SHENZHENPROPERTIES&RESOURCES
DEVELOPMENT(GROUP)LTD.
ANNUALREPORT2021
(AnnouncementNo.2022-09)
March2022
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.TheCompanyissubjecttotheinformationdisclosurerequirementsfortherealestateindustryintheSelf-DisciplinaryandRegulatoryGuidelineNo.3oftheShenzhenStockExchangeforListedCompanies—Industry-specificInformationDisclosure.TheCompanyhasdescribedindetailinthisReportthepossiblerisksfacingit,alongwithcountermeasures.Pleaserefertothesectionheaded“Prospects”of“PartIIIManagementDiscussionandAnalysis”ofthisReport.TheBoardhasapprovedafinaldividendplanasfollows:basedonthesharecapitalof595,979,092shares,acashdividendofRMB6.8(taxinclusive)per10sharesistobedistributedtotheshareholders,withnobonusissuefromeitherprofitorcapitalreserves.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
TableofContents
PartIImportantNotes,TableofContentsandDefinitions ...... 1
PartIICorporateInformationandKeyFinancialInformation ...... 5
PartIIIManagementDiscussionandAnalysis ...... 10
PartIVCorporateGovernance ...... 45
PartVEnvironmentalandSocialResponsibility ...... 69
PartVISignificantEvents ...... 72
PartVIIShareChangesandShareholderInformation ...... 88
PartVIIIPreferredShares ...... 98
PartIXBonds ...... 99
PartXFinancialStatements ...... 100
DocumentsAvailableforReference
I.ThefinancialstatementswiththesignaturesandstampsoftheCompany’slegalrepresentative,headoffinancialaffairsandheadofthefinancialdepartment;II.TheoriginaloftheIndependentAuditor’sReportwiththestampoftheCPAfirmandthesignaturesandstampsofthecertifiedpublicaccounts;andIII.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicintheReportingPeriod.
Definitions
Term
| Term | Definition |
| The“Company”,the“Group”,“SZPRD”or“we” | ShenZhenProperties&ResourcesDevelopment(Group)Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires |
| SIHC | ShenzhenInvestmentHoldingsCo.,Ltd. |
| HuangchengRealEstate | ShenzhenHuangchengRealEstateCo.,Ltd. |
| DongguanCompany | DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. |
| XuzhouCompany | SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. |
| YangzhouCompany | SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. |
| UrbanRenewalCompany | ShenzhenSZPRDUrbanRenewalCo.,Ltd. |
| RongyaoRealEstate | ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. |
| ITCPropertyManagement | ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. |
| ITCTechnologyPark | ShenzhenITCTechnologyParkServiceCo.,Ltd. |
| GuomaomeiLife | ShenzhenGuomaomeiLifeServiceCo.,Ltd. |
| CommercialOperationCompany | ShenzhenSZPRDCommercialOperationCo.,Ltd. |
| GuomaoCatering | ShenzhenGuomaoCateringCo.,Ltd. |
| SupervisionCompany | ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. |
| WuheCompany | ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. |
| ShenzhenPropertyManagement | ShenzhenPropertyManagementCo.,Ltd. |
| ForeignTradePropertyManagement | ShenzhenForeignTradePropertyManagementCo.,Ltd. |
| ShenfubaoPropertyDevelopment | ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. |
| HydropowerCompany | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. |
| SecurityServiceCompany | ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. |
| FMC | ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. |
| RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRenminbi,expressedintensofthousandsofRenminbi,expressedinhundredsofmillionsofRenminbi |
PartIICorporateInformationandKeyFinancialInformationICorporateInformation
Stockname
| Stockname | PRD,PRD-B | Stockcode | 000011,200011 |
| Changedstockname(ifany) | N/A | ||
| Stockexchangeforstocklisting | ShenzhenStockExchange | ||
| CompanynameinChinese | 深圳市物业发展(集团)股份有限公司 | ||
| Abbr. | 深物业集团 | ||
| CompanynameinEnglish(ifany) | ShenZhenProperties&ResourcesDevelopment(Group)Ltd. | ||
| Abbr.(ifany) | SZPRD | ||
| Legalrepresentative | LiuShengxiang | ||
| Registeredaddress | 39/Fand42/F,InternationalTradeCenter,RenminSouthRoad,LuohuDistrict,Shenzhen,GuangdongProvince,P.R.China | ||
| Zipcode | 518014 | ||
| Pastchangesofregisteredaddress | N/A | ||
| Officeaddress | 16/F,20/F,39/Fand42/F,InternationalTradeCenter,RenminSouthRoad,LuohuDistrict,Shenzhen,GuangdongProvince,P.R.China | ||
| Zipcode | 518014 | ||
| Companywebsite | www.szwuye.com.cn | ||
| Emailaddress | 000011touzizhe@szwuye.com.cn | ||
IIContactInformation
| BoardSecretary | SecuritiesRepresentative | |
| Name | ZhangGejian | DingMinghuaandChenQianying |
| Address | 20/F,InternationalTradeCenter,RenminSouthRoad,LuohuDistrict,Shenzhen,GuangdongProvince,P.R.China | 39/F,InternationalTradeCenter,RenminSouthRoad,LuohuDistrict,Shenzhen,GuangdongProvince,P.R.China |
| Tel. | 0755-82211020 | 0755-82211020 |
| Fax | 0755-8221061082212043 | 0755-8221061082212043 |
| Emailaddress | 000011touzizhe@szwuye.com.cn | 000011touzizhe@szwuye.com.cn |
IIIMediaforInformationDisclosureandPlacewherethisReportIsLodged
StockexchangewebsitewherethisReportisdisclosed
| StockexchangewebsitewherethisReportisdisclosed | TheShenzhenStockExchange:http://www.szse.cn |
| MediaandwebsitewherethisReportisdisclosed | ForA-stockinvestors:SecuritiesTimesForB-stockinvestors:TaKungPao(HK)www.cninfo.com.cn |
| PlacewherethisReportislodged | BoardOffice,39/F,InternationalTradeCenter,RenminSouthRoad,LuohuDistrict,Shenzhen,GuangdongProvince,P.R.China |
IVChangetoCompanyRegisteredInformation
| Unifiedsocialcreditcode | Nochange |
| ChangetoprincipalactivityoftheCompanysincegoingpublic(ifany) | Nochange |
| Everychangeofcontrollingshareholdersinceincorporation(ifany) | On29September2004,theState-OwnedAssetsSupervisionandAdministrationCommissionofShenzhenMunicipality(“SASACShenzhen”)decidedtoincorporateShenzhenInvestmentHoldingsCo.,Ltd.(“SIHC”)toincludeShenzhenInvestmentManagementCo.,Ltd.(“SIM”,theformercontrollingshareholderoftheCompany)andShenzhenConstructionInvestmentHoldingsCorporation(“SCIHC”).SCIHCandSIMhold323,796,324and56,582,573sharesrespectivelyintheCompany,representingacombinedstakeof63.82%.On19October2018,theCompanywasnotifiedbyitsactualcontrollingshareholderSIHCthatithadreceivedtheConfirmationofSecuritiesTransferRegistrationfromChinaSecuritiesDepositoryandClearingCo.,Ltd.(Shenzhenbranch),markingthecompletionoftheequitytransfertoSIHC.Assuch,SIHChasbecomethecontrollingshareholderoftheCompany.ThecontrollingshareholderremainedunchangedduringtheReportingPeriod. |
VOtherInformation
TheindependentauditfirmhiredbytheCompany:
| Name | BakerTillyChinaCertifiedPublicAccountantsLLP |
| Officeaddress | 9/F,ZhonghePlaza,2002ShennanMiddleRoad,FutianDistrict,Shenzhen,GuangdongProvince,China |
| Accountantswritingsignatures | LiMing,ChenZihan,andXuPing |
TheindependentsponsorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable√NotapplicableTheindependentfinancialadvisorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable√Notapplicable
VIKeyFinancialInformationIndicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes√No
2021
| 2021 | 2020 | 2021-over-2020change(%) | 2019 | |
| Operatingrevenue(RMB) | 4,491,965,643.71 | 4,104,374,646.02 | 9.44% | 3,961,669,942.44 |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 1,003,969,842.33 | 798,572,121.74 | 25.72% | 817,805,780.12 |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | 983,778,096.90 | 788,377,322.39 | 24.79% | 695,675,201.19 |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -1,813,313,008.58 | 385,497,782.12 | -570.38% | 939,789,565.96 |
| Basicearningspershare(RMB/share) | 1.6846 | 1.3399 | 25.73% | 1.3722 |
| Dilutedearningspershare(RMB/share) | 1.6846 | 1.3399 | 25.73% | 1.3722 |
| Weightedaveragereturnonequity(%) | 24.69% | 23.47% | 1.22% | 20.46% |
| 31December2021 | 31December2020 | Changeof31December2021over31December2020(%) | 31December2019 | |
| Totalassets(RMB) | 14,581,897,151.76 | 12,207,356,912.54 | 19.45% | 10,772,491,740.53 |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 4,486,110,790.39 | 3,727,917,440.03 | 20.34% | 3,147,949,009.38 |
Indicatebytickmarkwhetherthelowerofthenetprofitattributabletothelistedcompany’sshareholdersbeforeandafterexceptionalgainsandlosseswasnegativeforthelastthreeaccountingyears,andthelatestindependentauditor’sreportindicatedthattherewasuncertaintyabouttheCompany’sabilitytocontinueasagoingconcern.
□Yes√NoIndicatebytickmarkwhetherthelowerofthenetprofitattributabletothelistedcompany’sshareholdersbeforeandafterexceptionalgainsandlosseswasnegative.
□Yes√No
VIIAccountingDataDifferencesunderChina’sAccountingStandardsforBusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards
1.NetProfitandEquityunderCASandIFRS
□Applicable√NotapplicableNodifferencefortheReportingPeriod.
2.NetProfitandEquityunderCASandForeignAccountingStandards
□Applicable√NotapplicableNodifferencefortheReportingPeriod.
VIIIKeyFinancialInformationbyQuarter
Unit:RMB
Q1
| Q1 | Q2 | Q3 | Q4 | |
| Operatingrevenue | 891,026,732.66 | 1,649,838,406.59 | 640,625,548.94 | 1,310,474,955.52 |
| Netprofitattributabletothelistedcompany’sshareholders | 214,420,219.16 | 461,955,304.59 | 98,290,796.67 | 229,303,521.91 |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses | 208,303,080.57 | 461,555,410.64 | 97,412,536.02 | 216,507,069.67 |
| Netcashgeneratedfrom/usedinoperatingactivities | 83,213,087.80 | 1,054,357,692.93 | -1,680,581,358.73 | -1,270,302,430.58 |
IndicatebytickmarkwhetheranyofthequarterlyfinancialdatainthetableaboveortheirsummationsdiffersmateriallyfromwhathavebeendisclosedintheCompany’squarterlyorinterimreports.
□Yes√No
IXExceptionalGainsandLosses
√Applicable□Notapplicable
Unit:RMB
| Item | 2021 | 2020 | 2019 | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | -62,170.29 | -322,603.77 | 47,015.23 | |
| Governmentsubsidieschargedtocurrentprofitorloss(exclusiveofgovernmentsubsidiesconsistentlygivenintheCompany’sordinary | 23,923,655.59 | 7,100,657.34 | 2,410,184.82 | Mainlygovernmentsubsidyfor |
courseofbusinessatfixedquotasoramountsaspergovernmentalpoliciesorstandards)
| courseofbusinessatfixedquotasoramountsaspergovernmentalpoliciesorstandards) | CompanyHeadquarters | |||
| Currentprofitorlossonsubsidiariesobtainedinbusinesscombinationsinvolvingenterprisesundercommoncontrolfromtheperiod-beginningtocombinationdates,net | 118,680,871.93 | |||
| GainorlossoncontingenciesthatdonotariseintheCompany’sordinarycourseofbusiness | -2,396,947.00 | |||
| Reversedportionsofimpairmentallowancesforreceivableswhicharetestedindividuallyforimpairment | 19,900.00 | |||
| Non-operatingincomeandexpenseotherthantheabove | 2,915,682.88 | 9,089,508.74 | 2,048,751.21 | |
| Othergainsandlossesthatmeetthedefinitionofexceptionalgain/loss | 169,262.03 | 94,284.37 | 91,337.56 | |
| Less:Incometaxeffects | 6,749,597.21 | 3,470,226.55 | 1,146,936.51 | |
| Non-controllinginterestseffects(netoftax) | 5,087.57 | -80,226.22 | 645.31 | |
| Total | 20,191,745.43 | 10,194,799.35 | 122,130,578.93 | -- |
Particularsaboutothergainsandlossesthatmeetthedefinitionofexceptionalgain/loss:
□Applicable√NotapplicableNosuchcasesfortheReportingPeriod.ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable√NotapplicableNosuchcasesfortheReportingPeriod.
PartIIIManagementDiscussionandAnalysisIIndustryOverviewfortheReportingPeriod
TheCompanyissubjecttotheinformationdisclosurerequirementsfortherealestateindustryintheSelf-DisciplinaryandRegulatoryGuidelineNo.3oftheShenzhenStockExchangeforListedCompanies—Industry-specificInformationDisclosure.(I)Macro-economicsituationandindustrydevelopmentstatusIn2021,themacro-economicoperationcontinuedthedevelopmenttrendofoverallstabilityandprogress,leadingmacroeconomicindicatorsremainedwithinareasonablerangeandthestructuralreformonthesupplysidewascontinuouslypromoted.Besides,reformandopeningupcontinuedtodeepen,people'slivingstandardsandqualitykeptimprovingandanincreasingnumberofpositivefactorsweredrivinghigh-qualitydevelopment.Sincetheprinciplethat"housesareforlivingin,notforspeculatingon"wasfirstputforwardattheCentralEconomicWorkConferencein2016,thecentralgovernment'spositiononthisprinciplehasbeendeepenedconstantly.Topreventrisksintherealestatesector,therealestatemarkethasbeenunderstrictregulationoverthepastfewyears,andrelevantpolicieshaveexertedaseriesofeffectsonthedemandside,thesupplysideandthefinancingsideofthemarket,posinghigherchallengestotheoperatingcapabilitiesofrealestateenterprises.DuringtheReportingPeriod,asthemainstanceonrealestatepolicies,includingtheprinciplethat"housesareforlivingin,notforspeculatingon"and"threestabilities",remainedunchanged,therealestatemarketexperiencedatransitionfromthehighpopularityinthefirsthalfoftheyeartotheprofoundadjustmentinthesecondhalf,withthescaleremaininghighthroughouttheyear.Theyear-roundsaleswerehighinthefirsthalfandlowinthesecondandthesalesinthesecondhalfcontinuedtodecline.AccordingtothedatafromtheNationalBureauofStatistics,thesalesareaofcommercialhousingthroughout2021was1,794millionsquaremetersnationwide,ayear-on-yearincreaseof1.9%,andthesalesamountwasRMB18.19trillion,up4.8%fromthepreviousyear.However,suchanincreasewasmainlyattributabletothegoodsalesinthefirsthalfoftheyearwhilesaleshavedroppedsignificantlysincethesecondhalf.Specifically,thesalesofcommercialhousingcontinuedtheboomofthesecondhalfof2020,withsustaineddouble-digitgrowthinbothsalesamountandsalesarea,andtheaveragesalespriceremainedaboveRMB10,000persquaremeter.ThesalesofthenewhousingmarketplummetedafterJuneandthesalesareaandsalesamountsuffereddouble-digitnegativegrowthfromAugustandmaintainedsuchatrenduntiltheendoftheyear.Newstartsweakenedanddevelopmentinvestmentcontinuedtofall.ThedevelopmentinvestmentcompletedthroughouttheyearwasRMB14.7trillion,anincreaseof4.4%year-on-year.ItremainedlowinthesecondhalfoftheyearandbegantoshownegativegrowthinSeptember.ThedevelopmentinvestmentcompletedinDecembersawayear-on-yeardecreaseof13.9%.Realestateenterpriseshadalowwillingnesstostartconstructionduetogreatfinancialpressureandstringentregulationofadvancesales.Theareaofnewstartsin2021was1,989millionsquaremeters,adecreaseof11.4%year-on-year,markingthelargestdropsince2016.Withtheslowdowninlandacquisition,thelandmarketcooledrapidlyinthesecondhalfoftheyear.Theoveralllandacquisitionmomentumofrealestateenterprisesslackened.Throughouttheyear,landtransactionsamountedtoRMB1.78trillion,up
2.8%fromthepreviousyear,andthelandacquisitionareawas216millionsquaremeters,down15.5%fromthepreviousyear.Therewasapatternof"firsthot,thencoldandfinallystable"inthecentralizedlandsupplyof22cities.Duetothesalesboomandloosefinancingenvironmentinthefirsthalfoftheyear,realestateenterpriseshadastrongwillingnesstoacquirelandandcompetedfiercelyforland.Asaresult,theoverallperformanceofthefirstgroupofcentralizedlandsupplywasfiery,anditsturnoverandpremiumraterankedfirstamongthethreegroupsofcentralizedlandsupply,muchhigherthanthelattertwo.Affectedbyfactorssuchasthedramatictighteningoffinancingregulation,thecliff-likedeclineinsalescausedbytighteningmortgagelimits,aswellasinsufficientmarketconfidenceduetofrequentcreditincidentsofrealestateenterprises,thesecondgroupofcentralizedlandsupplyencounteredacoldseason.Althoughthelandsupplyplanswerecollectivelyhaltedandpostponedinmanyplaces,theratesof
canceledauctionsandabortiveauctionsstillincreasedsignificantlyonthewholeandthetransactionpremiumrateplummeted.WiththegraduallooseningofcentralpoliciesattheendofQ3,theslightrecoveryinmarketconfidence,themoderaterelaxationoflandtransferrules,thethirdgroupofcentralizedlandsupplywasinastablestate.Thetransactionpremiumratewasthelowestforthewholeyear,butthedeclinewasnotsignificantandtherateofabortiveauctionsdroppedaswell.Regulationhasnotbeenrelaxedandnoobviousimprovementinfundshasbeenseen.Duetotheappearanceofeffectsfrompoliciessuchasloanconcentrationmanagementandthegradualexposureofcreditrisksinrealestateenterprises,theirfinancingchannelsshrankcompletely,theextensionofmortgageloanswasundernegativeinfluence,andthesalespaymentcollectionofrealestateenterpriseswasnegativelyaffectedtovaryingdegrees.AccordingtothedatafromtheNationalBureauofStatistics,theamountoffundscollectedbyrealestateenterprisesinthewholeyearwasRMB20.11trillion,up4.2%fromthepreviousyear,bringingthescaletoanall-timehigh.Butthegrowthratehitanewlowinnearlysixyearsanddeclinedmonthbymonth.Themonthlyvalueofthecollectedfundsshowednegativegrowthyear-on-yearfromthesecondhalfof2021andtheyear-on-yeardeclineinSeptemberreachedupto11.2%.SincetheendofSeptember,thecentralgovernmentandministerialdepartmentscontinuouslyreleasedsignalsofstabilitymaintenance,thecreditenvironmentsawmarginalimprovementsandthefinancingenvironmentforrealestateenterprisesgraduallyimproved.However,thegrowthofcollectedfundsdidnotperformwellattheendoftheyear.Thisisbecauseittakestimeforthemarginalimprovementsinthecreditenvironmenttoreachthemarketside,aswellasfortheextensionoffundssuchasmortgageloansanddevelopmentloans.(II)PolicyenvironmentoftheindustryIn2021,upholdingthefundamentalprinciplethat"housesareforlivingin,notforspeculatingon"andaimingat"stabilizinghouseprices,landpricesandexpectations",policyadjustmentswereunderwaydependingonmarketpopularity.Whenthemarketwashighinthefirsthalfoftheyear,policieswerecomprehensivelytightenedandincreased.Afteracontinuousdownwardtrend,therewasmarginalrelaxationandthereleaseofsomebenefitsinthesecondhalf.Fromtheperspectiveofthesupplyanddemandsides,thedemandsidefocusedonthestrengtheningofcreditregulation,pricecontrolandtheoptimizationandupgradingofpoliciesrestrictinghousingpurchasesandloans;thesupplysidefocusedonlandandfinancialcontrol,forriskmitigationanddeleveragingpurposes.Thedemandsidefocusedonthestrengtheningofcreditregulation,pricecontrolandtheoptimizationandupgradingofpoliciesrestrictinghousingpurchasesandloans.(1)Thestrengtheningofcreditregulation.Illegalinflowsoffundsintotherealestatemarketwereunderscrutiny.Topreventbusinessloansfromenteringthemarket,manycitiesscrutinizedtheuseofillegalfundsfordownpaymentsandmortgageloans.Afterthecomingintoforceofthepolicyonpropertyloanconcentrationmanagement,somebanksandcitiessufferedtightmortgagelimits,themortgageloanperiodofpropertybuyerswaslengthened,themortgageloanrateroseandqualificationrequirementswereraised.(2)Pricecontrol."Stability"wasmorevaluedinhousingpricecontrol.Firstly,popularcitiesextendedthecontrolofexcessivepriceincreasesfromnewhousestosecond-handones.CitiessuchasShenzhen,Shanghai,WuxiandShaoxingsuccessivelyestablishedapricereferencemechanismforsecond-handhouses,whichrequiredbankstoextendsecond-handhousingloansatthereferenceprice.Suchamechanismwasdesignedtorestrictthesurgeinsecond-handhousingpricesandtocrackdownonpriceinversionofoldandnewhousing.Secondly,thepropertymarketsintier-threeandtier-fourcitiesperformeddifferentially.Housepricesinsomecitiesunderwentamarkeddropanddevelopersslashedprices.FollowingthedownwardtrendthatappearedinthemarketinJuly,Heze,YueyangandKunmingissuedexecutiveorderstolimitpricedeclinesinsuccession,underwhichmostofsalesshallbebasedonthefilingpriceforonlinesalesandthedeclineshallnotbegreaterthan10%.(3)Theoptimizationandupgradingofpoliciesrestrictinghousingpurchasesandloans.Popularcitiestightenedpoliciesmainlythroughpatchingorrestrictingtheentryofinvestment-orientedhousingdemandsthroughaddingconditionsforhousepurchase.Forinstance,Haikou,Xi'an,Hangzhou,Dongguan,GuangzhouandNanjingaddedconditionssuchaspersonalincometaxorcertificateofsocialinsurancepayment.Xiamen,Hefei,Chengdu,HangzhouandShanghaistipulatedthathousepurchasequalificationswererequiredtoobtainhousesthroughjudicialauctions.Wuhanlaunchedtheticket-basedhousepurchasepolicy.Dongguanincreasedtheperiodsofsocialsecuritypaymentofhousebuyerswithnon-localhouseholdregistration.Thesupplysidefocusedonlandandfinancialcontrol.(1)Intermsofland,22citiesstartedtoimplementthe"TwoCentralization"(centralizedannouncementandcentralizedtransfer)policyforresidentiallandsupplyfrom2021,whichrequiredthat,inprinciple,
thenumberoflandtransfersshallnotexceedthreetimesinayear.Apartfromthefirstgroupof22pilotcitiesthatcompletedcentralizedlandsupplywithintheyear,someothercitiesalsoadoptedthe"TwoCentralization"methodforlandtransfer.Asanimportantprocessofthelong-actingrealestatemechanism,centralizedlandsupplyismainlydesignedtostabilizehousepricesbystabilizinglandpricesandrequiresrealestateenterprisestoraisemorefundsforlandacquisitioninashortperiodoftime,bringingabiggertesttothecapitalchainofsuchenterprises.Whenthesecondroundofcentralizedlandsupplybegan,privateenterpriseswereunabletodomuchattheinvestmentendduetocreditchallengesandfinancialpressuresandchosenottoparticipate.Centralandstate-ownedenterprisespredominatedthemarketandsomelocalstate-ownedenterprisesalsoemergedfromtimetotime.(2)Intermsoffinancialcontrol,policiescontinuedtotightenbeforeSeptemberandthefinancingofrealestateenterpriseswasrestrictedbyconstantpatching.OnDecember31,2020,thePBOCandtheChinaBankingandInsuranceRegulatoryCommission(CBIRC)issuedtheloanconcentrationassessmentstandardstolimittheexistingscaleofrealestateloansinbanks.Realestateenterpriseshavefoundtheirdevelopmentfinancingsignificantlyrestrictivesince2021.OnMarch22,2021,thePBOCheldasymposiumonoptimizingandadjustingthecreditstructureof24majorbanksnationwide,emphasizing"maintainingthecontinuity,consistencyandstabilityofrealestatefinancialpoliciesandimplementingthefinancialprudentialmanagementpolicyofrealestate".TheAssetManagementAssociationofChina(AMAC)suspendedthefilingofrealestatesupplychainproductsbyfundsubsidiariesinMayandtheapprovalandissuanceofasset-backedsecurities(ABS)sloweddownsignificantlyafterAugust.SinceSeptember,manyrealestateenterprisessufferedliquiditydifficultiesandmarginalrelaxationofrealestateregulationbegantoappear.FromlateSeptembertoNovember,themarketwasdominatedbytherelaxationofthePBOC,theCBIRCandotherfinancialregulators,anddevelopmentloans,mortgageloansandbondfinancinggraduallyrecovered.Additionally,localgovernmentsandhousingconstructiondepartmentsstrengthenedtheregulationofadvancesalefundstoguaranteedelivery.SinceDecember,financialinstitutions,housingconstructiondepartmentsandlocalgovernmentsmadeajointstatementtoresolvetheliquiditycrisis.Morethan400realestateregulatorypolicieswereissuedbyprovincesandcitiesnationwidein2021.Theregulationpoliciesoftherealestatemarkethaveseenconstantimprovementsandupgradingandproducedsignificanteffects.Lookingforwardto2022,thecentralgovernmentwillstillupholdthegeneralprinciplethat"housesareforlivingin,notforspeculatingon"andtrytoachieve"threestabilities".Atatimewhentheadjustmenttrendoftherealestatemarketcontinuestodeepen,thecreditenvironmentisexpectedtoimprovesignificantlybutislesslikelytorelaxsubstantially.Moreover,thepilotworkonrealestatetaxreformwillbepostponed,whichwill,intheshortterm,orfurtheraffecttheexpectationsofhousebuyers,andthepropertymarketwillembraceaforeseeablerecovery.(III)RegionalmarketpatternFromtheperspectiveofregionalmarkets,theShenzhenrealestatemarketcontinuedtomaintainthedevelopmenttrendofincreasedregulationandstrengthenedsupervisionin2021.InFebruary,Shenzhenissuedaguidepriceforsecond-handhouses,disguisedasanincreaseinthedownpaymentratioforsecond-handhousetransactions.Thesecond-handhousemarkettransactionsandpriceincreaseswerebothsuppressed.InMarch,ShenzhenMunicipalBureauofHousingandUrban-RuralDevelopmentrequiredallresidentialprojectstobelistedbythe"iShenzhen"forregistrationandonlinehouseselection.Atthesametime,Shenzhenfullyimplementedthepointsrankingpolicyfornewsubscriptions,strictlyinvestigatedthesourceoffundsfordownpaymentsandcrackeddownonactssuchascrowdfundingandholding(housepurchase).Additionally,businessloans,mortgageloansandotherillegalfundswerestringentlyprohibitedfromflowingintothepropertymarket.Thestrictimplementationofvariouspoliciesreducedthefinancialinvestmentattributesofrealestate,andthemarketrapidlycooledwithastrongwait-and-seemood.(IV)IndustrypositionoftheCompanySZPRDarisestogetherwithShenzhen'sreformandopeningupanddevotesitselftorealestate,propertymanagementandotherfieldsfornearlyfourdecades.Ithasachievedgradualimprovementsinitscomprehensivecapacity,brandinfluenceandindustrypositionandwonmanyhonorsandawardsovertheyears.DuringtheReportingPeriod,theCompanywonthetitleof"2021ShenzhenTop500Enterprises"andranked170thonthelist,wasappraisedasaShenzhenmunicipalheadquartersenterpriseforthreeconsecutiveyearsandwonthetopawardofcontributionaward.ITCPropertyManagement,asubsidiaryoftheCompany,wonthefollowingawards:"2021Top100EnterprisesinPropertyServiceCapacityintheGreaterBayArea","2021Top5Enterprisesin
PropertyServiceCapacityinIndustrialParksoftheGreaterBayArea","2021Top100ChinaPropertyServiceEnterpriseswithComprehensiveStrength","2021Top100ChinaPropertyServiceEnterprisesinBrandValue","2021QualityBenchmarkEnterpriseinGuangdongProvince"and"2021ChinaPropertyServiceBrandCharacteristicEnterprise-AWorld-leadingPropertyManagementEcologicalOperator".TheShenzhenInternationalTradeCenterBuildingwaslistedinthefirstgroupofShenzhenhistoricalbuildingsannouncedbythePeople'sGovernmentofShenzhenMunicipality.ThehistoricalexhibitionofShenzhenInternationalTradeCenterwasselectedasacaseforthedevelopmentandutilizationofnationaleconomicandtechnologicalarchivesresourcesin2021bytheNationalArchivesAdministrationofChina.TheseawardsandhonorsdemonstratedtheCompany'scomprehensivestrengthandreflectedthehighrecognitionoftheCompany'scomprehensivestrengthbytheindustry,customersandgovernmentdepartments.DuringtheReportingPeriod,despitethechangesintherealestateindustry,theCompanygainedacomparativeadvantagewithstableoperationstatusandgoodfinancialposition,seizedtheopportunitiesofthelandmarketandwonthebidforthelandplotsof2021WR023inHumenTownofDongguanandA606-0258inGuangmingDistrictofShenzhen.ItmarkedabreakthroughintheGroup'sacquisitionofzerolandresourcesfromthesecondarymarketovertheyearsandprovidedasolidguaranteefortheGroup'ssustainabledevelopmentduringthe"14thFive-yearPlan"period,aswellassymbolizedthefullopeningoftheeraofcompletemarketizationoftheGroup'sdevelopmentbusiness.
IIPrincipalActivityoftheCompanyintheReportingPeriod
TheCompanyissubjecttotheinformationdisclosurerequirementsfortherealestateindustryintheSelf-DisciplinaryandRegulatoryGuidelineNo.3oftheShenzhenStockExchangeforListedCompanies—Industry-specificInformationDisclosure.(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,theoffice
building,andtheindustrialparkandhasdevelopedabatchofbrandprojects,includingShenzhenInternationalTradeCenterBuilding,HuanggangPort,Tian'anInternationalBuilding,QianhaiGangwanGarden,andGoldenCollarHoliday.Basedonitspresentrealestatedevelopmentbusiness,theCompanywillimproveitsexistingportfolioandplanfornewbusinesses.Itwillengageanumberofsubsidiariesinpropertydevelopmentandurbanrenewals,includingHuangchengRealEstate,RongyaoRealEstate,theUrbanRenewalCompany,DongguanCompany,XuzhouCompany,andYangzhouCompany,strengthencapitaloperationviathelistingplatform,andmakeareasonablelayoutofthecityspacedevelopmentsegment.IntheReportingPeriod,SZPRDmademultipleeffortsforthissegment.Forinstance,itexpandeditslandbank,steadilyadvancedtheprojectdevelopmentinsideandoutsideShenzhen,acceleratedthesalesofprojectsinXuzhou,andYangzhou,andspeduptherecoveryofinvestment.Moreover,itfocusedonthedevelopmentandconstructionofindustry-citycomplexesandacceleratedtocreateanintegratedandco-existingmodelforthedevelopmentofboutiqueurbanresidencesandhigh-endindustryspace.
2.PropertymanagementservicesTheCompany'spropertymanagementsegmenttakesITCPropertyManagementasitsplatform.AsChina’sfirstbatchoffirst-classqualifiedenterprisesinpropertymanagement,ITCPropertyManagement,aftermorethan30yearsofdevelopment,hasbecomeadomesticfirst-classpropertyserviceproviderwithdiversifiedbusinesscapabilitiesandtechnologicalstrength,andhasbeenawarded"Top100NationalPropertyManagementEnterprises"and"ExcellentEnterpriseofPropertyManagementinChina'sIndustrialParks"formanyyearsinarow.Theprojectsunderitsmanagementarealloverthecountry,anditsbusinessradiatestovariousregionsinChina,suchasSouthChina,SouthwestChina,EastChinaandNorthChina,aswellastheChina-VietnamCooperationZoneinVietnam.TheCompany'sexistingbusinesshascoveredindustrialparks,culturaltourismscenicspots,governmentagencies,railtransportation,housing,hospitals,schools,hotelsandothervariousbusinessmodels,andisplanningtodevelopthebusinessofgrassrootssocialgovernance.TheCompanycollaboratedwiththegovernmenttocreateasafe,harmonious,civilizedandorderlyurbanenvironment,basicallyformingapatternofintegrateddevelopmentofmultiplebusinessmodels.Therearemorethan20subsidiariesunderITCPropertyManagement,andwiththefunctionaldepartmentsoftheheadquartersastheplatform,ithasactivelybuiltthreecentersof"market,empowermentandsupervision",andformedthreebusinesscentersandprofitcentersofspecializedbusinessmodelcompanies,specializedcompaniesandcompaniesinotherregions,soastocontinuouslyandeffectivelyrealizethenewpatternofcoordinateddevelopmentof"1+1>2".DuringtheReportingPeriod,throughitsownmarketingeffortsandM&As,ITCPropertyManagementsawanadditionofover7,000,000squaremeterstoitspropertymanagementbusiness,withthetotalmanagedareaexceeding30,000,000squaremeters.Inparticular,theindustrialparkareahasreached10,000,000squaremeters,makingthecompanyoneofthetoppropertymanagementproviderforhigh-endindustrialparksinChina.
3.IndustrialecosystemoperationWithrespecttotheindustrialecosystemoperationsegment,theCompanygavefullplaytoitsfoundationinthethreebasicindustries,namely,realestatedevelopment,propertymanagement,andleasingandtheadvantageofthewholeindustrychain,focusedonthetwomajorstrategiesof“value-addedoperationofexistingassets”and“light-assetoperationoutput”,anddeepenedinternalandexternalstrategiccooperation.Itiscommittedtocreatingaclosedloopofthewholeindustrialecosystem,coveringprojectdevelopmentservices,parkoperationservices,andsupportingrentaloperations,andkeepingimprovingthespaceserviceandrentalecosystemintheindustrialpark.Auniqueandmaturebusinessdevelopmentmodelhasbeenputinplacewiththecapabilityandexperienceofthewholechainofplanning,dismantling,constructioncontrol,businessinvitation,operation,andon-sitemanagementwithrespecttovariousassets.TheCompanyisexpeditingthestocktakingandassessmentofitspropertiesinstockandstrengtheningthemanagementoverthem.Inthefuture,itwillgraduallyexpandthescopeofleasingandraisethedevelopmentcapabilityofpropertyrental.Moreover,theCompanygraduallyshiftsthefocusofindustrialecosystemoperationtosci-techparks,providessupportingservicescoveringthewholevaluechain,suchastheimportofindustrialecosystem,projectdevelopmentservices,andparkoperationservices,andservestheroleof"spaceserviceprovider"centeringonsci-techparks.
4.OtherbusinessIntheReportingPeriod,theCompany'sbusinessesalsoincludedcateringserviceandprojectsupervisionservice.ThecateringserviceisoperatedbyShenzhenGuomaoCateringCo.,Ltd.GuomaoCateringCo.,Ltd.,establishedin1986,becamefamousat
homeandabroad,asitwastheplacewherePresidentDengXiaopinggavetalksduringhisinspectiontothesouthin1992.Sinceitsestablishment,ithasreceivedmorethan600domesticandoverseaspoliticalVIPs,famouspeople,andnumerousdomesticandoverseasguests,withitsreputationspreadingallovertheworld.TheprojectsupervisionserviceishandledbythesubordinatedsupervisioncompanyoftheGroup.ThecompanyhastheGradeAsupervisionqualificationofbuildingworksoftheMinistryofHousingandUrban-RuralDevelopment(MOHURD).ItwasoriginallyknownasShenzhenPropertyEngineeringManagementDepartment,andtakespartintheconstructionandmanagementworkofShenzhenInternationalTradeCenterBuilding.Itisawitnessofthewholeprocessof"Shenzhenspeed",andmainlyservesforthedevelopmentprojectoftheGroup.(II)BusinessReviewfortheCompanyin20212021istheopeningyearofthecomprehensiveimplementationofthe14thFive-YearPlan.TheCompanycloselyfocusedontheimplementationofthekeyworkplansformulatedatthebeginningoftheyear,basedon"long-termgoals,medium-termexpectations,short-termresults"topromotetheoverallefficiencyoflong-termsustainabledevelopment.TheRealEstateCompanytookexpansionasthegoal,andmadeeffortstoseekabreakthroughinprojectexpansion.ThePropertyManagementCompanytookstrategictransformationastheguidetoenhancetheempowermentvalueandbrandvalue.TheCommercialOperationCompanyaimedatimprovingqualityandefficiency,andcontinuedtoinnovatetheoperationandmanagementmode,andeachbusinesssegmenthasmaintainedastableandhealthydevelopmenttrend.AsattheendoftheReportingPeriod,thetotalassetsoftheGroupstoodatapproximatelyRMB14.582billion.Duringtheyear,theGrouprecordedoperatingrevenueofapproximatelyRMB4.492billionandagrossprofitofapproximatelyRMB1.314billion,uparound27.07%yearonyear,representingthehighestlevelseversincetheestablishmentoftheGroup.AndwithrespecttoROE,theGrouphasstayedattheforefrontofA-stockrealestatedevelopersandmunicipalstate-controlledlistedcompaniesforyears.First,theindustry-cityspacedevelopmentsegmentachievedoutstandingresultsandprojectexpansionwasfruitful.TherealestatebusinessrecordedoperatingrevenueofRMB3,131million,accountingfor69.70%ofthetotaloperatingrevenueandup8.14%fromthepreviousyear.DuringtheReportingPeriod,firstly,theGroupconcentratedontheGreaterBayArea,tookanactivepartinthecompetitivelandauctionmarketandseizedthelandauctionopportunitiesinDongguanandShenzhen.Withtheseefforts,theGroupsuccessfullywonthebirdfortwolandplots,onecoveringanareaofapproximately52,000squaremetersinHumenTown,Dongguanandonecoveringanareaofapproximately15,000squaremetersinGuangmingDistrict,Shenzhen.ItmarkedabreakthroughintheGroup'sacquisitionofzerolandresourcesfromthesecondarymarketovertheyearsandprovidedasolidguaranteefortheGroup'ssustainabledevelopmentduringthe"14thFive-yearPlan"period,aswellassymbolizedthefullopeningoftheeraofcompletemarketizationoftheGroup'sdevelopmentbusiness.Secondly,theGroupcontinuedtostrengthenthesynergybetweenphasedobjectivesandresourcesecuritytoachievethecomprehensivespeed-upandturnoverofprojectsunderconstruction.TheannualsalesworkoftheGoldenCollarHolidayprojectwasfullycoordinatedtocontrolthepaceofenteringthemarket.TheremaininghousesofTowersBandCweresoldoutsmoothly.Whenthepandemicwasunderstablecontrol,TowerAwasopenedforsaleonMay14,whichproducedsatisfactoryresultsandprovidedstrongsupportforrevenueandprofitgrowth.Meanwhile,breakthroughsweremadeinthecriticalprocessesofsomekeyanddifficultprojects.Specifically,theFuchangPhaseIIprojectwascappedasscheduled.TheimplementationentityoftheGuanlanBanglingPhaseIIprojectwasconfirmed.ThedisposalofidlelandwascompletedfortheBaolulandplotandcompensationincashwasconfirmed.TheseparationplanoftheYupinluanshanprojectwasapprovedbythesuperiorpropertyunit.TheacceptanceproceduresfortheLongyaoshanjuprojectinXuzhouwereallcompleted.TherelocationandrenovationofthedilapidatedbuildingsinCanteenNo.3ofHualiWestVillagewerevigorouslypushedforwardtomitigatesafetyrisks.Inparticular,theGuanlanBanglingproject,astheCompany'sfirstindustry-citycomplexprojectintheGuanlanareaofLonghuaDistrictinamarket-orientedmanner,wasincludedinthefirstgroupofkeyindustrialandmajorlivelihoodprojectsinLonghuaDistrictin2021,withatotalplannedinvestmentexceedingRMB8billionandatotalbuildingareaofroughly620,000squaremeters.Theprojectwillintroducedigitalmanufacturing,digitalcultureandeducation,digitalhealth,financialservicesandothersmarttechnologyindustriesandbuildalargeindustry-citycomplexintegratingindustrialoffice,residentialandcommercialproperties,boostingtheGroup'stransformationandleapfrogdevelopment.Second,thepropertymanagementsegmentgrewsteadilyandcontinuedtoacceleratemarketexpansion.Theoperating
revenuefrompropertymanagementwasRMB1,185millionthroughouttheyear,accountingfor26.37%ofthetotaloperatingrevenueandrepresentingayear-on-yearincreaseof10.70%.ItremainedtheGroup'ssecond-largestrevenuesource.Thegrossprofitmarginwas18.31%,anincreaseofapproximately3.6percentagepointsoverthesameperiodofthepreviousyear.DuringtheReportingPeriod,fivehigh-qualitypropertymanagemententerprisesunderSPG,ChinaShenzhenForeignTrade(Group)Corp.Ltd.andShenzhenShenfubao(Group)Co.,Ltd.wereacquired,withamanagementareaofroughly5.68millionsquaremeters.Thetotalareaundermanagementexceeded30millionsquaremeters,including10millionsquaremetersofindustrialparkareaundermanagement.Thescaleofoperationandmanagementofhigh-endindustrialparksrankedthetopofdomesticindustrialparkoperationandmanagement,whicheffectivelyenhancedtheGroup'soverallmarketcompetitivenessinpropertymanagementandhadanextremelyimportantmilestonesignificancefortheGroup'sstrategictransformationofexpandingandstrengtheningitspropertymanagementbusinessandcultivatingitssecondmainbusiness.FMC,ahigh-endvalue-addedserviceprovider,wasacquiredforinnovationpurposesandwillserveasanimportantdriverfortheGroup'sinformationized,digitalandintelligenttransformationanddevelopmentinthefuture.Atthispoint,thefirstprojectoftheGroup'sfourth-largestbusinesssegment-mainbusinessecosysteminvestment-wassuccessfullyimplemented.Itmarkedavividpracticeof"expandingthemainbusinessandmakingbreakthroughs",createdanopportunityforsubsequentacquisitionsofsimilarenterprisesandprovidedvaluableexperienceforreference.Themarket-orientedexpansionwaspromotedatthesametime.Theannualnetincreaseinthepropertymanagementareawasapproximately1.95millionsquaremeters,ofwhichabout800,000squaremeterswereexpandedbyYangzhouJingyueCompany,makingoutstandingcontributionstothecompletionoftheannualtasks.TheGroupselectedCBREGroup,Inc.,agiantoftheinternationalpropertymanagementindustry,asastrategicpartnertojointlycultivatequalitybrandsinhigh-endpropertymanagement,assetoperationandpropertydevelopmentservices.Third,qualityandefficiencywereimprovedandcoreoperatingcapabilitieswerecultivatedfortheindustrialecologicaloperationandothersegments.TheoperatingrevenuefrompropertyrentalthroughouttheyearwasRMB176million,accountingfor3.92%ofthetotaloperatingrevenueandup26.85%fromthepreviousyear.Inrecentyears,theCompanyhastakenvariousstepstoaccelerateitstransformationandupgrading,exploredtheestablishmentofanincrementalsharingmechanismandintensifiedprojectexpansion.Besides,coreoperatingcapabilitieswerecultivatedinmultiplepathsandthetransformationofthecurrentsimpleleasingbusinessmodetoacommercialoperationmodewaspromoted,therebyboostingthedevelopmentandgrowthoftheindustrialecologicaloperationsegment.DuringtheReportingPeriod,theCompanysignedagreementswithSIHCandShenzhenShentouRealEstateDevelopmentCo.,Ltd.totrust97propertiescoveringabout82,000squaremetersofassets,whichisexpectedtoincreasetheannualrevenuebyaboutRMB7million.TheDonghuApartmentprojectwasactivelyexpandedinamarket-orientedwayforthefirsttimetonearly10,000squaremetersofasset-lightprojectsandtheoccupancyrateexceeded60%onthefirstdayofopening.Atthemoment,theleasablepropertyoftheGroupcoversanareaofabout430,000squaremeters.Withqualityandefficiencyimprovementsasthecore,theCompanyisacceleratingthetransformation,upgrading,revitalizationandutilizationofassetsandthedisposalofinefficientassets.Industrialinvestmentattractionstartedfromscratchandwasconsolidatedafterward.WiththeimprovementofsystembuildingbyissuingtheWhitePaperonIndustrialInvestmentAttractionStrategiesandtheMeasuresfortheAdministrationofIndustrialOperations(Provisional),theindustrialinvestmentattractionsystemtookshapepreliminarily.IndustrialplanningprogrammesforYangzhou,BanglingandFuyuanprojectswerevigorouslypromoted.Besides,theCompanycontactednearly300intendedpartnersandreachedcooperationintentionswithmanyunits.ThesupervisionoverthefinedecorationofTowerAofGoldenCollarHoliday,FuchangPhaseIIandGuanlanBanglingprojectswasinorderlyprogress.VariousworkwascarriedoutinstrictaccordancewiththestandardizedproceduresforsupervisionandtheCompany'srelevantrequirementsforinternalcontroltosuccessfullycompletethesupervisionofexistingprojects.Newadditionstothelandbank:
Nameoflandlot
orproject
| Nameoflandlotorproject | Location | Planneduseofland | Sitearea（㎡） | Floorareawithplotratio（㎡） | Howthelandisobtained | TheCompany’sinterest | Totallandprice(RMB’0,000) | ConsiderationoftheCompany’sinterest |
(RMB’0,000)
| (RMB’0,000) | ||||||||
| LandLotNo.A606-0258inGuangmingDistrict,Shenzhen | YutangStreet,GuangmingDistrict | Residential | 14,901.80 | 89,067 | Openmarket | 100.00% | 167,044 | 167,044 |
| LandLotNo.2021WR023inHumenTown,Dongguan | ChigangCommunity,HumenTown,Dongguan | Residential | 51,687.93 | 113,713.44 | Openmarket | 100.00% | 213,376 | 213,376 |
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 | - | - |
| ProjectatYutang,GuangmingDistrict | 1.49 | 8.91 | 8.91 |
| ProjectatHumen,Dongguan | 5.17 | 11.37 | 11.37 |
| Total | 29.66 | 42.53 | 42.53 |
Developmentstatusofmajorprojects
| City/region | Nameofproject | Location | Usage | TheCompany’sinterest | Timeforcommencementofconstruction | %developed | %thathascompletedconstruction | Sitearea（㎡） | Plannedfloorareawithplotratio（㎡） | FloorareathatcompletedconstructionintheCurrentPeriod（㎡） | Cumulativefloorareathathascompletedconstruction（㎡） | Estimatedtotalinvestment(RMB’0,000) | Cumulativeinvestment(RMB’0,000) |
| Shenzhen | GoldenCollar’sResort | FutianDistr | Residential | 100.00% | 2014.03 | Completed | 100.00% | 12,598 | 133,800 | 0 | 133,800 | 138,311 | 127,701 |
apartments
| apartments | ict | ||||||||||||
| Shenzhen | FuhuiHuayuan | FutianDistrict | Affordablehousing | 100.00% | 2018.12 | Underconstruction | MainframetoppedoutonOctober8,around80%decorationcompleted,andmainstructurecompleted | 4,274 | 33,430 | 0 | 0 | 91,133 | 66,172 |
| XuzhouCity | BanshanYujing(PhaseII) | TongshanDistrict | Residential | 100.00% | 2019.03 | Underconstruction | AsofDecember31,constructioncompletedandgoingthroughfilingformalitiesforcompletionofconstruction | 31,537 | 22,795 | 0 | 0 | 23,581 | 20,047 |
| Shenzhen | GuanlanBangling | LonghuaDistrict | Residential,commercialapartmentsandindustrial | 69.00% | 2020.10 | Underconstruction | 94.66%demolished,PhaseIIearthwork,foundationpitsupportingandpilefootingongoing | 68,300 | 433,640 | 0 | 0 | 694,150 | 345,252 |
Salesstatusofmajorprojects
| City/region | Nameofproject | Location | Usage | TheCompany’sinterest | Floorareawithplotratio（㎡） | Floorareaavailableforsale（㎡） | Cumulativepre-sold/soldfloorarea（㎡） | Floorareapre-sold/soldintheCurrentPeriod（㎡） | Pre-sale/salesrevenuegenerateintheCurrentPeriod(RMB’0,000) | Cumulativesettledfloorarea(㎡) | FloorareasettledintheCurrentPeriod（㎡） | Pre-sale/salesrevenuesettledintheCurrentPeriod(RMB’0,000) |
| Shenzhen | GoldenCollar’sResortapartments | IntersectionofFutianSouthRoadandBinheRoadinFutianDistrict | Residential,studioapartmentsandcommercial | 100% | 133,800.6 | 125,231.07 | 106,525.28 | 38,201.84 | 338,967 | 100,360.60 | 36,073.53 | 300,441.21 |
DongguanCity
| DongguanCity | SonghuLangyuan | DalangTown | Residential,commercial | 100% | 147,139.96 | 140,911 | 140,911 | 240 | 207 | 149,241.84 | 228 | 184.992 |
| YangzhouCity | HupanYujingPhaseI | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100% | 36,141.28 | 48,870.98 | 42,921.54 | 572.28 | 217.3 | 42,822.87 | 607.02 | 208.35 |
| YangzhouCity | HupanYujingPhaseII | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100% | 56,935.75 | 73,121.96 | 69,798.52 | 2,275.15 | 3,078.69 | 68,314.86 | 4,136.97 | 5,454.09 |
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% |
| DonghuApartments | Shenzhen | Apartmentsforlong-termrental | 100.00% | 8171.72 | 4506.14 | 55.14% |
| FoodCourtintheInternationalTradeCenter | Shenzhen | Commercial | 100.00% | 4049 | 2468.4 | 60.96% |
| FuminComplex | Shenzhen | Commercial,apartments | 100.00% | 6450 | 5192.23 | 80.50% |
| TowerAofWenjinduPortBuilding | LuohuDistrict,Shenzhen | Officebuilding | 75.00% | 5884 | 5753 | 97.77% |
| HaiwaiLianyiBuilding | Shenzhen | Commercialunits | 75.00% | 9313.78 | 9313.78 | 100.00% |
andoffices
| andoffices | ||||||
| AnhuaBuilding | Shenzhen | Offices | 75.00% | 1414 | 1414 | 100.00% |
| TrainingBuilding/Dormitory | Shenzhen | Residentialunits/offices/commercialunits | 75.00% | 4194 | 4194 | 100.00% |
| PengfuBuilding | Shenzhen | Offices | 75.00% | 6494 | 6494 | 100.00% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 75.00% | 1702 | 1457 | 85.61% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 100.00% | 568 | 568 | 100.00% |
| FuxingGarden | Shenzhen | Residential/commercial | 75.00% | 5787 | 5787 | 100.00% |
| FuxingGarden | Shenzhen | Commercial | 100.00% | 1417 | 1417 | 100.00% |
| PlantareainTangxiaTown,DongguanCity | DongguanCity | Plant | 75.00% | 22034 | 22034 | 100.00% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 75.00% | 3199 | 3199 | 100.00% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 15.00% | 14889 | 14718 | 98.00% |
| 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 | Apartmentsandcommercialunits | 75.00% | 2278 | 2278 | 100.00% |
| Hostel2atYuxinSchool | Shenzhen | Hostel | 75.00% | 3000 | 3000 | 100.00% |
| KaifengGardeninShangmeilin | Shenzhen | Residential | 100.00% | 1307 | 846.72 | 64.78% |
| FuyuanIndustrialZone | Shenzhen | Plantarea | 75.00% | 47130 | 47030 | 99.79% |
| TongluIndustrialZone | Shenzhen | Plantarea | 100.00% | 76886 | 74954 | 97.49% |
| GongluBuilding | Shenzhen | Commercial/offic | 75.00% | 317 | 317 | 100.00% |
es
| es | ||||||
| JianglingIndustrialZone | Shenzhen | Plantarea | 75.00% | 10397 | 10397 | 100.00% |
| Zone21 | Shenzhen | Commercial/offices | 75.00% | 9514 | 6475 | 68.06% |
| BaoliCommunity | Shenzhen | Residential | 75.00% | 9020 | 8918 | 98.87% |
| SonggangPlant | Shenzhen | Plantarea | 75.00% | 5700 | 5700 | 100.00% |
| LongbuPlant | Shenzhen | Plantarea | 75.00% | 7471 | 7471 | 100.00% |
| GongluBuildinginHuanggang | Shenzhen | Offices | 75.00% | 4600 | 4547 | 98.85% |
| 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 | 4077.96 | 46.29% |
| 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% |
Primarylanddevelopment:
□Applicable√NotapplicableFinancingchannels:
| Financingchannel | Endingbalanceoffinancings | Financingcostrange/averagefinancingcost | Maturitystructure | |||
| Within1year | 1-2years | 2-3years | Over3years | |||
| Bankloans | 3,587,800,000.00 | 4%-6% | 3,000,000.00 | 3,584,800,000.00 | ||
| Total | 3,587,800,000.00 | 4%-6% | 3,000,000.00 | 3,584,800,000.00 | ||
Developmentstrategyandoperatingplanforthecomingyear:
Underthemacro-economicenvironmentof"triplepressure"in2022andamidtheoveralldownwarddevelopmenttrendoftheconventionalrealestatemarket,SZPRDwillactivelysearchforthestrategicbreakthroughdirection,comprehensivelyconnectwiththemajorstrategicorientationofthestate-ownedassetsystemandfirmlygraspthecoreprocessesofstockassetvaluemanagementandindustrialecologicaloperationservices.Relyingontheprincipleof"expandingthemainbusinessandmakingbreakthroughs",effortswillbedoubledtodevelopfourmajorbusinesses,i.e.,industry-cityspacedevelopment,propertymanagementservices,industrialecologicaloperationandmainbusinessecosysteminvestment,andguidehigh-qualitydevelopmentwithanewdevelopmentphilosophy.Intermsoflandreserves,afterthesuccessfulbidforthetwoqualitydevelopmentlandplotsinHumenTownofDongguanandGuangmingDistrictofShenzhenin2021,theCompanywillcontinuetoactivelyexpanditslandreservesthroughmarketmethodsandcapitaloperationin2022.TheCompanywilllayemphasisonexpansiontotheGreaterBayArea,theYangtzeRiverDeltametropolitanareaandareasofexistingprojects,aswellaspaygradualattentionandextenditspresencetothecentralurbanagglomerationcenteringonWuhan,theChengdu-ChongqingregioninwesternChinaandtheBeijing-Tianjin-Hebeiregion.Urban
renewalprojectswillbelaunchedprimarilyinShenzhen,Dongguan,HuizhouandotherareasnearShenzhenandsuchprojectsinGuangzhouwillbegraduallyfollowedup.Withrespecttoprojectdevelopmentandsalesin2022,theCompanywillcontinuetostrengthenoverallcontrolofthegeneralobjective,phasedobjectives,progressscheduleandinvestmentplans.ItwillfocusonthesalesofalltheremaininghousesofTowerAoftheGoldenCollarHolidayApartmentprojectandtheYangzhouHupanYujingprojectandfullypromotetheconstructionoftheprojectsinHumenTownandGuangmingDistrictandthePhasesIandIIoftheGuanlanBanglingurbanrenewalproject.Furthermore,itwillstrivetocompletevarioustasks,suchastheprojectapprovalandspecialdeclarationoftherenewalunitplanfortheFuyuanIndustryPark,thedisposalofidlelandinBaolu,thecompletionandacceptanceofthemainbodyandfinedecorationofFuchangPhaseIIandtheseparationoftheYupinluanshanproject.Fordetails,pleasereferto"XIProspects"in“PartIIIManagementDiscussionandAnalysis"inthe2021annualreport.TheabovebusinessplanandbusinessobjectivesdonotrepresentthelistedCompany’sprofitforecastfor2022.Whetheritcanbeachieveddependsonvariousfactorsincludingchangesinmarketconditionsandtheeffortmadebythemanagementteam.Investorsmustpayspecialattentiontothatbecausethereexistshugeuncertainty.Provisionofguaranteesforhomebuyersonbankmortgages:
√Applicable□NotapplicableAsausualpracticeforrealestatedevelopers,theCompanyhasbeenprovidingguaranteesandsecuritydepositsforitshomebuyersontheirbankmortgages.Asat31December2021,securitydepositsforsuchoutstandingguaranteesamountedtoRMB1,127,757.03,whichwillbereturnedupontheexpiryoftheguarantees,i.e.whentherelevanthomebuyerspaidofftheirbankmortgages.Jointinvestmentsbydirectors,supervisorsandseniormanagementandthelistedcompany(applicableforsuchinvestmentswherethedirectors,supervisorsandseniormanagementaretheinvestmententities):
√Applicable□Notapplicable
Nameofproject
| Nameofproject | Typeofinvestmententity | Amountofinvestment(RMB’0,000) | %ofinvestmentamount | As%ofthepeakoftheprojectfunds | Cumulativeincome | Disinvestment | Compatibilityofactualinvestmentamountanddistributedincome |
| UrbanRenewalofBanglingSectionatGuanlanStreet | Mandatoryinvestmententities(includingdirectorsandseniormanagement) | 2,647.00 | 66.18% | N/A | 0 | None | N/A |
| Voluntaryinvestmententities | 1,353.00 | 33.82% | N/A | 0 | None | N/A |
Note:Sincethisisanongoingproject,thepeakoftheprojectfunds,cumulativeincomeanddisinvestmentareunknown.Fordetails,pleaserefertotherelevantannouncementsdisclosedbytheCompanyonwww.cninfo.com.cndated9November2019.IIICoreCompetitivenessAnalysis
Advantagesinbrandandculturalaccumulation:AsaShenzhenmunicipalstate-ownedenterprise,SZPRDhasundergone40yearsofdevelopmentandaccumulationandhasbeenhighlyrecognizedbythemarketforthebrandvalueandcomprehensivestrengthof"SZPRD"thatcarriesthespiritofreformandopeningupoftheShenzhenInternationalTradeCenterBuilding.SZPRDcameintobeingbecauseoftheShenzhenInternationalTradeCenterandhasrisenamidtheReformandOpeningupcampaign.EmergingandgrowingtogetherwithShenzhen,acityofmiracles,theCompanyhasbeen“aloyalpractitionerofthespiritoftheox”
andovercomedifficultiesinproposingnewservicesinthenewera.Market-orientedadvantages:Inaccordancewiththemarket-orientedpaceofasmallchangeinayearandabigchangeinthreeyears,theGroupcontinuestoinnovateinstitutionalmechanisms,deepeninternalreforms,andactivelybenchmarkwithindustrymodelsformarket-orientedoperation,whichsignificantlystimulatesthevitalityandmomentumoftheGroup'shigh-qualitydevelopment.Inrecentyears,theGuanlanBanglingprojectpioneeredthecooperationbetweenstate-ownedenterprisesandprivateenterprisesindevelopingurbanrenewalprojects,markingthefirstfullymarket-orientedurbanrenewalprojectinthehistoryoftheGroup,andtooktheleadinimplementingthefollow-oninvestmentsystemforurbanrenewalprojectsinthecity'sstate-ownedcapitalsystem.Thepropertymanagementsegment,with90%projectsoutsidetheprovinceand90%market-orientedexpansion,demonstratesthestrongcompetitivenessoftheCompany'spropertymanagementbusinessinthenationalmarket.TheCompanyhassimultaneouslyestablishedamulti-levelincentiveandrestraintmechanismincludingfollow-oninvestmentandlong-termincentives,allocatingresources,selectingtalentsandassessingrewardsandpunishmentsaccordingtothemarket-orientedapproach.Wholeindustrychainadvantage:Overtheyears,theGrouphasformedtheadvantageofthewholeindustrychaininthewholeprocessofprojectacquisition,developmentandconstruction,investmentandsales,leasingmanagementandpropertymanagement,especiallyintheareaofhigh-endparkbasicservicesandpropertymanagementqualityservices,whichhasformedobvioussegmentationadvantagesandforgedthecorecompetitiveabilityoftheCompany.City-industryintegrationadvantage:FromtheearliesturbancomplexofShenzhenInternationalTradeCenterBuilding,LuohuCommercialCity,HuanggangPortareadevelopmenttothedevelopmentandoperationoflargecity-industrycomplexprojectofGuanlanBanglingurbanrenewalproject,theGroup'sadvantagesofcity-industrycomplexdevelopmentproductshavebeenhighlighted,andwiththeimplementationofaseriesofurbanrenewalprojectsandindustrialprojects,theadvantagesofcity-industrycomplexwillbefurtherconsolidatedandenhanced.AdvantagesasaholdingsubsidiaryofaFortuneGlobal500company:ShenzhenInvestmentHoldingsCo.,Ltd.,thecontrollingshareholderoftheCompany,hasbeencommittedtobuildingaworld-leadingstate-ownedcapitalinvestmentandoperationcompanyandafinancialholdinggroup.Ithasnowdevelopedintoastate-ownedcapitalinvestmentcompanyfocusingonfintech,technologyparks,infantindustriesandhigh-endservices.ItwaslistedinFortuneGlobal500companiesin2021withanoperatingincomeofRMB214.9billionandranked396thonthelist,46placeshigherthanthatin2020.Relyingonthecontrollingshareholder'sadvantagesinthewholeindustrialchainoftechnologyparks,theCompanycarriesoutactivetransformationandupgradingandconcentratesonthedevelopmentandconstructionofindustry-citycomplexes,heraldingabroaderdevelopmentprospect.
IVCoreBusinessAnalysis
1.OverviewSeecontentsundertheheading“IIPrincipalActivityoftheCompanyintheReportingPeriod”abovein“ManagementDiscussionandAnalysis”.
2.RevenueandCostAnalysis
(1)BreakdownofOperatingRevenue
Unit:RMB
2021
| 2021 | 2020 | Change(%) | ||
| Operatingrevenue | As%oftotaloperatingrevenue | Operatingrevenue | As%oftotaloperatingrevenue | |
(%)
| (%) | (%) | ||||
| Total | 4,491,965,643.71 | 100% | 4,104,374,646.02 | 100% | 9.44% |
| Byoperatingdivision | |||||
| Propertydevelopment | 3,131,113,534.70 | 69.70% | 2,895,323,736.80 | 70.54% | 8.14% |
| Propertymanagement | 1,184,591,970.58 | 26.37% | 1,070,094,746.33 | 26.07% | 10.70% |
| Propertyrental | 176,260,138.43 | 3.92% | 138,956,162.89 | 3.39% | 26.85% |
| Byproductcategory | |||||
| Propertydevelopment | 3,131,113,534.70 | 69.70% | 2,895,323,736.80 | 70.54% | 8.14% |
| Propertymanagement | 1,184,591,970.58 | 26.37% | 1,070,094,746.33 | 26.07% | 10.70% |
| Propertyrental | 176,260,138.43 | 3.92% | 138,956,162.89 | 3.39% | 26.85% |
| Byoperatingsegment | |||||
| Shenzhen | 4,107,155,381.91 | 91.43% | 3,718,740,286.40 | 90.60% | 10.44% |
| Other | 384,810,261.80 | 8.57% | 385,634,359.62 | 9.40% | -0.21% |
| Bymarketingmodel | |||||
| Directsales | 4,491,965,643.71 | 100.00% | 4,104,374,646.02 | 100.00% | 9.44% |
(2)OperatingDivision,ProductCategory,OperatingSegmentorMarketingModelContributingover10%ofOperatingRevenueorOperatingProfit
√Applicable□Notapplicable
Unit:RMB
| Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperatingrevenue(%) | YoYchangeincostofsales(%) | YoYchangeingrossprofitmargin(%) | |
| Byoperatingdivision | ||||||
| Propertydevelopment | 3,131,113,534.70 | 432,501,558.96 | 86.19% | 8.14% | 11.40% | -0.40% |
| Propertymanagement | 1,184,591,970.58 | 967,698,196.48 | 18.31% | 10.70% | 6.07% | 3.57% |
| Byproductcategory | ||||||
| Propertydevelopment | 3,131,113,534.70 | 432,501,558.96 | 86.19% | 8.14% | 11.40% | -0.40% |
| Propertymanagement | 1,184,591,970.58 | 967,698,196.48 | 18.31% | 10.70% | 6.07% | 3.57% |
Byoperatingsegment
| Byoperatingsegment |
| Bymarketingmodel |
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable√Notapplicable
(3)WhetherRevenuefromPhysicalSalesIsHigherthanServiceRevenue
√Yes□No
| Operatingdivision | Item | Unit | 2021 | 2020 | Change(%) |
| Propertydevelopment | Salesvolume | m2 | 37,622.78 | 47,540.93 | -20.86% |
| Output | m2 | 262,098 | 262,098 | 0.00% | |
| Inventory | m2 | 35,157.25 | 76,447.91 | -54.01% |
Anyover30%YoYmovementsinthedataaboveandwhy:
√Applicable□NotapplicableTheinventorydroppedasaresultofenhancedsales.
(4)ExecutionProgressofMajorSignedSalesandPurchaseContractsintheReportingPeriod
□Applicable√Notapplicable
(5)BreakdownofCostofSales
Byoperatingdivision
Unit:RMB
| Operatingdivision | Item | 2021 | 2020 | Change(%) | ||
| Costofsales | As%oftotalcostofsales(%) | Costofsales | As%oftotalcostofsales(%) | |||
| Propertydevelopment | 432,501,558.96 | 29.01% | 388,253,086.57 | 28.00% | 11.40% | |
| Propertymanagement | 967,698,196.48 | 64.91% | 912,325,050.31 | 65.79% | 6.07% | |
| Propertyrental | 90,687,606.72 | 6.08% | 86,132,102.66 | 6.21% | 5.29% | |
Note:
N/A
(6)ChangesintheScopeofConsolidatedFinancialStatementsfortheReportingPeriod
√Yes□NoSee“VIIIChangestotheConsolidationScope”in“PartXFinancialStatements”inthisReport.
