SHENZHENPROPERTIES&RESOURCES
DEVELOPMENT(GROUP)LTD.
ANNUALREPORT2022
(AnnouncementNo.2023-02)
March2023
TableofContents
PartIImportantNotes,TableofContentsandDefinitions ...... 3
PartIICorporateInformationandKeyFinancialInformation ...... 6
PartIIIManagementDiscussionandAnalysis ...... 11
PartIVCorporateGovernance ...... 44
PartVEnvironmentalandSocialResponsibility ...... 68
PartVISignificantEvents ...... 71
PartVIIShareChangesandShareholderInformation ...... 85
PartVIIIPreferredShares ...... 93
PartIXBonds ...... 94
PartXFinancialStatements ...... 95
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,acashdividendofRMB3.61(taxinclusive)per10sharesistobedistributedtotheshareholders,withnobonusissuefromeitherprofitorcapitalreserves.ThisReportanditssummaryhavebeenpreparedinChineseandtranslatedintoEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
DocumentsAvailableforReference
I.ThefinancialstatementswiththesignaturesandstampsoftheCompany’slegalrepresentative,headoffinancialaffairsandheadofthefinancialdepartment;II.TheoriginaloftheIndependentAuditor’sReportwiththestampoftheCPAfirmandthesignaturesandstampsofthecertifiedpublicaccounts;andIII.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicintheReportingPeriod.
Definitions
| Term | Definition |
| The“Company”,the“Group”,“SZPRD”or“we” | ShenZhenProperties&ResourcesDevelopment(Group)Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires |
| SIHC | ShenzhenInvestmentHoldingsCo.,Ltd. |
| HuangchengRealEstate | ShenzhenHuangchengRealEstateCo.,Ltd. |
| DongguanCompany | DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. |
| XuzhouCompany | SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. |
| YangzhouCompany | SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. |
| 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 |
PartIICorporateInformationandKeyFinancialInformation
ICorporateInformation
| Stockname | PRD,PRD-B | Stockcode | 000011,200011 |
| Previousstockname(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 | 0755-82210610、82212043 | 0755-82210610、82212043 |
| Emailaddress | 000011touzizhe@szwuye.com.cn | 000011touzizhe@szwuye.com.cn |
IIIMediaforInformationDisclosureandPlacewherethisReportIsLodged
| 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 | 16A,B,C,D,EandF,SZMDFinanceCenter,southwestofjunctionofFuzhongThirdRoadandPengchengFirstRoad,FuxinCommunity,LotusStreet,FutianDistrict,Shenzhen,GuangdongProvince,China |
| Accountantswritingsignatures | ChenZihan,andZhongQinfang |
TheindependentsponsorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable?NotapplicableTheindependentfinancialadvisorhiredbytheCompanytoexerciseconstantsupervisionovertheCompanyintheReportingPeriod:
□Applicable?NotapplicableVIKeyFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.?Yes□NoReasonforretrospectiverestatement:
Businesscombinationinvolvingentitiesundercommoncontrol.
| 2022 | 2021 | 2022-over-2021change(%) | 2020 | |||
| Before | Restated | Restated | Before | Restated | ||
| Operatingrevenue(RMB) | 3,708,669,046.85 | 4,491,965,643.71 | 4,911,120,528.33 | -24.48% | 4,104,374,646.02 | 4,437,897,011.98 |
| Netprofitattributabletothelisted | 537,664,698.69 | 1,003,969,842.33 | 1,025,380,909.03 | -47.56% | 798,572,121.74 | 796,641,256.96 |
| company’sshareholders(RMB) | ||||||
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | 390,440,612.64 | 983,778,096.90 | 983,778,096.90 | -60.31% | 788,377,322.39 | 788,377,322.39 |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | 105,233,103.86 | -1,813,313,008.58 | -1,828,979,752.45 | 105.75% | 385,497,782.12 | 363,576,236.57 |
| Basicearningspershare(RMB/share) | 0.9022 | 1.6846 | 1.7205 | -47.56% | 1.3399 | 1.3367 |
| Dilutedearningspershare(RMB/share) | 0.9022 | 1.6846 | 1.7205 | -47.56% | 1.3399 | 1.3367 |
| Weightedaveragereturnonequity(%) | 12.37% | 24.69% | 24.49% | -12.12% | 23.47% | 22.53% |
| 31December2022 | 31December2021 | Changeof31December2022over31December2021(%) | 31December2020 | |||
| Before | Restated | Restated | Before | Restated | ||
| Totalassets(RMB) | 15,800,287,610.40 | 14,581,897,151.76 | 14,835,846,843.78 | 6.50% | 12,207,356,912.54 | 12,487,193,847.17 |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 4,412,555,547.97 | 4,486,110,790.39 | 4,590,052,057.75 | -3.87% | 3,727,917,440.03 | 3,860,098,688.11 |
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 | Q2 | Q3 | Q4 | |
| Operatingrevenue | 1,255,811,600.03 | 732,488,240.21 | 1,151,996,154.28 | 568,373,052.33 |
| Netprofitattributabletothelistedcompany’sshareholders | 219,440,470.15 | 31,361,687.56 | 204,943,064.95 | 81,919,476.03 |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses | 226,479,051.98 | 30,171,559.07 | 185,140,024.51 | -51,350,022.92 |
| Netcashgeneratedfrom/usedinoperatingactivities | -762,389,016.83 | 366,394,785.74 | 355,799,959.69 | 145,427,375.26 |
IndicatebytickmarkwhetheranyofthequarterlyfinancialdatainthetableaboveortheirsummationsdiffersmateriallyfromwhathavebeendisclosedintheCompany’squarterlyorinterimreports.
□Yes?No
IXExceptionalGainsandLosses
?Applicable□Notapplicable
Unit:RMB
| Item | 2022 | 2021 | 2020 | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 175,644,543.02 | -62,170.29 | -322,603.77 | Mainlylandrequisitioncompensationreceived |
| Governmentsubsidiesthroughprofitorloss(exclusiveofgovernmentsubsidiesconsistentlygivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernmentalpoliciesorstandards) | 10,633,227.34 | 23,923,655.59 | 7,100,657.34 |
| Capitaloccupationchargesonnon-financialenterprisesthatarethroughprofitorloss | 132,289.35 | |||
| Currentprofitorlossonsubsidiariesobtainedinbusinesscombinationsinvolvingentitiesundercommoncontrolfromtheperiod-beginningtocombinationdates,net | 9,596,148.16 | 21,251,005.70 | -1,930,864.78 | |
| GainorlossoncontingenciesthatdonotariseintheCompany’sordinarycourseofbusiness | 70,578.79 | -2,396,947.00 | ||
| Gainorlossonfair-valuechangesonheld-for-tradingfinancialassetsandliabilities&incomefromdisposalofheld-for-tradingfinancialassetsandliabilitiesandavailable-for-salefinancialassets | 1,300.91 | |||
| Reversedportionsofimpairmentallowancesforreceivableswhicharetestedindividuallyforimpairment | 19,900.00 | |||
| Non-operatingincomeandexpenseotherthantheabove | 2,448,235.99 | 2,915,682.88 | 9,089,508.74 | |
| Othergainsandlossesthatmeetthedefinitionofexceptionalgain/loss | 277,896.27 | 169,262.03 | 94,284.37 | |
| Less:Incometaxeffects | 51,525,180.31 | 6,749,597.21 | 3,470,226.55 | |
| Non-controllinginterestseffects(netoftax) | 54,953.47 | -154,973.43 | -80,226.22 | |
| Total | 147,224,086.05 | 41,602,812.13 | 8,263,934.57 | -- |
Particularsaboutothergainsandlossesthatmeetthedefinitionofexceptionalgain/loss:
□Applicable?NotapplicableNosuchcasesfortheReportingPeriod.ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable?NotapplicableNosuchcasesfortheReportingPeriod.
PartIIIManagementDiscussionandAnalysisIIndustryOverviewfortheReportingPeriod
TheCompanyissubjecttotheinformationdisclosurerequirementsfortherealestateindustryintheSelf-DisciplinaryandRegulatoryGuidelineNo.3oftheShenzhenStockExchangeforListedCompanies—Industry-specificInformationDisclosure.(I)Macro-economicsituationandindustrydevelopmentstatusIn2022,theChineseeconomywasundergreaterdownwardpressureduetoacontractingdomesticdemand,jarringsupplychaindisruptions,andapalpablewaningofexpectationsasaresultofmyriadfactorsincludingtheUSFederalReserve'sfluctuationswithinterestratesandaonce-in-a-centuryglobalmetamorphosis.Amidsttherosydevelopmentsstemmingfromregulatoryauthoritiesandtheconcomitantcalibrationofdemand-supplydynamicsandcreditlandscape,therealestatemarketisbesiegedbyatransitoryadjustmentquandary.Inanefforttoforestallanyhazardslurkinginthesector,policymeasuresgearedtowardsensuring"stablegrowth"arebeingexpedited.DuringMarch,aspecialmeetingwasheldbytheFinancialStabilityandDevelopmentCommitteeoftheStateCouncil,wheretheyputforthmeasurestosupportthetransitiontowardsanewdevelopmentmodel.ThroughoutthisReportingPeriod,therealestatepolicyregulation'sbedrockprinciplesof"housingisforliving,notforspeculation,"andthe"threestabilities"dictumheldfirm.Encouragingly,amultitudeofministrieschimedinwiththeirsupportfortheindustry,andcertaincitiesenactednovelpoliciestocatalyzetherealestatemarket'ssteadygrowth.Theyearunfoldedwiththesalesmarketgenerallymiredintorpor,assalesvolume,developmentinvestment,andlandsupplyanddemandalldwindled.AccordingtothedatafromtheNationalBureauofStatistics,thesalesareaofcommercialhousingthroughout2022was1,358.37millionsquaremetersnationwide,ayear-on-yeardecreaseof24.3%.Furthermore,salesrevenueplummetedtoRMB13,330.8billion,downby26.7%fromthepreviousyear.Newlybuiltresidentialandsecond-handresidentialpropertypriceswitnessedalacklustertrajectoryinthefirsthalfoftheyear,followedbyatepidphaseinthelatterhalf,withpricescontinuingtheirdownwardtrajectory.Insum,thenewhometransactionsinthetop100citiesnosedivedbyastaggering40%year-on-year,strikingtheirlowestebbsince2015.Newstartsweakenedanddevelopmentinvestmentcontinuedtofall.Throughouttheyear,atotalinvestmentofRMB13,289.5billionwascompleted,whichrepresentsa10%year-on-yeardecrease.NegativegrowthbeganinAprilduetosignificantfinancialpressurefacedbyrealestatecompanies,strictpre-saleregulations,andlowwillingnesstocommenceconstruction.Realestateenterpriseshadalowwillingnesstostartconstructionduetogreatfinancialpressureandstringentregulationofadvancesales.In2022,thetotalareaofnewconstructionwas1205.87millionsquaremeters,whichindicatesayear-on-yeardecreaseof39.4%.SinceApril,themonthlynewconstructionareahasbeendecliningbymorethan35%year-on-yearforeightconsecutivemonths,representingthelargestdropsince2016.Thenationalhousingconstructionareafortheyearwas9049.99millionsquaremeters,whichrepresentsayear-on-yeardecreaseof7.2%.Additionally,thenationalhousingcompletionareawas862.22millionsquaremeters,indicatingayear-on-yeardecreaseof15%.Landacquisitiondeceleratesassupplyanddemanddecreasetoanear-decadelow.Realestatecompanies'overalleffortstoacquirelandhavesloweddown,withthetotalamountoflandtransactionsthroughouttheyearreachingRMB916.6billion,representinganearly50%year-on-yeardecrease.Moreover,thepurchasedlandareadecreasedby53.4%year-on-yearto100.52millionsquaremeters.Therealestatemarket'scontinuousadjustmentandfinancialpressureoncompanieshaveresultedindifferentiatedmarketperformance,withlocalstate-ownedassetsbottomingout.Thegovernment'slandsupplyandthewillingnessofrealestatecompaniestoacquirelandareinsufficient,leadingtoa31.25%year-on-yeardecreaseintransactionvolume.Toalleviatethelandauctionmarket'soveralldownturn,policieshaveenteredasubstantialeasingperiodsinceApril.Localgovernmentsareoptimizinglandauctionrulesandreleasinghigh-qualitylandplotstoincreaserealestatecompanies'participationandimprovethesituationoffailedauctionsandwithdrawals.Despitetheseefforts,thelandmarketsentimentremainsgenerallylow,withapremiumrateofonly3.0%andawithdrawalrateof20.3%.
PolicySupportFailstoDriveSignificantFinancialImprovement.MeetingsandnoticesfromtheChinaSecuritiesRegulatoryCommission,theShenzhenStockExchange,andtheChinaBankingandInsuranceRegulatoryCommissioninMaymentionedsupportingreasonablefinancingneedsofrealestateenterprises.InJune,thePeople'sBankofChinaandtheStateAdministrationofForeignExchangeproposedtheneedtotimelycorrectexcessiverisk-avoidancebehavioroffinancialinstitutionsandmaintainstablerealestatefinancing.Despitetheaccelerationofmortgagelendingbybanks,theuncertaintyofeconomicrecoveryhasnegativelyimpactedhomebuyers'confidence,resultinginindividualmortgageloansamountingtoRMB2.38trillion,whichrepresentsadecreaseof26.5%.Realestatecompanies'salesrepaymentshavebeennegativelyaffectedtovaryingdegrees.ThefundsinplaceforrealestatedevelopmententerprisesthroughouttheyearreachedRMB14,897.9billion,representinga25.9%year-on-yeardecreaseaccordingtodatafromtheNationalBureauofStatistics.Althoughthecentralgovernmentandvariousministriesandcommissionshavecontinuouslyreleasedstabilizationsignalssincethesecondhalfoftheyear,thegrowthrateoffundsinplaceattheendoftheyearremainsunsatisfactory.Whilethecreditenvironmenthasmarginallyimproved,itwilltaketimeforthisimprovementtobetransmittedtothemarketend.Thearrivalofmortgageloansanddevelopmentloansstillrequirestime.(II)PolicyenvironmentoftheindustryIn2022,upholdingthefundamentalprinciplethat"housesareforlivingin,notforspeculatingon".Realestatepolicieshaveenteredacomprehensiveeasingcycle,withregulatoryauthoritiesintroducingfavorablepoliciesthatbenefitboththedemandandenterprisesides.Thestrengthofpolicieshasincreased,allowinglocalgovernmentstoimplementpoliciesbasedonlocalconditions.Demand-sidepolicieshavebeencontinuouslyadjustedfromthebeginningoftheyear,withseveralheavyweightpoliciesimplementedinthesecondhalfoftheyear,significantlyincreasingsupportforsupply-sidepolicies.Insummary,therearethreecoreaspectsoftherealestateindustrypolicyin2022:providingfinancingsupporttorealestateenterprisestoalleviatetheirfinancialpressure;supportingindividualhousingloanstodrivemarketsalesrecovery;andensuringtimelydeliveryofpropertiestoboostmarketsentimentandimprovehomebuyers'confidence.Thedemand-sideisprimarilyfocusedonlandandfinancialpolicies.(1)Tobettermeetthereasonablehousingneedsofhomebuyers,severalcitiesinChinahaverelaxedtheirpoliciesoncommercialhousingpurchasesandsales.InJanuary,theNationalDevelopmentandReformCommissionissuedanoticepromotingconsumptionandsupportingthecommercialhousingmarket.Inresponse,inFebruary,thesecitiesimplementedpoliciesthatincludedreducingdownpaymentratios,loweringmortgagerates,easinghousingprovidentfundloanrequirements,issuinghousingsubsidies,andrelaxing"fivelimits"policiessuchaspurchaseandlendingrestrictions.(2)Topreventspeculationandensurethathousesareprimarilyusedforliving,creditsupervisionhasbeenstrengthened,andmeasurestocrackdownonillegalfundsinflowintotherealestatemarkethavebeenstrictlyenforced.Thisistopreventoperatingloansfromenteringthemarket.(3)Thesalespricesofcommodityhomeshavestabilized,withfirst-tiercitiesremainingstablemonth-on-monthsincethesecondquarter,andsecond-andthird-tiercitiesstabilizingafterreachingtheirlowestpoint.(4)Theongoingreductionsininterestrateshaveprovedtobeadvantageous.InMay,thePeople'sBankofChinaandtheChinaBankingandInsuranceRegulatoryCommissionannouncedanadjustmentintheminimuminterestrateforfirst-timehomebuyers'commercialpersonalhousingloans,whichwassetnolessthan20basispointsbelowthecorrespondingperiod'sloanmarketquotationrate.Furthermore,attheendofSeptember,somecitiesalsoloweredtheminimuminterestratefortheseloans.Providentfundloanswithrepaymenttermsexceedingfiveyearswerealsoimpactedbytheinterestratecuts,resultinginareductionto3.1%.Thesupplysidefocusedonlandandfinancialcontrol.(1)Intermsofland,thecompletionrateofthe2022landsupplyplanisrelativelylow.Toattractrealestatecompaniestobid,localgovernmentsareactivelyoptimizingandadjustinglandauctionrulesandlandsupplystructures,withcentralandstate-ownedenterprisesbecomingthemainstreaminlandacquisition.Additionally,localurbaninvestmentplatformsarecontinuingtoemerge,whileprivateenterprisesarelimitedbycreditchallengesandfinancialpressures,leadingtoapauseintheirinvestments.(2)InearlyNovember,thePeople'sBankofChinaandtheChinaBankingandInsuranceRegulatoryCommissionissuedanoticeon"EnsuringtheStableandHealthyDevelopmentoftheRealEstateMarket"intermsofpolicies.Thisnoticeincludes16specificmeasuressuchasmaintainingstableandorderlyrealestatefinancing,actively
providingfinancialservicesfor"buildingpaymentuponcompletion,"cooperatingintheriskdisposalofdistressedrealestateenterprises,protectingthelegitimaterightsandinterestsofhousingfinanceconsumersinaccordancewiththelaw,adjustingsomefinancialmanagementpoliciesinphases,andincreasingfinancialsupportforhousingrental.AttheendofNovember,theChinaSecuritiesRegulatoryCommissionoutlinedfivemeasuresaimedatadjustingandoptimizingequityfinancingforlistedrealestatecompanies.Thesemeasuresincluderestoringmergersandacquisitions,restructuring,andsupportingfinancingforrealestate-relatedlistedcompanies,aswellasrestoringrefinancingforlistedrealestateenterprisesandrealestate-relatedlistedcompanies.Incontrast,financialregulatoryauthoritiessuchastheChinaBankingandInsuranceRegulatoryCommissionprimarilyrelaxedregulationsthroughouttheyear.Meanwhile,localgovernmentsandhousingconstructiondepartmentsstrengthenedtheirsupervisiontoensurepropertydevelopersdeliverhomesonschedule.In2022,provincesandcitiesacrossChinaissuedoverathousandrealestatecontrolpolicies,reachingapeakinrecentyears.Theregulationoftherealestatemarketcontinuestoimproveandupgrade,withthepaceandintensityofpolicytighteningsignificantlyincreasingsinceApril.Lookingaheadto2023,thecentralgovernmentwillcontinuetoadheretothegeneralprincipleof"housingisforliving,notforspeculation"andstrivetoachievethe"threestability"targets.Asthetideofrealestatemarketcorrectionsurgesonward,onecannothelpbutponderthescopeforpolicyrefinementinthetop-tiercities.Additionally,itisnotunreasonabletoanticipateamorestreamlinedfinancingapparatusforrealestateenterprises.Theconceptof"completionguarantee"-anassurancethatpropertieswillbefinishedpriortoremuneration-continuestoholdtheattentionofindustryinsiders.Assuch,arekindlingoftherealestatemarketappearstobeonthehorizon.(III)RegionalmarketlandscapeFromtheperspectiveofregionalmarkets,Shenzhen'seconomyheldsteadfastinitsfortitudein2022,evenwhileimposingstringentrealestateregulations.Boostingmarketconfidencewereaccompanyingfactors,suchas"completionguarantee"andadipinthefirst-homemortgageinterestrate.Astheyeardawned,Shenzhenunfurledthe"14thFive-YearPlanforHousingDevelopmentinShenzhen,"whichmapsoutafive-yearblueprinttosupply350,000unitsofcommercialhousingand540,000unitsofpublichousing.Duringthe"GoldenSeptemberandSilverOctober"interlude,thenumberofnewlysoldresidentialunitsinShenzheneclipsed3,000unitsfortwoconsecutivemonths,outpacingtheaveragelevelregisteredinthefirsthalfoftheyear.TowardthefagendofOctober,theMinistryofFinancereleasedthe"ImplementationOpinionsonSupportingShenzhentoExploreandInnovateItsFinancialPolicySystemandManagementSystem,"underscoringthecentralgovernment'sbolsteredsupporttoalleviateShenzhen'shousingsupplyanddemandimbalance.AsavanguardofChina'sreformandopening-uppolicy,Shenzhencontinuestoplayapivotalroleintherealestateindustry'smajorstrategicmetamorphosisdecision-makingprocess.(IV)ThesituationandtasksfacingtheCompanyFromtheperspectiveofSZPRD,manyofthedifficulties,painpointsandblockagepointsoftheprojectsunderconstructionhavebasicallybeencleared,andtheconditionsareinplacefortheGrouptomakegreatprogress.Thetightsituationoflargeinvestmentandlowoutputinthecurrentperiodisexpectedtocontinueuntilthesecondhalforeventheendof2023.Therefore,projectconstruction,salespaymentcollectionandcapitalamplificationwillbecomethemostimportanttasksin2023,andtheabilitytoexecuteprojects,turnaroundcapacityandoperationandmanagementcapabilitieswillcontinuetobedecisivefactorsintheGroup'smediumtolong-termdevelopment.(V)IndustrypositionoftheCompanySZPRDarisestogetherwithShenzhen'sreformandopeningupanddevotesitselftorealestate,propertymanagementandotherfieldsfornearlyfourdecades.Ithasachievedgradualimprovementsinitscomprehensivecapacity,brandinfluenceandindustrypositionandwonmanyhonorsandawardsovertheyears.DuringtheReportingPeriod,theCompanywonthetitleof"2022ShenzhenTop500Enterprises"andranked187thonthelist.ITCPropertyManagement,asubsidiaryoftheCompany,wonthefollowingawards:"2022LeadingState-ownedEnterprisesinPropertyManagementforIndustrialParksinChina","2022Top100ChinaPropertyServiceEnterprisesinComprehensiveStrength","2022Top50ChinaState-ownedPropertyServiceEnterprisesinComprehensiveStrength",and"2022ChinaPropertyServiceBrandCharacteristicEnterprise-AWorld-leadingPropertyManagementEcologicalOperator".TheShenzhenInternationalTradeCenterBuildingwaslistedinthefirstgroupofShenzhen
historicalbuildingsannouncedbythePeople'sGovernmentofShenzhenMunicipality.ThehistoricalexhibitionofShenzhenInternationalTradeCenterwasselectedasacaseforthedevelopmentandutilizationofnationaleconomicandtechnologicalarchivesresourcesin2021bytheNationalArchivesAdministrationofChina.TheseawardsandhonorsdemonstratedtheCompany'scomprehensivestrengthandreflectedthehighrecognitionoftheCompany'scomprehensivestrengthbytheindustry,customersandgovernmentdepartments.DuringtheReportingPeriod,despitethechangesintherealestateindustry,theCompanygainedacomparativeadvantagewithstableoperationstatusandgoodfinancialposition,seizedtheopportunitiesofthelandmarket.TheCompanyhastriumphedinitspartnershipwithYangzhouTourismDevelopmentPropertyCo.,Ltd.,securingthefirstandsecondlandparcelsintheYangzhouShouxihuScienceandTechnologyInnovationCityinitiative.ThislandmarkachievementnotonlymarkstheGroup'sforayintothe"urban-ruralintegration"terrainbeyonditsheadquartersbutalsoactsasapotentassuranceofitsexpansionplansintheYangtzeRiverDeltaarea.ThevictoryalsopavesthewayfortheGrouptoaugmentitslandreservesandpropelsustainabledevelopmentinconsonancewiththe"14thFive-YearPlan"phase.