(7)MajorChangestotheBusinessScopeorProductorServiceRangeintheReportingPeriod
□Applicable√Notapplicable
(8)MajorCustomersandSuppliersMajorcustomers:
Totalsalestotopfivecustomers(RMB)
| Totalsalestotopfivecustomers(RMB) | 114,786,951.00 |
| Totalsalestotopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 3.34% |
| Totalsalestorelatedpartiesamongtopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 0.00% |
Informationabouttopfivecustomers:
| No. | Customer | SalesrevenuecontributedfortheReportingPeriod(RMB) | As%oftotalsalesrevenue(%) |
| 1 | Legalperson1 | 58,081,440.00 | 1.69% |
| 2 | NatualpersonNo.1 | 18,393,461.00 | 0.54% |
| 3 | NaturalpersonNo.2 | 18,336,856.00 | 0.54% |
| 4 | NatualpersonNo.3 | 18,280,250.00 | 0.53% |
| 5 | NaturalpersonNo.4 | 18,248,944.00 | 0.53% |
| Total | -- | 114,786,951.00 | 3.34% |
Otherinformationaboutmajorcustomers:
□Applicable√NotapplicableMajorsuppliers:
| Totalpurchasesfromtopfivesuppliers(RMB) | 95,045,900.12 |
| Totalpurchasesfromtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 27.83% |
| Totalpurchasesfromrelatedpartiesamongtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 0.00% |
Informationabouttopfivesuppliers:
| No. | Supplier | PurchaseintheReportingPeriod(RMB) | As%oftotalpurchases(%) |
| 1 | LegalpersonNo.1 | 25,529,431.41 | 7.47% |
| 2 | LegalpersonNo.2 | 24,877,379.70 | 7.28% |
| 3 | LegalpersonNo.3 | 18,390,089.01 | 5.38% |
| 4 | LegalpersonNo.4 | 16,950,000.00 | 4.96% |
| 5 | LegalpersonNo.5 | 9,299,000.00 | 2.72% |
| Total | -- | 95,045,900.12 | 27.83% |
Otherinformationaboutmajorsuppliers:
□Applicable√Notapplicable
3.Expense
Unit:RMB
| 2021 | 2020 | Change(%) | Reasonforanysignificantchange | |
| Sellingexpenses | 73,350,782.18 | 44,753,247.18 | 63.90% | Increaseincommissionspaidforsalesagentsandadvertisingexpenditure |
| Administrativeexpenses | 263,700,171.29 | 238,625,143.31 | 10.51% | Increaseinremunerationsandadministrativeandgeneralexpenses |
| Financecosts | 5,660,573.76 | 111,263,558.80 | -94.91% | Decreaseinexpensedinterestexpenditure |
| R&Dexpenses | 2,171,797.80 | 0.00 | NewbusinessarisingfromtheacquisitionofFMCintheyear |
4.R&DInvestments
√Applicable□Notapplicable
| MajorR&Dprogram | Purpose | Progress | Objectives | ExpectedimpactontheCompany |
| SSSintelligentmonitoringsystem | Toprovideapropertyservicesupervisionplatformforcustomers | Delivered | Intelligenttransformationofmonitoringequipment | Providinganewproductlineforthepropertymanagementbusinessfromcustomers’perspective,layingafoundationformoremarkets |
DetailsaboutR&Dpersonnel:
| 2021 | 2020 | Change(%) | |
| NumberofR&Dpersonnel | 30 | 0 | |
| R&Dpersonnelas%oftotalemployees | 0.04% | 0.00% | |
| Educationalbackground | —— | —— | —— |
| Bachelor’sdegree | 11 | 0 | |
| Juniorcollege | 19 | 0 | |
| Agestructure | —— | —— | —— |
Below30
| Below30 | 9 | 0 |
| 30~40 | 9 | 0 |
| Over40 | 12 | 0 |
DetailsaboutR&Dinvestments:
| 2021 | 2020 | Change(%) | |
| R&Dinvestments(RMB) | 2,171,797.80 | 0.00 | |
| R&Dinvestmentsas%ofoperatingrevenue | 0.05% | 0.00% | |
| CapitalizedR&Dinvestments(RMB) | 0.00 | 0.00 | |
| CapitalizedR&Dinvestmentsas%oftotalR&Dinvestments | 0.00% | 0.00% |
ReasonforanysignificantchangetothecompositionofR&Dpersonnelandimpact:
□Applicable√NotapplicableReasonsforanysignificantYoYchangeinthepercentageofR&Dinvestmentsinoperatingrevenue:
□Applicable√NotapplicableReasonforanysharpvariationinthepercentageofcapitalizedR&Dinvestmentsandrationale:
□Applicable√Notapplicable
5.CashFlows
Unit:RMB
| Item | 2021 | 2020 | Change(%) |
| Subtotalofcashgeneratedfromoperatingactivities | 5,708,582,727.94 | 4,809,961,005.82 | 18.68% |
| Subtotalofcashusedinoperatingactivities | 7,521,895,736.52 | 4,424,463,223.70 | 70.01% |
| Netcashgeneratedfrom/usedinoperatingactivities | -1,813,313,008.58 | 385,497,782.12 | -570.38% |
| Subtotalofcashgeneratedfrominvestingactivities | 30,506.93 | 136,131.48 | -77.59% |
| Subtotalofcashusedininvestingactivities | 69,599,800.41 | 48,482,853.70 | 43.56% |
| Netcashgeneratedfrom/usedininvestingactivities | -69,569,293.48 | -48,346,722.22 | 43.90% |
Subtotalofcashgeneratedfromfinancingactivities
| Subtotalofcashgeneratedfromfinancingactivities | 140,000.00 | 2,176,820,000.00 | -99.99% |
| Subtotalofcashusedinfinancingactivities | 485,178,611.80 | 1,627,885,573.80 | -70.20% |
| Netcashgeneratedfrom/usedinfinancingactivities | -485,038,611.80 | 548,934,426.20 | -188.36% |
| Netincreaseincashandcashequivalents | -2,369,407,942.48 | 882,809,678.36 | -368.39% |
Explanationofwhyanyofthedataabovevariessignificantly:
√Applicable□Notapplicable?Netcashgeneratedfromoperatingactivitiesdecreasedyearonyear,primarilydrivenbyasignificantincreaseinlandbankexpenditureintheReportingPeriod.
②Netcashgeneratedfrominvestingactivitiesdecreasedyearonyear,primarilydrivenbyanincreaseinpaymentsfortheacquisitionofequityinvestmentsintheReportingPeriod.
③Netcashgeneratedfromfinancingactivitiesdecreasedyearonyear,primarilydrivenbynonewbankborrowingsintheReportingPeriod.ReasonforanybigdifferencebetweenthenetoperatingcashflowandthenetprofitforthisReportingPeriod
√Applicable□NotapplicableFortheReportingPeriod,netcashgeneratedfromoperatingactivitiesstoodatRMB-1,813,313,008.58,representingabigdifferencefromthenetprofitofRMB986,758,701.05,primarilydrivenbyasignificantincreaseinlandbankexpenditureintheReportingPeriod.VAnalysisofNon-CoreBusinesses
√Applicable□Notapplicable
Unit:RMB
| Amount | As%oftotalprofit | Mainsource/reason | Recurrentornot | |
| Returnoninvestment | 4,650,460.58 | 0.35% | Shareofprofitsofjointventures | Yes |
| Assetimpairments | 23,120.82 | 0.00% | Inventoryvaluationallowances | Not |
| Non-operatingincome | 9,411,411.47 | 0.72% | Compensationfordemolition | Not |
| Non-operatingexpense | 6,547,898.88 | 0.50% | Paymentsforliquidateddamagesandfines | Not |
| Creditimpairmentloss | -29,082,610.26 | -2.21% | Allowancesfordoubtfulaccounts | Not |
VIAnalysisofAssetsandLiabilities
1.SignificantChangesinAssetComposition
Unit:RMB
31December2021
| 31December2021 | 1January2021 | Changeinpercentage(%) | Reasonforanysignificantchange | |||
| Amount | As%oftotalassets | Amount | As%oftotalassets | |||
| Monetaryassets | 2,171,826,176.21 | 14.89% | 4,206,266,629.32 | 34.35% | -19.46% | Significantlyincreasedpaymentforland |
| Accountsreceivable | 271,529,528.64 | 1.86% | 187,697,631.47 | 1.53% | 0.33% | Morecustomersfailedtopayintimeinthepropertymanagementbusiness |
| Contractassets | 0.00% | 0.00% | 0.00% | |||
| Inventories | 9,123,926,016.15 | 62.57% | 5,312,489,258.20 | 43.38% | 19.19% | Increasedlandbank |
| Investmentproperty | 449,653,849.48 | 3.08% | 484,738,506.83 | 3.96% | -0.88% | |
| Long-termequityinvestments | 50,360,681.37 | 0.35% | 45,710,220.79 | 0.37% | -0.02% | |
| Fixedassets | 108,161,443.02 | 0.74% | 116,233,936.04 | 0.95% | -0.21% | |
| Right-of-useassets | 71,472,680.73 | 0.49% | 39,209,648.76 | 0.32% | 0.17% | Increasedcontractamountwithrespecttoover-1-yearleaseswiththeCompanyasthelessee |
| Short-termborrowings | 0.00% | |||||
| Contractliabilities | 1,371,850,725.60 | 9.41% | 666,893,629.72 | 5.45% | 3.96% | Increasedpre-saleinflowsfromresidentialunits |
| Long-termborrowings | 3,524,500,000.00 | 24.17% | 3,587,800,000.00 | 29.30% | -5.13% | Repaymentofsomeborrowings |
| Leaseliabilities | 83,081,182.89 | 0.57% | 29,410,564.00 | 0.24% | 0.33% | |
| Otherreceivables | 826,857,046.54 | 5.67% | 789,050,350.51 | 6.44% | -0.77% | Increasedpaymentsforsecuritydepositsforcooperationandadvancepaymentsforotherentities |
| Deferredincometaxassets | 1,279,710,969.39 | 8.78% | 950,681,245.50 | 7.76% | 1.02% | IncreaseindeductiblelossesandlandVATprovisions |
| Accountspayable | 337,126,528.68 | 2.31% | 468,269,685.65 | 3.82% | -1.51% | Increasedpaymentsfor |
engineering
| engineering | ||||||
| Othernon-currentliabilities | 113,540,088.37 | 0.78% | 108,778,327.45 | 0.89% | -0.11% |
Indicatewhetheroverseasassetsaccountforahigherproportionoftotalassets.
□Applicable√Notapplicable
2.AssetsandLiabilitiesatFairValue
√Applicable□Notapplicable
Unit:RMB
| Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
| Financialassets | ||||||||
| 4.Investmentsinotherequityinstruments | 1,044,905.12 | -28,670.35 | -13,682.82 | 1,002,551.95 | ||||
| Subtotaloffinancialassets | 1,044,905.12 | -28,670.35 | -13,682.82 | 1,002,551.95 | ||||
| Totaloftheabove | 1,044,905.12 | -28,670.35 | -13,682.82 | 1,002,551.95 | ||||
| Financialliabilities | 0.00 | 0.00 |
Contentsofotherchanges:
Otherchangeswereresultedfromexchangeratemovements.SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes√No
3.RestrictedAssetRightsasatthePeriod-End
Unit:RMB
| Item | Endingcarryingvalue | Reasonforrestriction |
| Monetaryassets | 373,079,206.86 | [Note1]-[Note9] |
| LanduserightsatFuminNewVillage,FutianDistrict,Shenzhen | 542,507,314.43 | [Note10] |
| Total | 915,586,521.29 |
[Note1]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasabankguaranteeofRMB366,477,454.26
issuedbytheCompanyin2021forthesupervisionoftheimplementationentityoftheurbanrenewalunitprojectPhaseIIinBanglingArea,GuanlanStreet,LonghuaDistrictofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.,ofwhichtheprincipalwasRMB365,765,440.00andtheinterestwasRMB712,014.26.[Note2]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanescrowdepositofRMB44,690.02inthecateringbranchofthesubsidiarycompanyShandongShenguomaoRealEstateManagementCo.,Ltd.[Note3]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanadvancepaymentguaranteeofRMB919,255.00issuedbythesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.inDecember2021fortheupgradingandreconstructionofthesmartparkofShenzhenBayEco-TechnologyParkandthesoftwareplatformdevelopmentcontract.[Note4]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00inthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.blockedbythecourtduetopre-litigationpreservationforcontractdisputes.[Note5]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloandepositofRMB1,127,757.03providedasmortgageloanguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.Fordetails,pleaserefertoXII,iii.[Note6]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB1,335,873.47ofinterestonunexpiredtermdepositsaccruedattheperiod-end.[Note7]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB43,388.89ofinterestonlarge-denominationCDs(morethanoneyear).[Note8]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB130,780.56intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.[Note9]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasarestrictedfundofRMB7.63intheblockedaccountofthesubsidiarycompanyShenzhenHuazhengpengPropertyManagementCo.,Ltd.[Note10]Duetotheneedsofdailybusinessactivities,theCompanyappliedforaloanfromBankofCommunicationsCo.,Ltd.ShenzhenBranchandmortgagedthelanduserightofFuminNewVillage,FutianDistrict.TheloanhasadurationfromNovember27,2020toNovember27,2023andappliesfloatinginterestrates,withthefirstexecutioninterestratebeing4.655%.
VIIInvestmentsMade
1.TotalInvestmentAmount
□Applicable√Notapplicable
2.MajorEquityInvestmentsMadeintheReportingPeriod
√Applicable□Notapplicable
Unit:RMB
Nameofinvesteecorporatio
n
| Nameofinvesteecorporation | Mainbusinesses | Investmentmethod | Investedamount | Shareholdingpercentage(%) | Sourceoffund | Partners | Investmentduration | Producttype | Statusasatthebalancesheetdate | Predictedreturn | Investmentreturninthecurrentperiod | Whetherinvolvedinanylegalactions | Dateofdisclosure(ifany) | Disclosureindex(ifany) |
| ShenzhenPropertyManagementCo., | Propertymanagement | Acquisition | 196,676,700.00 | 100% | Equityfund | ShenZhenSpecialEconomi | Long-term | Equityintere | Nottransferredyet | 196,676,700.00 | 0 | No | December24,2021 | Fordetails,seetheAnnouncementontheProgress |
Ltd.
| Ltd. | services | cZoneRealEstate&Properties(Group)Co.,Ltd.andShenzhenSPGInvestmentCo.,Ltd. | st | oftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinShenzhenPropertyManagementCo.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2021-50). | ||||||||||
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | Propertymanagementservices | Acquisition | 20,898,800.00 | 100% | Equityfund | ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Long-term | Equityinterest | Nottransferredyet | 20,898,800.00 | 0 | No | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinShenzhenForeignTradePropertyManagementCo.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2021-51). | |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | Propertymanagementservices | Acquisition | 59,942,200.00 | 100% | Equityfund | ShenzhenShenfubao(Group)Co.,Ltd. | Long-term | Equityinterest | Nottransferredyet | 59,942,200.00 | 0 | No | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2021-52). | |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Buildingprojectconstruction,municipalprojectconstruction,dailyoperationandmaintenanceofmunicipalpublicfacilities,roadcleaning,etc. | Acquisition | 21,729,700.00 | 100% | Equityfund | Long-term | Equityinterest | Nottransferredyet | 21,729,700.00 | 0 | No | |||
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Propertysecurityandenterpriseinternalsecurity | Acquisition | 3,780,500.00 | 100% | Equityfund | Long-term | Equityinterest | Nottransferredyet | 3,780,500.00 | 0 | No | |||
| Total | -- | -- | 303,027,900.00 | -- | -- | -- | -- | -- | -- | 303,027,900.00 | 0 | -- | -- | -- |
3.MajorNon-EquityInvestmentsOngoingintheReportingPeriod
□Applicable√Notapplicable
4.FinancialInvestments
(1)SecuritiesInvestments
√Applicable□Notapplicable
Unit:RMB
Varietyofsecurity
| 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 | 0.00 | -28,670.35 | 0.00 | 0.00 | -13,682.82 | 1,002,551.95 | Investmentsinotherequityinstruments | ObtainedinGintian’sdebtrestructuring |
| Total | 3,565,856.06 | -- | 1,044,905.12 | 0.00 | -28,670.35 | 0.00 | 0.00 | -13,682.82 | 1,002,551.95 | -- | -- | ||
| DisclosuredateofannouncementonBoard’sconsentforsecuritiesinvestment | |||||||||||||
| Disclosuredateofannouncementonshareholders’meeting’sconsentforsecuritiesinvestment(ifany) | |||||||||||||
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
5.UseofFundsRaised
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
VIIISaleofMajorAssetsandEquityInterests
1.SaleofMajorAssets
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.SaleofMajorEquityInterests
□Applicable√NotapplicableIXMajorSubsidiaries
√Applicable□NotapplicableMajorfully/majority-ownedsubsidiariesandthoseminority-ownedsubsidiarieswithanover10%effectontheCompany’snetprofit:
Unit:RMB
Name
| Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
| ShenzhenHuangchengRealEstateCo.,Ltd. | Subsidiary | Developmentandsalesofrealestate | 30,000,000.00 | 6,945,754,199.27 | 2,503,280,765.45 | 3,025,968,987.91 | 1,215,970,407.92 | 911,272,030.61 |
SubsidiariesobtainedordisposedintheReportingPeriod:
√Applicable□Notapplicable
| Subsidiary | HowsubsidiarywasobtainedordisposedintheReportingPeriod | Effectsonoveralloperationsandoperatingperformance |
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | Acquired | RevenueforSeptember-December:RMB10.40millionNetprofitfortheyear:RMB4.21million |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Newlyestablished | Revenue:RMB5.79millionNetprofitfortheyear:RMB0.42million |
| ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd. | Newlyestablished | Revenue:0Netprofitfortheyear:RMB-3,000 |
| DongguanWuheRealEstateCo.,Ltd. | Newlyestablished | Revenue:0Netprofitfortheyear:RMB-0.25million |
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | Newlyestablished | Revenue:0Netprofitfortheyear:0 |
XiamenShenguomaoIndustrialCitySmartServiceCo.,Ltd.
| XiamenShenguomaoIndustrialCitySmartServiceCo.,Ltd. | Newlyestablished | Revenue:0Netprofitfortheyear:0 |
Notestotheprincipalsubsidiariesandjointstockcompanies:
XStructuredBodiesControlledbytheCompany
□Applicable√Notapplicable
XIProspects
(I)IndustryOverviewandTrendsSee“IIndustryOverviewfortheReportingPeriod”in“PartIIIManagementDiscussionandAnalysis”.(II)TheCompany’sDevelopmentStrategyAsthetraditionalrealestatemarket’sdevelopmentdeclinesonthewhole,variousindustrialresourceshavebeencontinuouslyoccupiedbythelarge-scalebrandhouses,whichhasthreatenedthesurvivalanddevelopmentofmediumandsmall-sizedpropertycompanies.“Large-scaleEnterprisesTakingAllAdvantages”hasbecomenormalintheindustry,andthepositioningof“Housesareforlivingin,notforspeculatingon”hasalreadybeenestablished.Inthiscase,ShenzhenProperties&ResourcesDevelopment(Group)Ltd.specializedinthetraditionalrealestatewillbeconfrontedwiththeextremelysevereindustrialsituation.Inthiscontext,theCompanyputforwardthe“12345”overalldevelopmentideaof“1Vision+2MajorDivisions+3DrivingFactors+4Businesses+5Value-addedServices”.Inotherwords,theCompanywilltakeeffectivemeasureswiththefocuson“industrialandurbanspaceassetmanagement”and“spacedigitalecosystemoperation”todevelopfourmajorbusinessesincludingindustrialandurbanspacedevelopment,industrialecologicaloperation,propertymanagementservices,andmainecologicalinvestmentthroughexpandingthemainbusinessandmakingbreakthroughs.Meanwhile,theCompanywillrealizerapiddeploymentandintegrationoffivemajorvalue-addedservicesincludinghigh-endconsultingservices,customizedhousekeeperservices,intelligentoperationplatform,datatappingandcommercialecosystemintegration.BaseonShenzhenwithscientificandtechnologicalinnovationastheprimarydrivingforce,theCompanywillincludeGuangdong,HongKongandMacaometropolitanareaandsurroundingareastomaximizetheleverageofcapitaltobuildadoortypeintelligentmanagementandcontrolserviceplatformwithsmartsocietybasicfunctions,aimingtobuild“China’sleadingintelligentoperatorofindustrialandurbanspace”.Inaccordancewiththree-stepstrategicimplementationrouteof“strengtheningbases,brinkbreakthrough,andfocusonleading”,theCompanywillseektransformationandupgradinginthedevelopmentbaseonthecurrentdevelopmentconditions,andpromoteincrementaldevelopmentinthetransformationtobuilduniquedevelopmentadvantagesandcreateanewpatternofinnovationanddevelopmentoftheCompany.(III)Businessplanfor2022In2021,themanagementteamoftheGroupconscientiouslyimplementedthedecisionsandarrangementsoftheBoardofDirectorsandthePartyCommitteeandcarriedoutworkaroundkeytasks.TheGroupsetsuccessiverecordhighsinrevenue,profitandotherleadingeconomicindicatorsandmadeoutstandingachievementsinmajorbusinesssegments.Intermsoflandresourceacquisition,twolandplotsinHumenTown,DongguanandYutangStreet,GuangmingDistrictweresuccessfullyacquiredthroughscientific,elaboratebiddingplansandstrategies.Intermsofprojectadvancement,thephasedobjectivesfortheBangling,GoldenCollarHolidayandFuchangPhaseIIprojectswereaccomplished.Intermsofcapitaloperation,thepropertymanagementresourcesoffiveenterpriseswereintegratedintoITCPropertyManagementandFMCwasacquiredbymeansofinnovatingonthetradingframeworkandbreakingthroughthebottleneck.Collectively,asthepoliciesandmechanismsoftheGroupbecomemoreflexible,theenthusiasmofcadresandemployeesforplanningandentrepreneurshiphasbeenenhanced.Throughouttheyear,theGroupdidnotsufferanymaterialsafetyincidentsormaterialriskstabilitymaintenanceeventsandachievedremarkableresultsinCOVID-19
control,showingapositiveandpromisingopening.2022marksthesecondyearofthe"14thFive-yearPlan"periodandthefinalyearofthethree-yearactionplanforthereformofstate-ownedenterprises,aswellasthe40thanniversaryoftheCompany'sfoundingandthe30thanniversaryoftheCompany'slisting.TheGroupwilladheretothegeneralworkguidelineof"seekingimprovementinstability"andimplementthegeneralprincipleof"acceleration,amplification,empowermentandeffectiveness".Withafocusontheannualprioritytasks,theGroupwillsparenoeffortinfourworkpriorities,i.e.,projectacceleration,capitalamplification,platformempowermentandindicatoreffectiveness,andresolutelyovercomeanumberofdifficulties,painpointsandobstaclesaffectingtheadvancementofmajorprojects.Besides,theGroup'sdevelopmentwillbeguidedtowardabenigntrackwherebusinesssegmentsandprojectsmoveforwardtogetherandcompetefordevelopment.TheGroupwillcontinuetobeapioneerinenterprisereformanddevelopment,comprehensivelyaccomplishtheannualtasksandobjectivesandmakenewcontributionstotheGroup'shigh-qualitysustainabledevelopmentandthevisionofbuildingChina'sleadingsmartoperatorofindustry-cityspace.First,theGroupwillcreateconditionsonthebasisofthecurrentresourceendowmentandbusinesslevelandstrivetoaccomplishtheleadingannualindicatorsaccordingtotheplan.Budgettargetssuchasannualrevenueandtotalprofitwillbeachieved.Regardingthesaleswork,theprincipleof"earlyplanning,earlyarrangementsandearlysalespaymentcollection"willbefollowedtoachievethesalestargetforGoldenCollarHolidayApartmentTowerA,theliquidationoflandappreciationtaxfortheXuzhouBanshanYujingproject,andtheadmissionofpartnerstoandrevenuecarryforwardofPhaseII.Second,theGroupwillseekinnovativeworkingconcepts,strengthennodemanagementandachievetheoverallaccelerationofprojectsunderconstruction.Schedulecontrolwillbeintensified,responsibilitieswillbefulfilledandimprovementswillbemadeinthecapabilityofcommandingandcontrollingprojectsandtheoperatingefficiency.Thefollowingworkneedstobedonefornewlystartedprojectsinaforward-lookingmanner,includingschemedesign,constructiondrawingdesign,thedeterminationofcosttargetsatvariousphasesandtheimplementationofbiddingandtenderingplans.Suchworkwillbematchedseamlesslywiththephasedplansandwillbecarriedoutaheadofschedulemoderately,toensurethateachprojectisimplementedwithbothqualityandquantityguaranteedinstrictaccordancewiththephasedplans.Additionally,thepaceoftheFuchangPhaseIIprojectwillbeadvancedinanorderlymanner.TheconstructionprogressoftheprojectsinHumenTown,DongguanandYutangStreet,GuangmingDistrictwillbevigorouslypushedforward.Continuouseffortswillbeputintopromotingprioritywork,suchastheconfirmationoflandrightsfortheHuiyangDanshuiprojectandtheestablishmentofprojectcompanies.Aseriesofworkwillbecompleted,includingtheseparationandsalespaymentcollectionoftheYupinluanshanproject,thedisposalofidlelandoftheBaoluproject,thescopingoftherenewalunitfortheFuyuanIndustryParkprojectandtheplannedapprovaloftheTianjunPingshanproject.Third,theGroupwillcontinuetostrengthenthebuildingofindependentoperatingcapacityofsecondaryplatformcompanies,thedevelopmentofplatformfunctionsandtheplayingofrolesandsticktothedevelopmentpatternofrealestateasthemainbusiness.Astandardizedmodelofthewholeprocessofrealestateprojectdevelopmentwillbebuilt.Theresultsofrealestateworkconferenceswillbeimplemented,aswellastheimprovementplansof"3+1"forprojectmanagementand"1+5"forcostmanagement.Continuouseffortswillbemadetoimprovetheprojectdevelopmentmanagementsystemandachievethecomplementation,synergyandcoordinationamongthebusinesslinesintheGroup'sprojectdesign,construction,biddingandtenderingandmarketing.Inaddition,theGroupwillcompareitsprojectswithbenchmarkingprojectsoftheindustrytoenhancethemanagementlevelandbuildanefficient,standardizedmodelofthewholeprocessofrealestateprojectdevelopmenttoguaranteetheefficientandstableoperationofprojectsduringthewholelifecycle.Withrespecttothepropertymanagementsegment,thehigh-qualityexpansionwillbespedupandvariousstepswillbetakentoenhancetheinternalmanagementlevel.Accordingtotheannualtarget,externalM&Asandendogenousexpansionwillbestrengthenedandtheintegrationofpropertymanagementassetsinthesystemwillcontinuetobepromoted,inabidtoachievethetargetofadding10millionsquaremetersofmanagementscalethroughM&Aswithintheyear.Furthermore,theopportunityfrominspectionandremediationwillbeusedforcomprehensiveremediationandthebuildingofaservicestandardizationsystemwillbedeepenedsothatitwillmatchthestrategicpositioningofthesystem'spropertymanagementplatformassoonaspossible.Thefocuswillbeplacedonimprovingthequalityandefficiencyofstockassetsandtransformationandupgradingwillbeaccelerated.Thegrowthofannualrentalincomeshallnotbelessthan
10%andtheaverageoccupancyrateshallnotbelessthan95%.Withtheestablishmentofanindicatorsystemforqualityandefficiencyimprovementassessmentofstockpropertiesandanincentiveandrestraintmechanism,theformattransformationandupgradingofoldpropertieswillbepromotedandthestockassetmanagementwillchangefrom"passivelease"to"activeoperation".Besides,thequalityandefficiencyimprovementoftheITCshoppingmallandplazaPhaseIIprojectwillbestarted.Fourth,theGroupwilladheretotheParty'soverallleadership,promotethedecentralizationofbusinessfocus,thedownwardshiftofmanagementprioritiesandthepenetrationofmanagementcapabilities.TheGroupwillcontinuetoconsolidatethePartybuilding,strengthenthebuildingofgrass-rootsPartyorganizationsandPartymembers,givefullplaytotheParty'spoliticalleadershiptofacilitateoperationanddevelopmentandcarryoutcharacteristicthemePartybuildingandcorporateculturepublicityandcreationactivitiesinduetime.IntermsofinternalinspectionsoftheGroup'sPartyCommittee,thethirdroundofinspectionswillbeorganized,thereviewofthefirstandsecondroundsofinspectionswillbecarriedoutandthebigsupervisionsystemwillbepushedtoextendtosecondaryandtertiaryenterprises.Financialmanagementwillaimatimprovingtheefficiencyandeffectivenessofresourceutilization.Thecorrespondingmeasuresincludeoptimizingresourceallocation,tighteningbudgetcontrolandassessment,strengtheningindustry-financeintegration,financialanalysisandtaxplanningandraisingfundsthroughmultiplechannels.Theestablishmentofanall-around,multi-levelincentiveandrestraintmechanisminvolvingnodeawardsandincrementalsharingwillcontinuetobepromoted,withsecondaryandtertiarycompaniescoveredbythemechanism.Theintroduction,cultivation,employment,educationandrestraintofcadreswillbeintensifiedandatalentselectionandemploymentorientationofpromotingthecapable,awardingtheexcellent,demotingthemediocreanddismissingtheinferiorwillbeformed.Administrativeworkwillbepusheddownward,thebasicmanagementlevelofsecondaryplatformcompaniesandtertiaryunitswillbeenhancedsignificantlyintheformofresidentsupervision,andtheGroup'sdigitaltransformationplanningwillbepreparedandimplemented.TheGroup'sindustrialoperationplatformof"industry-university-research-application"willbebuilt,theindustrialoperationsystemwillbeimprovedgraduallyandtheinvestmentattractioncapabilityandlevelwillbeenhanced.Fifth,theGroupwillbealwaysvigilantaboutproductionsafety,complaintlettersandvisitsandstabilitymaintenance.Thespecificmeasuresincludestrengtheningriskcontrol,safeguardingthebottomlineofsafeproduction,keepingproductionsafetyinastablesituation,deepeningthebuildingofsafeproductionstandardizationandthe"dualpreventionmechanism",andintensifyingregularproductionsafetyinspections.Inaddition,hiddenriskswillbecollatedregularly,listmanagementwillbeimplementedforriskpointsinkeyareasandkeyprocesses,andremediationwillbestrictlycarriedout,toensurethatnoproductionsafetyaccidentoccursthroughouttheyear.Moreover,theGroupwillstrengthenthedynamicfollow-upandimplementationofmaterialrisks,keepaclosewatchonwagesformigrantworkersandlaborcontractdisputes,makeoverallplanningforCOVID-19control,productionandoperation,maintainastrictandtightpreventionandcontrolposture,andresolutelysafeguardstabilityandunity.(IV)Potentialrisks
1.MarketriskUndertheguidanceofthepolicythat"housesareforlivingin,notforspeculatingon",thedemandsideoftherealestatemarketremainsinthedownwardchannelandthecentralgovernmentstillimposesstringentfinancialregulationovertherealestatemarket.Consequently,thedevelopmentspaceofthepropertyindustryhasbeenconstantlycompressed,industryprofitshavefallensharplyandtherehasbeenashiftfromlanddividendstomanagementdividends.Inparticular,itposesunprecedentedchallengestobusinesscapabilitiessuchascostdesignandengineering.TheadvancementofurbanrenewalprojectsisconfrontedwithcomplicatedconditionsandformidableobstaclesandtheCompany'sbusinessanddevelopmentfaceopportunitiesandchallenges.Undergrimcircumstances,theCompanythoroughlystudiedtheopportunitiesandchallengesbroughtaboutbymacroeconomictrendsandpolicymovements,activelysoughtthestrategicbreakthroughdirectionandadheredtoprudentoperation.Additionally,itraisedfundsfrommultiplechannels,focusedonenhancingthemanagementlevelandseizedopportunitiesinthelandmarket.BasedinShenzhen,theCompanyaimstoextenditspresencetotheGuangdong-HongKong-Macaometropolitanareaandsurroundingareasandstrivestoimproveitssustainabledevelopmentcapabilities.
2.LandReserveRiskAsamatteroffact,theCompanystilllacksenoughlandreservesanddevelopmentpoweratlaterstages.Inrecentyears,thesupply
ofresidentiallandonShenzhenMarkethascontinuouslydeclined.Variouslarge-scalerealestateenterpriseshaveenlargedtheirmarketsharesandacceleratedtheirM&Apace.Whiletherealestateindustryiscentralizing,thedegreeofcentralizationofthelandreservescalehasalsobeenenhanced.Astheexternalenvironmentandtheindustry’strendbecomemuchmorecomplicatedandsevere,theincrementmarketscalewillfurthershrinkandthemarketcompetitionwillbecomeincreasinglyfierce.Facingthechallenges,theCompanywillcontinuetoexpandthroughmarketcompetition,capitaloperationandurbanrenewal,increaselandreservesandpromotethelaunchofprojects.Inrespecttopropertytype,residentialprojectswillfocusonGuangdong-HongKong-MacaoGreaterBayArea,YangtzeRiverDeltametropolitanareaandareaswhereexistingprojectslocate,andgraduallyturntocentralurbanagglomerationsurroundingWuhan,keycitiesinChengdu-ChongqingintheWestandthoseinBeijing,TianjinandHebei.UrbanrenewalprojectswillfocusonShenzhen,DongguanandHuizhou,andfollow-upofurbanrenewalprojectsinGuangzhou.ComprehensiveindustryandurbanprojectswillfocusonGuangdong-HongKong-MacaoGreaterBayArea,YangtzeRiverDeltaregion,WuhanregioninthecentralpartandChengdu-ChongqingareaintheWest.
3.FinancingRiskInordertoeffectivelypreventfinancialriskintherealestatesector,asthecentralgovernmenttightenedfinancialsupervisionoverrealestateandimplementedthe“threeredlines”,financingofrealestateenterprisesarefurtherrestricted.Intheprocessofactivelyincreasinglandreservesandacceleratingthebusinessdevelopment,theCompanyneedstoinvestalargeamountoffundsforlandacquisitionandprojectdevelopment.Inadditiontoitsownfunds,theCompany’sprojectdevelopmentfundsneedtobeexternallyfinancedthroughbankloansandissuingsecurities.Currently,theCompanyhassteadyfinancialsituation,sufficientcashflowandgoodcreditcondition,andwillfurtherstrictlycontrolfinancialrisks,activelyexplorevariousfinancingchannelssoastoraisefundsforprojectdevelopmentinthefuture.
4.PandemicriskDuetotheimpactoftheCOVID-19pandemic,manycitiesissuedthenoticeof"operationsuspended",whichexplicitlyprohibitedsalesofficesandintermediarystorestocontinuebusinesses,andShenzhenwasalsogreatlyaffectedinearly2022.ThepandemicnotonlybroughtimpactsontheCompany'srealestateprojects,especiallyontheinvestment,constructionprogress,financingenvironmentandpaceofsalesofprojectsinShenzhen-adjacentareasbutalsocausedpressuretotheCompany'ssubsequentwithdrawaloffunds.TheabovebusinessplanandbusinessobjectivesdonotrepresentthelistedCompany’sprofitforecastfor2022.Whetheritcanbeachieveddependsonvariousfactorsincludingchangesinmarketconditionsandtheeffortmadebythemanagementteam.Investorsmustpayspecialattentiontothatbecausethereexistshugeuncertainty.XIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsduringtheReportingPeriod
√Applicable□Notapplicable
Dateofvisit
| Dateofvisit | Placeofvisit | Wayofvisit | Typeofvisitor | Visitor | Contentsandmaterialsprovided | Indextorelevantinformation |
| 2021-01-07 | TheCompany | Other | Individual | Individual | Pointingoutproblemsonpropertymanagementprojects | N/A |
| 2021-01-10 | TheCompany | Other | Individual | Individual | Inquiryaboutfinancingarrangementsandplans | N/A |
| 2021-01-13 | TheCompany | Other | Individual | Individual | InquiryabouttheGuanlanBanglingurbanrenewalproject | N/A |
| 2021-01-14 | The | Other | Individual | Individual | Inquiryaboutlandreserves | N/A |
Company
| Company | ||||||
| 2021-01-23 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sdividends | N/A |
| 2021-01-26 | TheCompany | Other | Individual | Individual | Inquiryaboutthecauseofthesharpincreaseintaxexpenditure | N/A |
| 2021-01-27 | TheCompany | Other | Individual | Individual | Inquiryaboutthedisclosuretimeofthe2020annualreport | N/A |
| 2021-02-02 | TheCompany | Other | Individual | Individual | InquiryabouttheaveragelandacquisitionpriceoftheCompany | N/A |
| 2021-02-07 | TheCompany | Other | Individual | Individual | SuggestionsfortheCompany'sdisposaloftheBShare | N/A |
| 2021-03-15 | TheCompany | Other | Individual | Individual | InquiryaboutwhethertheCompanyadoptedsuchemploymentmethodsaslabordispatchoroutsourcing | N/A |
| 2021-03-20 | TheCompany | Other | Individual | Individual | InquiryaboutthedisclosuretimeoftheCompany'sQ1resultsforecast | N/A |
| 2021-03-22 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'srelevantbusinesslayout | N/A |
| 2021-03-24 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'slayoutofurbanrenewalprojects | N/A |
| 2021-04-01 | TheCompany | One-on-onemeeting | Institution | InstitutionalinvestorsincludingChinaIndustrialSecurities,WanjiaAssetManagement,MingyaFund,etc. | InquiryabouttheCompany's2020annualreport,developmentofbusinesssegmentsandfutureplanning | SeeInvestorRelationsActivitiesLogSheetNo.2021-01disclosedbytheCompanyonhttp://www.cninfo.com.cndated1April2021 |
| 2021-04-01 | TheCompany | Other | Individual | Individual | Inquiryaboutthereasonwhytheprofitorlossattributabletominorityshareholderswasnegative | N/A |
| 2021-04-01 | TheCompany | Other | Individual | Individual | Inquiryaboutthecauseofthedecreaseinoperatingcashflows | N/A |
| 2021-04-03 | TheCompany | Other | Individual | Individual | InquiryabouttheconstructionprogressoftheInternationalTradeCenterBuildingproject | N/A |
2021-04-11
| 2021-04-11 | TheCompany | Other | Individual | Individual | InquiryaboutthelanddevelopmentinHongqiTown,Haikou | N/A |
| 2021-04-19 | TheCompany | Other | Individual | Individual | Inquiryaboutthelandacquisitionforurbanrenewalprojects | N/A |
| 2021-04-21 | TheCompany | Other | Individual | Individual | Inquiryaboutthedateofdividenddistribution | N/A |
| 2021-04-23 | TheCompany | Other | Individual | Individual | InquiryaboutthereasonwhyprofitwasconcentratedinQ4 | N/A |
| 2021-04-23 | TheCompany | Other | Individual | Individual | InquiryabouttheprogressoftheGuanlanBanglingurbanrenewalproject | N/A |
| 2021-04-23 | TheCompany | Other | Individual | Individual | Inquiryaboutthedateofdividenddistribution | N/A |
| 2021-04-30 | TheCompany | Other | Individual | Individual | InquiryaboutthecauseofthesurgeintheresultsofQ1 | N/A |
| 2021-04-30 | TheCompany | Other | Individual | Individual | Inquiryaboutthecauseofthedeclineinfinancingcashflows | N/A |
| 2021-05-07 | TheCompany | Other | Individual | Individual | Inquiryaboutthedividendandex-dividendschemefortheBShare | N/A |
| 2021-05-12 | TheCompany | Other | Individual | Individual | InquiryaboutthescopeoftheCompany'sbusiness | N/A |
| 2021-05-12 | TheCompany | Other | Individual | Individual | InquiryabouthowtheCompanydealtwiththeimpactofrisingrawmaterials | N/A |
| 2021-05-13 | TheCompany | Other | Individual | Individual | InquiryaboutthedevelopmentoftheCompany'smainbusinessandthefutureplanning | N/A |
| 2021-05-14 | TheCompany | Other | Individual | Individual | InquiryaboutthenumberofshareholdersoftheCompany | N/A |
| 2021-05-19 | TheCompany | Other | Individual | Individual | Inquiryaboutthereformofstate-ownedenterprisesoftheShenzhenSASAC | N/A |
| 2021-05-19 | TheCompany | Other | Individual | Individual | SuggestionsfortheCompany'sdevelopment | N/A |
| 2021-05-20 | TheCompany | Other | Individual | Individual | InquiryabouttheimpactofthepandemicinVietnamontheCompany'sresults | N/A |
| 2021-05-26 | TheCompany | Other | Individual | Individual | InquiryaboutthelandinHongqiTown,Haikou | N/A |
| 2021-05-31 | TheCompany | Other | Individual | Individual | Inquiryaboutdividends | N/A |
| 2021-06-07 | TheCompany | Other | Individual | Individual | InquiryaboutthereasonwhysomeaccountsintheCompany'sQ1financialstatements | N/A |
accountedforalargeproportion
| accountedforalargeproportion | ||||||
| 2021-06-12 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'scooperationwithXpengMotors | N/A |
| 2021-06-16 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'ssolutionstohorizontalcompetition | N/A |
| 2021-06-27 | TheCompany | Other | Individual | Individual | InquiryaboutthesalesofTowerAofGoldenCollarHolidayApartment | N/A |
| 2021-07-03 | TheCompany | Other | Individual | Individual | InquiryaboutthesalesofTowersBandCofGoldenCollarHolidayApartment | N/A |
| 2021-07-13 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sdividends | N/A |
| 2021-07-13 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'smeasurestodealwithlandpolicychanges | N/A |
| 2021-07-20 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sbusinesslayoutandfutureplanning | N/A |
| 2021-07-21 | TheCompany | Other | Individual | Individual | InquiryaboutwhethertheBShareaffectedtheAShare | N/A |
| 2021-07-21 | TheCompany | Other | Individual | Individual | InquiryabouttheprogressoftheFuyuanIndustryParkurbanrenewalproject | N/A |
| 2021-07-26 | TheCompany | Other | Individual | Individual | InquiryabouttheproportionofequityheldbytheCompanyintheInternationalTradeCenterBuilding | N/A |
| 2021-08-01 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'slayoutofcomprehensivedevelopmentandoperationofparks | N/A |
| 2021-08-04 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'ssemi-annualresults | N/A |
| 2021-08-08 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'scountermeasuresforthedownwardtrendofrealestate | N/A |
| 2021-08-08 | TheCompany | Other | Individual | Individual | Inquiryaboutthenumberoflong-rentalapartmentunitsoftheCompany | N/A |
| 2021-08-12 | TheCompany | Other | Individual | Individual | Suggestionsonthetimelyacquisitionofhigh-qualityassetsbytheCompany'smajorshareholder | N/A |
| 2021-08-16 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sshareholdinginsubsidiaries | N/A |
| 2021-08-17 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'ssocialdonation | N/A |
| 2021-08-17 | The | Other | Individual | Individual | Inquiryaboutthepropertiesheldbythe | N/A |
Company
| Company | Company | |||||
| 2021-08-18 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'ssigningofstrategiccooperationagreements | N/A |
| 2021-09-01 | TheCompany | Other | Individual | Individual | InquiryabouttheoperationoftheCompany'slong-rentalapartments | N/A |
| 2021-09-06 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sparticipationintheconstructionoftheGuangdong-HongKong-MacauGreaterBayArea | N/A |
| 2021-09-10 | TheCompany | Other | Individual | Individual | Inquiryaboutchangesinmajorshareholders'commitmenttosolvinghorizontalcompetition | N/A |
| 2021-09-19 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'slandreserves | N/A |
| 2021-09-20 | TheCompany | Other | Individual | Individual | SuggestionsfortheCompany'sdisposaloftheBShare | N/A |
| 2021-09-24 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sprojectconstruction | N/A |
| 2021-09-29 | TheCompany | Other | Individual | Individual | SuggestionsfortheCompanytoinnovateonthedividendmechanism | N/A |
| 2021-09-29 | TheCompany | Other | Individual | Individual | InquiryaboutthelanddevelopmentinHongqiTown,HaikoubytheCompany | N/A |
| 2021-09-29 | TheCompany | Other | Individual | Individual | Inquiryaboutthethirdquarterresultsforecast | N/A |
| 2021-10-09 | TheCompany | Other | Individual | Individual | Inquiryaboutthethirdquarterresultsforecast | N/A |
| 2021-10-13 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sdevelopmentstrategy | N/A |
| 2021-11-08 | TheCompany | Other | Individual | Individual | InquiryaboutwhethertheCompanyhasrepurchaseplans | N/A |
| 2021-11-30 | TheCompany | Other | Individual | Individual | InquiryaboutthesalesofTowerAofGoldenCollarHolidayApartment | N/A |
| 2021-12-03 | TheCompany | Other | Individual | Individual | InquiryaboutwhethertheCompanyplanstoengageR&Dexperts | N/A |
| 2021-12-05 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sbusinessdevelopmentanditsbusinesslayoutoutsideShenzhen | N/A |
| 2021-12-10 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sdevelopmentofthelandinGuangmingDistrict | N/A |
| 2021-12-17 | TheCompany | Other | Individual | Individual | InquiryaboutthenumberofshareholdersoftheCompany | N/A |
2021-12-28
| 2021-12-28 | TheCompany | Other | Individual | Individual | InquiryabouttheCompany'sdividendplan | N/A |
PartIVCorporateGovernance
IGeneralInformationofCorporateGovernanceTheinternalcontrolsystemoftheCompanyiscomplete,accomplishedanddefinedthatinaccordancewithCompanyLaw,ArticlesofAssociationandotherlawsandregulationsaswellasrequirementsofregulatorydocuments.TheconveneofShareholders’GeneralMeeting,theBoardofDirectorsandSupervisoryBoardarestrictlyinaccordancewithrelevantrulesandregulations,alldirectorsandsupervisorsearnestlyanddiligentlycommittheirresponsibilities.CorporatestructureoftheCompanyiscompleteandtheoperationoftheCompanyisstandardized.DuringtheReportingPeriod,theCompanyrevisedtheArticlesofAssociation,RulesofProceduresforGeneralMeetingofShareholders,theRulesfortheManagementofInformationInsiders,theManagementRulesforInformationDisclosureAffairs,etc.inaccordancewiththeCompanyLaw,SecuritiesLaw,ListingRulesandotherrelevantprovisionsbasedontheactualconditionsoftheCompanytoestablishandimproveinternalmanagementandcontrolsystem.Abidingbytheprincipleofbeingscientific,simplifiedandhighefficient,theCompanyadjustedtheitssettingofdepartmentsandinstitutions,currentlysetupParty-massoffice,disciplineinspectionandsupervisionoffice(theauditdepartment,officeofthesupervisorycommittee,officeofboardofdirectors,comprehensiveoffice(procedureandinformationcenter,lettersandvisitsoffice),HRdepartment(trainingcenter),financialmanagementdepartment(settlementcenter),investmentdevelopmentdepartment,operationandmanagementdepartment,designmanagementdepartment(technologicalcenter),costcontractdepartment,engineeringmanagementdepartment(officeofsecuritycommittee),officeofindustrialoperation.Eachdepartmentperformsitsownfunctions,andstrictlycarriesoutworkaccordingtointernalcontrolsystem,toensurethenormalandefficientoperationoftheCompany.TheCompanyhasalwaysattachedgreatimportanceonstandardizinginsiderinformationmanagement,formulatedandcompletedManagementProvisionsonInformationDisclosure,WorkProceduresofAnnualReportofAuditingCommittee,AccountabilitySystemofMajorErrorsinInformationDisclosureofAnnualReport,WorkSystemofAnnualReport,InsiderManagementSystemofInsiderInformation,ManagementSystemofInvestorRelationship,andotherinternalcontrolsystem,toensuretheauthenticity,accuracyandcompletenessofCompanyinformationdisclosure.Duringthereportingperiod,theCompanystrictlycarriedoutinformationdisclosure,corporategovernanceconferenceorganization,andotherworkaccordingtorequirementsofsecuritiessupervision,disclosedinformationtimely,accuratelyandcompletely,withoutanyaccidentswhichviolaterelevantinternalcontrolsystemofinformationdisclosure.TheCompanycarriedoutqualityself-examinationoflistedcompaniesaccordingtotherequirementsofShenzhenSecuritiesRegulatoryBureautofindoutdeficienciesintheoperationoftheCompanyandformulaterectificationplantoimprovecompanygovernanceandstandardoperation.Indicatebytickmarketwhetherthereisanymaterialincompliancewiththeapplicablelaws,administrativeregulations,andregulationsissuedbytheCSRCgoverningthegovernanceoflistedcompanies.
□Yes√NoNosuchcasesintheReportingPeriod.
IITheCompany’sIndependencefromItsControllingShareholderandActualControllerinAsset,Personnel,FinancialAffairs,OrganizationandBusinessTheCompanywasindependentfromthecontrollingshareholderinbusiness,personnel,assets,organizationandfinancetorealizethatindependentpersonnel,independentfinance,completeassets,independentorganizationandindependentbusiness.
1.Inaspectofbusiness:TheCompanywasindependentfromthecontrollingshareholderwithindependentandcompletebusiness
andindependentoperationcapability.Therewasnobusinesswhichwassameorcompetitivewiththecontrollingshareholder.
2.Inaspectofpersonnel:TheCompanywascompleteindependentfromthecontrollingshareholderintermsoflaborandpersonnel,managementonremuneration.PersonneloftheCompanyareindependent,allonessignedlaborcontractwiththeCompany.TheCompanywasindependentfromtheshareholdersorotherrelatedpartiesinpersonnelmanagement,socialsecurity,salaryetc.
3.Inaspectofasset:TheCompany’sassetswerecompleteandindependent,thepropertyrelationshipwasclear.Therewasnocapitaloccupationbycontrollingshareholder,andassetsoftheCompanywerecompletelyindependentfromcontrollingshareholder.
4.Inaspectoforganization:TheCompany’sorganizationwasindependent,andtheCompanyimplementedrulesandregulationsaswellasresponsibilitiesforalldepartments,formedindependentresponsibilitiesandrights,scientificandrationalinternalcontrolsystem.
5.Inaspectoffinance:TheCompany’sfinancewasindependentwithindependentfinancedepartment.TheCompanyestablishedtheindependentfinancesettlingsystemandfinancialmanagementsystem,haditsownfinanceaccountandpaidthetaxinlinewithlaws,runfinancedecision-makingindependently.ThecontrollingshareholderoftheCompanyperformednormativelywithnoconductthatintervenedwiththeoperationdecision-makingandoperationactivitiesdirectlyorindirectlyovertheshareholders’generalmeeting,however,thecontrollingshareholdercouldinfluenceonthesignificantdecision-makingthroughthesharesholding.
IIIHorizontalCompetition
√Applicable□Notapplicable
Typeofproblem
| Typeofproblem | RelationshipwiththeCompany | Companyname | Companynature | Causeofproblem | Solution | Progressandsubsequentplan |
| Horizontalcompetition | Controllingshareholder | ShenzhenInvestmentHoldingsCo.,Ltd. | Other | Note1 | Note2 | Note3 |
Note1: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.InviewofthefactthatShenzhenConstructionDevelopment(Group)Company(“ShenzhenConstructionDevelopment”),ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.(“SPG”)andSZPRD,allwholly-ownedsubsidiariesofSIHC,areoperatingrealestatedevelopmentandcommercialpropertysalesbusiness,whichbelongtothesameindustry,andthereiscompetitioninthesameindustry.Note2:Toavoidhorizontalcompetition,SIHCmakethefollowingcommitments:1.OnthehorizontalcompetitionsolutionofShenzhenConstructionDevelopment:astheholdingshareholderoftheListedCompany,duringthelistingperiodatShenzhenStockExchangeoftheListedCompany,asforthecurrentbusinessofShenzhenConstructionDevelopmentwhichhashorizontalcompetitionwiththeListedCompany,withinthescopepermittedbylawandregulation,within12monthsfromtheequityofSZPRDbeingtransferredtoSIHC,SIHCwillstartthesolutionwithpracticaloperabilityamongbelowhorizontalcompetitionsolutiontimely
andcompleteimplementationofthesolutionwithin3yearsfromthedatethattheequityofSZPRDistransferredtoSIHCtosolvecurrenthorizontalcompetitionproblems:(1)ShenzhenConstructionDevelopmentsignsassetcustodyagreementwiththeListedCompany,entruststheassetswhichhasdirectcompetitionwiththeListedCompanytotheListedCompany,confirmsfaircustodianfeeatthesametime,andtakeseffectivemeasurestosolvehorizontalcompetitionwithincommitmentperiod;(2)InjectassetswithdirectcompetitionwiththeListedCompanyintotheListedCompany;(3)TransferassetswithdirectcompetitionwiththeListedCompanytounrelatedthirdparty;(4)othermeasureswhichcansolvehorizontalcompetitioneffectivelyandisfavorableforprotectingtheinterestoftheListedCompanyandlegalinterestsofothershareholders.Beforesolvingcurrenthorizontalcompetition,whilecompany,enterprise,economicorganization(notincludingenterprisescontrolledbytheListedCompany,hereinafterreferredtoassubordinatedCompanies)whichtheListedCompanyandSIHCholdcontrollingsharesorcontrolsactuallyhavebusiness,incasetheinvolveddispute,etc.havemajorinfluenceonthebusiness,SIHCshouldkeepneutralasacontrollingshareholdertoensurethattheListedCompanyandsubordinatedCompaniescantakepartinmarketcompetitionontheprincipleoffaircompetition.2.HorizontalcompetitionsolutionofSPG:From14September2016tonow,SPGhashadstocksuspensionbecauseofmajorassetsrestructuring.AccordingtoReviewOpinionsonDelayingStockResumptionbecauseofMajorAssetsRestructuringofSPGannouncedbyCITICSecuritiesandHuataiSecuritieson26November2016,therestructuringsolutionisthatSPGplanstoissueAshareand/orusecurrencytopurchase100%equityofEvergrandeGroup(hereinafterreferredtoas“therestructuringofSPG”).GuangzhouChironRealEstateCo.,Ltd.willbethecontrollingshareholderofSPGuponthecompletionoftherestructuringofSPG.IftherestructuringofSPGiscompleted,SIHCwillceasetocontrolSPG,whichmeanstherewillbenohorizontalcompetitionbetweenSPGandSZPRD.IftherestructuringofSPGisterminated,forbusinessofSPGwhichhashorizontalcompetitionwiththeListedCompany,SIHC,withinthescopepermittedbylawandregulation,SIHCwillstartarationalhorizontalcompetitionsolutionaccordingtoactualsituationatthetimewithin12monthsaftertheterminationofreconstructionofSPGandstockresumptionannouncementdate,andfulfillannouncementobligation,andSPGwillcompletetoimplementthesolutionandsolvethehorizontalcompetitionbetweenSZPRDandSPGwithin3yearsfromthedateSPGterminatesthereconstructionandannouncesstockresumption.3.Othercommitmentstoavoidhorizontalcompetition:asthecontrollingshareholderoftheListedCompanyandduringthelistingperiodoftheListedCompanyatShenzhenStockExchange,othersubordinatedCompaniesofSIHCwillnotengageinrelevantbusinesswhichhasdirecthorizontalbusinesscompetitionwiththeListedCompanyinnewbusinessfieldsexceptforinthebusinessfieldwhereitalreadyhashadhorizontalcompetitionwiththeListedCompany.ShenzhenInvestmentHoldingspromisesnottoseekimproperbenefitswiththepositionofcontrollingshareholderoftheListedCompanyanddamagetheinterestoftheListedCompanyanditsshareholders.Incaseofviolatingabovecommitment,SIHCshallundertakecorrespondinglegalliabilities,includingbutnotlimitedtoundertakingcompensationresponsibilitiesforalllossescausedtotheListedCompany.Note3:SIHChasalwaysbeenactivelycommittedtofulfillingitsrelevantcommitments.Duringthetermofcommitment,SIHCdidnotseekanyillegitimateinterestsasthecontrollingshareholdingofSZPRDordamageanyrightsandinterestsofSZPRDanditsshareholders.Duringthetermofcommitment,SIHCactivelycollatedtheunderlyingassetsandbusinessesofShenzhenConstructionDevelopment(Group)CompanyanddevoteditselftodevelopingpracticalandfeasibleplansassoonaspossibletosolvethehorizontalcompetitionissueforSZPRD.ItalsoactivelypromotedtherestructuringofSPG.However,giventheobjectivecircumstances,SIHCfailedtofulfilltheoriginalcommitmenttoavoidhorizontalcompetition.SIHCre-issuedtheLetteronChangingtheCommitmenttoAvoidingHorizontalCompetitionon31August2021andsuchcommitmentchangematterwasapprovedatthefirstextraordinarygeneralmeetingof2021heldon27September2021.Formoredetails,seetheAnnouncementontheApplicationbytheCompany'sControllingShareholderforChangingtheCommitmenttoAvoidingHorizontalCompetition(AnnouncementNo.:2021-32)disclosedbytheCompanyonwww.cninfo.com.cnon11September2021.
IVAnnualandSpecialGeneralMeetingsConvenedduringtheReportingPeriod
1.GeneralMeetingConvenedduringtheReportingPeriod
Meeting
| Meeting | Type | Investorparticipationratio | Dateofthemeeting | Disclosuredate | Resolutions |
| The2020AnnualGeneralMeeting | AnnualGeneralMeeting | 61.23% | 21April2021 | 22April2021 | ThereportsandproposalsdeliberatedandapprovedatthemeetingincludedtheReportontheWorkoftheBoardofDirectorsin2020,theReportontheWorkoftheBoardofSupervisorsin2020,the2020AnnualReport,the2020FinancialAccountsReport,the2021FinancialBudgetReport,thePlanonProfitDistributionandCapitalizationfromCapitalReservein2020,theProposalontheComprehensiveCreditLinefor2021,theProposalonUsingPartofOwnFundstoPurchaseWealthManagementProducts,theProposalonIssuingCommercialPropertyMortgageAsset-BackedSecuritizationProducts,theProposalonEstimatedRoutineRelated-partyTransactionsfor2021andtheProposalonRenewingtheEngagementofAccountingFirm.Fordetails,pleaserefertotheAnnouncementontheResolutionsofthe2020AnnualGeneralMeeting(No.:2021-19)onwww.cninfo.com.cn. |
| The1stExtraordinaryGeneralMeetingof2021 | ExtraordinaryGeneralMeeting | 61.33% | 27September2021 | 28September2021 | TheproposalsdeliberatedandapprovedatthemeetingincludedtheProposalonAmendingtheArticlesofAssociation,theProposalonAmendingtheRulesofProcedureforGeneralMeeting,theProposalontheApplicationbytheCompany'sControllingShareholderforChangingtheCommitmentto |
AvoidingHorizontalCompetition,theProposalontheTransitionoftheNinthBoardofDirectorsoftheCompanyandtheNominationofNon-independentDirectorsoftheTenthBoardofDirectorsoftheCompany,theProposalontheTransitionoftheNinthBoardofDirectorsoftheCompanyandtheNominationofIndependentDirectorsoftheTenthBoardofDirectorsoftheCompanyandtheProposalontheTransitionoftheNinthBoardofDirectorsoftheCompany.Fordetails,seetheAnnouncementontheResolutionsoftheFirstExtraordinaryGeneralMeetingin2021(No.2021-34)onwww.cninfo.com.cn.
| AvoidingHorizontalCompetition,theProposalontheTransitionoftheNinthBoardofDirectorsoftheCompanyandtheNominationofNon-independentDirectorsoftheTenthBoardofDirectorsoftheCompany,theProposalontheTransitionoftheNinthBoardofDirectorsoftheCompanyandtheNominationofIndependentDirectorsoftheTenthBoardofDirectorsoftheCompanyandtheProposalontheTransitionoftheNinthBoardofDirectorsoftheCompany.Fordetails,seetheAnnouncementontheResolutionsoftheFirstExtraordinaryGeneralMeetingin2021(No.2021-34)onwww.cninfo.com.cn. | |||||
| The2ndExtraordinaryGeneralMeetingof2021 | ExtraordinaryGeneralMeeting | 4.87% | 29December2021 | 30December2021 | TheproposalsdeliberatedandapprovedatthemeetingincludedtheProposalontheWholly-ownedSubsidiary'sAcquisitionof100%EquityinShenzhenPropertyManagementCo.,Ltd.andRelated-partyTransactions,theProposalontheWholly-ownedSubsidiary'sAcquisitionof100%EquityinShenzhenForeignTradePropertyManagementCo.,Ltd.andRelated-partyTransactionsandtheProposalontheWholly-ownedSubsidiary'sAcquisitionof100%EquityinThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelated-partyTransactions.Fordetails,seetheAnnouncementontheResolutionsoftheSecondExtraordinaryGeneralMeetingin2021(No.2021-53)onwww.cninfo.com.cn. |
2.SpecialGeneralMeetingsConvenedattheRequestofPreferredShareholderswithResumedVotingRights
□Applicable√Notapplicable
VDirectors,SupervisorsandSeniorManagement
1.GeneralInformation
Name
| Name | Officetitle | Incumbent/Former | Gender | Age | Startoftenure | Endoftenure | Beginningshareholding(share) | Shareoption | Restrictedsharesgranted(share) | IncreaseintheReportingPeriod(share) | DecreaseintheReportingPeriod(share) | Otherincrease/decrease(share) | Endingshareholding(share) | Reasonforsharechange |
| LiuShengxiang | PartySecretaryandChairmanoftheBoard | Incumbent | Male | 51 | 15June2018 | 26September2024 | ||||||||
| WangHangjun | Director,DeputyPartySecretary,GM | Incumbent | Male | 56 | 15June2018 | 26September2024 | ||||||||
| WeiXiaodong | Director,DeputyPartySecretary | Incumbent | Male | 52 | 15June2018 | 26September2024 | ||||||||
| ShenXueying | DirectorandCFO | Incumbent | Female | 53 | 15June2018 | 26September2024 | ||||||||
| WangGe | Director | Incumbent | Male | 51 | 15June2018 | 26September2024 | ||||||||
| XieChang | Director | Incumbent | Male | 50 | 7April2020 | 26September2024 | ||||||||
| Mei | Independe | Incum | Mal | 58 | 15June | 26 |
Yonghong
| Yonghong | ntDirector | bent | e | 2018 | September2024 | |
| LiDonghui | IndependentDirector | Incumbent | Male | 50 | 27September2021 | 26September2024 |
| HuCaimei | IndependentDirector | Incumbent | Female | 40 | 27September2021 | 26September2024 |
| DaiXianhua | ChairmanoftheSupervisoryCommitteeandSecretaryoftheDisciplineInspectionCommission | Incumbent | Male | 60 | 15June2018 | 26September2024 |
| ZhangManhua | Supervisor | Incumbent | Male | 47 | 15June2018 | 26September2024 |
| LiQinghua | Supervisor | Incumbent | Male | 40 | 15June2018 | 26September2024 |
| WangQiuping | EmployeeSupervisor,ExecutiveDirectorofITCPark,SecretaryofthePartyCommittee | Incumbent | Female | 52 | 15June2018 | 26September2024 |
| GuWeimin | EmployeeSupervisor,Discipline | Incumbent | Female | 41 | 15June2018 | 26September2024 |
InspectionDirector,DeputySecretaryoftheDisciplineInspectionCommission
| InspectionDirector,DeputySecretaryoftheDisciplineInspectionCommission | ||||||
| ChenHongji | MemberofthePartyCommitteeandDeputyGM | Incumbent | Male | 53 | 28December2020 | 26September2024 |
| CaiLili | MemberofthePartyCommitteeandDeputyGM | Incumbent | Female | 50 | 15June2018 | 26September2024 |
| LiPeng | MemberofthePartyCommitteeandDeputyGM | Incumbent | Male | 46 | 15June2018 | 26September2024 |
| ZhangGejian | MemberofthePartyCommittee,DeputyGMandBoardSecretary | Incumbent | Male | 47 | 15June2018 | 26September2024 |
| YuanHongchang | IndependentDirector | Former | Male | 51 | 14April2017 | 27September2021 |
| Li | Independe | Forme | Mal | 45 | 15June | 27 |
Qingyuan
| Qingyuan | ntDirector | r | e | 2018 | September2021 | |||||||||
| Total | -- | -- | -- | -- | -- | -- | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -- |
Indicatewhetheranydirector,supervisororseniormanagementresignedbeforetheendoftheirtenureduringtheReportingPeriod.