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.SZPRDemployeeshavemanifestedtheenterprisespiritof"goingaheadandreforming"andcenteredonthefunctionalpositioningasstateassetsof"servingnationaleconomicandsocialdevelopment,thecity,theindustry,andthepeople".TheCompanyhasadheredtotheoriginalaspirationandstrivenaheadtobeapioneer.Therefore,ithasmaderemarkableachievementsindevelopmentspeedandquality.Sofar,theCompanyhasgrownintoalargecomprehensiveindustrialgroupfromtheprojectcompanythatbuiltShenzhenInternationalTradeCenterBuilding.Inthenewera,theCompanysizesupthesituation,seizesthemomentumandforgesaheadtowardthegoalandvisionofbecominga"leadingsmartoperatorofindustry-cityspaceinChina".As2022heraldsthe40thanniversarysinceitsinceptionandthe30thanniversarysinceitslisting,SZPRDtraversesdownmemorylane,recollectingitsvariedjourneypunctuatedwithchallengesandtriumphs.WitnessingthemeteoricriseofShenzhencity,theGrouphastransitionedfromitsformer"Shenzhenspeed"avatartoitscurrentiterationof"Shenzhenquality."Additionally,2022inauguratesthefirstyearfortheGroup'speriodicperformanceadjustmentphase.DuringtheReportingPeriod,facingthedeepregulationandcontrolinrealestate,theCompanyfaceduptothedifficultiesandcontinuedtomakeeffortsinfourbusinesssectors,includingindustry-cityspacedevelopment,propertymanagementservices,industrialecosystemoperation,andmainbusinessecosysteminvestmentinitsmainbusiness.TheCompanyendeavoredtofurtherconsolidateandhighlightitsadvantagesofindustry-cityintegrationandthewholeindustrychainthroughexpandingthemainbusinessandmakingbreakthroughsinotherbusinesses.
1.Industrial&urbanspacedevelopment
Intermsofthespacedevelopmentsegment,theCompanyisspecializedindevelopingtheresidence,thehi-endapartment,theofficebuilding,andtheindustrialparkandhasdevelopedabatchofbrandprojects,includingShenzhenInternationalTradeCenterBuilding,HuanggangPort,Tian'anInternationalBuilding,QianhaiGangwanGarden,andGoldenCollarHoliday.Basedonitspresentrealestatedevelopmentbusiness,theCompanywillimproveitsexistingportfolioandplanfornewbusinesses.Itwillengageanumberofsubsidiariesinpropertydevelopmentandurbanrenewals,includingHuangchengRealEstate,RongyaoRealEstate,andtheUrbanRenewalCompany,strengthencapitaloperationviathelistingplatform,andmakeareasonablelayoutofthecityspacedevelopmentsegment.IntheReportingPeriod,SZPRDmadegreatereffortsforlandacquisitioninthissegment.Forinstance,itsteadilyadvancedthedevelopmentprojectsinsideandoutsideShenzhen,acceleratedthesalesofprojectsinXuzhouandYangzhou,andspedupcashinflow.Moreover,itfocusedonthedevelopmentandconstructionofindustry-citycomplexesandacceleratedtocreateanintegratedandco-existingmodelforthedevelopmentofboutiqueurbanresidencesandhigh-endindustryspace.
2.PropertymanagementservicesTheCompany'spropertymanagementsegmenttakesITCPropertyManagementasitsplatform.AsChina’sfirstbatchoffirst-classqualifiedenterprisesinpropertymanagement,ITCPropertyManagement,aftermorethan30yearsofdevelopment,hasbecomeadomesticfirst-classpropertyserviceproviderwithdiversifiedbusinesscapabilitiesandtechnologicalstrength,andhasbeenawarded"Top100NationalPropertyManagementEnterprises"and"ExcellentEnterpriseofPropertyManagementinChina'sIndustrialParks"formanyyearsinarow.Theprojectsunderitsmanagementarealloverthecountry,anditsbusinessradiatestovariousregionsinChina,suchasSouthChina,SouthwestChina,EastChinaandNorthChina,aswellastheChina-VietnamCooperationZoneinVietnam.TheCompany'sexistingbusinesshascoveredindustrialparks,culturaltourismscenicspots,governmentagencies,railtransportation,housing,hospitals,schools,hotelsandothervariousbusinessmodels,andisplanningtodevelopthebusinessofgrassrootssocialgovernance.TheCompanycollaboratedwiththegovernmenttocreateasafe,harmonious,civilizedandorderlyurbanenvironment,basicallyformingapatternofintegrateddevelopmentofmultiplebusinessmodels.Therearemorethan20subsidiariesunderITCPropertyManagement,andwiththefunctionaldepartmentsoftheheadquartersastheplatform,ithasactivelybuiltthreecentersof"market,empowermentandsupervision",andformedthreebusinesscentersandprofitcentersofspecializedbusinessmodelcompanies,specializedcompaniesandcompaniesinotherregions,soastocontinuouslyandeffectivelyrealizethenewpatternofcoordinateddevelopmentof"1+1>2".AmidsttheReportingPeriod,ITCPropertyManagementaugmenteditsrealmthroughself-reliantdevelopmentandmergersandacquisitions,culminatingintheadministrationofa35millionsquaremetersofproperty.Thesegmentdedicatedtoindustrialparksoutstrippedexpectations,surpassing10millionsquaremeters.Notably,thescaleofoperationalmanagementforhigh-endindustrialparksispredictedtoretainitsexaltedstatusamongdomesticindustrialparkoperations.
3.IndustrialecosystemoperationWithrespecttotheindustrialecosystemoperationsegment,theCompanygavefullplaytoitsfoundationinthethreebasicindustries,namely,realestatedevelopment,propertymanagement,andleasingandtheadvantageofthewholeindustrychain,focusedonthetwomajorstrategiesof“value-addedoperationofexistingassets”and“light-assetoperationoutput”,anddeepenedinternalandexternalstrategiccooperation.Itiscommittedtocreatingaclosedloopofthewholeindustrialecosystem,coveringprojectdevelopmentservices,parkoperationservices,andsupportingrentaloperations,andkeepingimprovingthespaceserviceandrentalecosystemintheindustrialpark.Auniqueandmaturebusinessdevelopmentmodelhasbeenputinplacewiththecapabilityandexperienceofthewholechainofplanning,dismantling,constructioncontrol,businessinvitation,operation,andon-sitemanagementwithrespecttovariousassets.TheCompanyisexpeditingthestocktakingandassessmentofitspropertiesinstockandstrengtheningthemanagementoverthem.Inthefuture,itwillgraduallyexpandthescopeofleasingandraisethedevelopmentcapabilityofpropertyrental.Moreover,theCompanygraduallyshiftsthefocusofindustrialecosystemoperationtosci-techparks,providessupportingservicescoveringthewholevaluechain,suchastheimportofindustrialecosystem,projectdevelopmentservices,andparkoperationservices,andservestheroleof"spaceserviceprovider"centeringonsci-techparks.
4.OtherbusinessIntheReportingPeriod,theCompany'sbusinessesalsoincludedcateringserviceandprojectsupervisionservice.Thecatering
serviceisoperatedbyShenzhenGuomaoCateringCo.,Ltd.GuomaoCateringCo.,Ltd.,establishedin1986,becamefamousathomeandabroad,asitwastheplacewherePresidentDengXiaopinggavetalksduringhisinspectiontothesouthin1992.Sinceitsestablishment,ithasreceivedmorethan600countryleaders,famouspeople,andnumerousdomesticandoverseasguests,withitsreputationspreadingallovertheworld.TheprojectsupervisionserviceishandledbythesubordinatedsupervisioncompanyoftheGroup.ThecompanyhastheGradeAsupervisionqualificationofbuildingworksoftheMinistryofHousingandUrban-RuralDevelopment(MOHURD).ItwasoriginallyknownasShenzhenPropertyEngineeringManagementDepartment,andtakespartintheconstructionandmanagementworkofShenzhenInternationalTradeCenterBuilding.Itisawitnessofthewholeprocessof"Shenzhenspeed",andmainlyservesforthedevelopmentprojectoftheGroup.(II)BusinessReviewfortheCompanyin2022Asacrucialyearforthe"14thFive-YearPlan"andtheGroup's40thanniversarysinceitsestablishmentand30thanniversarysincelisting,2022holdssignificantimportance.TheCompanyconcentratesonimplementingkeyworkdeploymentsestablishedatthebeginningoftheyearandpromoteslong-termsustainabledevelopmentbyenhancingoverallefficiency,guidedbytheprincipleof"long-termtargets,medium-termexpectationsandshort-termresults".TheRealEstateCompanytookexpansionasthegoal,andmadeeffortstoseekabreakthroughinprojectexpansion.ThePropertyManagementCompanytookstrategictransformationastheguidetoenhancetheempowermentvalueandbrandvalue.TheCommercialOperationCompanyaimedatimprovingqualityandefficiency,andcontinuedtoinnovatetheoperationandmanagementmode,andeachbusinesssegmenthasmaintainedastableandhealthydevelopmenttrend.AsattheendoftheReportingPeriod,thetotalassetsoftheGroupstoodatapproximatelyRMB15.8billion.Duringtheyear,theGrouprecordedoperatingrevenueofmorethanRMB3.7billionandagrossprofitofmorethanRMB750million,successfullyachievingthemajoreconomicindicatorsfortheyear.First,theindustry-cityspacedevelopmentsegmentachievedoutstandingresultsandprojectexpansionwasfruitful.TherealestatebusinessrecordedoperatingrevenueofRMB1,914million,accountingfor51.6%ofthetotaloperatingrevenue.DuringtheReportingPeriod,theGroupactivelyparticipatedinthefiercelycompetitivelandauctionmarket,successfullywinningthefirstandsecondbatchesoflandplotsfortheYangzhouSlenderWestLakeScienceandInnovationCityurban-industryintegrationproject,addingapproximately230,000squaremeterstotheGroup'slandreserves.ThisprojectprovidessolidsupportfortheGroup'sfuturesustainabledevelopment,deepcultivationintheYangtzeRiverDeltaregion,andstrengtheningoftheurban-industrystrategiclayout.Moreover,theGroup'svariousbusinesslines,suchascost,design,andengineering,continuouslystrengthenednodetargetsandresourceprotectioncoordinationwhileadheringtomarket-orientedmanagementconceptsandhighlycoordinatedcooperation.Comprehensiveplanningandprojectconstructionwerecarriedoutinadvance,includingprojectschemedesign,biddingandprocurement,targetcostdetermination,andon-siteconstruction.TheprojectsinBangling,Guangming,Humen,andYangzhouwereefficientlyandorderlydeveloped,withtherefinedmanagementsystemfortheentirerealestateprojectdevelopmentprocesstakingshape.Furthermore,theGuanlanBanglingproject,thefirsturban-industryintegratedprojectintheLonghuaGuanlanareathattheCompanyhasimplementedthroughamarket-orientedapproach,obtainedconfirmationofthemainbodyforthefirstandsecondphases,completedthebiddingforthetotalcontractengineeringandthedemonstrationareascheme.Theprojectdevelopmenthasgraduallytransitionedfromtheearlystagetosubstantialconstructionandsalesstages.ProjectssuchasYulinLushan,TianjunIndustrialPark,BaoluPlot,FuyuanIndustrialZone,HuiyangDanshui,andXuzhouPhaseIIhavealsomadesignificantbreakthroughprogress.Second,thepropertymanagementsegmentgrewsteadilyandcontinuedtoacceleratemarketexpansion.TheoperatingrevenuefrompropertymanagementwasRMB1,667millionthroughouttheyear,accountingfor44.95%ofthetotaloperatingrevenue,remainingtheGroup'ssecond-largestrevenuesourceandincreasingitsshare.DuringtheReportingPeriod,effortsweremadetoactivelyexpandpropertymanagementprojects,withthemanagedareaexceeding35millionsquaremeters.Thisresultedinwinninghonorssuchas"Top100ComprehensiveStrengthofChinesePropertyServiceEnterprisesin2022,"continuouslyenhancingbrandvalueandreputation.Furthermore,theoperatingperformanceoftheInternationalTradeScienceandTechnologyParkexceededthepromisednetprofitbynearlyRMB28million,successfullyfulfillingthethree-yearperformancecommitmentofmergersandacquisitions.Themanagementrightsswitchandintegrationofthefivenewlyacquiredcompaniesproceeded
smoothlyandorderly.Effortsweremadetoundertakediverseformatssuchashotelsandsportsvenuesforthefirsttime.Concurrently,inventoryandprofitandlossanalysisofmanagedprojectswerecarriedout,formulatingaseriesofmeasurestoimprovequalityandefficiency,providingscientificandreferableexperiencesandmodelsforsubsequentprojectacquisitionandoperation.Additionally,effortsweremadetoactivelypromoteupstreamanddownstreammergersandacquisitionsintheindustrialchain,strategicallyinvestinginChinaConstructionScienceandIndustryGroup'ssmartparkingcompany.ThefirstphaseoftheInternationalTradeCloud2.0digitalplatformwassuccessfullyconstructedanddeployed,furtherpromotingthedigitalandintelligenttransformationofthepropertymanagementsector.Variousmeasuresweretakentoimprovelaborefficiency,exploringtheestablishmentofmarket-orientedexpansionincentivemechanisms,implementingtheMarketExpansionRewardManagementMeasuresandothersystems,andactivelypromotingthecoordinationandcostmanagementofthesecuritybusiness.Third,qualityandefficiencywereimprovedandcoreoperatingcapabilitieswerecultivatedfortheindustrialecologicaloperationandothersegments.TheoperatingrevenuefrompropertyrentalthroughouttheyearwasRMB128million,accountingfor3.45%ofthetotaloperatingrevenue.Inrecentyears,theCompanyhastakenvariousstepstoaccelerateitstransformationandupgrading,exploredtheestablishmentofanincrementalsharingmechanismandintensifiedprojectexpansion.Besides,coreoperatingcapabilitieswerecultivatedinmultiplepathsandthetransformationofthecurrentsimpleleasingbusinessmodetoacommercialoperationmodewaspromoted,therebyboostingthedevelopmentandgrowthoftheindustrialecologicaloperationsegment.DuringtheReportingPeriod,theindustrialoperationsectorcultivatedcoreoperationalcapabilitiesthroughmultiplepaths,suchasimprovingassetqualityandefficiencyandexploringtheestablishmentofincrementalsharingmechanisms.Thecompanymadeall-outeffortstostabilizetenants,rents,andexpectations,withapropertyleasingrateofapproximately94.9%andrentcollectionrateofapproximately97.3%.Additionally,thecompanyactivelyimplementedrentreductionpolicies,resultinginacumulativereductionofrentbyaboutRMB50.36million,benefiting705tenantsanddemonstratingtheresponsibilityofstate-ownedenterprises.Furthermore,thecompanyacceleratedthetransformationandupgradingofexistingassetsandrevitalizedtheirutilization,aftercompletingthedisposalof17low-efficiencyassets.AnestimatedincreaseofaboutRMB55millioninrevenueisexpected.Intermsofindustrialinvestmentpromotion,theGroupreleasedthe"IndustrialOperationWhitePaper"withintheyear,buildinga"1+2+3+N"industrialstrategysystemthroughmultiplechannels.Thecompanyalsoexploredthein-depthpropertydevelopmentstrategyandvigorouslypromotedinvestmentpromotionworkforBangling,Yangzhou,andInternationalTradeMallupgradeprojects.Newadditionstothelandbank:
| Nameoflandlotorproject | Location | Planneduseofland | Sitearea（㎡） | Floorareawithplotratio（㎡） | Howthelandisobtained | TheCompany’sinterest | Totallandprice(RMB’0,000) | ConsiderationoftheCompany’sinterest(RMB’0,000) |
| LandLotNo.GZ342inYangzhouCity | PingshanVillage,HanjiangDistrict,YangzhouCity | Commercialandresidential | 195,633 | 305,496.40 | Openmarket | 67.00% | 83,535.29 | 55,968.64 |
| LandLotNo.GZ399inYangzhouCity | PingshanVillage,HanjiangDistrict,YangzhouCity | Commercialandresidential | 35,979 | 64,762.20 | Openmarket | 67.00% | 17,917.54 | 12,004.75 |
Cumulativelandbank:
| Nameofproject/area | Sitearea（0,000㎡） | Floorarea（0,000㎡） | Floorareaavailablefordevelopment（0,000㎡） |
| LandinDanshui,HuiyangDistrict,HuizhouCity | 1.77 | 4.25 | 4.25 |
| LandinHongqiTown,HaikouCity | 15.80 | - | - |
| Total | 17.57 | 4.25 | 4.25 |
Developmentstatusofmajorprojects:
| City/region | Nameofproject | Location | Usage | TheCompany’sinterest | Timeforcommencementofconstruction | %developed | %thathascompletedconstruction | Sitearea（㎡） | Plannedfloorareawithplotratio（㎡） | FloorareathatcompletedconstructionintheCurrentPeriod（㎡） | Cumulativefloorareathathascompletedconstruction（㎡） | Estimatedtotalinvestment(RMB’0,000) | Cumulativeinvestment(RMB’0,000) |
| Shenzhen | FuhuiHuayuan | FutianDistrict | Residential | 100.00% | 2018.12 | Underconstruction | Mainworkcompletionfilingcompleted,andfinedecorationcompletedandaccepted | 4,274 | 33,430 | 0 | 0 | 91,133.00 | 77,396.00 |
| Shenzhen | GuanlanBangling | LonghuaDistrict | Residential,commercialapartmentsandindustrial | 69.00% | 2020.10 | Underconstruction | PhaseIisgoingthroughlanduseapprovalformalities,PhaseIIhasearthwork,foundationpitsupportingandpilefoundationunderconstruction,andcertainlandlotisgoingthroughmainbodyconstruction | 68,298 | 433,640 | 0 | 0 | 694,150.00 | 468,620.22 |
| Shenzhen | YutangShangfu | GuangmingDistrict | Residential | 100.00% | 2022.03 | Underconstruction | Allengineeringpilescompleted,basement(±0.000)completed,and4floorsofmainbodycompleted | 14,901 | 81,960 | 0 | 0 | 258,818.56 | 179,227.88 |
| Don | SeaBayGarden | Humen | Residential | 100.00% | 2022.03 | Und | Basementtoppedout, | 51,687 | 113,713 | 0 | 0 | 321,173.93 | 236,156.79 |
| gguanCity | Town | erconstruction | ±0.000floorbeamscompletedformainbody,towerbuildingcompletedto6/F | ||||||||||
| YangzhouCity | YangzhouShouxihuproject | PingshanVillage | Industrial,officeandresidential | 67.00% | 2023.03 | Tobeconstructed | - | 231,612 | 370,258 | 0 | 0 | 377,479.00 | 86,396.63 |
| XuzhouCity | BanshanYujing(PhaseII) | TongshanDistrict | Residential | 100.00% | 2019.03 | Completed | 100.00% | 31,537 | 22,795 | 22,795 | 22,795 | 24,700.00 | 22,964.00 |
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 | 100.00% | 133,800.60 | 125,231.07 | 119,004.99 | 12,479.71 | 110,446.58 | 119,004.51 | 18,643.91 | 159,276.00 |
| YangzhouCity | HupanYujingPhaseI | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100.00% | 36,141.28 | 48,870.98 | 43,023.81 | 200.94 | 77.30 | 43,023.81 | 200.94 | 70.92 |
| XuzhouCity | BanshanYujingPhaseII | 6HuashanRoad,TongshanDistrict | Residential | 100.00% | 22,794.76 | 21,720.72 | 21,720.72 | - | - | 21,660.46 | 21,660.46 | 25,308.38 |
| DongguanCity | SonghuLangyuan | DalangTown,DongguanCity | Residentialandcommercial | 100.00% | 147,139.96 | 140,911.00 | 140,911.00 | 108.00 | 88.34 | 149,349.84 | 108.00 | 84.13 |
| YangzhouCity | HupanYujingPhaseII | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100.00% | 56,935.75 | 73,121.96 | 70,050.02 | 1,716.05 | 2,481.69 | 70,030.91 | 1,716.05 | 2,339.25 |
Rentalstatusofmajorprojects:
| Nameofproject | Location | Usage | TheCompany’s | Rentablearea（㎡） | Cumulativerentedarea | Averageoccupancy |
| workinginterest | （㎡） | rate | ||||
| XiApartments(Longyuan) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 3,967.05 | 3,967.05 | 100.00% |
| XiApartments(Longhua) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1,609.42 | 1,609.42 | 100.00% |
| XiApartments(Xinhu) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1,600.00 | 1,600.00 | 100.00% |
| DonghuApartments | Shenzhen | Apartmentsforlong-termrental | 100.00% | 8,253.80 | 6,163.71 | 74.68% |
| FoodCourtintheInternationalTradeCenter | Shenzhen | Commercial | 100.00% | 4,152.47 | 1,534.30 | 36.95% |
| FuminComplex | Shenzhen | Commercial,apartments | 100.00% | 5,899.00 | 4,771.92 | 80.89% |
| TowerAofWenjinduPortBuilding | Shenzhen | Officebuilding | 75.00% | 5,884.30 | 5,619.30 | 95.50% |
| HaiwaiLianyiBuilding | Shenzhen | Commercialunitsandoffices | 75.00% | 9,313.78 | 9,313.78 | 100.00% |
| AnhuaBuilding | Shenzhen | Offices | 75.00% | 1,414.00 | 1,414.00 | 100.00% |
| PengfuBuilding | Shenzhen | Offices | 75.00% | 6,494.00 | 6,494.00 | 100.00% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 75.00% | 1,702.70 | 1,652.70 | 97.06% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 100.00% | 567.56 | 567.56 | 100.00% |
| FuxingGarden | Shenzhen | Residential/commercial | 75.00% | 5,787.22 | 5,787.22 | 100.00% |
| FuxingGarden | Shenzhen | Commercial | 100.00% | 1,417.15 | 1,417.15 | 100.00% |
| PlantareainTangxiaTown,DongguanCity | DongguanCity | Plant | 75.00% | 1,782.00 | 1,782.00 | 100.00% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 75.00% | 3,149.03 | 2,385.42 | 75.75% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 15.00% | 14,888.76 | 12,344.33 | 82.91% |
| KangtiBuilding | Shenzhen | Commercialunits/offices | 75.00% | 2,095.87 | 1,925.47 | 91.87% |
| KangtiBuilding | Shenzhen | Commercialunits/offices | 15.00% | 1,146.81 | 1,146.81 | 100.00% |
| LyuhuaBuilding | Shenzhen | Commercialandresidential | 75.00% | 7,106.95 | 6,869.19 | 96.65% |
| ShopsonthegroundfloorofTower48inLianhuaNorthVillage | Shenzhen | Shops | 75.00% | 1,000.34 | 1,000.34 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsandcommercialunits | 100.00% | 1,939.56 | 1,939.56 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsandcommercialunits | 75.00% | 2,277.90 | 2,240.73 | 98.37% |