□Yes√NoChangeofdirectors,supervisorsandseniormanagement:
√Applicable□Notapplicable
| Name | Officetitle | Typeofchange | Dateofchange | Reasonforchange |
| YuanHongchang | IndependentDirector | Resigneduponexpiryoftenure | 27September2021 | Resigneduponexpiryoftenure |
| LiQingyuan | IndependentDirector | Resigneduponexpiryoftenure | 27September2021 | Resigneduponexpiryoftenure |
2.BiographicalInformation
Professionalbackgrounds,majorworkexperienceandcurrentdutiesintheCompanyoftheincumbentdirectors,supervisorsandseniormanagement:
MembersoftheBoardofDirectors:
Mr.LiuShengxiang,borninAugust1971,isanowmemberoftheCommunistPartyofChina,professor-levelseniorengineer,NationalCertifiedArchitect(Level1),andhasobtainedhisBachelorDegree,MasterofEngineering,andMBA.InJune1994,hejoinedShenzhenTagenGroupCo.,Ltd.,andsuccessivelyservedasthedeputygeneralmanager,generalmanager,andgeneralPartybranchsecretaryofShenzhenMunicipalEngineeringCorp.andthedeputygeneralmanagerofShenzhenTagenGroupCo.,Ltd.InJune2013,hejoinedShenzhenRoad&BridgeGroupastheexecutivedirector,SecretaryofthePartyCommitteeandgeneralmanager.HestartstoserveastheSecretaryofthePartyCommitteeandtheChairman(June2018)oftheCompany&theSecretaryofthePartyCommittee,ExecutivedirectorandGM(fromAugust2018toMay2020)inShenzhenToukongPropertyManagementCo.,Ltd.&theSecretaryofthePartyCommitteeandtheChairmanoftheBoard(fromMarch2020tonow)inChinaShenzhenForeignTrade(Group)Corp.Ltd.sinceSeptember2017.Mr.LiuShengxiangwasawardedthetitleofOutstandingCommunistPartyMemberofShenzhenin2001,andobtainedTien-yowJemeCivilEngineeringPrizein2013,andMay1
stLaborMedalofShenzhenin2015,thePartyrepresentativeofthe6
th
PartyCongressinShenzhen.Mr.WangHangjun,borninNov.1966,memberofCommunistPartyofChina,isaseniorauditorwithamasterdegreeofeconomy.HeevertookpostofDeputyChiefofAuditBureauofNanshanDistrict,Shenzhen;ViceMinister,MinisterofAuditDepartmentofShenzhenInvestmentandManagementCompany;ViceMinister,MinisterofSupervisionDepartmentofShenzhenInvestmentandManagementCompany;MinisterofAuditandInspectionDepartmentofShenzhenInvestmentHoldingCo.,Ltd.HehasbeenDeputyGMoftheCompanysinceOct.2007.NowheistheDirector,deputyPartySecretaryandGMoftheCompany.Mr.WeiXiaodong,borninJanuary1970,isamemberoftheCommunistPartyofChinawiththeBachelor’sDegree.Mr.WeiXiaodongeverworkedinthemunicipalgovernmentdepartmentofShenzhenformanyyears.In2008,hebegantoworkforShenzhenState-ownedAssetsSupervisionandAdministrationCommission,andsuccessivelyservedasthedeputydirectoranddirectorofShenzhenSASACOffice.InJune2014,heservedasthedeputydirectorofShenzhenSASACOffice,andnow,heistheDirector,deputysecretaryofthePartycommitteeandChairmanoftheLaborUnionintheCompany.Ms.ShenXueying,borninOctober1969,BachelorofEconomics,isasenioraccountant.Ms.ShenXueyinghasbeenengagedin
thefinancialmanagementoflistedcompaniesfornearly30years.ShejoinedtheFinanceDepartmentoftheCompanyin1991andsuccessivelyservedastheclerkanddeputymanagerofthefinancialmanagementdepartmentoftheCompany.ShewasthemanagerofthefinancialmanagementdepartmentoftheCompanyfrom2007-2018andnowsheiscurrentlytheDirectorandChiefFinancialOfficeroftheCompany.Mr.WangGe,borninOctober1971,thememberoftheCommunistPartyofChina,isnowtheseniorengineerwiththedegreeofBachelorofEngineering.Mr.WangGehasbeenengagedintheenterprisemanagementformanyyears.HesuccessivelyservedasthedeputydirectoranddirectoroftheengineeringdepartmentofShenzhenJian’an(Group)Co.,Ltd.,themanagerandthedeputysecretaryofthePartyBranchofJian’anGroupConstructionandMunicipalEngineeringCompany,andthedeputygeneralmanager,director,thedeputysecretaryofthePartyCommitteeandthegeneralmanagerofJian’anGroup.FromMarch2017topresent,hehasservedastheChiefEngineerofShenzhenInvestmentHoldingsCo.,Ltd.Mr.XieChang,borninNovember1971,CPCmember,bachelorofengineering,seniorengineer,economist,andpoliticalengineer.HeusedtobetheheadofthePartyandMassWorkDepartment,memberoftheDisciplinaryCommittee,andheadoftheAssetManagementDepartmentofShenzhenJian'an(Group)Co.,Ltd.;thedeputyGMofShenzhenSibionoGeneTechCo.,Ltd.;theheadoftheoperationmanagementdepartment,officedirector,secretaryoftheBoardofDirectorsofShenzhenForeignLaborServiceCo.,Ltd.;officedirectorofShenzhenTalentExchangeServiceCenterCo.,Ltd.HehasservedastheheadofthecomprehensivemanagementdepartmentofShenzhenInvestmentHoldingsCo.,Ltd.fromSeptember2017,andadirectoroftheCompanyfromApril2020.Mr.MeiYonghong,borninOctober1964,isthememberoftheCommunistPartyofChina,andgraduatedfromtheDepartmentofAgricultureofHuazhongAgriculturalUniversitywiththeDegreeofBachelorofAgriculture.HesuccessivelyservedasthedeputydirectoroftheGeneralOfficeofMinistryofScienceandTechnologyandthedirectoroftheinformationresearchoffice,thedirectorofthePolicy,RegulationsandSystemReformDepartmentofMinistryofScienceandTechnologyandthemayorofJiningCityinShandongProvince.NowheservesastheChairmanoftheBoardofBGIAgriculturalGroup(startingfromSeptember2015),VicepresidentofCountryGardenGroup&CEOofCountryGardenHoldingsCo.Ltd.(startingfromAugust2018).Mr.LiDonghui,borninJune1976,isagraduatewithabachelor'sdegreefromtheAuditDepartmentoftheEconomicsandManagementSchoolofWuhanUniversityandreceivedaPhDdegreeinAccountingandFinanceattheUniversityofNewSouthWalesBusinessSchool,Australia.HeonceworkedasacivilservantattheDepartmentofFinancialSystemAuditoftheNationalAuditOfficeofthePeople'sRepublicofChinaandastheExecutiveDeanoftheSchoolofManagement,JinanUniversity.HeiscurrentlyadistinguishedprofessorofaccountingandfinanceanddoctoralsupervisorattheCollegeofEconomicsShenzhenUniversityandtheDirectoroftheCommitteeofProfessorsofthecollege.ManyofhisarticleswerepublishedintopinternationaljournalsandkeyauthoritativeacademicjournalsofChina.HewasnamedatalentedpersonofShenzhen'soverseashigh-level"PeacockPlan"andservedasanexpertoftheSeniorTitleReviewCommitteeoftheShenzhenFinancialBureau,anexpertoftheXinshenCommunicationThink-tankofShenzhenPressGroupandarevieweroftheNationalNaturalScienceFoundationofChina.Ms.HuCaimei,borninSeptember1982,isaDoctorofManagement,PostdoctoralFellowinEconomics,AssociateProfessorandbackuptalentofShenzhen.ShecurrentlyservesastheDeputyDirectoroftheInstituteofFinancialDevelopmentandState-ownedAssetsandEnterprises,ChinaDevelopmentInstituteandhasbeenlongengagedinpolicyresearchandconsultationinfinanceandstate-ownedassetsandenterprises,withextensiveexperienceintheconsultationonthereformanddevelopmentofstate-ownedassetsandenterprises.Shepresidedoverandparticipatedinanumberofnational,ministerialandprovincialscientificresearchprojectsandmorethan50consultingtopics.Manyofherresearchresultswereadoptedbygovernmentdepartmentsandwonscientificresearchawards.MembersoftheSupervisoryCommittee:
Mr.DaiXianhua,wasborninApril1962,doctordegree,PartymemberofCPC.HeworkedasalecturerinSchoolofBusinessandEconomyofZhongnanUniversityofEconomicsandLawfrom1986to1989.Hetookpostsofeditorofdepartmentoftheoryandreview,vicedirector,andeditor-in-chief,inShenzhenEconomicDailyfrom1992to1997;workedinShenzhenStateAssets
AdministrationCommittee(hereinafterreferredas“ShenzhenSAC”)asViceSectionChiefofAssetsManagementDepartment,investigatorofpropertyrightmanagementDepartment,ViceDirector,investigatorofOffice,andinvestigatorofAppraisalandDistributionDepartmentfrom1997to2012.Since2012heistheChairmanoftheSupervisoryCommitteeoftheCompanyandisthePartySecretarysince2020.Mr.ZhangManhua,borninFeb.1975,master’sdegree,memberoftheCommunistPartyofChina,studiedandworkedinCentralSouthUniversityfrom1992to2004;SeniorManagerintheInvestmentCenterofKonkaGroupandconcurrentlyworkedastheBoardSecretaryforShenzhenJvlongOptoelectronicCo.,Ltd.,andInvestmentManagerinShenchaoTechnologicalInvestmentCo.,Ltd.from2004to2013;heworkedasdeputydirectorintheStrategy&DevelopmentDepartmentinShenzhenInvestmentHoldingCo.,Ltdfrom2013to2018.HeisthedirectorinLawandRisksManagementdepartmentofShenzhenInvestmentHoldingsCo.,Ltdsince2018.Mr.LiQinghua,borninApril1982,hasobtainedhisBachelordegree.From2003to2013,heworkedforDZXInternationalAppraisalLimited,andsuccessivelyservedastheprojectassistance,theprojectmanagerandtheseniormanager;from2013to2017,heservedastheseniorexecutiveofthepropertyrightmanagementandlegalaffairsdepartmentofShenzhenInvestmentHoldingsCo.,Ltd.,andfrom2017tillnow,heservesasthedeputydirectoroftheauditdepartmentofShenzhenInvestmentHoldingsCo.,Ltd.Ms.WangQiuping,borninJanuary1970,isaPartymemberandsenioreconomistwithabachelor'sdegree.From1992to2015,shewasengagedinmanagementintheGeneralManager'sOffice,AccountingandFinanceDepartment,OperationManagementDepartmentandDevelopmentManagementDepartmentoftheCompany.From2015to2018,sheservedasthePartySecretary,DeputyGeneralManagerandTradeUnionPresidentofITCPropertyManagement.From2018to2020,sheservedasthePartySecretaryandGeneralManagerofITCPropertyManagement.From2020toAugust2021,sheservedasthePartySecretary,ExecutiveDirectorandGeneralManagerofITCTechnologyPark.SheiscurrentlythePartySecretaryandExecutiveDirectorofITCTechnologyPark.Ms.GuWeimin,BorninOctober1981,isthememberoftheCommunistPartyofChinawiththeMaster’sDegree.From2007to2010,sheservedinKPMGShenzheninexternalaudit;from2011tillnow,shehasworkedfortheCompanyintheauditdepartment(theofficeoftheboardofsupervisors),andisnowtheDeputySecretaryoftheDisciplineInspectionCommissionandthedirectoroftheDisciplineInspectionandSupervisionOffice(AuditDepartment,theOfficeoftheSupervisoryCommittee)oftheCompany.Executiveofficers:
Mr.WangHangjun,borninNov.1966,memberofCommunistPartyofChina,isaseniorauditorwithamasterdegreeofeconomy.HeevertookpostofDeputyChiefofAuditBureauofNanshanDistrict,Shenzhen;ViceMinister,MinisterofAuditDepartmentofShenzhenInvestmentandManagementCompany;ViceMinister,MinisterofSupervisionDepartmentofShenzhenInvestmentandManagementCompany;MinisterofAuditandInspectionDepartmentofShenzhenInvestmentHoldingCo.,Ltd.HehasbeenDeputyGMoftheCompanysinceOct.2007.NowheistheDirector,deputyPartySecretaryandGMoftheCompany.Mr.ChenHongji,borninMay1968,CPCmember,postgraduatedegree,andmasterofphilosophy.HehasworkedinShenzhenMunicipalPeople'sGovernmentformanyyears.HejoinedShenzhenConstructionInvestmentHoldingCo.,Ltd.inJanuary1998andsuccessivelyservedassectionchiefofdevelopmentresearchdepartment,deputydirectorofoffice,deputydirectorofPartycommitteeofficeanddirectorofsecretaryofficeofboardofdirectors.InOctober2004,hejoinedShenzhenInvestmentHoldingCo.,Ltd.andsuccessivelyservedasdirectorofthepartymassdepartmentanddirectoroftheboardoffice.SinceJuly2012,hehasbeenthedeputyGMofShenzhenExpander.FromDecember2020,hehasservedasamemberofthepartycommitteeanddeputyGMoftheCompany.Ms.CaiLili,BorninNovember1972,isthememberoftheCommunistPartyofChina,andhasobtainedtheMaster’sDegreeinEconomics.Since1995,hehasworkedinShenzhenTaxService,SAT,andeverservedasthedeputychiefofthetaxationandscientificandtechnologicaldevelopmentdepartmentofShenzhenTaxService,SAT,andthememberofthePartyOrganizationandthedeputydirectorofFutianDistrictTaxBureauinShenzhen.Currently,heisthememberofthePartyCommittee,deputygeneralmanagerandChiefFinancialOfficer.
Mr.LiPeng,BorninMay1976,isthememberoftheCommunistPartyofChina,theBachelorofEngineeringandtheintermediateeconomist.SinceJuly1999,hehasworkedfortheCompanyastheoperationmanager,andsuccessivelyservedasthedeputymanageroftheCompany’sdevelopmentmanagementdepartment,themanagerofthecostcontroldepartment,andthesecretaryofthePartybranchandthedeputygeneralmanagerofShenzhenHuangchengRealEstateCo.,Ltd.Currently,henowisthememberofthePartyCommittee,anddeputygeneralmanager.Mr.ZhangGejian,borninSeptember1975,thememberoftheCommunistPartyofChina,MBA,isanAccountantaswellasAuditor.HewasengagedininternalauditingworkinAuditDepartmentoftheCompanysinceJuly1997.Heactedastheauditmanager,SupervisoroftheCompanyandconcurrentlytheCostControlManager.NowheisthememberofthePartyCommittee,theviceGMandBoardSecretaryoftheCompany.Ms.ShenXueying,borninOctober1969,thememberoftheCommunistPartyofChina,BachelorofEconomics,isasenioraccountant.Ms.ShenXueyinghasbeenengagedinthefinancialmanagementoflistedcompaniesfornearly30years.ShejoinedtheFinanceDepartmentoftheCompanyin1991andsuccessivelyservedastheclerkanddeputymanagerofthefinancialmanagementdepartmentoftheCompany.ShehasbeenthemanagerofthefinancialmanagementdepartmentoftheCompanyfrom2007to2018,andtheChiefFinancialOfficerofChinaShenzhenForeignTrade(Group)Co.,Ltd.sinceMarch2020,andnowsheistheDirector,andChiefFinancialOfficeroftheCompany.Officesheldconcurrentlyinshareholdingentities:
√Applicable□Notapplicable
Name
| Name | Shareholdingentity | Officeheldintheshareholdingentity | Startoftenure | Endoftenure | Remunerationorallowancefromtheshareholdingentity |
| WangGe | ShenzhenInvestmentHoldingsCo.,Ltd. | ChiefEngineer | 1March2017 | Yes | |
| XieChang | ShenzhenInvestmentHoldingsCo.,Ltd. | Directorofthegeneralmanagementdepartment | 7April2020 | Yes | |
| ZhangManhua | ShenzhenInvestmentHoldingsCo.,Ltd. | Directorofthelegalandriskmanagementdepartment | 1January2017 | Yes | |
| LiQinghua | ShenzhenInvestmentHoldingsCo.,Ltd. | Deputydirectoroftheauditdepartment | 1January2017 | Yes |
Officesheldconcurrentlyinotherentities:
√Applicable□Notapplicable
| Name | Otherentity | Officeheldintheentity | Startoftenure | Endoftenure | Remunerationorallowancefromtheentity |
| LiuShengxiang | ChinaShenzhenForeignTrade(Group)Co.,Ltd. | SecretaryofthePartyCommittee,andChairmanoftheBoard | 1March2020 | No | |
| ShenXueying | ChinaShenzhenForeignTrade(Group)Co.,Ltd. | ChiefFinancialOfficer | 1March2020 | No |
MeiYonghong
| MeiYonghong | BGIAgriculturalGroup,CountyGarden | ChairmanofBGIAgriculturalGroup,VicepresidentofCountyGardenGroup&CEOofCountryGardenHoldingsCo.Ltd. | 1September2015 | Yes | |
| LiDonghui | ShenzhenUniversity | Distinguishedprofessor,doctoralsupervisor,directoroftheProfessorCommitteeoftheSchoolofEconomics | 1April2019 | Yes | |
| HuCaimei | China(Shenzhen)DevelopmentInstitute | DeputyDirectoroftheInstituteofFinancialDevelopmentandState-ownedAssetsandEnterprises | 1November2016 | Yes |
Punishmentsimposedintherecentthreeyearsbythesecuritiesregulatorontheincumbentdirectors,supervisorsandseniormanagementaswellasthosewholeftintheReportingPeriod:
□Applicable√Notapplicable
3.RemunerationofDirectors,SupervisorsandSeniorManagementDecision-makingprocedure,determinationbasisandactualpaymentsofremunerationfordirectors,supervisorsandseniormanagement:
DuringthisReportingPeriod,theboardandthemanagementoftheCompanysignedstatementofoperationobjectivesresponsibilityfor2021,conductedappraisalsystemintegratingoperationindicators,classificationindicatorswithmanagementobjectives.AftertheendofthisReportingPeriod,assessmentwasimplementedbytheboard.Remunerationofseniorexecutiveswasdeterminedaccordingto“ManagementMethodofAnnualsalarySystemofDirectors,SupervisorsandSeniorExecutivesofShenZhenProperties&ResourcesDevelopment(Group)Ltd.”and“Long-termIncentive-and-RestraintMechanismofShenZhenProperties&ResourcesDevelopment(Group)Ltd.”andneedtobeimplementedaftertheannualassessmentoftheboard.Remunerationofdirectors,supervisorsandseniormanagementfortheReportingPeriod
Unit:RMB'0,000
| Name | Officetitle | Gender | Age | Incumbent/Former | Totalbefore-taxremunerationfromtheCompany | Anyremunerationfromrelatedparty |
| LiuShengxiang | PartySecretaryandChairmanoftheBoard | Male | 51 | Incumbent | 213.03 | No |
| WangHangjun | Director,DeputyPartySecretary,GM | Male | 56 | Incumbent | 206.23 | No |
WeiXiaodong
| WeiXiaodong | Director,DeputyPartySecretary | Male | 52 | Incumbent | 178.86 | No |
| ShenXueying | DirectorandCFO | Female | 53 | Incumbent | 121.96 | No |
| WangGe | Director | Male | 51 | Incumbent | 0 | Yes |
| XieChang | Director | Male | 50 | Incumbent | 0 | Yes |
| MeiYonghong | IndependentDirector | Male | 58 | Incumbent | 8 | Yes |
| LiDonghui | IndependentDirector | Male | 50 | Incumbent | 2 | No |
| HuCaimei | IndependentDirector | Female | 40 | Incumbent | 2 | No |
| YuanHongchang | IndependentDirector | Male | 51 | Former | 6 | Yes |
| LiQingyuan | IndependentDirector | Male | 45 | Former | 6 | No |
| DaiXianhua | ChairmanoftheSupervisoryCommittee,SecretaryofCommitteeforDisciplineInspection | Male | 60 | Incumbent | 135.86 | No |
| ZhangManhua | Supervisor | Male | 47 | Incumbent | 0 | Yes |
| LiQinghua | Supervisor | Male | 40 | Incumbent | 0 | Yes |
| WangQiuping | Employeesupervisor,executivedirectorofITCTechnologyPark,PartySecretary | Female | 52 | Incumbent | 66.95 | No |
| GuWeimin | Employeesupervisor,DirectorofDisciplineInspectionOffice,andDeputySecretaryoftheDisciplineInspectionCommission | Female | 41 | Incumbent | 61.18 | No |
| ChenHongji | MemberofthePartyCommittee,ViceGM | Male | 53 | Incumbent | 91.89 | No |
| CaiLili | MemberofthePartyCommittee,ViceGM | Female | 50 | Incumbent | 169.54 | No |
| LiPeng | MemberofthePartyCommittee,ViceGM | Male | 46 | Incumbent | 166.26 | No |
| ZhangGejian | MemberofthePartyCommittee,ViceGM,BoardSecretary | Male | 47 | Incumbent | 160.23 | No |
| Total | -- | -- | -- | -- | 1,595.99 | -- |
VIPerformanceofDutybyDirectorsintheReportingPeriod
1.BoardMeetingsConvenedduringtheReportingPeriod
Meeting
| Meeting | Dateofthemeeting | Disclosuredate | Resolutions |
| The22ndMeetingofthe9thBoardofDirectors | 2021-03-30 | 2021-03-31 | ThereportsdeliberatedandapprovedincludedtheReportontheWorkoftheBoardofDirectorsin2020,the2020AnnualReport,the2020FinancialAccountsReportandthe2021FinancialBudgetReport.Fordetails,seetheAnnouncementontheResolutionsoftheBoardofDirectors(No.2021-08)onwww.cninfo.com.cn. |
| The23rdMeetingofthe9thBoardofDirectors | 2021-04-28 | 2021-04-29 | The2021FirstQuarterReportoftheCompanywasdeliberatedandapproved.Fordetails,seethefulltextofthe2021FirstQuarterReport(No.2021-21)onwww.cninfo.com.cn. |
| The24thMeetingofthe9thBoardofDirectors | 2021-08-27 | 2021-08-28 | The2021Semi-annualReportoftheCompanywasdeliberatedandapproved.Fordetails,seethefulltextofthe2021Semi-annualReport(No.2021-25)onwww.cninfo.com.cn. |
| The25thMeetingofthe9thBoardofDirectors | 2021-09-10 | 2021-09-11 | TheProposalontheTransitionoftheNinthBoardofDirectorsoftheCompanyandtheProposalonAmendingtheArticlesofAssociationandRelevantPoliciesweredeliberatedandapproved.Fordetails,seetheAnnouncementontheResolutionsofthe25thMeetingoftheNinthBoardofDirectors(No.2021-28)onwww.cninfo.com.cn. |
| The1stMeetingofthe10thBoardofDirectors | 2021-09-27 | 2021-09-28 | TheProposalontheElectionofChairmanoftheTenthBoardofDirectorsandtheProposalontheElectionofMembersoftheSpecialCommitteesoftheTenthBoardofDirectorsweredeliberatedandapproved.Fordetails,seetheAnnouncementontheResolutionsoftheFirstMeetingoftheTenthBoardofDirectors(No.2021-35)onwww.cninfo.com.cn. |
| The2ndMeetingofthe10thBoardofDirectors | 2021-10-15 | 2021-10-16 | TheOverallPlanfortheMarket-orientedSelectionandEmploymentoftheManagementTeamoftheCompanywasdeliberatedandapproved. |
| The3rdMeetingofthe10thBoardofDirectors | 2021-10-29 | 2021-10-30 | The2021ThirdQuarterReportoftheCompanywasdeliberatedandapproved.Fordetails,seethe2021ThirdQuarterReport(No.2021-41)onwww.cninfo.com.cn. |
The4
th
Meetingofthe10
thBoardofDirectors
| The4thMeetingofthe10thBoardofDirectors | 2021-12-03 | 2021-12-04 | TheproposalsdeliberatedandapprovedincludedtheProposalontheCompany's2020SeniorManagementPersonnelAssessmentResultsandApplicationPlans,theProposalontheTermAssessmentResultsoftheCompany'sManagementTeamandtheProposalonCashingthe2020Long-actingIncentiveBonuses. |
| The5thMeetingofthe10thBoardofDirectors | 2021-12-13 | 2021-12-14 | TheProposalontheWholly-ownedSubsidiary'sAcquisitionof100%EquityinShenzhenPropertyManagementCo.,Ltd.andRelated-partyTransactionswasdeliberatedandapproved.Fordetails,seetheAnnouncementontheResolutionsoftheFifthMeetingoftheTenthBoardofDirectors(No.2021-44)onwww.cninfo.com.cn. |
2.AttendanceofDirectorsatBoardMeetingsandGeneralMeetings
| Attendanceofdirectorsatboardmeetingsandgeneralmeetings | |||||||
| Director | Totalnumberofboardmeetingsthedirectorwaseligibletoattend | Boardmeetingsattendedonsite | Boardmeetingsattendedbywayoftelecommunication | Boardmeetingsattendedthroughaproxy | Boardmeetingsthedirectorfailedtoattend | Thedirectorfailedtoattendtwoconsecutiveboardmeetings(yes/no) | Generalmeetingsattended |
| LiuShengxiang | 9 | 4 | 5 | 0 | 0 | No | 3 |
| WangHangjun | 9 | 4 | 5 | 0 | 0 | No | 3 |
| WeiXiaodong | 9 | 4 | 5 | 0 | 0 | No | 3 |
| ShenXueying | 9 | 4 | 5 | 0 | 0 | No | 3 |
| WangGe | 9 | 4 | 5 | 0 | 0 | No | 3 |
| XieChang | 9 | 4 | 5 | 0 | 0 | No | 3 |
| MeiYonghong | 9 | 4 | 5 | 0 | 0 | No | 3 |
| LiDonghui | 5 | 2 | 3 | 0 | 0 | No | 1 |
| HuCaimei | 5 | 2 | 3 | 0 | 0 | No | 1 |
| YuanHongchang | 4 | 2 | 2 | 0 | 0 | No | 2 |
| LiQingyuan | 4 | 2 | 2 | 0 | 0 | No | 2 |
Whyanydirectorfailedtoattendtwoconsecutiveboardmeetings:
Notapplicable
3.ObjectionsRaisedbyDirectorsonMattersoftheCompany
IndicatebytickmarkwhetheranydirectorsraisedanyobjectionsonanymatteroftheCompany.
□Yes√NoNosuchcasesintheReportingPeriod.
4.OtherInformationaboutthePerformanceofDutybyDirectors
IndicatebytickmarkwhetheranysuggestionsfromdirectorswereadoptedbytheCompany.
√Yes□NoSuggestionsfromdirectorsadoptedornotadoptedbytheCompany:
DuringtheReportingPeriod,alldirectorsoftheCompanyactivelyattendedBoardmeetingsandgeneralmeetingsandperformedtheirdutiesdiligentlyandconscientiouslyinstrictaccordancewiththeArticlesofAssociation,theRulesofProcedureoftheBoardofDirectorsandrelevantlaws,rulesandregulations.BasedontheCompany'sreality,theyputforwardrelevantopinionsontheCompany'smajorgovernanceandoperationdecisionsandreachedconsensusthroughsufficientcommunicationanddiscussion.Additionally,theyresolutelysupervisedandpromotedtheimplementationoftheresolutionsoftheBoardofDirectors,toensurescientific,timelyandefficientdecision-makingandsafeguardthelegitimaterightsandinterestsoftheCompanyandallshareholders.
VIISpecialCommitteesundertheBoardofDirectorsduringtheReportingPeriod
Nameofcommittee
| Nameofcommittee | Members | Numberofmeetingsconvened | Dateofmeeting | Contents | Importantcommentsandsuggestions | Otherperformanceofduties | Specificdisputedmatters(ifany) |
| StrategicDevelopmentandInvestmentDecisionCommittee | LiuShengxiang,WangHangjun,WangGe,XieChangandWeiXiaodong | 0 | Notapplicable | Notapplicable | Notapplicable | GuidingthepreparationoftheCompany'sstrategicplanningduringthe"14thFive-yearPlan"period. | |
| AuditCommittee | LiQingyuan(outgoing),LiDonghui,WangHangjun,WeiXiaodong,MeiYonghong,YuanHongchang(outgoing)andHuCaimei | 4 | March19,2021 | Reviewingmattersconcerningtherenewaloftheaccountingfirm. | Agree | SupervisingtheworkofexternalauditagenciesandtheCompany'sinternalauditwork;supervisingtheimplementationoftheCompany'sinternalcontrolpolicies;coordinatingthecommunicationofthemanagement,internalauditdepartmentsandrelevantdepartmentswithexternalauditagencies. | |
| April26,2021 | 1.Reviewingthe2020annualauditreportandthe2021annualauditplanoftheCompany;2.ReviewingtheimplementationoftheCompany'sinternalauditinthefirstquarterof2021;3.ReviewingthereportsontheinspectionoftheguaranteeprovidedbytheCompanyin2020andrelated-partytransactions. | Agree | |||||
| September10,2021 | 1.ReviewingtheimplementationoftheCompany'sinternalauditinthesecondquarterof2021;2.ReviewingthereportsontheinspectionoftheguaranteeprovidedbytheCompanyinthefirsthalfof2021. | Agree | |||||
| October29,2021 | ReviewingtheimplementationoftheCompany'sinternalauditinthethirdquarterof2021 | Agree | |||||
| RemunerationandEvaluationCommittee | YuanHongchang(outgoing),HuCaimei,LiuShengxiang,ShenXueying,MeiYonghong,LiQingyuan(outgoing),LiDonghuiandXieChang(Note1) | 2 | May31,2021 | Reviewingthe2020annualperformanceassessmentresultsofthegroupcompany. | Agree | Studyingtheassessmentstandards,remunerationpoliciesandplansfortheCompany'sdirectorsandseniormanagementpersonnel;supervisingtheperformanceofdutiesbytheCompany'sdirectorsandseniormanagementpersonnel;conductingannualperformanceassessmentonthe | |
| November8,2021 | 1.Deliberatingthe2020AnnualPerformanceAssessmentPlanfortheSeniorManagementPersonneloftheGroupandtheTermAssessmentPlanfortheManagementTeamofSZPRD;2.Reviewingthe2020PersonalWorkReportandtheTermWorkReportoftheManagementTeam;3.ReviewingtheCompletionTableofAnnualPerformanceObjectivesoftheSeniorManagementPersonnelofSZPRD;4.Deliberatingthe | Agree |
Company'sdirectorsandseniormanagementpersonnelandofferingsuggestions.
| additionalitemsandvetoitemsofthe2020annualseniormanagementpersonnelassessment;5.Deliberatingthelistofscoringpersonnelfortheannualandtermseniormanagementpersonnelassessment. | Company'sdirectorsandseniormanagementpersonnelandofferingsuggestions. | |||||
| NominationCommittee | MeiYonghong,LiuShengxiang,WangGe,YuanHongchang(outgoing),LiQingyuan(outgoing),HuCaimeiandLiDonghui | 4 | March20,2021 | VerifyingandreviewingthequalificationsofMr.ZhangGejianastheSecretaryoftheBoardofDirectorsoftheCompany | Agree | StudyingthesizeandconstitutionoftheBoardofDirectorsanditsspecialcommitteesandofferingsuggestionstotheBoardofDirectors. |
| September6,2021 | VerifyingandreviewingthequalificationsofthecandidatesfortheTenthBoardofDirectorsoftheCompany | Agree | ||||
| September27,2021 | VerifyingandreviewingthequalificationsofMr.ZhangGejianastheSecretaryoftheBoardofDirectorsoftheCompany | Agree | ||||
| December16,2021 | ReviewingtheresultsofworkreportingandinternalcompetitionoftheCompany'smanagementteamandtheemploymentofseniormanagementpersonnel | Agree |
Note1:UponthedeliberationandapprovalofthethirdmeetingoftheTenthBoardofDirectors,Mr.XieChangwillserveasamemberoftheRemunerationandEvaluationCommitteefrom29October2021andMr.LiuShengxiangisnolongeramemberofsuchcommittee.VIIIPerformanceofDutybytheSupervisoryCommittee
IndicatebytickmarkwhethertheSupervisoryCommitteefoundanyrisktotheCompanyduringitssupervisionintheReportingPeriod.
□Yes√NoTheSupervisoryCommitteeraisednoobjectionsintheReportingPeriod.
IXEmployees
1.Number,FunctionsandEducationalBackgroundsofEmployees
| Numberofin-serviceemployeesoftheCompanyastheparentattheperiod-end | 102 |
| Numberofin-serviceemployeesofmajorsubsidiariesattheperiod-end | 7,556 |
| Totalnumberofin-serviceemployeesattheperiod-end | 7,658 |
| TotalnumberofpaidemployeesintheReportingPeriod | 7,658 |
| NumberofretireestowhomtheCompanyastheparentoritsmajorsubsidiariesneedtopayretirementpensions | 0 |
| Functions | |
| Function | Employees |
| Production | 5,420 |
| Sales | 157 |
| Technical | 1,302 |
| Financial | 191 |
Administrative
| Administrative | 403 |
| Managerial | 185 |
| Total | 7,658 |
| Educationalbackgrounds | |
| Educationalbackground | Employees |
| CollegeandTechnicalsecondaryschoolgraduatesandabove | 3,127 |
| Highschoolgraduatesandbelow | 4,531 |
| Total | 7,658 |
2.EmployeeRemunerationPolicy
In2021,theGroupstucktoremunerationsystemofindustrializationwithintheGroupandmarketizationintheindustry,referredtomarketremunerationlevelofthesameindustry,reformedbravelyandpromotedtheincomedistributionsystemreformandupgradingofthesubordinatecompaniesstablybylearningfromexternalexperienceaswellasmultipledemonstration,completedremunerationperformancemanagementsystem,establishedincrementalsharingmechanism,studiedandrevisedorganizationframeworkdesign,departmentfunctiondivision,fixedpositionandfixedarrangementandremunerationperformanceofsubordinatedCompaniesbasedonmarketizedprinciple.
3.EmployeeTrainingPlans
In2021,theGroupkeptimprovingthemulti-leveltrainingsystemforemployees,formulatedtrainingplanaccordingtooperationdevelopmentneeds,andadoptedbothinternalandexternaltrainings,withfocusesonspecialcoursesofrealestate,comprehensivemanagementability,jobskillimprovement,andothercourses,organizedalltheemployeestotakepartintrainingbygradeasplanned,improvedtheprofessionalquality,businessabilityandexecutionabilityofstaffteam,enhancedtheunderstandingandconscientiousnessforgoverningtheenterprisebylawandactingaccordingtorules.
4.LaborOutsourcing
□Applicable√NotapplicableXProfitDistributions(intheFormofCashand/orStock)Howtheprofitdistributionpolicy,especiallythecashdividendpolicy,wasformulated,executedorrevisedintheReportingPeriod:
□Applicable√NotapplicableIndicatebytickmarkwhethertheCompanyfailstoputforwardacashdividendproposaldespitethefactsthattheCompanyhasmadeprofitsintheReportingPeriodandtheprofitsoftheCompanyastheparentdistributabletoshareholdersarepositive.
□Applicable√NotapplicableFinaldividendplanfortheReportingPeriod:
√Applicable□Notapplicable
| Bonussharesforevery10shares(share) | 0 |
| Dividendforevery10shares(RMB)(tax | 6.80 |
inclusive)
| inclusive) | |
| Totalsharesasthebasisfortheprofitdistributionproposal(share) | 595,979,092 |
| Cashdividends(RMB)(taxinclusive) | 405,265,782.56 |
| Cashdividendsinotherforms(suchassharerepurchase)(RMB) | 0.00 |
| Totalcashdividends(includingthoseinotherforms)(RMB) | 405,265,782.56 |
| Distributableprofit(RMB) | 1,337,497,586.41 |
| Totalcashdividends(includingthoseinotherforms)as%oftotalprofitdistribution | 100% |
| Cashdividendpolicy | |
| IftheCompanyisinamaturedevelopmentstageandhasnoplansforanysignificantexpenditure,inprofitallocation,theratioofcashdividendsintheprofitallocationshallbe80%orabove. | |
| Detailsabouttheproposalforprofitdistributionandconvertingcapitalreserveintosharecapital | |
XIEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIIConstructionandImplementationofInternalControlSystemduringtheReportingPeriod
1.InternalControlConstructionandImplementation
DuringtheReportingPeriod,theCompanyestablished,improvedandeffectivelyimplementedinternalcontrolaccordingtotheBasicCodeforInternalControlofEnterprises,theGuidelinesonInternalControlofListedCompaniesandtheCompany'sactualsituation,toensurethelegitimacyandcomplianceofbusinessandmanagement,guaranteescientificandrationaloperatingproceduresandpromotethenormalandorderlyfunctioningofallmajorprocesses.TheBoardofDirectorsoftheCompanyisinfullchargeofthedevelopment,implementationandimprovementoftheCompany'sinternalcontrolsystemandcarriesoutregularinspectionsandeffectassessmentsoninternalcontrol.Besides,itservesasthehighestdecision-makingbodyandtheultimatelyresponsibleunitfortheCompany'scomprehensiveriskmanagementandisresponsiblefortheeffectivenessoftheCompany'scomprehensiveriskmanagement.TheAuditCommitteeundertheBoardofDirectorsisaccountabletotheBoardofDirectorsandisunderthedirectleadershipoftheBoardofDirectors.TheAuditCommitteecarriesoutvariousworkthroughinternalauditdepartments,suchassupervisingandinspectingtheimplementationoftheinternalcontrolsystem,assessingtheeffectivenessofinternalcontrolandofferingsuggestionsonhowtoimproveinternalcontrolandcorrectmistakes.TheBoardofSupervisorsisinchargeofsupervisingandinspectingtheimplementationofinternalcontrolandtheestablishment,improvementandimplementationoftheriskmanagementsystem.In2021,theCompanylaunchedtheprojectofriskmanagementandinternalcontrolsystemoptimizationandfinancialmanagement
systemstandardization,toimplementtherelevantrequirementsintheNoticeonProperlyBuildingandSupervisingtheInternalControlSystemofMunicipalState-ownedEnterprisesin2021(S.G.Z.W.H.[2021]No.81)forpromotingthemodernizationofenterprisemanagementsystemsandmanagementcapabilities,improvingenterpriseinternalcontrolsystemsandfurtherenhancingtheanti-riskcapabilitiesofenterprises,aswellastorealizetheCompany'sunifiedstandardizedmanagementandtheneedtostandardizetheCompany'sfinancialmanagementandaccountingforfuturedevelopment.Thestandardizationofthefinancialmanagementsystemwasbasicallycompletedwithintheyearandtheoptimizationframeworkoftheriskandinternalcontrolsystemwasroughlyestablished.Theacceptanceofthecorrespondingresultswillbecompletedin2022andtheimplementationwillbeorganizedatthesametime.
2.MaterialInternalControlWeaknessesIdentifiedfortheReportingPeriod
□Yes√NoXIIIManagementandControlofSubsidiariesbytheCompanyduringtheReportingPeriod
Nameofcompany
| Nameofcompany | Integrationplan | Integrationprogress | Problemsencounteredinintegration | Solutionstaken | Settlementprogress | Follow-upsettlementplan |
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 1.Theimplementationoffinancialsupervision;2.Thestrengtheningofbusinesssynergy. | 1.TheGroupincorporatedFMCintofinancialsupervisioninSeptember2021;2.Intermsofbusiness,FMCcarriedoutcooperationwithITCPropertyManagementindigitalplanning,standardsystembuildingandearlyinterventionservices. | None | None | None | None |
XIVSelf-EvaluationReportorIndependentAuditor’sReportonInternalControl
1.InternalControlSelf-EvaluationReport
| Disclosuredateoftheinternalcontrolself-evaluationreport | 30March2022 | |
| Indextothedisclosedinternalcontrolself-evaluationreport | http://www.cninfo.com.cn | |
| Evaluatedentities’combinedassetsas%ofconsolidatedtotalassets | 99.00% | |
| Evaluatedentities’combinedoperatingrevenueas%ofconsolidatedoperatingrevenue | 99.00% | |
| Identificationstandardsforinternalcontrolweaknesses | ||
| Type | Weaknessesininternalcontroloverfinancialreporting | Weaknessesininternalcontrolnotrelatedtofinancialreporting |
| Naturestandard | Indicationsoftheseriousdefectofthefinancialreportwereincluding:1.the | Majordefectsinclude:1.Seriousviolationofnationallawsand |
controlenvironmentisinvalid;
2.Commitmentofmajorfraudbydirectors,supervisorsorseniormanagementoftheCompany;
3.theauditinstitutiondiscoveredthecurrentfinancialreporthadgreatdefectwhiletheinternalcontroloftheCompanydidn’tfoundoutduringtheoperatingprocess;
4.CorrectionofmajormisstatementinfinancialreportsreportedordisclosedbytheCompany;
5.thesupervisionoftheCompany’sAuditCommitteeandtheinternalauditdepartmentontheinternalcontrolwasinvalid.Indicationsoftheimportantdefectofthefinancialreportwereincluding:1.didn’tabidebytheuniversallyacknowledgedaccountingstandardtochooseandapplytheaccountingpolicies;2.hadnotbuiltuptheanti-fraudprocessandthecontrolmeasures;3.hadnotbuiltupthecorrespondingcontrolmechanismorhadnotexecutedthecorrespondingcompensatingcontrolfortheaccountingtreatmentwhichwasunconventionalorwithspecialtransaction;4.thecontrolduringtheprocessofthefinancialreportattheperiod-endexistedoneormultipledefectsthatcouldnotguaranteethecompileofthefinancialreportreachthegoalofbeingrealandcomplete;
5.Importantorgeneraldefectsofinternalcontroltoberectified.Commondefect:referstotheothercontroldefectexceptfortheabovegreatdefectandsignificantdefect.
| controlenvironmentisinvalid;2.Commitmentofmajorfraudbydirectors,supervisorsorseniormanagementoftheCompany;3.theauditinstitutiondiscoveredthecurrentfinancialreporthadgreatdefectwhiletheinternalcontroloftheCompanydidn’tfoundoutduringtheoperatingprocess;4.CorrectionofmajormisstatementinfinancialreportsreportedordisclosedbytheCompany;5.thesupervisionoftheCompany’sAuditCommitteeandtheinternalauditdepartmentontheinternalcontrolwasinvalid.Indicationsoftheimportantdefectofthefinancialreportwereincluding:1.didn’tabidebytheuniversallyacknowledgedaccountingstandardtochooseandapplytheaccountingpolicies;2.hadnotbuiltuptheanti-fraudprocessandthecontrolmeasures;3.hadnotbuiltupthecorrespondingcontrolmechanismorhadnotexecutedthecorrespondingcompensatingcontrolfortheaccountingtreatmentwhichwasunconventionalorwithspecialtransaction;4.thecontrolduringtheprocessofthefinancialreportattheperiod-endexistedoneormultipledefectsthatcouldnotguaranteethecompileofthefinancialreportreachthegoalofbeingrealandcomplete;5.Importantorgeneraldefectsofinternalcontroltoberectified.Commondefect:referstotheothercontroldefectexceptfortheabovegreatdefectandsignificantdefect. | regulationsleadingtomajorlitigation,orinvestigationofregulatoryagencies,orderedsuspensionofbusinessforrectification,investigationforcriminalresponsibilityorreplacementofseniormanagers;2.Abnormalmajorchangesofdirectors,supervisors,seniormanagementandmaintechnicalpersonneloftheCompany;3.Majordecision-makingerrorsduetolackofinternaldemocraticdecision-makingproceduresorunscientificprocedures;4.Seriouslossofcoremanagementortechnicalpersonnel;5.Viciousnegativenewsfrequentlyappearedinthemedia,involvingawiderangeandnegativeexistinginfluence;6.SignificantimpactontheCompany’sproductionandoperationduetolackofsystemcontrolorsystemfailureofimportantbusiness;7.Majordefectsofinternalcontrolevaluationtoberectified;8.AnyothernegativecircumstancesgeneratingsignificantimpactontheCompany.Significantdefectsinclude:1.Incompletedemocraticdecision-makingprocessthataffectsproductionandoperationoftheCompany;2.Violationofinternalrulesandregulationsleadingtoimportantlosses;3.ExposureofnegativenewsbythemedialeadingtosignificantimpactontheCompany;4.Importantdefectsofimportantbusinessregulationsorsystemtoberectified;5.Anyothernegativecaseleadingto |
greatimpactontheCompany.Commondefects:anyothercontroldefectexceptfortheabovemajorandsignificantdefects.
| greatimpactontheCompany.Commondefects:anyothercontroldefectexceptfortheabovemajorandsignificantdefects. | ||
| Quantitativestandard | Seriousdefect:potentialmisstatementoftheoperatingincome≥1%oftheoperatingincomeoftheconsolidatedstatementsoftheCompany,potentialmisstatementofthetotalassetsamount≥0.40%ofthetotalassetsoftheconsolidatedstatementsoftheCompany,potentialmisstatementofthenetassets≥1.00%ofthenetassetsoftheconsolidatedstatementsoftheCompany.Importantdefect:0.50%oftheoperatingincomeoftheconsolidatedstatementsoftheCompany≤misstatement<1%oftheoperatingincomeoftheconsolidatedstatementsoftheCompany;0.2%ofthetotalassetsoftheconsolidatedstatementsoftheCompany≤misstatement<0.4%ofthetotalassetsoftheconsolidatedstatementsoftheCompany,0.5%ofthenetassetsoftheconsolidatedstatementsoftheCompany≤misstatement<1%ofthenetassetsoftheconsolidatedstatementsoftheCompany.Commondefect:misstatementoftheoperatingincome<0.5%oftheoperatingincomeoftheconsolidatedstatementsoftheCompany,misstatementofthetotalassetsamount<0.2%ofthetotalassetsamountoftheconsolidatedstatementsoftheCompany,misstatementofthenetassets<0.5%ofthenetassetsoftheconsolidatedstatementsoftheCompany. | Majordefects:directpropertyloss≥1.00%ofnetassetsofthepreviousyear;Significantdefects:0.5%ofnetassetsofthepreviousyear≤directpropertyloss<1.00%ofnetassetsofthepreviousyear;Commondefects:directpropertyloss<0.5%ofnetassetsofthepreviousyear. |
| Numberofmaterialweaknessesininternalcontroloverfinancialreporting | 0 | |
| Numberofmaterialweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 | |
| Numberofseriousweaknessesininternalcontroloverfinancialreporting | 0 | |
Numberofseriousweaknessesininternalcontrolnotrelatedtofinancialreporting
| Numberofseriousweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 |
2.IndependentAuditor’sReportonInternalControl
√Applicable□Notapplicable
| Opinionparagraphintheindependentauditor’sreportoninternalcontrol | |
| WebelievethatShenzhenProperties&ResourcesDevelopment(Group)Ltd.maintainedefficientinternalcontroloffinancialreportsinallsignificantaspectsaccordingto“BasicStandardsofCorporateInternalControl”andrelevantregulations. | |
| Independentauditor’sreportoninternalcontroldisclosedornot | Disclosed |
| Disclosuredate | 30March2022 |
| Indextosuchreportdisclosed | http://www.cninfo.com.cn |
| Typeoftheauditor’sopinion | Unmodifiedunqualifiedopinion |
| Materialweaknessesininternalcontrolnotrelatedtofinancialreporting | None |
Indicatebytickmarkwhetheranymodifiedopinionisexpressedintheindependentauditor’sreportontheCompany’sinternalcontrol.
□Yes√NoIndicatebytickmarkwhethertheindependentauditor’sreportontheCompany’sinternalcontrolisconsistentwiththeinternalcontrolself-evaluationreportissuedbytheCompany’sBoard.
√Yes□No
XVRemediationofProblemsIdentifiedbySelf-inspectionintheSpecialActionontheGovernanceofListedCompaniesIn2021,aftertheCompanyparticipatedintheself-inspectionofthespecialactiononthegovernanceoflistedcompanies,theCompany'sleadersattachedgreatimportanceandperformedself-inspectionitembyitemaccordingtotheself-inspectionrequirementsoftheCSRCShenzhen.Oneproblemwasidentifiedduringtheself-inspection,thatis,theproportionofequitysharesheldbyasingleshareholderanditspersonsactinginconcertwas30%orabove,buttheCompanyfailedtoimposethecumulativevotingsystemintheArticlesofAssociationasrequired.Theremediationmeasureisasfollows:TheCompanyheldthe25thmeetingoftheNinthBoardofDirectorsonSeptember10,2021andthefirstextraordinarygeneralmeetingof2021onSeptember27,wheretheproposalonamendingtheArticlesofAssociationwasdeliberatedandapproved.Article84intheArticlesofAssociationwasamendedfrom"whenvotingontheelectionofdirectorsandsupervisorsatthegeneralmeeting,thecumulativevotingsystemmaybeimplemented"to"whenvotingontheelectionofdirectorsandsupervisorsatthegeneralmeeting,thecumulativevotingsystemshallbeimplemented".TheRulesofProcedureoftheGeneralMeetingwerealsoamended.Fordetails,seetheComparisonTableofAmendmentstotheArticlesofAssociationandRelevantPolicies(No.2021-33)onwww.cninfo.com.cn.ThisproblemwasremediedduringtheReportingPeriod.
PartVEnvironmentalandSocialResponsibilityIMajorEnvironmentalIssues
IndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
□Yes√NoAdministrativepenaltiesimposedforenvironmentalissuesduringtheReportingPeriod
Nameofthecompanyorsubsidiarycompany
| Nameofthecompanyorsubsidiarycompany | Penaltyreason | Violationsituation | Penaltyresult | Impactontheproductionandoperationofthelistedcompanies | RemediationmeasuresoftheCompany |
| N/A | N/A | N/A | N/A | N/A | N/A |
OtherenvironmentalinformationdisclosedwithreferencetokeyemissionunitsTheCompanyattachesgreatimportancetoenvironmentalprotectionandstrictlyimplementsrelevantlawsandregulations.DuringtheReportingPeriod,nomajorenvironmentalviolationsoccurredandnoadministrativepenaltieswereimposedonenvironmentalprotection.ActionstakentoreducecarbondioxideemissionsduringtheReportingPeriodandtheimpact:
□Applicable√NotapplicableReasonsfornotdisclosingotherenvironmentalinformationNeithertheCompanynoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
IISocialResponsibilitySinceitsinception,SZPRDhasbeenadheringtotheconceptofhonesty,responsibilityandwin-wincooperationforthebenefitofsociety.TheCompanyactivelyfulfillsitssocialresponsibilitiesandalwaystakesrepayingthesocietyasanimportantdevelopmentconcept.Itactivelyfulfillsitsstatutorysocialresponsibilitiesandethicalsocialobligations,andunifiestherealizationofeconomicandsocialbenefitstocreateanexcellentcorporateimage.TheCompanycarriedoutthefollowingactivitiestoperformitssocialresponsibilityin2021:
(I)HelpingwiththenationalfightagainstpovertythroughconsumptionpovertyalleviationThePartyCommitteeofSZPRDrespondedactivelytothecalloftheCPCCentralCommitteeandtheStateCouncilfordeepeningconsumptionpovertyalleviationtohelpwiththenationalfightagainstpoverty,implementedtheworkarrangementsofShenzhenSASACandorganizedtheimplementationofconsumptionpovertyalleviation.TheconsumptionamountthroughouttheyearreachedRMB1.45million,indicatingthattheCompanyfollowedthecentralgovernment'sconsumptionpovertyalleviationpolicywithheartandsoul.(II)VisitingtheseriouslyillemployeesindifficultyInordertoensurethattheGroup'sPartymembersinneedandemployeesinneedhaveawarmandpeacefulSpringFestival,on29January2021,thePartyCommitteeoftheGroupcarriedoutasymposiumtoextendregardstotheemployeesinneedbeforetheSpringFestival.LiuShengxiang,SecretaryofthePartyCommitteeoftheGroupandChairmanoftheGroup,WangHangjun,Deputy
SecretaryofthePartyCommitteeoftheGroupandGeneralManageroftheGroup,WeiXiaodong,DeputySecretaryofthePartyCommitteeoftheGroupandChairmanoftheLaborUnionoftheGroup,andotherleadersbroughtgiftsandmoneytorepresentativesofPartymembersandemployeesinneed,withatotalamountofaboutRMB102,000.Atthesymposium,theleaderstalkedwiththerepresentativesoftheemployeesinneed,learnedtheirlivingconditionsandpracticaldifficultiesindetail,listenedtotheiropinions,encouragedthemtomaintainanoptimisticattitude,facedifficultiesandlifepositively,andestablishconfidencetoovercomedifficulties.LiuShengxiang,SecretaryofthePartyCommitteeoftheGroupandChairmanoftheGroup,introducedtheachievementsoftheGroupin2020andthestrategicplanofthe14thFive-YearPlan,andaffirmedthepositivecontributionmadebyallofthemtothedevelopmentoftheGroupbyperformingtheirdutiesbasedontheirpositionsandovercomingdifficulties.HestressedthattheGroupshouldactivelybuildaharmoniousenterpriseintheprocessofdevelopment,timelyunderstandthelivingconditionsofemployeesinneed,maptheirpracticaldifficulties,andtrytheirbesttosolvetheirproblems,sothattheycaneffectivelyfeelthewarmthoftheenterprisefamily.(III)Conductingblooddonationactivitiestocelebratethe100thanniversaryofthefoundingoftheCommunistPartyofChinaOnJune29,the10th"RedFlag,RedAction"blooddonationactivitywasjointlyorganizedbyShenzhenBloodCenter,thejointPartybranchofGuomaomeiLifeServiceandShenzhenInternationalTradeCenterBuildingandthePartyCommitteeofLuohuBranchofBankofChinaShenzhenBranch.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.(IV)ThenationalBloodDonationMonthactivitybythePartyCommitteeoftheSZPRD-ownedITCPropertyManagementTocelebratethe100thanniversaryofthefoundingoftheCPC,practicetheactivitythat"Idopracticalthingsforthemasses",furtherspreadthevolunteerservicespiritofShenzhenanddeepenthedevelopmentofthecharacteristicPartybuildingbrandof"OneBrandforOneEnterprise",thePartyCommitteeoftheSZPRD-ownedITCPropertyManagementlaunchedthe10thvoluntaryblooddonationeventonthethemeof"RedFlagandRedAction"andorganizedaffiliatedenterprisestocarryoutthenationalBloodDonationMonth,aimingatmakingactivecontributionstoalleviatingtheshortageofbloodduringthepandemic."Goinginharm'swayforloveandwalkingwithlove",thePartyCommitteeoftheCompanystartedthiscampaignwithShenzhenasthecenter,andthePartymembersandmassesofaffiliatedenterprisesnationwiderespondedpositively.Specifically,11companieswereinvolved,476personsparticipatedintheblooddonation,385ofthemdonatedtheirblood,andtheamountofdonatedbloodreached135,200ml.TheCompanywillcontinuetofulfillitsoriginalaspirationandmission,bringtheenterprisebusinessadvantageintofullplay,consolidatetheenterprisePartybuildingbrand,keeppromotingvoluntaryblooddonation,fulfillitssocialresponsibilitiesandcontributetothesocialundertakingofvoluntaryblooddonation.(V)GoingallthewaytoYangzhoutocombatthepandemic
AftertheoutbreakofthepandemicinYangzhou,theSZPRD-ownedplatformcompanyITCPropertyManagementsetupaspecialgrouponAugust2accordingtotheGroup'sunifiedarrangementsandurgentlypreparedanti-epidemicsupplies.CompaniesfromtheGroup'spropertysegment,includingITCTechnologyPark,GuomaomeiLife,IndustrialParkBranch,High-techZoneBranchandShenzhenGuomaoShenlvGarden,wereorganizedtojointlycollectanti-epidemicmaterials.Adozenofdisinfectionequipment,nearly1,000kgofmedicineandmorethan50,000protectiveappliancesweresenttoYangzhou,contributingtoYangzhou'sfightagainstthepandemicwithpracticalactions.(VI)SocialhonorsAgroupofadvancedcollectivesandindividualswithoutstandingperformanceintheimplementationofthereformprojectinLuohuDistrict,Shenzhen,werehonoredbytheLuohuDistrictPartyCommitteeinaccordancewiththerequirementsintheReplyoftheOfficeoftheCoordinationGroupfortheEvaluationandComplianceWorkofGuangdongProvinceontheShenzhenMunicipalPartyCommitteeandMunicipalGovernment'sApplicationforCommendationandRewardProjects.SZPRDwonthetitleof"AdvancedCollectiveofReformandInnovationAwardinLuohuDistrict"owingtoitscourageofbeingareformpioneer,enthusiasmforbeingaforerunnerofinnovationanddevelopmentandvividreformandoperationpractices.TheGuangdongAssociationforQualityannouncedtheselectionresultsof2021QualityBenchmarkModelsinGuangdongProvince.Afterseveralprocessessuchastherecommendationbyqualityassociationsandindustryassociationsinvariousprefecture-levelcitiesinGuangdongProvinceandmaterialreview,theSZPRD-ownedITCPropertyManagementwonthetitleof"2021QualityBenchmarkEnterpriseinGuangdongProvince"forthework-ManagementExperienceofShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.inImplementingtheQualityManagementPolicy.
IIIEffortsinPovertyAlleviationandRuralRevitalization
ThePartyCommitteeofSZPRDrespondedactivelytothecalloftheCPCCentralCommitteeandtheStateCouncilfordeepeningconsumptionpovertyalleviationtohelpwiththenationalfightagainstpoverty,implementedtheworkarrangementsofShenzhenSASACandorganizedtheimplementationofconsumptionpovertyalleviation.TheconsumptionamountthroughouttheyearreachedRMB1.45million,indicatingthattheCompanyfollowedthecentralgovernment'sconsumptionpovertyalleviationpolicywithheartandsoul.Saveasdisclosedabove,theCompanydidnottakeanyotheractionsforpovertyalleviationandruralrevitalizationduringtheReportingPeriod,norhasitanysubsequentplaninthisrespect.
PartVISignificantEventsIFulfillmentofCommitments
1.CommitmentsoftheCompany’sActualController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandotherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-end
√Applicable□Notapplicable
Commitment
| Commitment | Promisor | Typeofcommitment | Detailsofcommitment | Dateofcommitmentmaking | Termofcommitment | Fulfillment |
| Commitmentsmadeinacquisitiondocumentsorshareholdingalterationdocuments | ShenzhenInvestmentHoldingsCo.,Ltd.(SIHC) | Commitmentsonhorizontalcompetition,related-partytransactionsandcapitaloccupation | Wholly-ownedsubsidiaryShenzhenConstructionDevelopmentandmajority-ownedsubsidiarySPGofSIHCdealwithrealestateoperationandcommercialhousesales,whichbelongtothesameindustryoftheListedCompany,andhashorizontalcompetitionwiththeListedCompany.Toavoidhorizontalcompetition,SIHCmakethefollowingcommitments1. | 6September2018 | Threeyears | Normalperformance |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Commitmentsonhorizontalcompetition,related-partytransactionsandcapitaloccupation | ToreduceandstandardizerelatedtransactionswiththeListedCompany,SIHCmakesthefollowingcommitments3. | 6September2018 | Long-term | Normalperformance | |
| Othercommitmentsmadetominorityshareholders | ShenzhenInvestmentHoldingsCo.,Ltd. | Performancecommitmentandcompensationarrangement | SIHCsighedequitytransfercontracton100%equitytransferofTKPropertywiththeCompany,andthecontractstipulatedrelevantcommitmentsonperformance4. | 23September2019 | Threeyears | Normalperformance |
| Fulfilledontime | Yes | |||||
Note1:Wholly-ownedsubsidiaryShenzhenConstructionDevelopmentandmajority-ownedsubsidiarySPGofSIHCdealwithrealestateoperationandcommercialhousesales,whichbelongtothesameindustryoftheListedCompany,andhashorizontalcompetitionwiththeListedCompany.Toavoidhorizontalcompetition,SIHCmakethefollowingcommitments:1.OnthehorizontalcompetitionsolutionofShenzhenConstructionDevelopment:astheholdingshareholderoftheListedCompany,duringthelistingperiodatShenzhenStockExchangeoftheListedCompany,asforthecurrentbusinessofShenzhenConstructionDevelopmentwhichhashorizontalcompetitionwiththeListedCompany,withinthescopepermittedbylawandregulation,within12monthsfrom
theequityofSZPRDbeingtransferredtoSIHC,SIHCwillstartthesolutionwithpracticaloperabilityamongbelowhorizontalcompetitionsolutiontimelyandcompleteimplementationofthesolutionwithin3yearsfromthedatethattheequityofSZPRDistransferredtoSIHCtosolvecurrenthorizontalcompetitionproblems:(1)ShenzhenConstructionDevelopmentsignsassetcustodyagreementwiththeListedCompany,entruststheassetswhichhasdirectcompetitionwiththeListedCompanytotheListedCompany,confirmsfaircustodianfeeatthesametime,andtakeseffectivemeasurestosolvehorizontalcompetitionwithincommitmentperiod;(2)InjectassetswithdirectcompetitionwiththeListedCompanyintotheListedCompany;(3)TransferassetswithdirectcompetitionwiththeListedCompanytounrelatedthirdparty;(4)othermeasureswhichcansolvehorizontalcompetitioneffectivelyandisfavorableforprotectingtheinterestoftheListedCompanyandlegalinterestsofothershareholders.Beforesolvingcurrenthorizontalcompetition,whilecompany,enterprise,economicorganization(notincludingenterprisescontrolledbytheListedCompany,hereinafterreferredtoassubordinatedCompanies)whichtheListedCompanyandSIHCholdcontrollingsharesorcontrolsactuallyhavebusiness,incasetheinvolveddispute,etc.havemajorinfluenceonthebusiness,SIHCshouldkeepneutralasacontrollingshareholdertoensurethattheListedCompanyandsubordinatedCompaniescantakepartinmarketcompetitionontheprincipleoffaircompetition.2.HorizontalcompetitionsolutionofSPG:From14September2016tonow,SPGhashadstocksuspensionbecauseofmajorassetsrestructuring.AccordingtoReviewOpinionsonDelayingStockResumptionbecauseofMajorAssetsRestructuringofSPGannouncedbyCITICSecuritiesandHuataiSecuritieson26November2016,therestructuringsolutionisthatSPGplanstoissueAshareand/orusecurrencytopurchase100%equityofEvergrandeGroup(hereinafterreferredtoas“therestructuringofSPG”).On9November2020,SPGissuedanannouncementthatthecurrentconditiontocontinuetopromotethemajorassetsrestructuringwasnotsoundyetbasedonthecurrentmarketenvironmentanddecidedtoterminatethistransactiontosafeguardinterestsofthecompanyandallshareholders.Aftertheterminationofthistransaction,SIHCisstillthecontrollingshareholderofSPG.ForbusinessofSPGwhichhashorizontalcompetitionwiththeListedCompany,SIHC,withinthescopepermittedbylawandregulation,SIHCwillstartarationalhorizontalcompetitionsolutionaccordingtoactualsituationatthetimewithin12monthsaftertheterminationofreconstructionofSPGandstockresumptionannouncementdate,andfulfillannouncementobligation,andSPGwillcompletetoimplementthesolutionandsolvethehorizontalcompetitionbetweenSZPRDandSPGwithin3yearsfromthedateSPGterminatesthereconstructionandannouncesstockresumption.3.Othercommitmentstoavoidhorizontalcompetition:asthecontrollingshareholderoftheListedCompanyandduringthelistingperiodoftheListedCompanyatShenzhenStockExchange,othersubordinatedCompaniesofSIHCwillnotengageinrelevantbusinesswhichhasdirecthorizontalbusinesscompetitionwiththeListedCompanyinnewbusinessfieldsexceptforinthebusinessfieldwhereitalreadyhashadhorizontalcompetitionwiththeListedCompany.ShenzhenInvestmentHoldingspromisesnottoseekimproperbenefitswiththepositionofcontrollingshareholderoftheListedCompanyanddamagetheinterestoftheListedCompanyanditsshareholders.Incaseofviolatingabovecommitment,SIHCshallundertakecorrespondinglegalliabilities,includingbutnotlimitedtoundertakingcompensationresponsibilitiesforalllossescausedtotheListedCompany.Note2:SIHChasalwaysbeenactivelycommittedtofulfillingitsrelevantcommitments.Duringthetermofcommitment,SIHCdidnotseekanyillegitimateinterestsasthecontrollingshareholdingofSZPRDordamageanyrightsandinterestsofSZPRDanditsshareholders.Duringthetermofcommitment,SIHCactivelycollatedtheunderlyingassetsandbusinessesofShenzhenConstructionDevelopment(Group)CompanyanddevoteditselftodevelopingpracticalandfeasibleplansassoonaspossibletosolvethehorizontalcompetitionissueforSZPRD.ItalsoactivelypromotedtherestructuringofSPG.However,giventheobjectivecircumstances,SIHCfailedtofulfilltheoriginalcommitmenttoavoidhorizontalcompetition.SIHCre-issuedtheLetteronChangingtheCommitmenttoAvoidingHorizontalCompetitionon31August2021andsuchcommitmentchangematterwasapprovedatthefirstextraordinarygeneralmeetingof2021heldon27September2021.Formoredetails,seetheAnnouncementontheApplicationbytheCompany'sControllingShareholderforChangingtheCommitmenttoAvoidingHorizontalCompetition(AnnouncementNo.:2021-32)disclosedbytheCompanyonwww.cninfo.com.cnon11September2021.Note3:ToreduceandstandardizerelatedtransactionswiththeListedCompany,ascontrollingshareholderoftheListedcompanyandduringthelistingperiodoftheListedCompanyatShenzhenExchangeStock,SIHCpromises:1.SIHCanditscontrollingoractuallycontrolledcompanies,enterprises,economicorganizations(notincludingenterprisescontrolledbytheListedCompany,
hereinafterreferredtoasthe“subordinatedcompanies”)willstrictlyexercisetherightsofshareholdersaccordingtoprovisionsoflaws,regulations,andothernormativedocuments,andfulfilltheobligationsofshareholders,andkeeptheindependenceoftheListedCompanyinassets,finance,employees,businessandagency,etc.2.SIHCpromisesnottouseitspositionofcontrollingshareholdertopromoteboardofshareholdersorboardofdirectorstomakeresolutionswhichmaydamagethelegalinterestoftheListedCompanyorothershareholders;3.SIHCanditssubordinatedcompanieswilltrytheirbesttoavoidhavingrelatedtransactionswiththeListedCompany.IncasethetransactionwiththeListedCompanyisinevitable,SIHCanditssubordinatedcompanieswillhavetransactionwiththeListedCompanyonthebasisofequalityandfreewill,accordingtofair,rationalandnormalcommercialtransactionconditions,willnotrequireoracceptconditionswhichismorepreferentialthantheListedCompanygivestothethirdpartyinanyfairmarkettransactions,andstrictlyfulfillvariousrelatedtransactionswiththeListedCompanywithgoodwill.4.SIHCanditssubordinatedcompanieswillstrictlyfulfilldecisionmakingproceduresandrelevantinformationdisclosureobligationsofrelatedtransactionsaccordingtoarticlesofassociationoftheListedCompanyandrelevantlawsandregulations.5.SIHCanditssubordinatedcompanieswillmakesurethattheywillnotseekspecialinterestsbeyondabovestipulationsbyhavingrelatedtransactionswiththeListedCompany,willnotuserelatedtransactionstoillegallytransferfundsandprofitsoftheListedCompanyandtomaliciouslydamagethelegalinterestsoftheListedCompanyanditsshareholders.6.AsforcurrentrelatedtransactionwiththeListedCompany,withinthescopepermittedbylawsandregulations,SIHCpromisestoconfirmrationalrelatedtransactionsolutionwithin12monthsaftertheCompanysharesaretransferredtoSIHC,andcompletetoimplementthesolutionwithin5yearsaftertheCompanysharesaretransferredtoSIHC,tosolvesuchrelatedtransactionscompletely.Thespecificformsinclude:(1)Aftercurrentrelatedtransactioncontractexpires,itwillnotberenewed.IncasecontractrenewalisnecessaryaccordingtotheoperationneedsoftheListedCompany,itwillfulfillrelevantdecisionmakingproceduresstrictlyaccordingtoproceduresofrelatedtransactions.(2)Underthepreconditionofpossiblerealization,terminatecontractwhichisbeingfulfilled,andadoptmarketizedandopenbidinvitation,etc.,inquireagainonserviceitemsinvolvedinsuchrelatedtransactionstoconfirmappropriateserviceprovider.Incaserelatedtransactionisinvolved,itshouldfulfillrelevantdecisionmakingproceduresaccordingtorelatedtransactionprocedures.(3)Incasethereispossibilityofpricere-negotiationintherelatedtransactioncontractwhichisbeingfulfilled,conductpricenegotiationagain,makethecontractamountafterre-pricingconformtomarketpriceandnothigherthantheamountofcontractwhichisbeingfulfilled,andstrictlyfulfillrelevantdecisionmakingproceduresaccordingtorelatedtransactionprocedures.(4)Otherappropriatemeasureswhichcanreduceandfinallyeliminatecurrentrelatedtransactionbutnotnecessary.7.Incaseofviolatingabovecommitments,SIHCshallundertakecorrespondinglegalliabilities,includingbutnotlimitedtoundertakingcompensationliabilityforallthelossescausedtotheListedCompany.Note4:SIHCsighedequitytransfercontracton100%equitytransferofTKPropertywiththeCompany,andthecontractstipulated:
1.SIHCpromisesthatthecumulativenetprofits(netprofitafterdeductingextraordinaryitems)ofTKPropertyfrom2019to2021willnotbelessthan18%oftheequitytransferpaymentamountofthistransaction,i.e.three-yearcumulativenetprofits≥equitytransferpayment*18%.TheabovenetprofitsaresubjecttotheamountwhichisconfirmedbyauditedfinancialreportofTKProperty.2.Incasethree-yearcumulativeprofitsofTKPropertyfailstoreachabovepromisedamount,SIHCshallcompensatetheinsufficientparttotheCompanyinfullamountbycash.Incasethree-yearcumulativeprofits(netprofitafterdeductingextraordinaryitems)ofTKPropertyismorethanthepromisedamount,theCompanywillnotrefund.3.IncaseSIHCneedstofulfillperformancecompensationobligation,itshallcompletetheperformancecompensationobligationwithin30daysafterreceivingthecompensationnoticeoftheCompany,andthespecificdeliverymethodwillbeagreedbybothparties.IncaseSIHCdelaystopaytheperformancecompensation,itshallpayliquidateddamagesof3/10000ofunpaidamountforeachdaydelay.Incaseoffailingtopayformorethan90days,thenCompanyhastherighttocancelthecontract.On27November2019,theCompanycompletedtheproceduresforregistrationchangesinindustryandcommerceregarding100%equitytransferofTKProperty.AccordingtotheEquityTransferContractandtheauditresultonprofitorlossoftransitionalperiodintheauditreport,thefinalpriceforthisequitytransferwasdeterminedbilaterallyasRMB1,027,382,513.56.Sofar,theCompanyiscarryingoutauditonTKProperty.Whereanyprogressarises,theCompanywillfulfilltheinformationdisclosureobligationinatimelymanner.
2.WheretherehadbeenanearningsforecastforanassetorprojectandtheReportingPeriodwasstillwithintheforecastperiod,explainwhytheforecasthasbeenreachedfortheReportingPeriod.
□Applicable√Notapplicable
IIOccupationoftheCompany’sCapitalbytheControllingShareholderorItsRelatedPartiesforNon-OperatingPurposes
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.IIIIrregularitiesintheProvisionofGuarantees
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
IVExplanationsGivenbytheBoardofDirectorsRegardingtheLatest“ModifiedOpinion”IssuedbytheIndependentAuditor
□Applicable√NotapplicableVExplanationsGivenbytheBoardofDirectors,theSupervisoryBoardandtheIndependentDirectors(ifany)RegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsoftheReportingPeriod
□Applicable√Notapplicable
VIYoYChangestoAccountingPoliciesandEstimatesandCorrectionofMaterialAccountingErrors
√Applicable□NotapplicableChangeofaccountingpolicy:TheCompanyhasadoptedtheprovisionsofAccountingStandardforBusinessEnterprisesNo.21–Leases(CK[2018]No.35)since1January2021.Accordingtocumulativeeffects,theCompanyadjustedretainedearningsatthebeginningoftheyearandotherrelevantitemsinthefinancialstatements,withoutadjustmentofanyinformationofthecomparableperiod.Theimpactofaccountingpolicychangesincludes:
Contentsofchangesinaccounting
policiesandreasonsthereof
| Contentsofchangesinaccountingpoliciesandreasonsthereof | Itemsandamountsoffinancialstatementsaffected |
| Asperthenewleasestandard,onthebeginningdateoftheleaseterm,exceptforshort-termleasesandlow-valueleasesforwhichsimplifiedtreatmentisadopted,“right-of-useassets”and“leaseliabilities”arerecognizedonleases.Ifalease | Consolidatedbalancesheet:Asat1January2021Right-of-useassets:RMB39,209,648.76Leaseliabilities:RMB29,410,564.00Currentportionofnon-currentliabilities:RMB9,799,084.76Asat31December2021 |
paymentisduewithinoneyear,itshallberecordedin“currentportionofnon-currentliabilities”.
| paymentisduewithinoneyear,itshallberecordedin“currentportionofnon-currentliabilities”. | Right-of-useassets:RMB71,472,680.73Leaseliabilities:RMB83,081,182.89Currentportionofnon-currentliabilities:RMB14,940,651.36BalancesheetoftheCompanyastheparent:Asat1January2021Right-of-useassets:RMB1,523,310.37Leaseliabilities:RMB1,274,783.02Currentportionofnon-currentliabilities:RMB248,527.35Asat31December2021Right-of-useassets:RMB4,075,422.31Leaseliabilities:RMB2,976,367.29Currentportionofnon-currentliabilities:RMB1,329,083.27 |
VIIYoYChangestotheScopeoftheConsolidatedFinancialStatements
√Applicable□NotapplicableForthedetailedchangestothescopeoftheCompany’sconsolidatedstatementsoftheReportingPeriod,see“PartXFinancialStatements”,VIII.VIIIEngagementandDisengagementofIndependentAuditor
Currentindependentauditor:
| Nameofthedomesticindependentauditor | BakerTillyChinaCertifiedPublicAccountants(LLP) |
| TheCompany’spaymenttothedomesticindependentauditor(RMB’0,000) | 84 |
| HowmanyconsecutiveyearsthedomesticindependentauditorhasprovidedauditservicefortheCompany | 2years |
| Namesofthecertifiedpublicaccountantsfromthedomesticindependentauditorwritingsignaturesontheauditor’sreport | LiMing,ChenZihan,XuPing |
| HowmanyconsecutiveyearsthecertifiedpublicaccountantshaveprovidedauditservicefortheCompany | TwoyearsforLiMing,twoyearsforChenZihan,oneyearforXuPing |
IndicatebytickmarkwhethertheindependentauditorwaschangedfortheReportingPeriod.
□Yes√NoIndependentauditor,financialadvisororsponsorengagedfortheauditofinternalcontrols:
√Applicable□NotapplicableInthisReportingPeriod,theCompanyengagedBakerTillyChinaCertifiedPublicAccountants(LLP)foritsinternalcontrolauditandpaidaninternalcontrolauditfeeofRMB0.15milliontoitfortheperiod.
IXPossibilityofDelistingafterDisclosureofthisReport
□Applicable√NotapplicableXInsolvencyandReorganization
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIMajorLegalMatters
√Applicable□Notapplicable
Generalinformation
| Generalinformation | Involvedamount(RMB’0,000) | Provision | Progress | Decisionsandeffects | Executionofdecisions | Disclosuredate | Indextodisclosedinformation |
| TheFourthOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark(Applicant)andShenzhenITCTechnologyParkServiceCo.,Ltd.(Respondent1)andHigh-techZoneBranch(Respondent2)inthearbitrationcaseofpropertycontractdisputeofSoftwareParkPhaseI.TheApplicantrequestedanawardforRespondents1and2toreturntheowners'publicrevenueandbeartheattorney'sfees. | 4,520.93 | Yes | Thefirstsessionofthearbitrationhasbeenconcluded,andthepartiestothearbitrationhavedisputedthenumberofamountsinvolvedandhaveappliedforanauditbyathird-partyauditor.Theaudithasnowbeencompletedandfeedbackisbeingsoughtfrombothpartiestothedispute,andthefinalauditreportwillbeissuedshortly. | Notyet | Notyet | ||
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.(plaintiff)suedShenzhenHerunxiangTradeCo.,Ltd.(defendant)forproperty | 20,000 | Not | Propertypreservationmeasureshavebeentakenandthecaseisundertrial. | Notyet | Notyet |
demolitionandrelocationcompensationcontractdispute.AfterRongyaopaidthedemolitioncompensation,Herunxiangfailedtohandlethecancellationoftherealpropertyownershipcertificateoftherelevantrealestateinaccordancewiththeagreement,whichaffectedthedevelopmentandconstructionprogressofRongyao.
| demolitionandrelocationcompensationcontractdispute.AfterRongyaopaidthedemolitioncompensation,Herunxiangfailedtohandlethecancellationoftherealpropertyownershipcertificateoftherelevantrealestateinaccordancewiththeagreement,whichaffectedthedevelopmentandconstructionprogressofRongyao. | |||||
| ShenzhenQitianSunshineHotelManagementCo.,Ltd.(plaintiff)suedShenZhenProperties&ResourcesDevelopment(Group)Ltd.(defendant)forpropertyleasingcontractdispute,requestingthedefendanttopaycompensationforinteriordecorationoftherelocatedhouseandrelocationfeeoftheleasedhouseandtoreturnthesubsidyfeeoftheleasedhouse,etc. | 1,144 | Not | ThefirstinstancejudgmentreadsthattheplaintiffShenzhenQitianSunshineHotelManagementCo.,Ltd.shallpayrentofRMB1,050,913.6tothedefendantShenZhenProperties&ResourcesDevelopment(Group)Ltd.withintendaysfromtheeffectivedateofthisjudgment.AlltheclaimsoftheplaintiffShenzhenQitianSunshineHotelManagementCo.,Ltd.wererejected,andtheremainingcounterclaimsofthedefendantShenzhenPropertyDevelopment(Group)Co.,Ltd.wererejected.ShenzhenQitianSunshineHotelManagementCo.,Ltd.hasinstitutedanappeal. | Notyet | Notyet |
| Summaryofothercontractdisputes | 16,155 | SeePartXIIFinancia | SeePartXIIFinancialReport-XIV-2 | SeePartXIIFinancial | SeePartXIIFinancial |
lReport-XIV-2
| lReport-XIV-2 | Report-XIV-2 | Report-XIV-2 |
XIIPunishmentsandRectifications
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XIIICreditQualityoftheCompanyaswellasItsControllingShareholderandActualController
□Applicable√Notapplicable
XIVMajorRelated-PartyTransactions
1.ContinuingRelated-PartyTransactions
√Applicable□Notapplicable
| Relatedparty | RelationshipwiththeCompany | Typeoftransaction | Specifictransaction | Pricingprinciple | Transactionprice | Totalvalue(RMB’0,000) | As%oftotalvalueofallsame-typetransactions | Approvedtransactionline(RMB’0,000) | Overtheapprovedlineornot | Methodofsettlement | Obtainablemarketpriceforsame-typetransactions | Disclosuredate | Indextodisclosedinformation |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningsalesofcommodityandprovidingoflabors | Propertymanagementservices | Marketprinciple | Agreementprice | 5,633.77 | 4.76% | 5,500 | Yes | Cash | 5,633.77 | 30March2021 | AnnouncementonEstimatedContinuingRelated-partyTransactionsin2021(No.:2021-1 |
| ShenzhenBayTechno | Wholly-ownedsubsidia | Related-partytransac | Managementservice | Marketprinciple | Agreementprice | 7,912.17 | 8.18% | 8,000 | Not | Cash | 7912.17 | 30March2021 |
1)disclosedonCninfo
| logyDevelopmentCo.,Ltd. | ryoftheCompanyastheparent | tionsgoverningpurchaseofcommodityandprovidingoflabors | s | 1)disclosedonCninfo | |||||||||
| ShenzhenShentouRealEstateDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Lease | Entrustedmanagementservicesofhouses | Marketprinciple | Agreementprice | 6,822.876827.21 | 38.73% | 5,790 | Yes | Cash | 6,822.876827.21 | 30March2021 | |
| Total | -- | -- | 20,368.8120373.15 | -- | 19,290 | -- | -- | -- | -- | -- | |||
| Large-amountsalesreturnindetail | N/A | ||||||||||||
| GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | Thetotalamountofdailyrelated-partytransactionsoftheCompanyin2021isexpectedtobeRMB214.68million,andactualtotalamountofdailyrelated-partytransactionsisRMB226.66million.Theexcessamountislowerthanthedisclosurestandard.Fordetails,pleaserefertotheProposalonDaily-RelatedPartyTransactionsin2022disclosedonthesamedayofthisreport. | ||||||||||||
| Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A | ||||||||||||
2.Related-PartyTransactionsRegardingPurchaseorSalesofAssetsorEquityInterests
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
3.RelatedTransactionsRegardingJointInvestmentsinThirdParties
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
4.CreditsandLiabilitieswithRelatedParties
√Applicable□NotapplicableIndicatebytickmarkwhethertherewereanycreditsandliabilitieswithrelatedpartiesfornon-operatingpurposes.
√Yes□NoReceivablefromrelatedparties
Relatedparty
| Relatedparty | RelationshipwiththeCompany | Reason | Capitaloccupationfornon-operatingpurposes(yes/no) | Beginningbalance(RMB’0,000) | Amountnewlyaddedincurrentperiod(RMB’0,000) | Amountreceivedincurrentperiod(RMB’0,000) | Interestrate | Currentinterest(RMB’0,000) | Endingbalance(RMB’0,000) |
| ShenzhenXinhaiHoldingsCo.,Ltd. | TheparentcompanyofthesubsidiaryRongyaoRealEstate’sminorityshareholderXinhaiRongyao | Businesscirculatingfundsbeforeacquisition | No | 40,150 | 40,150 | ||||
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | MinorityshareholderofthesubsidiaryRongyaoRealEstate | Businesscirculatingfundsbeforeacquisition | No | 33,047.29 | 33,047.29 | ||||
| InfluenceontheCompany’soperatingresultsandfinancialcondition | AllwerewithintheriskscontroloftheCompanyandnotinfluencedtheoperatingresultsandthefinancialconditions. | ||||||||
Liabilitiespayabletorelatedparties
| 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 | Intercoursefunds | 3,579.67 | 300 | 3,879.67 |
ShenzhenTian’anInternationalBuildingPropertyManagementCo.,Ltd.
| ShenzhenTian’anInternationalBuildingPropertyManagementCo.,Ltd. | Jointventure | Intercoursefunds | 521.43 | 521.43 | |
| InfluenceontheCompany’soperatingresultsandfinancialcondition | AllwerewithintheriskscontroloftheCompanyandnotinfluencedtheoperatingresultsandthefinancialconditions. | ||||
5.TransactionswithRelatedFinanceCompanies
□Applicable√NotapplicableTheCompanydidnotmakedepositsin,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedfinancecompanyoranyotherrelatedparties.
6.TransactionswithRelatedPartiesbyFinanceCompaniesControlledbytheCompany
□Applicable√NotapplicableThefinancecompanycontrolledbytheCompanydidnotmakedeposits,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedparties.
7.OtherMajorRelated-PartyTransactions
√Applicable□Notapplicable(I)MattersonenteringintoEntrustedOperationandManagementAgreementandrelatedpartytransactionDuringtheReportingPeriod,ShenzhenSZPRDCommercialOperationCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,andShenzhenShentouPropertyDevelopmentCo.,Ltd.,awholly-ownedsubsidiaryofthecontrollingshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.(SIHC),enteredintotheEntrustedOperationandManagementAgreement.ShentouDevelopmenttransferredthe81,775.57squaremetersofitspropertiesentrustedbyShenzhenInvestmentHoldingstothecommercialoperationcompanyforoperationandmanagement.Thetransactionwillhelppromotethehandlingofhistoricallegacyissues,improvetheefficiencyoftheoperationandmanagementofstate-ownedassets,andcontributetotheimprovementoftheCompany'soperationandmanagementcapabilities,whichisinlinewiththelong-terminterestsoftheCompany.Fordetails,pleaserefertotheAnnouncementonEnteringintoEntrustedOperationandManagementAgreementandRelatedPartyTransactions(AnnouncementNo.2021-13)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on31March2021.(II)Mattersonacquisitionbythewholly-ownedsubsidiaryof100%equityinShenzhenPropertyManagementCo.,Ltd.,ShenzhenForeignTradePropertyManagementCo.,Ltd.,andthreeenterprisesownedbyShenzhenShenfubao(Group)Co.,Ltd.andrelatedpartytransactionsDuringtheReportingPeriod,inordertoeffectivelyenhancetheoverallmarketcompetitivenessofthepropertymanagementsegment,buildabenchmarkingpropertymanagementplatforminShenzhen,furtherexpandandstrengthentheCompany'spropertymanagementbusinessandenhancethedevelopmentmomentumofthelistedcompany,ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,intendstoacquire100%equityinShenzhenPropertyManagementCo.,Ltd.,ShenzhenForeignTradePropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,
Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.andShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.Limitedincash.TheaforementionedmattershavebeendeliberatedandapprovedattheFifthMeetingoftheTenthBoardofDirectorsandtheSecondExtraordinaryGeneralMeetingofShareholdersin2021.Fordetails,pleaserefertotheAnnouncementontheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofShenzhenPropertyManagementCo.,Ltd.andRelatedPartyTransactions(AnnouncementNo.2021-45),AnnouncementontheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofShenzhenForeignTradePropertyManagementCo.,Ltd.andRelatedPartyTransactions(AnnouncementNo.2021-46),AnnouncementontheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelatedPartyTransactions(AnnouncementNo.2021-47),AnnouncementontheProgressoftheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofShenzhenPropertyManagementCo.,Ltd.andRelatedPartyTransactions(AnnouncementNo.2021-50),AnnouncementontheProgressoftheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofShenzhenForeignTradePropertyManagementCo.,Ltd.andRelatedPartyTransactions(AnnouncementNo.2021-51),andAnnouncementontheProgressoftheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelatedPartyTransactions(AnnouncementNo.2021-52)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on14Decemberand24December2021.Indextoannouncementsonmajorrelated-partytransactions
Announcement
| Announcement | Disclosuretime | Disclosurewebsite |
| AnnouncementonEnteringintoEntrustedOperationandManagementAgreementandRelatedPartyTransactions | 31March2021 | http://www.cninfo.com.cn |
| AnnouncementontheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofShenzhenPropertyManagementCo.,Ltd.andRelatedPartyTransactions | 14December2021 | http://www.cninfo.com.cn |
| AnnouncementontheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofShenzhenForeignTradePropertyManagementCo.,Ltd.andRelatedPartyTransactions | 14December2021 | http://www.cninfo.com.cn |
| AnnouncementontheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelatedPartyTransactions | 14December2021 | http://www.cninfo.com.cn |
| AnnouncementontheProgressoftheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofShenzhenPropertyManagementCo.,Ltd.andRelatedPartyTransactions | 24December2021 | http://www.cninfo.com.cn |
| AnnouncementontheProgressoftheAcquisitionbytheWholly-OwnedSubsidiaryof100PercentoftheEquityofShenzhenForeignTradePropertyManagementCo.,Ltd.andRelatedPartyTransactions | 24December2021 | http://www.cninfo.com.cn |
| AnnouncementontheProgressoftheAcquisitionbytheWholly-OwnedSubsidiaryof100Percentofthe | 24December2021 | http://www.cninfo.com.cn |
EquityofThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelatedPartyTransactions
XVMajorContractsandExecutionthereof
1.Entrustment,ContractingandLeases
(1)Entrustment
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)Contracting
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(3)Leases
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
2.Majorguarantees
√Applicable□Notapplicable
Unit:RMB'0,000
EquityofThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelatedPartyTransactionsGuaranteesprovidedbytheCompanyastheparentanditssubsidiariesforexternalparties(exclusiveofthoseforsubsidiaries)
| GuaranteesprovidedbytheCompanyastheparentanditssubsidiariesforexternalparties(exclusiveofthoseforsubsidiaries) | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| GuaranteesprovidedbytheCompanyforitssubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 18October2019 | 500,000 | 27November2019 | 336,547 | Joint-liability | Securitydeposit | 27November2019to20November2024 | No | Yes | ||
| TotalapprovedlineforsuchguaranteesintheReportingPeriod(B1) | TotalactualamountofsuchguaranteesintheReportingPeriod(B2) | 36,576 | |||||||||
| TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(B3) | 500,000 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(B4) | 336,537 | ||||||||
| Guaranteesprovidedbetweensubsidiaries | |||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot | |
| TotalapprovedlineforsuchguaranteesintheReportingPeriod(C1) | 0 | TotalactualamountofsuchguaranteesintheReportingPeriod(C2) | |||||||||
| Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | |||||||||||
| TotalguaranteelineapprovedintheReportingPeriod(A1+B1+C1) | TotalactualguaranteeamountintheReportingPeriod(A2+B2+C2) | 36,576 | |||||||||
| TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 500,000 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 336,537 | ||||||||
| Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 75.02% | ||||||||||
| Ofwhich: | |||||||||||
| Balanceofguaranteesprovidedfor | 0 | ||||||||||
shareholders,actualcontrollerandtheirrelatedparties(D)
| shareholders,actualcontrollerandtheirrelatedparties(D) | |
| Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 336,537 |
| Totalofthethreeamountsabove(D+E+F) | 336,537 |
Compoundguarantees:
3.CashEntrustedtoOtherEntitiesforManagement
(1)CashEntrustedforWealthManagement
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
(2)EntrustedLoans
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
4.OtherMajorContracts
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.XVIOtherSignificantEvents
√Applicable□Notapplicable(I)MattersonthecompletionofregistrationofthesubsidiaryinVietnamShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,intendstoinvestinandestablishawholly-ownedsubsidiaryinChina-Vietnam(Shenzhen-Haiphong)EconomicandTradeCooperationZoneinHaiphongCity,Vietnam,tocarryoutpropertymanagementservicesinthePark,witharegisteredcapitalofUSD200,000.DuringtheReportingPeriod,thesubsidiaryinVietnamcompleteditsregistrationandreceivedtheEnterpriseRegistrationCertificatefromtheBusinessRegistrationOfficeoftheHaiphongDepartmentofPlanningandInvestmentDecision.Fordetails,pleaserefertotheAnnouncementontheCompletionofRegistrationoftheSubsidiaryinVietnam(AnnouncementNo.2021-01)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on6January2021.(II)Mattersontransferforfreeofpartofstate-ownedequityofthecontrollingshareholdertoreplenishthesocialsecurityfundDuringtheReportingPeriod,SIHC,thecontrollingshareholderoftheCompany,transferred38,037,890sharesoftheCompanyinunlimitedcirculation(representing6.382%ofthetotalsharecapitaloftheCompany)heldbySIHCtoShenzhenState-ownedEquityManagementCo.,Ltd.forfreetoreplenishthesocialsecurityfunds.Beforeandafterthetransferofequity,thecontrollingshareholderandactualcontrolleroftheCompanyremainedunchanged.OnMarch15,thesharetransferregistrationproceduresfortheaforementionedtransferofstate-ownedsharesforfreewerecompleted.Formoredetails,pleaserefertotheSuggestive
AnnouncementontheFreeTransferofPartsofState-ownedEquityoftheControllingShareholdertoReplenishtheSocialSecurityFund(AnnouncementNo.2021-02)andtheAnnouncementontheCompletionofFreeTransferRegistrationofPartsofState-ownedEquityoftheControllingShareholdertoReplenishtheSocialSecurityFund(AnnouncementNo.2021-05)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on29Januaryand18March2021,respectively.(III)Mattersonthewholly-ownedsubsidiarywinningthebidofthelanduserightOn27August2021,ShenzhenSZPRDUrbanRenewalCo.,Ltd.,awholly-ownedsubsidiaryoftheCompany,becametheselectedbidderfortheconstructionlanduserightofNo.2021WR023inHumenTown,DongguanCityintheonlinelistingauctionofstate-ownedconstructionlanduserightheldbyDongguanCityPublicResourcesTradingWebsite.On2September2021,UrbanRenewalsignedtheConfirmationofTransactionResultswithDongguanPublicResourcesTradingCenterandwonthelandplotatapriceofRMB2,070,606,666.Fordetails,pleaserefertotheAnnouncementontheWholly-ownedSubsidiaryWinningtheBidofState-ownedLandUseRight(AnnouncementNo.2021-27)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on3September2021.(IV)MattersonthecompletionofthegeneralelectionoftheBoardofDirectorsandtheBoardofSupervisorsOn27September2021,theCompanyheldtheFirstExtraordinaryGeneralMeetingofShareholdersin2021,atwhichtheProposalontheElectionoftheCompany'sNinthBoardofDirectorsandNominationofNon-independentDirectorsfortheCompany'sTenthBoardofDirectors,theProposalontheElectionoftheCompany'sNinthBoardofDirectorsandNominationofIndependentDirectorsfortheCompany'sTenthBoardofDirectors,andtheProposalontheElectionoftheCompany'sNinthBoardofSupervisorsweredeliberatedandapproved.Meanwhile,theCompanyheldthethirdmeetingoftheSeventhWorkersandEmployees'Congresson8September2021toelecttheemployeerepresentativesupervisorsoftheTenthBoardofSupervisorsoftheCompany,andsuccessfullycompletedthegeneralelectionoftheTenthBoardofDirectorsandBoardofSupervisorsoftheCompany.Fordetails,pleaserefertotheAnnouncementontheCompletionoftheGeneralElectionoftheBoardofDirectorsandtheBoardofSupervisorsandtheAppointmentoftheSecretaryoftheBoardofDirectorsandtheSecuritiesRepresentativeoftheCompany(AnnouncementNo.2021-37)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on28September2021.(V)MattersonwinningthebidofthelanduserightOn25November2021,theCompanywonthestate-ownedlanduserightofPlotNo.A606-0258inGuangming,ShenzhenatRMB1,621millionintheonlinelistingauctionofstate-ownedconstructionlanduserightinShenzhen.ThebidwinningofthelanduserightwilleffectivelyreplenishtheCompany'slandreserveandprovideresourcestofurtherexpandandstrengthentheCompany'smainbusinessandpromotethesustainabledevelopmentoftherealestatebusinesssegment.Fordetails,pleaserefertotheAnnouncementontheWinningtheBidofState-ownedLandUseRight(AnnouncementNo.2021-43)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on26November2021.
XVIISignificantEventsofSubsidiaries
□Applicable√Notapplicable
PartVIIShareChangesandShareholderInformationIShareChanges
1.ShareChanges
Unit:share
Before
| Before | Increase/decrease(+/-) | After | |||||||
| Shares | Percentage(%) | Newissues | Sharesasdividendconvertedfromprofit | Sharesasdividendconvertedfromcapitalreserves | Other | Subtotal | Shares | Percentage(%) | |
| 1.Restrictedshares | 1,898,306 | 0.32% | 0 | 0 | 0 | 0 | 0 | 1,898,306 | 0.32% |
| 1.1Sharesheldbythestate | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 1.2Sharesheldbystate-ownLegal-person | 3,326 | 0.00% | 0 | 0 | 0 | 0 | 0 | 3,326 | 0.00% |
| 1.3Sharesheldbyotherdomesticinvestors | 1,894,980 | 0.32% | 0 | 0 | 0 | 0 | 0 | 1,894,980 | 0.32% |
| Amongwhich:sharesheldbydomesticlegalperson | 1,894,980 | 0.32% | 0 | 0 | 0 | 0 | 0 | 1,894,980 | 0.32% |
| Sharesheldbydomesticnaturalperson | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 1.4Overseashareholdings | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| Amongwhich:sharesheldbyoversealegalperson | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| Sharesheldbyoverseanaturalperson | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 2.Unrestrictedshares | 594,080,786 | 99.68% | 0 | 0 | 0 | 0 | 0 | 594,080,786 | 99.68% |
| 2.1RMBordinary | 526,475,543 | 88.34% | 0 | 0 | 0 | 0 | 0 | 526,475,543 | 88.34% |
shares
| shares | |||||||||
| 2.2Domesticallylistedforeignshares | 67,605,243 | 11.34% | 0 | 0 | 0 | 0 | 0 | 67,605,243 | 11.34% |
| 2.3Oversealistedforeignshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 2.4Other | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 3.Totalshares | 595,979,092 | 100.00% | 0 | 0 | 0 | 0 | 0 | 595,979,092 | 100.00% |
Reasonsforsharechanges:
□Applicable√NotapplicableApprovalofsharechanges:
□Applicable√NotapplicableTransferofshareownership:
□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)disclosedon29January2021.On15March2021,thesharetransferregistrationproceduresfortheabove-mentionedtransferofstate-ownedsharesforfreewerecompleted.
2.ChangesinRestrictedShares
□Applicable√Notapplicable
II.IssuanceandListingofSecurities
1.Securities(ExclusiveofPreferredShares)IssuedintheReportingPeriod
□Applicable√Notapplicable
2.ChangestoTotalShares,ShareholderStructureandAssetandLiabilityStructures
□Applicable√Notapplicable
3.ExistingStaff-HeldShares
□Applicable√NotapplicableIIIShareholdersandActualController
1.ShareholdersandTheirShareholdingsatthePeriod-End
Unit:share
Numberofordinaryshareholders
| Numberofordinaryshareholders | 47,113 | Numberofordinaryshareholdersatthemonth-endpriortothedisclosureofthisReport | 46,391 | Numberofpreferredshareholderswithresumedvotingrights(ifany) | 0 | Numberofpreferredshareholderswithresumedvotingrightsatthemonth-endpriortothedisclosureofthisReport(ifany) | 0 | ||||||||
| 5%orgreatershareholdersortop10shareholders | |||||||||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage | Totalsharesheldattheperiod-end | Increase/decreaseintheReportingPeriod | Restrictedsharesheld | Unrestrictedsharesheld | Shares,markedinpledgeorfrozen | ||||||||
| Status | Shares | ||||||||||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | State-ownedlegalperson | 50.57% | 301,414,637 | -38,037,890 | 3,326 | 301,411,311 | |||||||||
| ShenzhenState-ownedEquityManagementCo.,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 | |||||||||
| HongKongSecuritiesClearingCompanyLtd. | Foreignlegalperson | 0.69% | 4,136,333 | 2,261,510 | 0 | 4,136,333 | |||||||||
| LiXinyi | Domesticnaturalperson | 0.60% | 3,550,100 | 3,550,100 | 0 | 3,550,100 | |||||||||
| DuanShaoteng | Domesticnaturalperson | 0.29% | 1,755,565 | 137,000 | 0 | 1,755,565 | |||||||||
| ShenzhenDuty-Free | Domesticnon-state-o | 0.29% | 1,730,300 | 0 | 1,730,300 | 0 | |||||||||
CommodityEnterprisesCo.,Ltd.
| CommodityEnterprisesCo.,Ltd. | wnedlegalperson | |||||||||
| YangYaochu | Domesticnaturalperson | 0.25% | 1,500,384 | 0 | 0 | 1,500,384 | ||||
| WuWenkai | Domesticnaturalperson | 0.21% | 1,252,800 | 1,252,800 | 0 | 1,252,800 | ||||
| SuWeipeng | Domesticnaturalperson | 0.19% | 1,120,300 | 1,120,300 | 0 | 1,120,300 | ||||
| Strategicinvestororgenerallegalpersonbecomingatop-10ordinaryshareholderduetorightsissue(ifany) | N/A | |||||||||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Thelargestshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.,isthecontrollingshareholderoftheCompanyandShenzhenState-ownedEquityManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | |||||||||
| Explainifanyoftheshareholdersabovewasinvolvedinentrusting/beingentrustedwithvotingrightsorwaivingvotingrights | N/A | |||||||||
| Specialaccountforsharerepurchases(ifany)amongthetop10shareholders | N/A | |||||||||
| Top10unrestrictedshareholders | ||||||||||
| Nameofshareholder | Unrestrictedsharesheldattheperiod-end | Sharesbytype | ||||||||
| Type | Shares | |||||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 301,411,311 | RMBcommonshare | 301,411,311 | |||||||
| ShenzhenState-ownedEquityManagementCo.,Ltd. | 38,037,890 | RMBcommonshare | 38,037,890 | |||||||
| ChinaOrientAssetManagementCo.,Ltd. | 23,236,400 | RMBcommonshare | 23,236,400 | |||||||
| HongKongSecuritiesClearingCompanyLtd. | 4,136,333 | RMBcommonshare | 4,136,333 | |||||||
| LiXinyi | 3,550,100 | RMBcommonshare | 3,550,100 | |||||||
DuanShaoteng
| DuanShaoteng | 1,755,565 | RMBcommonshare | 1,755,565 |
| YangYaochu | 1,500,384 | Domesticallylistedforeignshare | 1,500,384 |
| WuWenkai | 1,252,800 | RMBcommonshare | 1,252,800 |
| SuWeipeng | 1,120,300 | RMBcommonshare | 1,120,300 |
| MaiFurong | 1,103,096 | Domesticallylistedforeignshare | 1,103,096 |
| Relatedoracting-in-concertpartiesamongtop10unrestrictedpublicshareholders,aswellasbetweentop10unrestrictedpublicshareholdersandtop10shareholders | Thelargestshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.,isthecontrollingshareholderoftheCompanyandShenzhenState-ownedEquityManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | ||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A | ||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes√NoNosuchcasesintheReportingPeriod.
2.ControllingShareholderNatureofthecontrollingshareholder:Controlledbyalocalstate-ownedlegalpersonTypeofthecontrollingshareholder:legalperson
| Nameofcontrollingshareholder | Legalrepresentative/personincharge | Dateofestablishment | Unifiedsocialcreditcode | Principalactivity |
| ShenzhenInvestmentHoldingsCo.,Ltd. | HeJianfeng | 13October2004 | 914403007675664218 | ToexecuteinvestmentsandM&Aonfinancialequitysuchasbanks,securities,insurance,fundsandguaranteesandpseudo-bankingequity;toengageinthepropertydevelopmentandoperationbusinesswithinthescaleoflegallyacquirethelanduseright;toexecuteinvestmentsandservicesinstrategicemergingindustry;toexecutetheinvestment,operatingand |
managementofthestate-ownedequitiesofthewholly-owned,controllingandstock-participatingenterprisesthroughthemethodssuchastherestructuringintegration,capitaloperationandassetsdisposal;otherbusinessdevelopedwiththeauthorityfromtheMunicipalState-ownedAssetsSupervisionandAdministrationCommission(iftheactivityneedsapprovalasrequiredbystateregulations,itshallnotbeoperateduntilitisapproved).
| managementofthestate-ownedequitiesofthewholly-owned,controllingandstock-participatingenterprisesthroughthemethodssuchastherestructuringintegration,capitaloperationandassetsdisposal;otherbusinessdevelopedwiththeauthorityfromtheMunicipalState-ownedAssetsSupervisionandAdministrationCommission(iftheactivityneedsapprovalasrequiredbystateregulations,itshallnotbeoperateduntilitisapproved). | ||
| ShareholdingsofthecontrollingshareholderinotherlistedcompaniesathomeorabroadinthisReportingPeriod | ShenzhenTextileA(000045)holds234.07millionshares,accountingfor46.10%;SPGA(000029)holds642.88millionshares,accountingfor63.55%;ShenzhenUniverseA(000023)holds9.59millionshares,accountingfor6.91%;Ping’an(601318)holds962.72millionshares,accountingfor5.27%;GuosenSecurities(002736)holds3,223.11millionshares,accountingfor33.53%;GuotaiJun’an(601211)holds609.43millionA-sharesand103.37millionH-shares,totallyaccountingfor8.00%;TellingTelecommunication(000829)holds195.03millionshares,accountingfor18.89%;ShenzhenInternational(00152)holds952.01millionshares,accountingfor43.39%;BeautyStar(002243)holds604.82millionshares,accountingfor49.96%;BayAreaDevelopment(00737)holds2,213.45millionshares,accountingfor71.83%;Infinova(002528)holds315.83millionshares,accountingfor26.35%;EternalAsia(002183)holds388.45millionshares,accountingfor18.30%;ShenzhenEnergy(000027)holds6.77millionshares,accountingfor0.14%;BankofCommunications(601328)holds9.52millionshares,accountingfor0.01%;Techand(300197)holds113.98millionshares,accountingfor4.84%;Vanke(02202)holds77.27millionshares,accountingfor0.67%. | |
ChangeofthecontrollingshareholderintheReportingPeriod:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.
3.ActualControllerandItsActing-in-ConcertPartiesNatureoftheactualcontroller:localinstitutionforstate-ownedassetsmanagementTypeoftheactualcontroller:legalperson
| Nameofactualcontroller | Legalrepresentative/personincharge | Dateofestablishment | Unifiedsocialcreditcode | Principalactivity |
ShenzhenMunicipalState-ownedAssetsSupervisionandAdministrationCommission
| ShenzhenMunicipalState-ownedAssetsSupervisionandAdministrationCommission | WangYongjian | 1July2004 | K31728067 | (I)Implementingandpracticingstate,provincialandmunicipallawsandregulationsrelatedtomanagementonstate-ownedassets,draftinglocallaws,regulations,andpoliciesaboutmanagementonstate-ownedassets,andorganizingimplementationactivitiesuponapprovals.Intendingtodraftsupervisionsystemsandmethodsaboutoperationalstate-ownedassets,andorganizingimplementationactivities.(II)Onthebasisofauthorizationfrommunicipalgovernment,fulfillingdutiesofinvestorsaccordingtolawsandregulations,andprotectingtherightsandinterestsofinvestorsforstate-ownedassetsaccordingtolaws(III)TakingchargeofParty-buildingworkforenterprisesinitssupervisionandorgansentrusted(IV)Undertakingthesupervisionoverstate-ownedassetsofmunicipalenterprises,strengtheningmanagementonstate-ownedassets,furtherperfectingthemanagementmechanismforstate-ownedassetswiththeunificationofpower,obligation,andduties,aswellasthecombinationofmanagingassets,people,andaffairs(V)Beingresponsibleforhedgingandappreciationofthevalueofstate-ownedassetsofenterprisesinitssupervision,establishingandperfectingtheindexsystemforhedgingandappreciationofthevalueofstate-ownedassets,settingoutassessmentstandards,supervisingonhedgingandappreciationofthevalueofstate-ownedassetsofenterprisesinitssupervisionbystatistics,audit,andcheck,andurgingenterprisesinitssupervisiontofulfillsocialduties(VI)Inchargeofresearchingandpreparingthegeneralplanningfortransformationanddevelopmentofstate-ownedenterpriseinits |
supervision,guidingandboostingtransformationandre-organizationofstate-ownedenterprises,promptingtheconstructionofmodernenterprisesystem,carryingforwardoperationofstate-ownedcapital,pushingthestrategicadjustmentonstate-ownedeconomylayoutandstructure,andmakingstate-ownedcapitalplaytheroleinsignificantindustriesandkeyfieldsincludingnationalsecurity,nationaleconomylifeline,etc.(VII)Directingandpropellingenterprisesinitssupervisiontoperfectcompanygovernancestructure,intensifyingconstructionofBoardandSupervisionCommitteesofenterprisesinitssupervision,andformingthegovernancemechanismwithspecificduties,coordinatingoperation,andeffectivecounterbalance(VIII)Assumingthemanagementworkofincomedistributionforenterprisesinitssupervision,andstandardizingtheincomedistributionandposition-relatedconsumptionoverpeopleinchargeofenterprisesinitssupervision(IX)InlinewithrulesofmunicipalPartycommittee,appointinganddismissing,appraising,aswellas,inaccordancewithbusinessperformance,rewardingandpunishingpeopleinchargeofenterprisesinitssupervisionbyapplyinglegalprocedures,establishingthemechanismofselectingandchoosingcandidatesmeetingtherequirementsofsocialistmarketeconomysystemandmodernenterprisesystem,andperfectingtheincentiveandcontrolsystemforoperators(X)Beingresponsibleforappointingorrecommendingboarddirectors,supervisors,CFOstoenterprisesinitssupervision,andauditingoneconomicdutiesofpeopleinchargeofenterprisesinitssupervisionaccordingtorulesaboutmanagementauthorizationtopeopleinchargeof
enterprises(XI)Inchargeofpreparingthedraftofbudgetsandfinalaccountsofannualstate-ownedcapitalofenterprisesinitssupervision,includingittothegovernmentbudgetsystem,organizingtheexecutionuponapprovals,andcollectingearningsofstate-ownedcapitalhandedinbyenterprisesinitssupervision(XII)Inchargeofstrategyresearch,policyformulation,andguidancefortransformation,development,andassetmanagementrelatedtocollectively-ownedenterprises(XIII)Assumingotherassignmentsassignedbymunicipalgovernmentandsuperiordepartments
| enterprises(XI)Inchargeofpreparingthedraftofbudgetsandfinalaccountsofannualstate-ownedcapitalofenterprisesinitssupervision,includingittothegovernmentbudgetsystem,organizingtheexecutionuponapprovals,andcollectingearningsofstate-ownedcapitalhandedinbyenterprisesinitssupervision(XII)Inchargeofstrategyresearch,policyformulation,andguidancefortransformation,development,andassetmanagementrelatedtocollectively-ownedenterprises(XIII)Assumingotherassignmentsassignedbymunicipalgovernmentandsuperiordepartments | ||
| ShareholdingsoftheactualcontrollerinotherlistedcompaniesathomeorabroadinthisReportingPeriod | ListedcompaniessuchastheShenzhenAirport,YTP,ShenzhenEnergy,ShenzhenZhenye,ShenzhenTagenandSDGI. | |
ChangeoftheactualcontrollerduringtheReportingPeriod:
□Applicable√NotapplicableNosuchcasesintheReportingPeriod.OwnershipandcontrolrelationsbetweentheactualcontrollerandtheCompany:
IndicatebytickmarkwhethertheactualcontrollercontrolstheCompanyviatrustorotherwaysofassetmanagement.
□Applicable√Notapplicable
4.NumberofAccumulativePledgedSharesheldbytheCompany’sControllingShareholderortheLargestShareholderaswellasItsActing-in-ConcertPartiesAccountsfor80%ofallsharesoftheCompanyheldbyThem
□Applicable√Notapplicable
5.Other10%orGreaterCorporateShareholders
□Applicable√Notapplicable
6.LimitationsonShareholdingDecreasebytheCompany’sControllingShareholder,ActualController,ReorganizerandOtherCommitmentMakers
□Applicable√Notapplicable
IVSpecificImplementationofShareRepurchaseduringtheReportingPeriod
Progressonanysharerepurchase
□Applicable√NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding
□Applicable√Notapplicable
PartVIIIPreferenceShares
□Applicable√NotapplicableNopreferencesharesintheReportingPeriod.
PartIXBonds
□Applicable√Notapplicable
PartXFinancialStatementsIIndependentAuditor’sReport
Typeoftheindependentauditor’sopinion
| Typeoftheindependentauditor’sopinion | Unmodifiedunqualifiedopinion |
| Dateofsigningthisreport | 29March2022 |
| Nameoftheindependentauditor | BakerTillyChinaCertifiedPublicAccountants(LLP) |
| ReferencenumberofAuditReport | BakerTillyYZ[2022]No.16241 |
| Nameofthecertifiedpublicaccountants | LiMing,ChenZihan,XuPing |
TextoftheAuditor’sReport
AllshareholdersofShenzhenProperties&ResourcesDevelopment(Group)Ltd.:
1.OpinionWehaveauditedthefinancialstatementsofShenzhenProperties&ResourcesDevelopment(Group)Ltd.(the“Company”),whichcomprisetheconsolidatedandparentcompanybalancesheetsasof31December2021,theconsolidatedandparentcompanystatementsofincome,cashflowsandchangesinshareholders’equityfortheyearthenended,aswellasthenotestothefinancialstatements.Inouropinion,thefinancialstatementsreferredtoabovepresentfairly,inallmaterialrespects,theconsolidatedandparentcompanyfinancialpositionoftheCompanyat31December2021,andtheconsolidatedandparentcompanyoperatingresultsandcashflowsfortheyearthenended,inconformitywiththeChineseAccountingStandards(CAS).
2.BasisforOpinionWeconductedourauditsinaccordancewiththeAuditStandardsforChineseRegisteredAccountants.OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditor’sResponsibilitiesforAuditofFinancialStatementssectionofourreport.WeareindependentoftheCompanyinaccordancewiththeChinaCodeofEthicsforCertifiedPublicAccountants,andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththesaidCodeofEthics.Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforouropinion.
3.KeyaudititemsKeyaudititemsaretheitemsthatareconsideredmostimportantfortheauditofthecurrentfinancialstatementsbasedonourprofessionaljudgment.Theresponsetotheseitemsisbasedontheauditofthefinancialstatementsasawholeandtheformationofauditopinions.Wedonotcommentontheseitemsseparately.
| Keyaudititem | Auditresponse |
| 1.Recognitionandmeasurementofrevenuefromrealestatedevelopmentandsales | |
| SZPRDachievedarevenueofRMB3.131billionfromrealestatedevelopmentprojectsin2021,accountingfor69.70%ofthetotaloperatingrevenue.SZPRDconfirmsrevenuefromrealestatedevelopmentprojectswhenallthefollowingconditionsaremet:(1)Realestateproductsofsalescontractsunder | Ourauditproceduresforthiskeyauditissueinclude:Understandingandsamplingkeycontrolmeasuresrelatedtopropertysalesbusinesstoevaluatetheeffectivenessofimplementationofcontrolprocedures.Obtainingandreviewingcompletionacceptancedocumentsof |
developmentarecompletedandaccepted;(2)Irreversiblesalescontractsaresignedandbuyers’paymentcertificatesarereceived;(3)Noticeofpropertyacceptanceisissued.TherecognitionandmeasurementofrevenuefromrealestatebusinesshasasignificantimpactontheoperatingresultsofSZPRD,whichmaybeinaccuratelymeasuredorrecognizedinimproperaccountingperiod.Therefore,weregardtherecognitionandmeasurementofrealestatedevelopmentandsalesrevenueaskeyauditissues.Foraccountingpoliciesanddetailsofrevenuefromrealestatedevelopmentandsales,pleaserefertoNoteIII,(28),VI,(36)tothefinancialstatement.
| developmentarecompletedandaccepted;(2)Irreversiblesalescontractsaresignedandbuyers’paymentcertificatesarereceived;(3)Noticeofpropertyacceptanceisissued.TherecognitionandmeasurementofrevenuefromrealestatebusinesshasasignificantimpactontheoperatingresultsofSZPRD,whichmaybeinaccuratelymeasuredorrecognizedinimproperaccountingperiod.Therefore,weregardtherecognitionandmeasurementofrealestatedevelopmentandsalesrevenueaskeyauditissues.Foraccountingpoliciesanddetailsofrevenuefromrealestatedevelopmentandsales,pleaserefertoNoteIII,(28),VI,(36)tothefinancialstatement. | projects;reviewingpropertysalescontractsandverifyingtheauthenticityofrevenuefrompropertysalesrecognizedinthisyear;checkingoriginalcollectioncertificatesorcertificatesofbankmortgageprocedurestodeterminewhetherfullpaymentamountisreceived;reviewingadmissionnoticeorothersupportingdocumentsondeliveryofpropertiestoevaluatewhetherrevenuefrompropertysalesmeetstheconditionsforrevenuerecognitionasstipulatedbytheCompany’saccountingpolicy.Obtainingandreviewingsupportingdocumentsforpropertydeliverybeforeandafterthebalancesheetdatetoevaluatewhetherrevenuefrompropertysalesisrecordedinproperaccountingperiod. |
| 2.Provisionofincrementtaxonlandvalue | |
| TheCompanyshallpayincrementtaxonlandvalueattherateof30-60%ofextraprogressivetaxrateofincrementamountonlandvalueforrealestatesalesanddevelopment.Attheendofeachfinancialreportingperiod,theManagementshallestimatetheprovisionamountofincrementtaxonlandvalue.Whenmakingestimationjudgment,mainfactorstobeincludedinconsiderationshallincludetheprovisionsandexplanationsofrelevanttaxlawsandregulations,theamountofestimatedrevenuefromsaleofrealestateminusestimateddeductiblelandcost,realestatedevelopmentcost,interestexpenseanddevelopmentcost,etc.TheactualamountinfinalsettlementpayablebySZPRDforincrementtaxonlandvaluemaybedifferentfromtheestimatedamount.Astheimportanceofprovisionofincrementtaxonlandvalueontheprofitandlossofrealestateenterprises,andManagementincludestheunderstandingofrelevanttaxlawsandregulationsandactualpracticesinconsiderationforestimationjudgment,wedeterminetheprovisionofincrementtaxonlandvalueofSZPRDasakeyauditissue. | Ourauditproceduresforthiskeyauditissueinclude:ObtainingcalculationdataofincrementtaxonlandvalueofmainrealestatedevelopmentprojectstoreviewandcalculatetheaccuracyofamountofincrementtaxonlandvalueaccruedbytheCompanyinthisyear.CombiningtheauditrevenuefromrealestatesalestoreviewtherationalityofestimatedamountofrevenuefromrealestatesalesmadebytheManagementinthecalculationofincrementtaxonlandvalue.Combininginventoryaudittoreviewtheaccuracyoflandcost,realestatedevelopmentcost,interestexpenseanddevelopmentcostdeductedbytheManagementinthecalculationofincrementtaxonlandvalue. |
4.OtherInformationTheCompany’smanagement(hereinafterreferredtoastheManagement”)isresponsiblefortheotherinformation.TheotherinformationcomprisesalloftheinformationincludedintheCompany’s2021AnnualReportotherthanthefinancialstatementsandourauditor’sreportthereon.Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationandwedonotexpressanyformofassuranceconclusionthereon.Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.If,basedontheworkwehaveperformed,weconcludethatthereisamaterialmisstatementofthisotherinformation,wearerequired
toreportthatfact.Wehavenothingtoreportinthisregard.
5.ResponsibilitiesofManagementandThoseChargedwithGovernanceforFinancialStatementsTheManagementisresponsibleforthepreparationofthefinancialstatementsthatgiveafairviewinaccordancewithCAS,andfordesigning,implementingandmaintainingsuchinternalcontrolasthemanagementdeterminesisnecessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraudorerror.Inpreparingthefinancialstatements,theManagementisresponsibleforassessingtheCompany’sabilitytocontinueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccountingunlesstheManagementeitherintendstoliquidatetheCompanyortoceaseoperations,orhavenorealisticalternativebuttodoso.Thosechargedwithgovernance(hereinafterreferredtoasthe“Governance”)areresponsibleforoverseeingtheCompany’sfinancialreportingprocess.
6.Auditor’sResponsibilitiesforAuditofFinancialStatementsOurobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefreefrommaterialmisstatement,whetherduetofraudorerror,andtoissueanauditor’sreportthatincludesouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconductedinaccordancewithCASwillalwaysdetectamaterialmisstatementwhenitexists.Misstatementscanarisefromfraudorerrorandareconsideredmaterialif,individuallyorintheaggregate,theycouldreasonablybeexpectedtoinfluencetheeconomicdecisionsofuserstakenonthebasisofthesefinancialstatements.AspartofanauditinaccordancewithCAS,weexerciseprofessionaljudgmentandmaintainprofessionalskepticismthroughouttheaudit.Wealso:
(1)Identifyandassesstherisksofmaterialmisstatementofthefinancialstatements,whetherduetofraudorerror,designandperformauditproceduresresponsivetothoserisks,andobtainauditevidencethatissufficientandappropriatetoprovideabasisforouropinion.Theriskofnotdetectingamaterialmisstatementresultingfromfraudishigherthanforoneresultingfromerror,asfraudmayinvolvecollusion,forgery,intentionalomissions,misrepresentations,ortheoverrideofinternalcontrol.
(2)Obtainanunderstandingofinternalcontrolrelevanttotheauditinordertodesignauditproceduresthatareappropriateinthecircumstances.
(3)Evaluatetheappropriatenessofaccountingpoliciesusedandthereasonablenessofaccountingestimatesandrelateddisclosuresmadebythemanagement.
(4)Concludeontheappropriatenessofthemanagement’suseofthegoingconcernbasisofaccountingand,basedontheauditevidenceobtained,whetheramaterialuncertaintyexistsrelatedtoeventsorconditionsthatmaycastsignificantdoubtontheCompany’sabilitytocontinueasagoingconcern.Ifweconcludethatamaterialuncertaintyexists,wearerequiredbyCAStodrawusers’attentioninourauditor’sreporttotherelateddisclosuresinthefinancialstatementsor.ifsuchdisclosuresareinadequate,tomodifyouropinion.Ourconclusionsarebasedontheauditevidenceobtaineduptothedateofourauditor’sreport.However,futureeventsorconditionsmaycausetheCompanytoceasetocontinueasagoingconcern.
(5)Evaluatetheoverallpresentation,structureandcontentofthefinancialstatements,andwhetherthefinancialstatementsrepresenttheunderlyingtransactionsandeventsinamannerthatachievesfairpresentation.
(6)ObtainsufficientappropriateauditevidenceregardingthefinancialinformationoftheentitiesorbusinessactivitieswithintheCompanytoexpressanopiniononthefinancialstatements.Weareresponsibleforthedirection,supervisionandperformanceoftheCompanyaudit.Weremainsolelyresponsibleforourauditopinion.Wecommunicatewiththosechargedwithgovernanceregardingtheplannedscopeandtimingoftheauditandsignificantauditfindings,includinganynoteworthydeficienciesininternalcontrolthatweidentifyduringouraudit.Wealsoprovidethosechargedwithgovernancewithastatementthatwehavecompliedwithrelevantethicalrequirementsregardingindependence,andcommunicatewiththemallrelationshipsandothermattersthatmayreasonablybethoughttobearonourindependence,andwhereapplicable,relatedsafeguards.Fromthematterscommunicatedwiththosechargedwithgovernance,wedeterminethosemattersthatwereofmostsignificancein
theauditoftheconsolidatedfinancialstatementsofthecurrentperiodandarethereforethekeyauditmatters.Wedescribethesemattersinourauditor’sreportunlesslaworregulationprecludespublicdisclosureaboutthematterorwhen,inextremelyrarecircumstances,wedeterminethatamattershouldnotbecommunicatedinourreportbecausetheadverseconsequencesofdoingsowouldreasonablybeexpectedtooutweighthepublicinterestbenefitsofsuchcommunication.
BakerTillyYZ[2022]No.16241
Beijing·China30March2022
| Beijing·China30March2022 | ChineseCPA(EngagementPartner | LiMing |
| ChineseCPA: | ChenZihan | |
| ChineseCPA: | XuPing |
IIFinancialStatements
Currencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheet
PreparedbyShenzhenProperties&ResourcesDevelopment(Group)Ltd.