| Hostel2atYuxinSchool | Shenzhen | Hostel | 75.00% | 3,000.00 | 3,000.00 | 100.00% |
| KaifengGardeninShangmeilin | Shenzhen | Residential | 100.00% | 1,306.82 | 922.44 | 70.59% |
| FuyuanIndustrialZone | Shenzhen | Plantarea | 75.00% | 47,131.40 | 47,131.40 | 100.00% |
| TongluIndustrialZone | Shenzhen | Plantarea | 100.00% | 76,886.26 | 73,408.48 | 95.48% |
| JianglingIndustrialZone | Shenzhen | Plantarea | 75.00% | 10,396.64 | 10,396.64 | 100.00% |
| Zone21 | Shenzhen | Commercial/offices | 75.00% | 9,514.30 | 9,434.30 | 99.16% |
| BaoliCommunity | Shenzhen | Residential | 75.00% | 9,020.07 | 8,208.79 | 91.01% |
| SonggangPlant | Shenzhen | Plantarea | 75.00% | 5,700.00 | 5,700.00 | 100.00% |
| LongbuPlant | Shenzhen | Plantarea | 75.00% | 7,471.36 | 7,471.36 | 100.00% |
| GongluBuildinginHuanggang | Shenzhen | Offices | 75.00% | 4,599.72 | 4,552.84 | 98.98% |
| YuetongComplex | Shenzhen | Offices | 75.00% | 3,044.00 | 3,044.00 | 100.00% |
| DepartmentStorePlaza | Shenzhen | Offices | 33.00% | 12,751.15 | 12,751.15 | 100.00% |
| SouthernSecuritiesBuilding | Shenzhen | Offices | 33.00% | 8,809.80 | 2,194.82 | 24.91% |
| Building409,SangdaIndustrialZone | Shenzhen | Plantarea | 33.00% | 3,309.20 | 3,309.20 | 100.00% |
| MianshuiStudioApartment | Shenzhen | Apartment | 33.00% | 3,440.12 | 3,440.12 | 100.00% |
| XiangfuBuilding | Shenzhen | Commercial | 33.00% | 3,109.40 | 3,109.40 | 100.00% |
Primarylanddevelopment:
□Applicable?NotapplicableFinancingchannels:
Unit:RMB
| Financingchannel | Endingbalanceoffinancings | Financingcostrange/averagefinancingcost | Maturitystructure | |||
| Within1year | 1-2years | 2-3years | Over3years | |||
| Bankloans | 3,809,915,668.00 | 4%-6% | 126,500,000.00 | 2,999,400,000.00 | 523,600,000.00 | 160,415,668.00 |
| Total | 3,809,915,668.00 | 4%-6% | 126,500,000.00 | 2,999,400,000.00 | 523,600,000.00 | 160,415,668.00 |
Developmentstrategyandoperatingplanforthecomingyear:
Underthemacro-economicenvironmentof"triplepressure"in2023andamidtheoveralldownwarddevelopmenttrendoftheconventionalrealestatemarket,SZPRDwillactivelysearchforthestrategicbreakthroughdirection,comprehensivelyconnectwiththemajorstrategicorientationofthestate-ownedassetsystemandfirmlygraspthecoreprocessesofstockassetvaluemanagementandindustrialecologicaloperationservices.Relyingontheprincipleof"expandingthemainbusinessandmakingbreakthroughs",effortswillbedoubledtodevelopfourmajorbusinesses,i.e.,industry-cityspacedevelopment,propertymanagementservices,industrialecologicaloperationandmainbusinessecosysteminvestment,andguidehigh-qualitydevelopmentwithanewdevelopmentphilosophy.Intermsoflandreserves,SZPRDplanstoexpandandboostitslandreservesthroughmarketcompetitionandcapitaloperations.Thegroup'sfocuswillremainontheGuangdong-HongKong-MacaoGreaterBayArea,theYangtzeRiverDelta,andotherregionswithpromisingeconomicdevelopmentprospects.Toexpediteprojectexecution,thegroupwillactivelyfacilitatemarket-orientedbidding,auctioning,andlisting,aswellaspursueindustriallandacquisition,urbanrenewal,andprojectcooperation.Topromotebothconstructionandsalesrepayment,SZPRDwillaccelerateprojectdevelopmentin2023.Thegroupwillprioritizeongoingprojectdesignmanagementandapprovalwork,showcasinghigh-qualityandhigh-standarddemonstrationareasandimagedisplaysforeachproject.Whileensuringquality,safety,andenvironmentalprotection,thegroupwillcomprehensivelyadvanceprojectconstructionbyproactivelyrespondingtouncertainmarketconditionsandfocusingonthecoregoalof"cashinflow."Tocoordinatedevelopmentandbusinessoperationseffectively,thegroup'sheadquarterswillworkhardon"speedingup,expanding,empowering,andproducingresults."Thegroupwilldeepenthemanagementfunctionsoftheplatformcompany,continuouslyenhancedevelopmentcapabilitiesinproductplanning,projectoperation,accelerateddestocking,andcentralizedprocurement,establishunifiedstandards,deepenleanmanagement,andfurtherstrengthentheoveralladvantagesofthegroup'srealestatesector.Tobeginwith,itisessentialtocoordinatethedevelopmentofmajorandcomplexprojects.Thisinvolvesexpeditingtheconstructionanddevelopmentofvariousprojects,suchastheHumenCoastalHarborProject,GuangmingYutang
ShangfuProject,GuanlanBenglingUrbanRenewalProject,andYangzhouProject.Additionally,effortsshouldbemadetofacilitatethetimelycompletionandacceptanceofthesecondphaseofFuchang'sfinedecoration.Thesecondobjectiveistopromotethepreliminaryworkofurbanrenewalprojectsandensurethegroup'sfuturesuccess.ThePingshanTianjunIndustrialParkProjectshouldaimtocompletethesigningofthedemolitionmemorandumanddemolitioncompensationagreement,whiletheFuyuanIndustrialParkProjectshouldfocusonupdatingtheunitscope,unitchange,planapproval,andspecialplanningpreparation.Thethirdpriorityistoenhancemarketingandtradingcapabilitiestomeetsalestargets.OpportunitiesinthemarketshouldbeseizedtopromotethesalesliberalizationofresidentialpropertiesinHumen,Guangming,andBenglingprojects,finishdeliveryofthesecondphaseofFuchangandotherworks.Fordetails,pleasereferto"XIProspects"in“PartIIIManagementDiscussionandAnalysis"inthe2022annualreport.TheabovebusinessplanandbusinessobjectivesdonotrepresentthelistedCompany’sprofitforecastfor2023.Whetheritcanbeachieveddependsonvariousfactorsincludingchangesinmarketconditionsandtheeffortmadebythemanagementteam.Investorsmustpayspecialattentiontothatbecausethereexistshugeuncertainty.Provisionofguaranteesforhomebuyersonbankmortgages:
?Applicable□NotapplicableAsausualpracticeforrealestatedevelopers,theCompanyhasbeenprovidingguaranteesandsecuritydepositsforitshomebuyersontheirbankmortgages.Asat31December2022,securitydepositsforsuchoutstandingguaranteesamountedtoRMB1,131,041.58,whichwillbereturnedupontheexpiryoftheguarantees,i.e.whentherelevanthomebuyerspaidofftheirbankmortgages.Jointinvestmentsbydirectors,supervisorsandseniormanagementandthelistedcompany(applicableforsuchinvestmentswherethedirectors,supervisorsandseniormanagementaretheinvestmententities):
?Applicable□Notapplicable
| Nameofproject | Typeofinvestmententity | Amountofinvestment(RMB’0,000) | %ofinvestmentamount | As%ofthepeakoftheprojectfunds | Cumulativeincome | Disinvestment | Compatibilityofactualinvestmentamountanddistributedincome |
| UrbanRenewalofBanglingSectionatGuanlanStreet | Mandatoryinvestmententities(includingdirectorsandseniormanagement) | 2,647.00 | 66.18% | N/A | 0 | None | N/A |
| Voluntaryinvestmententities | 1,353.00 | 33.82% | N/A | 0 | None | N/A |
Note:Sincethisisanongoingproject,thepeakoftheprojectfunds,cumulativeincomeanddisinvestmentareunknown.Fordetails,pleaserefertotherelevantannouncementsdisclosedbytheCompanyonwww.cninfo.com.cndated9November2019.IIICoreCompetitivenessAnalysisAdvantagesinbrandandculturalaccumulation:SZPRD,astate-ownedenterpriseinShenzhen,hasforgedanunparalleledlegacyofpioneeringdevelopmentoverthepastfourdecades.Thecompanyhascraftedadiversifieddevelopmentpatternwithrealestatedevelopmentattheforefront,accompaniedbyurbanrenewal,propertymanagement,assetoperation,andindustrialinvestment.Thebrandvalueandcomprehensivestrengthof"ShenzhenProperty,"imbuedwiththespiritofreformandopeningupininternationaltrade,havegarneredsignificantmarketrecognition.BornfromtheWorldTradeBuilding,thecompanyhasflourishedthroughreformandopeningup,coexistingandflourishingalongsidethemiraculouscityofShenzhen.Thecorporatecultureof"daringtobethefirstandstrivingfortransformation"intermingleswiththe"pioneeringspirit"ofsurmountingchallenges,providingguidanceinadvancingtheremarkableprogressofSZPRDfrom"Shenzhenspeed"to"Shenzhenquality."Market-orientedadvantages:Inaccordancewiththemarket-orientedpaceofasmallchangeinayearandabigchangeinthree
years,theGroupcontinuestoinnovateinstitutionalmechanisms,deepeninternalreforms,andactivelybenchmarkwithindustrymodelsformarket-orientedoperation,whichsignificantlystimulatesthevitalityandmomentumoftheGroup'shigh-qualitydevelopment.Inrecentyears,theGuanlanBanglingprojectpioneeredthecooperationbetweenstate-ownedenterprisesandprivateenterprisesindevelopingurbanrenewalprojects,markingthefirstfullymarket-orientedurbanrenewalprojectinthehistoryoftheGroup,andtooktheleadinimplementingthefollow-oninvestmentsystemforurbanrenewalprojectsinthecity'sstate-ownedcapitalsystem.Withregardtothepropertymanagementsegment,theCompanyactivelyexploresprojectsoutsideGuangdongProvince,andenhancesmarket-orientedexpansion,whichhaseffectivelyincreasedtheCompany’scompetitivenessinChina’spropertymanagementmarket.TheCompanyhassimultaneouslyestablishedamulti-levelincentiveandrestraintmechanismincludingfollow-oninvestmentandlong-termincentives,allocatingresources,selectingtalentsandassessingrewardsandpunishmentsaccordingtothemarket-orientedapproach.Wholeindustrychainadvantage:Overtheyears,theGrouphasformedtheadvantageofthewholeindustrychaininthewholeprocessofprojectacquisition,developmentandconstruction,investmentandsales,leasingmanagementandpropertymanagement,especiallyintheareaofhigh-endparkbasicservicesandpropertymanagementqualityservices,whichhasformedobvioussegmentationadvantagesandforgedthecorecompetitiveabilityoftheCompany.City-industryintegrationadvantage:TheCompany'sspacedevelopmentdivisionendeavorstodevelopaabundanceofbusinesstypes,encompassingresidential,high-endapartments,officebuildings,andindustrialparks.FromtheearliesturbancomplexofShenzhenInternationalTradeCenterBuilding,HuanggangPortareadevelopmenttothedevelopmentandoperationoflargecity-industrycomplexprojectofGuanlanBanglingurbanrenewalproject,theGroup'sadvantagesofcity-industrycomplexdevelopmentproductshavebeenhighlighted,andwiththeimplementationofaseriesofurbanrenewalprojectsandindustrialprojects,theadvantagesofcity-industrycomplexwillbefurtherconsolidatedandenhanced.AdvantagesasaholdingsubsidiaryofaFortuneGlobal500company:ShenzhenInvestmentHoldingsCo.,Ltd.,thecontrollingshareholderoftheCompany,hasbeencommittedtobuildingaworld-leadingstate-ownedcapitalinvestmentandoperationcompanyandafinancialholdinggroup.Ithasnowdevelopedintoastate-ownedcapitalinvestmentcompanyfocusingonfintech,technologyparks,infantindustriesandhigh-endservices.ItwaslistedinFortuneGlobal500companiesin2022withoperatingrevenueofRMB242.5billionandranked372ndonthelist,24placeshigherthanthatin2021.Relyingonthecontrollingshareholder'sadvantagesinthewholeindustrialchainoftechnologyparks,theCompanycarriesoutactivetransformationandupgradingandconcentratesonthedevelopmentandconstructionofindustry-citycomplexes,heraldingabroaderdevelopmentprospect.
IVCoreBusinessAnalysis
1.OverviewSeecontentsundertheheading“IIPrincipalActivityoftheCompanyintheReportingPeriod”abovein“ManagementDiscussionandAnalysis”.
2.RevenueandCostAnalysis
(1)BreakdownofOperatingRevenue
Unit:RMB
| 2022 | 2021 | Change(%) | |||
| Operatingrevenue | As%oftotaloperatingrevenue(%) | Operatingrevenue | As%oftotaloperatingrevenue(%) | ||
| Total | 3,708,669,046.85 | 100.00% | 4,911,120,528.33 | 100.00% | -24.48% |
| Byoperatingdivision | |||||
| Propertydevelopment | 1,913,674,526.31 | 51.60% | 3,131,113,534.70 | 63.76% | -38.88% |
| Propertymanagement | 1,666,961,878.32 | 44.95% | 1,603,746,855.20 | 32.66% | 3.94% |
| Propertyrental | 128,032,642.22 | 3.45% | 176,260,138.43 | 3.59% | -27.36% |
| Byproductcategory | |||||
| Propertydevelopment | 1,913,674,526.31 | 51.60% | 3,131,113,534.70 | 63.76% | -38.88% |
| Propertymanagement | 1,666,961,878.32 | 44.95% | 1,603,746,855.20 | 32.66% | 3.94% |
| Propertyrental | 128,032,642.22 | 3.45% | 176,260,138.43 | 3.59% | -27.36% |
| Byoperatingsegment | |||||
| Shenzhen | 3,122,667,234.12 | 84.20% | 4,465,808,268.81 | 90.93% | -30.08% |
| Other | 586,001,812.73 | 15.80% | 445,312,259.52 | 9.07% | 31.59% |
| Bymarketingmodel | |||||
(2)OperatingDivision,ProductCategory,OperatingSegmentorMarketingModelContributingover10%ofOperatingRevenueorOperatingProfit?Applicable□Notapplicable
Unit:RMB
| Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperatingrevenue(%) | YoYchangeincostofsales(%) | YoYchangeingrossprofitmargin(%) | |
| Byoperatingdivision | ||||||
| Propertydevelopment | 1,913,674,526.31 | 433,443,568.87 | 77.35% | -38.88% | 0.22% | -8.84% |
| Propertymanagement | 1,666,961,878.32 | 1,441,477,771.44 | 13.53% | 3.94% | 10.53% | -5.15% |
| Byproductcategory | ||||||
| Propertydevelopment | 1,913,674,526.31 | 433,443,568.87 | 77.35% | -38.88% | 0.22% | -8.84% |
| Propertymanagement | 1,666,961,878.32 | 1,441,477,771.44 | 13.53% | 3.94% | 10.53% | -5.15% |
| Byoperatingsegment | ||||||
| Bymarketingmodel | ||||||
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable?Notapplicable
(3)WhetherRevenuefromPhysicalSalesIsHigherthanServiceRevenue
?Yes□No
| Operatingdivision | Item | Unit | 2022 | 2021 | Change(%) |
| Propertydevelopment | Salesvolume | m2 | 14,396.70 | 37,622.78 | -62.00% |
| Output | m2 | 495,583.11 | 262,098.00 | 89.00% | |
| Inventory | m2 | 28,008.22 | 35,157.25 | -20.00% |
Anyover30%YoYmovementsinthedataaboveandwhy:
?Applicable□NotapplicableThesalesvolumedroppedasaresultofthedecreasedpropertiesavailableforsale,aweakeningmarket,etc.;andtheoutputincreasedduetothestartofconstructionofanumberofrealestateprojects.
(4)ExecutionProgressofMajorSignedSalesandPurchaseContractsintheReportingPeriod
□Applicable?Notapplicable
(5)BreakdownofCostofSales
Byoperatingdivision
Unit:RMB
| Operatingdivision | Item | 2022 | 2021 | Change(%) | ||
| Costofsales | As%oftotalcostofsales(%) | Costofsales | As%oftotalcostofsales(%) | |||
| Propertydevelopment | 433,443,568.87 | 21.90% | 432,501,558.96 | 23.67% | -1.77% | |
| Propertymanagement | 1,441,477,771.44 | 72.85% | 1,304,193,657.50 | 71.37% | 1.48% | |
| Propertyrental | 103,856,280.91 | 5.25% | 90,687,606.72 | 4.96% | 0.29% | |
Note:
N/A
(6)ChangesintheScopeofConsolidatedFinancialStatementsfortheReportingPeriod?Yes□NoSee“VIIIChangestotheConsolidationScope”in“PartXFinancialStatements”inthisReport.
(7)MajorChangestotheBusinessScopeorProductorServiceRangeintheReportingPeriod
□Applicable?Notapplicable
(8)MajorCustomersandSuppliers
Majorcustomers:
| Totalsalestotopfivecustomers(RMB) | 410,823,986.62 |
| Totalsalestotopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 11.08% |
| Totalsalestorelatedpartiesamongtopfivecustomersas%oftotalsalesoftheReportingPeriod(%) | 8.18% |
Informationabouttopfivecustomers:
| No. | Customer | SalesrevenuecontributedfortheReportingPeriod(RMB) | As%oftotalsalesrevenue(%) |
| 1 | Corporation1 | 303,186,237.98 | 8.18% |
| 2 | Corporation2 | 46,010,450.34 | 1.24% |
| 3 | Corporation3 | 24,265,146.78 | 0.65% |
| 4 | Corporation4 | 20,413,436.28 | 0.55% |
| 5 | Naturalperson1 | 16,948,715.24 | 0.46% |
| Total | -- | 410,823,986.62 | 11.08% |
Otherinformationaboutmajorcustomers:
□Applicable?NotapplicableMajorsuppliers:
| Totalpurchasesfromtopfivesuppliers(RMB) | 476,983,727.17 |
| Totalpurchasesfromtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 33.50% |
| Totalpurchasesfromrelatedpartiesamongtopfivesuppliersas%oftotalpurchasesoftheReportingPeriod(%) | 8.11% |
Informationabouttopfivesuppliers:
| No. | Supplier | PurchaseintheReportingPeriod(RMB) | As%oftotalpurchases(%) |
| 1 | Corporation1 | 237,055,828.36 | 16.65% |
| 2 | Corporation2 | 115,448,234.35 | 8.11% |
| 3 | Corporation3 | 77,574,607.34 | 5.45% |
| 4 | Corporation4 | 25,617,258.95 | 1.80% |
| 5 | Corporation5 | 21,287,798.17 | 1.50% |
| Total | -- | 476,983,727.17 | 33.50% |
Otherinformationaboutmajorsuppliers:
□Applicable?Notapplicable
3.Expense
Unit:RMB
| 2022 | 2021 | Change(%) | Reasonforanysignificantchange | |
| Sellingexpenses | 53,541,997.78 | 73,372,016.02 | -27.03% | Decreaseincommissionspaidforsalesagents |
| Administrativeexpenses | 329,991,655.74 | 323,975,355.61 | 1.86% | |
| Financecosts | 50,571,183.83 | 5,361,667.33 | 843.20% | Decreaseininterestincome |
| R&Dexpenses | 3,244,129.11 | 2,171,797.80 | 49.38% | AcquisitionofFMCinSeptember2021 |
4.R&DInvestments?Applicable□Notapplicable
| MajorR&Dprogram | Purpose | Progress | Objectives | ExpectedimpactontheCompany |
| PropertyManagementSystem(PMS) | Tomeetthemanagementneedsasanintegratedpropertymanagementcompanyaswellasaprofessionalpropertyserviceprovider | Delivered | Itfullysupportsallkindsofproject-levelbusinesssuchasengineering,customerservice,environment,safety,order,quality,etc.,aswellastheGroup’scontrollevelbusiness.Specificfunctionalmodulesincludetaskmanagement,planmanagement,demandmanagement,chargemanagement,materialinventory,qualitymanagement,personnelmanagementandotherfunctions,andprovidesinternalPCterminalandAPPterminal,aswellasmini-appforcustomers.Decisionanalysiscanbefurthercustomisedaccordingtotheactualneedsofthecustomerwithmoreanalyticalreportsandlargedisplayscreens. | Addfullviewofoperationsanddigitalmanagement,layingthefoundationformoreandbetteraccesstotheconsumermarketinthefuture |
| FacilityManagementSystem(FMS) | Itrealisesthattheassetsofequipmentandfacilitiescanbeaccountedfor,thequalityofoperationandmaintenanceservicescanbemanaged,therisksoffacilitiescanbecontrolled,andthedatafordecision-makingcanbereliedon,andthroughthecontinuousaccumulationofplatformdata,itpromotesthecontinuousoptimisationofmanagementstandardsandconstructionstandardstorealisetruedigitaloperationandmaintenance. | Delivered | Itsupportsfullcoverageoffacilityandequipmentcontrolactivitiesthroughoutthebuilding'slifecycle,includingtheentireprocessofhandoverandtakeover(customisedfunction),operation,maintenance,repair,renovationandend-of-lifedisposal,andsupportsIOTintegratedoperationmonitoring,operationandmaintenanceworkmanagement,basicsettings,intelligentanalysisandotherfunctions.Thelocalintelligentsubsystems/equipmentcollectsdatathroughtheedgecomputinggateway. | Addfullviewofoperationsanddigitalmanagement,layingthefoundationformoreandbetteraccesstotheconsumermarketinthefuture |
DetailsaboutR&Dpersonnel:
| 2022 | 2021 | Change(%) | |
| NumberofR&Dpersonnel | 37 | 30 | 23.33% |
| R&Dpersonnelas%oftotalemployees | 0.40% | 0.39% | 0.01% |
| Educationalbackground | |||
| Bachelor’sdegree | 23 | 11 | 109.09% |
| Master’sdegree | 4 | 0 | - |
| Juniorcollege | 10 | 19 | -47.37% |
| Agestructure | |||
| Below30 | 24 | 9 | 166.67% |
| 30~40 | 11 | 9 | 22.22% |
| Over40 | 2 | 12 | -83.33% |
DetailsaboutR&Dinvestments:
| 2022 | 2021 | Change(%) | |
| R&Dinvestments(RMB) | 3,244,129.11 | 2,171,797.80 | 49.38% |
| R&Dinvestmentsas%ofoperatingrevenue | 0.09% | 0.04% | 0.05% |
| 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 | 2022 | 2021 | Change(%) |
| Subtotalofcashgeneratedfromoperatingactivities | 4,526,054,341.31 | 6,246,168,443.05 | -27.54% |
| Subtotalofcashusedinoperatingactivities | 4,420,821,237.45 | 8,075,148,195.50 | -45.25% |
| Netcashgeneratedfrom/usedinoperatingactivities | 105,233,103.86 | -1,828,979,752.45 | -105.75% |
| Subtotalofcashgeneratedfrominvestingactivities | 197,490,121.81 | 234,973.91 | 83,947.68% |
| Subtotalofcashusedininvestingactivities | 45,114,342.34 | 29,143,961.50 | 54.80% |
| Netcashgeneratedfrom/usedininvestingactivities | 152,375,779.47 | -28,908,987.59 | -627.09% |
| Subtotalofcashgeneratedfromfinancingactivities | 303,349,674.44 | 2,140,000.00 | 14,075.22% |
| Subtotalofcashusedinfinancingactivities | 963,797,633.48 | 575,922,103.76 | 67.35% |
| Netcashgeneratedfrom/usedinfinancingactivities | -660,447,959.04 | -573,782,103.76 | 15.10% |
| Netincreaseincashandcashequivalents | -398,048,377.77 | -2,433,157,872.42 | -83.64% |
Explanationofwhyanyofthedataabovevariessignificantly:
?Applicable□Notapplicable
(1)Netcashgeneratedfromoperatingactivitiesincreasedyearonyear,primarilydrivenbythedecreasedlandacquisitionandtaxexpendituresintheReportingPeriod.
(2)Cashgeneratedfrominvestingactivitiesincreasedyearonyear,primarilydrivenbythereceiptofthecompensationfortherequisitionofthelandatBaoluintheReportingPeriod.
(3)Cashgeneratedfromfinancingactivitiesincreasedyearonyear,primarilydrivenbynewbankborrowingsintheReportingPeriod.
(4)Cashusedinfinancingactivitiesincreasedyearonyear,primarilydrivenbythepaymentforanequityacquisitioninvolvingentitiesundercommoncontrolintheReportingPeriod.ReasonforanybigdifferencebetweenthenetoperatingcashflowandthenetprofitforthisReportingPeriod:
?Applicable□NotapplicableFortheReportingPeriod,netcashgeneratedfromoperatingactivitiesstoodatRMB105,233,103.86,representingabigdifferencefromthenetprofitofRMB529,340,607.96,primarilydrivenbythereceiptofthecompensationfortherequisitionofthelandatBaoluandanincreaseinlandbankexpenditureintheReportingPeriod.VAnalysisofNon-CoreBusinesses
?Applicable□Notapplicable
Unit:RMB
| Amount | As%oftotalprofit | Mainsource/reason | Recurrentornot | |
| Returnoninvestment | 1,981,330.90 | 0.26% | Shareofprofitsofjointventures | Yes |
| Gain/lossonchangesinfairvalue | 117,082.19 | 0.02% | Purchaseofheld-for-tradingfinancialassetsintheReportingPeriod | Not |
| Assetimpairments | -528,430.23 | -0.07% | Inventoryvaluationallowances | Not |
| Non-operatingincome | 7,198,004.28 | 0.96% | Miscellaneousconfiscatoryandpenaltyincomeandwrite-offofpayablesthathavebeennotabletobesettledforalongtime | Not |
| Non-operatingexpense | 2,556,893.74 | 0.34% | Paymentsforliquidateddamagesandfines | Not |
| Creditimpairmentloss | -17,395,139.90 | -2.32% | Allowancesfordoubtfulaccounts | Not |
| Gainondisposalofassets | 175,810,605.44 | 23.42% | ReceiptofthecompensationfortherequisitionofthelandatBaolu | Not |
VIAnalysisofAssetsandLiabilities
1.SignificantChangesinAssetComposition
Unit:RMB
| 31December2022 | 1January2022 | Changeinpercentage(%) | Reasonforanysignificantchange | |||
| Amount | As%oftotalassets | Amount | As%oftotalassets | |||
| Monetaryassets | 1,517,528,893.83 | 9.60% | 2,280,821,442.11 | 15.37% | -5.77% | Paymentforland |
| Accountsreceivable | 419,933,915.30 | 2.66% | 293,985,139.93 | 1.98% | 0.68% | Increasedpropertymanagementfeesreceivable |
| Contractassets | 1,094,632.90 | 0.01% | 0.00 | 0.00% | 0.01% | |
| Inventories | 10,975,334,223.37 | 69.46% | 9,125,134,062.27 | 61.51% | 7.95% | Increasedlandbank |
| Investmentproperty | 405,762,739.18 | 2.57% | 459,204,609.35 | 3.10% | -0.53% | |
| Long-termequityinvestments | 79,781,437.31 | 0.50% | 50,360,681.37 | 0.34% | 0.16% | Increasedreturnsfromjointventures |
| Fixedassets | 82,745,172.12 | 0.52% | 114,155,590.40 | 0.77% | -0.25% | Reclassificationofassets |
| Constructioninprogress | 0.00% | 0.00% | 0.00% | |||
| Right-of-useassets | 70,168,415.65 | 0.44% | 71,472,680.73 | 0.48% | -0.04% | |
| Short-termborrowings | 0.00% | 0.00% | 0.00% | |||
| Contractliabilities | 920,828,040.81 | 5.83% | 1,374,165,809.40 | 9.26% | -3.43% | Operatingrevenuecarryforwards |
| Long-termborrowings | 3,618,782,344.00 | 22.90% | 3,524,500,000.00 | 23.76% | -0.86% | Newbankloan |
| Leaseliabilities | 77,963,283.55 | 0.49% | 83,081,182.89 | 0.56% | -0.07% | |
| Otherreceivables | 639,903,523.33 | 4.05% | 926,361,533.14 | 6.24% | -2.19% | Recoveryofcertaincurrentaccountsandincreasedallowancesfordoubtfulaccounts |
| Deferredincometaxassets | 1,383,050,586.04 | 8.75% | 1,279,816,590.32 | 8.63% | 0.12% | IncreasedlandVATprovisions |
| Othernon-currentassets | 2,750,873.08 | 0.02% | 45,571,997.85 | 0.31% | -0.29% | Prepaymentforequityacquisitiontransferredtolong-termequityinvestmentsasacquireehasbeentransferred |
| Accountspayable | 608,283,388.52 | 3.85% | 351,894,812.23 | 2.37% | 1.48% | Increasedpayablesforengineering |
| Otherpayables | 1,515,085,832.45 | 9.59% | 1,027,622,090.94 | 6.93% | 2.66% | ReceiptofcooperationfundsfromcooperationpartyYangzhouWuhe |
Indicatewhetheroverseasassetsaccountforahigherproportionoftotalassets.
□Applicable?Notapplicable
2.AssetsandLiabilitiesatFairValue
?Applicable□Notapplicable
Unit:RMB
| Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
| Financialassets | ||||||||
| 4.Investmentsinotherequityinstruments | 1,002,551.95 | -168,720.11 | 54,006.80 | 887,838.64 | ||||
| Totaloftheabove | 1,002,551.95 | -168,720.11 | 54,006.80 | 887,838.64 | ||||
| Financialliabilities | 0.00 | 0.00 | ||||||
Contentsofotherchanges:
Otherchangeswereresultedfromexchangeratemovements.SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes?No
3.RestrictedAssetRightsasatthePeriod-End
Unit:RMB
| Item | Endingcarryingvalue | Reasonforrestriction |
| Monetaryassets | 7,835,036.35 | Notes1-10 |
| LanduserightsatFuminNewVillage,FutianDistrict,Shenzhen | 542,507,314.43 | Note11 |
| Total | 550,342,350.78 |
Note1:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanescrowdepositofRMB44,820.14ofthecateringbranchofthesubsidiarycompanyShandongShenguomaoRealEstateManagementCo.,Ltd.Note2:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanadvancepaymentguaranteedepositofRMB459,627.50issuedbythesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.inDecember2021fortheupgradingandreconstructionofthesmartparkofShenzhenBayEco-TechnologyParkandthesoftwareplatformdevelopmentcontract.Note3:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00ofthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.frozenbyacourtoflawduetopre-litigationpreservationforcontractdisputes.Note4:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloandepositofRMB1,131,041.58providedasmortgageloanguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.Note5:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB2,860,000.00ofinterestonterm
depositsaccruedattheperiod-end.Note6:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB16,111.20ofinterestonlarge-denominationCDs(morethanoneyear).Note7:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB129,154.28intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.Note8:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasarestrictedfundofRMB42,781.65inthefrozenaccountofthesubsidiarycompanyShenzhenHuazhengpengPropertyManagementCo.,Ltd.Note9:Attheendoftheperiod,thereweremonetaryfundswithrestricteduserights,includinganamountofRMB150,000.00,whichwasprovidedbythesubsidiaryShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd(ITCPropertyManagement).Thisamountwassubmittedon28December2022,asanon-demandbidbonddeposittoparticipateinthebiddingprocessfortheJiulongStreetDomesticWasteSortingOperationProject(BiddingNo.:21C00183).Note10:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaPOSsecuritydepositofRMB1,500.00ofsubsidiaryShandongShenguomaoRealEstateManagementCo.,Ltd.Note11:Duetotheneedsofdailybusinessactivities,theCompanyappliedforaloanfromBankofCommunicationsCo.,Ltd.ShenzhenBranchandmortgagedthelanduserightofFuminNewVillage,FutianDistrict.TheloanhasadurationfromNovember27,2020toNovember27,2023andappliesfloatinginterestrates.
VIIInvestmentsMade
1.TotalInvestmentAmount
□Applicable?Notapplicable
2.MajorEquityInvestmentsMadeintheReportingPeriod
?Applicable□Notapplicable
Unit:RMB
| Nameofinvesteecorporation | Mainbusinesses | Investmentmethod | Investedamount | Shareholdingpercentage(%) | Sourceoffund | Partners | Investmentduration | Producttype | Statusasatthebalancesheetdate | Predictedreturn | Investmentreturninthecurrentperiod | Whetherinvolvedinanylegalactions | Dateofdisclosure(ifany) | Disclosureindex(ifany) |
| ShenzhenPropertyManagementCo.,Ltd. | Propertymanagementservices | Acquisition | 206,390,636.61 | 100.00% | Equityfund | ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.andShenzhenSPGInvestmentCo.,Ltd. | Long-term | Equityinterest | Ownershiptransferred | 206,390,636.61 | 1,994,678.06 | No | 15February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinShenzhenPropertyManagementCo.,Ltd. |
| andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-01). | ||||||||||||||
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | Propertymanagementservices | Acquisition | 20,902,006.86 | 100.00% | Equityfund | ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Long-term | Equityinterest | Ownershiptransferred | 20,902,006.86 | 2,904,931.75 | No | 25February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinShenzhenForeignTradePropertyManagementCo.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-06). |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | Propertymanagementservices | Acquisition | 61,147,388.00 | 100.00% | Equityfund | ShenzhenShenfubao(Group)Co.,Ltd. | Long-term | Equityinterest | Ownershiptransferred | 61,147,388.00 | -516,728.17 | No | 25February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-05). |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Buildingprojectconstruction,municipalprojectconstruction,dailyoperationand | Acquisition | 21,839,733.03 | 100.00% | Equityfund | ShenzhenShenfubao(Group)Co.,Ltd. | Long-term | Equityinterest | Ownershiptransferred | 21,839,733.03 | -4,580,230.57 | No | 25February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.and |
| maintenanceofmunicipalpublicfacilities,roadcleaning,etc. | Related-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-05). | |||||||||||||
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Propertysecurityandenterpriseinternalsecurity | Acquisition | 3,935,937.12 | 100.00% | Equityfund | ShenzhenShenfubao(Group)Co.,Ltd. | Long-term | Equityinterest | Ownershiptransferred | 3,935,937.12 | 78,811.51 | No | 25February2022 | Fordetails,seetheAnnouncementontheProgressoftheWholly-ownedSubsidiary'sAcquisitionof100%EquityinThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andRelated-partyTransactionsonwww.cninfo.com.cn(AnnouncementNo.:2022-05). |
| CSCECSmartParkingTechnologyCo.,Ltd. | Investment,construction,operation,etc.ofparkingbusinessandsupportingfacilitiesandequipment | Capitalincrease | 27,352,941.18 | 10.00% | Equityfund | ChinaConstructionScienceandIndustryCorporationLtd. | Long-term | Equityinterest | Capitalincreasecompleted | 27,352,941.18 | 632,605.58 | No | 30December2022 | Fordetails,seetheVoluntaryAnnouncementonaCapitalIncreasetotheDelistedCSCECSmartParkingTechnologyCo.,Ltd.throughaTenderOfferonwww.cninfo.com.cn(AnnouncementNo.:2022-52). |
| Total | -- | -- | 341,568,642.80 | -- | -- | -- | -- | -- | -- | 341,568,642.80 | 514,068.16 | -- | -- | -- |
3.MajorNon-EquityInvestmentsOngoingintheReportingPeriod
□Applicable?Notapplicable
4.FinancialInvestments
(1)SecuritiesInvestments?Applicable□Notapplicable
Unit:RMB
| Varietyofsecurity | Codeofsecurity | Nameofsecurity | Initialinvestmentcost | Accountingmeasurementmethod | Beginningcarryingvalue | Gain/LossonfairvaluechangesinReportingPeriod | Accumulatedfairvaluechangeschargedtoequity | PurchasedinReportingPeriod | SoldinReportingPeriod | Gain/lossinReportingPeriod | Endingcarryingvalue | Accountingtitle | Sourceofinvestmentfunds |
| Domestic/Foreignstock | 400016、420016 | GintianA,GintianB | 3,565,856.06 | Fairvaluemethod | 1,002,551.95 | 0.00 | -168,720.11 | 0.00 | 0.00 | 54,006.80 | 887,838.64 | Investmentsinotherequityinstruments | ObtainedinGintian’sdebtrestructuring |
| Total | 3,565,856.06 | -- | 1,002,551.95 | 0.00 | -168,720.11 | 0.00 | 0.00 | 54,006.80 | 887,838.64 | ||||
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
5.UseofFundsRaised
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
VIIISaleofMajorAssetsandEquityInterests
1.SaleofMajorAssets?Applicable□Notapplicable
| Transactionparty | Assetsold | Dateofsale | Transactionprice(RMB’0,000) | NetprofitcontributedtotheCompanyfromtheperiod-beginto | EffectontheCompany | RatioofthenetprofitcontributedbythesaleoftheassettotheCompa | Pricingprinciple | Related-partytransactionor | RelationshipbetweenthetransactionpartyandtheCompany | Ownershipoftheassetinvolvedhasbeenall | Creditor’srightsandliabilitiesinvolvedhavebeen | Executedasscheduledornot;ifnot,givereasonsandmeasurestaken | Disclosuredate | Indextodisclosedinformation |
| thedateofsale(RMB’0,000) | ny’stotalprofit(%) | not | (applicableforrelated-partytransactions) | transferredornot | alltransferredornot | ||||||||
| LonggangBranchofShenzhenPlanningandNaturalResourcesBureau | LandLotNo.G02408-0002atBaolongStreet,LonggangDistrict,Shenzhen(“BaoluLand”forshort) | 7November2022 | 19,667.57 | -530.85 | Thesaleoftheassethelpscompletelyeliminatetherisksofinactivityfeesandno-compensationrequisition,amongothers,fortheBaoluLand,therebyachievingthepre-determinedgoalsofaquickrealizationandvalueincreaseofstate-ownedassets. | 24.52% | Marketvaluation | No | Non-relatedparty | Yes | Yes | Yes | 16December2022 |
Fordetails,seetheAnnouncementontheProgressoftheReceiptofaLandRequisitionCompensationbyaSubsidiaryonwww.cninfo.com.cn(AnnouncementNo.:
2022-48).
2.SaleofMajorEquityInvestments
□Applicable?Notapplicable
IXPrincipalSubsidiariesandJointStockCompanies
?Applicable□NotapplicablePrincipalsubsidiariesandjointstockcompanieswithanover10%effectontheCompany’snetprofit
Unit:RMB
| Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
| ShenzhenHuangchengRealEstateCo.,Ltd. | Subsidiary | Developmentandsalesofrealestate | 30,000,000.00 | 7,657,167,638.96 | 2,972,163,473.73 | 1,615,509,012.59 | 623,535,541.95 | 468,882,708.28 |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Subsidiary | Developmentandsalesofrealestate | 50,000,000.00 | 22,809,215.04 | -41,495,109.21 | 253,083,803.64 | 36,388,880.48 | 35,287,240.03 |
| ShenzhenInternationalTradeCenterProperty | Subsidiary | Propertymanagementservices | 20,000,000.00 | 1,678,426,626.04 | 313,016,033.66 | 1,661,030,007.13 | 85,991,459.18 | 57,825,200.38 |
| ManagementCo.,Ltd. | ||||||||
| ShenzhenSZPRDUrbanRenewalCo.,Ltd. | Subsidiary | Developmentandsalesofrealestate | 30,000,000.00 | 637,397,817.95 | 132,669,835.56 | 125,289,644.99 | 283,209,126.04 | 203,146,791.45 |
SubsidiariesobtainedordisposedintheReportingPeriod?Applicable□Notapplicable
| Subsidiary | HowsubsidiarywasobtainedordisposedintheReportingPeriod | Effectsonoveralloperationsandoperatingperformance |
| ShenzhenWuheUrbanRenewalCo.,Ltd. | Newlyestablished | Revenue:RMB18.6755millionNetprofit:RMB3.2644million |
| ShenzhenTongluWuheInvestmentDevelopmentCo.,Ltd. | Newlyestablished | Revenue:RMB7.3296millionNetprofit:RMB0.5998million |
| YangzhouWuheRealEstateCo.,Ltd. | Newlyestablished | Revenue:RMB0NetprofitattributabletotheCompanyastheparent:RMB-1.8704million |
| ShenzhenGuomaoIndustrialSpaceServiceCo.,Ltd. | Newlyestablished | Revenue:RMB0NetprofitattributabletotheCompanyastheparent:RMB0.0020million |
| ShenzhenPropertyManagementCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB156.6348millionNetprofit:RMB1.7568million |
| ShenzhenShenwuElevatorCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB5.3699millionNetprofit:RMB0.3131million |
| ShenzhenShenfangRealEstateCleaningCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB9.6523millionNetprofit:RMB-0.0753million |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB39.5823millionNetprofit:RMB2.9049million |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB79.8539millionNetprofit:RMB-0.7402million |
| ShenzhenFubaoUrbanResourceManagementCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB13.6029millionNetprofitattributabletotheCompanyastheparent:RMB0.2235million |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB47.5134millionNetprofit:RMB-4.5802million |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Acquiredundercommoncontrol | Revenue:RMB25.2621millionNetprofit:RMB0.0788million |
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)Businessplanfor2023In2022,themanagementteamoftheGroupconscientiouslyimplementedthedecisionsandarrangementsoftheBoardofDirectorsandthePartyCommitteeandcarriedoutworkaroundkeytasks.Despitebeingconfrontedwithvariouschallengessuchaseconomicdownturn,thegroupactivelyresponded,resultinginitsmajorperformanceindicatorsconsistentlyrankingamongthetopnon-financialenterprisesinthesystemformultipleyears.Regardingprojectdevelopment,milestoneobjectivesweresuccessfullyachievedforBanglingproject,GuangmingYutangUpperMansion,andFuchangPhaseIIproject.Concerningcapitaloperation,thegroupmadeastrategicinvestmentinChinaConstructionScienceandIndustryGroup'ssmartparkingcompany,whichfortifiedthegroup'sequityinvestmentportfolio.Inall,asthepoliciesandmechanismsoftheGroupbecomemoreflexible,theenthusiasmofcadresandemployeesforplanningandentrepreneurshiphasbeenenhanced.Throughouttheyear,theGroupdidnotsufferanymaterialsafetyincidentsormaterialriskstabilitymaintenanceevents,showingapositiveandpromisingopening.In2023,theGroupwilladheretothegeneralworkguidelineof"seekingimprovementinstability".GuidedbyXiJinping'sSocialistThoughtwithChineseCharacteristicsforaNewEra,itwilldeeplystudyandimplementthespiritofthe20thCPCNationalCongress,deeplyunderstandthedecisivesignificanceofthe"twoestablishments",resolutelyfulfillthe"twosafeguards",graspthemajoropportunitiesofShenzhen's"dualzone"drive,"dualzone"overlapand"dualreform"demonstration,andfullyimplementthedecisionanddeploymentoftheState-ownedAssetsSupervisionandAdministrationCommissionofShenzhen.Meanwhile,itwillhighlightthetarget-oriented,problem-orientedandresult-orientedpractices,focuscloselyonthecoreobjectiveof"cashinflow"withpreciseandcontinuousefforts,taketheinitiativetotakecharge,faithfullyperformitsduties,andcontinuetomakegreateffortsin"acceleration,amplification,empowermentandeffectiveness".——Projectacceleration:TheGroupwilldoagoodjobofco-ordination,tightenthechainofresponsibility,compacttheworkresponsibilities,ensuretherigidconstraintsoftimenodes,focusonsolvingtheoutstandingproblemsthatrestricttheconstructionofprojects,solidlypromotethespeedoftheprojectsunderconstructionagain,achievethespeed-upofbothnodeconstructionandsalespaymentcollectionandpromote,ifnecessary,thenodeconstructionshouldbesubordinatedtoandservethesalespaymentcollection.——Capitalamplification:TheGroupwillseizetheonce-in-a-decadeopportunityinthecapitalmarkettoamplifythefunctionsof
state-ownedcapitalandtostrengthenandenlargethelistedCompanythroughthetwo-wheeldriveof"equityanddebt";tomakegooduseoftheadvantagesasastate-ownedenterpriseandthepotentialofthelistingplatformto"amplify"theGroup'sabilitytoobtainresources.——Platformempowerment:FocusingonthethreemajorprioritiesoftheGroup'sheadquarters'overseeingempowerment,secondaryplatformserviceempowerment,andinformationtechnologyempowerment,theGroupwillcontinuetopromotethedownwardshiftofmanagementfocusandmanagementcapabilities,withthefullcoverageoftheentireGroupusingKingdee'sfinancialsystem,HRsystemandOAsystemtointegrateandenhancethetechnicalplatformandservicesystemfortheGroup'sdigitaltransformation.——Effectiveachievementofindicators:Basedontheprincipleof"long-termtargets,medium-termexpectationsandshort-termresults",theGroupwillstrivetoachieveitsannualbudgettargetsandtoexceedthethree-yearrollingplanandreachtheplannedlevels.Additionally,itwillensurethattheannualsalespaymentcollection,additionalfinancingandinvestmentreturntargetsareachieved.Withafocusontheannualprioritytasks,theGroupwillsparenoeffortinfourworkpriorities,i.e.,projectacceleration,capitalamplification,platformempowermentandindicatoreffectiveness,andresolutelyovercomeanumberofdifficultiesaffectingtheadvancementofmajorprojects.Besides,theGroup'sdevelopmentwillbeguidedtowardabenigntrackwherebusinesssegmentsandprojectsmoveforwardtogetherandcompetefordevelopment.TheGroupwillcontinuetobeapioneerinenterprisereformanddevelopment,comprehensivelyaccomplishtheannualtasksandobjectivesandmakenewcontributionstotheGroup'shigh-qualitysustainabledevelopmentandthevisionofbuildingChina'sleadingsmartoperatorofindustry-cityspace.First,theGroupwillcreateconditionsonthebasisofthecurrentresourceendowmentandbusinesslevelandstrivetoaccomplishtheleadingannualindicatorsaccordingtotheplan.Budgettargetssuchasannualrevenueandtotalprofitwillbeachieved.Regardingthesaleswork,theprincipleof"earlyplanning,earlyarrangementsandearlysalespaymentcollection"willbefollowed.ThegroupwillexertefforttoattainthesalestargetfortheJinlingproject,deliverandcompletetheFuchangPhaseIIproject,andensuretimelyopeningofprojectssuchasBangling,Guangming,andHumen.Second,theGroupwillovercomedifficulties,strengthennodemanagementandachievetheoverallaccelerationofprojectsunderconstruction.Schedulecontrolwillbeintensified,responsibilitieswillbefulfilledandimprovementswillbemadeinthecapabilityofcommandingandcontrollingprojectsandtheoperatingefficiency.Thefollowingworkneedstobedonefornewlystartedprojectsinaforward-lookingmanner,includingschemedesign,constructiondrawingdesign,thedeterminationofcosttargetsatvariousphasesandtheimplementationofbiddingandtenderingplans.Suchworkwillbematchedseamlesslywiththephasedplansandwillbecarriedoutaheadofschedulemoderately,toensurethateachprojectisimplementedwithbothqualityandquantityguaranteedinstrictaccordancewiththephasedplans.Additionally,thepaceoftheFuchangPhaseIIprojectwillbeadvancedinanorderlymanner.TheconstructionprogressoftheSeaBayGardenprojectinHumenTown,DongguanandtheYutangShangfuprojectinGuangmingDistrict,Shenzhenwillbevigorouslypushedforward.ContinuouseffortswillbeputintotheconfirmationoflandrightsfortheHuiyangDanshuiproject,theestablishmentofprojectcompanies,andthescopingoftherenewalunitfortheFuyuanIndustryParkproject,amongothers.Third,theGroupwillcontinuetostrengthenthebuildingofindependentoperatingcapacityofsecondaryplatformcompanies,thedevelopmentofplatformfunctionsandtheplayingofrolesandsticktothedevelopmentpatternofrealestateasthemainbusiness.Astandardizedmodelofthewholeprocessofrealestateprojectdevelopmentwillbebuilt.Theresultsofrealestateworkconferenceswillbeimplemented,aswellastheimprovementplansof"3+1"forprojectmanagementand"1+5"forcostmanagement.Continuouseffortswillbemadetoimprovetheprojectdevelopmentmanagementsystemandachievethecomplementation,synergyandcoordinationamongthebusinesslinesintheGroup'sprojectdesign,construction,biddingandtenderingandmarketing.Inaddition,theGroupwillcompareitsprojectswithbenchmarkingprojectsoftheindustrytoenhancethemanagementlevelandbuildanefficient,standardizedmodelofthewholeprocessofrealestateprojectdevelopmenttoguaranteetheefficientandstableoperationofprojectsduringthewholelifecycle.Withrespecttothepropertymanagementsegment,thehigh-qualityexpansionwillbespedupandvariousstepswillbetakentoenhancetheinternalmanagementlevel.Accordingtothe