31December2021
Unit:RMB
| Item | 31December2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 2,171,826,176.21 | 4,206,266,629.32 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets |
Derivativefinancialassets
| Derivativefinancialassets | ||
| Notesreceivable | 200,000.00 | 0.00 |
| Accountsreceivable | 271,529,528.64 | 187,697,631.47 |
| Accountsreceivablefinancing | ||
| Prepayments | 113,623,66870,897,468.33 | 50,543,422.85 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 826,857,046.54 | 789,050,350.51 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 9,123,926,016.15 | 5,312,489,258.20 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 54,162,450.68 | 48,991,965.92 |
| Totalcurrentassets | 12,519,398,686.55 | 10,595,039,258.27 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | 23,831,889.11 | 0.00 |
| Long-termequityinvestments | 50,360,681.37 | 45,710,220.79 |
| Investmentsinotherequityinstruments | 1,002,551.95 | 1,044,905.12 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 449,653,849.48 | 484,738,506.83 |
| Fixedassets | 108,161,443.02 | 116,233,936.04 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets |
Right-of-useassets
| Right-of-useassets | 71,472,680.73 | 0.00 |
| Intangibleassets | 1,482,489.98 | 482,049.51 |
| Developmentcosts | ||
| Goodwill | 9,446,847.38 | 0.00 |
| Long-termprepaidexpense | 21,803,064.95 | 11,862,716.14 |
| Deferredincometaxassets | 1,279,710,969.39 | 950,681,245.50 |
| Othernon-currentassets | 2,845,79745,571,997.85 | 1,564,074.34 |
| Totalnon-currentassets | 2,062,498,465.21 | 1,612,317,654.27 |
| Totalassets | 14,581,897,151.76 | 12,207,356,912.54 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 337,126,528.68 | 468,269,685.65 |
| Advancesfromcustomers | 1,265,805.23 | 473,274.48 |
| Contractliabilities | 1,371,850,725.60 | 666,893,629.72 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 192,804,286.38 | 177,190,197.36 |
| Taxespayable | 3,304,225,345.46 | 2,487,212,979.37 |
| Otherpayables | 959,398,886.29 | 847,142,613.09 |
| Including:Interestpayable | ||
| Dividendspayable | 12,202,676.04 | 12,202,676.04 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwith |
assetsheldforsale
| assetsheldforsale | ||
| Currentportionofnon-currentliabilities | 83,924,701.83 | 36,722,824.88 |
| Othercurrentliabilities | 77,355,792.16 | 43,354,691.51 |
| Totalcurrentliabilities | 6,327,952,071.63 | 4,727,259,896.06 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 3,524,500,000.00 | 3,587,800,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 83,081,182.89 | 0.00 |
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | 1,425,490.50 | 2,396,947.00 |
| Deferredincome | ||
| Deferredincometaxliabilities | 307,853.79 | 262.20 |
| Othernon-currentliabilities | 113,540,088.37 | 108,778,327.45 |
| Totalnon-currentliabilities | 3,722,854,615.55 | 3,698,975,536.65 |
| Totalliabilities | 10,050,806,687.18 | 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 | -8,174,653.66 | -6,749,589.41 |
| Specificreserve | ||
| Surplusreserves | 29,637,548.47 | 19,205,979.63 |
| Generalreserve | ||
| Retainedearnings | 3,788,180,758.20 | 3,038,993,912.43 |
| TotalequityattributabletoownersoftheCompanyastheparent | 4,486,110,790.39 | 3,727,917,440.03 |
| Non-controllinginterests | 44,979,674.19 | 53,204,039.80 |
Totalowners’equity
| Totalowners’equity | 4,531,090,464.58 | 3,781,121,479.83 |
| Totalliabilitiesandowners’equity | 14,581,897,151.76 | 12,207,356,912.54 |
Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31December2021 | 31December2020 |
| Currentassets: | ||
| Monetaryassets | 1,177,352,486.44 | 3,216,703,036.69 |
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 2,223,974.66 | 2,624,500.42 |
| Accountsreceivablefinancing | ||
| Prepayments | 5,400.00 | 0.00 |
| Otherreceivables | 2,412,506,681.28 | 145,325,697.20 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Inventories | 2,343,857,737.13 | 653,885,107.24 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 496,729.09 | 496,729.09 |
| Totalcurrentassets | 5,936,443,008.60 | 4,019,035,070.64 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 1,109,826,561.76 | 1,071,176,101.18 |
| Investmentsinotherequityinstruments | 1,233,051.95 | 1,275,405.12 |
Othernon-currentfinancialassets
| Othernon-currentfinancialassets | ||
| Investmentproperty | 283,198,989.66 | 303,827,356.62 |
| Fixedassets | 41,133,269.92 | 51,091,963.72 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 4,075,422.31 | 0.00 |
| Intangibleassets | ||
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 259,463.73 | 432,440.01 |
| Deferredincometaxassets | 190,014,842.35 | 252,331,518.26 |
| Othernon-currentassets | 1,718,846,484.20 | 1,197,407,234.55 |
| Totalnon-currentassets | 3,348,588,085.88 | 2,877,542,019.46 |
| Totalassets | 9,285,031,094.48 | 6,896,577,090.10 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 48,640,839.24 | 55,887,947.36 |
| Advancesfromcustomers | 425,164.77 | 0.00 |
| Contractliabilities | 524,139,983.49 | 0.00 |
| Employeebenefitspayable | 49,313,279.30 | 50,710,148.02 |
| Taxespayable | 4,678,424.25 | 3,736,082.67 |
| Otherpayables | 5,963,004,158.44 | 3,971,988,862.11 |
| Including:Interestpayable | ||
| Dividendspayable | 29,642.40 | 29,642.40 |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 65,163,793.74 | 31,573,154.86 |
| Othercurrentliabilities | 47,172,598.51 | 0.00 |
| Totalcurrentliabilities | 6,702,538,241.74 | 4,113,896,195.02 |
Non-currentliabilities:
| Non-currentliabilities: | ||
| Long-termborrowings | 525,100,000.00 | 588,200,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 2,976,367.29 | 0.00 |
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | ||
| Deferredincometaxliabilities | ||
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 |
| Totalnon-currentliabilities | 568,076,367.29 | 628,200,000.00 |
| Totalliabilities | 7,270,614,609.03 | 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 | -2,574,121.54 | -2,545,451.19 |
| Specificreserve | ||
| Surplusreserves | 29,637,548.47 | 19,205,979.63 |
| Retainedearnings | 1,337,497,586.41 | 1,487,964,894.53 |
| Totalowners’equity | 2,014,416,485.45 | 2,154,480,895.08 |
| Totalliabilitiesandowners’equity | 9,285,031,094.48 | 6,896,577,090.10 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | 2021 | 2020 |
| 1.Revenue | 4,491,965,643.71 | 4,104,374,646.02 |
| Including:Operatingrevenue | 4,491,965,643.71 | 4,104,374,646.02 |
Interestincome
| Interestincome | ||
| Insurancepremiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 3,186,363,257.38 | 3,094,700,417.31 |
| Including:Costofsales | 1,490,887,362.16 | 1,386,710,239.54 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 1,350,592,570.19 | 1,313,348,228.48 |
| Sellingexpense | 73,350,782.18 | 44,753,247.18 |
| Administrativeexpense | 263,700,171.29 | 238,625,143.31 |
| R&Dexpense | 2,171,797.80 | 0.00 |
| Financecosts | 5,660,573.76 | 111,263,558.80 |
| Including:Interestexpense | 75,361,420.03 | 182,930,469.55 |
| Interestincome | 74,598,590.37 | 72,357,101.87 |
| Add:Otherincome | 29,987,189.34 | 12,770,810.75 |
| Returnoninvestment(“-”forloss) | 4,650,460.58 | 634,098.07 |
| Including:Shareofprofitorlossofjointventuresandassociates | 4,650,460.58 | 634,098.07 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -29,082,610.26 | 4,623,356.81 |
| Assetimpairmentloss(“-”forloss) | 23,120.82 | -51,185.46 |
Assetdisposalincome(“-”forloss)
| Assetdisposalincome(“-”forloss) | 27.94 | 2,311.70 |
| 3.Operatingprofit(“-”forloss) | 1,311,180,574.75 | 1,027,653,620.58 |
| Add:Non-operatingincome | 9,411,411.47 | 11,697,661.23 |
| Less:Non-operatingexpense | 6,547,898.88 | 5,244,329.50 |
| 4.Profitbeforetax(“-”forloss) | 1,314,044,087.34 | 1,034,106,952.31 |
| Less:Incometaxexpense | 327,285,386.29 | 302,769,082.58 |
| 5.Netprofit(“-”fornetloss) | 986,758,701.05 | 731,337,869.73 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 986,758,701.05 | 731,337,869.73 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoshareholdersoftheCompanyastheparent | 1,003,969,842.33 | 798,572,121.74 |
| 5.2.1Netprofitattributabletonon-controllinginterests | -17,211,141.28 | -67,234,252.01 |
| 6.Othercomprehensiveincome,netoftax | -1,425,064.25 | -4,051,217.97 |
| AttributabletoownersoftheCompanyastheparent | -1,425,064.25 | -4,051,217.97 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -28,670.35 | -494,182.95 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -28,670.35 | -494,182.95 |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | -1,396,393.90 | -3,557,035.02 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod |
6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | -1,396,393.90 | -3,557,035.02 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | ||
| 7.Totalcomprehensiveincome | 985,333,636.80 | 727,286,651.76 |
| AttributabletoownersoftheCompanyastheparent | 1,002,544,778.08 | 794,520,903.77 |
| Attributabletonon-controllinginterests | -17,211,141.28 | -67,234,252.01 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 1.6846 | 1.3399 |
| 8.2Dilutedearningspershare | 1.6846 | 1.3399 |
WherebusinesscombinationsundercommoncontroloccurredintheCurrentPeriod,thenetprofitachievedbytheacquireesbeforethecombinationswasRMB0.00,withtheamountforthesameperiodoflastyearbeingRMB0.00.Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | 2021 | 2020 |
| 1.Operatingrevenue | 80,529,601.93 | 64,151,369.60 |
| Less:Costofsales | 38,571,950.27 | 45,749,528.01 |
| Taxesandsurcharges | 7,146,348.46 | 8,552,661.46 |
| Sellingexpense | 2,006,401.50 | 2,287,301.10 |
| Administrativeexpense | 95,334,812.14 | 98,340,542.43 |
| R&Dexpense |
Financecosts
| Financecosts | -34,874,500.11 | -43,492,708.54 |
| Including:Interestexpense | 25,501,758.97 | 15,950,523.75 |
| Interestincome | 62,777,061.34 | 65,751,243.49 |
| Add:Otherincome | 20,102,972.08 | 253,884.96 |
| Returnoninvestment(“-”forloss) | 134,368,018.21 | 116,246,519.46 |
| Including:Shareofprofitorlossofjointventuresandassociates | 4,650,460.58 | 634,098.07 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -356,512.44 | -116,544.34 |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | ||
| 2.Operatingprofit(“-”forloss) | 126,459,067.52 | 69,097,905.22 |
| Add:Non-operatingincome | 7,173,820.40 | 9,989,210.85 |
| Less:Non-operatingexpense | 169,457.44 | 374,965.45 |
| 3.Profitbeforetax(“-”forloss) | 133,463,430.48 | 78,712,150.62 |
| Less:Incometaxexpense | 29,147,742.04 | 50,688,730.41 |
| 4.Netprofit(“-”fornetloss) | 104,315,688.44 | 28,023,420.21 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 104,315,688.44 | 28,023,420.21 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | -28,670.35 | -494,182.95 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -28,670.35 | -494,182.95 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | -28,670.35 | -494,182.95 |
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueof | -28,670.35 | -494,182.95 |
investmentsinotherequityinstruments
| investmentsinotherequityinstruments | ||
| 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 | 104,287,018.09 | 27,529,237.26 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.175 | 0.047 |
| 7.2Dilutedearningspershare | 0.175 | 0.047 |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | 2021 | 2020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 5,427,495,607.22 | 4,390,400,364.60 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank |
Netincreaseinloansfromotherfinancialinstitutions
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 42,432,605.34 | 17,586,334.90 |
| Cashgeneratedfromotheroperatingactivities | 238,654,515.38 | 401,974,306.32 |
| Subtotalofcashgeneratedfromoperatingactivities | 5,708,582,727.94 | 4,809,961,005.82 |
| Paymentsforcommoditiesandservices | 4,680,560,459.83 | 1,398,688,587.24 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 741,779,645.12 | 660,768,525.22 |
| Taxespaid | 1,520,437,154.36 | 2,200,056,926.04 |
| Cashusedinotheroperatingactivities | 579,118,477.21 | 164,949,185.20 |
| Subtotalofcashusedinoperatingactivities | 7,521,895,736.52 | 4,424,463,223.70 |
| Netcashgeneratedfrom/usedinoperatingactivities | -1,813,313,008.58 | 385,497,782.12 |
2.Cashflowsfrominvestingactivities:
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | ||
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 30,506.93 | 136,131.48 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 30,506.93 | 136,131.48 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 22,581,359.73 | 48,482,853.70 |
| Paymentsforinvestments | 42,726,200.00 | |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 4,292,240.68 | |
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 69,599,800.41 | 48,482,853.70 |
| Netcashgeneratedfrom/usedininvestingactivities | -69,569,293.48 | -48,346,722.22 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 140,000.00 | 1,820,000.00 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 140,000.00 | 1,820,000.00 |
| Borrowingsraised | 2,175,000,000.00 | |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 140,000.00 | 2,176,820,000.00 |
| Repaymentofborrowings | 31,000,000.00 | 750,133,000.00 |
| Interestanddividendspaid | 434,126,408.58 | 411,945,003.98 |
| Including:Dividendspaidbysubsidiariestonon-controlling |
interests
| interests | ||
| Cashusedinotherfinancingactivities | 20,052,203.22 | 465,807,569.82 |
| Subtotalofcashusedinfinancingactivities | 485,178,611.80 | 1,627,885,573.80 |
| Netcashgeneratedfrom/usedinfinancingactivities | -485,038,611.80 | 548,934,426.20 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -1,487,028.62 | -3,275,807.74 |
| 5.Netincreaseincashandcashequivalents | -2,369,407,942.48 | 882,809,678.36 |
| Add:Cashandcashequivalents,beginningoftheperiod | 4,168,154,911.83 | 3,285,345,233.47 |
| 6.Cashandcashequivalents,endoftheperiod | 1,798,746,969.35 | 4,168,154,911.83 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | 2021 | 2020 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 655,800,441.53 | 64,857,663.10 |
| Taxrebates | 33,168,933.87 | |
| Cashgeneratedfromotheroperatingactivities | 2,571,773,113.99 | 2,016,415,754.18 |
| Subtotalofcashgeneratedfromoperatingactivities | 3,260,742,489.39 | 2,081,273,417.28 |
| Paymentsforcommoditiesandservices | 1,726,321,339.89 | 67,846,809.36 |
| Cashpaidtoandforemployees | 63,355,236.26 | 50,551,468.21 |
| Taxespaid | 12,501,445.12 | 1,296,096,715.75 |
| Cashusedinotheroperatingactivities | 3,120,104,282.29 | 352,366,216.10 |
| Subtotalofcashusedinoperatingactivities | 4,922,282,303.56 | 1,766,861,209.42 |
| Netcashgeneratedfrom/usedinoperatingactivities | -1,661,539,814.17 | 314,412,207.86 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 50,000,000.00 | 565,000,000.00 |
Returnoninvestment
| Returnoninvestment | ||
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 2,344.57 | 7,398.06 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 50,002,344.57 | 565,007,398.06 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 2,309,879.80 | 33,629,541.56 |
| Paymentsforinvestments | 466,000,000.00 | 495,807,569.82 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 468,309,879.80 | 529,437,111.38 |
| Netcashgeneratedfrom/usedininvestingactivities | -418,307,535.23 | 35,570,286.68 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsraised | 619,000,000.00 | |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 619,000,000.00 | |
| Repaymentofborrowings | 30,800,000.00 | |
| Interestanddividendspaid | 269,890,778.58 | 229,729,842.01 |
| Cashusedinotherfinancingactivities | 1,198,076.70 | |
| Subtotalofcashusedinfinancingactivities | 301,888,855.28 | 229,729,842.01 |
| Netcashgeneratedfrom/usedinfinancingactivities | -301,888,855.28 | 389,270,157.99 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | -12,608.83 | -28,110.51 |
| 5.Netincreaseincashandcashequivalents | -2,381,748,813.51 | 739,224,542.02 |
Add:Cashandcashequivalents,beginningoftheperiod
| Add:Cashandcashequivalents,beginningoftheperiod | 3,190,160,215.19 | 2,450,935,673.17 |
| 6.Cashandcashequivalents,endoftheperiod | 808,411,401.68 | 3,190,160,215.19 |
7.ConsolidatedStatementsofChangesinOwners’Equity
2021
Unit:RMB
| Item | 2021 | ||||||||||||||
| EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
| Preferredshares | Perpetualbonds | Other | |||||||||||||
| 1.Balanceasattheendoftheprioryear | 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.Balanceasatthe | 595,97 | 80,488,0 | -6,749,5 | 19,205,9 | 3,038,99 | 3,727,91 | 53,204,0 | 3,781,12 | |||||||
beginningoftheyear
| beginningoftheyear | 9,092.00 | 45.38 | 89.41 | 79.63 | 3,912.43 | 7,440.03 | 39.80 | 1,479.83 | |||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -1,425,064.25 | 10,431,568.84 | 749,186,845.77 | 758,193,350.36 | -8,224,365.61 | 749,968,984.75 | |||||||
| 3.1Totalcomprehensiveincome | -1,425,064.25 | 1,003,969,842.33 | 1,002,544,778.08 | -17,211,141.28 | 985,333,636.80 | ||||||||
| 3.2Capitalincreasedandreducedbyowners | 8,986,775.67 | 8,986,775.67 | |||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | 140,000.00 | 140,000.00 | |||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | |||||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | |||||||||||||
| 3.2.4Other | 8,846,775.67 | 8,846,775.67 | |||||||||||
| 3.3Profitdistribution | 10,431,568.84 | -254,782,996.56 | -244,351,427.72 | -244,351,427.72 | |||||||||
| 3.3.1Appropriationtosurplusreserves | 10,431,568.84 | -10,431,568.84 |
3.3.2Appropriationtogeneralreserve
| 3.3.2Appropriationtogeneralreserve | ||||||
| 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 | ||||||
| 3.4.5Othercomprehensiveincometransferredto |
retainedearnings
| retainedearnings | |||||||||||||
| 3.4.6Other | |||||||||||||
| 3.5Specificreserve | |||||||||||||
| 3.5.1Increaseintheperiod | |||||||||||||
| 3.5.2Usedintheperiod | |||||||||||||
| 3.6Other | |||||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 80,488,045.38 | -8,174,653.66 | 29,637,548.47 | 3,788,180,758.20 | 4,486,110,790.39 | 44,979,674.19 | 4,531,090,464.58 |
2020
Unit:RMB
| Item | 2020 | ||||||||||||||
| EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
| Preferredshares | Perpetualbonds | Other | |||||||||||||
| 1.Balanceasattheendoftheprioryear | 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 | |||||||||||||||
Adjustmentforcorrectionofpreviouserror
| Adjustmentforcorrectionofpreviouserror | |||||||||||||
| Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||
| Otheradjustments | |||||||||||||
| 2.Balanceasatthebeginningoftheyear | 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) | -4,051,217.97 | 2,145,531.58 | 581,874,117.04 | 579,968,430.65 | -65,414,252.01 | 514,554,178.64 | |||||||
| 3.1Totalcomprehensiveincome | -4,051,217.97 | 798,572,121.74 | 794,520,903.77 | -67,234,252.01 | 727,286,651.76 | ||||||||
| 3.2Capitalincreasedandreducedbyowners | 1,820,000.00 | 1,820,000.00 | |||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | 1,820,000.00 | 1,820,000.00 | |||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | |||||||||||||
| 3.2.3Share-based |
paymentsincludedinowners’equity
| paymentsincludedinowners’equity | ||||||||
| 3.2.4Other | ||||||||
| 3.3Profitdistribution | 2,145,531.58 | -216,698,004.70 | -214,552,473.12 | -214,552,473.12 | ||||
| 3.3.1Appropriationtosurplusreserves | 2,802,342.02 | -2,802,342.02 | ||||||
| 3.3.2Appropriationtogeneralreserve | ||||||||
| 3.3.3Appropriationtoowners(orshareholders) | -214,552,473.12 | -214,552,473.12 | -214,552,473.12 | |||||
| 3.3.4Other | -656,810.44 | 656,810.44 | ||||||
| 3.4Transferswithinowners’equity | ||||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||
| 3.4.3 |
Lossoffsetbysurplusreserves
| Lossoffsetbysurplusreserves | |||||||||||||
| 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 | -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 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
2021
Unit:RMB
| Item | 2021 | |||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserv | Less:Treasury | Othercomprehensi | Specificreserv | Surplusreserv | Retainedearni | Other | Totalowners’equity | |||
| Prefe | Perp | Othe | ||||||||||
es
| rredshares | etualbonds | r | es | stock | veincome | e | es | ngs | ||||
| 1.Balanceasattheendoftheprioryear | 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.Balanceasatthebeginningoftheyear | 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) | -28,670.35 | 10,431,568.84 | -150,467,308.12 | -140,064,409.63 | ||||||||
| 3.1Totalcomprehensiveincome | -28,670.35 | 104,315,688.44 | 104,287,018.09 | |||||||||
| 3.2Capitalincreasedandreducedbyowners | ||||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments |
3.2.3Share-basedpaymentsincludedinowners’equity
| 3.2.3Share-basedpaymentsincludedinowners’equity | |||||
| 3.2.4Other | |||||
| 3.3Profitdistribution | 10,431,568.84 | -254,782,996.56 | -244,351,427.72 | ||
| 3.3.1Appropriationtosurplusreserves | 10,431,568.84 | -10,431,568.84 | |||
| 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)fromsurplusreserves | |||||
| 3.4.3Lossoffsetbysurplusreserves | |||||
| 3.4.4 |
Changesindefinedbenefitschemestransferredtoretainedearnings
| Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
| 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 | -2,574,121.54 | 29,637,548.47 | 1,337,497,586.41 | 2,014,416,485.45 |
2020
Unit:RMB
| Item | 2020 | |||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
| Preferredshares | Perpetualbonds | Other | ||||||||||
| 1.Balanceasattheendoftheprioryear | 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
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||
| Adjustmentforcorrectionofpreviouserror | ||||||||||
| Otheradjustments | ||||||||||
| 2.Balanceasatthebeginningoftheyear | 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) | -494,182.95 | 2,802,342.02 | -189,331,394.93 | -187,023,235.86 | ||||||
| 3.1Totalcomprehensiveincome | -494,182.95 | 28,023,420.21 | 27,529,237.26 | |||||||
| 3.2Capitalincreasedandreducedbyowners | ||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity |
3.2.4Other
| 3.2.4Other | |||||
| 3.3Profitdistribution | 2,802,342.02 | -217,354,815.14 | -214,552,473.12 | ||
| 3.3.1Appropriationtosurplusreserves | 2,802,342.02 | -2,802,342.02 | |||
| 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 | |||||
| 3.4.3Lossoffsetbysurplusreserves | |||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretained |
earnings
| earnings | ||||||||||
| 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 | -2,545,451.19 | 19,205,979.63 | 1,487,964,894.53 | 2,154,480,895.08 |
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.Thefinancialstatementswereapprovedandauthorizedforissuebythe8
thMeetingofthe10
th
BoardofDirectorsoftheCompanyon29March2022.TheconsolidationscopeoftheCompany’sconsolidatedfinancialstatementswasdeterminedbasedonthecontrol.Therewere51subsidiariesincludingShenzhenHuangchengRealEstateCo.,Ltd.,DongguanGuomaoChangshengRealEstateDevelopmentCo.,
Ltd.,ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.includedintheconsolidationfinancialstatementsinthisreport.PleaserefertotheNoteVIIIandNoteIXofthefinancialreportfordetails.IVBasisforPreparationofFinancialStatements
1.PreparationBasisBasedonthecontinuingoperation,thefinancialstatementsoftheCompanyarepreparedinaccordancewiththeactualtransactions,governingprovisionsoftheAccountingStandardsforBusinessEnterprisesandthefollowingmajoraccountingpoliciesandestimates.
2.Continuation
Therewasnosuchcasewherethesustainableoperationabilitywithin12monthssincetheendoftheReportingPeriodwashighlydoubted.
V.ImportantAccountingPoliciesandEstimationsIndicationofspecificaccountingpoliciesandestimations:
1.StatementforComplyingwiththeAccountingStandardforBusinessEnterpriseThefinancialstatementpreparedbytheCompanycomplieswiththerequirementsofthelatestaccountingstandardsforbusinessenterprisesaswellastheapplicationguidelines,interpretationsandotherrelevantregulations(hereinafterreferredtoasthe“accountingstandardsforbusinessenterprises”)issuedbytheMinistryofFinance.ItreflectstheCompany’sfinancialconditions,operatingresults,cashflowandotherrelatedinformationinatruthfulandcompletemanner.Inaddition,inthepreparationofthefinancialreport,referencewasmadetothepresentationanddisclosurerequirementsoftheRuleforInformationDisclosurebyCompaniesOfferingSecuritiestothePublicNo.15-GeneralProvisionsonFinancialReports(2014Revision)andtheNoticeonRelatedMattersoftheImplementationofNewAccountingStandardsforBusinessEnterprisesbyListedCompanies(KJBH[2018]No.453).
2.FiscalPeriodThefiscalyearoftheCompanyisasolarcalendaryear,whichisfrom1Januaryto31December.
3.OperatingCycleExceptfortherealestateindustry,otherbusinessesrunbytheCompanyhaverelativelyshortoperatingcyclesaccordingtotheclassificationstandardof12-month’sliquidityofassetsandliabilities.Theoperatingcycleoftherealestateindustryshallbegenerallymorethan12monthsfromrealestatedevelopmenttocashthesales.Thespecificcycleshallbedeterminedbythedevelopmentprojectandclassifiedbytheassetsandliabilitiesliquidity.
4.StandardCurrencyofAccountsTheCompanyadoptsRenminbiasastandardcurrencyofaccounts.
5.AccountingProcessofBusinessCombinationsundertheSameControlandnotundertheSameControl
1.AccountingProcessofBusinessCombinationsundertheSameControlForbusinesscombinationunderthesamecontrolachievedthroughonetransactionorstepbystepthroughmultipletransactionsby
theCompany,theassetsandliabilitiesacquiredinabusinesscombinationaremeasuredatthecarryingvalueoftheacquireeintheconsolidatedfinancialstatementsoftheultimatecontrollingpartyatthedateofcombination.ThedifferencebetweenthecarryingvalueofnetassetsacquiredbytheCompanyandthecarryingvalueofthecombinationconsiderationpaid(orthetotalnominalvalueofsharesissued)isreferredtoforadjustingcapitalreserve;ifcapitalreserveisnotsufficienttooffsetthedifference,thenretainedearningsareadjusted.
2.AccountingProcessofBusinessCombinationsnotundertheSameControlTheGroupshallrecognizethepositivebalancebetweenthecombinationcostsandthefairvalueoftheidentifiablenetassetsobtainedfromtheacquireeonpurchasedateasgoodwill.Ifthecombinationcostsarelessthanthefairvalueoftheidentifiablenetassetsobtainedfromtheacquire,theCompanyshallrecheckthevariousidentifiableassetsandliabilitiesobtainedfromtheacquire,fairvaluewithliabilities,andmeasurementofcombinationcosts.Ifthecombinationcostsarelessthanthefairvalueoftheidentifiablenetassetsobtainedfromtheacquireafterrecheck,theCompanyshalltherecordthebalanceintotheprofitandlossofthecurrentperiod.Businesscombinationsnotunderthesamecontrolachievedstepbystepthroughmultipletransactionsshouldbetreatedinthefollowingorder:
(1)Adjustingtheinitialinvestmentcostoflong-termequityinvestmentIftheequityheldpriortothedateofpurchaseisaccountedundertheequitymethod,theequityisremeasuredatthefairvalueonthepurchasedate,andthedifferencebetweenthefairvalueanditscarryingvalueisincludedintheinvestmentincomeofthecurrentperiod;iftheequityintheacquireeheldpriortothepurchasedateinvolvesothercomprehensiveincomeorchangesinotherowners'equityundertheequitymethodofaccounting,itisconvertedintoincomeforthecurrentperiodonthepurchasedate,exceptforothercomprehensiveincomearisingfromthere-measurementoftheinvestee'snetliabilitiesofthedefinedbenefitpensionplanorchangesinnetassetsofthedefinedbenefitplanandchangesinthefairvalueofinvestmentsinotherequityinstrumentsheld.
(2)Determiningthegoodwill(ortheamountincludedintheprofitorlossforthecurrentperiod)Whencomparingtheinitialinvestmentcostoflong-termequityinvestmentsadjustedinthefirststepwiththeshareofthefairvalueoftheidentifiablenetassetsofthesubsidiaryonthepurchasedate,iftheformerismorethanthelatter,thedifferencebetweentheformerandthelatterisrecognizedasgoodwill;iftheformerislessthanthelatter,thedifferenceisincludedinprofitorlossforthecurrentperiod.Step-by-stepdisposalofequitythroughmultipletransactionsthatresultsinlossofcontroloverthesubsidiary
(1)Principlesfordeterminingwhethertransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiaryconstitutea"packagedeal"Themultipletransactionsaregenerallyregardedasa"packagedeal"inaccountingtreatmentiftheclauses,conditions,andeconomicimpactsofvarioustransactionsfallunderoneormoreofthefollowingcircumstances:
1)Thesetransactionsarereachedconcurrentlyoraftertheimpactthereofoneachotheristakenintoconsideration.
2)Thesetransactionsmayachieveacompletebusinessresultonlyasawhole.
3)Theoccurrenceofatransactiondependsontheoccurrenceof,ataminimum,oneanothertransaction.
4)Atransactionisconsidereduneconomicalseparatelybutisconsideredeconomicalwhenothertransactionsarealsotakenintoconsideration.
(2)Accountingtreatmentwhentransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiaryconstitutea"packagedeal"Ifthetransactionsinthedisposalofequityofasubsidiarythatresultsinthelossofcontrolconstituteapackagedeal,eachtransactionshouldbeaccountedforasatransactionthatdisposesofandlosescontroloverasubsidiary;however,thedifferencebetweenthe
disposalpriceandtheshareofthenetassetsofthesubsidiarycorrespondingtothedisposaloftheinvestmentforeachdisposalpriortothelossofcontrolshouldberecognizedasothercomprehensiveearningsintheconsolidatedfinancialstatementsandtransferredtoprofitorlossforthecurrentperiodwhentheCompanylostthecontrol.Intheconsolidatedfinancialstatements,theremainingequityshouldberemeasuredatfairvalueonthedateoflossofcontrol.ThesumoftheconsiderationobtainedfromthedispositionofequityandthefairvalueoftheresidualequityminustheCompany'sportionofnetassetsintheformersubsidiarycalculatedfromthedateofcombinationonanongoingbasisattheoriginalshareholdingratioisincludedinthereturnoninvestmentforthecurrentperiodwhentheCompanylostthecontrol.OthercomprehensiveincomerelatedtotheequityinvestmentsintheformersubsidiaryshouldbeincludedinthereturnoninvestmentorretainedearningsforthecurrentperiodwhentheCompanylostthecontrol.
(3)Accountingtreatmentwhentransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiarydonotconstitutea"packagedeal"IftheCompanydisposesofinvestmentsmadeinitssubsidiarywithoutlosingcontroloverthesubsidiary,intheconsolidatedfinancialstatements,thedifferencebetweenthepaymentforequitydisposedofandtheCompany'scorrespondingportionofnetassetsinthesubsidiaryisincludedinthecapitalreserve.Ifthecapitalreserveisinsufficientforoffset,theretainedearningsshouldbeadjusted.Ifthedisposalofinvestmentsmadeinitssubsidiaryresultsinalossofcontroloverthesubsidiary,intheconsolidatedfinancialstatements,theremainingequityshouldberemeasuredatthefairvalueonthedateoflossofcontrol.ThesumoftheconsiderationobtainedfromthedispositionofequityandthefairvalueoftheresidualequityminustheCompany'sportionofnetassetsintheformersubsidiarycalculatedfromthedateofcombinationonanongoingbasisattheoriginalshareholdingratioisincludedinthereturnoninvestmentforthecurrentperiodwhentheCompanylostthecontrol.OthercomprehensiveincomerelatedtotheequityinvestmentsintheformersubsidiaryshouldbeincludedinthereturnoninvestmentorretainedearningsforthecurrentperiodwhentheCompanylostthecontrol.
6.MethodsforPreparingConsolidatedFinancialStatementsBasedonthefinancialstatementsoftheCompanyastheparentanditssubsidiariesandotherrelatedmaterials,theconsolidatedfinancialstatementswerepreparedbytheGroupastheparentaccordingtoAccountingStandardsforEnterprisesNo.33–ConsolidatedFinancialStatements.
7.ClassificationofJointarrangementsandAccountingTreatmentofJointOperations
1.IdentificationandclassificationofjointarrangementsAjointarrangementisanarrangementoverwhichtwoormorepartieshavejointcontrol.Ajointarrangementhasthefollowingcharacteristics:(1)Eachparticipantisboundbythearrangement;(2)twoormorepartiesofthejointarrangementexercisejointcontroloverthearrangement.Noonepartycancontrolthearrangementalone,andanypartywithjointcontroloverthearrangementcanpreventtheotherpartyorcombinationofpartiesfromcontrollingthearrangementalone.Jointcontrolreferstothecommoncontroloveraparticulararrangementaccordingtorelevantagreement,andthatthedecisionsonrelevantactivitiesundersucharrangementaresubjecttounanimousconsentfromthepartiessharingthejointcontrol.Jointarrangementsaredividedintojointoperationsandjointventures.Ajointoperationisajointarrangementwherebythepartytojointarrangementhasrightstotheassets,andobligationsfortheliabilitiesrelatedtothearrangement.Ajointventureisajointarrangementwherebythepartytojointarrangementhasrightstothenetassetsofthearrangement.
2.AccountingtreatmentofjointarrangementsApartytoajointoperationshallrecognizethefollowingitemsrelatedtoitsshareofinterestinthejointoperationandconductaccountingtreatmentfortheminaccordancewiththerelevantprovisionsoftheAccountingStandardforBusinessEnterprises:(1)Recognitionofassetsheldseparatelyandofassetsheldjointlyinproportiontoitsshare;(2)recognitionofliabilitiesincurredseparatelyandofliabilitiesincurredjointlyinproportiontoitsshare;(3)recognitionofrevenuefromthesaleofitsshareoftheoutputofthejointoperation;(4)recognitionofrevenuefromthesaleofoutputofthejointoperationinproportiontoitsshare;(5)recognitionofexpensesincurredseparatelyandofexpensesincurredinthejointoperationinproportiontoitsshare.ThepartytoajointventureshouldconductaccountingtreatmentinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.2-Long-termEquityInvestment.
8.RecognitionStandardforCashandCashEquivalentsIntheCompany’sunderstanding,cashandcashequivalentsincludecashonhand,anydepositthatcanbeusedforcover,andshort-term(usuallyduewithin3monthssincethedayofpurchase)andhighcirculatinginvestments,whichareeasilyconvertibleintoknownamountofcashandwhoserisksinchangeofvalueareminimal.
9.ForeignCurrencyBusinessesandTranslationofForeignCurrencyFinancialStatements
(1)AccountingtreatmentsfortranslationofforeigncurrencybusinessAsforaforeigncurrencytransactioninitsinitialrecognition,theamountintheforeigncurrencyshallbetranslatedintotheamountintheRenminbiatthespotexchangerateofthetransactiondate.Onbalancesheetdate,theforeigncurrencymonetaryitemsshallbetranslatedasthespotexchangerateonthebalancesheetdate,thebalanceoccurredthereofshallberecordedintotheprofitsandlossesatthecurrentperiodexceptthatthebalanceofexchangearisingfromtheprincipalandinterestsofforeigncurrencyborrowingsforthepurchaseandconstructionorproductionofassetseligibleforcapitalization.Theforeigncurrencynon-monetaryitemsmeasuredatthehistoricalcostshallstillbetranslatedatthespotexchangerateonthetransactiondate,ofwhichtheamountoffunctionalcurrencyshallnotbechanged.Theforeigncurrencynon-monetaryitemsmeasuredatthefairvalueshallbetranslatedatthespotexchangerateontheconfirmingdateoffairvalue,ofwhichthebalanceofexchangeshallbeincludedintotheprofitandlossofthecurrentperiodorothercomprehensiveincome.
(2)TranslationofforeigncurrencyfinancialstatementsTheassetandliabilityitemsinthebalancesheetsshallbetranslatedataspotexchangerateonthebalancesheetdate.Amongtheowner’sequityitems,exceptfortheitemsas“retainedearnings”,otheritemsshallbetranslatedatthespotexchangerateatthetimewhentheyareincurred.Theincomeandexpenseitemsintheincomestatementsshallbetranslatedatthespotexchangerateatthetimewhentheyareincurred.Thedifferencefromtranslationofforeigncurrencyfinancialstatementsthereofshallberecognizedascomprehensiveincome.
10.FinancialInstruments
1.RecognitionandderecognitionoffinancialinstrumentsWhentheGroupbecomesapartytoafinancialinstrumentcontract,itrecognizesrelevantfinancialassetsorfinancialliabilities.Allregularacquisitionorsalesoffinancialassetsarerecognizedandderecognizedonatradingdaybasis.Regularacquisitionorsalesoffinancialassetsmeansdeliveringfinancialassetswithinthetimelimitoflaws,regulationsandusualmarketpracticesandinlinewithcontractterms.ThetradingdayreferstothedatewhentheGrouppromisestoacquireorsellfinancialassets.Financialassets(orpartoffinancialassets,orpartofasetofsimilarfinancialassets)arederecognized,i.e.,writtenofffromits
accountandbalancesheet,ifthefollowingconditionsaremet:
(1)Therighttoreceivecashflowsfromfinancialassetshasexpired;
(2)Therighttoreceivecashflowsfromthefinancialassetsistransferred,ortheobligationtopaythefullamountofcashflowsreceivedtoathirdpartyinatimelymannerisassumedundera"pass-throughagreement";and(a)substantiallyalmostalltherisksandrewardsofitsownershipofthefinancialassetsaretransferred,or(b)controloverthefinancialassetisrelinquished,althoughsubstantiallyalltherisksandrewardsofitsownershipofthefinancialassetsareneithertransferrednorretained.
2.ClassificationandmeasurementoffinancialassetsAtinitialrecognition,accordingtothebusinessmodelofmanagingfinancialassetsandthecontractualcashflowcharacteristicsoffinancialassets,financialassetsoftheGroupareclassifiedintothefollowingcategories:Financialassetsmeasuredattheamortizedcost,financialassetsmeasuredatfairvaluethroughothercomprehensiveincomeofthecurrentperiod,andfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.Thesubsequentmeasurementoffinancialassetsdependedontheircategories.TheGroup'sclassificationoffinancialassetsisbasedontheGroup'sbusinessmodelformanagingfinancialassetsandthecashflowcharacteristicsofthefinancialassets.
(1)FinancialassetsmeasuredatamortizedcostFinancialassetsthatmeetbothofthefollowingconditionsshallbeclassifiedasfinancialassetsmeasuredatamortizedcost:TheGroup'sbusinessmodelofmanagingthefinancialassetsaimsatobtainingcontractualcashflows;and,asstipulatedbycontractclausesofthefinancialassets,thecashflowsgeneratedonaspecificdatearemerelyforthepaymentofprincipalorinterestfromtheunpaidprincipal.Suchfinancialassetsaresubsequentlymeasuredatamortizedcostusingtheeffectiveinterestmethod.Gainorlossarisingfromderecognitionoramortizationusingtheeffectiveinterestmethodisincludedinprofitandlossforthecurrentperiod.
(2)DebtinstrumentinvestmentmeasuredatfairvaluethroughothercomprehensiveincomeFinancialassetsthatmeetallthefollowingconditionsshallbeclassifiedasfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincome:TheGroup'sbusinessmodelofmanagingthefinancialassetsaimsatobtainingcontractualcashflowsaswellassellingfinancialassets;and,asstipulatedbycontractclausesofthefinancialassets,thecashflowsgeneratedonaspecificdatearemerelyforthepaymentofprincipalorinterestfromtheunpaidprincipal.Suchfinancialassetsshallbesubsequentlymeasuredatfairvalue.Thediscountorpremiumisamortizedusingtheeffectiveinterestmethodandrecognizedasinterestincomeorexpense.Exceptforimpairmentlossesorgainsandexchangedifferencesthatarerecognizedasprofitandlossforthecurrentperiod,changesinthefairvalueofsuchfinancialassetsshallberecognizedasothercomprehensiveincome,untilthefinancialassetsarederecognizedwhenaccumulativegainsorlossesshallbetransferredtoprofitandlossforthecurrentperiod.Interestincomerelatedtosuchfinancialassetsisincludedinprofitorlossforthecurrentperiod.
(3)EquityinstrumentinvestmentmeasuredatfairvaluethroughothercomprehensiveincomeForfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincomethatareirrevocablychosenanddesignatedbytheGroupfromsomenon-tradingequityinstruments,therelevantdividendincomeshallbeincludedinprofitandlossforthecurrentperiodandchangesinthefairvalueshallberecognizedasothercomprehensiveincome,untilthefinancialassetsarederecognizedwhenaccumulativegainsorlossesshallbetransferredtoretainedearnings.
(4)FinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiodTheaforementionedfinancialassetsmeasuredatamortizedcostandfinancialassetsotherthanthosemeasuredatfairvaluethroughothercomprehensiveincomeareclassifiedasfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.Atinitialrecognition,inordertoeliminateorsignificantlyreduceaccountingmismatch,financialassetscanbedesignatedasfinancial
assetsmeasuredatfairvaluethroughprofitorlossforthecurrentperiod.Suchfinancialassetsshallbemeasuredatfairvalue,andallchangesinfairvalueareincludedintheprofitandlossforthecurrentperiod.WhenandonlywhentheGroupchangesitsbusinessmodelofmanagingfinancialassets,allrelevantfinancialassetsaffectedwillbere-classified.Forfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod,transactioncostsaredirectlyincludedinprofitandlossforthecurrentperiod.Forothertypesoffinancialassets,relatedtransactioncostsareincludedintheirinitialrecognizedamounts.
3.ClassificationandmeasurementoffinancialliabilitiesAtinitialrecognition,thefinancialliabilitiesoftheGroupareclassifiedintothefollowingcategories:Financialliabilitiesmeasuredattheamortizedcost,andfinancialliabilitiesmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.Financialliabilitiescanbedesignatedasfinancialliabilitiesmeasuredatfairvaluethroughprofitorlossforthecurrentperiodatinitialmeasurementifoneofthefollowingconditionsismet:(1)Thedesignationcaneliminateorsignificantlyreduceaccountingmismatch;(2)themanagementandperformanceevaluationofaportfoliooffinancialliabilitiesoraportfoliooffinancialassetsandfinancialliabilitiesarebasedonfairvalueinaccordancewiththeGroup'sriskmanagementorinvestmentstrategyassetoutinaformalwrittendocument,andarereportedtokeymanagementpersonnelonthisbasiswithintheGroup;(3)Thefinancialliabilitiescontainembeddedderivativesrequiresplitting.TheGroupdeterminestheclassificationoffinancialliabilitiesatinitialrecognition.Forfinancialliabilitiesmeasuredatfairvaluethroughprofitandlossforthecurrentperiod,transactioncostsaredirectlyincludedinprofitandlossforthecurrentperiod.Forothertypesoffinancialliabilities,relatedtransactioncostsareincludedintheirinitialrecognizedamounts.Thesubsequentmeasurementoffinancialliabilitiesdependedontheircategories:
(1)FinancialliabilitiesmeasuredatamortizedcostSuchfinancialliabilitiesshallbesubsequentlymeasuredatamortizedcostusingtheeffectiveinterestmethod.
(2)FinancialliabilitiesmeasuredatfairvaluethroughprofitandlossforthecurrentperiodFinancialliabilitiesmeasuredatfairvaluethroughprofitorlossforthecurrentperiodincludetradingfinancialliabilities(includingderivativesthatarefinancialliabilities)andfinancialliabilitiesdesignatedasatfairvaluethroughprofitorlossatinitialrecognition.
4.FinancialinstrumentoffsetThenetamountafterfinancialassetsandfinancialliabilitiesoffseteachotherisreportedinthebalancesheetifbothofthefollowingconditionsaremet:TheGrouphadacurrentlyenforceablelegalrighttooffsettherecognizedamounts;theGroupplannedtosettlethemonanetbasisortorealizethefinancialassetsandpayoffthefinancialliabilitiessimultaneously.
5.Impairmentoffinancialinstrument
(1)ImpairmentmeasurementandaccountinghandlingoffinancialinstrumentBasedonexpectedcreditloss,theCompanyconductsimpairmenthandlingandconfirmslossreserveforfinancialassetswhichismeasuredbyamortizedcost,debtinstrumentinvestmentwhichismeasuredbyfairvalueandwhosechangeiscalculatedintoothercomprehensiveprofits,accountsreceivableofrental,loancommitmentwhichisbeyondfinancialdebtclassifiedastheonewhichismeasuredbyfairvalueandwhosechangeiscalculatedintocurrentprofitsandlosses,financialdebtwhichdoesnotbelongtotheonewhichismeasuredbyfairvalueandwhosechangeiscalculatedintocurrentprofitsorlosses,orfinancialguaranteecontractoffinancialdebtwhichisformedwhenitdoesnotbelongtofinancialassettransferanddoesn’tconformtoconfirmationconditionofterminationorkeepsonbeinginvolvedintransferredfinancialasset.Expectedcreditlossreferstoweightedaverageofcreditlossoffinancialinstrumentwhichtakestheriskofcontractbreach
occurrenceastheweight.Creditlossreferstothedifferencebetweenallcontractcashflowwhichisconvertedintocashaccordingtoactualinterestrateandreceivableaccordingtocontractandallcashflowwhichtobechargedasexpected,i.e.currentvalueofallcashshortage.Amongit,asforfinancialassetpurchasedororiginalwhichhashadcreditimpairment,itshouldbeconvertedintocashaccordingactualinterestrateofthisfinancialassetaftercreditadjustment.Asforfinancialassetpurchasedororiginalwhichhashadcreditimpairment,theCompanyonlyconfirmscumulativechangeofexpectedcreditlosswithinthewholedurationafterinitialconfirmationonthebalancesheetdateaslossreserve.Asforaccountsreceivablewhichdon’tincludemajorfinancingcontentsortheCompanydoesnotconsiderfinancingcontentsincontractwhichislessthanoneyear,theCompanyappliessimplifiedmeasurementmethod,andmeasureslossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration.Asforaccountreceivableofrentalandaccountsreceivableincludingmajorfinancingcontents,theCompanyappliessimplifiedmeasurementmethod,andmeasurelossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration.Asforfinancialassetbeyondabovementionedmeasurementmethods,theCompanyevaluateswhetheritscreditriskhasincreasedobviouslysincetheinitialconfirmationoneachbalancesheetdate.Incasecreditriskhasincreasedobviously,theCompanymeasuresthelossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration;incasethecreditriskdoesnotincreaseobviously,theCompanymeasureslossreserveaccordingtotheamountofexpectedcreditlossinnext12months.Byutilizingobtainablerationalandwellgroundedinformation,includingforward-lookinginformation,comparingtheriskofcontractbreachonbalancesheetdateandriskofcontractbreachoninitialconfirmationdate,theCompanyconfirmswhetherthecreditriskoffinancialinstrumenthasincreasedobviouslyfrominitialconfirmation.Onbalancesheetdate,incasetheCompanyjudgesthatthefinancialinstrumentjusthasrelativelylowcreditrisk,thenitwillbeassumedthatcreditriskofthefinancialinstrumenthasnotincreasedobviously.Basedonsinglefinancialinstrumentorfinancialportfolio,theCompanyevaluatesexpectedcreditriskandmeasuresexpectedcreditloss.Whenbasedonfinancialinstrumentportfolio,theCompanytakescommonriskcharacteristicsasthebasis,anddividesfinancialinstrumentsintodifferentportfolios.TheCompanymeasuresexpectedcreditlossagainoneachbalancesheetdate,theincreaseoflossreserveoramountwhichistransferbackgeneratedbyitiscalculatedintocurrentprofitsandlossesasimpairmentprofitsorlosses.Asforfinancialassetwhichismeasuredbyamortizedcost,lossreserveoffsetsthecarryingvalueofthefinancialassetlistedinthebalancesheet;asfordebtinvestmentwhichismeasuredbyfairvalueandwhosechangeiscalculatedintoothercomprehensiveprofits,theCompanyconfirmsitslossreserveinothercomprehensiveprofitsanddoesnotoffsetthecarryingvalueofthefinancialasset.
(2)Financialinstrumentsassessingexpectedcreditriskbygroupsandmeasuringexpectedcreditlosses
Item
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Otherreceivables-intercoursefundsamongrelatedpartygroupwithintheconsolidationscope | Accountsnature | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
| Otherreceivables-interestreceivablegroup | ||
| Otherreceivables-otherintercoursefundsamongrelatedpartygroup | ||
| Otherreceivables-creditriskcharacteristicsgroup | Aginggroup | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
(3)Accountsreceivablewithexpectedcreditlossesmeasuredbygroups
①Specificgroupsandmethodofmeasuringexpectedcreditloss
Item
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Bank’sacceptancebillsreceivable | Billtype | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithintheentirelife |
| Tradeacceptancebillsreceivable | ||
| Accountsreceivable-otherintercoursefundsamongrelatedpartygroup | Accountnature | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithintheentirelife |
| Accountsreceivable-creditriskcharacteristicsgroup | Aginggroup | Preparethecomparativelistbetweenagingofaccountsreceivableandexpectedcreditlossrateovertheentirelifebyconsultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation |
②Accountsreceivable-thecomparativelistbetweenagingofcommoncustomergroupandexpectedcreditlossrateovertheentirelife
| Aging | Expectedcreditlossrateofaccountsreceivable(%) |
| Within1year(inclusive,thesamebelow) | 3.00 |
| 1to2years | 10.00 |
| 2to3years | 30.00 |
| 3to4years | 50.00 |
| 4to5years | 80.00 |
| Over5years | 100.00 |
6.FinancialassettransferFinancialassetsarederecognizediftheGrouphastransferredalmostalltherisksandrewardsofitsownershiptransferredtothetransferor;financialassetsarenotderecognizediftheGrouphasretainedalmostalltherisksandrewardsofitsownership.IftheGrouphasneithertransferrednorretainedalmostalltherisksandrewardsofitsownershipofthetransferredfinancialassets,itwillbetreatedrespectivelyaccordingtothefollowingcircumstances:Ifthecontroloverthefinancialassetsiswaived,relevantfinancialassetsshallbederecognized,andtheassetsandliabilitiesarisingfromthemshallberecognized;ifthecontroloverthefinancialassetsisnotwaived,relevantfinancialassetsshallberecognizedbasedontheextentofcontinuinginvolvementwithtransferredfinancialassets,andrelatedliabilitiesshallberecognizedaccordingly.Ifcontinuinginvolvementisprovidedbywayoffinancialguaranteeforthetransferredfinancialassets,theassetsresultingfromthecontinuinginvolvementarerecognizedatthelowerofthecarryingvalueofthefinancialassetsandthefinancialguaranteeamount.Thefinancialguaranteeamountreferstothemaximumamountoftheconsiderationreceivedthatwillberequiredtoberepaid.
11.NotesReceivableRefertoNoteV10FinancialInstrumentsofthefinancialstatementsfordetails.
12.AccountsReceivableRefertoNoteV10FinancialInstrumentsofthefinancialstatementsfordetails.
13.AccountsReceivableFinancingNotapplicable.
14.OtherReceivablesRecognitionandaccountingtreatmentmethodsregardingexpectedcreditlossesofotherreceivablesRefertoNoteV10FinancialInstrumentsofthefinancialstatementsfordetails.
15.Inventory
(1)InventoriesClassificationInventoriesincludedevelopmentlandheldforsaleorconsumptionintheprocessofdevelopmentandoperation,developmentproducts,temporarilyleaseddevelopmentproductswhichintendedforsale,relocationhousing,stockmaterials,inventoryequipment,andlow-valueconsumables,etc.,aswellasdevelopmentcostsintheprocessofdevelopment.
(2)CostFlowAssumption
1)Send-outmaterialsshalladoptthemovingweightedaveragemethod.
2)Duringthedevelopmentoftheproject,thedevelopmentlandshallbeincludedinthedevelopmentcostoftheprojectbythefloorareaapportionofthedevelopedproducts.
3)Send-outdevelopedproductsshallbeaccountedbyspecificidentificationmethod.
4)ThetemporarilyleaseddevelopmentproductswhichintendedforsaleandrelocationhousingshallbeamortizedaveragelybystagesaccordingtotheexpectedusefullifeofthesamekindoffixedassetsoftheCompany.
5)Ifthepublicsupportingfacilitiesarecompletedearlierthantherelevantdevelopmentproducts,afterthefinalaccountofthepublicsupportingfacilities，itshallbeaccountintothedevelopmentcostoftherelevantdevelopmentprojectsaccordingtothebuildingarea;Ifthepublicsupportingfacilitiesarecompletedlaterthantherelevantdevelopmentproducts,therelevantdevelopmentproductsshallwithholdthepublicsupportingfacilitiesfees,andadjusttherelevantdevelopmentproductcostsaccordingtothedifferencebetweentheactualoccurrenceandthewithholdamountafterthecompletedpublicsupportingfacilities'finalaccounts.
(3)RecognitionbasisofNetRealizableValueofInventoryOnthebalancesheetdate,inventoryshallbemeasuredatthelowerofcostornetrealizablevalue,andprovisionshallbemadeforfallingpriceofinventoriesonthegroundofthedifferencebetweenthecostofeachitemofinventoriesandthenetrealizablevalue.Inventoriesdirectlyforsale,undernormalproducingprocess,totheamountafterdeductingtheestimatedsaleexpenseandrelevanttaxesfromtheestimatedsellpriceoftheinventory,thenetrealizablevaluehasbeenrecognized;inventorieswhichneedtobeprocessed,undernormalproducingprocess,totheamountafterdeductingtheestimatedcostofcompletion,estimatedsaleexpenseandrelevanttaxesfromtheestimatedsalepriceofproducedfinishedgoods,thenetrealizablevaluehasbeenrecognized;onthebalancesheetdate,inthesameitemofinventories,ifsomehavecontractualpriceagreementwhileothersdonot,thenetrealizablevalueshallberecognizedrespectivelyandcomparedwiththeircost,andtheamountofprovisionwithdrawalorreversalforfallingpriceofinventoriesshallberecognizedrespectively.
(4)InventorySystemforInventoriesInventorysystem:Perpetualinventorysystem
(5)AmortizationMethodoftheLow-valueConsumptionGoodsandPackingArticles
1)Low-valueConsumptionGoodsOne-offamortizationmethod
2)PackingArticles
One-offamortizationmethod
16.ContractAssetsTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ConsiderationsthattheCompanyhastherighttocollectforcommoditiestransferredorservicesprovidedtocustomers(exceptforaccountsreceivable)arepresentedascontractassets.Forcontractassetsthatdonotcontainsignificantfinancingcomponents,theCompanyusesthesimplifiedmodelofexpectedcreditloss,measuringthelossprovisionaccordingtoanamountthatisequivalenttotheamountofexpectedcreditlossoftheentireduration.Theincreasedlossprovisionorreversedamountthereofshallberecordedintothecurrentprofitorlossasimpairmentlossesorgains.Forcontractassetsthatcontainsignificantfinancingcomponents,theCompanyhasmadetheaccountingpolicychoiceandselectedthesimplifiedmodelofexpectedcreditloss,measuringthelossprovisionaccordingtoanamountthatisequivalenttotheamountofexpectedcreditlossoftheentireduration.Theincreasedlossprovisionorreversedamountthereofshallberecordedintothecurrentprofitorlossasimpairmentlossesorgains.
17.ContractCostsContractcostscomprisecontractperformancecostandcontractacquisitioncost.ThecostincurredbytheCompanyfromperformingacontractisrecognizedintoanassetascontractperformancecostwhenitmeetsthefollowingconditions:
Thiscostdirectlyrelatestoanexistingcontractoracontractexpectedtobeacquired.Itconsistsofdirectlabor,directmaterials,manufacturecosts(orsimilarcosts),costsspecifiedtobebornebythecustomerandothercostsincurredfromthiscontractsolely.ThiscosthasincreasedtheCompany’ssourcesthatareusedtofulfillitscontractperformanceobligationsinthefuture.Thiscostisexpectedtoberecovered.AnincrementalcostthatisincurredbytheCompanyforacquiringacontractandexpectedtoberecoveredisrecognizedintoanassetascontractacquisitioncost.However,forsuchassetwithanamortizationperiodoflessthanoneyear,theCompanyrecognizesthemintocurrentprofit/lossattheiroccurrence.Assetsrelatedtocontractcostsareamortizedonthesamebasisforrecognizingtherevenuefromcommoditiesorservicesrelatedtosuchassets.Whenthecarryingvalueofanassetrelatedtocontractcostsishigherthanthedifferencebetweenthefollowingtwoitems,theCompanywillwithdrawimpairmentprovisionfortheexceededpartandrecognizeitasassetimpairmentloss:
Residualconsiderationexpectedtobegainedfromtransferringcommoditiesandservicesrelatedtothisasset;Costsexpectedtobeincurredfromtransferringsuchcommoditiesorservices.Whentheaforementionedassetimpairmentprovisionisreversedlater,thecarryingvalueoftheassetafterthereversalshouldnotexceeditscarryingvalueonthereversaldateundertheassumptionofnowithdrawalofimpairmentprovision.
18.AssetsHeldforSaleTheCompanydividesitscomponents(ornon-currentassets)meetingthefollowingconditionsintoavailableforsaleassets:(1)Assetscanbesoldimmediatelyunderthecurrentconditionsaccordingtothepracticeofsellingsuchassetsordisposalgroupsinsimilartransactions;(2)Thesaleislikelytooccur,andaresolutionhasbeenmadeonasaleplanandafirmpurchasecommitmentisobtained(afirmpurchasecommitmentreferstoalegallybindingpurchaseagreementsignedbetweenanenterpriseandotherparties,whichcontainsimportanttermssuchastransactionprice,timeandseverepenaltyforbreachofcontracttominimizethepossibilityofmajoradjustmentorcancellationoftheagreement.Thesaleisexpectedtobecompletedwithinayear.Ithasbeenapprovedbyrelevantauthoritiesorregulatoryauthoritiesaccordingtorelevantregulations.TheCompanyadjuststheestimatednetresidualvalueofavailableforsaleassetstothenetamountofitsfairvalueminusthesellingexpenses(whichshallnotexceedtheoriginalbookvalueoftheassetsavailableforsale).Thedifferencebetweentheoriginalbookvalueandtheadjustedestimatednetresidualvalueshallbeincludedinthecurrentprofitandlossasthelossofassetimpairment,and
provisionsforimpairmentofassetsavailableforsaleshallbemade.Fortheamountofimpairmentlossofdisposalgroupavailableforsalerecognized,thebookvalueofgoodwillofthedisposalgroupshallbeoffsetfirst,andthenthebookvalueofdisposalgroupshallbeoffsetinproportionaccordingtotheshareofthebookvalueofnon-currentassetsinthedisposalgroupmeasuredaccordingtothisStandard.Whenthenetamountoffairvalueofnon-currentassetsavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedafterbeingclassifiedasavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Theimpairmentlossofassetsrecognizedbeforebeingclassifiedasavailableforsaleassetsshallnotbereversed.Whenthenetamountoffairvalueofdisposalgroupavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedasnon-currentassetsinthedisposalgroupmeasuredaccordingtothisStandardafterbeingclassifiedintothecategoriesavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Thebookvalueofgoodwillthathasbeenoffsetandtheimpairmentlossofnon-currentassetsmeasuredaccordingtothisStandardshallnotbereversedbeforetheyareclassifiedasavailableforsaleassets.Thesubsequentreversalamountofassetimpairmentlossrecognizedasdisposalgroupavailableforsaleshallbeincreasedinproportiontotheshareofthebookvalueofnon-currentassetsinthedisposalgroup,exceptgoodwill,whicharemeasuredaccordingtothisStandard.Incasethatanenterpriselosesitscontroloverasubsidiaryduetosaleofitsinvestmentinthesubsidiary,theinvestmentinthesubsidiarytobesoldshallbedividedintotheavailableforsalecategoryinindividualfinancialstatementoftheparentcompanywhentheproposedinvestmentinthesubsidiarymeetstheconditionsforclassificationofavailableforsalecategory,andallassetsandliabilitiesofthesubsidiaryshallbeclassifiedintoavailableforsalecategoryintheconsolidatedfinancialstatements,nomatterwhethertheenterpriseretainspartofequityinvestmentafterthesale.
19.InvestmentsinDebtObligationsNotapplicable.
20.InvestmentsinotherDebtObligationsNotapplicable.
21.Long-termReceivableRefertoNoteV-10.FinancialInstrumentfordetails.
22.Long-termEquityInvestments
(1)JudgmentofJointControlandSignificantInfluencesTheterm"jointcontrol"referstothejointcontroloveranarrangementinaccordancewiththerelatedagreements,whichdoesnotexistunlesstheparticipantssharingthecontrolpoweragreewitheachotherabouttherelatedarrangedactivity.Theterm"significantinfluences"referstothepowertoparticipateinmakingdecisionsonthefinancialandoperatingpoliciesofanenterprise,butnottocontrolordojointcontroltogetherwithotherpartiesovertheformulationofthesepolicies.
(2)RecognitionofInvestmentCost
1)Ifthebusinesscombinationisunderthecommoncontrolandtheacquirerobtainslong-termequityinvestmentintheconsiderationofcash,non-monetaryassetexchange,bearingacquiree’sliabilities,ortheissuanceofequitysecurities,theinitialcostisthecarryingamountoftheproportionoftheacquiree’sowner’sequityattheacquisitiondate.Thedifferencebetweentheinitialcostofthelong-termequityinvestmentandthecarryingamountofthepaidcombinationorthetotalamountoftheissuedsharesshouldbeadjustedtocapitalsurplus.Ifthecapitalsurplusisnotsufficientforadjustment,retainedearningsareadjustedrespectively.Whenalong-termequityinvestmentisformedfromthebusinesscombinationundercommoncontrolthroughtheCompany’smultipletransactionsstepbystep,thetreatmentshallbecarriedoutbasedonwhetherthetransactionsconstitutethe“packagedeal”.Iftheydo,theaccountingtreatmentshallbecarriedoutonthebasisofassumingalltransactionsasonetransactionwiththeacquisitionofcontrol.Iftheydonot,theinitialinvestmentcostshallbetheportionofthecarryingvalueofacquiree’snetassets
entitledintheconsolidatedfinancialstatementsofthefinalcontrolleraftertheconsolidation.Thedifferencebetweentheinitialinvestmentcostofthelong-termequityinvestmentonthecombinationdateandthecarryingvalueoftheinvestmentbeforethecombinationplusthecarryingvalueofthenewly-paidconsiderationfortheacquisitionofthesharesontheconsolidationdateshallbeadjustedtocapitalreserve;ifthecapitalreserveisinsufficientfortheadjustment,retainedearningsshouldbeadjustedaccordingly.
2)Forthoseformedfromthebusinesscombinationunderdifferentcontrol,theinitialinvestmentcostisthefairvalueofthecombinationconsiderationpaidontheacquisitiondate.Whenalong-termequityinvestmentisformedfromthebusinesscombinationunderdifferentcontrolthroughtheCompany’smultipletransactionsstepbystep,theaccountingtreatmentshallbecarriedoutbasedonwhetherthefinancialstatementsareindividualorconsolidated:
①Inindividualfinancialstatements,theinitialinvestmentcostaccountedincostmethodisthesumofthecarryingvalueoftheequityinvestmentoriginallyheldandthecostofnewinvestment.②Inconsolidatefinancialstatements,judgewhetherthetransactionsconstitutethe“packagedeal”.Iftheydo,theaccountingtreatmentshallbecarriedoutonthebasisofassumingalltransactionsasonetransactionwiththeacquisitionofcontrol.Iftheydonot,fortheacquiree’sequityheldbeforetheacquisitiondate,re-measurementshallbecarriedoutaccordingtothefairvalueoftheequityontheacquisitiondateandthedifferencebetweenthefairvalueandthecarryingvalueshallberecordedintocurrentinvestmentincome;iftheacquiree’sequityheldbeforetheacquisitiondateinvolvesothercomprehensiveincomeaccountedinequitymethod,othercomprehensiveincomerelatedtoitshallbetransferredintotheincomefortheperiodinwhichtheacquisitiondatefalls,withtheexceptionoftheothercomprehensiveincomesoccurredbecauseofthechangesofnetliabilitiesornetassetsofthedefinedbenefitpensionplansbere-measuredforsettingbytheinvestees.③Forthoseformedotherthanfrombusinesscombination:Iftheyareacquiredincashpayment,theinitialinvestmentcostisthepurchasepriceactuallypaid;iftheyareacquiredintheissueofequitysecurities,theinitialinvestmentcostisthefairvalueoftheissuedequitysecurities;iftheyareacquiredindebtrestructuring,theinitialinvestmentcostshallberecognizedaccordingtotheAccountingStandardsforEnterprisesNo.12-DebtRestructuring;iftheyareacquiredintheexchangeofnon-monetaryassets,theinitialinvestmentshallberecognizedaccordingtotheAccountingStandardsforEnterprisesNo.7-ExchangeofNon-MonetaryAssets.
(3)MethodofsubsequentmeasurementandrecognitionofprofitsandlossesLong-termequityinvestmentwithcontroloverinvesteesshallbeaccountedincostmethod;long-termequityinvestmentonassociatedenterprisesandjointventuresshallbeaccountedinequitymethod.
(4)Methodoftreatingthedisposaloftheinvestmentinasubsidiarystembystepthroughmultipletransactionsuntilthelossofthecontrollingright
1)IndividualfinancialstatementsForthedisposedequity,thedifferencebetweenitsfairvalueandtheactuallyobtainedpriceshallberecordedintocurrentprofitsorlosses.Fortheresidualequity,thepartthatstillhassignificanteffectsoninvesteesorwithcommoncontroljointlywithotherpartiesshallbeaccountedinequitymethod;thepartthathasnomorecontrol,commoncontrolorsignificanteffectsoninvesteesshallbeaccountedinaccordancewiththerelevantregulationoftheAccountingStandardsforEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments.
2)Consolidatedfinancialstatements①Forthedisposaloftheinvestmentinsubsidiariesstepbystepuntilthelossofthecontrollingrightthroughmultipletransactions,whichdonotconstitutethe“packagedeal”Beforethelossofthecontrollingright,forthebalancebetweenthedisposalremunerationandthesharesofnetassetsinthesubsidiariesthathavebeencalculatedsincetheacquisitiondateorcombinationdatecorrespondingtothedisposaloflong-termequityinvestment,capitalreserve(capitalpremium)shallbeadjusted,andifthecapitalpremiumisnotsufficientforthewrite-down,theretainedearningsshallbewrittendown.
Atthelossofthecontrollingrightovertheoriginalsubsidiaries,theresidualequityshallbere-measuredatitsfairvalueonthedateoflosingthecontrollingright.Thedifferencebetweentheconsiderationobtainedintheequitydisposal,plusthefairvalueoftheremainingequities,lesstheCompany’sshareofnetassetsenjoyedoftheformersubsidiarythathasbeencalculatedsincetheacquisitiondateorcombinationdateaccordingtotheformershareholdingratio,shallberecordedintotheinvestmentgainsfortheperiodwhenthecontrolceases;meanwhile,goodwillshallbewrittendown.Othercomprehensiveincomerelatedtoformersubsidiary'sequityinvestmentshallbetransferredintocurrentinvestmentincomewhenthecontrolceases.②Forthedisposaloftheinvestmentinsubsidiariesstepbystepuntilthelossofthecontrollingrightthroughmultipletransactions,whichconstitutethe“packagedeal”Theaccountingtreatmentshallbecarriedoutonthebasisofconsideringeachtransactionasatransactionofdisposingthesubsidiaryandlosingcontrol.However,beforelosingcontrol,thedifferencebetweeneachdisposalpricebeforelosingthecontrol,andthecorrespondingnetassetsshareenjoyedofsubsidiarywhendisposinglong-termequityinvestment,shallberecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatementsandwhenthecontrolceases,transferredintocurrentprofitsorlossesoftheperiodoflosingcontrol.
(5)ImpairmenttestmethodandimpairmentprovisionmethodWhenthereisobjectiveevidenceindicatingimpairmentoftheinvestmentinsubsidiaries,jointventuresandcooperativeenterprisesonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount.
23.InvestmentPropertyMeasurementmodeofinvestmentrealestatesMeasurementofcostmethodDepreciationoramortizationmethod
1.Theterm"investmentrealestate"includestherighttouseanylandwhichhasalreadybeenrented,therighttouseanylandwhichisheldandpreparedfortransferafterappreciation,andtherighttouseanybuildingwhichhasalreadybeenrented.
2.TheCompanyinitiallymeasurestheinvestmentpropertyaccordingtothecosts,andadoptsthecostmethodinthesubsequentmeasurementofinvestmentproperty,andadoptsthesamemethodswithfixedassetsandintangibleassetstowithdrawdepreciationoramortization.Whenthereisanyindicationofimpairmentofinvestmentpropertyonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount.
24.FixedAssets
(1)RecognizedStandardofFixedAssetsTheterm"fixedassets"referstothetangibleassetsthatsimultaneouslypossessthefeaturesasfollows:theyareheldforthesakeofproducingcommodities,renderinglaborservice,rentingorbusinessmanagement;andtheirusefullifeisinexcessofonefiscalyear.Nofixedassetmayberecognizedunlessitsimultaneouslymeetstheconditionsasfollows:(1)Theeconomicbenefitsarelikelytoflowintotheenterprise;(2)Thecostofthefixedassetcanbemeasuredreliably.
(2)DepreciationMethod
Category
| Category | Depreciationmethod | Usefullife(year) | Expectednetsalvagevalue | Annualdeprecation |
| Housesandbuildings | Straight-linedepreciation | 20-25 | 5-10 | 3.6-4.75 |
| Transportation | Straight-linedepreciation | 5 | 5 | 19 |
| Otherequipment | Straight-line | 5 | 5 | 19 |
depreciation
| depreciation | ||||
| Machineryequipment | Straight-linedepreciation | 5 | 5 | 19 |
| Decorationoffixedassets | Straight-linedepreciation | 5 | 0 | 20 |
(3)RecognitionBasis,PricingandDepreciationMethodofFixedAssetsbyFinanceLeaseNotapplicable.
25.ConstructioninProgress
1.Noconstructioninprogressmayberecognizedunlessitsimultaneouslymeetstheconditionsasfollows:(1)Theeconomicbenefitsarelikelytoflowintotheenterprise;(2)Thecostofthefixedassetcanbemeasuredreliably.Constructioninprogressshallbemeasuredaccordingtotheoccurredactualcostsbeforetheassetsavailablefortheintendeduse.
2.Whentheconstructioninprogressisavailablefortheintendeduse,itshallbetransferredtofixedassetsaccordingtotheactualcostoftheproject.Forconstructioninprogressavailablefortheintendedusebutnotdealingwithfinalaccountsofcompletedproject,itshallbetransferredtofixedassetsaccordingtotheestimatedvaluefirst,andthenadjustoriginaltemporarilyestimatedvaluebasedontheactualcostsafterthefinalaccountsofcompletedproject,butnotadjustthedepreciationthatwasalreadycalculated.
26.BorrowingCosts
1.RecognitionPrincipleofCapitalizationofBorrowingCostsWheretheborrowingcostsincurredtotheCompanycanbedirectlyattributabletotheacquisitionandconstructionorproductionofassetseligibleforcapitalization,itshallbecapitalizedandrecordedintothecostsofrelevantassets.Otherborrowingcostsshallberecognizedasexpenseswhenitoccurred,andshallberecordedintothecurrentprofitsandlosses.
2.CapitalizationPeriodofBorrowingsCosts
(1)Theborrowingcostsshallnotbecapitalizedunlesstheysimultaneouslymeetthefollowingrequirements:1)Theassetdisbursementshavealreadyincurred;2)Theborrowingcostshavealreadyincurred;3)Theacquisitionandconstructionorproductionactivitieswhicharenecessarytopreparetheassetforitsintendeduseorsalehavealreadystarted.
(2)Wheretheacquisitionandconstructionorproductionofaqualifiedassetisinterruptedabnormallyandtheinterruptionperiodlastsformorethan3months,thecapitalizationoftheborrowingcostsshallbesuspended.Theborrowingcostsincurredduringsuchperiodshallberecognizedasexpenses,andshallberecordedintotheprofitsandlossesofthecurrentperiod,tilltheacquisitionandconstructionorproductionoftheassetrestarts.
(3)Whentheacquisitionandconstructionorproductionofaqualifiedasseteligibleforcapitalizationareavailableforitsintendeduseorsale,thecapitalizationofborrowingcostsshallbestopped.
3.CapitalizedrateandamountofborrowingcostsTotheextentthatfundsareborrowedspecificallyforthepurposeofacquiringorconstructingaqualifyingasset,theamountofborrowingcostseligibleforcapitalizationonthatassetisdeterminedastheactualinterestcosts(includingamortizationofdiscountandpremiumconfirmedaccordingtoeffectiveinterestmethod)incurredonthatborrowingduringtheperiodlessanyinvestmentincomeonthetemporaryinvestmentoftheborrowing.Totheextentthatfundsareborrowedgenerallyandusedforthepurposeofacquiringorconstructingaqualifyingasset,theamountofborrowingcostseligibleforcapitalizationshallbedeterminedbyapplyingacapitalizationratetotheweightedaverageofexcessofaccumulatedexpendituresonqualifyingassetoverthatonspecificpurposeborrowing.
27.BiologicalAssetsNotapplicable.
28.OilandGasAssetsNotapplicable.
29.Right-of-useAssetsOnthestartdateoftheleaseterm,theGroupdeemstheright-of-useassetsandleaseobligations,exceptforthesimplifiedshort-termleaseandlow-valueleases.TheGroupinitiallymeasuresright-of-useassetsatcost.Thecostincludes:
1.Theinitialmeasurementamountoftheleaseobligation.
2.Ifaleaseincentiveexistsforleasepaymentsmadeonorbeforethecommencementdateoftheleaseterm,theamountrelatedtotheleaseincentivealreadytakenisdeducted.
3.Initialdirectcostsincurred.
4.CostsexpectedtobeincurredbytheGroupfordismantlingandremovingtheleasedasset(s),restoringthepremiseswheretheleasedasset(s)is/arelocated,orrestoringtheleasedasset(s)tothestatusagreedintheleasingclauses.Iftheaforementionedcostsareincurredforinventoryproduction,relevantprovisionsofAccountingStandardforBusinessEnterprisesNo.1-Inventoryisapplicable.TheGrouprecognizesandmeasuresthecostsdescribedinItem4aboveinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.13-Contingencies.Theinitialdirectcostsincurredrefertotheincrementalcostsincurredtoachievethelease.Incrementalcostsarecoststhatwouldnothavebeenincurredhadthebusinessnotacquiredthelease.TheGroupdepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifitisreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theGroupwilldepreciatetheleaseholdpropertyoveritsremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theGroupwilldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheGroupdeterminestheimpairmentoftheright-of-useassetsandconductsaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.
30.IntangibleAssets
(1)PricingMethod,UsefulLifeandImpairmentTest
1.Intangibleassetsincluderighttouselandsites,userightofsoftwareetc.andconducttheinitialmeasurementaccordingtothecosts.
2.Withregardtointangibleassetswithlimitedservicelife,itshallbeamortizedsystematicallyandreasonablywithintheirservicelifeaccordingtotheexpectedimplementationofeconomicinterestsrelatedtotheintangibleassets.Ifitcan’trecognizetheexpectedimplementationreliably,itshallbeamortizedbystraight-linemethod.Thespecificusefullivesareasfollows:
Items
| Items | Usefullifeforamortization(years) |
| Userightoflands | Statutorylifeoflanduseright |
| Userightofsoftware | 5 |
Theintangibleassetswithuncertainservicelifeshallnotbeamortized,andtheCompanyrecheckstheservicelifeoftheintangibleassetsineveryaccountingperiod.Forintangibleassetswithuncertainservice,therecognitionbasisiswithoutcertainservicelifeandexpectedbenefitlife.
3.Forintangibleassetswithdefiniteservicelife,whenthereisanyindicationofimpairmentonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount;forintangible
assetswithuncertainservicelifeandthosenotreadyforservice,impairmenttestshallbeconductedeveryyearnomatterwhetherthereisanyindicationofimpairment.
(2)AccountingPoliciesofInternalR&DExpensesNotapplicable.