annualtarget,externalM&Asandendogenousexpansionwillbestrengthenedandtheintegrationofpropertymanagementassetsinthesystemwillcontinuetobepromoted,inabidtoachievethetargetofadding10millionsquaremetersofmanagementscalethroughM&Aswithintheyear.Furthermore,theopportunityfrominspectionandremediationwillbeusedforcomprehensiveremediationandthebuildingofaservicestandardizationsystemwillbedeepenedsothatitwillmatchthestrategicpositioningofthesystem'spropertymanagementplatformassoonaspossible.Thefocuswillbeplacedonimprovingthequalityandefficiencyofstockassetsandtransformationandupgradingwillbeaccelerated.Thegrowthofannualrentalincomeshallnotbelessthan10%andtheaverageoccupancyrateshallnotbelessthan95%.Withtheestablishmentofanindicatorsystemforqualityandefficiencyimprovementassessmentofstockpropertiesandanincentiveandrestraintmechanism,theformattransformationandupgradingofoldpropertieswillbepromotedandthestockassetmanagementwillchangefrom"passivelease"to"activeoperation".Fourth,theGroupwilladheretotheParty'soverallleadership,promotethedecentralizationofbusinessfocus,thedownwardshiftofmanagementprioritiesandthepenetrationofmanagementcapabilities.TheGroupwillcontinuetoconsolidatethePartybuilding,strengthenthebuildingofgrass-rootsPartyorganizationsandPartymembers,givefullplaytotheParty'spoliticalleadershiptofacilitateoperationanddevelopmentandcarryoutcharacteristicthemePartybuildingandcorporateculturepublicityandcreationactivitiesinduetime.Thegroupwillleveragethechanceprovidedbythethirdroundofinspectionsconductedbythepartycommittee,thesecondroundoffollow-upinspections,andtheresolutionofissuesidentifiedinthe2022administrativesupervisionandinspectiontoholisticallyenhancethegroup'soverallmanagementlevel.Financialmanagementwillaimatimprovingtheefficiencyandeffectivenessofresourceutilization.Thecorrespondingmeasuresincludeoptimizingresourceallocation,tighteningbudgetcontrolandassessment,strengtheningindustry-financeintegration,financialanalysisandtaxmanagementandraisingfundsthroughmultiplechannels.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,maintainastrictandtightpreventionandcontrolposture,andresolutelysafeguardstabilityandunity.(IV)Potentialrisks
1.MarketriskUndertheguidanceofthepolicythat"housesareforlivingin,notforspeculatingon",thedemandsideoftherealestatemarketremainsinthedownwardchannel.Consequently,thedevelopmentspaceofthepropertyindustryhasbeenconstantlycompressed,industryprofitshavefallensharplyandtherehasbeenashiftfromlanddividendstomanagementdividends.Inparticular,itposesunprecedentedchallengestobusinesscapabilitiessuchascostdesignandengineering.TheadvancementofurbanrenewalprojectsisconfrontedwithcomplicatedconditionsandformidableobstaclesandtheCompany'sbusinessanddevelopmentfaceopportunitiesandchallenges.Undergrimcircumstances,theCompanythoroughlystudiedtheopportunitiesandchallengesbroughtaboutbymacroeconomic
trendsandpolicymovements,activelysoughtthestrategicbreakthroughdirectionandadheredtoprudentoperation.Additionally,itraisedfundsfrommultiplechannels,focusedonenhancingthemanagementlevelandseizedopportunitiesinthelandmarket.BasedinShenzhen,theCompanyaimstoextenditspresencetotheGuangdong-HongKong-Macaometropolitanareaandsurroundingareasandstrivestoimproveitssustainabledevelopmentcapabilities.
2.LandReserveRiskAsamatteroffact,theCompanystilllacksenoughlandreservesanddevelopmentpoweratlaterstages.Inrecentyears,thesupplyofresidentiallandonShenzhenMarkethascontinuouslydeclined.Variouslarge-scalerealestateenterpriseshaveenlargedtheirmarketsharesandacceleratedtheirM&Apace.Whiletherealestateindustryiscentralizing,thedegreeofcentralizationofthelandreservescalehasalsobeenenhanced.Astheexternalenvironmentandtheindustry’strendbecomemuchmorecomplicatedandsevere,theincrementmarketscalewillfurthershrinkandthemarketcompetitionwillbecomeincreasinglyfierce.Facingthechallenges,theCompanywillcontinuetoexpandthroughmarketcompetition,capitaloperationandurbanrenewal,increaselandreservesandpromotethelaunchofprojects.Inrespecttopropertytype,residentialprojectswillfocusonGuangdong-HongKong-MacaoGreaterBayArea,YangtzeRiverDeltametropolitanareaandareaswhereexistingprojectslocate,andgraduallyturntocentralurbanagglomerationsurroundingWuhan,keycitiesinChengdu-ChongqingintheWestandthoseinBeijing,TianjinandHebei.UrbanrenewalprojectswillfocusonShenzhen,DongguanandHuizhou,andfollow-upofurbanrenewalprojectsinGuangzhou.ComprehensiveindustryandurbanprojectswillfocusonGuangdong-HongKong-MacaoGreaterBayArea,YangtzeRiverDeltaregion,WuhanregioninthecentralpartandChengdu-ChongqingareaintheWest.
3.FinancingRiskIntheprocessofactivelyincreasinglandreservesandacceleratingthebusinessdevelopmentintherecentyears,theCompanyneedstoinvestalargeamountoffundsforlandacquisitionandprojectdevelopment.Inadditiontoitsownfunds,theCompany’sprojectdevelopmentfundsneedtobeexternallyfinancedthroughbankloansandissuingsecurities.Currently,theCompanyhassteadyfinancialsituationandgoodcreditcondition,andwillfurtherstrictlycontrolfinancialrisks,activelyexplorevariousfinancingchannelssoastoraisefundsforprojectdevelopmentinthefuture.TheabovebusinessplanandbusinessobjectivesdonotrepresentthelistedCompany’sprofitforecastfor2023.Whetheritcanbeachieveddependsonvariousfactorsincludingchangesinmarketconditionsandtheeffortmadebythemanagementteam.Investorsmustpayspecialattentiontothatbecausethereexistshugeuncertainty.XIICommunicationswiththeInvestmentCommunitysuchasResearches,InquiriesandInterviewsduringtheReportingPeriod?Applicable□Notapplicable
| Dateofvisit | Placeofvisit | Wayofvisit | Typeofvisitor | Visitor | Contentsandmaterialsprovided | Indextorelevantinformation |
| 17February2022 | TheCompany | Other | Individual | Individual | Inquiringaboutlandreservesituation | N/A |
| 24February2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthedisclosuretimeofthe2021annualreport | N/A |
| 24February2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'srelatedbusinesslayout | N/A |
| 13March2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'srelatedbusinesslayout | N/A |
| 22March2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthescopeofthecompany'sbusiness | N/A |
| 31March2022 | TheComp | Other | Individual | Individual | Inquiringaboutthedisclosuretimeofthe | N/A |
| any | company'squarterlyreport | |||||
| 1April2022 | TheCompany | Other | Individual | Individual | Inquiringaboutdividenddistribution | N/A |
| 5April2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'sfulfillmentofsocialresponsibility | N/A |
| 7April2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthedevelopmentofthecompany'smainbusiness | N/A |
| 18April2022 | TheCompany | Other | Individual | Individual | Inquiringaboutissuesrelatedtoinformationdisclosure | N/A |
| 27April2022 | TheCompany | Other | Individual | Individual | Inquiringwhetherthecompanyislaunchingnewbusinesses | N/A |
| 28April2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthisyear'sperformancehighlights | N/A |
| 5May2022 | TheCompany | Other | Individual | Individual | Inquiringabouttheimpactofthe"BeltandRoad"policyonthecompany'soperations | N/A |
| 9May2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'slandreservesituationandpendingdevelopmentprojects | N/A |
| 25May2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'sprofitability | N/A |
| 26May2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'slandreservesituation | N/A |
| 28May2022 | TheCompany | Other | Individual | Individual | InquiringaboutJinlingsalessituation | N/A |
| 28May2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthegroup'ssupervisionofitssubsidiaries | N/A |
| 31May2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthenumberofshareholders | N/A |
| 1June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutdividenddistribution | N/A |
| 6June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthedisclosureoftheannualreport | N/A |
| 7June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthetimingofperiodicinformationdisclosure | N/A |
| 8June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthestatusofpropertiesforsale | N/A |
| 10June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'sshareholdersituation | N/A |
| 10June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutdividenddistribution | N/A |
| 13June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutdividenddistribution | N/A |
| 14June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthenumberofcompanyshareholders | N/A |
| 15June2022 | TheComp | Other | Individual | Individual | Inquiringaboutthecompany'sfuture | N/A |
| any | developmentplan | |||||
| 15June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'sinvestmentplan | N/A |
| 16June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutlandreservesituation | N/A |
| 17June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'sfuturedevelopmentplan | N/A |
| 23June2022 | TheCompany | Other | Individual | Individual | Inquiringaboutdividenddistribution | N/A |
| 1July2022 | TheCompany | Other | Individual | Individual | InquiringabouttheGuanlanBanglingprojectsituation | N/A |
| 21July2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'sfuturedevelopmentplan | N/A |
| 28July2022 | TheCompany | Other | Individual | Individual | Inquiringaboutsolutionstoindustrycompetition | N/A |
| 1August2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthestate-ownedenterprisereformbytheState-ownedAssetsSupervisionandAdministrationCommission | N/A |
| 27November2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthenumberofcompanyshareholders | N/A |
| 29November2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'sfuturecooperationplan | N/A |
| 7December2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'sbusinessdevelopmentsituation | N/A |
| 9December2022 | TheCompany | Other | Individual | Individual | Inquiringaboutthecompany'smeasurestocopewiththerealestateindustry'srefinancingpolicy | N/A |
| 10December2022 | TheCompany | Other | Individual | Individual | Providingsuggestionsforthecompany'sdevelopment | N/A |
PartIVCorporateGovernance
IGeneralInformationofCorporateGovernanceTheinternalcontrolsystemoftheCompanyiscomplete,accomplishedanddefinedthatinaccordancewithCompanyLaw,ArticlesofAssociationandotherlawsandregulationsaswellasrequirementsofregulatorydocuments.TheconveneofShareholders’GeneralMeeting,theBoardofDirectorsandSupervisoryBoardarestrictlyinaccordancewithrelevantrulesandregulations,alldirectorsandsupervisorsearnestlyanddiligentlycommittheirresponsibilities.CorporatestructureoftheCompanyiscompleteandtheoperationoftheCompanyisstandardized.Organizedbytheprincipleofbeingscientific,simplifiedandhighefficient,theCompany’sdepartmentsandinstitutionscurrentlyincludeParty-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.Inaspectofbusiness:TheCompanywasindependentfromthecontrollingshareholderwithindependentandcompletebusinessandindependentoperationcapability.Therewasnobusinesswhichwassameorcompetitivewiththecontrollingshareholder.Inaspectofpersonnel:
TheCompanywascompleteindependentfromthecontrollingshareholderintermsoflaborandpersonnel,managementonremuneration.PersonneloftheCompanyareindependent,allonessignedlaborcontractwiththeCompany.TheCompanywasindependentfromtheshareholdersorotherrelatedpartiesinpersonnelmanagement,socialsecurity,salaryetc.Inaspectofasset:
TheCompany’sassetswerecompleteandindependent,thepropertyrelationshipwasclear.Therewasnocapitaloccupationbycontrollingshareholder,andassetsoftheCompanywerecompletelyindependentfromcontrollingshareholder.Inaspectoforganization:TheCompany’sorganizationwasindependent,andtheCompanyimplementedrulesandregulationsaswellasresponsibilitiesforalldepartments,formedindependentresponsibilitiesandrights,scientificandrationalinternalcontrolsystem.Inaspectoffinance:TheCompany’sfinancewasindependentwithindependentfinancedepartment.TheCompanyestablishedtheindependentfinancesettlingsystemandfinancialmanagementsystem,haditsownfinanceaccountandpaidthetaxinlinewithlaws,runfinancedecision-makingindependently.ThecontrollingshareholderoftheCompanyperformednormativelywithnoconductthatintervenedwiththeoperationdecision-makingandoperationactivitiesdirectlyorindirectlyovertheshareholders’generalmeeting,however,thecontrollingshareholdercouldinfluenceonthesignificantdecision-makingthroughthesharesholding.
IIIHorizontalCompetition
?Applicable□Notapplicable
| 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,SIHCwillstartthesolutionwithpracticaloperabilityamongbelowhorizontalcompetitionsolutiontimelyandcompleteimplementationofthesolutionwithin3yearsfromthedatethattheequityofSZPRDistransferredtoSIHCtosolvecurrenthorizontalcompetitionproblems:(1)ShenzhenConstructionDevelopmentsignsassetcustodyagreementwiththeListedCompany,entruststheassetswhichhasdirectcompetitionwiththeListedCompanytotheListedCompany,confirmsfaircustodianfeeatthesametime,andtakeseffectivemeasurestosolvehorizontalcompetitionwithincommitmentperiod;(2)InjectassetswithdirectcompetitionwiththeListedCompanyintotheListedCompany;(3)TransferassetswithdirectcompetitionwiththeListedCompanytounrelatedthirdparty;(4)othermeasureswhichcansolvehorizontalcompetitioneffectivelyandisfavorableforprotectingtheinterestoftheListedCompanyandlegalinterestsofothershareholders.Before
solvingcurrenthorizontalcompetition,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 | Type | Investorparticipationratio | Dateofthemeeting | Disclosuredate | Resolutions |
| The2021AnnualGeneralMeeting | AnnualGeneralMeeting | 60.68% | 17May2022 | 18May2022 | ThereportsandproposalsdeliberatedandapprovedatthemeetingincludedtheReportontheWorkoftheBoardofDirectorsin2021,theReportontheWorkoftheBoardofSupervisorsin2021,the2021AnnualReport,the2021 |
| FinancialAccountsReport,the2022FinancialBudgetReport,thePlanonProfitDistributionandCapitalizationfromCapitalReservein2021,theProposalontheComprehensiveCreditLinefor2022,theProposalonEstimatedRoutineRelated-partyTransactionsfor2022andtheProposalonRenewingtheEngagementofAccountingFirm.Fordetails,pleaserefertotheAnnouncementontheResolutionsofthe2021AnnualGeneralMeeting(No.:2022-19)onwww.cninfo.com.cn. | |||||
| The1stExtraordinaryGeneralMeetingof2022 | ExtraordinaryGeneralMeeting | 59.98% | 20July2022 | 21July2022 | Duringthemeeting,theproposalsbelowwerereviewedandapproved:"ParticipationoftheSubsidiaryintheDongguanHumenChigangCommunity2021WR023LandUseRightsAuctionandSubsequentLandDevelopment","ParticipationoftheCompanyintheShenzhenGuangmingYutangA606-0258LandUseRightsAuctionandSubsequentLandDevelopment","PurchaseofLiabilityInsuranceforDirectors,Supervisors,andSeniorManagement"and"ElectionofMr.MaHongtaoastheShareholderRepresentativeSupervisoroftheTenthSupervisoryBoardoftheCompany".Foradditionalinformation,pleaserefertotheannouncementofresolutionsmadeatthe2022FirstExtraordinaryShareholders'Meeting,withthereferencenumber2022-31ontheChinaSecuritiesRegulatoryCommissionInformationNetwork. |
2.SpecialGeneralMeetingsConvenedattheRequestofPreferredShareholderswithResumedVotingRights
□Applicable?Notapplicable
VDirectors,SupervisorsandSeniorManagement
1.GeneralInformation
| Name | Officetitle | Incumbent/Former | Gender | Age | Startoftenure | Endoftenure | Beginningshareh | IncreaseintheRe | Decreaseinthe | Otherincrease/de | Endingshareholdi | Reasonforsharechange |
| olding(share) | portingPeriod(share) | ReportingPeriod(share) | crease(share) | ng(share) | |||||||
| LiuShengxiang | PartySecretaryandChairmanoftheBoard | Incumbent | Male | 52 | 15June2018 | 26September2024 | |||||
| WangHangjun | Director,DeputyPartySecretary,GM | Incumbent | Male | 57 | 15June2018 | 26September2024 | |||||
| ZhangZhimin | Director,DeputyPartySecretary | Incumbent | Male | 46 | 29June2022 | 26September2024 | |||||
| ShenXueying | DirectorandCFO | Incumbent | Female | 54 | 15June2018 | 26September2024 | |||||
| WangGe | Director | Incumbent | Male | 52 | 15June2018 | 26September2024 | |||||
| XieChang | Director | Incumbent | Male | 51 | 7April2020 | 26September2024 | |||||
| MeiYonghong | IndependentDirector | Incumbent | Male | 59 | 15June2018 | 26September2024 | |||||
| LiDonghui | IndependentDirector | Incumbent | Male | 51 | 27September2021 | 26September2024 | |||||
| HuCaimei | IndependentDirector | Incumbent | Female | 41 | 27September2021 | 26September2024 | |||||
| MaHongtao | ChairmanoftheSupervisoryCommittee | Incumbent | Male | 55 | 21July2022 | 26September2024 | |||||
| ZhangManhua | Supervisor | Incumbent | Male | 48 | 15June2018 | 26September2024 | |||||
| LiQinghua | Supervisor | Incumbent | Male | 41 | 15June2018 | 26September2024 | |||||
| WangQiuping | EmployeeSupervisor,ExecutiveDirectorofITCPark,SecretaryofthePartyCommittee | Incumbent | Female | 53 | 15June2018 | 26September2024 | |||||
| GuWeimin | EmployeeSupervisor,DisciplineInspectionDirector,DeputySecretaryoftheDisciplineInspectionCommission | Incumbent | Female | 42 | 15June2018 | 26September2024 | |||||
| ChenHongji | MemberofthePartyCommitteeandDeputyGM | Incumbent | Male | 54 | 28December2020 | 26September2024 | |||||
| CaiLili | MemberofthePartyCommitteeandDeputyGM | Incumbent | Female | 51 | 15June2018 | 26September2024 | |||||
| LiPeng | MemberofthePartyCommitteeandDeputyGM | Incumbent | Male | 47 | 15June2018 | 26September2024 | |||||
| ZhangGejian | MemberofthePartyCommittee,DeputyGMandBoard | Incumbent | Male | 48 | 15June2018 | 26September2024 |
| Secretary | ||||||||||||
| WeiXiaodong | Director,DeputyPartySecretary | Former | Male | 53 | 15June2018 | 29June2022 | ||||||
| DaiXianhua | ChairmanoftheSupervisoryCommitteeandSecretaryoftheDisciplineInspectionCommission | Former | Male | 61 | 15June2018 | 20July2022 | ||||||
| Total | -- | -- | -- | -- | -- | -- | 0 | 0 | 0 | 0 | 0 | -- |
Indicatewhetheranydirector,supervisororseniormanagementresignedbeforetheendoftheirtenureduringtheReportingPeriod.?Yes□No
(1)Mr.WeiXiaodongsubmittedawrittenresignationreporton29June2022,withhisresignationeffectiveimmediatelyuponreceiptbythecompany.
(2)Mr.DaiXianhuasubmittedawrittenresignationreporttothecompanyon4July2022,withhisresignationtakingeffecton20July2022,whenanewsupervisorwaselectedatthecompany'sshareholdermeeting.Changeofdirectors,supervisorsandseniormanagement:
?Applicable□Notapplicable
| Name | Officetitle | Typeofchange | Dateofchange | Reasonforchange |
| WeiXiaodong | Director,DeputyPartySecretary | Former | 29June2022 | Reappointment |
| DaiXianhua | ChairmanoftheSupervisoryCommitteeandSecretaryoftheDisciplineInspectionCommission | Former | 20July2022 | Retirement |
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)oftheCompanysinceSeptember2017.Concurrently,hewastheSecretaryofthePartyCommittee,ExecutiveDirectorandGM(fromAugust2018toMay2020)inShenzhenToukongPropertyManagementCo.,Ltd..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.ZhangZhimin,borninOctober1977,isaChineseCommunistPartymemberwhoholdsamaster'sdegree.In2016,hejoinedtheState-ownedAssetsSupervisionandAdministrationCommissionoftheShenzhenMunicipalPeople'sGovernment,wherehehasheldvariousrolesincludingchiefstaffmemberoftheoffice(petitionoffice),chiefstaffmemberoftheoffice(partycommitteeoftheoffice),deputyresearcheroftheoffice(partycommitteeoftheoffice),fourth-levelresearcheroftheoffice,andthird-levelresearcheroftheoffice(partycommitteeoftheoffice).SinceMay2022,hehasservedasthedeputysecretaryofthecompany'spartycommittee,andsinceJune2022,hehastakenonadditionalrolesasthecompany'sdirector,deputysecretaryofthepartycommittee,andchairmanofthelaborunion.Ms.ShenXueying,borninOctober1969,memberoftheCommunistPartyofChina,BachelorofEconomics,isasenioraccountant.Ms.ShenXueyinghasbeenengagedinthefinancialmanagementoflistedcompaniesfornearly30years.ShejoinedtheFinanceDepartmentoftheCompanyin1991andsuccessivelyservedastheclerkanddeputymanagerofthefinancialmanagementdepartmentoftheCompany.ShewasthemanagerofthefinancialmanagementdepartmentoftheCompanyfrom2007-2018andhasservedastheCFOofChinaShenzhenForeignTrade(Group)Corp.,Ltd.sinceMarch2020.NowsheiscurrentlytheDirectorandChiefFinancialOfficeroftheCompany.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,ChinaDevelopmentInstituteandhasbeenlongengagedinpolicyresearchandconsultationinfinanceand
state-ownedassetsandenterprises,withextensiveexperienceintheconsultationonthereformanddevelopmentofstate-ownedassetsandenterprises.Shepresidedoverandparticipatedinanumberofnational,ministerialandprovincialscientificresearchprojectsandmorethan50consultingtopics.Manyofherresearchresultswereadoptedbygovernmentdepartmentsandwonscientificresearchawards.MembersoftheSupervisoryCommittee:
Mr.MaHongtaowasborninOctober1968andholdsamaster'sdegree.HeisamemberoftheChineseCommunistParty.Throughouthiscareer,Mr.Mahasheldvariouspositionsinthebankingsector.From1991to2000,heworkedattheBankofChinaTaiyuanBranchasacashier,auditor,creditsectionchief,anddeputydirectoroftheoffice.Followingthat,heservedasthebranchmanageranddepartmentgeneralmanagerofChinaMinshengBankTaiyuanBranchfrom2000to2004.From2004to2016,heheldthepositionofbusinesssupervisoranddepartmentgeneralmanagerattheheadofficeofChinaMinshengBank.From2016to2019,Mr.Matookastudytourandprovidedteachingsupportinmountainousareas.HethenservedasthedeputygeneralmanagerofthefinancedepartmentandcapitaldirectorofKeluElectronicsCo.,Ltd.from2019to2020.From2020to2022,hewasthegeneralmanageroftheofficeofWanheSecuritiesCo.,Ltd.Currently,Mr.Maisthechairmanofthesupervisoryboardofthecompany.HehasheldthispositionsinceJuly2022.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.HehasworkedinShenzhen
MunicipalPeople'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)Corp.,Ltd.sinceMarch2020,andnowsheistheDirector,andChiefFinancialOfficeroftheCompany.Officesheldconcurrentlyinshareholdingentities:
?Applicable□Notapplicable
| 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 | |
| Note | Exceptforthemajorofficesheldconcurrentlyinshareholdingentitiesabove,DirectorsWangGeandXieChang,aswellasSupervisorsZhangManhuaandLiQinghuaalsoserveasDirectororSupervisorinanumberofnon-listedsubsidiariesorinvestedcompaniesofrelevantshareholders. | ||||
Officesheldconcurrentlyinotherentities:
?Applicable□Notapplicable
| Name | Otherentity | Officeheldintheentity | Startoftenure | Endoftenure | Remunerationorallowancefromtheentity |
| ShenXueying | ChinaShenzhenForeignTrade(Group)Co.,Ltd. | ChiefFinancialOfficer | 1March2020 | No | |
| MeiYonghong | BGIAgriculturalGroup,CountyGarden | ChairmanofBGIAgriculturalGroup,VicepresidentofCountyGardenGroup&CEOofCountryGardenHoldingsCo.Ltd. | 1September2015 | Yes | |
| LiDonghui | ShenzhenUniversity | Distinguishedprofessor,doctoralsupervisor,directoroftheProfessorCommitteeoftheSchoolofEconomics | 1April2019 | Yes | |
| HuCaimei | China(Shenzhen)DevelopmentInstitute | DeputyDirectoroftheInstituteofFinancialDevelopmentandState-ownedAssetsandEnterprises | 1November2016 | Yes | |
| Note | N/A | ||||
Punishmentsimposedintherecentthreeyearsbythesecuritiesregulatorontheincumbentdirectors,supervisorsandseniormanagementaswellasthosewholeftintheReportingPeriod:
□Applicable?Notapplicable
3.RemunerationofDirectors,SupervisorsandSeniorManagement
Decision-makingprocedure,determinationbasisandactualpaymentsofremunerationfordirectors,supervisorsandseniormanagement:
DuringthisReportingPeriod,theboardandthemanagementoftheCompanysignedstatementofoperationobjectivesresponsibilityfor2022,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-taxremunerationfromtheCompanyduringtheReportingPeriod | Anyremunerationfromrelated | |
| Total | Ofwhich | ||||||
| Salaries | Mandatedbenefits | Feefordirector/supervisorand/ormeetingallowances | party | ||||||
| LiuShengxiang | PartySecretaryandChairmanoftheBoard | Male | 52 | Incumbent | 122.33 | 93.48 | 28.85 | N/A | No |
| WangHangjun | Director,GM | Male | 57 | Incumbent | 116.36 | 88.12 | 28.24 | N/A | No |
| ZhangZhimin | Director,DeputyPartySecretary | Male | 46 | Incumbent | 50.89 | 39.14 | 11.75 | N/A | No |
| WeiXiaodong | Director,DeputyPartySecretary | Male | 53 | Former | 43.53 | 36.06 | 7.47 | N/A | No |
| ShenXueying | DirectorandCFO | Female | 54 | Incumbent | 140.79 | 118.52 | 22.27 | N/A | No |
| WangGe | Director | Male | 52 | Incumbent | 0 | 0 | 0 | N/A | Yes |
| XieChang | Director | Male | 51 | Incumbent | 0 | 0 | 0 | N/A | Yes |
| MeiYonghong | IndependentDirector | Male | 59 | Incumbent | 8 | 8 | 0 | N/A | Yes |
| LiDonghui | IndependentDirector | Male | 51 | Incumbent | 8 | 8 | 0 | N/A | No |
| HuCaimei | IndependentDirector | Female | 41 | Incumbent | 8 | 8 | 0 | N/A | No |
| MaHongtao | ChairmanoftheSupervisoryCommittee | Male | 54 | Incumbent | 64.64 | 53.68 | 10.96 | N/A | No |
| DaiXianhua | ChairmanoftheSupervisoryCommittee,SecretaryofCommitteeforDisciplineInspection | Male | 61 | Former | 59.41 | 52.05 | 7.36 | N/A | No |
| ZhangManhua | Supervisor | Male | 48 | Incumbent | 0 | 0 | 0 | N/A | Yes |
| LiQinghua | Supervisor | Male | 41 | Incumbent | 0 | 0 | 0 | N/A | Yes |
| WangQiuping | Employeesupervisor,executivedirectorofITCTechnologyPark,PartySecretary | Female | 53 | Incumbent | 87.03 | 68.93 | 18.1 | N/A | No |
| GuWeimin | Employeesupervisor,DirectorofDisciplineInspectionOffice,andDeputySecretaryoftheDisciplineInspectionCommission | Female | 42 | Incumbent | 85.75 | 69.59 | 16.16 | N/A | No |
| ChenHongji | MemberofthePartyCommittee,ViceGM | Male | 54 | Incumbent | 105.33 | 82.37 | 22.96 | N/A | No |
| CaiLili | MemberofthePartyCommittee,ViceGM | Female | 51 | Incumbent | 105.33 | 82.37 | 22.96 | N/A | No |
| LiPeng | MemberofthePartyCommittee,ViceGM | Male | 47 | Incumbent | 105.33 | 82.37 | 22.96 | N/A | No |
| ZhangGejian | MemberofthePartyCommittee,ViceGM,BoardSecretary | Male | 48 | Incumbent | 103.24 | 80.28 | 22.96 | N/A | No |
| Total | -- | -- | -- | -- | 1,213.96 | -- | -- | ||
PayStatement:
(1)Thepaycomprisesofafixedsalary,2021performancebonus,andcommunicationallowance.Thecompanyprovidesstatutorybenefits,includingsocialinsurance,enterpriseannuity,andhousingprovidentfund,incompliancewithregulations.
(2)Thetabledoesnotincorporatethe2021long-termincentivebonusesgrantedtodirectorsLiuShengxiang,WangHangjun,WeiXiaodong,andseniormanagersChenHongji,CaiLili,LiPeng,andZhangGejian.ThebonusesamounttoRMB849,100,RMB591,200,RMB487,000,RMB208,800,RMB384,800,RMB243,200,andRMB245,800,respectively,andwillbepaidin2022.Theestimatedlong-termincentivebonusesforthementioneddirectorsandseniormanagersin2021conformtotherelevantrulesandregulations.However,theactualpaymentamountwillprevail.
(3)Allofthementionedbonusesarepre-taxamounts.
VIPerformanceofDutybyDirectorsintheReportingPeriod
1.BoardMeetingsConvenedduringtheReportingPeriod
| Meeting | Dateofthemeeting | Disclosuredate | Resolutions |
| The6thMeetingofthe10thBoardofDirectors | 21February2022 | 22February2022 | Rewrite:Theboardofdirectorsapprovedvariousproposals,includingAppointmentoftheGeneralManageroftheCompany,AppointmentofViceGeneralManagerandFinancialOfficeroftheCompany,andAppointmentoftheChiefFinancialOfficeroftheCompany.Formoredetails,pleaserefertotheAnnouncementoftheResolutionsoftheSixthMeetingoftheTenthBoardofDirectors,withtheidentificationnumberof2022-03,onthewebsiteoftheChinaSecuritiesRegulatoryCommission(CSRC)InformationDisclosurewebsite. |
| The7thMeetingofthe10thBoardofDirectors | 3March2022 | 4March2022 | Theboardofdirectorshasgiventheirapprovaltoseveralproposals,suchasSigningPostAppointmentAgreementsandTermBusinessPerformanceResponsibilityLettersbyMembersoftheCompany'sManagementProposalandFormulatingtheAuthorizationManagementMeasuresoftheBoardofDirectorsofShenZhenProperties&ResourcesDevelopment(Group)Ltd.totheManagementProposal,amongothers.AdditionalinformationcanbefoundintheannouncementoftheSeventhMeeting'sResolutionsoftheTenthBoardofDirectors,identifiedas2022-07,ontheChinaSecuritiesRegulatoryCommission(CSRC)InformationDisclosurewebsite. |
| The8thMeetingofthe10thBoardofDirectors | 29March2022 | 30March2022 | Theboardofdirectorshasapprovedarangeofproposals,whichincludetheWorkReportoftheBoardofDirectorsfor2021,AnnualReportfor2021,FinancialFinalAccountReportfor2021,FinancialBudgetReportfor2022,ProposalonProvisionandReductionofVariousAssetImpairmentReserves,ProposalonProfitDistributionandCapitalizationofReserveFundfor2021,ProposalonComprehensiveCreditLimitsandFinancingLimitsfor2022,ProposalonOperatingPlanandInvestmentPlanfor2022,InternalControlEvaluation |
| Reportfor2021,ProposalonEstimatedRoutineRelatedTransactionsfor2022,andProposalonRenewingtheEngagementofAccountingFirm.FurtherdetailsareavailableintheAnnouncementoftheBoardofDirectors'Resolutions,identifiedas2022-10,ontheChinaSecuritiesRegulatoryCommission(CSRC)InformationDisclosurewebsite. | |||
| The9thMeetingofthe10thBoardofDirectors | 26April2022 | 27April2022 | Theboardofdirectorshasgiventheirapprovaltoseveralproposals,suchastheProposalonSigningPerformanceTargetResponsibilityLettersforSeniorManagementin2022,ProposalonConveningthe2021Shareholders'Meeting,Company'sFirstQuarterReportfor2022,amongothers.AdditionalinformationcanbefoundintheAnnouncementoftheBoardofDirectors'Resolutions,identifiedas2022-16,ontheChinaSecuritiesRegulatoryCommission(CSRC)InformationDisclosurewebsite. |
| The10thMeetingofthe10thBoardofDirectors | 4July2022 | 5July2022 | Theboardofdirectorshasapprovedmultipleproposals,suchastheProposalonSubsidiariesParticipatinginBiddingfortheUseRightofLandNo.2021WR023inChigangAreaofHumen,DongguanandSubsequentLandDevelopment,ProposalonCompany'sParticipationinBiddingfortheUseRightofLandA606-0258inYutang,Guangming,ShenzhenandSubsequentLandDevelopment,ProposalonPurchasingLiabilityInsuranceforDirectors,SupervisorsandSeniorManagement,ProposalonConveningtheFirstExtraordinaryGeneralMeetingof2022,ProposalonChangingtheNameoftheAuditCommitteeoftheBoardofDirectors,ProposalonAdjustingtheListofMembersofSomeSpecialCommitteesofthe10thBoardofDirectors,ProposalonthePerformanceCommitmentCompletionofITCTechnologyParkShenzhenITCTechnologyParkServiceCo.,Ltd.(formerlyShenzhenToukongPropertyManagementCo.,Ltd.(TKProperty)for2019-2021,andothers.Formoreinformation,pleaserefertotheAnnouncementoftheResolutionsoftheTenthMeetingoftheTenthBoardofDirectors,identifiedas2022-22,ontheChinaSecuritiesRegulatoryCommission(CSRC)InformationDisclosurewebsite. |
| The11thMeetingofthe10thBoardofDirectors | 26August2022 | 29August2022 | Duringthemeeting,theboardofdirectorspassedthe2022InterimReportoftheCompanyandtheProposalonRevisingtheInternalControlSystemofShenZhenProperties&ResourcesDevelopment(Group)Ltd..Tolearnmoreaboutthesematters,pleaserefertotheAnnouncementofBoardResolutionsfortheInterimReportwiththenumber2022-37,whichcanbefoundontheChinaSecuritiesJournalInformationNetwork. |
| The12thMeetingofthe10thBoardofDirectors | 28October2021 | 31October2022 | The2022ThirdQuarterReportoftheCompanywaspassedduringthemeeting.Forfurtherinformation,pleaseseethe2022ThirdQuarterReportwiththereferencenumber2022-42ontheChinaSecuritiesJournalInformationNetwork. |
| The13thMeetingofthe10thBoardofDirectors | 7November2022 | 8November2022 | Duringthemeeting,theProposalonFormulatingtheCompany's'14thFive-YearPlan'StrategicPlanandtheProposalonSubsidiariesSigningLandCompensationAgreementswerepassed.Formoreinformation,pleaseconsulttheAnnouncementofBoardResolutionsforthe13thMeetingofthe10thBoardofDirectorswiththereferencenumber2022-44,availableontheChinaSecuritiesJournalInformationNetwork. |
| The14thMeetingofthe10thBoardofDirectors | 23December2022 | 24December2022 | TheBoardofDirectorsdeliberatedandapprovedtheProposalforWholly-ownedSubsidiariestoSignAgreementswithRelatedPartiesandRelatedPartyTransactions.Fordetails,pleaserefertotheAnnouncementofBoardResolutiononthe14thMeetingofthe10thBoardofDirectorswiththenumber2022-49onthewebsiteoftheCSRCGEMInformationDisclosureSystem. |
| The15thMeetingofthe10thBoardofDirectors | 30December2022 | 31December2022 | TheBoardofDirectorsdeliberatedandapprovedtheProposalontheResultsoftheCompany's2021ExecutiveAssessmentandItsApplicationPlanandtheProposalforWholly-ownedSubsidiariestoSignPropertyServiceContractswithRelatedPartiesandRelatedPartyTransactions.Fordetails,pleaserefertotheAnnouncementofBoardResolutiononthe15thMeetingoftheTenthBoardofDirectorswiththenumber2022-53onthewebsiteoftheCSRCGEMInformationDisclosureSystem. |
2.AttendanceofDirectorsatBoardMeetingsandGeneralMeetings
| Attendanceofdirectorsatboardmeetingsandgeneralmeetings | |||||||
| Director | Totalnumberofboardmeetingsthedirectorwaseligibletoattend | Boardmeetingsattendedonsite | Boardmeetingsattendedbywayoftelecommunication | Boardmeetingsattendedthroughaproxy | Boardmeetingsthedirectorfailedtoattend | Thedirectorfailedtoattendtwoconsecutiveboardmeetings(yes/no) | Generalmeetingsattended |
| LiuShengxiang | 10 | 1 | 9 | 0 | 0 | No | 2 |
| WangHangjun | 10 | 1 | 9 | 0 | 0 | No | 2 |
| ShenXueying | 10 | 1 | 9 | 0 | 0 | No | 2 |
| WangGe | 10 | 1 | 9 | 0 | 0 | No | 2 |
| XieChang | 10 | 1 | 9 | 0 | 0 | No | 2 |
| MeiYonghong | 10 | 1 | 9 | 0 | 0 | No | 2 |
| LiDonghui | 10 | 1 | 9 | 0 | 0 | No | 2 |
| HuCaimei | 10 | 1 | 9 | 0 | 0 | No | 2 |
| ZhangZhimin | 6 | 0 | 6 | 0 | 0 | No | 1 |
| WeiXiaodong | 4 | 1 | 3 | 0 | 0 | No | 1 |
Whyanydirectorfailedtoattendtwoconsecutiveboardmeetings:
Notapplicable
3.ObjectionsRaisedbyDirectorsonMattersoftheCompanyIndicatebytickmarkwhetheranydirectorsraisedanyobjectionsonanymatteroftheCompany.
□Yes?NoNosuchcasesintheReportingPeriod.
4.OtherInformationaboutthePerformanceofDutybyDirectorsIndicatebytickmarkwhetheranysuggestionsfromdirectorswereadoptedbytheCompany.?Yes□NoSuggestionsfromdirectorsadoptedornotadoptedbytheCompany:
DuringtheReportingPeriod,alldirectorsoftheCompanyactivelyattendedBoardmeetingsandgeneralmeetingsandperformedtheirdutiesdiligentlyandconscientiouslyinstrictaccordancewiththeArticlesofAssociation,theRulesofProcedureoftheBoardofDirectorsandrelevantlaws,rulesandregulations.BasedontheCompany'sreality,theyputforwardrelevantopinionsontheCompany'smajorgovernanceandoperationdecisionsandreachedconsensusthroughsufficientcommunicationanddiscussion.Additionally,theyresolutelysupervisedandpromotedtheimplementationoftheresolutionsoftheBoardofDirectors,toensurescientific,timelyandefficientdecision-makingandsafeguardthelegitimaterightsandinterestsoftheCompanyandallshareholders.
VIISpecialCommitteesundertheBoardofDirectorsduringtheReportingPeriod
| Nameofcommittee | Members | Numberofmeetingsconvened | Dateofmeeting | Contents | Importantcommentsandsuggestions | Otherperformanceofduties | Specificdisputedmatters(ifany) |
| StrategicDevelopmentandInvestmentDecisionCommittee | LiuShengxiang,WangHangjun,ZhangZhimin,WangGe,XieChang | 1 | 4November2022 | DeliberationontheProposalforFormulatingtheCompany's"14thFive-Year"StrategicPlan | Agree | GuidingthepreparationoftheCompany'sstrategicplanningduringthe"14thFive-yearPlan" |
| period. | ||||||
| AuditandRiskCommittee | LiDonghui,WangHangjun,WeiXiaodong(former),ZhangZhimin,MeiYonghong,andHuCaimei | 6 | 25January2022 | Reviewofthecompany's2021annualauditreportandthe2022annualauditworkplan. | Agree | SupervisingtheworkofexternalauditagenciesandtheCompany'sinternalauditwork;supervisingtheimplementationoftheCompany'sinternalcontrolpolicies;coordinatingthecommunicationofthemanagement,internalauditdepartmentsandrelevantdepartmentswithexternalauditagencies. |
| 25March2022 | 1.Reviewofthecompany's2021annualconsolidatedfinancialstatementsauditreport;2.Reviewofthecompany's2021internalcontrolauditreport;3.Reviewoftheproposalforreappointmentoftheaccountingfirm. | Agree | ||||
| 29March2022 | 1.DeliberationontheInspectionReportontheCompany's2021Guarantee,RelatedPartyTransactionsandOtherMatters;2.Deliberationonthe2021InternalControlSystemWorkReportanditsAnnexofSZPRD;3.Deliberationonthe2022MajorRiskAssessmentReportanditsAnnexofSZPRD. | Agree | ||||
| 25April2022 | 1.Reviewoftheprogressofthecompany's2022Q1internalauditwork;2.Reviewofthequarterlytrackingandmonitoringtableofmajorrisks(Q12022). | Agree | ||||
| 22August2022 | 1.Deliberationonthecompany's2022half-yearreport;2.Reviewoftheprogressofthecompany's2022Q2internalauditwork;3.ReviewoftheInspectionReportontheCompany'sGuarantee,RelatedPartyTransactionsandOtherMattersintheFirstHalfof2022;4.ReviewoftheDevelopmentPlanforRiskManagementandInternalControlofSZPRD(ReviewDraft);5.ReviewoftheGuidelinesfortheConstructionofRisk,InternalControl,andComplianceSystemofSZPRD(ReviewDraft). | Agree | ||||
| 27October2022 | Reviewoftheprogressofthecompany's2022Q3internalauditwork | Agree | ||||
| RemunerationandEvaluationCommittee | HuCaimei,MeiYonghong,LiDonghui,XieChang,ShenXueying | 2 | 16May2022 | Deliberationontheproposalregardingthe2021performanceassessmentresultsofthegroupcompany | Agree | Studyingtheassessmentstandards,remunerationpoliciesandplansfortheCompany'sdirectorsandseniormanagementpersonnel;supervisingtheperformanceofdutiesbytheCompany'sdirectorsandseniormanagementpersonnel;conductingannualperformanceassessmentontheCompany'sdirectorsandseniormanagementpersonnelandofferingsuggestions. |
28November2022
| 28November2022 | 1.Discussionofthe2021AnnualPerformanceEvaluationPlanforSeniorManagementoftheGroup;2.Examinationofthe2021IndividualDutyReportsofSeniorManagementofSZPRD;3.ReviewoftheCompletionStatusChartforAnnualPerformanceObjectivesofSeniorManagementofSZPRD;4.Considerationofthesupplementaryandvetoitemsforthe2021seniormanagementassessment;5.Deliberationontherosterofpersonnelaccountableforthe2021seniormanagementassessment. | Agree |
| NominationCommittee | MeiYonghong,LiuShengxiang,WangGe,HuCaimeiandLiDonghui | 1 | 14February2022 | TheverificationandexaminationofShenXueying'seligibilityforthepositionofCFOinthecompany | Agree | StudyingthesizeandconstitutionoftheBoardofDirectorsanditsspecialcommitteesandofferingsuggestionstotheBoardofDirectors. |
VIIIPerformanceofDutybytheSupervisoryCommittee
IndicatebytickmarkwhethertheSupervisoryCommitteefoundanyrisktotheCompanyduringitssupervisionintheReportingPeriod.