31.ImpairmentofLong-termAssetsForlong-termassets,suchaslong-termequityinvestment,investmentpropertymeasuredbycostmodel,fixedassets,constructioninprogress,andintangibleassetswithlimitedservicelife,theCompanyshallestimatetherecoverableamountiftherearesignsofimpairmentonbalancesheetdate.Forintangibleassetswithuncertaingoodwillorservicelifeformedbyenterprisecombination,whetherornotthereissignofimpairment,impairmenttestshallbeconductedeveryyear.Goodwillcombinationanditsrelatedassetsgrouporcombinationofassetsgroupshallbeconductedtheimpairmenttest.Iftherecoverableamountoftheabove-mentionedlong-termassetsislowerthanitscarryingvalue,itshallmakethepreparationforassetsimpairmentbasedonitsbalanceandberecordedintocurrentprofitsandlosses.
32.Long-termPrepaidExpensesLong-termdeferredexpensesrefertogeneralexpenseswiththeamortizedperiodoveroneyear(oneyearexcluded)thathaveoccurred.Long-termprepaidexpenseshallberecordedintotheaccountaccordingtotheactualaccrual.Long-termprepaidexpenseshallbeamortizedaveragelywithinbenefitperiodorspecifiedperiod.Incaseofnobenefitinthefutureaccountingperiod,theamortizedvalueofsuchprojectthatfailstobeamortizedshallbetransferredintotheprofitsandlossesofthecurrentperiod.
33.ContractLiabilitiesTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ObligationstobefulfilledbytheCompanyoftransferringcommoditiesorprovidingservicestocustomers,astheCompanyhasreceivedorshouldreceivecustomers’considerations,arepresentedascontractliabilities.
34.Payroll
(1)AccountingTreatmentofShort-termCompensationDuringtheaccountingperiodwhentheemployeesprovidingtheservicefortheCompany,theactualshort-termcompensationshallberecognizedasliabilities,andberecordedintothecurrentprofitsandlossesorrelatedassetscosts.
(2)AccountingTreatmentoftheWelfareafterDemissionTheCompany'swelfareafterdemissionplansisdividedintodefinedcontributionplansanddefinedbenefitplans(1)DuringtheaccountingperiodwhentheemployeeprovidingservicefortheCompany,theamountpaidinlinewiththesettingdrawingplanwillberecognizedasliabilitiesandrecordedintocurrentprofitsorlossesorcostofrelevantassets.
(2)Theaccountingtreatmentofdefinedbenefitplansusuallyconsistsofthefollowingsteps:
1)Accordingtotheexpectedcumulativewelfareunitmethod,adoptunbiasedandmutuallyconsistentactuarialassumptionstoevaluaterelateddemographicvariablesandfinancialvariables,measuretheobligationsgeneratedfromdefinedbenefitplansandrecognizetheperiodinrespectofrelatedobligations.Meanwhile,discounttheobligationsgeneratedfromdefinedbenefitplanstorecognizetheirpresentvalueandthecurrentservicecosts;
2)Ifthereareanyassetsinadefinedbenefitplan,thedeficitorsurplusformedfromthepresentvalueofthedefinedbenefitplanobligationslessthefairvalueofthedefinedbenefitplanassetsshallberecognizedasnetliabilitiesornetassetsofadefinedbenefitplan.Ifthereisanysurplusinadefinedbenefitplan,thenetassetsoftheplanshallbemeasuredatthelowerofthesurplusortheupperassetlimit;
3)Attheendoftheperiod,thestaffremunerationcostsgeneratedfromadefinedbenefitplanshallberecognizedasservicescosts,netinterestsofthenetliabilitiesornetassetsoftheplanandchangesfromthere-measurementofthenetliabilitiesornetassetsof
theplan.Servicecostsandnetinterestsofthenetliabilitiesornetassetsoftheplanshallberecordedintothecurrentprofitsorlossesorrelatedassetcosts,whilechangesfromthere-measurementofthenetliabilitiesornetassetsoftheplanshallberecordedintoothercomprehensiveincomeandshallnotbetransferredbacktoprofitsorlossesinsubsequentaccountingperiods.Buttheamountsrecognizedinothercomprehensiveincomemaybetransferredwithintheequityscope.
(3)AccountingTreatmentofDemissionWelfareWhentheCompanyisunabletounilaterallywithdrawtheplanonthecancellationoflaborrelationshiporthelayoffproposal,orwhenrecognizingthecostsorexpenses(theearlieronebetweenthetwo)relatedtothereorganizationofpayingthedemissionwelfare,shouldrecognizethepayrollliabilitiesfromthedemissionwelfareandincludeinthecurrentgainsandlosses.
(4)AccountingTreatmentofOtherWelfareoftheLong-termEmployeesTheCompanyprovidestheotherlong-termemployeebenefitsfortheemployees,andforthosemetwiththedefinedcontributionplans,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedcontributionplans;thefortheotherslong-termemployeebenefitsexceptfortheformer,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedbenefitplans.Inordertosimplifytherelatedaccountingtreatment,thepayrollsshallberecognizedasservicecosts,thenetamountofinterestofnetliabilitiesandnetassetsofotherwelfareofthelong-termemployees.Thetotalnetamountsmadeupfromthechangesofmeasuringthenetliabilitiesandnetassetsofotherwelfareofthelong-termemployeesagainshallberecordedintothecurrentprofitsandlossesorrelatedassetscosts.
35.LeaseLiabilitiesOnthestartdateoftheleaseterm,theGroupdeemstheright-of-useassetsandleaseobligations,exceptforthesimplifiedshort-termleaseandlow-valueleases.TheGroupinitiallymeasurestheleaseobligationatthepresentvalueoftheleasepaymentsoutstandingatthecommencementdateoftheleaseterm.Theterm"leasepayments"referstothepaymentsmadebytheGrouptothelessorintermsoftheuseoftheleasedasset(s)withintheleaseterm,including:
(1)fixedleasepaymentsandsubstantialfixedleasepayments(ifaleaseincentiveexists,deducttheamountrelatedtotheleaseincentive);
(2)thevariableleasepaymentsthatdependonindexationorratio,whicharedeterminedaccordingtotheindexationorratioonthecommencementdateoftheleasetermintheinitialmeasurement;
(3)theexercisepriceofthepurchaseoption,whenapplicable,iftheGroupisreasonablycertainthattheoptionwillbeexercised;
(4)paymentsrequiredtobemadeforexercisingtheoptiontoterminatetheleaseiftheleasetermreflectsthattheGroupwillexercisesuchanoption;
(5)estimatedamountpayablebasedontheresidualvalueoftheguaranteeprovidedbytheGroup.Whencalculatingthepresentvalueofleasepayments,theGroupusestheinterestrateimplicitinleaseastherateofdiscount.Iftheinterestrateimplicitinleasecannotbedetermined,theGroup’sincrementallendingrateisusedastherateofdiscount.
36.Provisions
1.Theobligationsuchasexternalguaranty,litigationorarbitration,productqualityassurance,losscontract,pertinenttoacontingenciesshallberecognizedastheprovisionswhenthefollowingconditionsaresatisfiedsimultaneously:①Thatobligationisacurrentobligationoftheenterprise;②Itislikelytocauseanyeconomicbenefittoflowoutoftheenterpriseasaresultofperformanceoftheobligation;and③Theamountoftheobligationcanbemeasuredinareliableway.
2.TheCompanyshallconducttheinitialmeasurementtoprovisionsaccordingtothebestestimatenumberneededforperformingtherelatedcurrentobligationandrecheckthecarryingvalueofaccruedliabilitiesonbalancesheetdate.
37.Share-basedPaymentNotapplicable.
38.OtherFinancialInstrumentssuchasPreferenceSharesandPerpetualBondsNotapplicable.
39.RevenueTheAccountingPolicyAdoptedforRecognitionandMeasurementofRevenue
1.RecognitionofrevenueTheCompanygainsrevenuemainlyfrompropertysales,propertymanagement,salesofsoftwareandpropertyleasing(referto32.Leasingformoredetail).TheCompanyrecognizesrevenuewhenithasfulfilledtheobligationofcontractperformance,namely,whenithasacquiredthecontroloftherelatedcommodity.Theacquisitionofcontroloveracommodityreferstothecapacitytocontroltheuseofthecommodityandtogainalmostalleconomicintereststhereof.
2.TheCompanyjudgeswhetheracontractperformanceobligationis“acontractperformanceobligationfulfilledinatimeperiod”or“acontractperformanceobligationfulfilledatatimepoint”accordingtothetermsinrevenuestandards,andrecognizesrevenueaccordingtothefollowingprinciples.
(1)WhentheCompanymeetsoneofthefollowingconditions,theobligationshouldbeclassifiedasacontractperformanceobligationfulfilledinaspecifictimeperiod:
1)ThecustomergainsandconsumestheeconomicinterestsbroughtbytheCompany’scontractperformancewhentheCompanyperformsthecontract.
2)ThecustomerisabletocontroltheassetsinprogressduringtheCompany’scontractperformance.
3)TheassetsproducedduringtheCompany’scontractperformancehaveirreplaceableuse,andtheCompanyhastherighttocollectpaymentinrespectofitscompletedcontractperformanceaccumulatedasofnowthroughouttheentirecontractperiod.Foracontractperformanceobligationfulfilledinatimeperiod,theCompanyrecognizesrevenueaccordingtotheprogresstowardscontractcompletioninthatperiod,butexcludingthecasewhensuchprogresscannotbereasonablydetermined.TheCompanyusestheoutputorinputmethodtodeterminetherightprogresstowardscontractcompletionbyconsideringthenatureofthecommodity.
4)Foronethatisclassifiedasacontractperformanceobligationfulfilledatatimepointinsteadofinatimeperiod,theCompanyrecognizesrevenuewhenthecustomeracquiresthecontrolovertherelatedcommodity.Injudgingwhetherthecustomerhasacquiredthecontroloveracommodity,theCompanyconsidersthefollowingsigns:
1)TheCompanyisentitledtothecurrentrightofpaymentcollectioninrespectofthecommodity.Inotherwords,thecustomerhasthecurrentobligationtopayforthecommodity.
2)TheCompanyhastransferredthelegalownershipofthecommoditytothecustomer.Inotherwords,thecustomerhasownedthelegalownershipofthecommodity.
3)TheCompanyhastransferredthephysicalcommoditytothecustomer.Inotherwords,thecustomerhastakenphysicalpossessionofthecommodity.
4)TheCompanyhastransferredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.Inotherwords,thecustomerhasacquiredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.
5)Thecustomerhasacceptedthecommodity.
6)Othersignsindicatingthatthecustomerhasacquiredcontroloverthecommodity.SpecificpoliciesoftheCompanyforrecognizingrevenue:
1)RealEstateSalesContractsTherealizationofsalesrevenueshallberecognizedunderthefollowingconditions:thedevelopedproductshavebeencompletedandaccepted,thesalescontracthasbeensignedandtheobligationsstipulatedinthecontracthavebeenfulfilled,themainrisksandrewardsofownershipofthedevelopedproductshavebeentransferredtothebuyeratthesametime,theCompanyshallnolonger
retainthecontinuousmanagementrightsnormallyassociatedwithownershipandeffectivelycontrolthesolddevelopedproducts,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,andconfirmthecompletionoflaborserviceaccordingtothecostsincurredasapercentageofthetotalestimatedcosts.IftheCompanycan’t,onthedateofthebalancesheet,reliablyestimatetheoutcomeofatransactionconcerningthelaborservicesitprovides,itshallbehandledunderthefollowingconditions:Ifthecostoflaborservicesincurredisexpectedtobecompensated,therevenuefromtheprovidingoflaborservicesshallberecognizedinaccordancewiththeamountofthecostoflaborservicesincurred,andthecostoflaborservicesshallbecarriedforwardatthesameamount;Ifthecostoflaborservicesincurredisnotexpectedtocompensate,thecostincurredshouldbeincludedinthecurrentprofitsandlosses,andnorevenuefromtheprovidingoflaborservicesmayberecognized.Propertymanagementrevenueshallberecognizedwhenpropertymanagementserviceshavebeenprovided,economicbenefitsrelatedtopropertymanagementservicescanflowintotheenterprise,andcostsrelatedtopropertymanagementcanbereliablymeasured.
3)TransferringtheRighttoUseAssetsTherevenueoftransferringtherighttouseassetsmaynotberecognizedunlessthefollowingconditionsarebothmet:therelevanteconomicbenefitsarelikelytoinflowtotheCompany;andtherevenuecanbereliablymeasured.TheinterestincomeshallberecognizedaccordingtothetimeandactualinterestrateinwhichotherpeopleusetheCompany’smonetaryfunds.Royaltyrevenueshallberecognizedaccordingtothechargeabletimeandmethodstipulatedinrelatedcontractsandagreements.Accordingtotheleasedateandleaseamountagreedintheleasecontractandagreement,therealizationofrentalpropertyincomeshallberecognizedwhenrelevanteconomicbenefitsarelikelytoflowin.
4)Softwaresalesrevenue①RevenuerecognitionandmeasurementmethodsforsalesofcustomsoftwareandindependentsoftwareproductsCustomsoftwarereferstothespecialsoftwaredesignedanddevelopedafterthefullon-siteinvestigationoftheuser'sbusinessaccordingtothesoftwaredevelopmentcontractsignedwiththecustomerbasedontheactualneedsoftheuser,andtheresultingdevelopedsoftwareisnotuniversal.RevenueisrecognizedovertimebasedontheprogressofcompletedperformanceobligationsoverthecontractperiodonlyifthegoodsproducedbytheCompanyinthecourseofperformancehaveanirreplaceableuseandtheCompanyisentitledtoreceivepaymentforthecumulativeportionofperformancecompletedtodatethroughoutthecontractperiod,withtheprogressofcompletedperformanceobligationsdeterminedbytheproportionofthecontractcostsactuallyincurredtocompletetheperformanceobligationstothetotalestimatedcontractcosts.Otherwise,therevenueisrecognizedatacertainpointintime.
Forsalescontractsofindependentsoftwareproductssignedwiththecustomer,thecustomerdirectlypurchasesthestandardversionofthesoftware,i.e.,therealestateandfacilitiesmanagementplatform,andthecorrespondingmodulesaredeployedbyimplementationpersonnelaccordingtothecustomer'srequirements.Inthiscase,theperformanceobligationsaretobeperformedatacertainpointintime.TherevenueisrecognizedaftertheCompanydeliverstheproducttothecustomerandthecustomeracceptstheproduct.②RevenuerecognitionandmeasurementmethodsforsystemsintegrationcontractsSystemintegrationincludesthesaleandinstallationofpurchasedmerchandiseandsoftwareproducts.TherevenueisrecognizedwhentheCompanyhastransferredtheprimaryrisksandrewardsoftheownershipofthepurchasedmerchandisetothepurchaser;theCompanyneitherretainedthecontinuedmanagementrightsusuallyassociatedwiththeownership,noreffectivelycontrolledthesoldgoods;theinstallationandcommissioningofthesystemhavebeencompletedandthesystemhasbeenputintotrialoperation,ortheinitialinspectionreportofthepurchaserisobtained;theeconomicbenefitsrelevanttothetransactionarelikelytoflowintotheCompany,therelevantcostscanbereliablymeasured.③RevenuerecognitionandmeasurementmethodsfortechnicalservicerevenueTechnicalservicerevenuemainlyreferstothebusinessofprovidingconsulting,implementationandafter-salesservicesofproductstocustomersasrequiredbycontracts.Ifaserviceperiodisagreeduponinacontract,itisconsideredasaperformanceobligationtobeperformedwithinacertainperiodoftime,andrevenueisrecognizedforservicessettledwiththecustomerinaccordancewiththecontractedserviceperiodduringtheserviceprovisionperiod.
5)OtherBusinessIncomeAccordingtothestipulationsofrelevantcontractsandagreements,whentheeconomicbenefitsrelatedtothetransactioncanflowintotheenterpriseandthecostsrelatedtotheincomecanbereliablymeasured,therealizationofotherbusinessincomeshallbeconfirmed.
3.MeasurementofRevenueTheCompanyshouldmeasurerevenueaccordingtothetransactionpricesapportionedtoeachoftheindividualcontractperformanceobligations.Indeterminingatransactionprice,theCompanyconsiderstheimpactofanumberoffactors,includingvariableconsideration,significantfinancingcomponentsincontracts,non-cashconsideration,andconsiderationpayabletocustomers.
(1)VariableconsiderationTheCompanydeterminesthebestestimateofvariableconsiderationaccordingtotheexpectedvalueortheamountmostlikelytooccur.Butatransactionpricecontainingvariableconsiderationshouldnotexceedtheamountfromtheaccumulatedrecognizedrevenuethatwillprobablynothaveanysignificantreversalwhenrelateduncertaintiesareeliminated.Whenassessingwhetherthesignificantreversalofaccumulatedrecognizedrevenueisalmostimpossibleornot,acompanyshouldconcurrentlyconsiderthepossibilityandweightoftherevenuereversal.
(2)SignificantfinancingcomponentWhenacontractcontainsanyfinancingcomponent,theCompanyshoulddeterminethetransactionpriceaccordingtotheamountpayablethatisassumedtobepaidincashbythecustomerwhenitacquirescontroloverthecommodity.Thedifferencebetweenthetransactionpriceandthecontractconsiderationshouldbeamortizedintheeffectiveinterestmethodduringthecontractperiod.
(3)Non-cashconsiderationWhenacustomerpaysnon-cashconsideration,theCompanyshoulddeterminethetransactionpriceaccordingtothefairvalueofthenon-cashconsideration.Whensuchfairvaluecannotbereasonablyestimated,theCompanywillindirectlydeterminethetransactionpricebyreferencetotheindividualpricecommittedbytheCompanyfortransferringthecommoditytothecustomer.
(4)ConsiderationpayabletoacustomerForconsiderationpayabletoacustomer,theCompanyshoulddeductthetransactionpricefromtheconsiderationpayable,anddeducttherevenueforthecurrentperiodateithertherecognitionofrelatedrevenueorthepayment(orcommittedpayment)oftheconsiderationtothecustomer,whicheverisearlier,butexcludingthecaseinwhichtheconsiderationpayabletothecustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcanbeobviouslydistinguished.
IftheCompany’sconsiderationpayabletoacustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcanbeobviouslydistinguished,theCompanyshouldconfirmthecommoditypurchasedinthesamewayasinitsotherpurchases.WhentheCompany’sconsiderationpayabletoacustomerexceedsthefairvalueofthecommoditythatcanbeobviouslydistinguished,theexceededamountshouldbeusedtodeductthetransactionprice.Ifthefairvalueofthecommodityacquiredfromthecustomerthatcanbeobviouslydistinguishedcannotbereasonablyestimated,theCompanyshoulddeductthetransactionpricefromtheconsiderationpayabletothecustomer.DifferencesinaccountingpoliciesfortherecognitionofrevenuecausedbydifferentbusinessmodelsforthesametypeofbusinessNotapplicable.
40.GovernmentGrants
1.Ifthegovernmentsubsidiesmeetwiththefollowingconditionsatthesame,itshouldberecognized:(1)Theentitywillcomplywiththeconditionattachingtothem;(2)Thegrantswillbereceivedfromgovernment.Ifagovernmentsubsidyisamonetaryasset,itshallbemeasuredaccordingtotheamountreceivedorreceivable.Ifagovernmentsubsidyisanon-monetaryasset,itshallbemeasuredatitsfairvalue,andshallbemeasuredatanominalamountwhenthefairvaluecannotbeobtainedreliably.
2.JudgmentbasisandaccountingmethodsofgovernmentsubsidiesrelatedtoassetsThegovernmentsubsidiesthatareacquiredforconstructionorformlong-termassetsinotherwaysaccordingtogovernmentdocumentsshallbedefinedasasset-relatedgovernmentsubsidies.Forthosenotspecifiedingovernmentdocuments,thejudgmentshallbemadebasedonthecompulsoryfundamentalconditionsforacquiringthesubsidies.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,thedeferredtaxassetunrecognizedinpriorperiodshall
berecognized.
3.TheCompanyassessesthecarryingamountofdeferredtaxassetatthebalancesheetdate.Ifit’sprobablethatsufficienttaxableprofitwillnotbeavailableagainstwhichthedeductibletemporarydifferencecanbeutilized,theCompanyshallwritedownthecarryingamountofdeferredtaxasset,orreversetheamountwrittendownlaterwhenit’sprobablethatsufficienttaxableprofitwillbeavailable.
4.ThecurrentincometaxanddeferredincometaxoftheCompanyarerecordedintothecurrentgainsandlossesasincometaxexpensesorrevenue,exceptinthefollowingcircumstances:(1)Businesscombination;(2)Thetransactionoreventdirectlyincludedinowner’equity.
42.Lease
(1)AccountingTreatmentofOperatingLease
1.LesseeTheGroupshall,whenasthelessee,onthecommencementdateoftheleaseterm,recognizetheright-of-useassetsandleaseobligationsforthelease,unlessitisasimplifiedshort-termleaseorlow-valueassetlease.Afterthecommencementdateoftheleaseterm,theGroupusesthecostmodelforsubsequentmeasurementofright-of-useassets.TheGroupdepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifthelesseecanreasonablyascertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleaseholdpropertyoveritsremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheGroupwilldeterminetheimpairmentoftheright-of-useassetsandconductaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.TheGroupcalculatestheinterestexpensesoftheleaseobligationsduringeachperiodoftheleasetermatafixedperiodicinterestrate,andincludestheminprofitorlossforthecurrentperiod.WheretheAccountingStandardsforBusinessEnterprisesNo.17-BorrowingCostsandotherstandardsprovidethatsuchinterestexpensesshallbeincludedinthecostofrelatedassets,suchprovisionsshallbeobserved.TheGroupdoesnotrecognizetheright-of-useassetsandleaseliabilitiesforshort-termleasesandlow-valueassetleases.Ineachperiodwithintheleaseterm,therelevantleasepaymentsforshort-termleasesandlow-valueassetleasesareincludedincostoftherelatedassetsorprofitorlossforthecurrentperiodonastraight-linebasis.
2.LessorOperatingLeaseInthecaseoftheGroupisthelessor,itrecognizesthereceiptsoftheoperatingleaseincurredduringeachperiodoftheleasetermasrentalsbythestraight-linemethod.TheGroupcapitalizestheinitialdirectcostsrelatedtotheoperatingleaseuponincurrencethereofand,withintheleaseterm,apportionsandincludessuchcostsinthecurrentprofitorlossonthebasissameastherecognitionofrentals.Forthefixedassetsintheassetsunderoperatinglease,theGroupshalladoptthedepreciationpolicyofsimilarassetstocalculateanddistilldepreciation.Forotherassetsunderoperatinglease,theGroupshallamortizetheminasystematicandreasonablemannerinaccordancewiththeaccountingstandardsforenterprisesapplicabletotheassets.TheGroupwilldeterminetheimpairmentofassetsunderoperatingleaseandconductaccountingtreatmentinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.
(2)AccountingTreatmentsofFinancialLeaseFinancialleaseTheGroupshall,whenasthelessor,onthecommencementdateoftheleaseterm,recognizethefinanceleasereceivablesforthefinanceleaseandderecognizetheleasedasset(s)ofthefinancelease.TheGroupshallalsocalculateandconfirmtheinterestincomeatafixedperiodicinterestrateineachperiodintheleaseterm.
43.OtherImportantAccountingPoliciesandAccountingEstimations
1.ConfirmationstandardandaccountinghandlingmethodforoperationterminationComponentswhichmeetoneofthefollowingconditions,havebeendisposedordividedasheldforsalecategoryandcanbedistinguishedseparatelyareconfirmedasoperationtermination.
1)Thecomponentrepresentsoneimportantindependentmainbusinessoronesinglemainoperationarea.
2)Thecomponentisonepartofarelatedplanwhichplanstodisposeoneindependentmainbusinessoronesinglemainoperationarea.
3)Thecomponentisasubsidiarywhichisobtainedforresalespecially.
44.ChangesinMainAccountingPoliciesandEstimates
(1)ChangeofAccountingPolicies
√Applicable□Notapplicable
Contentsofchangesinaccountingpoliciesandreasonsthereof
| Contentsofchangesinaccountingpoliciesandreasonsthereof | Approvalprocedures | Remark |
| Firstexecutioninaccordancewiththestandards | 22ndMeetingofthe9thBoardofDirectors |
(I)ChangeofAccountingPolicies
1.TheCompanyhasadoptedtheprovisionsofAccountingStandardforBusinessEnterprisesNo.21–Lease(CK[2018]No.35)since1January2021.Accordingtocumulativeeffects,theCompanyadjustedretainedearningsatthebeginningoftheyearandotherrelevantitemsinthefinancialstatements,withoutadjustmentofanyinformationofthecomparableperiod.Theimpactofaccountingpolicychangesincludes:
| Contentsofchangesinaccountingpoliciesandreasonsthereof | Itemsandamountsoffinancialstatementsaffected |
| Inaccordancewiththenewleasestandards,onthecommencementdateoftheleaseterm,the"right-of-useassets"and"leaseobligations"shallberecognizedforthelease,unlessitisasimplifiedshort-termleaseorlow-valueassetlease.Ifthepaymentperiodislessthanayear,itislistedin"non-currentliabilitiesduewithinoneyear". | AslistedintheconsolidatedbalancesheetasatJanuary1,2021,theamountof"right-of-useassets"wasRMB39,209,648.76,theamountof"leaseliabilities"wasRMB29,410,564.00andtheamountof"non-currentliabilitiesduewithinoneyear"wasRMB9,799,084.76.On31December2021,theamountof“right-of-useassets”wasRMB71,472,680.73andtheamountof“leaseliabilities”wasRMB83,081,182.89andtheamountof"non-currentliabilitiesduewithinoneyear"wasRMB14,940,651.36.Aslistedintheconsolidatedbalancesheetoftheparentcompany |
asat1January2021,theamountof"non-currentliabilitiesduewithinoneyear"wasRMB248,527.35;theamountof"right-of-useassets"wasRMB1,523,310.37,andtheamountof"leaseliabilities"wasRMB1,274,783.02.On31December2021,theamountof"non-currentliabilitiesduewithinoneyear"wasRMB1,329,083.27;theamountof"right-of-useassets"wasRMB4,075,422.31,andtheamountof"leaseliabilities"wasRMB2,976,367.29.
TheCompanywaslessee:
Thenewleasestandardsrequirelesseestorecognizeright-of-useassetsandleaseliabilitiesforallleases,exceptforshort-termleasesandleasesoflow-valueassetswithsimplifiedtreatment,andtorecognizedepreciationandinterestexpensesrespectively.Accordingtotheprovisionsofthenewleasestandards,foracontractalreadyexistingpriortothedateofinitialadoption,theCompanydecidesnottoreassesswhetheritisaleaseorincludesanylease.TheCompanydecidestoadjustthecumulativeimpactonlyforthoseleasesoutstandingasatJanuary1,2021.Theamountofretainedearningsandotherrelevantitemsinthefinancialstatementsatthebeginningofthefirstyearofadoption(i.e.,January1,2021)isadjustedinaccordancewiththecumulativeimpactofthefirstadoptionofthestandards,andthecomparableperiodinformationisnotadjusted.
①Forfinanceleasespriortothedateofinitialadoption,theCompanymeasurestheright-of-useassetsandleaseliabilitiesattheoriginalcarryingvalueofthefinanceleased-inassetsandfinanceleasepayable,respectively.
②Foroperationalleasingpriortothedateofinitialadoption,theCompanymeasurestheleaseliabilitiesaccordingtothepresentvaluediscountedattheincrementalborrowingrateonthedateofinitialadoptionbasedontheremainingleasepayments,andmakenecessaryadjustmentstotheright-of-useassetsatanamountequaltotheleaseliabilitiesbasedontheprepaidrent.
③TheCompanyperformsimpairmenttestsonright-of-useassetsinaccordancewiththerelevantregulationsonassetimpairmentandconductsaccountingtreatmentaccordingly.Foroperatingleasesinwhichtheassetleasedpriortothedateofinitialadoptionisalow-valueasset,andforoperatingleasetobecompletedwithin12months,theCompanyadoptssimplifiedtreatmentwithoutrecognizingtheright-of-useassetsorleaseobligations.Inaddition,theCompanyadoptsthefollowingsimplifiedtreatmentforoperatingleasespriortothedateofinitialadoption.
①Thesamediscountratecanbeusedforleaseswithsimilarcharacteristicsinmeasurementoftheleaseliability;themeasurementofright-of-useassetsmaynotincludeinitialdirectcosts.
②Ifthereisanoptiontoreneworanoptiontoterminatethelease,theCompanydeterminestheleasetermbasedontheactualexerciseoftheoptionpriortothedateofinitialadoptionandotherlatestcircumstances.
③Asanalternativetoimpairmenttestsforright-of-useassets,theCompanyassesseswhetherthecontractcontainingtheleaseisanonerouscontractpriortothedateofinitialadoptionandadjuststheright-of-useassetbasedontheamountofthelossprovisionrecordedinthebalancesheetpriortothedateofinitialadoption.
④Iftherearechangesinleasespriortothedateofinitialadoption,theCompanyconductsaccountingtreatmentinaccordancewiththefinalarrangementsforleasechanges.Inmeasuringtheleaseliability,theCompanyusestheincrementalborrowingrateasat1January2021todiscounttheleasepayments,withtheincrementalborrowingraterangingfrom4.10%to5.40%.Theprocessofadjustmenttodifferencesfromtheleaseliabilitiesrecordedinthebalancesheetasat1January2021isasfollows:
Outstandingminimumleasepaymentsundersignificantoperatingleasesasdisclosedintheconsolidatedfinancialstatementsasat31December2020
| Outstandingminimumleasepaymentsundersignificantoperatingleasesasdisclosedintheconsolidatedfinancialstatementsasat31December2020 | 44,465,386.36 |
| Less:Simplifiedshort-termleasepayments | 21,600.00 |
| Simplifiedleaseswitharemainingleasetermoflessthan12months | |
| Simplifiedlow-valueassetleases(exceptforshort-termleasepaymentsforlow-valueassets) | |
| Subtotal | 44,443,786.36 |
| PresentvalueofinterestratediscountedattheCompany'sincrementalborrowingrateon1January2021 | 39,209,648.76 |
| Leaseliabilitiesunderthenewleasestandardasat1January2021 | 39,209,648.76 |
TheCompanywaslessor:
Forsubleasesclassifiedasoperatingleasespriortothedateofinitialadoptionandstillinexistenceafterthedateofinitialadoption,theCompanyreassessestheremainingcontractualtermsandconditionsoftheoriginalleaseandsubleaseatthedateofinitialadoptionandclassifiestheminaccordancewiththeprovisionsofthenewleasestandards.Ifthesubleaseisreclassifiedasafinancelease,theCompanyconductsaccountingtreatmentforitasanewfinancelease.Exceptforsubleases,theCompanyisnotrequiredtoadjustleasesforwhichitisthelessorinaccordancewiththenewleasestandards.TheCompanyconductsaccountingtreatmentinaccordancewiththenewleasestandardsfromthedateofinitialadoption.(II)ChangesinAccountingEstimatesNosuchcasesintheReportingPeriod.(III)CorrectionofprioraccountingerrorsNosuchcasesintheReportingPeriod.
(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
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | 0.00 | |
| 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 | 0.00 | |
| Long-termequityinvestments | 45,710,220.79 | 45,710,220.79 |
Investmentsinotherequityinstruments
| 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 | 0.00 | 39,209,648.76 | 39,209,648.76 |
| Intangibleassets | 482,049.51 | 482,049.51 | |
| Developmentcosts | |||
| Goodwill | 0.00 | ||
| 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 | 1,651,527,303.03 | 39,209,648.76 |
| Totalassets | 12,207,356,912.54 | 12,246,566,561.30 | 39,209,648.76 |
| 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 | |||
| Customerdepositsand |
interbankdeposits
| interbankdeposits | |||
| 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 | 46,521,909.64 | 9,799,084.76 |
| Othercurrentliabilities | 43,354,691.51 | 43,354,691.51 | |
| Totalcurrentliabilities | 4,727,259,896.06 | 4,737,058,980.82 | 9,799,084.76 |
| Non-currentliabilities: | |||
| Insurancecontractreserve | |||
| Long-termborrowings | 3,587,800,000.00 | 3,587,800,000.00 | |
| Bondspayable | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | 0.00 | 29,410,564.00 | 29,410,564.00 |
| Long-termpayables | |||
| Long-termemployeebenefitspayable | |||
| Provisions | 2,396,947.00 | 2,396,947.00 | |
| Deferredincome | |||
| Deferredincometaxliabilities | 262.20 | 262.20 |
Othernon-currentliabilities
| Othernon-currentliabilities | 108,778,327.45 | 108,778,327.45 | |
| Totalnon-currentliabilities | 3,698,975,536.65 | 3,728,386,100.65 | 29,410,564.00 |
| Totalliabilities | 8,426,235,432.71 | 8,465,445,081.47 | 39,209,648.76 |
| 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 | 12,246,566,561.30 | 39,209,648.76 |
NotestotheadjustmentsAllaboveadjustmentsarecausedbyimplementingthenewstandardsgoverningleases.
1.InfluenceofimplementingthenewstandardsgoverningleasesontheCompany’sfinancialstatementson1January2021isasfollows:
| Item | Balancesheet | ||
| 31December2020 | Influenced | 1January2021 | |
| Right-of-useassets | 39,209,648.76 | 39,209,648.766 | |
| Leaseliabilities | 29,410,564.00 | 29,410,564.00 | |
| Currentportionofnon-currentliabilities | 36,722,824.88 | 9,799,084.76 | 9,799,084.7646,521,909.64 |
BalancesheetoftheCompanyastheparent
Unit:RMB
Item
| 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 | 0.00 | ||
| 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
| Constructioninprogress | |||
| Productivelivingassets | |||
| Oilandgasassets | |||
| Right-of-useassets | 0.00 | 1,523,310.37 | 1,523,310.37 |
| 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 | 2,879,065,329.83 | 1,523,310.37 |
| Totalassets | 6,896,577,090.10 | 6,898,100,400.47 | 1,523,310.37 |
| Currentliabilities: | |||
| Short-termborrowings | |||
| Held-for-tradingfinancialliabilities | |||
| Derivativefinancialliabilities | |||
| Notespayable | |||
| Accountspayable | 55,887,947.36 | 55,887,947.36 | |
| Advancesfromcustomers | 0.00 | ||
| Contractliabilities | 0.00 | ||
| 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 | 31,821,682.21 | 248,527.35 |
Othercurrentliabilities
| Othercurrentliabilities | 0.00 | ||
| Totalcurrentliabilities | 4,113,896,195.02 | 4,114,144,722.37 | 248,527.35 |
| Non-currentliabilities: | |||
| Long-termborrowings | 588,200,000.00 | 588,200,000.00 | |
| Bondspayable | |||
| Including:Preferredshares | |||
| Perpetualbonds | |||
| Leaseliabilities | 0.00 | 1,274,783.02 | 1,274,783.02 |
| Long-termpayables | |||
| Long-termemployeebenefitspayable | |||
| Provisions | |||
| Deferredincome | |||
| Deferredincometaxliabilities | |||
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 | |
| Totalnon-currentliabilities | 628,200,000.00 | 629,474,783.02 | 1,274,783.02 |
| Totalliabilities | 4,742,096,195.02 | 4,743,619,505.39 | 1,523,310.37 |
| 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 | -2,545,451.19 | -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 | 1,487,964,894.53 | |
| Totalliabilitiesandowners’equity | 6,896,577,090.10 | 6,898,100,400.47 | 1,523,310.37 |
Notestotheadjustments
(4)RetroactiveAdjustmentstoComparativeDataofPriorYearswhenFirstExecutionofanyNewStandardsGoverningLeasessince2021
□Applicable√Notapplicable
45.OtherIntheNoteofthefinancialstatements,thedataoftheperiod-beginningreferstothefinancialstatementdataon1January2021;thedataoftheperiod-endreferstothefinancialstatementdataon31December2021;theReportingPeriodreferstothe2021;thesameperiodoflastyearreferstothe2020.ThesametotheCompanyastheparent.VITaxes
1.MainTaxesandTaxRates
Categoryoftaxes
| 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.
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | 20% |
| ShenzhenJulianHumanResourcesDevelopmentCo.,Ltd. | 20% |
| ShenzhenHuazhengpengPropertyManagementDevelopmentCo.,Ltd. | 20% |
| ShenzhenJinhailianPropertyManagementCo.,Ltd. | 20% |
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | 20% |
| ShenzhenKangpingIndustryCo.,Ltd. | 20% |
| ShenzhenTeacherFamilyTrainingCo.,Ltd. | 20% |
| ShenzhenEducationIndustryCo.,Ltd. | 20% |
| ShenzhenYufaIndustryCo.,Ltd. | 20% |
| ChongqingAoboElevatorCo.,Ltd. | 20% |
| ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd. | 20% |
| ShenzhenSZPRDFuyuantaiDevelopmentCo.,Ltd. | 20% |
| ShenzhenSocialWelfareGeneralCompany | 20% |
| ShenzhenFuyuanminPropertyManagementCo.,Ltd. | 20% |
| ShenzhenMeilongIndustrialDevelopmentCo.,Ltd. | 20% |
| SubsidiariesregisteredinHongKongarea | 16.50% |
| Othertaxpayingbodieswithintheconsolidatedscope | 25% |
2.TaxPreferenceAccordingtotheregulationsofNo.2,PropertyServiceofNo.37,CommercialServiceamongtheencouragingcategoryoftheGuidanceCatalogueofIndustryStructureAdjustment(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
| Salesofhouseproperty | 9% | 5% |
| Rentofrealestate | 9% | 5% |
| Propertyservice | 6% | 3% |
| Cateringservice | 6% | 3% |
| Others | 13% | -- |
VII.NotestoMainItemsofConsolidatedFinancialStatements
1.MonetaryAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Cashonhand | 110,140.62 | 96,389.26 |
| Bankdeposits | 1,802,885,900.92 | 4,193,346,146.43 |
| Othermonetaryassets | 368,830,134.67 | 12,824,093.63 |
| Total | 2,171,826,176.21 | 4,206,266,629.32 |
| Ofwhich:totalamountdepositedoverseas | 53,280,873.00 | 51,323,986.36 |
| Totalamountofrestrictioninusebyguaranteed,pledgedorfrozen | 373,079,206.86 | 38,111,717.09 |
Othernotes:
3.Amongothermonetaryassets,thefundswithlimiteduserightsmainlyincludetheinterestondepositsarisingfromlarge-denominationCDsofRMB43,388.89,andthemarginandinterestofRMB368,524,466.29;thefundswithlimiteduserightsinbankdepositsmainlyincludethebankfrozenfundsandtheinterestontimedepositsofRMB4,335,881.10,plusthebalanceofthebankmarginaccount.Theaboveamountisnotregardedascashandcashequivalentsduetorestrictionsonuse.
2.TradingFinancialAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ofwhich: | ||
| Ofwhich: |
Othernotes:
3.DerivativeFinancialAssets
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
Othernotes:
4.NotesReceivable
(1)NotesReceivableListedbyCategory
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Bankacceptancebill | 200,000.00 | |
| Total | 200,000.00 |
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingbalance | Baddebtprovision | Carryingvalue | Carryingbalance | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Notesreceivableforwhichbaddebtprovisionseparatelyaccrued | 200,000.00 | 100.00% | ||||||||
| Ofwhich: | ||||||||||
| Ofwhich: | ||||||||||
| Total | 200,000.00 | 100.00% | ||||||||
Baddebtprovisionseparatelyaccrued:0.0
Unit:RMB
| Name | Endingbalance | |||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
| Notesreceivablewithinsignificantsingleamountforwhichbaddebtprovisionseparatelyaccrued | 200,000.00 | |||
| Total | 200,000.00 | -- | -- | |
Baddebtprovisionseparatelyaccrued:
Unit:RMB
| Name | Endingbalance | |||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
Withdrawalofbaddebtprovisionbygroup:
Unit:RMB
Name
| Name | Endingbalance | ||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | |
Notestothedeterminationbasisforthegroup:
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofnotesreceivable.
□Applicable√Notapplicable
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheReportingPeriodWithdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
Ofwhichsignificantamountofreversedorrecoveredbaddebtprovision:
□Applicable√Notapplicable
(3)NotesReceivablePledgedbytheCompanyatthePeriod-end
Unit:RMB
| Item | Endingpledgedamount |
(4)NotesReceivablewhichHadEndorsedbytheCompanyorhadDiscountedandhadnotDueontheBalanceSheetDateatthePeriod-end
Unit:RMB
| Item | Amountofrecognitionterminationattheperiod-end | Amountofnotterminatedrecognitionattheperiod-end |
(5)NotesTransferredtoAccountsReceivablebecauseDraweroftheNotesFailedtoExecutetheContractorAgreement
Unit:RMB
| Item | Amountofthenotestransferredtoaccountsreceivableattheperiod-end |
Othernotes:
(6)NotesReceivablewithActualVerificationfortheReportingPeriod
Unit:RMB
Item
| Item | Amountverified |
Ofwhich,verificationofsignificantnotesreceivable:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notesoftheverificationofnotesreceivable
5.AccountsReceivable
(1)ListedbyCategory
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingbalance | Baddebtprovision | Carryingvalue | Carryingbalance | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| AccountsreceivablewithdrawalofBaddebtprovisionseparatelyaccrued | 109,656,349.63 | 27.39% | 108,090,851.66 | 98.57% | 1,565,497.97 | 105,273,564.00 | 34.37% | 105,273,564.00 | 100.00% | 0.00 |
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionofbygroup | 290,641,842.05 | 72.61% | 20,677,811.38 | 7.11% | 269,964,030.67 | 201,040,006.98 | 65.63% | 13,342,375.51 | 6.64% | 187,697,631.47 |
| Ofwhich: | ||||||||||
| Total | 400,298,191.68 | 128,768,663.04 | 271,529,528.64 | 306,313,570.98 | 118,615,939.51 | 187,697,631.47 | ||||
Baddebtprovisionseparatelyaccrued:RMB108,090,851.66
Unit:RMB
| Name | Endingbalance | |||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
| ShenzhenJiyongProperties& | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinlawsuitandunrecoverable |
ResourcesDevelopmentCompany
| ResourcesDevelopmentCompany | ||||
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2,836,561.00 | 100.00% | Uncollectibleforalongperiod |
| LunanIndustryCorporation | 2,818,284.84 | 2,818,284.84 | 100.00% | Uncollectibleforalongperiod |
| ShenzhenHampooScience&TechnologyCo.,Ltd. | 1,436,020.29 | 1,433,070.29 | 99.79% | Expectedtobeunrecoverable |
| Thosewithinsignificantsingleamountforwhichbaddebtprovisionseparatelyaccrued | 8,754,155.45 | 7,191,607.48 | 82.15% | Uncollectibleforalongperiod |
| Total | 109,656,349.63 | 108,090,851.66 | -- | -- |
Baddebtprovisionseparatelyaccrued:
Unit:RMB
| Name | Endingbalance | |||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
Withdrawalofbaddebtprovisionbygroup:
Unit:RMB
| Name | Endingbalance | ||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 168,201,366.61 | 16,970,722.20 | 10.09% |
| Portfoliooftransactionswithotherrelatedparties | 122,440,475.44 | 3,707,089.18 | 3.03% |
| Total | 290,641,842.05 | 20,677,811.38 | -- |
Notestothedeterminationbasisforthegroup:
Withdrawalofbaddebtprovisionbygroup:
Unit:RMB
| Name | Endingbalance | ||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | |
Notestothedeterminationbasisforthegroup:
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable.
□Applicable√Notapplicable
Disclosurebyaging
Unit:RMB
Aging
| Aging | Carryingbalance |
| Within1year(including1year) | 256,710,208.52 |
| 1to2years | 19,025,427.30 |
| 2to3years | 8,644,661.51 |
| Over3years | 115,917,894.35 |
| 3to4years | 4,765,890.79 |
| 4to5years | 2,797,132.28 |
| Over5years | 108,354,871.28 |
| Total | 400,298,191.68 |
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheReportingPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
| Baddebtprovisionwithdrawnseparately | 105,273,564.00 | 2,600,912.66 | 216,375.00 | 108,090,851.66 | ||
| Baddebtprovisionwithdrawnbyportfolio | 13,342,375.51 | 7,347,996.55 | 12,560.68 | 20,677,811.38 | ||
| Total | 118,615,939.51 | 9,948,909.21 | 12,560.68 | 216,375.00 | 128,768,663.04 | |
Ofwhichsignificantamountofreversedorrecoveredbaddebtprovision:
Unit:RMB
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
(3)AccountsReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Amountverified |
Ofwhichtheverificationofsignificantaccountsreceivable:
Unit:RMB
Nameofentity
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverificationofaccountsreceivable:
(4)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtoArrearsParty
Unit:RMB
| Nameofentity | Endingbalance | Proportiontototalendingbalanceofaccountsreceivable | Endingbalanceofbaddebtprovision |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 107,564,389.39 | 26.87% | 3,226,931.68 |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 23.44% | 93,811,328.05 |
| ShenzhenToutiaoTechnologyCo.,Ltd. | 13,990,629.35 | 3.50% | 419,718.88 |
| JinanXiantouIndustrialDevelopmentCo.,Ltd. | 5,926,772.12 | 1.48% | 177,803.16 |
| AlibabaCloudComputingCo.,Ltd. | 4,948,006.61 | 1.24% | 148,440.20 |
| Total | 226,241,125.52 | 56.53% |
(5)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivableOthernotes:
(6)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
6.AccountsReceivableFinancing
Unit:RMB
| Item | Endingbalance | Beginningbalance |
ThechangesofaccountsreceivablefinancingintheReportingPeriodandthechangesinfairvalue
□Applicable√NotapplicablePleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivablefinancing.
□Applicable√NotapplicableOthernotes:
7.Prepayment
(1)PrepaymentListedbyAgingAnalysis
Unit:RMB
Aging
| Aging | Endingbalance | Beginningbalance | ||
| Amount | Proportion | Amount | Proportion | |
| Within1year | 24,536,766.11 | 34.32 | 28,553,066.87 | 55.83% |
| 1to2years | 25,907,661.19 | 36.24 | 1,208,311.68 | 2.36% |
| 2to3years | 499,638.55 | 0.70 | 769,153.00 | 1.50% |
| Over3years | 19,953,402.48 | 28.74 | 20,012,891.30 | 40.31% |
| Total | 70,897,468.33 | -- | 50,543,422.85 | -- |
Notesofthereasonsoftheprepaymentagingover1yearwithsignificantamountbutfailedsettledintime:
(2)Top5PrepaymentinEndingBalanceCollectedaccordingtothePrepaymentTarget
| Nameofentity | Carryingbalance | As%ofthetotalendingbalanceoftheprepayments(%) |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | 40,050,000.00 | 56.02 |
| FinancialCommitteeofShenzhen | 19,509,471.00 | 27.29 |
| GuangzhouOTISElevatorCompanyLtd. | 2,814,920.35 | 3.94 |
| ChongqingYudiAssetsManagementCo.,Ltd. | 1,842,000.00 | 2.58 |
| BeijingJingdongCenturyInformationTechnologyCo.,Ltd. | 1,568,091.11 | 2.19 |
| Total | 65,784,482.46 | 92.02 |
Othernotes:
8.OtherReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| OtherReceivables | 826,857,046.54 | 789,050,350.51 |
| Total | 826,857,046.54 | 789,050,350.51 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
2)SignificantOverdueInterest
Unit:RMB
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)InformationofWithdrawalofBadDebtProvision
□Applicable√Notapplicable
(2)DividendReceivable
1)Dividendreceivableclassification
Unit:RMB
| Project(orinvestee) | Endingbalance | Beginningbalance |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Project(orinvestee) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentanditsjudgmentbasis |
3)InformationofWithdrawalofBadDebtProvision
□Applicable√NotapplicableOthernotes:
(3)OtherReceivables
1)OtherReceivablesClassifiedbyAccountNature
Unit:RMB
| Nature | Closingbookbalance | Beginningcarryingamount |
| SecurityDeposit | 14,994,149.35 | 10,259,805.89 |
| Margin | 43,346,482.90 | 45,948,194.30 |
| Reservefund | 205,540.61 | 595,148.50 |
Paymentonbehalf
| Paymentonbehalf | 8,661,906.02 | 8,381,989.28 |
| Intercoursefunds | 818,090,743.65 | 763,481,109.87 |
| Others | 13,851,782.74 | 13,537,736.74 |
| Total | 899,150,605.27 | 842,203,984.58 |
2)WithdrawalofBadDebtProvision
Unit:RMB
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceasat1January2021 | 25,178,102.14 | 27,975,531.93 | 53,153,634.07 | |
| Balanceof1January2021intheCurrentPeriod | —— | —— | —— | —— |
| WithdrawaloftheCurrentPeriod | 17,634,708.62 | 1,505,275.37 | 19,139,983.99 | |
| ReversaloftheReportingPeriod | 59.33 | 59.33 | ||
| Balanceasat31December2021 | 42,812,751.43 | 29,480,807.30 | 72,293,558.73 |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable√NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingbalance |
| Within1year(including1year) | 476,809,999.59 |
| 1to2years | 348,914,837.82 |
| 2to3years | 14,696,645.67 |
| Over3years | 58,729,122.19 |
| 3to4years | 3,104,460.54 |
| 4to5years | 2,120,642.08 |
| Over5years | 53,504,019.57 |
| Total | 899,150,605.27 |
3)BadDebtProvisionWithdrawn,ReversedorRecoveredintheReportingPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
Category
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
| Baddebtprovisionwithdrawnseparately | 27,975,531.93 | 1,505,275.37 | 29,480,807.30 | |||
| Baddebtprovisionwithdrawnbyportfolio | 25,178,102.14 | 17,634,708.62 | 59.33 | 42,812,751.43 | ||
| Total | 53,153,634.07 | 19,139,983.99 | 59.33 | 72,293,558.73 | ||
Otherreceivableswithdrawalofbaddebtprovisionbygroup
| Portfolioname | Endingbalance | ||
| Carryingbalance | Baddebtprovision | Withdrawalproportion(%) | |
| Portfolioofcreditriskfeatures | 83,820,294.49 | 26,116,966.71 | 31.16 |
Total
| Total | 83,820,294.49 | 26,116,966.71 | 31.16 |
Note:TheCompany'ssubsidiaryShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.hasreceivableamountsofRMB401,500,000andRMB355,026,200fromrelatedpartiesShenzhenXinhaiHoldingCo.,Ltd.andShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.respectively.Consideringtherecoverabilityinaprudentmanner,thecurrentmanagementaccruedthebaddebtprovisionaccountingfor3%oftherelevantdebtsafterdeductingthefuturerepayment,whichwasreviewedandapprovedbythe8thmeetingofthe10thBoardofDirectorsoftheCompanyonMarch29,2022.OfwhichthebaddebtprovisionreversedorrecoveredwithsignificantamountduringtheReportingPeriod:
Unit:RMB
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
4)ParticularsoftheActualVerificationofOtherReceivablesduringtheReportingPeriod
Unit:RMB
| Item | Amountverified |
Ofwhichtheverificationofsignificantotherreceivables:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationofotherreceivables:
5)Top5oftheEndingBalanceofOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
Nameofentity
| Nameofentity | Nature | Endingbalance | Aging | Proportiontoendingbalanceoftotalotherreceivables% | Endingbalanceofbaddebtprovision |
| ShenzhenXinhaiHoldingCo.,Ltd.andtherelatedpartyShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | Intercoursefunds | 756,526,157.01 | 1to2years | 84.14% | 16,695,784.72 |
| ShenzhenBanglingStockCooperativeCompany | Intercoursefunds | 30,000,000.00 | 1to2years | 3.34% | 3,000,000.00 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Intercoursefunds | 11,809,060.35 | Within1year1to2years | 1.31% | 419,496.75 |
| AffordableHousingDevelopmentCenterofTongshanDistrictinXuZhou | Intercoursefunds | 11,145,688.46 | Within1year | 1.24% | |
| Total | -- | 809,480,905.82 | -- | 90.02% | 20,115,281.47 |
6)AccountsReceivableInvolvingGovernmentSubsidies
Unit:RMB
| Nameofentity | Projectofgovernmentsubsidies | Endingbalance | Endingaging | Estimatedrecoveringtime,amountandbasis |
7)DerecognitionofOtherReceivablesduetotheTransferofFinancialAssets
8)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivablesOthernotes:
9.InventoriesWhethertheCompanyneedstocomplywiththedisclosurerequirementsfortherealestateindustryYes
(1)CategoryofInventory
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.
Classificationbynature:
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Depreciationreservesofinventoriesorimpairmentprovisionforcontractperformancecosts | Carryingvalue | Carryingbalance | Depreciationreservesofinventoriesorimpairmentprovisionforcontractperformancecosts | Carryingvalue | |
| R&Dexpenses | 8,720,133,125.46 | 6,648,404.13 | 8,713,484,721.33 | 4,867,562,388.16 | 6,648,404.13 | 4,860,913,984.03 |
| Developingproperties | 409,687,436.41 | 409,687,436.41 | 450,832,522.28 | 450,832,522.28 | ||
| Rawmaterials | 1,147,911.90 | 512,182.07 | 635,729.83 | 1,169,494.26 | 535,302.89 | 634,191.37 |
| Low-valueconsumables | 50,088.44 | 50,088.44 | 61,146.54 | 61,146.54 | ||
| Productsonhand | 2,162,340.53 | 2,094,300.39 | 68,040.14 | 2,141,714.37 | 2,094,300.39 | 47,413.98 |
| Total | 9,133,180,902.74 | 9,254,886.59 | 9,123,926,016.15 | 5,321,767,265.61 | 9,278,007.41 | 5,312,489,258.20 |
Disclosemainitemsof"R&Dexpenses"andinterestcapitalizationinthefollowingformat:
Unit:RMB
| Project | Timeforcommencement | Estimateddateofcompletion | Estimatedtotalinvestment | Beginningbalance | Transferredtodevelopingpropertiesforthisperiod | Otherdecreasedamount | Increase(R&Dexpenses)forthisperiod | Endingbalance | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsfortheReportingPeriod | Sourceoffund |
| GuanlanBanglingproject | 7January2021 | 31December2025 | 6,941,500,000.00 | 3,570,499,129.09 | 234,813,073.26 | 3,805,312,202.35 | 114,870,683.43 | 114,870,683.43 | Bankloans |
SZPRD-BanshanYujingPhaseII
| SZPRD-BanshanYujingPhaseII | 15March2019 | 31January2022 | 235,810,000.00 | 168,815,335.19 | 27,382,190.74 | 196,197,525.93 | Others | |||
| SZPRD-GoldenCollar’sResort-BuildingA | 1March2014 | 31December2021 | 1,400,270,000.00 | 245,596,393.07 | 378,763,568.48 | 133,167,175.41 | Others | |||
| SZPRD-FuchangGardenPhaseII | 30June2018 | 30June2023 | 911,330,000.00 | 608,580,860.21 | 68,787,211.89 | 677,368,072.10 | Others | |||
| YupinluanshanGarden | 226,613,926.24 | 5,416,820.38 | 232,030,746.62 | Others | ||||||
| HainanQiongshanLand | 6,648,404.13 | 6,648,404.13 | Others | |||||||
| ShenhuiGarden | 37,002,030.89 | 37,002,030.89 | Others | |||||||
| FuyuantaiProject | 1,143,184.20 | 7,983,904.91 | 9,127,089.11 | Others | ||||||
| GuangmingyutangProject | 1,621,000,000.00 | 1,621,000,000.00 | Others | |||||||
| Land2021WR023,HumenTown | 2,133,826,142.11 | 2,133,826,142.11 | Others |
Others
| Others | 2,663,125.14 | 1,042,212.92 | 1,620,912.22 | Others | |||||||
| Total | -- | -- | 9,488,910,000.00 | 4,867,562,388.16 | 378,763,568.48 | 1,042,212.92 | 4,232,376,518.70 | 8,720,133,125.46 | 114,870,683.43 | 114,870,683.43 | -- |
Disclosemainitemsof“Developingproperties”inthefollowingformat:
Unit:RMB
| Project | Timeofcompletion | Beginningbalance | Increase | Decrease | Endingbalance | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsfortheReportingPeriod |
| SZPRD-LangqiaoInternational | 1December2012 | 3,384,362.24 | 62,954.51 | 3,447,316.75 | 83,077,702.96 | ||
| SZPRD-HupanYujingPhaseI | 1June2015 | 58,947,050.77 | 45,548.29 | 1,635,961.40 | 57,356,637.66 | ||
| SZPRD-BanshanYujingPhaseI | 18,784,966.55 | 18,784,966.55 | 10,446,911.43 | ||||
| SZPRD-SonghuLangyuan | 25,150,175.95 | 644,540.04 | 24,505,635.91 | 27,205,315.95 | |||
| SZPRD-HupanYujingPhaseII | 80,210,044.87 | 124,997.90 | 35,028,840.17 | 45,306,202.60 | 30,539,392.65 | ||
| SZPRD-GoldenCollar’sResort | 254,824,025.85 | 392,622,578.69 | 377,201,145.41 | 270,245,459.13 | |||
| InternationalTradeCenterPlaza | 4,839,083.10 | 4,839,083.10 | 26,385,636.29 | ||||
| Huangyu | 790,140.58 | 790,140.58 |
yuanAArea
| yuanAArea | ||||||
| PodiumBuildingofFuchangBuilding | 645,532.65 | 645,532.65 | ||||
| Otheritems | 3,257,139.72 | 310,557.21 | 1,016,268.90 | 2,551,428.03 | ||
| Total | -- | 450,832,522.28 | 393,166,636.60 | 434,311,722.47 | 409,687,436.41 | 177,654,959.28 |
Classificationof“Developingpropertieswiththecollectionofpaymentsininstallments”,“Rentingdevelopingproperties”and“TemporaryHousing”:
Unit:RMB
| Project | Beginningbalance | Increase | Decrease | Endingbalance |
(2)FallingPriceReservesofInventoryandImpairmentProvisionforContractPerformanceCosts
Disclosureoffallingprovisionwithdrawalofinventoryinthefollowingformat:
Classificationbynature:
Unit:RMB
| Item | Beginningbalance | Increasedamount | Decrease | Endingbalance | Remarks | ||
| Withdrawal | Others | Reversalorwrite-off | Others | ||||
| R&Dexpenses | 6,648,404.13 | 6,648,404.13 | |||||
| Rawmaterials | 535,302.89 | -23,120.82 | 512,182.07 | ||||
| Productsonhand | 2,094,300.39 | 2,094,300.39 | |||||
| Total | 9,278,007.41 | -23,120.82 | 9,254,886.59 | -- | |||
Classifiedbymainitems:
Unit:RMB
| Project | Beginningbalance | Increasedamount | Decrease | Endingbalance | Remarks | ||
| Withdrawal | Others | Reversalorwrite-off | Others | ||||
| HainanQiongshan | 6,648,404.13 | 6,648,404.13 | |||||
Land
| Land | ||||
| Total | 6,648,404.13 | 6,648,404.13 | -- |
(3)NotestotheEndingBalanceofInventoriesIncludingCapitalizedBorrowingExpense
Theendingbalanceofinventoriesincludingcapitalizedborrowingexpenseisdetailedasfollows:
| Project | Period-begin | ReportingPeriod | Carry-overinReportingPeriod | Period-end |
| SZPRD-GuanlanBangling | 114,870,683.43 | 114,870,683.43 | ||
| SZPRD-LangqiaoInternational | 2,971,986.54 | 2,971,986.54 | ||
| SZPRD-HupanYujingPhaseI | 1,422,628.90 | 130,159.50 | 1,292,469.40 | |
| SZPRD-GoldenCollar’sResort | 12,740,265.51 | 11,624,409.11 | 1,115,856.40 | |
| Total | 17,134,880.95 | 114,870,683.43 | 11,754,568.61 | 120,250,995.77 |
(4)InventoryRestrictions
Disclosingrestrictedinventorybyproject:
Unit:RMB
| Project | Beginningbalance | Endingbalance | Reasonforrestriction |
10.ContractAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
AmountofsignificantchangesincarryingvalueofcontractassetsintheReportingPeriodandreasonsthereof:
Unit:RMB
| Item | Changeinamount | Reason |
Ifthebaddebtprovisionforcontractassetsinaccordancewiththegeneralmodelofexpectedcreditlosses,theinformationrelatedtothebaddebtprovisionshallbedisclosedbyreferencetothedisclosuremethodofotherreceivables:
□Applicable√NotapplicableWithdrawalofimpairmentprovisionforcontractassetsintheReportingPeriod
Unit:RMB
| Item | WithdrawaloftheCurrentPeriod | ReversaloftheReportingPeriod | Write-off/verified | Reason |
Othernotes:
11.Held-for-saleAssets
Unit:RMB
Item
| Item | Closingbookbalance | Impairmentprovision | 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 | 13,429,805.73 | 7,467,152.90 |
| Deductedinputtax | 7,108,708.02 | 11,705,028.57 |
| Prepaidincometax | 84,364.36 | |
| PrepaidlandVAT | 30,741,415.30 | 28,960,506.43 |
| Prepaidurbanconstructiontax | 1,423,246.18 | 501,245.53 |
| Prepaideducationsurcharge | 1,016,604.40 | 358,032.49 |
| ImmediaterebateofreceivablesoftwaresalesVAT | 358,306.69 | |
| Total | 54,162,450.68 | 48,991,965.92 |
Othernotes:
14.InvestmentsinDebtObligations
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Carryingbalance
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue |
Significantinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Withdrawalofimpairmentprovision
Unit:RMB
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceof1January2021intheCurrentPeriod | -- | -- | -- | -- |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable√NotapplicableOthernotes:
15.OtherInvestmentsinDebtObligations
Unit:RMB
| Item | Beginningbalance | Accruedinterest | ChangeinfairvalueintheReportingPeriod | Endingbalance | Cost | Accumulatedchangesinfairvalue | Accumulatedprovisionforlossesrecognizedinothercomprehensiveincome | Remarks |
Significantotherinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Withdrawalofimpairmentprovision
Unit:RMB
Baddebtprovision
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceof1January2021intheCurrentPeriod | —— | —— | —— | —— |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable√NotapplicableOthernotes:
16.Long-termReceivables
(1)ListofLong-termReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance | Intervalofdiscountrate | ||||
| Carryingbalance | Baddebtprovision | Carryingvalue | Carryingbalance | Baddebtprovision | Carryingvalue | ||
| Financingleaseaccounts | 23,831,889.11 | 23,831,889.11 | |||||
| Ofwhich:unrealizedfinancingincome | 16,430,753.09 | 16,430,753.09 | |||||
| Total | 23,831,889.11 | 23,831,889.11 | -- | ||||
Impairmentofbaddebtprovision
Unit:RMB
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceof1January2021intheCurrentPeriod | —— | —— | —— | —— |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable√Notapplicable
(2)DerecognitionofLong-termReceivablesduetotheTransferofFinancialAssets
(3)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofLong-termReceivablesOthernotes:
17.Long-termEquityInvestment
Unit:RMB
Investee
| Investee | Beginningbalance(carryingvalue) | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||||||
| Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | ||||
| I.Jointventures | |||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 39,053,923.92 | 4,462,741.20 | 43,516,665.12 | ||||||||
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’a | 6,656,296.87 | 187,719.38 | 6,844,016.25 | ||||||||
nCompany)
| nCompany) | ||||||
| Subtotal | 45,710,220.79 | 4,650,460.58 | 50,360,681.37 | |||
| II.Associatedenterprises | ||||||
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 18,983,614.14 | 18,983,614.14 | 18,983,614.14 | |||
| ShenzhenKangfuHealthProductsCo.,Ltd. | 165,000.00 | 165,000.00 | 165,000.00 | |||
| ShenzhenXinghaoImitationPorcelainCo.,Ltd. | 756,670.68 | 756,670.68 | 756,670.68 | |||
| ShenzhenSocialWelfareCompanyFudaElectronicsFactory | 326,693.24 | 326,693.24 | 326,693.24 | |||
| Shenzhen | 1,684,350.00 | 1,684,350.00 | 1,684,350.00 | |||
FulongIndustryDevelopmentCo.,Ltd.
| FulongIndustryDevelopmentCo.,Ltd. | ||||
| HaonianhuaHotel | 2,733,570.05 | 2,733,570.05 | 2,733,570.05 | |
| ShenzhenEducationFundLonghuaInvestment | 500,000.00 | 500,000.00 | 500,000.00 | |
| ShenzhenKangleSportsClubHuangfaBranch | 540,060.00 | 540,060.00 | 540,060.00 | |
| DankengVillagePlantsofFumininGuanlanTown,ShenzhenCity | 1,168,973.20 | 1,168,973.20 | 1,168,973.20 | |
| ShenzhenBullEntertainment | 500,000.00 | 500,000.00 | 500,000.00 |
Co.,Ltd.
| Co.,Ltd. | ||||
| 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 | |
| ShenzhenYuanpingPlasticSteel | 240,000.00 | 240,000.00 | 240,000.00 |
DoorsCo.,Ltd.
| DoorsCo.,Ltd. | ||||||
| ShenzhenYoufangPrintingCo.,Ltd. | 100,000.00 | 100,000.00 | 100,000.00 | |||
| ShenzhenLushengIndustrialDevelopmentCo.,Ltd. | 100,000.00 | 100,000.00 | 100,000.00 | |||
| Subtotal | 31,754,397.22 | 31,754,397.22 | 31,754,397.22 | |||
| Total | 77,464,618.01 | 4,650,460.58 | 82,115,078.59 | 31,754,397.22 |
Othernotes:
18.OtherEquityInstrumentInvestment
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| GintianIndustry(Group)Co.,Ltd. | 1,002,551.95 | 1,044,905.12 |
| Total | 1,002,551.95 | 1,044,905.12 |
Non-tradingequityinstrumentinvestmentintheReportingPerioddisclosedbyitems
Unit:RMB
| Project | Dividendincomerecognized | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensive | Reasonforothercomprehensiveincometransferredtoretainedearnings |
income
| income | ||||
| GintianIndustry(Group)Co.,Ltd. | 2,587,804.36 | Notaimingatgainingearningsbysellingequityinthenearterm |
Othernotes:
19.OtherNon-currentFinancialAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
20.InvestmentProperty
(1)InvestmentPropertyAdoptedtheCostMeasurementMode
√Applicable□Notapplicable
Unit:RMB
| Item | Housesandbuildings | Landuseright | Constructioninprogress | Total |
| I.Originalcarryingvalue | ||||
| 1.Beginningbalance | 806,486,705.38 | 30,262,437.05 | 33,319,759.75 | 870,068,902.18 |
| 2.Increasedamountoftheperiod | -1,208,306.16 | 4,493,892.16 | 3,285,586.00 | |
| (1)Outsourcing | 4,493,892.16 | 4,493,892.16 | ||
| (2)Transferfrominventory/fixedassets/constructioninprogress | 1,585,405.18 | 1,585,405.18 | ||
| (3)Businesscombinationincrease | ||||
| (4)Others | -2,793,711.34 | -2,793,711.34 | ||
| 3.Decreasedamountoftheperiod | 8,993,359.35 | 8,993,359.35 | ||
| (1)Disposal | 1,525,917.94 | 1,525,917.94 | ||
| (2)Othertransfer |
(3)Exchangeadjustment
| (3)Exchangeadjustment | -331,334.04 | -331,334.04 | ||
| (4)Others | 7,136,107.37 | 7,136,107.37 | ||
| 4.Endingbalance | 796,285,039.87 | 30,262,437.05 | 37,813,651.91 | 864,361,128.83 |
| II.Accumulativedepreciationandaccumulativeamortization | ||||
| 1.Beginningbalance | 362,944,868.15 | 15,342,910.07 | 7,042,617.13 | 385,330,395.35 |
| 2.Increasedamountoftheperiod | 26,627,612.91 | 527,539.36 | 7,784,673.37 | 34,939,825.64 |
| (1)Withdrawaloramortization | 26,214,906.23 | 527,539.36 | 7,784,673.37 | 34,527,118.96 |
| (2)Transferredfromself-usedassets | 412,706.68 | 412,706.68 | ||
| 3.Decreasedamountoftheperiod | 5,562,941.64 | 5,562,941.64 | ||
| (1)Disposal | 50,705.46 | 50,705.46 | ||
| (2)Othertransfer | 5,197,468.84 | 5,197,468.84 | ||
| (3)Exchangeadjustment | -314,767.34 | -314,767.34 | ||
| 4.Endingbalance | 384,009,539.42 | 15,870,449.43 | 14,827,290.50 | 414,707,279.35 |
| III.Impairmentprovision | ||||
| 1.Beginningbalance | ||||
| 2.Increasedamountoftheperiod | ||||
| (1)Withdrawal |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
| (2)Othertransfer |
4.Endingbalance
IV.Carryingvalue
| IV.Carryingvalue | ||||
| 1.Endingcarryingvalue | 412,275,500.45 | 14,391,987.62 | 22,986,361.41 | 449,653,849.48 |
| 2.Beginningcarryingvalue | 443,541,837.23 | 14,919,526.98 | 26,277,142.62 | 484,738,506.83 |
(2)InvestmentPropertyAdoptedtheFairValueMeasurementMode
□Applicable√NotapplicableTheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Investmentpropertiesmeasuredinfairvaluebyprojectdisclosure:
Unit:RMB
| Project | Location | Timeofcompletion | Floorarea | LeaseincomeduringthisReportingPeriod | Beginningfairvalue | Endingfairvalue | Rangeoffairvaluechanges | Reasonforfairvaluechangesandreportindex |
WhethertheCompanyhasnewinvestmentpropertiesinconstructionperiodmeasuredinfairvalue
□Y√NWhethertheCompanyhasnewinvestmentpropertiesmeasuredinfairvalue
□Y√N
(3)InvestmentPropertyFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| 02-01plotofStatutoryplaninBaolongEastArea | 8,724,149.28 | ReplacedfromtheconstructionofXiamen-ShenzhenRailway,andhasn’texchangedforthenewcertification |
| Meilinland[Note1] | Obtainedafterthesuccessinthelastinstancein2017,relevantcertificationsofpropertyareintheprocedure | |
| 507Unit,BlockNo.6,Maguling | 25,298.81 | Thehouseisusedforpropertymanagement,onceoccupiedbythethirdparty,apropertymanagementcompany,nowhasbeenrecovered,buthasn’thandledthewarrantyet. |
| Total | 8,749,448.09 |
Othernotes:
[Note1]Asat31December2021,theoriginalcarryingvalueofMeilinlandwasRMB3,885,469.40,theaccumulatedaccrueddepreciationwasRMB3,885,469.40,andthecarryingvaluewasRMB0.