□Yes?NoTheSupervisoryCommitteeraisednoobjectionsintheReportingPeriod.
IXEmployees
1.Number,FunctionsandEducationalBackgroundsofEmployees
| Numberofin-serviceemployeesoftheCompanyastheparentattheperiod-end | 98 |
| Numberofin-serviceemployeesofmajorsubsidiariesattheperiod-end | 9,232 |
| Totalnumberofin-serviceemployeesattheperiod-end | 9,330 |
| TotalnumberofpaidemployeesintheReportingPeriod | 9,330 |
| NumberofretireestowhomtheCompanyastheparentoritsmajorsubsidiariesneedtopayretirementpensions | 0 |
| Functions | |
| Function | Employees |
| Production | 6,863 |
| Sales | 175 |
| Technical | 1,416 |
| Financial | 201 |
| Administrative | 421 |
| R&D | 37 |
| Managerial | 217 |
| Total | 9,330 |
| Educationalbackgrounds | |
| Educationalbackground | Employees |
| Juniorcollegeandtechnicalsecondaryschoolandabove | 3527 |
| Seniorhighschoolandbelow | 5803 |
| Total | 9,330 |
2.EmployeeRemunerationPolicyToalignwiththegroup'sdevelopmentstrategyrequirementsin2022,thegroupcompanyimplementedaperformance-basedassessmentandmanagementsystemformanagersofsubordinateenterprises.Thissystemestablishedclearrulesforutilizingvarioustypesofassessmentresultsintheannualassessmentofmanagermembers,resultinginincreasedworkefficiencyandenhancedeffectivenessofthecompensationandperformancemanagementsystem.Thegroupheadquartersrigorouslyimplementedseveralcompensationmanagementsystemsandconductedmarket-orientedresearchandrevisiononsubordinatecompanies'organizationalstructuredesign,departmentfunctiondivision,postestablishmentandstaffing,andcompensationandperformancesystem.
3.EmployeeTrainingPlans
In2022,thegroupcompanyprioritizedthecreationofalearningorganizationandmadesignificanteffortstoconstructitstrainingcenter.Itworkedtowardsoptimizingitstrainingsystemtomeettheenterprise'sdevelopmentstrategyandthepersonaldevelopmentgoalsofitsemployees.Thecompanyofferedcoursestoenhancemanagementabilities,improveprofessionalskills,andupgradejobskillsforemployeesatalllevels.Thisobjectivewastocontinuouslyenhancetheemployees'professionalknowledge,businesscapabilities,andexecutionskills,aligningthecompany'sdevelopmentwiththegrowthofitsemployees,therebyprovidingrobustsupportforthegroup'sstrategicplanninganddevelopment.
4.LaborOutsourcing
□Applicable?NotapplicableXProfitDistributions(intheFormofCashand/orStock)
Howtheprofitdistributionpolicy,especiallythecashdividendpolicy,wasformulated,executedorrevisedintheReportingPeriod:
□Applicable?NotapplicableIndicatebytickmarkwhethertheCompanyfailstoputforwardacashdividendproposaldespitethefactsthattheCompanyhasmadeprofitsintheReportingPeriodandtheprofitsoftheCompanyastheparentdistributabletoshareholdersarepositive.
□Applicable?NotapplicableFinaldividendplanfortheReportingPeriod:
?Applicable□Notapplicable
| Bonussharesforevery10shares(share) | 0 |
| Dividendforevery10shares(RMB)(taxinclusive) | 3.61 |
| Totalsharesasthebasisfortheprofitdistributionproposal(share) | 595,979,092 |
| Cashdividends(RMB)(taxinclusive) | 215,148,452.21 |
| Cashdividendsinotherforms(suchassharerepurchase)(RMB) | 0.00 |
| Totalcashdividends(includingthoseinotherforms)(RMB) | 215,148,452.21 |
| Distributableprofit(RMB) | 1,105,473,319.87 |
| Totalcashdividends(includingthoseinotherforms)as%oftotalprofitdistribution | 100% |
| Cashdividendpolicy | |
| IftheCompanyisinamaturedevelopmentstageandhasnoplansforanysignificantexpenditure,inprofitallocation,theratioofcashdividendsintheprofitallocationshallbe80%orabove. |
| Detailsabouttheproposalforprofitdistributionandconvertingcapitalreserveintosharecapital |
| TheBoardhasapprovedafinaldividendplanasfollows:basedonthesharecapitalof595,979,092shares,acashdividendofRMB3.61(taxinclusive)per10sharesistobedistributedtotheshareholders,withnobonusissuefromeitherprofitorcapitalreserves. |
XIEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
XIIConstructionandImplementationofInternalControlSystemduringtheReportingPeriod
1.InternalControlConstructionandImplementation
DuringtheReportingPeriod,theCompanyestablished,improvedandeffectivelyimplementedinternalcontrolaccordingtotheBasicCodeforInternalControlofEnterprises,theGuidelinesonInternalControlofListedCompaniesandtheCompany'sactualsituation,toensurethelegitimacyandcomplianceofbusinessandmanagement,guaranteescientificandrationaloperatingproceduresandpromotethenormalandorderlyfunctioningofallmajorprocesses.TheBoardofDirectorsoftheCompanyisinfullchargeofthedevelopment,implementationandimprovementoftheCompany'sinternalcontrolsystemandcarriesoutregularinspectionsandeffectassessmentsoninternalcontrol.Besides,itservesasthehighestdecision-makingbodyandtheultimatelyresponsibleunitfortheCompany'scomprehensiveriskmanagementandisresponsiblefortheeffectivenessoftheCompany'scomprehensiveriskmanagement.TheAuditandRiskManagementCommitteeundertheBoardofDirectorsisaccountabletotheBoardofDirectorsandisunderthedirectleadershipoftheBoardofDirectors.TheAuditandRiskManagementCommitteecarriesoutvariousworkthroughinternalauditdepartments,suchassupervisingandinspectingtheimplementationoftheinternalcontrolsystem,assessingtheeffectivenessofinternalcontrolandofferingsuggestionsonhowtoimproveinternalcontrolandcorrectmistakes.TheBoardofSupervisorsisinchargeofsupervisingandinspectingtheimplementationofinternalcontrolandtheestablishment,improvementandimplementationoftheriskmanagementsystem.Thecompanypersistedinpromotingtheoptimizationoftheriskmanagementandinternalcontrolsystemandthestandardizationofthefinancialmanagementsystemprojectin2022.Itestablishedoperationalstandardsandtoolformsfortheriskmanagementandinternalcontrolmanualandcompletedthereviewandpromotiontrainingforalloptimizationprojectresults.Thecompanywillcontinuetooptimizethesysteminthelaterperiod.
2.MaterialInternalControlWeaknessesIdentifiedfortheReportingPeriod
□Yes?NoXIIIManagementandControlofSubsidiariesbytheCompanyduringtheReportingPeriod
| Nameofcompany | Integrationplan | Integration | Problemsencounteredinintegration | Solutionstaken | Settlement | Follow-upsettle |
| progress | progress | mentplan | ||||
| ShenzhenPropertyManagementCo.,Ltd. | 1.GuaranteethestabilityoftheexistingbusinesswhilegraduallyimplementingShenzhenProperty'sstandardizedbusinesssystem.2.EnsurethestabilityoftheworkforcebyintegratinghumanresourcemanagementintotheShenzhenPropertysystem.3.DrivetheintegrationoftheOAofficeandfinancialmanagementsystems.4.Consolidatethepropertymanagementsectorsystem,establishclearlabordivisionsandpromotecollaborationamongdiverseprofessionalfirms,enhanceprofessionalskills,bolstermarketizationandcorecompetitiveness.5.Formulatestrategiestoenhancethequalityandefficiencyofeachcompany,andgraduallyimplementmeasurestoreducelossesandtransformlossesintoprofits. | Theworkisbeingprogressedaspertheplan. | 1.Disparitiesexistinthesalaryandbenefitsframework.2.Thepoolofofficialsinreserveisinadequatetofulfillbusinessrequirements. | 1.Formulateaplantoreformtheemploymentmechanismthatismarket-driven.2.SystematicallyintegratehumanresourcesmanagementintotheShenzhenPropertymanagementsystem.3.Enhanceandgraduallybuildupthepoolofofficialsthroughinternalcompetition,market-drivenrecruitment,andtrainingmechanisms. | Theworkisbeingprogressedaspertheplan. | Noneatthemoment |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | 1.GuaranteethestabilityoftheexistingbusinesswhilegraduallyimplementingShenzhenProperty'sstandardizedbusinesssystem.2.EnsurethestabilityoftheworkforcebyintegratinghumanresourcemanagementintotheShenzhenPropertysystem.3.DrivetheintegrationoftheOAofficeandfinancialmanagementsystems.4.Consolidatethepropertymanagementsectorsystem,establishclearlabordivisionsandpromotecollaborationamongdiverseprofessionalfirms,enhanceprofessionalskills,bolstermarketizationandcorecompetitiveness.5.Formulatestrategiestoenhancethequalityandefficiencyofeachcompany,andgraduallyimplementmeasurestoreducelossesandtransformlossesintoprofits. | Theworkisbeingprogressedaspertheplan. | 1.Inadequatepoolofofficialsinreserve.2.Disparitiesexistinthesalaryandbenefitsframework.3.Subparstandardofbusiness.4.Considerablepressuretocurtaillossesandachieveprofitability. | 1.Formulateaplantoreformtheemploymentmechanismthatismarket-driven.2.SystematicallyintegratehumanresourcesmanagementintotheShenzhenPropertymanagementsystem.3.Preparealistofauthoritymanagementforwaterandelectricityengineering,clarifythelimitsofthecompany'srightsandresponsibilities,andrigorouslymanagecompliancerisks.4.Developstrategiestoenhancequalityandefficiency,lowercosts,enhancequality,andgraduallyreversetheloss-makingtrend. | Theworkisbeingprogressedaspertheplan. | Noneatthemoment |
| ShenzhenShenfubao | 1.Guaranteethestabilityoftheexistingbusinesswhilegraduallyimplementing | Thewor | 1.Inadequatepoolofofficialsin | 1.Formulateaplantoreformthe | Thewor | Noneatthe |
| PropertyDevelopmentCo.,Ltd. | ShenzhenProperty'sstandardizedbusinesssystem.2.EnsurethestabilityoftheworkforcebyintegratinghumanresourcemanagementintotheShenzhenPropertysystem.3.DrivetheintegrationoftheOAofficeandfinancialmanagementsystems.4.Consolidatethepropertymanagementsectorsystem,establishclearlabordivisionsandpromotecollaborationamongdiverseprofessionalfirms,enhanceprofessionalskills,bolstermarketizationandcorecompetitiveness.5.Formulatestrategiestoenhancethequalityandefficiencyofeachcompany,andgraduallyimplementmeasurestoreducelossesandtransformlossesintoprofits. | kisbeingprogressedaspertheplan. | reserve.2.Disparitiesexistinthesalaryandbenefitsframework.3.Subparstandardofbusiness.4.Considerablepressuretocurtaillossesandachieveprofitability. | employmentmechanismthatismarket-driven.2.SystematicallyintegratehumanresourcesmanagementintotheShenzhenPropertymanagementsystem.3.Inthecaseofpivotalparkprojects,incorporateShenzhenProperty'sstandardizedoperatingprocedures,whilealigningwithindividualizedbusinesspractices,toenrichthecustomerserviceexperience.Additionally,engagewiththepartyAentitiestoenhancethechargingcriteriaandstreamlineservicerequirements.4.Developstrategiestoenhancequalityandefficiency,lowercosts,enhancequality,andgraduallyreversetheloss-makingtrend. | kisbeingprogressedaspertheplan. | moment |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | 1.GuaranteethestabilityoftheexistingbusinesswhilegraduallyimplementingShenzhenProperty'sstandardizedbusinesssystem.2.EnsurethestabilityoftheworkforcebyintegratinghumanresourcemanagementintotheShenzhenPropertysystem.3.DrivetheintegrationoftheOAofficeandfinancialmanagementsystems.4.Consolidatethepropertymanagementsectorsystem,establishclearlabordivisionsandpromotecollaborationamongdiverseprofessionalfirms,enhanceprofessionalskills,bolstermarketizationandcorecompetitiveness.5.Formulatestrategiestoenhancethe | Theworkisbeingprogressedaspertheplan. | 1.Inadequatepoolofofficialsinreserve.2.Disparitiesexistinthesalaryandbenefitsframework.3.Subparstandardofbusiness.4.Considerablepressuretocurtaillossesandachieveprofitability. | 1.Formulateaplantoreformtheemploymentmechanismthatismarket-driven.2.SystematicallyintegratehumanresourcesmanagementintotheShenzhenPropertymanagementsystem.3.Formulatestrategiestoenhancequalityandefficiency,curtail | Theworkisbeingprogressedaspertheplan. | Noneatthemoment |
| qualityandefficiencyofeachcompany,andgraduallyimplementmeasurestoreducelossesandtransformlossesintoprofits. | expenses,boostquality,andprogressivelyoverturntheloss-makingtrend.4.Augmentrevenueanddecreasemanagementcoststhroughinternalbusinesscoordination. | |||||
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | 1.GuaranteethestabilityoftheexistingbusinesswhilegraduallyimplementingShenzhenProperty'sstandardizedbusinesssystem.2.EnsurethestabilityoftheworkforcebyintegratinghumanresourcemanagementintotheShenzhenPropertysystem.3.DrivetheintegrationoftheOAofficeandfinancialmanagementsystems.4.Consolidatethepropertymanagementsectorsystem,establishclearlabordivisionsandpromotecollaborationamongdiverseprofessionalfirms,enhanceprofessionalskills,bolstermarketizationandcorecompetitiveness.5.Formulatestrategiestoenhancethequalityandefficiencyofeachcompany,andgraduallyimplementmeasurestoreducelossesandtransformlossesintoprofits. | Theworkisbeingprogressedaspertheplan. | 1.Inadequatepoolofofficialsinreserve.2.Disparitiesexistinthesalaryandbenefitsframework.3.Subparstandardofbusiness.4.Considerablepressuretocurtaillossesandachieveprofitability. | 1.Formulateaplantoreformtheemploymentmechanismthatismarket-driven.2.SystematicallyintegratehumanresourcesmanagementintotheShenzhenPropertymanagementsystem.3.Developstrategiestoenhancequalityandefficiency,reducecosts,improvequality,andgraduallyturnthetideonlosses. | Theworkisbeingprogressedaspertheplan. | Noneatthemoment |
XIVSelf-EvaluationReportorIndependentAuditor’sReportonInternalControl
1.InternalControlSelf-EvaluationReport
| Disclosuredateoftheinternalcontrolself-evaluationreport | 25March2023 | |
| Indextothedisclosedinternalcontrolself-evaluationreport | http://www.cninfo.com.cn | |
| Evaluatedentities’combinedassetsas%ofconsolidatedtotalassets | 100.00% | |
| Evaluatedentities’combinedoperatingrevenueas%ofconsolidatedoperatingrevenue | 99.64% | |
| Identificationstandardsforinternalcontrolweaknesses | ||
| Type | Weaknessesininternalcontroloverfinancialreporting | Weaknessesininternalcontrolnotrelatedtofinancialreporting |
| Naturestandard | Indicationsoftheseriousdefectofthefinancialreportwereincluding:1.thecontrolenvironmentisinvalid;2.Commitmentofmajorfraudbydirectors,supervisorsorseniormanagementoftheCompany;3.theauditinstitutiondiscoveredthe | Majordefectsinclude:1.Seriousviolationofnationallawsandregulationsleadingtomajorlitigation,orinvestigationofregulatoryagencies,orderedsuspensionofbusinessforrectification,investigationforcriminalresponsibilityorreplacementofsenior |
| currentfinancialreporthadgreatdefectwhiletheinternalcontroloftheCompanydidn’tfoundoutduringtheoperatingprocess;4.CorrectionofmajormisstatementinfinancialreportsreportedordisclosedbytheCompany;5.thesupervisionoftheCompany’sAuditandRiskManagementCommitteeandtheinternalauditdepartmentontheinternalcontrolwasinvalid.Indicationsoftheimportantdefectofthefinancialreportwereincluding:1.didn’tabidebytheuniversallyacknowledgedaccountingstandardtochooseandapplytheaccountingpolicies;2.hadnotbuiltuptheanti-fraudprocessandthecontrolmeasures;3.hadnotbuiltupthecorrespondingcontrolmechanismorhadnotexecutedthecorrespondingcompensatingcontrolfortheaccountingtreatmentwhichwasunconventionalorwithspecialtransaction;4.thecontrolduringtheprocessofthefinancialreportattheperiod-endexistedoneormultipledefectsthatcouldnotguaranteethecompileofthefinancialreportreachthegoalofbeingrealandcomplete;5.Importantorgeneraldefectsofinternalcontroltoberectified.Commondefect:referstotheothercontroldefectexceptfortheabovegreatdefectandsignificantdefect. | managers;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.AnyothernegativecaseleadingtogreatimpactontheCompany.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:misstatementoftheoperating | Majordefects:directpropertyloss≥1.00%ofnetassetsofthepreviousyear;Significantdefects:0.5%ofnetassetsofthepreviousyear≤directpropertyloss<1.00%ofnetassetsofthepreviousyear;Commondefects:directpropertyloss<0.5%ofnetassetsofthepreviousyear. |
| income<0.5%oftheoperatingincomeoftheconsolidatedstatementsoftheCompany,misstatementofthetotalassetsamount<0.2%ofthetotalassetsamountoftheconsolidatedstatementsoftheCompany,misstatementofthenetassets<0.5%ofthenetassetsoftheconsolidatedstatementsoftheCompany. | ||
| Numberofmaterialweaknessesininternalcontroloverfinancialreporting | 0 | |
| Numberofmaterialweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 | |
| Numberofseriousweaknessesininternalcontroloverfinancialreporting | 0 | |
| Numberofseriousweaknessesininternalcontrolnotrelatedtofinancialreporting | 0 | |
2.IndependentAuditor’sReportonInternalControl
?Applicable□Notapplicable
| Opinionparagraphintheindependentauditor’sreportoninternalcontrol | |
| WebelievethatShenzhenProperties&ResourcesDevelopment(Group)Ltd.maintainedefficientinternalcontroloffinancialreportsinallsignificantaspectsaccordingto“BasicStandardsofCorporateInternalControl”andrelevantregulations. | |
| Independentauditor’sreportoninternalcontroldisclosedornot | Disclosed |
| Disclosuredate | 25March2023 |
| Indextosuchreportdisclosed | http://www.cninfo.com.cn |
| Typeoftheauditor’sopinion | Unmodifiedunqualifiedopinion |
| Materialweaknessesininternalcontrolnotrelatedtofinancialreporting | None |
Indicatebytickmarkwhetheranymodifiedopinionisexpressedintheindependentauditor’sreportontheCompany’sinternalcontrol.
□Yes?NoIndicatebytickmarkwhethertheindependentauditor’sreportontheCompany’sinternalcontrolisconsistentwiththeinternalcontrolself-evaluationreportissuedbytheCompany’sBoard.?Yes□No
XVRemediationofProblemsIdentifiedbySelf-inspectionintheSpecialActionontheGovernanceofListedCompaniesNotapplicable.
PartVEnvironmentalandSocialResponsibility
IMajorEnvironmentalIssues
IndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
□Yes?NoAdministrativepenaltiesimposedforenvironmentalissuesduringtheReportingPeriod
| Nameofthecompanyorsubsidiarycompany | Penaltyreason | Violationsituation | Penaltyresult | Impactontheproductionandoperationofthelistedcompanies | RemediationmeasuresoftheCompany |
| N/A | N/A | N/A | N/A | N/A | N/A |
OtherenvironmentalinformationdisclosedwithreferencetokeyemissionunitsTheCompanyattachesgreatimportancetoenvironmentalprotectionandstrictlyimplementsrelevantlawsandregulations.DuringtheReportingPeriod,nomajorenvironmentalviolationsoccurredandnoadministrativepenaltieswereimposedonenvironmentalprotection.ActionstakentoreducecarbondioxideemissionsduringtheReportingPeriodandtheimpact:
□Applicable?NotapplicableReasonsfornotdisclosingotherenvironmentalinformationNeithertheCompanynoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
IISocialResponsibility
Sinceitsinception,SZPRDhasbeenadheringtotheconceptofhonesty,responsibilityandwin-wincooperationforthebenefitofsociety.TheCompanyactivelyfulfillsitssocialresponsibilitiesandalwaystakesrepayingthesocietyasanimportantdevelopmentconcept.Itactivelyfulfillsitsstatutorysocialresponsibilitiesandethicalsocialobligations,andunifiestherealizationofeconomicandsocialbenefitstocreateanexcellentcorporateimage.TheCompanycarriedoutthefollowingactivitiestoperformitssocialresponsibilityin2022:
(I)VisitseriouslyillemployeesindifficultyOn20January,thePartyCommitteeofSZPRDorganizedasymposiumtoextendregardstotheemployeesindifficultybeforetheSpringFestival.LiuShengxiang,SecretaryofthePartyCommitteeoftheGroupandChairmanoftheGroup,andWeiXiaodong,DeputySecretaryofthePartyCommitteeoftheGroupdeliveredsympathyfundsanditemsamountingtoapproximatelyRMB110,000torepresentativesofPartymembersandemployeesindifficulty,makingthemfeelthecareandwarmthoftheGroupasanextendedfamily.Duringthesymposium,GroupleaderscommunicatedwithPartymembersandrepresentativesofemployeesindifficultyandlearnedabouttheirworkandlifeindetail.LiuShengxiang,SecretaryofthePartyCommitteeoftheGroupandChairmanoftheGroup,introducedtheGroup'sstrategicplanningunderthe14thFive-YearPlan,fruitfulachievementsmadebytheGroupin2021andtheGroup'sdeploymentofkeyworkfor2022,whilefullyaffirmingandsincerelythankingallthePartymembersandemployeesindifficultyfortheirearnestperformanceofdutiesinspiteofnumerousdifficulties.Mr.LiustressedthatthedevelopmentoftheGroupisinseparablefromthestrongleadershipofShenzhenSASACandSIHC,andthetirelesseffortsandselflesscontributionofleadingcadresatalllevelsandgrassrootsemployeesoftheGroup.Intheprocessofdevelopment,the
Groupwillneverletanyemployeefallbehind.Finally,heexpressedthehopethattheGroup'sPartymembersandemployeesindifficultywouldfacelifebravelywithapositiveattitudeandthedeterminationtoovercomedifficulties,andgetoutofdifficultiestoliveahappyandhealthylifeassoonaspossible.Afterthesymposium,GroupleadersdeliveredsympathyfundsanditemsaswellassincereNewYearwishestotherepresentativesofartymembersandemployeesindifficulty,hopingthattheycouldhaveasafeandpeacefulSpringFestival.(II)SZPRDreducedandexemptedrentaltotalingoverRMB50millionforenterprisesindifficultyInordertofirmlyimplementtheworkrequirementsofShenzhenSASACandSIHC,SZPRDactivelyfulfillsitssocialresponsibilitiesandimplementsvariousmeasuresforrentalreductionandexemptionbystate-ownedenterprises(hereinafterreferredtoas"SOErentalreductionandexemptionmeasures").TheGrouphadcompletedrentalreductionandexemptiontotalingRMB50.36millionforexistingtenants,benefiting504smallandmicroenterprises,197householdindustrialandcommercialentitiesandfourprivatekindergartens,amongothers,withaviewtoeffectivelyalleviatingthedownwardeconomicimpactonsmallandmicroenterprises,andmakingeveryefforttohelpmarketentitiestideoverdifficulties.