21.FixedAssets
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
| Fixedassets | 108,161,443.02 | 116,233,936.04 |
| Total | 108,161,443.02 | 116,233,936.04 |
(1)ListofFixedAssets
Unit:RMB
| Item | Housesandbuildings | Machineryequipment | Transportationvehicle | Decorationofthefixedassets | Othermachinery | Total |
| I.Originalcarryingvalue | ||||||
| 1.Beginningbalance | 160,927,555.25 | 4,933,197.00 | 14,976,483.00 | 34,061,422.86 | 42,530,271.18 | 257,428,929.29 |
| 2.Increasedamountoftheperiod | 2,894,630.27 | 6,214,951.43 | 4,646,481.33 | 14,079,567.03 | ||
| (1)Purchase | 2,894,630.27 | 4,279,817.30 | 7,497,951.57 | |||
| (2)Transferfromconstructioninprogress | 6,204,271.43 | 6,204,271.43 | ||||
| (3)Businesscombinationincrease | 366,664.03 | 366,664.03 | ||||
| (4)Others | 10,680.00 | 10,680.00 | ||||
| 3.Decreasedamountoftheperiod | 1,738,741.05 | 1,179,844.00 | 2,717,639.75 | 1,168,691.21 | 6,804,916.01 | |
| (1)Disposalorscrap | 1,179,844.00 | 1,168,691.21 | 2,348,535.21 | |||
| (2)Exchangeadjustment | 153,335.87 | 153,335.87 | ||||
| (3)Others | 1,585,405.18 | 323,504.00 | 2,717,639.75 | 4,626,548.93 |
4.Endingbalance
| 4.Endingbalance | 159,188,814.20 | 4,933,197.00 | 16,691,269.27 | 37,558,734.54 | 46,008,061.30 | 264,380,076.31 |
| 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 | 3,671,587.68 | 470,314.32 | 1,518,188.56 | 6,226,756.99 | 5,942,907.55 | 17,829,755.10 |
| (1)Withdrawal | 3,671,587.68 | 470,314.32 | 1,518,188.56 | 6,226,756.99 | 5,942,907.55 | 17,829,755.10 |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod | 552,630.16 | 1,143,119.00 | 1,110,365.90 | 2,806,115.06 | ||
| (1)Disposalorscrap | 1,143,119.00 | 1,110,365.90 | 2,253,484.90 | |||
| (2)Exchangeadjustment | 139,923.48 | 139,923.48 | ||||
| (3)Others | 412,706.68 | 412,706.68 | ||||
| 4.Endingbalance | 108,180,030.25 | 689,999.50 | 10,415,232.76 | 11,190,690.65 | 25,666,962.97 | 156,142,916.13 |
| III.Impairmentprovision | ||||||
| 1.Beginningbalance | 75,717.16 | 75,717.16 | ||||
| 2.Increasedamountoftheperiod | ||||||
| (1)Withdrawal |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposalor |
scrap
scrap
4.Endingbalance
| 4.Endingbalance | 75,717.16 | 75,717.16 | ||||
| IV.Carryingvalue | ||||||
| 1.Endingcarryingvalue | 51,008,783.95 | 4,243,197.50 | 6,276,036.51 | 26,368,043.89 | 20,265,381.17 | 108,161,443.02 |
| 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 | Accumulateddepreciation | Impairmentprovision | Carryingvalue | Remarks |
(3)FixedAssetsLeasedoutbyOperationLease
Unit:RMB
| Item | Endingcarryingvalue |
(4)FixedAssetsFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| Room406,2Unit,HulunbuirGuangxiaDigitalBuilding | 2,560,612.06 | Propertyrightsdisputesbefore,nowhavewonalawsuitwithunaccomplishedcertificationofproperty. |
| Room401,402,SanxiangBusinessBuildingOfficeBuilding | 729,790.58 | Theofficebuildingwillberemovedduetotheprojectadjustmentandahigh-riseofficebuildingwillbeestablishednearbythepresentaddress.Theexistingpropertyshallbereplacedafterthecompletionofthenewofficebuilding.Thus,thecertificationofthepropertyisfailedtotransact. |
Othernotes:
(5)ProceedsfromDisposalofFixedAssets
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
Othernotes:
22.ConstructioninProgress
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(1)ConstructioninProgress
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
(2)ChangesinSignificantConstructioninProgressduringtheReportingPeriod
Unit:RMB
| Project | Budget | Beginningbalance | Increasedamount | Transferredinfixedassets | Otherdecreasedamount | Endingbalance | Proportionofaccumulatedinvestmentinconstructionstobudget | Jobschedule | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsfortheReportingPeriod | CapitalizationrateofinterestsfortheReportingPeriod | Sourceoffund |
(3)ListoftheWithdrawaloftheDepreciationReservesforConstructioninProgress
Unit:RMB
| Item | Amountwithdrawn | Reasonforwithdrawal |
Othernotes:
(4)EngineeringMaterials
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
Othernotes:
23.ProductiveLivingAssets
(1)ProductiveLivingAssetsAdoptingCostMeasurementMode
□Applicable√Notapplicable
(2)ProductiveLivingAssetsAdoptingFairValueMeasurementMode
□Applicable√Notapplicable
24.OilandGasAssets
□Applicable√Notapplicable
25.Right-of-useAssets
Unit:RMB
| Item | Housesandbuildings | Total |
| 1.Beginningbalance | 39,209,648.76 | 39,209,648.76 |
| 2.Increasedamountoftheperiod | 46,689,608.09 | 46,689,608.09 |
| (1)NewLeases | 46,689,608.09 | 46,689,608.09 |
| 4.Endingbalance | 85,899,256.85 | 85,899,256.85 |
| 2.Increasedamountoftheperiod | 14,426,576.12 | 14,426,576.12 |
| (1)Withdrawal | 13,946,768.72 | 13,946,768.72 |
| (2)BusinessCombinationIncrease | 479,807.40 | 479,807.40 |
| 4.Endingbalance | 14,426,576.12 | 14,426,576.12 |
| 1.Endingcarryingvalue | 71,472,680.73 | 71,472,680.73 |
| 2.Beginningcarryingvalue | 39,209,648.76 | 39,209,648.76 |
Othernotes:
26.IntangibleAssets
(1)ListofIntangibleAssets
Unit:RMB
Item
| Item | Landuseright | Patentright | Non-patenttechnologies | Softwareuserights | Total |
| I.Originalcarryingvalue | |||||
| 1.Beginningbalance | 1,234,387.66 | 1,234,387.66 | |||
| 2.Increasedamountoftheperiod | 1,465,493.39 | 1,465,493.39 | |||
| (1)Purchase | |||||
| (2)InternalR&D | |||||
| (3)Businesscombinationincrease | 1,465,493.39 | 1,465,493.39 |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 2,699,881.05 | 2,699,881.05 | |
| II.Accumulatedamortization | |||
| 1.Beginningbalance | 752,338.15 | 752,338.15 | |
| 2.Increasedamountoftheperiod | 465,052.92 | 465,052.92 | |
| (1)Withdrawal | 378,099.59 | 378,099.59 |
(2)BusinessCombinationIncrease
| (2)BusinessCombinationIncrease | 86,953.33 | 86,953.33 | |
| 3.Decreasedamountoftheperiod | |||
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 1,217,391.07 | 1,217,391.07 | |
| III.Impairmentprovision | |||
| 1.Beginningbalance | |||
| 2.Increasedamountoftheperiod | |||
| (1)Withdrawal |
3.Decreasedamountoftheperiod
| 3.Decreasedamountoftheperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | |||
| IV.Carryingvalue | |||
| 1.Endingcarryingvalue | 1,482,489.98 | 1,482,489.98 | |
| 2.Beginningcarryingvalue | 482,049.51 | 482,049.51 |
TheproportionofintangibleassetsformedfromtheinternalR&DoftheCompanyatthePeriod-endtotheendingbalanceofintangibleassets
(2)LandUseRightFailedtoAccomplishCertificationofProperty
Unit:RMB
Item
| Item | Carryingvalue | Reason |
Othernotes:
27.DevelopmentCosts
Unit:RMB
| Item | Beginningbalance | Increasedamount | Decrease | Endingbalance | ||||
| Internaldevelopmentcosts | Others | Recognizedasintangibleassets | Transferredintothecurrentprofitorloss | |||||
Total
Othernotes:
28.Goodwill
(1)OriginalCarryingValueofGoodwill
Unit:RMB
TotalNameoftheinvestedunitsoreventsgeneratinggoodwill
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increase | Decrease | Endingbalance | ||
| Formedbybusinesscombination | Disposal | |||||
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 9,446,847.38 | 9,446,847.38 | ||||
| Total | 9,446,847.38 | 9,446,847.38 | ||||
(2)DepreciationReservesofGoodwill
Unit:RMB
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increase | Decrease | Endingbalance | ||
| Withdrawal | Disposal | |||||
Total
InformationontheAssetsGroupsorCombinationofAssetsGroupswhichGoodwillBelongsto
TotalCarryingvalueofgoodwill
| Carryingvalueofgoodwill | Assetsgrouporcombinationofassetsgroups | |||
| Maincomposition | Carryingvalue | Recognitionmethod | Changesincurrentperiod | |
| 9,446,847.38 | ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 16,308,382.57 | Assetsgrouporcombinationofassetsgroupscapableofgeneratingcashflowsindependentlyinconsiderationofbenefitsfromsynergiesofbusinesscombinationandthemanagement'sadministrationandmonitoringofproductionandoperatingactivities. | Goodwillarisingfrombusinesscombinationnotunderthesamecontrol |
Notesofthetestingprocessofgoodwillimpairment,parameters(suchasgrowthrateoftheforecastperiod,growthrateofstableperiod,rateofprofit,discountrate,forecastperiodandsoonforpredictionoffuturepresentvalueofcashflows)andtherecognitionmethodofgoodwillimpairmentlosses:
InfluenceofgoodwillimpairmenttestingNote:TheCompanyacquired35%equityofShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.in2021,whichwasabusinesscombinationnotunderthesamecontrol,andresultedinagoodwillofRMB9,446,847.38withoutimpairmentaftertheimpairmenttest.Othernotes:
29.Long-termPrepaidExpense
Unit:RMB
| Item | Beginningbalance | Increasedamount | Amortizationamountoftheperiod | Otherdecreasedamount | Endingbalance |
| Decorationfee | 11,862,716.14 | 14,880,139.82 | 4,939,791.01 | 21,803,064.95 | |
| Total | 11,862,716.14 | 14,880,139.82 | 4,939,791.01 | 21,803,064.95 |
Othernotes:
30.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)DeferredIncomeTaxAssetsHadNotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Deductibletemporarydifference | Deferredincometaxassets | Deductibletemporarydifference | Deferredincometaxassets | |
Provisionforimpairmentofassets
| Provisionforimpairmentofassets | 118,883,343.63 | 28,016,893.45 | 152,217,586.91 | 36,392,566.23 |
| Internalunrealizedprofit | 137,494,156.00 | 34,373,539.00 | 28,484,507.52 | 7,121,126.86 |
| Deductiblelosses | 1,200,124,630.73 | 299,411,568.81 | 1,340,927,414.29 | 334,560,251.68 |
| AccruedlandVAT | 3,184,602,479.28 | 796,150,619.82 | 1,979,350,706.70 | 494,837,676.67 |
| Estimatedprofitcalculatedatpre-salerevenueofpropertyenterprises | 479,584,729.78 | 119,896,182.45 | 307,175,110.51 | 76,793,777.63 |
| Otheraccruedexpenses | 8,579,103.04 | 1,862,165.86 | 5,820,943.33 | 975,846.43 |
| Total | 5,129,268,442.46 | 1,279,710,969.39 | 3,813,976,269.26 | 950,681,245.50 |
(2)DeferredIncomeTaxLiabilitiesHadnotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Taxabletemporarydifference | Deferredincometaxliabilities | Taxabletemporarydifference | Deferredincometaxliabilities | |
| Thecarryingvalueoffixedassetswaslargerthanthetaxbasis | 1,231,415.14 | 307,853.79 | 1,048.80 | 262.20 |
| Total | 1,231,415.14 | 307,853.79 | 1,048.80 | 262.20 |
(3)DeferredIncomeTaxAssetsorLiabilitiesHadBeenOff-setListedinNetAmount
Unit:RMB
| Item | Endingoff-setamountofdeferredincometaxassetsandliabilities | Endingbalanceofdeferredincometaxassetsandliabilities | Beginningoff-setamountofdeferredincometaxassetsandliabilities | Beginningbalanceofdeferredincometaxassetsandliabilities |
| Deferredincometaxassets | 1,279,710,969.39 | 950,681,245.50 | ||
| Deferredincometaxliabilities | 307,853.79 | 262.20 |
(4)ListofUnrecognizedDeferredIncomeTaxAssets
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
| Deductibletemporarydifference | 64,475,240.37 | 61,255,144.06 |
| Deductiblelosses | 475,933,209.43 | 467,373,692.72 |
| Total | 540,408,449.80 | 528,628,836.78 |
(5)DeductibleLossesofUnrecognizedDeferredIncomeTaxAssetsWillDueintheFollowingYears
Unit:RMB
| Year | Endingamount | Beginningamount | Remarks |
| Y2022 | 49,880,895.14 | 55,165,608.46 | Thedeductiblelossesof2017 |
| Y2023 | 265,603,820.64 | 265,603,820.64 | Thedeductiblelossesof2018 |
| Y2024 | 124,830,194.64 | 124,830,194.64 | Thedeductiblelossesof2019 |
| Y2025 | 21,774,068.98 | 21,774,068.98 | Thedeductiblelossesof2020 |
| Y2026 | 13,844,230.03 | Thedeductiblelossesof2021 | |
| Total | 75,933,209.43 | 467,373,692.72 | -- |
Othernotes:
31.OtherNon-currentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
| Prepaymentforpurchaseoffixedassets,investmentpropertiesandintangibleassets | 115,779.31 | 115,779.31 | 867,619.10 | 867,619.10 | ||
| Prepaymentforequityacquisition[Note1] | 42,726,200.00 | 42,726,200.00 | ||||
| Others[Note2] | 2,730,018.54 | 2,730,018.54 | 696,455.24 | 696,455.24 | ||
| Total | 45,571,997.85 | 45,571,997.85 | 1,564,074.34 | 1,564,074.34 | ||
Othernotes:
[Note1]TheCompany'ssubsidiary,ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.,andShenzhenShenfubao(Group)Co.,Ltd.signedanequityacquisitionagreementinDecember2021,inwhichtheunderlyingassetsarethe100%equityofShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.,andShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.AsatDecember31,2021,ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.hadpaidRMB42,726,200forthetransferof50%equity,andtheacquisitionhasnotyetbeencompleted.[Note2]ThenewlyaddedRMB2,635,100totheCompany,i.e.ShenZhenProperties&ResourcesDevelopment(Group)Ltd.,inthis
yearistheregisteredassetofrealestateforinvestment,fortheassetinvolvestherelocationpropertyofshantyreconstructioninChuanbujie,whichistobehandedoverwiththetermoveroneyear;theRMB94,900relatedtotheCompany'ssubsidiaryShenzhenGuomaomeiLifeServiceCo.,Ltd.ispartoftheprojectfundsforstaffcanteenrenovation(accountingfor30%).
32.Short-termBorrowings
(1)CategoryofShort-termBorrowings
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
Notesofthecategoryforshort-termloans:
(2)ListoftheShort-termBorrowingsOverduebutnotReturned
Theamountoftheoverdueunpaidshort-termborrowingsattheperiod-endwasRMBXXX,ofwhichthesignificantoverdueunpaidshort-termborrowingsareasfollows:
Unit:RMB
| Entity | Endingbalance | Interestrate | Overduetime | Overduechargerate |
Othernotes:
33.TradingFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ofwhich: | ||
| Ofwhich: |
Othernotes:
34.DerivativeFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
35.NotesPayable
Unit:RMB
| Category | Endingbalance | Beginningbalance |
ThetotalamountofnotespayableduebutunpaidwasRMBXXX.
36.AccountsPayable
(1)ListofAccountsPayable
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
| Engineeringconstructionexpensepayable | 241,653,580.02 | 334,297,738.31 |
| Accruedexpenses | 16,697,665.15 | 46,894,644.22 |
| Others | 78,775,283.51 | 87,077,303.12 |
| Total | 337,126,528.68 | 468,269,685.65 |
(2)SignificantAccountsPayableAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ChinaConstructionFourthEngineeringDivisionCorp.,Ltd. | 43,507,672.83 | Unsettled |
| ShenzhenPlanningBureauofLandResources | 25,000,000.00 | Historicalproblems |
| ChinaConstructionNo.3BureauNo.2ConstructionEngineeringCo.,Ltd. | 19,386,601.99 | Unsettled |
| ShenzhenRuiheConstructionDecorationCo.,Ltd. | 10,659,246.31 | Unsettled |
| ShenzhenDingshengXingyeTechnologyCo.,Ltd. | 5,622,875.50 | Unsettled |
| Total | 104,176,396.63 | -- |
Othernotes:
37.AdvancesfromCustomers
(1)ListofAdvancesfromCustomers
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Rental | 1,265,805.23 | 473,274.48 |
| Total | 1,265,805.23 | 473,274.48 |
(2)SignificantAdvancesfromCustomersAgedover1Year
Unit:RMB
Item
| Item | Endingbalance | Unpaid/Un-carry-overreason |
38.ContractLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Housepaymentinadvance | 1,329,251,898.56 | 633,340,922.42 |
| Propertyfeeinadvance | 22,742,381.14 | 13,124,519.01 |
| Otherpaymentsinadvance | 19,856,445.90 | 20,428,188.29 |
| Total | 1,371,850,725.60 | 666,893,629.72 |
SignificantchangesintheamountofcarryingvalueandthereasonintheReportingPeriod
Unit:RMB
| Item | Changeinamount | Reason |
| FuchangPhaseIIProject | 524,139,983.49 | SalespaymentcollectionfromFuchangPhaseIIProjectinthecurrentperiod |
| Total | 524,139,983.49 | —— |
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Theproceedsinformationoftopfiveadvancesaleamount:
Unit:RMB
| No. | Project | Beginningbalance | Endingbalance | Estimateddateofcompletion | Advancesaleproportion |
| 1 | SZPRD-GoldenCollar’sResort | 358,877,583.81 | 543,093,840.68 | 2December2021 | 80.00% |
| 2 | SZPRD-FuchangGardenPhaseII | 0.00 | 524,139,983.49 | 30June2023 | 99.00% |
| 3 | SZPRD-BanshanYujingPhaseII | 247,769,597.25 | 253,376,242.15 | 31January2022 | 100.00% |
| 4 | SZPRD-HupanYujingPhaseII | 5,766,348.62 | 8,401,706.42 | 30November2017 | 92.39% |
| 5 | SZPRD-HupanYujingPhaseI | 128,440.37 | 36,697.25 | 1June2015 | 87.62% |
39.PayrollPayable
(1)ListofPayrollPayable
Unit:RMB
Item
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| I.Short-termsalary | 175,382,038.91 | 691,375,716.05 | 676,385,602.34 | 190,372,152.62 |
| II.Post-employmentbenefit-definedcontributionplans | 1,808,158.45 | 63,782,033.29 | 63,484,409.98 | 2,105,781.76 |
| III.TerminationBenefits | 1,879,230.55 | 1,552,878.55 | 326,352.00 | |
| Total | 177,190,197.36 | 757,036,979.89 | 741,422,890.87 | 192,804,286.38 |
(2)ListofShort-termSalary
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| 1.Salary,bonus,allowance,subsidy | 160,923,367.59 | 606,117,650.00 | 588,850,457.07 | 178,190,560.52 |
| 2.Employeewelfare | 1,769,666.63 | 14,373,645.83 | 14,959,863.89 | 1,183,448.57 |
| 3.Socialinsurance | 223,040.80 | 20,063,781.03 | 20,154,751.30 | 132,070.53 |
| Ofwhich:Medicalinsurancepremiums | 223,040.80 | 17,212,777.90 | 17,303,761.47 | 132,057.23 |
| Work-relatedinjuryinsurance | 734,012.64 | 733,999.34 | 13.30 | |
| Maternityinsurance | 857,555.87 | 857,555.87 | 0.00 | |
| Othercommercialinsurances | 1,259,434.62 | 1,259,434.62 | ||
| 4.Housingfund | 509,510.97 | 20,961,153.24 | 20,288,231.44 | 1,182,432.77 |
| 5.Laborunionbudgetandemployeeeducationbudget | 11,956,452.92 | 12,773,061.38 | 15,045,874.07 | 9,683,640.23 |
| 8.Non-monetarybenefits | 17,086,424.57 | 17,086,424.57 | ||
| Total | 175,382,038.91 | 691,375,716.05 | 676,385,602.34 | 190,372,152.62 |
(3)ListofDefinedContributionPlans
Unit:RMB
Item
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| 1.Basicpensionbenefits | 50,753,436.03 | 50,730,052.16 | 23,383.87 | |
| 2.Unemploymentinsurance | 1,255,635.76 | 1,255,259.70 | 376.06 | |
| 3.Annuity | 1,808,158.45 | 11,772,961.50 | 11,499,098.12 | 2,082,021.83 |
| Total | 1,808,158.45 | 63,782,033.29 | 63,484,409.98 | 2,105,781.76 |
Othernotes:
40.TaxesPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| VAT | 29,126,998.08 | 47,751,975.47 |
| Corporateincometax | 81,436,929.10 | 448,111,036.28 |
| Personalincometax | 4,390,509.59 | 4,826,634.10 |
| Urbanmaintenanceandconstructiontax | 1,787,336.42 | 3,165,158.73 |
| Landappreciationtax | 3,184,727,554.49 | 1,979,388,881.01 |
| Landusetax | 938,263.93 | 941,099.10 |
| Propertytax | 406,052.03 | 447,199.94 |
| EducationSurcharge | 780,950.94 | 1,372,723.27 |
| Localeducationsurcharge | 523,798.27 | 918,545.34 |
| Others | 106,952.61 | 289,726.13 |
| Total | 3,304,225,345.46 | 2,487,212,979.37 |
Othernotes:
41.OtherPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Dividendspayable | 12,202,676.04 | 12,202,676.04 |
| Otherpayables | 947,196,210.25 | 834,939,937.05 |
| Total | 959,398,886.29 | 847,142,613.09 |
(1)InterestPayable
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
Listofthesignificantoverdueunpaidinterest:
Unit:RMB
| Entity | Overdueamount | Overduereason |
Othernotes:
(2)DividendsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ordinarystockdividends | 12,202,676.04 | 12,202,676.04 |
| Total | 12,202,676.04 | 12,202,676.04 |
Othernotes:includingsignificantdividendspayableunpaidforoveroneyear,theunpaidreasonshallbedisclosed:
| Item | Amountunpaid | Reason |
| ShenzhenGreeningDepartment | 10,869,036.68 | Companyrestructuredwithoutclearingpaymentobject |
| LaborUnionofShenzhenGreeningDepartment | 1,300,000.00 | Companyrestructuredwithoutclearingpaymentobject |
| Others | 33,639.36 | Withoutaccesstoitsaccountandthefinalpaymentisunpaid |
| Total | 12,202,676.04 |
(3)OtherPayables
1)OtherPayablesListedbyNatureofAccount
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| SecurityDeposit | 271,656,616.93 | 236,714,842.73 |
| Margin | 13,643,729.01 | 18,041,272.10 |
| Unpaidremainingamountofequitytransfer | ||
| Collectiononbehalf | 1,238,324.46 | 12,818,680.31 |
| Intercoursefunds | 425,527,818.25 | 426,354,105.87 |
| Accruedexpenses | 169,176,253.17 | 93,276,622.77 |
Paymentonbehalf
| Paymentonbehalf | 16,558,536.76 | 14,038,360.90 |
| Others | 49,394,931.67 | 33,696,052.37 |
| Total | 947,196,210.25 | 834,939,937.05 |
2)SignificantOtherAccountsPayableAgingoverOneYear
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ShenzhenPasonAluminumTechnologyCo.,Ltd. | 198,352,106.44 | Didnotsubmitthepaymentapplicationforhistoricalreasons |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 38,796,665.14 | Come-and-goaccountswithoutspecificpaymentterm |
| 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 | 68,984,050.47 | 36,722,824.88 |
| Leaseobligationmaturedwithin1Year | 14,940,651.36 | 9,799,084.76 |
| Total | 83,924,701.83 | 46,521,909.64 |
Othernotes:
44.OtherCurrentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Taxtobechargedoff
| Taxtobechargedoff | 77,355,792.16 | 43,354,691.51 |
| Total | 77,355,792.16 | 43,354,691.51 |
Increase/decreaseoftheshort-termbondspayable:
Unit:RMB
| Name | Parvalue | Issuedate | Bondduration | Issueamount | Beginningbalance | IssuedintheReportingPeriod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation | RepaidintheReportingPeriod | Endingbalance |
Othernotes:
45.Long-termBorrowings
(1)CategoryofLong-termBorrowings
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Pledgedloan | 2,999,400,000.00 | 2,999,600,000.00 |
| Mortgageloan | 1,500,000.00 | 3,000,000.00 |
| Creditloan | 523,600,000.00 | 585,200,000.00 |
| Total | 3,524,500,000.00 | 3,587,800,000.00 |
Notetothecategoryoflong-termborrowings:
Othernotes,includinginterestraterange
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)BondsPayable
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
(2)ChangesofBondsPayable(ExcludingOtherFinancialInstrumentsDividedasFinancialLiabilitiessuchasPreferredSharesandPerpetualBonds)
Unit:RMB
| Name | Parvalue | Issuedate | Bondduration | Issueamount | Beginningbalance | IssuedintheReportingPeriod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation | RepaidintheReportingPeriod | Endingbalance |
Total
| Total | -- | -- | -- |
(3)ConvertibleConditionsandTimeforConvertibleCorporateBonds
(4)NotestoOtherFinancialInstrumentsClassifiedasFinancialLiabilitiesBasicsituationofotherfinancialinstrumentssuchaspreferredsharesandperpetualbondsoutstandingattheperiod-endChangesinfinancialinstrumentssuchaspreferredsharesandperpetualbondsoutstandingattheperiod-end
Unit:RMB
| Outstandingfinancialinstruments | Period-beginning | Increase | Decrease | Period-end | ||||
| Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | |
NotestobasisfortheclassificationofotherfinancialinstrumentsasfinancialliabilitiesOthernotes:
47.LeaseLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Leasepayments | 124,179,565.50 | 44,443,786.36 |
| Less:Unrecognizedfinancingexpense | -26,157,731.25 | -5,234,137.60 |
| Less:leaseliabilitiesduewithin1year | -14,940,651.36 | -9,799,084.76 |
Total
| Total | 83,081,182.89 | 29,410,564.00 |
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 | Amountofthecurrentperiod | Amountofthepreviousperiod |
Planassets:
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Netliabilities(netassets)ofdefinedbenefitplans:
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Notesofinfluenceofcontentofdefinedbenefitplansanditsrelevantriskstothefuturecashflow,timeanduncertaintyofthe
Company:
Notestotheresultsofsignificantactuarialassumptionsandsensitivityanalysisofdefinedbenefitplans:
Othernotes:
50.Provisions
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance | Reasonforformation |
| Pendinglitigation | 1,425,490.50 | 2,396,947.00 | CaiBaolin'slawsuitontheresidualvalueofdecoration |
| Total | 1,425,490.50 | 2,396,947.00 | -- |
Othernotes,includingnotestorelatedsignificantassumptionsandevaluationofsignificantprovisions:
Note:refertoNoteXIV-2fordetails.
51.DeferredIncome
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance | Reasonforformation |
Iteminvolvinggovernmentgrants:
Unit:RMB
| Item | Beginningbalance | Amountofnewlysubsidy | Amountrecordedintonon-operatingincomeintheReportingPeriod | AmountrecordedintootherincomeintheReportingPeriod | AmountoffsetcostintheReportingPeriod | Otherchanges | Endingbalance | Relatedtoassets/relatedincome |
Othernotes:
52.OtherNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Utilityspecificfund | 615,787.03 | 490,603.18 |
| Housingprinciplefund | 21,212,930.24 | 16,825,921.62 |
| Housewarmingdeposit | 7,008,598.13 | 6,925,380.49 |
| ElectricEquipmentMaintenancefund | 4,019,415.44 | 4,019,415.44 |
Deputedmaintenancefund
| Deputedmaintenancefund | 34,089,347.95 | 34,453,351.12 |
| Follow-upinvestmentofemployeesforGuanlanBanglingproject | 40,000,000.00 | 40,000,000.00 |
| Others | 6,594,009.58 | 6,063,655.60 |
| Total | 113,540,088.37 | 108,778,327.45 |
Othernotes:
53.ShareCapital
Unit:RMB
| Beginningbalance | Increase/decrease(+/-) | Endingbalance | |||||
| Newsharesissued | Bonusshares | Bonusissuefromprofit | Others | Subtotal | |||
| Thesumofshares | 595,979,092.00 | 595,979,092.00 | |||||
Othernotes:
54.OtherEquityInstruments
(1)BasicInformationaboutOtherOutstandingFinancialInstrumentssuchasPreferredSharesandPerpetualBondsatthePeriod-end
(2)ChangesofOutstandingFinancialInstrumentssuchasPreferredSharesandPerpetualBondsatthePeriod-end
Unit:RMB
| Outstandingfinancialinstruments | Period-beginning | Increase | Decrease | Period-end | ||||
| Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | |
ChangesofotherequityinstrumentsintheReportingPeriod,reasonsthereofandbasisofrelatedaccountingtreatment:
Othernotes:
55.CapitalReserve
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| Othercapitalreserves | 80,488,045.38 | 80,488,045.38 | ||
| Total | 80,488,045.38 | 80,488,045.38 |
Othernotes,includingadescriptionoftheincreaseordecreaseinthecurrentperiodandthereasonsforthechange:
56.TreasuryShares
Unit:RMB
Item
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
Othernotes,includingadescriptionoftheincreaseordecreaseinthecurrentperiodandthereasonsforthechange:
57.OtherComprehensiveIncome
Unit:RMB
| Item | Beginningbalance | Amountofthecurrentperiod | Endingbalance | |||||
| IncomebeforetaxationintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossintheCurrentPeriod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsintheCurrentPeriod | Less:Incometaxexpense | AttributabletoownersoftheCompanyastheparentaftertax | Attributabletonon-controllinginterestsaftertax | |||
| I.Othercomprehensiveincomethatmaynotbereclassifiedtoprofitorloss | -2,545,451.19 | -28,670.35 | -28,670.35 | -2,574,121.54 | ||||
| Changesinfairvalueofotherequityinstrumentinvestment\ | -2,545,451.19 | -28,670.35 | -28,670.35 | -2,574,121.54 | ||||
| II.Othercomprehensiveincomethatmaysubsequentlybereclassifiedtoprofitorloss | -4,204,138.22 | -1,396,393.90 | -1,396,393.90 | -5,600,532.12 | ||||
| Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | -4,204,138.22 | -1,396,393.90 | -1,396,393.90 | -5,600,532.12 | ||||
| Totalofothercomprehensiveincome | -6,749,589.41 | -1,425,064.25 | -1,425,064.25 | -8,174,653.66 | ||||
Othernotes,includingtheadjustmentoftheeffectivegain/lossoncashflowhedgestotheinitialrecognizedamount:
58.SpecificReserve
Unit:RMB
Item
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
Othernotes,includingadescriptionoftheincreaseordecreaseinthecurrentperiodandthereasonsforthechange:
59.SurplusReserves
Unit:RMB
| Item | Beginningbalance | Increase | Decrease | Endingbalance |
| Statutorysurplusreserves | 18,840,576.50 | 10,431,568.84 | 29,272,145.34 | |
| Discretionalsurplusreserves | 365,403.13 | 365,403.13 | ||
| Total | 19,205,979.63 | 10,431,568.84 | 29,637,548.47 |
Notes,includingchangesandreasonofchange:
60.RetainedEarnings
Unit:RMB
| Item | ReportingPeriod | Sameperiodoflastyear |
| Beginningbalanceofretainedprofitsbeforeadjustments | 3,038,993,912.43 | 2,457,119,795.39 |
| Beginningbalanceofretainedprofitsafteradjustments | 3,038,993,912.43 | 2,457,119,795.39 |
| Add:NetprofitattributabletoownersoftheCompanyastheparent | 1,003,969,842.33 | 798,572,121.74 |
| Less:Withdrawalofstatutorysurplusreserve | 10,431,568.84 | 2,802,342.02 |
| Dividendofordinarysharespayable | 244,351,427.72 | 214,552,473.12 |
| Others | -656,810.44 | |
| Endingretainedprofits | 3,788,180,758.20 | 3,038,993,912.43 |
Listofadjustmentofbeginningretainedprofits:
1)RMBXXXbeginningretainedearningswasaffectedbyretrospectiveadjustmentconductedaccordingtotheAccountingStandardsforBusinessEnterprisesandrelevantnewregulations.
2)RMBXXXbeginningretainedearningswasaffectedbychangesinaccountingpolicies.
3)RMBXXXbeginningretainedearningswasaffectedbycorrectionofsignificantaccountingerrors.
4)RMBXXXbeginningretainedearningswasaffectedbychangesincombinationscopearisingfromsamecontrol.
5)RMBXXXbeginningretainedearningswasaffectedtotallybyotheradjustments.
61.OperatingRevenueandCostofSales
Unit:RMB
Item
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Lucrativebusiness | 4,418,791,748.13 | 1,482,822,851.76 | 3,970,087,178.43 | 1,355,179,663.50 |
| Others | 73,173,895.58 | 8,064,510.40 | 134,287,467.59 | 31,530,576.04 |
| Total | 4,491,965,643.71 | 1,490,887,362.16 | 4,104,374,646.02 | 1,386,710,239.54 |
Whetherthelowerofthenetprofitbeforeandafterdeductionofnon-recurringgainsandlossesthroughauditisnegative□Yes√NoRelevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Productcategories | 4,491,965,643.71 | 4,491,965,643.71 | ||
| Ofwhich: | ||||
| Realestate | 3,131,113,534.70 | 3,131,113,534.70 | ||
| Propertymanagement | 1,184,591,970.58 | 1,184,591,970.58 | ||
| Leasingbusiness | 176,260,138.43 | 176,260,138.43 | ||
| Ofwhich: | ||||
| Shenzhen | 4,107,155,381.91 | 4,107,155,381.91 | ||
| Otherregions | 384,810,261.80 | 384,810,261.80 | ||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Ofwhich: |
Informationaboutperformanceobligations:
On31December2021,thetransactionpriceassignedtounfulfilled(orpartiallyunfulfilled)performanceobligationswasestimatedtobeRMB1,372million,whichismainlyexpectedfuturerevenueoftransactionpricesthathavenotmetthedeliveryconditionsstipulatedinsalescontractsofrealestate.TheCompanyisexpectedtoachievetheplannedsalesrevenuewithinoneortwoyearswhenthehousepropertyiscompletedandpassestheacceptance,whichmeetsthedeliveryconditionsstipulatedinsalescontracts,andwhenthecustomersacquirethecontrolrightsofrelevantgoodsorservices.Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB1,371,850,725.60attheperiod-end,amongwhichRMB847,710,742.11wasexpectedtoberecognizedin2022,RMB524,139,983.49in2023andRMBXXXinXXXyear.Othernotes:
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Thetop5accountsreceivedwithconfirmedamountintheReportingPeriod:
Unit:RMB
No.
| No. | Project | Incomebalance |
| 1 | GoldenCollar’sResort | 3,004,412,101.75 |
| 2 | HupanYujingPhaseIandII | 56,624,392.75 |
| 3 | BanshanYujingPhaseI | 21,000,000.00 |
| 4 | XinhuaTown | 3,669,619.99 |
| 5 | SonghuLangyuan | 1,849,887.60 |
62.TaxesandSurtaxes
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Urbanmaintenanceandconstructiontax | 14,966,538.29 | 14,940,404.05 |
| EducationSurcharge | 6,432,023.99 | 6,420,882.98 |
| Propertytax | 10,745,037.91 | 10,257,159.82 |
| Landusetax | 1,512,462.96 | 1,310,782.19 |
Localeducationsurcharge
| Localeducationsurcharge | 4,271,665.96 | 4,278,425.22 |
| Landappreciationtax | 1,309,913,734.35 | 1,273,927,485.51 |
| Othertaxes | 2,751,106.73 | 2,213,088.71 |
| Total | 1,350,592,570.19 | 1,313,348,228.48 |
Othernotes:
63.SellingExpense
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Agencyfee | 35,845,559.65 | 7,676,210.19 |
| Consultancyandsalesservicecharges | 8,151,107.45 | 10,939,043.07 |
| Advertisingexpenses | 9,731,964.11 | 10,794,534.19 |
| Employeeremuneration | 6,438,365.79 | 5,534,877.38 |
| Others | 13,183,785.18 | 9,808,582.35 |
| Total | 73,350,782.18 | 44,753,247.18 |
Othernotes:
64.AdministrativeExpense
Unit:RMB
Item
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Employeeremuneration | 182,612,009.23 | 166,493,999.24 |
| Administrativeofficecost | 34,696,777.30 | 35,213,262.38 |
| Assetsamortizationanddepreciationexpense | 21,221,737.94 | 10,987,180.15 |
| Litigationcosts | 1,315,223.95 | 482,904.31 |
| Others | 23,854,422.87 | 25,447,797.23 |
| Total | 263,700,171.29 | 238,625,143.31 |
Othernotes:
65.DevelopmentExpense
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Employeeremuneration | 1,959,851.56 | |
| Officecost | 64,656.03 | |
| R&Dmaterialexpense | 68,288.00 | |
| Others | 79,002.21 | |
| Total | 2,171,797.80 | 0.00 |
Othernotes:
66.FinanceCosts
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Financecosts | 75,361,420.03 | 182,930,469.55 |
| Less:Interestincome | 74,598,590.37 | 72,357,101.87 |
| Foreignexchangegainsorlosses | 145,683.08 | -421,264.01 |
| Others | 4,752,061.02 | 1,111,455.13 |
| Total | 5,660,573.76 | 111,263,558.80 |
Othernotes:
67.OtherIncome
Unit:RMB
Sources
| Sources | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Governmentgrantsrelatedtoincome | 23,913,655.59 | 6,802,767.10 |
| Governmentgrantsrelatedtoassets | 341,259.63 | |
| Commissionchargesreturnofdeductibleincometax | 169,262.03 | 94,284.37 |
| AdditionaldeductionofVAT | 5,235,737.17 | 5,476,769.70 |
| RebateofVAT | 668,534.55 | 55,729.95 |
| Subtotal | 29,987,189.34 | 12,770,810.75 |
68.InvestmentIncome
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 4,650,460.58 | 634,098.07 |
| Total | 4,650,460.58 | 634,098.07 |
Othernotes:
69．NetGainonExposureHedges
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Othernotes:
70.GainonChangesinFairValue
Unit:RMB
| Sources | Amountofthecurrentperiod | Amountofthepreviousperiod |
Othernotes:
71.CreditImpairmentLoss
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Baddebtloss | -29,082,610.26 | 4,623,356.81 |
| Total | -29,082,610.26 | 4,623,356.81 |
Othernotes:
72.AssetImpairmentLoss
Unit:RMB
Item
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| II.Inventoryfallingpricelossandimpairmentprovisionforcontractperformancecosts | 23,120.82 | -51,185.46 |
| Total | 23,120.82 | -51,185.46 |
Othernotes:
73.AssetDisposalIncome
Unit:RMB
| Sources | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Gainsondisposaloffixedassets | 2,311.70 | |
| Others | 27.94 |
74.Non-operatingIncome
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Governmentsubsidies | 10,000.00 | 34,500.00 | 10,000.00 |
| Gainsondamageandscrapofnon-currentassets | 9,650.00 | 2,000.00 | 9,650.00 |
| Confiscatedincome | 144,448.18 | 759,208.33 | 144,448.18 |
| Paymentsunabletoclear | 109,996.00 | 689,801.09 | 109,996.00 |
| Others | 9,137,317.29 | 10,212,151.81 | 9,137,317.29 |
| Total | 9,411,411.47 | 11,697,661.23 |
Governmentgrantsrecordedintocurrentprofitorloss
Unit:RMB
| Item | Distributionentity | Distributionreason | Nature | Whetherinfluencetheprofitsorlossesoftheyearornot | Specialsubsidyornot | ReportingPeriod | Sameperiodoflastyear | Relatedtoassets/relatedincome |
| Others | Subsidies | Subsidiesobtainedfromthe | No | No | 10,000.00 | 34,500.00 | Relatedtorevenue |
statebyundertakingthesustainabilityofpublicutilities,thesupplyofsociallynecessaryproducts,orthefunctionofpricecontrol
Othernotes:
Othernon-operatingincomeinthecurrentperiodmainlycomesfromthedemolitioncompensationcollectedbytheCompany.
75.Non-operatingExpense
Unit:RMB
statebyundertakingthesustainabilityofpublicutilities,thesupplyofsociallynecessaryproducts,orthefunctionofpricecontrol
Item
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Donation | 139,000.01 | 476,485.29 | 139,000.01 |
| Lossesfromdamageandscrapofnon-currentassets | 71,820.29 | 275,730.01 | 71,820.29 |
| Litigationexpenses | 191,457.86 | 2,396,947.00 | 191,457.86 |
| Penaltyandfinefordelayingpayment | 195,546.95 | 237,572.81 | 195,546.95 |
| Others | 5,950,073.77 | 1,857,594.39 | 5,950,073.77 |
| Total | 6,547,898.88 | 5,244,329.50 |
Othernotes:
76.IncomeTaxExpense
(1)ListofIncomeTaxExpense
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Currentincometaxexpense | 656,337,068.59 | 588,275,917.87 |
| Deferredincometaxexpense | -329,051,682.30 | -285,506,835.29 |
Total
| Total | 327,285,386.29 | 302,769,082.58 |
(2)AdjustmentProcessofAccountingProfitandIncomeTaxExpense
Unit:RMB
| Item | Amountofthecurrentperiod |
| Profitbeforetaxation | 1,314,044,087.34 |
| Currentincometaxexpenseaccountedatstatutory/applicabletaxrate | 328,511,021.84 |
| Influenceofapplyingdifferenttaxratesbysubsidiaries | -2,970,131.07 |
| Influenceofincometaxbeforeadjustment | 10,851,209.34 |
| Influenceofnon-deductiblecosts,expensesandlosses | 15,104,525.88 |
| Theeffectofusingdeductiblelossesofdeferredincometaxassetsthathavenotbeenrecognizedinthepreviousperiod | -1,321,178.33 |
| Effectofdeductibletemporarydifferencesordeductiblelossesondeferredincometaxassetsnotrecognizedintheperiod | -24,957,044.98 |
| Influenceofunrecognizeddeductibletemporarydifferencesanddeductiblelosses | 1,244,418.33 |
| Additionaldeductionoftechnologicaldevelopmentexpense | -485,489.98 |
| Changesinthebalanceofdeferredincometaxassets/liabilitiesatthebeginningoftheperiodduetoadjustmentoftaxrate | -13,123.07 |
| Incometaxexpenses | 327,285,386.29 |
Othernotes:
77.OtherComprehensiveIncomeRefertoNoteVII-57fordetails.
78.CashFlowStatement
(1)CashGeneratedfromOtherOperatingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Largeintercoursefundsreceived | 31,290,902.02 | 225,792,047.12 |
| Interestincome | 74,523,492.00 | 46,807,781.51 |
| Netmargins,securitydepositandvariousspecialfundsreceived | 107,374,965.08 | 83,064,444.34 |
| Governmentgrantsreceived | 24,634,476.35 | 7,178,526.73 |
Othersmallreceivables
| Othersmallreceivables | 830,679.93 | 39,131,506.62 |
| Total | 238,654,515.38 | 401,974,306.32 |
Notes:
(2)CashUsedinOtherOperatingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Payingadministrativeexpenseincash | 50,097,381.77 | 62,579,627.01 |
| Payingsellingexpenseincash | 62,996,298.93 | 39,218,369.80 |
| Netpaymentofutilityexpense,miscellaneousexpenseandincidentcost,andvariouscollectingpaymentsonbehalfofothers | 57,809,584.74 | 26,822,888.41 |
| Amountofnewlylimitedfunds | 373,079,206.86 | 25,566,015.05 |
| Othersmallpayments | 408,215,211.77 | 36,328,299.98 |
| Total | 579,118,477.21 | 164,949,185.20 |
Notes:
(3)CashGeneratedfromOtherInvestingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Notes:
(4)CashUsedinOtherInvestingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Notes:
(5)CashGeneratedfromOtherFinancingActivities
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
Notes:
(6)CashUsedinOtherFinancingActivities
Unit:RMB
Item
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Cashpaidinthecurrentperiodforthebusinesscombinationoccurringinthepreviousperiod | 465,807,569.82 | |
| Paymentforleaseliabilities | 20,052,203.22 | |
| Total | 20,052,203.22 | 465,807,569.82 |
Notes:
79.SupplementalInformationforCashFlowStatement
(1)SupplementalInformationforCashFlowStatement
Unit:RMB
| Supplementalinformation | AmountduringtheCurrentPeriod | Sameperiodoflastyear |
| 1.Reconciliationofnetprofittonetcashflowsgeneratedfromoperatingactivities | -- | -- |
| Netprofit | 986,758,701.05 | 731,337,869.73 |
| Add:Provisionforimpairmentofassets | 29,059,489.44 | -4,572,171.35 |
| Depreciationoffixedassets,oil-gasassets,andproductivebiologicalassets | 52,102,862.45 | 45,342,224.24 |
| Depreciationofright-of-useassets | 13,946,768.72 | |
| Amortizationofintangibleassets | 378,099.59 | 218,320.15 |
| Amortizationoflong-termprepaidexpenses | 4,939,791.01 | 3,787,635.83 |
| Lossesfromdisposaloffixedassets,intangibleassetsandotherlong-livedassets(gains:negative) | -27.94 | -2,311.70 |
| Lossesfromscrapoffixedassets(gains:negative) | 62,170.29 | 273,730.01 |
| Lossesfromchangesinfairvalue(gains:negative) | ||
| Financecosts(gains:negative) | 78,852,906.52 | 183,674,281.47 |
| Investmentloss(gains:negative) | -4,650,460.58 | -634,098.07 |
| Decreaseindeferredincometaxassets(gains:negative) | -329,029,723.89 | -292,528,122.77 |
| Increaseindeferredincometaxliabilities(“-”meansdecrease) | -21,958.41 | -3,558.88 |
Decreaseininventory(gains:
negative)
| Decreaseininventory(gains:negative) | -3,692,274,029.88 | -391,011,344.87 |
| Decreaseinaccountsreceivablegeneratedfromoperatingactivities(gains:negative) | -505,270,780.52 | 150,130,667.50 |
| Increaseinaccountspayableusedinoperatingactivities(decrease:negative) | 1,551,833,183.57 | -40,515,339.17 |
| Others | ||
| Netcashflowfromoperatingactivities | -1,813,313,008.58 | 385,497,782.12 |
| 2.Significantinvestingandfinancingactivitieswithoutinvolvementofcashreceiptsandpayments | -- | -- |
| Conversionofdebttocapital | ||
| Convertiblecorporatebondsmaturedwithin1Year | ||
| Fixedassetunderfinancelease | ||
| 3.Netincrease/decreaseofcashandcashequivalent: | -- | -- |
| Endingbalanceofcash | 1,798,746,969.35 | 4,168,154,911.83 |
| Less:Openingbalanceofcash | 4,168,154,911.83 | 3,285,345,233.47 |
| Plus:Closingbalanceofcashequivalents | ||
| Less:Openingbalanceofcashequivalents | ||
| Netincreaseincashandcashequivalents | -2,369,407,942.48 | 882,809,678.36 |
(2)NetCashPaidforAcquisitionofSubsidiaries
Unit:RMB
| Amount | |
| Cashorcashequivalentspaidinthecurrentperiodforthebusinesscombinationoccurringinthecurrentperiod | 14,000,000.00 |
| Ofwhich: | -- |
| Less:cashandcashequivalentsheldbysubsidiariesonthepurchasedate | 9,707,759.32 |
Ofwhich:
| Ofwhich: | -- |
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 9,707,759.32 |
| Ofwhich: | -- |
| Netcashpaidforacquisitionofsubsidiaries | 4,292,240.68 |
Othernotes:
(3)NetCashReceivefromDisposaloftheSubsidiaries
Unit:RMB
| Amount | |
| Ofwhich: | -- |
| Ofwhich: | -- |
| Ofwhich: | -- |
Othernotes:
(4)CashandCashEquivalents
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| I.Cash | 1,798,746,969.35 | 4,168,154,911.83 |
| Including:Cashonhand | 110,140.62 | 96,389.26 |
| Bankdepositsondemand | 1,798,505,465.47 | 4,167,907,417.88 |
| Othermonetaryassetsondemand | 131,363.26 | 151,104.69 |
| III.Endingbalanceofcashandcashequivalents | 1,798,746,969.35 | 4,168,154,911.83 |
Othernotes:
80.NotestoItemsoftheStatementsofChangesinOwners’EquityNotestothenameof“Other”ofendingbalanceofthesameperiodoflastyearadjustedandtheamountadjusted:
Notapplicable.
81.AssetswithRestrictedOwnershiporRightofUse
Unit:RMB
| Item | Endingcarryingvalue | Reasonforrestriction |
| MonetaryAssets | 373,079,206.86 | [Note1]-[Note9] |
| LanduserightofFuminNewVillage,FutianDistrict | 542,507,314.43 | [Note10] |
Total
| Total | 915,586,521.29 | -- |
Othernotes:
[Note1]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasabankguaranteeofRMB366,477,454.26issuedbytheCompanyin2021forthesupervisionoftheimplementationentityoftheurbanrenewalunitprojectPhaseIIinBanglingArea,GuanlanStreet,LonghuaDistrictofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.,ofwhichtheprincipalwasRMB365,765,440.00andtheinterestwasRMB712,014.26.[Note2]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanescrowdepositofRMB44,690.02inthecateringbranchofthesubsidiarycompanyShandongShenguomaoRealEstateManagementCo.,Ltd.
[Note3]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanadvancepaymentguaranteeofRMB919,255.00issuedbythesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.inDecember2021fortheupgradingandreconstructionofthesmartparkofShenzhenBayScienceandTechnologyEcologicalParkandthesoftwareplatformdevelopmentcontract.
[Note4]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00inthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.blockedbythecourtduetopre-litigationpreservationforcontractdisputes.
[Note5]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloanguaranteeofRMB1,127,757.03providedasmortgageguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.Fordetails,pleaserefertoXII-3.
[Note6]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB1,335,873.47ofinterestonunexpiredtermdepositsaccruedattheperiod-end.
[Note7]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasinterestofRMB43,388.89onlarge-valuecertificatesofdeposit(morethanoneyear).
[Note8]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB130,780.56intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.
[Note9]Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasarestrictedfundofRMB7.63intheblockedaccountofthesubsidiarycompanyShenzhenHuazhengpengPropertyManagementCo.,Ltd.
[Note10]Duetotheneedsofdailybusinessactivities,theCompanyappliedforaloanfromBankofCommunicationsCo.,Ltd.ShenzhenBranchandmortgagedthelanduserightofFuminNewVillage,FutianDistrict.Theloanhasadurationfrom27November2020to27November2023andappliesfloatinginterestrates,withthefirstexecutioninterestratebeing4.655%.
82.ForeignCurrencyMonetaryItems
(1)ForeignCurrencyMonetaryItems
Unit:RMB
| Item | Endingforeigncurrencybalance | Exchangerate | EndingbalanceconvertedtoRMB |
| MonetaryAssets | -- | -- | 53,710,413.75 |
| Ofwhich:USD | 120,000.00 | 6.3757 | 765,084.00 |
| EUR | |||
| HKD | 61,217,393.00 | 0.8176 | 50,051,340.50 |
VND
| VND | 10,335,675,900.00 | 0.00028 | 2,893,989.25 |
| Accountsprepaid | 8,338.89 | 6,817.88 | |
| Ofwhich:HKD | 8,338.89 | 0.8176 | 6,817.88 |
| Otherpayables | 363,636.67 | 297,309.34 | |
| Ofwhich:HKD | 363,636.67 | 0.8176 | 297,309.34 |
| AccountsReceivable | -- | -- | |
| Ofwhich:USD | |||
| EUR | |||
| HKD |
Long-termborrowings
| Long-termborrowings | -- | -- |
| Ofwhich:USD | ||
| EUR | ||
| HKD |
Othernotes:
(2)NotestoOverseasEntitiesIncluding:forSignificantOverseaEntities,MainOperatingPlace,RecordingCurrencyandSelectionBasisShallBeDisclosed;ifthereAreChangesinRecordingCurrency,RelevantReasonsShallBeDisclosed.
√Applicable□Notapplicable
| Item | Mainoperatingplace | Standardcurrencyforaccounting | Basisforchoosing |
| ShumYipPropertiesDevelopmentCo.,Ltd.anditssubsidiary | HongKong | HKD | LocatedinHK,settledbyHKD |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Vietnam | VND | LocatedinVietnam,settledbyVND |
83.Arbitrage
Qualitativeandquantitativeinformationofrelevantarbitrageinstruments,hedgedriskinlinewiththetypeofarbitragetodisclose:
84.GovernmentGrants
(1)BasicInformationonGovernmentGrants
Unit:RMB
Category
| Category | Amount | Listeditems | Amountrecordedinthecurrentprofitorloss |
| AwardforContributiontoEconomicGrowthofHeadquarters | 20,000,000.00 | Otherincome | 20,000,000.00 |
| EnterpriseincentivefundfromtheHeadquartersofNationalDevelopmentandReformCommission | 3,000,000.00 | Otherincome | 3,000,000.00 |
| Subsidiesforpurchaseofpost | 176,278.04 | Otherincome | 176,278.04 |
| Trainingsubsidyforthenewapprenticeshipsysteminenterprise | 170,500.00 | Otherincome | 170,500.00 |
| Subsidiesforpandemicprevention | 153,299.43 | Otherincome | 153,299.43 |
| Subsidyforstabilizingemployment | 83,161.64 | Otherincome | 83,161.64 |
| Othersubsidies | 330,416.48 | Otherincome | 330,416.48 |
| Othersubsidies | 10,000.00 | Non-operatingincome | 10,000.00 |
| Total | 23,923,655.59 | 23,923,655.59 |
(2)ReturnofGovernmentGrants
□Applicable√NotapplicableOthernotes:
85.OtherVIII.ChangeofConsolidationScope
1.BusinessCombinationNotundertheSameControl
(1)BusinessCombinationNotundertheSameControlduringtheReportingPeriod
Unit:RMB
| Nameofacquiree | Timeandplaceofgainingequity | Costofgainingtheequity | Proportionofequity | Waytogainequity | Purchasedate | Recognitionbasisofpurchasedate | Incomeofacquireefromthepurchasedatetoperiod-end | Netprofitsofacquireefromthepurchasedatetoperiod-end |
ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 1September2021 | 14,000,000.00 | 35.00% | Acquisition&capitalincrease | 1September2021 | Transferofcontrol | 10,397,919.47 | 4,207,546.24 |
Othernotes:
(2)CombinationCostandGoodwill
Unit:RMB
| Combinationcost | 14000000 |
| --Other | 14,000,000.00 |
| Totalcombinationcosts | 14,000,000.00 |
| Less:shareinthefairvalueofidentifiablenetassetsacquired | 4,553,152.62 |
| Theamountofgoodwill/combinationcostlessthantheshareinthefairvalueofidentifiablenetassetsacquired | 9,446,847.38 |
Notetodeterminationmethodofthefairvalueofthecombinationcost,considerationandchanges:
Themainformationreasonforthelargegoodwill:
Othernotes:
(3)TheIdentifiableAssetsandLiabilitiesofAcquireeonPurchaseDate
Unit:RMB
| Fairvalueonpurchasedate | Carryingvalueonpurchasedate | |
| MonetaryAssets | 9,707,759.32 | 9,707,759.32 |
| Accountsreceivable | 6,641,170.69 | 6,641,170.69 |
| FixedAssets | 112,652.42 | 98,752.42 |
| IntangibleAssets | 1,465,493.39 | 161,193.39 |
| Prepayments | 68,916.00 | 68,916.00 |
| OtherReceivables | 219,088.29 | 219,088.29 |
| OtherCurrentAssets | 15,199.18 | 15,199.18 |
| Right-of-useassets | 1,738,689.94 | 1,738,689.94 |
| Accountspayable | 1,029,932.47 | 1,029,932.47 |
| Deferredincometaxliabilities | 329,550.00 |
Contractliabilities
| Contractliabilities | 1,957,410.31 | 1,957,410.31 |
| Payrollpayable | 1,391,401.11 | 1,391,401.11 |
| Taxandfeespayables | 41,841.67 | 41,841.67 |
| Otherpayables | 41,527.12 | 41,527.12 |
| Non-currentliabilitiesduewithinoneyear | 700,381.73 | 700,381.73 |
| Leaseliabilities | 1,076,996.53 | 1,076,996.53 |
| Netassets | 13,399,928.29 | 12,411,278.29 |
| Less:non-controllinginterests | 8,846,775.67 | 8,204,153.17 |
| Netassetsacquired | 4,553,152.62 | 4,207,125.12 |
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
Combinationcost
Contingentliabilitiesandchangesthereof:
Othernotes:
(3)TheCarryingValueofAssetsandLiabilitiesoftheCombinedPartyontheCombinationDate
Unit:RMB
CombinationcostCombinationdate
| Combinationdate | Period-endofthelastperiod |
Contingentliabilitiesofthecombinedpartyundertakeninthebusinesscombination:
Othernotes:
3.CounterPurchase
Basicinformationoftrading,thebasisoftransactionsconstitutescounterpurchase,theretainassets,liabilitiesofthelistedcompanieswhetherconstitutedabusinessanditsbasis,thedeterminationofthecombinationcosts,theamountandcalculationofadjustedrightsandinterestsinaccordancewiththeequitytransactionprocess:
4.DisposalofSubsidiary
Whethertherewasasingledisposalofaninvestmentinasubsidiarythatresultedinalossofcontrol
□Yes√NoWhethertherewasastep-by-stepdisposalofinvestmentinasubsidiarythroughmultipletransactionsandlossofcontrolduringtheperiod□Yes√No
5.ChangesinCombinationScopeforOtherReasonsDescribeotherchangesintheconsolidationscope(e.g.,newsubsidiaries,liquidationofsubsidiaries,etc.)andrelevantsituations:
Increaseinscopeofcombination
| Nameofcompany | Waytogainequity | Timeandplaceofgainingequity | Contributionamount | Contributionproportion |
| XiamenShenguomaoIndustrialCitySmartServiceCo.,Ltd. | Newly-establishedsubsidiary | 29March2021 | 51% | |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Newly-establishedsubsidiary | 1February2021 | 1,293,940.00 | 100% |
| ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd. | Newly-establishedsubsidiary | 1February2021 | 10,000,000.00 | 100% |
| ShenzhenGuangmingWuheRealEstate | Newly-establis | 9December2021 | 100% |
Co.,Ltd.
| Co.,Ltd. | hedsubsidiary | |||
| DongguanWuheRealEstateCo.,Ltd. | Newly-establishedsubsidiary | 9September2021 | 20,000,000.00 | 100% |
6.Other
IX.EquityinOtherEntities
1.EquityinSubsidiary
(1)Subsidiaries
| Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Shareholdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | |||||
| ShenzhenHuangchengRealEstateCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Softwareandinformationtechnologyservices | 35.00% | Businesscombinationnotunderthesamecontrol | |
| BeijingFacilityHomeTechnologyCo.,Ltd. | Beijing | Beijing | Softwareandinformationtechnologyservices | 17.85% | Businesscombinationnotunderthesamecontrol | |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Xuzhou | Xuzhou | Realestate | 100.00% | Set-up | |
| DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. | Dongguan | Dongguan | Realestate | 100.00% | Set-up | |
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | Yangzhou | Yangzhou | Realestate | 100.00% | Set-up | |
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenGuomaomeiLifeServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShandongShenguomaoRealEstateManagementCo.,Ltd. | Jinan | Jinan | Realestate | 100.00% | Set-up | |
ChongqingShenguomaoRealEstateManagementCo.,Ltd.
| ChongqingShenguomaoRealEstateManagementCo.,Ltd. | ChongqingCity | ChongqingCity | Realestate | 100.00% | Set-up | |
| ChongqingAoboElevatorCo.,Ltd. | ChongqingCity | ChongqingCity | ServiceIndustry | 100.00% | Set-up | |
| ChongqingTianqueElevatorTechnologyCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| ShenzhenGuoguanElectromechanicalDeviceCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| ShenzhenGuomaoCateringCo.,Ltd. | Shenzhen | Shenzhen | Accommodationandcatering | 100.00% | Set-up | |
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| SZPRDCommercialOperationCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| ZhanjiangShenzhenRealEstateDevelopmentCo.,Ltd. | ZhanjiangCity | ZhanjiangCity | 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 | |
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | Yangzhou | Yangzhou | Realestate | 51.00% | Set-up | |
| ShandongInternationalTradeCenterHotelManagementCo.,Ltd. | Jinan | Jinan | Realestate | 100.00% | Set-up | |
| ShenzhenShenshanSpecialCooperationZoneGuomaoPropertyDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 65.00% | Set-up | |
| ShenzhenGuomaoTonglePropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 51.00% | Set-up | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 69.00% | Businesscombinationnotunderthesamecontrol |
ShenzhenITCTechnologyParkServiceCo.,Ltd.
| ShenzhenITCTechnologyParkServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJulianHumanResourcesDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenHuazhengpengPropertyManagementDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| SZPRDUrbanRenewalCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenPenghongyuanIndustrialDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Accommodationandcatering | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJinhailianPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenSocialWelfareCo.,Ltd. | Shenzhen | Shenzhen | Sanitationandsocialwork | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFuyuanminPropertyManagementLimitedLiabilityCompany | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenMeilongIndustrialDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | Shenzhen | Shenzhen | Publicfacilitiesmanagementservices | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenJiayuanProperty | Shenzhe | Shenzhe | Realestate | 54.00% | Business |
ManagementCo.,Ltd.
| ManagementCo.,Ltd. | n | n | combinationunderthesamecontrol | |||
| ShenzhenHelinhuaConstructionManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | Shenzhen | Shenzhen | Constructionindustry | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenKangpingIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenSportsServiceCo.,Ltd. | Shenzhen | Shenzhen | Manufacturingindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenTeacher’sHomeTrainingCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenEducationIndustrialCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenYufaIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 80.95% | Businesscombinationunderthesamecontrol | |
| SZPRDFuyuantaiDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| XiamenShenguomaoIndustrialCitySmartServiceCo.,Ltd. | Shenzhen | Shenzhen | Repairservicesofmotorvehicles,electronicproductsanddaily-useproducts | 51.00% | Set-up | |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | ServiceIndustry | 100.00% | Set-up | |
| ShenzhenSZPRDYanzihu | Shenzhe | Shenzhe | Realestate | 100.00% | Set-up |
DevelopmentCo.,Ltd.
| DevelopmentCo.,Ltd. | n | n | ||||
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| DongguanWuheRealEstateCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up |
Notestoholdingproportioninsubsidiarydifferentfromvotingproportion:
InMay2021,ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd.(hereinafterreferredtoas"WuheCompany"),asubsidiaryoftheCompany,acquired35%oftheequityofShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.(hereinafterreferredtoas"FMC")throughacquisitionofequityanddirectionalcapitalincrease.Meanwhile,accordingtotheagreementofthecooperationframeworkonequityacquisitionsignedbyWuheCompanyandtheoriginalshareholders,16%ofthevotingrightsthattheoriginalshareholdersholdoractuallycontrolintheequityofFMCshallbeunconditionallygrantedtoWuheCompanytoexerciseafterthetransactiondate.Therearenoprerequisitesforthegrantingofvotingrights,andthetermofthevotingrightsisnotstipulatedinthecontract.Basisofholdinghalforlessvotingrightsbutstillcontrollingtheinvesteeandholdingmorethanhalfofthevotingrightsbutnotcontrollingtheinvestee:
Significantstructuralentitiesandcontrollingbasisinthescopeofcombination:
BasisofdeterminingwhethertheCompanyistheagentortheprincipal:
Othernotes:
(2)SignificantNon-wholly-ownedSubsidiary
Unit:RMB
| Name | Shareholdingproportionofnon-controllinginterests | Theprofitorlossattributabletothenon-controllinginterests | Declaringdividendsdistributedtonon-controllinginterests | Balanceofnon-controllinginterestsattheperiod-end |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 31.00% | -21,415,719.66 | 17,492,106.42 | |
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 49.00% | 711,266.86 | 5,529,648.80 | |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 10.00% | 193,064.91 | 4,821,207.97 |
Holdingproportionofnon-controllinginterestsinsubsidiarydifferentfromvotingproportion:
Othernotes:
(3)TheMainFinancialInformationofSignificantNotWholly-ownedSubsidiary
Unit:RMB
Name
| Name | Endingbalance | Beginningbalance | ||||||||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 4,650,977,976.49 | 137,576,247.00 | 4,788,554,223.49 | 1,730,779,983.83 | 3,001,348,089.90 | 4,732,128,073.73 | 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 |
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 18,565,365.94 | 1,106,169.89 | 19,671,535.83 | 8,205,301.82 | 181,236.45 | 8,386,538.27 | 15,397,601.22 | 877,958.80 | 16,275,560.02 | 6,442,127.49 | 6,442,127.49 | |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 31,903,583.82 | 778,232.97 | 32,681,816.79 | 28,564,967.87 | 28,564,967.87 | 31,973,980.11 | 1,389,548.34 | 33,363,528.45 | 30,657,770.94 | 30,657,770.94 | ||
Unit:RMB
| Name | Amountofthecurrentperiod | Amountofthepreviousperiod | ||||||
| Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | Revenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
| Shenzhen | -69,082,96 | -69,082,96 | -219,358,7 | -217,986,0 | -217,986,0 | -428,153,6 | ||
RongyaoRealEstateDevelopmentCo.,Ltd.
| RongyaoRealEstateDevelopmentCo.,Ltd. | 6.63 | 6.63 | 60.50 | 90.23 | 90.23 | 32.73 | ||
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 34,266,561.14 | 1,451,565.03 | 1,451,565.03 | 2,330,187.13 | 27,454,217.70 | 1,075,200.88 | 1,075,200.88 | 3,369,179.34 |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 16,814,920.86 | 1,411,091.41 | 1,411,091.41 | -181,629.00 | 13,548,955.86 | -909,323.54 | -909,323.54 | 1,413,554.68 |
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 | Shareholdingpercentage(%) | Accountingtreatmentoftheinvestmentto |
Directly
| Directly | Indirectly |
jointventureorassociatedenterprise
| jointventureorassociatedenterprise | ||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | Shenzhen | Shenzhen | Warehouseservice | 50.00% | Equitymethod | |
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | Shenzhen | Shenzhen | Propertymanagement | 50.00% | Equitymethod |
Notestoholdingproportionofjointventureorassociatedenterprisedifferentfromvotingproportion:
Basisofholdinglessthan20%ofthevotingrightsbuthasasignificantimpactorholding20%ormorevotingrightsbutdoesnothaveasignificantimpact:
(2)MainFinancialInformationofSignificantJointVentures
Unit:RMB
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |||
| ShenzhenJifaWarehouseCo.,Ltd. | ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | ShenzhenJifaWarehouseCo.,Ltd. | ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | |
| Currentassets | 77,995,898.01 | 57,331,775.19 | 5,408,927.72 | 56,100,422.58 |
| Ofwhich:Cashandcashequivalents | 9,519,579.27 | 36,510,372.60 | 5,408,401.36 | 35,387,944.60 |
| Non-currentassets | 12,036,801.70 | 64,052.07 | 75,370,802.09 | 49,234.16 |
| Totalassets | 90,032,699.71 | 57,395,827.26 | 80,779,729.81 | 56,149,656.74 |
| Currentliabilities | 2,999,369.48 | 27,437,899.29 | 2,671,881.97 | 26,716,095.36 |
| Non-currentliabilities | 16,269,895.46 | 16,120,967.63 | ||
| Totalliabilities | 2,999,369.48 | 43,707,794.75 | 2,671,881.97 | 42,837,062.99 |
| Equityattributableto | 87,033,330.23 | 13,688,032.51 | 78,107,847.84 | 13,312,593.75 |
shareholdersoftheCompanyastheparent
| shareholdersoftheCompanyastheparent | ||||
| Netassetssharescalculatedattheshareholdingproportion | 43,516,665.12 | 6,844,016.26 | 39,053,923.92 | 6,656,296.87 |
| Carryingvalueofequityinvestmenttojointventures | 43,516,665.12 | 6,844,016.26 | 39,053,923.92 | 6,656,296.87 |
| Revenue | 17,198,255.16 | 17,937,089.04 | 6,298,927.01 | 18,268,841.02 |
| Financialexpenses | -18,157.77 | -524,285.04 | -7,369.67 | -567,932.96 |
| Incometaxexpenses | 2,981,339.69 | 128,978.80 | 184,895.52 | 130,585.02 |
| Netprofit | 8,925,482.39 | 375,438.76 | 878,304.52 | 389,891.64 |
| Totalcomprehensiveincome | 8,925,482.39 | 375,438.76 | 878,304.52 | 389,891.64 |
Othernotes:
(3)MainFinancialInformationofSignificantAssociatedEnterprise
Unit:RMB
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod |
Othernotes:
(4)SummaryFinancialInformationofInsignificantJointVenturesorAssociatedEnterprises
Unit:RMB
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |
| Jointventure: | -- | -- |
| Sumcalculatedbyshareholdingratioofeachitem | -- | -- |
| Associatedenterprises: | -- | -- |
| Sumcalculatedbyshareholdingratioofeachitem | -- | -- |
Othernotes:
(5)NotetotheSignificantRestrictionsontheAbilityofJointVenturesorAssociatedEnterprisestoTransferFundstotheCompany
(6)TheExcessLossofJointVenturesorAssociatedEnterprises
Unit:RMB
Name
| Name | Thecumulativerecognizedlossesinpreviousaccumulativelyderecognized | Thederecognizedlosses(ortheshareofnetprofit)inReportingPeriod | TheaccumulativeunrecognizedlossesinReportingPeriod |
Othernotes:
(7)TheUnrecognizedCommitmentRelatedtoInvestmenttoJointVentures
(8)ContingentLiabilitiesRelatedtoInvestmenttoJointVenturesorAssociatedEnterprises
4.SignificantCommonOperation
| Name | Mainoperatingplace | Registrationplace | Natureofbusiness | Proportion/Shareportion | |
| Directly | Indirectly | ||||
Notestoholdingproportionorshareportionincommonoperationdifferentfromvotingproportion:
Forcommonoperationasasingleentity,basisofclassifyingascommonoperationOthernotes:
5.EquityintheStructuredEntityExcludedintheScopeofConsolidatedFinancialStatements
Notestothestructuredentityexcludedinthescopeofconsolidatedfinancialstatements:
6.OtherX.RisksAssociatedwithFinancialInstruments
TheCompanyisengagedinriskmanagementtoachievebalancebetweenrisksandreturns,minimizingthenegativeeffectsofrisksonitsoperationperformanceandmaximizingtheinterestsofitsshareholdersandotherequityinvestors.Basedonthatriskmanagementgoal,thefundamentalstrategyofitsriskmanagementistoidentifyandanalyzevariousrisksfacingtheCompany,establishanappropriateriskbottomline,carryoutriskmanagementandmonitorvariousrisksinatimelyandreliablemannertocontrolthemwithinarestrictedscope.
TheCompanyfacesvariousrisksrelatedtofinancialinstrumentsinitsroutineactivities,mainlyincludingcreditrisk,liquidityriskmarketrisk.Themanagementhasreviewedandapprovedthepoliciesofmanagingthoserisks,whicharesummarizedasfollows.
i.Creditrisk
Creditriskmeanstheriskoffinanciallossesincurredtotheotherpartywhenonepartyofafinancialinstrumentisunabletofulfillitsobligations.
1.CreditRiskManagementPractice
(1)CreditRiskEvaluationMethodOneachbalancesheetdate,theCompanyshallevaluatewhetherthecreditriskofrelevantfinancialinstrumentshasincreasedsignificantlysincetheinitialrecognition.Afterdeterminingwhetherthecreditriskhasincreasedsignificantlysincetheinitialrecognition,theCompanyshallconsiderobtainingreasonableandreliableinformationwithoutpayingunnecessaryextracostsorefforts,includingqualitativeandquantitativeanalysisbasedonhistoricaldata,externalcreditriskratingandforward-lookinginformation.Onthebasisofthesinglefinancialinstrumentorcombinationoffinancialinstrumentswithsimilarcreditriskcharacteristics,theCompanycomparestheriskofdefaultoffinancialinstrumentsonthebalancesheetdatewiththeriskofdefaultontheinitialrecognitiondatetodeterminethechangeofdefaultriskoffinancialinstrumentsduringtheirexpectedduration.
Whenoneormoreofthefollowingquantitativeandqualitativecriteriaprevails,theCompanyshallbelievethecreditriskoffinancialinstrumentshasincreasedsignificantly:
1)Forthequantitativestandard,itcanbemainlyanalyzedfromtheprobabilityofdefaultfortheremainingdurationonthebalancesheetdaterisesbymorethanacertainproportioncomparedwiththeinitialconfirmation.
2)Forthequalitativestandard,itcanbemainlyanalyzedfromthemajoradversechangesinthedebtor'soperationorfinancialsituation,changesinexistingorexpectedtechnology,market,economyorlegalenvironmentwhichshallhavemajoradverseimpactsonthedebtor’srepaymentabilityoftheCompany,etc.
3)Theupperlimitisthatthedebtor’scontractpayment(includingprincipalandinterest)isoverdueformorethan90days.
(2)DefinitionofDefaultandCreditImpairment-Assets
Whenafinancialinstrumentmeetsoneormoreofthefollowingconditions,theCompanyshalldefinethefinancialassetashavingdefaulted,anditscriteriaareconsistentwiththedefinitionofhavingincurredcreditimpairment:
1)QuantitativeStandard
Thedebtorfailstomakethepaymentafterthecontractpaymentdateformorethan90days;
2)Qualitativecriteria
a)Thedebtorhasmajorfinancialdifficulties;
b)Thedebtorviolatesthebindingprovisionsonthedebtorinthecontract;
c)Thedebtorislikelytogobankruptorcarryoutotherfinancialrestructurings;
d)Thecreditorshallgivethedebtorconcessionsthatwillnotbemadeinanyothercircumstancesduetotheeconomicorcontractualconsiderationsrelatedtothedebtor'sfinancialdifficulties.
2.MeasurementofExpectedCreditLoss
Thekeyparametersformeasuringexpectedcreditlossincludeddefaultprobability,lossgivendefaultandexposureatdefault.TheCompanyconsidersthequantitativeanalysisandforward-lookinginformationofhistoricalstatisticaldata(suchascounterpartyrating,guaranteemethod,collateraltype,repaymentmethod,etc.)toestablishexposuremodelsofdefaultprobability,lossgivendefault,anddefaultrisk.
3.RefertoNoteVI-1,VI-2,VI-9fordetailsofthereconciliationstatementsofbeginningbalanceandendingbalanceoffinancialinstrumentlossprovision.
4.CreditRiskExposureandCreditRiskConcentration
TheCompany’screditriskmainlycomesfrommonetaryassetsandaccountsreceivable.Tocontroltheaforementionedrelevantrisks,theCompanyhasadoptedthefollowingmeasures.
(1)Monetaryassets
TheCompanyplacesitsmonetaryassetswithfinancialinstitutionsofhighcreditratings.Thus,itscreditriskislow.
(2)AccountsreceivableTheCompanyconductscreditassessmentsonthecustomerstradinginthemodeofcreditonaregularbasis.Basedonthecreditassessmentresult,theCompanychoosestotradewithrecognizedcustomerswithgoodcreditandmonitorthebalanceoftheaccountsreceivablefromthemtoensurethattheCompanywillnotfaceanysignificantbaddebtrisk.
DuetotheCompanymerelytradeswiththeauthorizedthirdpartywithgoodcredit,theguaranteeisnotrequired.Creditriskconcentrationismanagedinaccordancewiththecustomers.Asat31December2021,therewerecertaincreditconcentrationrisksintheCompany,and57.71%oftheaccountsreceivableoftheCompany(55.41%on31December2020)camefromthetop5customersbybalance.TheCompanyhasn’theldanyguaranteeorothercreditenhancementforbalanceofaccountsreceivable.
ThemaximumcreditriskexposuretheCompanyundertookshallbethecarryingvalueofeachfinancialassetonbalancesheet.
ii.Liquidityrisk
LiquidityriskreferstotheriskoffundshortageoccurringwhentheCompanyfulfillsthesettlementobligationinthemodeofcashdeliveryorotherfinancialassets.Liquidityriskmayoriginatefromthefailuretosellfinancialassetsatfairvalueassoonaspossible;orfromtheotherparty’sfailuretopayoffitscontractualdebts;orfromtheearliermaturityofdebts;orfromthefailuretogeneratetheexpectedcashflow.
Tocontroltherisk,theCompanycomprehensivelyadoptsbankloansasfinancingapproach,appropriatelycombineslong-termandshort-termfinancingmodesandoptimizesthefinancingstructuretomaintainthebalancebetweenfinancingsustainabilityandflexibility.TheCompanyhasobtainedthelineofcreditfromanumberofcommercialbankstosatisfyitsoperationfundneedsandcapitalexpenditure.
Financialliabilitiesclassifiedbyremainingmaturity
Item
| Item | Endingbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Over3years | |
| Bankingborrowings | 3,524,500,000.00 | 4,061,471,066.60 | 181,841,910.20 | 3,473,322,700.29 | 406,306,456.11 |
| Accountspayable | 337,126,528.68 | 337,126,528.68 | 337,126,528.68 | ||
| Otherpayables | 959,398,886.29 | 959,398,886.29 | 947,196,210.25 | 12,202,676.04 | |
| Currentportionofothernon-currentliabilities | 68,984,050.47 | 68,984,050.47 | 68,984,050.47 | ||
| Total | 4,890,009,465.44 | 5,426,980,532.04 | 1,535,148,699.60 | 3,473,322,700.29 | 418,509,132.15 |
(Continued)
| Item | Endingbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Over3years | |
| Bankingborrowings | 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 | 847,142,613.09 | 847,142,613.09 | 834,939,937.05 | 12,202,676.04 | |
| Currentportionof | 36,722,824.88 | 36,722,824.88 | 36,722,824.88 | ||
othernon-currentliabilities
| othernon-currentliabilities | |||||
| Total | 4,939,935,123.62 | 5,666,680,310.82 | 1,523,945,904.17 | 499,101,299.39 | 3,643,633,107.26 |
iii.MarketriskMarketriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketprices.Marketriskmainlyincludesinterestrateriskandforeignexchangerisk.
1.InterestrateriskInterestrateriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketinterestrates.Interest-bearingfinancialinstrumentswithfixedinterestratesmaybringthefairvalueinterestraterisktotheCompany,whilethosewithfloatinginterestratemaybringthecashflowinterestraterisktotheCompany.TheCompanywilldeterminetheproportionbetweenthefinancialinstrumentswithfixedinterestrateandthosewithfloatinginterestrateincombinationwithmarketenvironment,andmaintainanappropriateportfoliooffinancialinstrumentsthroughregularreviewandmonitoring.TheinterestrateriskofcashflowsfacingtheCompanyismainlyrelatedtothebankloanscalculatedbyfloatinginterestrateoftheCompany.
Asat31December2021,undertheassumptionofotherfixedvariableswith50basispointschangedininterestrate,thebankloanofRMB3,587,800,000.00(RMB3,618,800,000.00on31December2020)calculatedatfloatingratewouldnotresultinsignificantinfluenceontotalprofitandshareholders’equityoftheCompany.
2.Foreignexchangerisk
Foreignexchangeriskreferstotheriskthatmayleadtothechangesoffairvalueoffinancialinstrumentsorfuturecashflowsduetofluctuationinexchangerate.TheriskofchangesofexchangeratefacingtheCompanyismainlyrelatedtoforeigncurrencymonetaryassetsandliabilitiesoftheCompany.TheCompanyoperatesinmainlandChina,andthemainactivitiesarerecordedbyRMB.Thus,theforeignexchangemarketriskundertakenisinsignificantfortheCompany.XI.DisclosureofFairValue
1.EndingFairValueofAssetsandLiabilitiesatFairValue
Unit:RMB
| Item | Endingfairvalue | |||
| Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
| I.Consistentfairvaluemeasurement | -- | -- | -- | -- |
| (III)Otherequityinstrumentinvestment | 1,002,551.95 | 1,002,551.95 | ||
| Thetotalamountofassetsconsistentlymeasuredatfairvalue | 1,002,551.95 | 1,002,551.95 | ||
| II.Inconsistentfair | -- | -- | -- | -- |
valuemeasurement
2.Basisfordeterminingthemarketpriceofcontinuousandnon-continuousLevel1fairvaluemeasurementitemsOtherequityinstrumentsheldbytheCompanybelongtostocksoflistedcompany,ofwhichtheclosingpriceofstockexchangeonDecember31,2021shallberegardedasthefairvalue.
3.Continuousandnon-continuousLevel2fairvaluemeasurementitems,valuationtechniquesused,andthequalitativeandquantitativeinformationofimportantparameters
4.Continuousandnon-continuousLevel3fairvaluemeasurementitems,valuationtechniquesused,andthequalitativeandquantitativeinformationofimportantparameters
5.Continuousandnon-continuousLevel3fairvaluemeasurementitems,informationontheadjustmentbetweentheopeningandclosingcarryingvalue,andsensitivityanalysisofunobservableparameters
6.ExplaintheReasonforConversionandtheGoverningPolicywhentheConversionHappensifConversionHappensamongConsistentFairValueMeasurementItemsatDifferentLevels
7.ChangesintheValuationTechniqueintheCurrentPeriodandtheReasonforSuchChanges
8.Thefairvalueoffinancialassetsandfinancialliabilitiesnotmeasuredatfairvalue
9.Others
XII.RelatedPartyandRelated-partyTransactions
1.InformationRelatedtotheCompanyastheParentoftheCompany
valuemeasurementName
| Name | Registrationplace | Natureofbusiness | Registeredcapital | ProportionofshareheldbytheCompanyastheparentagainsttheCompany(%) | ProportionofvotingrightsownedbytheCompanyastheparentagainsttheCompany(%) |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Shenzhen | Limitedliabilitycompany(solely-ownedbythestate) | RMB28,009million | 56.96% | 56.96% |
Notes:informationontheCompanyastheparent
(1)TheparentcompanyoftheCompanyisShenzhenInvestmentHoldingsCo.,Ltd.(hereinafterreferredtoas"SIHC"),anewly-establishedandorganizedstate-ownedcapitalinvestmentcompanybasedontheoriginalthreestate-ownedassetsmanagementcompaniesinOctober2004,anditsmainfunctionistomanagethepartialmunicipalstate-ownedcompaniesaccordingtothe
authorizationofMunicipalSASAC.Asagovernmentdepartment,ShenzhenState-ownedAssetsSupervisionandAdministrationBureaumanagesShenzhenInvestmentHoldingsCo.,Ltd.onbehalfofPeople’sGovernmentofShenzhenMunicipality.
(2)DuringtheReportingPeriod,SIHC,thecontrollingshareholderoftheCompany,transferred38,037,890commonsharesoftheCompanyinunlimitedcirculation(representing6.382%ofthetotalsharecapitaloftheCompany)heldbySIHCtoShenzhenState-ownedEquityManagementCo.,Ltd.forfreetoreplenishthesocialsecurityfunds.ShenzhenState-ownedEquityManagementCo.,Ltd.isanewly-establishedwholly-ownedsubsidiaryofSIHCtomanagethetransferredstate-ownedequityinaspecialaccount.Aftertheregistrationofthefreetransfer,SIHCheld301,414,637sharesoftheCompany,accountingfor50.575%ofthetotalsharecapitaloftheCompany,andShenzhenState-ownedEquityManagementCo.,Ltd.held38,037,890sharesoftheCompany,accountingfor6.382%ofthetotalsharecapitaloftheCompany.ThefinalcontrolleroftheCompanyisShenzhenState-ownedAssetsSupervisionandAdministrationCommitteeofShenzhenGovernment.Othernotes:
2.SubsidiariesoftheCompanyRefertoNoteIX-1.
3.InformationontheJointVenturesandAssociatedEnterprisesoftheCompanyRefertoNoteIX-3.Informationonotherjointventureorassociatedenterpriseofoccurringrelated-partytransactionswiththeCompanyinReportingPeriod,orformingbalanceduetorelated-partytransactionsmadeinpreviousperiod:
Name
| Name | RelationshipwiththeCompany |
Othernotes:
4.InformationonOtherRelatedParties
| Name | RelationshipwiththeCompany |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Wholly-ownedsubsidiaryofShenzhenBayTechnologyDevelopmentCo.,Ltd. |
| ShenzhenXinhaiHoldingCo.,Ltd. | TheCompanyastheparentofXinhaiRongyaoofsubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | SubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | JointventureoftheCompany |
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | JointventureoftheCompany |
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | AssociatedenterpriseoftheCompany |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Parentcompany'sgrandsoncompany |
GuosenSecuritiesCo.,Ltd.
| GuosenSecuritiesCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenyueUnitedInvestmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Wholly-ownedparentcompany'sgrandsoncompany |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Wholly-ownedparentcompany'sgrandsoncompany |
| ShenzhenInfinovaLimited | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Wholly-ownedparentcompany'sgrandsoncompany |
| ShenzhenTianjunIndustrialCo.,Ltd. | Parentcompany'sgrandsoncompany |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | Parentcompany'sgrandsoncompany |
| ShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| GUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | SubsidiaryoftheCompanyastheparentoftheCompany |
Othernotes:
5.ListofRelated-partyTransactions
(1)InformationonAcquisitionofGoodsandReceptionofLaborServiceInformationonacquisitionofgoodsandreceptionoflaborservice
Unit:RMB
| Relatedparty | Content | Amountofthecurrentperiod | Theapprovaltradecredit | Whetherexceedtradecreditornot | Amountofthepreviousperiod |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Managementservicefee | 79,121,747.44 | 80,000,000.00 | No | 64,609,934.18 |
| ShenzhenGeneralInstituteof | Projectarchitectural | 4,160,439.35 | 3,326,087.00 |
ArchitecturalDesignandResearchCo.,Ltd.
| ArchitecturalDesignandResearchCo.,Ltd. | designplan | |
| ShenzhenInfinovaLimited | Intelligentengineeringexpense | 816,303.96 |
| GUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | Insurance | 1,621,506.37 |
Informationofsalesofgoodsandprovisionoflaborservice
Unit:RMB
| Relatedparty | Content | Amountofthecurrentperiod | Amountofthepreviousperiod |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Propertyservicefee | 1,592,696.30 | 1,432,390.32 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Propertyservicefee | 56,337,675.04 | 47,871,320.92 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Consultantservicefee | 541,666.98 | |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 6,826,046.08 | 5,688,129.37 |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Propertyservicefee | 2,457,527.74 | 2,072,632.08 |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Consultantservicefee | 1,980,443.98 | 70,679.25 |
| GuosenSecuritiesCo.,Ltd. | Propertyservicefee | 1,188,060.37 | |
| ShenzhenInfinovaLimited | Propertymanagementfees | 286,508.61 | |
| ShenzhenShenyueUnitedInvestmentCo.,Ltd. | Propertyservicefee | 4,426,434.93 | |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | Propertyservicefee | 431,567.61 | |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Propertyservicefee | 202,133.32 | |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | Propertyservicefee | 1,778,221.08 | |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | Propertyservicefee | 669,875.70 |
Notesonacquisitionofgoodsandreceptionoflaborservice
(2)InformationonRelated-partyTrusteeship/Contract
Listsoftrusteeship/contract:
Unit:RMB
Nameoftheentruster/contractee
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | IncomerecognizedinthisReportingPeriod |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | ShenZhenProperties&ResourcesDevelopment(Group)Ltd. | InvestmentProperties | 6November2019 | 5November2025 | Marketpricing | 68,272,070.15 |
Notes:
Listsofentrust/contractee
Unit:RMB
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | ChargerecognizedinthisReportingPeriod |
Notes:
(3)InformationonRelated-partyLeaseTheCompanywaslessor:
Unit:RMB
| Nameoflessee | Categoryofleasedassets | TheleaseincomeconfirmedintheReportingPeriod | Theleaseincomeconfirmedinthesameperiodoflastyear |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | InvestmentProperties | 504,175.20 | |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | InvestmentProperties | 616,214.13 |
TheCompanywaslessee:
Unit:RMB
| Nameoflessor | Categoryofleasedassets | TheleasefeeconfirmedintheReportingPeriod | Theleasefeeconfirmedinthesameperiodoflastyear |
ShenzhenShentouPropertyDevelopmentCo.,Ltd.
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | InvestmentProperties | 277,153.80 | 380,681.16 |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | InvestmentProperties | 50,400.00 |
Notes:
(4)InformationonRelated-partyGuaranteeTheCompanywasguarantor:
Unit:RMB
| Securedparty | Amountofguarantee | Startdate | Enddate | Executionaccomplishedornot |
TheCompanywassecuredparty
Unit:RMB
| Guarantor: | Amountofguarantee | Startdate | Enddate | Executionaccomplishedornot |
Notes:
(5)InformationonInter-bankLendingofCapitalofRelatedParties
Unit:RMB
| Relatedparty | Amount | Startdate | Maturitydate | Note |
| Borrowing | ||||
| Lending | ||||
(6)InformationonAssetsTransferandDebtRestructuringbyRelatedParty
Unit:RMB
| Relatedparty | Content | Amountofthecurrentperiod | Amountofthepreviousperiod |
(7)InformationonRemunerationforKeyManagementPersonnel
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Remunerationforkeymanagementpersonnel | 15,959,991.00 | 16,452,700.40 |
(8)OtherRelated-partyTransactions
6.AccountsReceivableandPayableofRelatedParty
(1)AccountsReceivable
Unit:RMB
Project
| Project | Relatedparty | Endingbalance | Beginningbalance | ||
| Carryingbalance | Baddebtprovision | Carryingbalance | Baddebtprovision | ||
| AccountsReceivable | ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 112,281,758.95 | 3,368,452.77 | 60,785,587.08 | 1,823,567.61 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 2,221,584.63 | 66,647.54 | 1,465,286.24 | 43,958.59 | |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 2,038,315.65 | 75,908.99 | 583,120.29 | 17,493.61 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 494,774.12 | 20,087.62 | 8,357,589.14 | 250,727.67 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 3,618,388.27 | 108,551.65 | |||
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | 28,814.40 | 864.43 | |||
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 90,000.00 | 2,700.00 | |||
| ShenzhenConvention& | 1,170,565.00 | 48,987.95 | |||
ExhibitionCenterManagementCo.,Ltd.
| ExhibitionCenterManagementCo.,Ltd. | |||||
| ShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | 101,072.00 | 3,032.16 | |||
| ShenzhenTotalLogisticsServiceCo.,Ltd. | 395,202.42 | 11,856.07 | |||
| Total | 122,440,475.44 | 3,707,089.18 | 71,191,582.75 | 2,135,747.48 | |
| Prepayments | ShenzhenShenfubao(Group)Co.,Ltd. | 42,726,200.00 | |||
| Total | 42,726,200.00 |
OtherReceivables
| OtherReceivables | ShenzhenXinhaiHoldingCo.,Ltd. | 401,499,990.18 | 6,044,999.71 | 401,499,990.18 | |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | 355,026,166.83 | 10,650,785.01 | 330,472,932.33 | ||
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 11,809,060.35 | 419,496.75 | 931,784.90 | 27,953.55 | |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | 8,430,575.27 | 252,917.26 | |||
| ShenzhenTianjunIndustrialCo.,Ltd. | 10,000,000.00 | ||||
| Shenzhen | 109,148.44 | 46,829.92 | 109,148.44 | 46,829.92 |
InvestmentHoldingsCo.,Ltd.
| InvestmentHoldingsCo.,Ltd. | |||||
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 20,420.00 | 612.60 | 138,689.46 | 110,951.57 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 81,233.00 | 81,233.00 | |||
| Total | 788,723,858.32 | 19,244,138.50 | 734,899,809.56 | 1,932,999.29 |
(2)AccountsPayable
Unit:RMB
| Project | Relatedparty | Closingbookbalance | Beginningcarryingamount |
| Accountspayable | ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 887,042.50 | 1,338,025.92 |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 252,198.81 | ||
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | 1,138,999.82 | ||
| Total | 2,278,241.13 | 1,338,025.92 | |
| Otherpayables | ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 10,874,467.40 | 14,781,098.23 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 90,354,189.38 | 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.(Tian’anCompany) | 5,214,345.90 | 5,214,345.90 |
ShenzhenInvestmentHoldingsCo.,Ltd.
| ShenzhenInvestmentHoldingsCo.,Ltd. | 769,277.91 | ||
| ShenzhenInfinovaLimited | 144,219.02 | ||
| GuosenSecuritiesCo.,Ltd. | 228,813.86 | ||
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 535,734.00 | ||
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 654,786.00 | ||
| Total | 147,933,250.79 | 86,097,176.01 |
7.CommitmentsofRelatedParty
8.Other
XIII.StockPayment
1.Theoverallsituationofshare-basedpayments
□Applicable√Notapplicable
2.Equity-settledshare-basedpayments
□Applicable√Notapplicable
3.Cash-settledshare-basedpayments
□Applicable√Notapplicable
4.Modificationandterminationofshare-basedpayments
5.Others
XIV.CommitmentsandContingency
1.SignificantCommitmentsSignificantcommitmentsonbalancesheetdate
1.Signedlargeamountcontractunderperformingortobeperformed
| Item | Amountofcurrentperiod | Sameperiodoflastyear |
| Largeamountcontractsignedbuthasn’tbeenrecognizedinfinancialstatements |
—Largeamountcontract
| —Largeamountcontract | 136,224,550.92 | 18,400,472.41 |
2.Contingency
(1)SignificantContingencyonBalanceSheetDate
(1)TheactionabouttransferringJiabinBuildingcontentiousmatterIn1993,theCompanysignedRightofDevelopmentTransferContractofJiabinBuildingwithShenzhenJiyongPropertyDevelopmentCo.,Ltd.(hereinafterreferredtoas“JiyongCompany”).Sincethecontractwasnoteffectivelyexecuted,theCompanysubsequentlyfiledaseriesoflawsuitsagainstthepartiesinvolvedintheproject,buttheoutcomewasnotfavorabletotheCompany.Therefore,theCompanycalculatedandwithdrewbad-debtprovisionsforaccountsreceivablefromJiyongCompanyinfullinpastyearsforthetransferofJiabinBuilding.On31October2018,ShenzhenIntermediatePeople’sCourtmadeacivilawardandruledthattheCompany’sapplicationforthebankruptcyofJiyongCompanywouldnotbeaccepted.TheCompanyappealedagainsttheruling.On29April2019,theGuangdongProvincialHigherPeople'sCourtruledtorejecttheCompany'sappealandmaintaintheoriginalruling.Asoftheissuancedateofthereport,thereisnonewprogressinthecase.
(2)Thecontentiousmattersinvolvedwithallrenovations,decorations,equipmentandfacilitiesinthefloors5-8ofHaiwaiLianyiBuilding
In2008,ShenzhenHailianGuestHouse,asubsidiaryoftheCompany,signedtheInternalContractofHailianGuestHouse,HouseLeasingContractwithCaiBaolin,obtainedtheuserightoftheroomsonthefloors5-8ofHaiwaiLianyiBuildingaccordinglyandfurtherestablishedShenzhenHailianHotelCo.,Ltd.forbusinessoperationoftherooms.Fortheabove-mentionedcontractswereterminated,CaiBaolinbroughtacivillawsuitagainstShenzhenHailianGuestHouse,ShenzhenJinhailianPropertyManagementCo.,Ltd.(“Jinhailian”)onalloftherenovation,decoration,equipmentandfacilitiesmadeandinstalledintherooms.ThePeople’sCourtatLuohuDistrict,ShenzhenCityissuedtheciviljudgment(2019)Yue0303MinChu4458on26December2019andorderedJinhailiantoaccepttherenovation,decoration,equipmentandfacilitiesremainingonthefloors5-8ofHaiwaiLianyiBuildingbytheplaintiffCaiBaolinwithintendaysafterthejudgmentbecameeffective,andJinhailianshouldpaytheresidualvalueRMB2,396,947.00andCaiBaolinhadnorighttotheaboveassets.Thisyear,JinhailianpaidlitigationcompensationofRMB983,897.50andstillneedstopayRMB1,413,049.50forcompensation.
(3)ThearbitrationcaseofpropertycontractdisputeofSoftwareParkPhaseIbetweentheFourthOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark(Applicant)andShenzhenITCTechnologyParkServiceCo.,Ltd.(Respondent1,hereinafterreferredtoasthe"ITCTechnologyParkCompany"),plustheHigh-techZoneBranchofShenzhenITCTechnologyParkServiceCo.,Ltd.(Respondent2,hereinafterreferredtoasthe"High-techZoneBranch").
InFebruaryandMarch2021,theHigh-techZoneBranchandtheITCTechnologyParkCompanyreceivedarbitrationnoticesrespectivelyofthecase[2021]ShenguozhongshouNo.541and[2021]ShenguozhongshouNo.1063.TheFourthOwners'CommitteeofShenzhenNanshanDistrictSoftwareParkappliedforthefollowingaward:Respondent1shallreturnRMB9,893,677.82andfundoccupationfeeofRMB3,272,665.99(temporarilycalculatedfrom1July2012to31January2021),totalingRMB13,166,343.81;respondent1shallbeartheattorney'sfeeofRMB30,000.00;respondent2shallreturnRMB31,077,017.59andRMB635,929.44offundoccupationfee(temporarilycalculatedfrom1July2020to31January2021),totalingRMB30,000.00;respondent2shallbeartheattorney'sfeeofRMB30,000.00.ThetotalamountoftheaboveisRMB45,209,290.84.
Thefirstsessionofthearbitrationhasbeenconcluded,andthepartiestothearbitrationhavedisputedthenumberofamountsinvolvedandhaveappliedforanauditbyathird-partyauditor.Theaudithasnowbeencompletedandfeedbackisbeingsoughtfrombothpartiestothedispute,andthefinalauditreportwillbeissuedshortly.AsattheissuancedateoftheReport,theauditorshavenot
issuedtheformalreport.
(4)ThecontentiousmattersconcerningthedisputebetweenShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.(plaintiff)andShenzhenHerunxiangTradeCo.,Ltd.(defendant)overthecompensationcontractofpropertydemolitionandrelocationOn31December2019,fortheimplementationoftheurbanrenewalprojectofBanglingAreaonGuanlanStreetinShenzhenLonghuaDistrict,ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.(hereinafterreferredtoas"RongyaoRealEstate")andShenzhenHerunxiangTradeCo.,Ltd.(hereinafterreferredtoas"Herunxiang")signedtheAgreementofRelocationCompensationontheUrbanRenewalProjectofBanglingAreafromGuanlanOfficeofShenzhenLonghuaDistrict.Uptonow,HerunxianghasnotfulfilledtheAgreementandcooperatedwithRongyaoRealEstateinhandlingthecancellationproceduresforthecertificateofrealestateownershipoftherelocatedproperty,whichhasseriouslydamagedthelegitimaterightsandinterestsofRongyaoRealEstate.Therefore,RongyaoRealEstatehasfiledalawsuitwiththecourt,andrequiredHerunxiangtocooperateinhandlingthecancellationproceduresinvolvingtheWanfaFurnitureTownlocatedinGuihuaVillage,GuanlanStreet,LonghuaDistrict,Shenzhen,whichincludesthehousepropertyofthe1and2/FinBuilding1,the1,2and3/FinBuilding2,the1,2,3and4/FinBuilding3,andbearingtherelevanttaxes.ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.hastakenpropertypreservationmeasuresagainstShenzhenHerunxiangTradeCo.,Ltd.(Note:AccordingtotheAgreementofRelocationCompensationontheUrbanRenewalProjectofBanglingAreafromGuanlanOfficeofShenzhenLonghuaDistrictsignedbyRongyaoRealEstateandHerunxiang,thegrosspriceoftheaforementionedrelocatedpropertiesisRMB200million)
(5)ThecaseofexecutionobjectionofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.
Inhandlingthecaseofprivateloandispute(involvinganamountofaboutRMB19million)betweentheplaintiffZhouGuohananddefendantsZhangZhulin,ChenSaifengandShenfatArtsCraftsRosewood(Shenzhen)JointStockLimitedCompany(hereinafterreferredtoas"ShenfatRosewood"),theQianhaiCourtissuedtheNoticeofPropertySequestration([2021]Yue0391ZhibaoNo.238-1)on5June2021,inwhichtheShenfatRosewood'slandandplantslocatedinTonggudi,BanglingVillagerGroup,GuihuaVillage,GuanlanStreet,Bao'anDistrict,Shenzhen(i.e.192GuihuaRoad,GuanlanStreet)wouldbesealedupforthreeyearsfromMarch12,2021,togetherwiththerightsandinterestsduringtheresidualusefullifeofthelandandtheownershipofthebuildingsandappurtenancesontheland(theillegalbuildings'codeare508-0405-11220-B,508-0405-11007-B,508-0405-11013-B,508-0405-11008-Band508-0405-11010-Brespectively).
OnJuly16,2021(accordingtothecasefilingtime),HerunxiangfiledanexecutionobjectiontotheQianhaiCourtonthepropertysequestration.TheQianhaiCourt,on30September2021,issuedtheApplicationforExecution([2021]Yue0391ZhiyiNo.
228),rejectingtheexecutionobjectionofHerunxiang.HerunxiangrefusedtoaccepttherulingandfiledalawsuitoftheexecutionobjectionwiththeQianhaiCourton3November2021(accordingtothecasefilingtime),whichhasbeenacceptedbytheQianhaiCourt.
EarlyinSeptember2021,RongyaoRealEstateformallyfiledanobjectionagainstthesequestrationexecutionwiththeQianhaiCourt(thecasewasfiledon13September).TheQianhaiCourtissuedtheApplicationforExecution([2021]Yue0391ZhiyiNo.289)on9December2021,rulingto"suspendtheexecutionofpropertypreservationalreadycarriedoutbytheQianhaiCourt".ZhouGuohanrefusedtoaccepttherulingandfiledalawsuitoftheexecutionobjectionwiththeQianhaiCourton29December2021.Thecasewillbeheardat14:30PMon25April2022.
(6)Others
Asarealestatedeveloper,theCompanyprovidesmortgageloanguaranteesandpaysloandepositsforcommercialhousingpurchasersaccordingtotheoperationpracticeoftherealestateindustry.By31December2021,thebalanceofthedepositnotdischargedwithguaranteewasRMB1,127,757.03,whichwouldbedischargedwhenthemortgageloansarepaidoff.
(2)ExplanationshallbegivenevenifthereisnosignificantcontingencyfortheCompanytodisclose
TherewasnosignificantcontingencyintheCompanytodisclose.
3.Others
XV.EventsafterBalanceSheetDate
1.Significantnon-adjustmentmatters
Unit:RMB
Item
| Item | Contents | Influencenumbertothefinancialpositionandoperatingresults | Reasonofinabilitytoestimateinfluencenumber |
2.DistributionofProfit
Unit:RMB
| Profitordividendtobedistributed | 405,265,782.56 |
| Profitordividendannouncedtoissueafterreviewandapproval | 405,265,782.56 |
3.SalesReturn
4.NotestoOtherEventsafterBalanceSheetDate(I)DistributionofprofitafterthebalancesheetdateOn29March2022,the8thmeetingofthe10thBoardofDirectorsoftheCompanyapprovedtheprofitdistributionplanfor2021asfollows:acashdividendofRMB6.80(taxincluded)forevery10sharesaretobepaidtoallshareholdersonthebasisof595,979,092sharesintotalattheendof2021.ThetotalcashdividendswillbeRMB405,265,782.56,andtheremainingundistributedprofitswillbecarriedforwardtothenextyear.TheplanwillbeimplementedafterapprovalbytheShareholders'Meeting.
(II)MattersonwinningthebidofthelanduserightOn18February2022,theCompanyandYangzhouLvfaRealEstateCo.,Ltd.,byjointbidding,wonthestate-ownedlanduserightofPlotNo.GZ342inPingshanVillage,YangzhouwithapriceofRMB835,352,910intheonlinelistingauctionofstate-ownedconstructionlanduserightinYangzhou.
(III)Thewholly-ownedsubsidiaryoftheCompanyacquired100%equityofShenzhenForeignTradePropertyManagementCo.,Ltd.On29December2021,theCompanyconvenedtheSecondExtraordinaryGeneralMeetingofShareholdersin2021,andreviewedandapprovedtheProposalontheAcquisitionof100%EquityofShenzhenForeignTradePropertyManagementCo.,Ltd.bytheWholly-ownedSubsidiaryandRelatedTransactions,inwhichthetransferconsiderationisRMB20,898,800.00.ChinaShenzhenForeignTrade(Group)Co.,Ltd.(hereinafterreferredtoasthe"ForeignTradeGroup")holds100%equityofShenzhenForeignTradePropertyManagementCo.,Ltd.,andShenzhenInvestmentHoldingsCo.,Ltd.isthecontrollingshareholderoftheCompanyandtheForeignTradeGroup,thustheForeignTradeGroupisarelatedpartyoftheCompany,andthetransaction
constitutesarelatedtransactionaccordingtotheStockListingRulesoftheShenzhenStockExchange.InFebruary2022,theequityacquisitioncompletedtheregistrationproceduresforrelevantindustrialandcommercialchanges,andobtainedtheNoticeofChange(forRecord)approvedbyShenzhenMarketSupervisionAdministration.(IV)Thewholly-ownedsubsidiaryoftheCompanyacquired100%equityofthreeenterprisesownedbyShenzhenShenfubao(Group)Co.,Ltd.On29December2021,theCompanyconvenedtheSecondExtraordinaryGeneralMeetingofShareholdersin2021,andreviewedandapprovedtheProposalontheAcquisitionof100%EquityofThreeEnterprises(ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.,andShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.)OwnedbyShenzhenShenfubao(Group)Co.,Ltd.(hereinafterreferredtoas"ShenfubaoGroup")bytheWholly-ownedSubsidiaryandRelatedTransactions,inwhichthetransferconsiderationisRMB85,452,400.00.ShenzhenInvestmentHoldingsCo.,Ltd.isthecontrollingshareholderoftheCompanyandShenfubaoGroup,thusShenfubaoGroupisarelatedpartyoftheCompany,andthetransactionconstitutesrelatedtransactionaccordingtotheStockListingRulesoftheShenzhenStockExchange.InFebruary2022,theequityacquisitioncompletedtheregistrationproceduresforrelevantindustrialandcommercialchanges,andobtainedtheNoticeofChange(forRecord)approvedbyShenzhenMarketSupervisionAdministration.
(V)Thewholly-ownedsubsidiaryoftheCompanyacquired100%equityofShenzhenPropertyManagementCo.,Ltd.On29December2021,theCompanyconvenedtheSecondExtraordinaryGeneralMeetingofShareholdersin2021,andreviewedandapprovedtheProposalontheAcquisitionof100%EquityofShenzhenPropertyManagementCo.,Ltd.bytheWholly-ownedSubsidiaryandRelatedTransactions,inwhichthetransferconsiderationisRMB196,676,700.00.ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.(hereinafterreferredtoasthe"SPG")andShenzhenSPGInvestmentCo.,Ltd.(hereinafterreferredtoasthe"SPGInvestment")hold100%equityofShenzhenPropertyManagementCo.,Ltd.ShenzhenInvestmentHoldingsCo.,Ltd.(hereinafterreferredtoasthe"SIHC")isthecontrollingshareholderoftheCompanyandtheSPG,andSPGisthecontrollingshareholderoftheSPGInvestment,thustheSPGandtheSPGInvestmentarerelatedpartyoftheCompany,andthetransactionconstitutesrelatedtransactionaccordingtotheStockListingRulesoftheShenzhenStockExchange.InFebruary2022,theequityacquisitioncompletedtheregistrationproceduresforrelevantindustrialandcommercialchanges,andobtainedtheNoticeofChange(forRecord)approvedbyShenzhenMarketSupervisionAdministration.
(VI)Mattersonapplicationforcomprehensivecreditlineandfinancinglinein2022On29March2021,the8thmeetingofthe10thBoardofDirectorsoftheCompanyapprovedtheCompany'splantoapplyforcomprehensivecreditlineandfinancingline.Withthecapitalneedsforproduction,businessoperationandinvestmentexpansionin2022,theCompanyplanstoapplyforcomprehensivecreditlineandfinancinglinetobankorother(local)financialinstitutionsbyvirtueofitsownlanduserights,buildings,equipment,inventory,rightstoearnings,andpledgeofaccountsreceivable.ThetotalamountoftheabovequotawillnotexceedRMB9.4billion(includingnew,extendedandrenewedloans),whichshallbeusedforfinancingbusinessesincludingbutnotlimitedtoimmediatefundloans,projectloans,fixedassetloans,annexationloans,guarantee,andfinancialleasing.Theactualcreditandfinancingtypes,amounts,terms,interestratesandfeesareultimatelysubjectedtothefinancinglineactuallyapprovedbyfinancialinstitutionsandotherfinancinginstitutions,orsubjectedtothefinancingagreementsactuallysigned.XVI.OtherSignificantEvents
1.TheAccountingErrorsCorrectioninPreviousPeriod
(1)RetrospectiveRestatement
Unit:RMB
Content
| Content | Processingprogram | Nameoftheinfluencedreportitemsduringcomparisonperiod | Accumulativeimpact |
(2)ProspectiveApplication
| Content | Processingprogram | Reasonforadoptingprospectiveapplication |
2.DebtRestructuring
3.AssetsReplacement
(1)Non-monetaryAssetsExchange
(2)OtherAssetsReplacement
4.PensionPlans
5.DiscontinuedOperations
Unit:RMB
| Item | Revenue | Costs | Profitbeforetaxation | Incometaxexpenses | Netprofit | ProfitfromdiscontinuedoperationsattributabletoownersoftheCompanyastheparent |
Othernotes:
6.SegmentInformation
(1)DeterminationBasisandAccountingPoliciesofReportableSegment
Inaccordancewiththeinternalorganizationstructure,managementrequirementsandinternalreportsystem,theCompanyidentifiesthereportablesegmentbasedonthebusinesssegment,andassessestheoperationalperformanceofrealestatesales,propertymanagementandcateringservice.Theassetsandliabilitiessharingwithothersegmentsshallbeproportionallydistributedamongsegmentsbyscales.
(2)TheFinancialInformationofReportableSegment
Unit:RMB
Item
| Item | Realestate | Propertymanagement | Leasingbusiness | Offsetamongsegment | Total |
| Revenue | 3,131,113,534.70 | 1,184,591,970.58 | 176,260,138.43 | 4,491,965,643.71 | |
| Operatingcost | 432,501,558.96 | 967,698,196.48 | 90,687,606.72 | 1,490,887,362.16 | |
| Totalassets | 12,478,006,632.00 | 1,392,212,021.31 | 711,678,498.45 | 14,581,897,151.76 | |
| Totalliabilities | 8,884,746,662.73 | 909,055,078.93 | 257,004,945.52 | 10,050,806,687.18 |
(3)IfThereWasNoReportableSegment,ortheTotalAmountofAssetsandLiabilitiesofEachReportableSegmentCouldNotBeReported,RelevantReasonsShallBeClearlyStated
(4)Othernotes
7.OtherSignificantTransactionsandEventswithInfluenceonInvestors’Decision-making
8.OtherXVII.NotesofMainItemsintheFinancialStatementsoftheCompanyastheParent
1.AccountsReceivable
(1)ListedbyCategory
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingbalance | Baddebtprovision | Carryingvalue | Carryingbalance | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| AccountsreceivablewithdrawalofBaddebtprovisionseparatelyaccrued | 96,702,269.40 | 97.65% | 96,702,269.40 | 100.00% | 96,702,269.40 | 97.25% | 96,702,269.40 | 100.00% | ||
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionofbygroup | 2,324,735.49 | 2.35% | 100,760.83 | 4.33% | 2,223,974.66 | 2,735,781.29 | 2.75% | 111,280.87 | 4.07% | 2,624,500.42 |
Ofwhich:
| Ofwhich: | ||||||||||
| Total | 99,027,004.89 | 100.00% | 96,803,030.23 | 97.75% | 2,223,974.66 | 99,438,050.69 | 100.00% | 96,813,550.27 | 97.36% | 2,624,500.42 |
Baddebtprovisionseparatelyaccrued:96702269.40
Unit:RMB
| Name | Endingbalance | |||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinlawsuitandwithnoexecutableproperty |
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2,836,561.00 | 100.00% | Longagingandexpectedunrecoverable |
| LuohuDistrictEconomicDevelopmentCompany | 54,380.35 | 54,380.35 | 100.00% | Longagingandexpectedunrecoverable |
| Total | 96,702,269.40 | 96,702,269.40 | -- | -- |
Baddebtprovisionseparatelyaccrued:
Unit:RMB
| Name | Endingbalance | |||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | Withdrawalreason | |
Withdrawalofbaddebtprovisionbygroup:RMB100,,760.83
Unit:RMB
| Name | Endingbalance | ||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 2,324,735.49 | 100,760.83 | 4.33% |
| Total | 2,324,735.49 | 100,760.83 | -- |
Notestothedeterminationbasisforthegroup:
Fordetails,pleaserefertothefinancialstatementinSectionXWithdrawalofbaddebtprovisionbygroup:RMB100760.83
Unit:RMB
| Name | Endingbalance | ||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | |
| Within1year(including1year) | 2,202,624.45 | 66,078.73 | 3.00% |
| 1-2years(including2years) | 9,756.09 | 975.61 | 10.00% |
| 2-3years(including3years) | 112,354.95 | 33,706.49 | 30.00% |
Total
| Total | 2,324,735.49 | 100,760.83 | -- |
Notestothedeterminationbasisforthegroup:
Withdrawalofbaddebtprovisionbygroup:
Unit:RMB
| Name | Endingbalance | ||
| Carryingbalance | Baddebtprovision | Withdrawalproportion | |
Notestothedeterminationbasisforthegroup:
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable.
□Applicable√NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingbalance |
| Within1year(including1year) | 2,202,624.45 |
| 1to2years | 9,756.09 |
| 2to3years | 112,354.95 |
| Over3years | 96,702,269.40 |
| Over5years | 96,702,269.40 |
| Total | 99,027,004.89 |
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheReportingPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
| Baddebtprovisionwithdrawnseparately | 96,702,269.40 | 96,702,269.40 | ||||
| Baddebtprovisionwithdrawnbyportfolio | 111,280.87 | -10,520.04 | 100,760.83 | |||
| Total | 96,813,550.27 | -10,520.04 | 96,803,030.23 | |||
Ofwhichsignificantamountofreversedorrecoveredbaddebtprovision:
Unit:RMB
Nameofentity
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
(3)AccountsReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Amountverified |
Ofwhichtheverificationofsignificantaccountsreceivable:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverificationofaccountsreceivable:
(4)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtoArrearsParty
Unit:RMB
| Nameofentity | Endingbalance | Proportiontototalendingbalanceofaccountsreceivable | Endingbalanceofbaddebtprovision |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 94.74% | 93,811,328.05 |
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2.86% | 2,836,561.00 |
| ShenzhenFeihuangIndustrialCo.,Ltd. | 769,919.05 | 0.78% | 23,097.57 |
| ShenzhenMeigeXiaziCateringManagementCo.,Ltd. | 542,366.40 | 0.55% | 16,270.99 |
| ShenzhenYoucuiCateringManagementCo.,Ltd. | 232,355.00 | 0.23% | 6,970.65 |
| Total | 98,192,529.50 | 99.16% | -- |
(5)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivableOthernotes:
(6)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
2.OtherReceivables
Unit:RMB
Item
| Item | Endingbalance | Beginningbalance |
| OtherReceivables | 2,412,506,681.28 | 145,325,697.20 |
| Total | 2,412,506,681.28 | 145,325,697.20 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
2)SignificantOverdueInterest
Unit:RMB
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)InformationofWithdrawalofBadDebtProvision
□Applicable√Notapplicable
(2)DividendReceivable
1)Dividendreceivableclassification
Unit:RMB
| Project(orinvestee) | Endingbalance | Beginningbalance |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Project(orinvestee) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentanditsjudgmentbasis |
3)InformationofWithdrawalofBadDebtProvision
□Applicable√NotapplicableOthernotes:
(3)OtherReceivables
1)OtherReceivablesClassifiedbyAccountNature
Unit:RMB
Nature
| Nature | Closingbookbalance | Beginningcarryingamount |
| Guaranteedeposit | 2,328,581.00 | 2,201,527.00 |
| Reservefund | ||
| Paymentonbehalf | 19,510.00 | |
| Externalintercoursefunds | 56,305,486.73 | 23,305,386.85 |
| Intercoursefundstosubsidiary | 2,386,210,528.77 | 151,970,155.85 |
| Total | 2,444,844,596.50 | 177,496,579.70 |
2)WithdrawalofBadDebtProvision
Unit:RMB
| Baddebtprovision | Stage1 | Stage2 | Stage3 | Total |
| Expectedcreditlossofthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedcreditlossesfortheentireduration(withcreditimpairment) | ||
| Balanceasat1January2021 | 15,688,940.37 | 16,481,942.13 | 32,170,882.50 | |
| Balanceof1January2021intheCurrentPeriod | —— | —— | —— | —— |
| WithdrawaloftheCurrentPeriod | 32,416.37 | 32,416.37 | ||
| ReversaloftheReportingPeriod | 134,616.35 | 134,616.35 | ||
| Balanceasat31December2021 | 15,855,973.09 | 16,481,942.13 | 32,337,915.22 |
ChangesofcarryingamountwithsignificantamountchangedoflossprovisionintheCurrentPeriod
□Applicable√NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingbalance |
| Within1year(including1year) | 2,412,547,308.07 |
| 1to2years | 69,800.00 |
Over3years
| Over3years | 32,227,488.43 |
| 3to4years | 50,000.00 |
| 4to5years | 56,962.82 |
| Over5years | 32,120,525.61 |
| Total | 2,444,844,596.50 |
3)BadDebtProvisionWithdrawn,ReversedorRecoveredintheReportingPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | ChangesintheReportingPeriod | Endingbalance | |||
| Withdrawal | Reversalorrecovery | Verification | Others | |||
| OtherReceivables | 32,170,882.50 | 32,416.37 | 134,616.35 | 32,337,915.22 | ||
| Total | 32,170,882.50 | 32,416.37 | 134,616.35 | 32,337,915.22 | ||
OfwhichthebaddebtprovisionreversedorrecoveredwithsignificantamountduringtheReportingPeriod:
Unit:RMB
| Nameofentity | Amountreversedorrecovered | Wayofrecovery |
4)ParticularsoftheActualVerificationofOtherReceivablesduringtheReportingPeriod
Unit:RMB
| Item | Amountverified |
Ofwhichtheverificationofsignificantotherreceivables:
Unit:RMB
| Nameofentity | Nature | Amountverified | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationofotherreceivables:
5)Top5oftheEndingBalanceofOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameofentity | Nature | Endingbalance | Aging | Proportiontoendingbalanceoftotalotherreceivables% | Endingbalanceofbaddebtprovision |
| DongguanWuheReal | Intercoursefundsto | 2,113,760,170.00 | Within1 | 86.46% |
EstateCo.,Ltd.
| EstateCo.,Ltd. | subsidiary | year | |||
| ShenzhenHuangchengRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 145,907,073.23 | Within1year | 5.97% | |
| ShumYipPropertiesDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 100,646,715.35 | Over5years | 4.12% | 7,011,384.95 |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 23,220,516.83 | Within1year | 0.95% | |
| ShanghaiYutongRealEstateCo.,Ltd. | Externalintercoursefunds | 5,676,000.00 | Over5years | 0.23% | 5,676,000.00 |
| Total | -- | 2,389,210,475.41 | -- | 97.72% | 12,687,384.95 |
6)AccountsReceivableInvolvingGovernmentSubsidies
Unit:RMB
| Nameofentity | Projectofgovernmentsubsidies | Endingbalance | Endingaging | Estimatedrecoveringtime,amountandbasis |
7)DerecognitionofOtherReceivablesduetotheTransferofFinancialAssets
8)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivablesOthernotes:
3.Long-termEquityInvestment
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingbalance | Impairmentprovision | Carryingvalue | Carryingbalance | Impairmentprovision | Carryingvalue | |
| Investmenttosubsidiaries | 1,127,829,880.39 | 68,364,000.00 | 1,059,465,880.39 | 1,093,829,880.39 | 68,364,000.00 | 1,025,465,880.39 |
| Investmenttojointventuresandassociatedenterprises | 69,344,295.51 | 18,983,614.14 | 50,360,681.37 | 64,693,834.93 | 18,983,614.14 | 45,710,220.79 |
| Total | 1,197,174,175.90 | 87,347,614.14 | 1,109,826,561.76 | 1,158,523,715.32 | 87,347,614.14 | 1,071,176,101.18 |
(1)InvestmenttoSubsidiaries
Unit:RMB
Investee
| Investee | Beginningbalance(carryingvalue) | Increase/decrease | Endingbalance(carryingvalue) | Endingbalanceofdepreciationreserve | |||
| Additionalinvestment | Investmentreduced | Withdrawalofimpairmentprovision | Others | ||||
| ShenzhenHuangchengRealEstateCo.,Ltd. | 35,552,671.93 | 35,552,671.93 | |||||
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | 30,950,000.00 | 14,000,000.00 | 44,950,000.00 | ||||
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. | 20,000,000.00 | 20,000,000.00 | |||||
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | 24,704,758.06 | 170,633,093.17 | 195,337,851.23 | ||||
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | 3,000,000.00 | 3,000,000.00 | |||||
SZPRDCommercialOperationCo.,Ltd.
| SZPRDCommercialOperationCo.,Ltd. | 62,821,767.90 | 687,352.42 | 63,509,120.32 | |||
| ZhanjiangShenzhenRealEstateDevelopmentCo.,Ltd. | 0.00 | 0.00 | 2,530,000.00 | |||
| ShumYipPropertiesDevelopmentCo.,Ltd. | 0.00 | 0.00 | 15,834,000.00 | |||
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | 0.00 | 0.00 | 50,000,000.00 | |||
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 508,000,000.00 | 508,000,000.00 | ||||
| ShenzhenITCTechnologyParkServiceCo.,Ltd. | 163,553,254.89 | 163,553,254.89 | ||||
| SZPRDUrbanRenewalCo.,Ltd. | 126,883,427.61 | 7,767,190.70 | 119,116,236.91 | |||
| DongguanWuheRealEstateCo.,Ltd. | 20,000,000.00 | 20,000,000.00 | ||||
| Total | 1,025,465,880.39 | 205,320,445.59 | 171,320,445.59 | 1,059,465,880.39 | 68,364,000.00 |
(2)InvestmenttoJointVenturesandAssociatedEnterprises
Unit:RMB
| Investee | Begin | Increase/decrease | Ending | Ending |
ningbalance(carryi
ngvalue)
| ningbalance(carryingvalue) | Additionalinvestment | Investmentreduced | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Otherequitychanges | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | balance(carryingvalue) | balanceofdepreciationreserve | |
| I.Jointventures | |||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 39,053,923.92 | 4,462,741.20 | 43,516,665.12 | ||||||||
| ShenzhenTian’anInternationalMansionPropertyAdministrationCo.,Ltd.(Tian’anCompany) | 6,656,296.87 | 187,719.38 | 6,844,016.25 | ||||||||
| Subtotal | 45,710,220.79 | 4,650,460.58 | 50,360,681.37 | ||||||||
| II.Associatedenterprises | |||||||||||
| ShenzhenWufangCeramicsIndustrialCo., | 18,983,614.14 | ||||||||||
Ltd.
| Ltd. | ||||||
| Subtotal | 18,983,614.14 | |||||
| Total | 45,710,220.79 | 4,650,460.58 | 50,360,681.37 | 18,983,614.14 |
(3)OtherNotes
4.OperatingRevenueandCostofSales
Unit:RMB
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Lucrativebusiness | 61,784,858.02 | 37,251,974.27 | 57,579,115.68 | 36,717,719.01 |
| Others | 18,744,743.91 | 1,319,976.00 | 6,572,253.92 | 9,031,809.00 |
| Total | 80,529,601.93 | 38,571,950.27 | 64,151,369.60 | 45,749,528.01 |
Relevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Productcategories | 80,529,601.93 | 80,529,601.93 | ||
| Ofwhich: | ||||
| Houseleasingbusiness | 80,529,601.93 | 80,529,601.93 | ||
| Classifiedbyoperatingregion | 80,529,601.93 | 80,529,601.93 | ||
| Ofwhich: | ||||
| Shenzhen | 80,529,601.93 | 80,529,601.93 | ||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Ofwhich: | ||||
| Total | 80,529,601.93 | 80,529,601.93 |
Informationaboutperformanceobligations:
Theincomeoftheparentcompanyinthisperiodwasallincomefromleasingbusiness.Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
Theamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyet
wasRMB0.00attheperiod-end,amongwhichRMBXXXwasexpectedtoberecognizedintheyear,RMBXXXintheyearandRMBXXXintheyear.Othernotes:
5.InvestmentIncome
Unit:RMB
Item
| Item | Amountofthecurrentperiod | Amountofthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 4,650,460.58 | 634,098.07 |
| Interestincomefromentrustedloans | 129,717,557.63 | 115,612,421.39 |
| Total | 134,368,018.21 | 116,246,519.46 |
6.Other
XVIII.SupplementaryMaterials
1.ItemsandAmountsofNon-recurringProfitorLoss
√Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gains/lossesfromthedisposalofnon-currentassets | -62,170.29 | |
| Governmentgrantsrecordedinthecurrentprofitorloss(exceptforthoseacquiredintheordinarycourseofcompany'sbusiness,inlinewithnationalpoliciesandregulations,orgrantedcontinuouslyaccordingtocertainstandardquotasoramounts) | 23,923,655.59 | Mainlyreceivedgovernmentgrantsrecognizedbycorporateheadquarters |
| Othernon-operatingincomeandexpenseotherthantheabove | 2,915,682.88 | |
| Otherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlosses | 169,262.03 | |
| Less:Incometaxeffects | 6,749,597.21 | |
| Non-controllinginterestseffects | 5,087.57 | |
| Total | 20,191,745.43 | -- |
Detailsofotherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlosses:
□Applicable√NotapplicableTherearenootherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlossesintheCompany.Notetodefiningthenon-recurringprofitandlossitemslistedintheExplanatoryNoticeofInformationDisclosurebyCompaniesOfferingSecuritiestothePublicNo.1-Non-recurringProfitandLossItemsasrecurringprofitandlossitems
□Applicable√Notapplicable
2.ReturnonEquityandEarningsPerShare
ProfitasofReportingPeriod
| ProfitasofReportingPeriod | WeightedaverageROE(%) | EPS | |
| EPS-basic | EPS-diluted | ||
| NetprofitattributabletoordinaryshareholdersoftheCompany | 24.69% | 1.6846 | 1.6846 |
| NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitorloss | 24.19% | 1.6507 | 1.6507 |
3.AccountingdatadifferencesunderPRCGAAPandthoseunderIFRSs
（1）DifferencesbetweendisclosednetprofitsandnetassetsinfinancialreportinaccordancewithInternationalAccountingStandardsandChineseAccountingStandards.
□Applicable√Notapplicable
（2）DifferencesbetweendisclosednetprofitsandnetassetsinfinancialreportinaccordancewithDomesticAccountingStandardsandChineseAccountingStandards.
□Applicable√Notapplicable
(3)ExplainReasonsfortheDifferencesbetweenAccountingDataunderDomesticandOverseasAccountingStandards;foranyAdjustmentMadetotheDifferenceExistingintheDataAuditedbytheForeignAuditingAgent,SuchForeignAuditingAgent’sNameShallBeClearlyStated
4.Other