1.TheGrouppracticallyassumestheresponsibilityforrentalreductionbasedonscientificcoordinationandrapidresponse.Inordertoacceleratetheimplementationofrentalreductionandexemptionpolicies,theGroupeffectivelyfulfillsitsentityresponsibility,andestablishesaSOErentalreductionandexemptionworkinggroupinthefirsttimetocoordinateandorganizetheimplementationofrentalreductionandexemptionfortheGroupanditsaffiliatedenterprises.TheGrouporganizestheformulationoftheWorkPlanofSZPRDforImplementingSOERentalReductionandExemptionandrelevantworkguidelinestorefinetheworkingmechanism,reviewandapprovalauthorityandreviewprocess,andtoclarifyhousestobeincludedintherentalreductionandexemptionmeasures,theperiodofreductionandexemptionaswellasapplicableobjectsandidentificationmethods.Moreover,italsoreleasesrentalreductionandexemptionannouncementsthroughWeChatgroupsandbulletinboardstodisclosesuchinformationasacceptancemethod,contactpersonandcontactnumber,sothatalltenantscanbeawareofrelevantrentalreductionandexemptionpolicies,throughwhichtheGroupovercomesthecurrentdifficultiestogetherwithsmallandmicroenterprisesandothermarketentities,andwelldemonstratesitsassumptionofresponsibilityasastate-ownedenterprise.
2.TheGroupweavesacompact"guaranteenetwork"forrentalreductionbasedonextensivepublicityandGroup-wideverticallinkage.Aftertheofficiallaunchofrentalreduction,allaffiliatedenterprisesoftheGrouptimelytaketheinitiativetovisittenants,guidetenantstosubmitmaterials,andsimplifythedeclarationprocess,soastoeffectivelyopenupthe"lastkilometer"fortheimplementationofrentalreductionpolicy.TheGroupestablishesaneffectiveroutineworkingmechanismtostrengthencommunicationandliaisonamongallparties,properlydealwiththedemandsofallparties,andcomprehensivelyaddresstheproblemsencounteredinpracticaloperation.TheGroupandallitsaffiliatedenterprisesdisseminaterentalreductionandexemptionpoliciesacrossalllevelsand,forunitsandindividualsreallyunabletoenjoysuchpolicies,relievetheirnegativeemotionsthroughpatientexplanation,thankstowhichtheyhaven'texperiencedanycomplaintorpetitioneventsofar.Basedonthefullinvestigationintheearlystage,theGroup,inviewoftheproblemsandspecialcasescentrallyreflectedbyitsaffiliatedenterprisesduringtheirimplementationofrelevantpolicies,organizesanumberofspecialmeetingsonthepromotionofrentalreductionandexemptiontofurtherclarifysuchissuesaspolicybasis,implementationentityandapplicationscope,soastoensurethepreciseandfullimplementationofrentalreductionandexemptionmeasures.
3.TheGroupstandardizesoperation,strengthensreview,anddoeswellinthereviewofrentalreduction.AlltheGroup'saffiliatedenterprisesstrictlyfulfillandimprovethedecision-makingprocessforSOEhousingrentalreductionandexemptionmatters.Inlinewiththerequirementsof"onepolicyforoneenterprise"and"onearchiveforonehousehold",theGroupreviewsthematerialssubmittedbymorethan700tenantapplicantsbatchbybatchanditembyitem,includingentityqualificationdeclarationdocument,businesslicense,taxpaymentcertificate,etc.,basedonwhichstrictlyandcarefullyscreenstheobjectsofrentalreduction,andverifiesthebusinessscopeandactualrentalsituationoftenants,soastoensurethecomplianceofrentalreductionobjectswithrelevantlawsandregulations.Inviewofthespecialmattersoccurredintheprocessofrentalreductionandexemption,theGroupholdstworoundsofsymposiaonthelistofbeneficiariesfordeliberation.Basedonthe
deliberationresults,theGrouptakessuchindexesasrentalperiod,rentalstandardandrentalreductionperiodasthedeterminationbasisforreductionandexemptionamount,clearlyrequiresmiddlemanlandlordssubleasingstate-ownedhousestoensurethefinallesseebenefitfromrentalreductionandexemptioninlinewiththerequirementsof"achievingrentalreductionandexemptiontothemaximumpossibleextent"and,premisedonthestandardizationofrentalreductionandexemptionprocedures,enablesflexiblereductionandexemptionbymeansofdirectreturnofrentalordeductionfromsubsequentunpaidrentalfollowingtheprincipleof"implementingpoliciesbycategoryinanactiveandstablemanner,anddoingtheutmosttosatisfycommercialtenants",withaviewtofurtherreducingresistancetorentalreductionandexemption.Next,theGroupwillcontinuetocoordinatevariousrentalreductionandexemptionwork,conductrentalreductionandexemptionforincrementaltenants,expandtheeffectsoftheaforesaidwork,helpmarketentitiesovercomedifficulties,andstimulatethedevelopmentvitalityofsmallandmicroenterprises.(III)Theguomaoproperty'spartycommitteeembarkson"redflag,redaction"nationalblooddonationmonth2022,donating150,000mlInabidtoheightenthecommitmenttoservingthepeople,theGuomaoPropertyManagementCompanyPartyCommitteehastakenconcretemeasurestostrengthenthecompany'sparty-buildingbrand.Withaneyetowardspracticality,comprehensiveness,andmeticulousness,theyorchestratedanationalvoluntaryblooddonationmonthcampaignin2022underthebannerof"RedFlag,RedAction."Theireffortsinvolvedtensubsidiariesspreadoutacrossseveralcities,includingHangzhou,Shenzhen,Jinan,Yangzhou,Baoding,andothers.Theseenterprisesorganizedon-siteblooddonationeventsandfacilitatedthepersonneltodonatebloodatlocalblooddonationstationsandcenters.Atotalof415individualssteppedupanddonatedtheirblood,contributingatotalvolumeofapproximately150,000milliliters.IIIEffortsinPovertyAlleviationandRuralRevitalizationWithanoblesenseofduty,thegroupstrovetoupholditscorporatecitizenshipresponsibilitiesbyupliftingthoseinpovertythroughthepowerofconsumption.Thelaborunionassumedaleadingroleinfulfillingsocialobligations,heedingtheinvestmentholdingcompanies'calltoactioninsupportofconsumption.Undertheguidanceofthegroup'spartycommittee,theunionmeticulouslycraftedprocurementplans,executedprocurementtaskswithgreatcare,andfurnishedallnecessarydocumentationinasystematicmanner.Theunion'sunwaveringcommitmenttothecauseofpovertyalleviationthroughconsumptionmanifestedinanexpenditureofaround1.6million,placingthemamongsttheforemostenterprisesinthesystem.Withheartsfullofdevotion,theunionpouredtheirresourcesintosupportingthecentraltargetedpovertyalleviationwork.
| Indicator | Performancein2022 | DataStatisticsScope |
| InvestmentinRuralRevitalization/Funds(RMB10,000) | Approximately162.9 | Group-wide,includingsubsidiaries |
| InvestmentinRuralRevitalization/Cadres(numberoftimes) | 1 | Group-wide,includingsubsidiaries |
PartVISignificantEventsIFulfillmentofCommitments
1.CommitmentsoftheCompany’sActualController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandotherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-end?Applicable□Notapplicable
| Commitment | Promisor | Typeofcommitment | Detailsofcommitment | Dateofcommitmentmaking | Termofcommitment | Fulfillment |
| Commitmentsmadeinacquisitiondocumentsorshareholdingalterationdocuments | ShenzhenInvestmentHoldingsCo.,Ltd.(SIHC) | Commitmentsonhorizontalcompetition,related-partytransactionsandcapitaloccupation | Wholly-ownedsubsidiaryShenzhenConstructionDevelopmentandmajority-ownedsubsidiarySPGofSIHCdealwithrealestateoperationandcommercialhousesales,whichbelongtothesameindustryoftheListedCompany,andhashorizontalcompetitionwiththeListedCompany.Toavoidhorizontalcompetition,SIHCmakethefollowingcommitment.1 | 6September2018 | Threeyears | Normalperformance2 |
| Commitmentsmadeinacquisitiondocumentsorshareholdingalterationdocuments | ShenzhenInvestmentHoldingsCo.,Ltd. | Commitmentsonhorizontalcompetition,related-partytransactionsandcapitaloccupation | ToreduceandstandardizerelatedtransactionswiththeListedCompany,SIHCmakesthefollowingcommitment.3 | 6September2018 | Long-term | Normalperformance |
| Othercommitmentsmadetominorityshareholders | ShenzhenInvestmentHoldingsCo.,Ltd. | Performancecommitmentandcompensationarrangement | SIHCsighedequitytransfercontracton100%equitytransferofTKPropertywiththeCompany,andthecontractstipulatedrelevantcommitments | 23September2019 | Threeyears | Fulfillment5 |
| onperformance.4 | |||
| Fulfilledontime | Yes | ||
Note1:Wholly-ownedsubsidiaryShenzhenConstructionDevelopmentandmajority-ownedsubsidiarySPGofSIHCdealwithrealestateoperationandcommercialhousesales,whichbelongtothesameindustryoftheListedCompany,andhashorizontalcompetitionwiththeListedCompany.Toavoidhorizontalcompetition,SIHCmakethefollowingcommitments:1.OnthehorizontalcompetitionsolutionofShenzhenConstructionDevelopment:astheholdingshareholderoftheListedCompany,duringthelistingperiodatShenzhenStockExchangeoftheListedCompany,asforthecurrentbusinessofShenzhenConstructionDevelopmentwhichhashorizontalcompetitionwiththeListedCompany,withinthescopepermittedbylawandregulation,within12monthsfromtheequityofSZPRDbeingtransferredtoSIHC,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,SIHCactivelycollatedtheunderlyingassetsandbusinessesofShenzhen
ConstructionDevelopment(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,SIHCshall
compensatetheinsufficientparttotheCompanyinfullamountbycash.Incasethree-yearcumulativeprofits(netprofitafterdeductingextraordinaryitems)ofTKPropertyismorethanthepromisedamount,theCompanywillnotrefund.3.IncaseSIHCneedstofulfillperformancecompensationobligation,itshallcompletetheperformancecompensationobligationwithin30daysafterreceivingthecompensationnoticeoftheCompany,andthespecificdeliverymethodwillbeagreedbybothparties.IncaseSIHCdelaystopaytheperformancecompensation,itshallpayliquidateddamagesof3/10000ofunpaidamountforeachdaydelay.Incaseoffailingtopayformorethan90days,thenCompanyhastherighttocancelthecontract.On27November2019,theCompanycompletedtheproceduresforregistrationchangesinindustryandcommerceregarding100%equitytransferofTKProperty.AccordingtotheEquityTransferContractandtheauditresultonprofitorlossoftransitionalperiodintheauditreport,thefinalpriceforthisequitytransferwasdeterminedbilaterallyasRMB1,027,382,513.56.Note5:TheauditresultsofBakerTillyInternational(SpecialGeneralPartner)showthat,bytheendof2021,thecumulativenetprofitupondeductionofnon-recurringgainsandlossesofITCTechnologyParkCompanyduringthethree-yearperformancecommitmentperiodof2019-2021wasRMB212,788,300,andtheportionexceeding18%oftransactionequitytransferpayment(RMB184,928,900)amountedtoRMB27,859,400.Thethree-yearcumulativenetprofitoftheITCTechnologyParkCompanyhasreachedthepromisedamount.AccordingtotheEquityTransferContract,itisunnecessaryforSIHCtocompensatetheCompanyincash,andtheCompanywillnotreturntheportionexceedingthepromisedamount(RMB27,859,400intotal)toSIHC.Thethree-yearcumulativenetprofitoftheITCTechnologyParkCompanyhasreachedthepromisedamount.AccordingtotheEquityTransferContract,itisunnecessaryforSIHCtocompensatetheCompanyincash,andtheCompanywillnotreturntheportionexceedingthepromisedamount(RMB27,859,400intotal)toSIHC.Thiscommitmenthasalreadybeenfulfilledsofar.
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?NotapplicableNosuchcasesintheReportingPeriod.
VIIYoYChangestotheScopeoftheConsolidatedFinancialStatements
?Applicable□NotapplicableForthedetailedchangestothescopeoftheCompany’sconsolidatedstatementsoftheReportingPeriod,see“PartXFinancialStatements”,VIIIChangestotheScopeoftheConsolidatedFinancialStatements.VIIIEngagementandDisengagementofIndependentAuditor
Currentindependentauditor:
| Nameofthedomesticindependentauditor | BakerTillyChinaCertifiedPublicAccountants(LLP) |
| TheCompany’spaymenttothedomesticindependentauditor(RMB’0,000) | 95 |
| HowmanyconsecutiveyearsthedomesticindependentauditorhasprovidedauditservicefortheCompany | 3years |
| Namesofthecertifiedpublicaccountantsfromthedomesticindependentauditorwritingsignaturesontheauditor’sreport | ChenZihan,ZhongQinfang |
| HowmanyconsecutiveyearsthecertifiedpublicaccountantshaveprovidedauditservicefortheCompany | ThreeyearsforChenZihan,oneyearforZhongQinfang |
IndicatebytickmarkwhethertheindependentauditorwaschangedfortheReportingPeriod.
□Yes?NoIndependentauditor,financialadvisororsponsorengagedfortheauditofinternalcontrols:
?Applicable□NotapplicableInthisReportingPeriod,theCompanyengagedBakerTillyChinaCertifiedPublicAccountants(LLP)foritsinternalcontrolauditandpaidaninternalcontrolauditfeeofRMB0.2milliontoitfortheperiod.
IXPossibilityofDelistingafterDisclosureofthisReport
□Applicable?Notapplicable
XInsolvencyandReorganization
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
XIMajorLegalMatters?Applicable□Notapplicable
| Generalinformation | Involvedamount(RMB’0,000) | Provision | Progress | Decisionsandeffects | Executionofdecisions | Disclosuredate | Indextodisclosed |
| information | |||||||
| ArbitrationcaseofpropertycontractdisputebetweentheFourthOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark(Applicant)andShenzhenITCTechnologyParkServiceCo.,Ltd.forSoftwareParkPhaseI.TheApplicantrequestedanawardtotheRespondenttoreturntheowners'publicrevenueandbeartheattorney'sfees. | 1,319.63 | Yes | Followingtheinitialhearing,adisagreementarosebetweenthetwopartiesinvolvedinthearbitrationovertheamountinquestion.Asaresult,theyrequestedathird-partyauditinstitutiontoconductanaudit.Duringthesecondhearing,thearbitrationpanelinquiredaboutthedetailsofthecaseandtheauditreportissuedbythethird-partyinstitution.Oursideprovidedourperspectiveinresponse,andwearepresentlyawaitingthedecisionofthearbitrationpanel. | Notyet | Notyet | ||
| ShenzhenQitianSunshineHotelManagementCo.,Ltd.(plaintiff)suedShenZhenProperties&ResourcesDevelopment(Group)Ltd.(defendant)forpropertyleasingcontractdispute,requestingthedefendanttopaycompensationforinteriordecorationoftherelocatedhouseandrelocationfeeoftheleasedhouseandtoreturnthesubsidyfeeoftheleasedhouse,etc. | 1,144 | Not | ThefirstinstancejudgmentreadsthattheplaintiffShenzhenQitianSunshineHotelManagementCo.,Ltd.shallpayrentofRMB1,050,913.6tothedefendantShenZhenProperties&ResourcesDevelopment(Group)Ltd.withintendaysfromtheeffectivedateofthisjudgment.AlltheclaimsoftheplaintiffShenzhenQitianSunshineHotelManagementCo.,Ltd.wererejected,andtheremainingcounterclaimsofthedefendantShenzhenPropertyDevelopment(Group)Co.,Ltd.wererejected.ShenzhenQitianSunshineHotelManagementCo.,Ltd.hasinstitutedanappeal.Thecaseiscurrentlyinthesecondtrialstage. | Notyet | Notyet | ||
| Summaryofothercontractdisputes | 9,870.76 | SeePartXFinancial | SeePartXFinancialReport-XIV-2 | SeePartXFinancialReport-XIV- | SeePartXFinancialReport- |
| Report-XIV-2 | 2 | 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 |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningsalesofcommodityandprovidingoflabors | Propertymanagementservices | Propertymanagementservices | Propertymanagementservices | 7,510.1 | 4.51% | 8,164.58 | No | Cash | 7,510.10 | 31December2022 | AnnouncementonSigningPropertyManagementContractwithRelatedPartybyaWholly-ownedSubsidiaryandRelated-partyTransaction(No.: |
| 2022-54)disclosedonCninfo | |||||||||||||
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningsalesofcommodityandprovidingoflabors | Propertymanagementservices | Propertymanagementservices | Propertymanagementservices | 5,456.24 | 3.27% | 4,100 | Yes | Cash | 5,456.24 | 30March2022 | AnnouncementonEstimatedContinuingRelated-partyTransactionsin2022(No.:2022-12)disclosedonCninfo |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Sub-subsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningsalesofcommodityandprovidingoflabors | Propertymanagementservicesandengineeringservices | Propertymanagementservices | Propertymanagementservices | 3,145.98 | 1.89% | 658.68 | Yes | Cash | 3,145.98 | 30March2022 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningpurchaseofcommodityandprovidingoflabors | Managementservices | Marketprinciple | Agreementprice | 8,651.83 | 6.00% | 8,100 | Yes | Cash | 8,651.83 | 30March2022 | |
| ShenzhenShentouRealEstateDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Trusteeship | Trusteemanagementservicesofhouses | Marketprinciple | Agreementprice | 4,405.74 | 34.41% | 7,883.01 | No | Cash | 4,405.74 | 30March2022 | |
| Total | -- | -- | 29,169.89 | -- | 28,906.27 | -- | -- | -- | -- | -- | |||
| Large-amountsalesreturnindetail | N/A |
| GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | Thetotalamountofdailyrelated-partytransactionsoftheCompanyin2022isexpectedtobeRMB262,399,800,andtheactualtotalamountisRMB330,527,800.Themainlyreasonforthedifferenceisthat:duringtheReportingPeriod,theCompanycompletedtheacquisitionoffiveenterpriseswhichcausedthechangesinthescopeofconsolidatedfinancialstatementsoftheCompany.ThefiveenterprisesareShenzhenPropertyManagementCo.,Ltd.,ShenzhenForeignTradePropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.andShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.Thetotalamountofdailyrelated-partytransactionsconductedbyabovefiveenterprisesandSIHCaswellasitssubordinatecompaniesisRMB82,011,900.Fordetails,pleaserefertotheAnnouncementonEstimatedContinuingRelated-partyTransactionsin2023disclosedonthesamedayofthisreport. |
| Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A |
2.Related-PartyTransactionsRegardingPurchaseorSalesofAssetsorEquityInterests
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
3.Related-PartyTransactionsRegardingJointInvestmentsinThirdParties
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
4.CreditsandLiabilitieswithRelatedParties
?Applicable□NotapplicableIndicatebytickmarkwhethertherewereanycreditsandliabilitieswithrelatedpartiesfornon-operatingpurposes.?Yes□NoReceivablefromrelatedparties
| 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 | 40,150.00 | 20,000.00 | 20,150.00 | |||
| ShenzhenXinhaiRongyaoRealEstateDevelop | MinorityshareholderofthesubsidiaryRongyaoReal | Businesscirculatingfundsbeforeacquisition | No | 33,047.29 | 33,047.29 |
| mentCo.,Ltd. | Estate | |
| 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 | 3,879.67 | 350.00 | 4,229.67 | ||||
| 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□NotapplicableAtthe14
th
Meetingofthe10
th
BoardofDirectorsheldon23December2022,theCompanyreviewedandapprovedtheProposalontheSigningoftheAgreementandRelated-partyTransactionsbetweenaWholly-ownedSubsidiaryandaRelatedParty.ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd.(hereinafterreferredto“YanzihuCompany”),awholly-ownedsubsidiaryoftheCompany,intendstoenterintoanagreementwithShenzhenTianjunIndustrialCo.,Ltd.(hereinafterreferredtoas“TianjunCompany”,asubordinatecompanyofthecontrollingshareholderSIHC’swholly-ownedsubsidiaryChinaShenzhenForeignTrade(Group)Corp.Ltd.onavoluntary,equalandconsensualbasis.TosuccessfullypromotetheurbanrenewalprojectofTianjunIndustrialParkinPingshanDistrict,Shenzhen(hereinafterreferredtoas“Project”),TianjunCompanyplanstoleavethelandsandpropertiesofTianjunIndustrialParkheldbyit(hereinafterreferredtoas“SubjectAssets”)tothemanagementofYanzihuCompanyinadvance.AndYanzihuCompanyagreedtopayRMB27milliontoTianjunCompanyasonepartoftheoverallrelocationcompensationandresettlementfeeoftheProject.NotransferofownershipofanyassetswilloccurinthistransactionandYanzihuwilltakeovertheparktofacilitatethedevelopmentoftheProject.
Indextoannouncementsonmajorrelated-partytransactions
| Announcement | Disclosuretime | Disclosurewebsite |
| AnnouncementontheSigningoftheAgreementandRelated-partyTransactionsbetweenaWholly-ownedSubsidiaryandaRelatedParty | 24December2022 | http://www.cninfo.com.cn |
XVMajorContractsandExecutionthereof
1.Entrustment,ContractingandLeases
(1)Entrustment
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
(2)Contracting
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
(3)Leases
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
2.Majorguarantees
?Applicable□Notapplicable
Unit:RMB'0,000
| GuaranteesprovidedbytheCompanyastheparentanditssubsidiariesforexternalparties(exclusiveofthoseforsubsidiaries) | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| GuaranteesprovidedbytheCompanyforitssubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| ShenzhenRongyaoReal | 18October2019 | 500,000 | 27November2019 | 299,940 | Securitydeposit | 27November2019to20 | No | Yes | ||
| EstateDevelopmentCo.,Ltd. | November2024 | |||||||||
| TotalapprovedlineforsuchguaranteesattheendoftheReportingPeriod(B3) | 500,000 | TotalactualbalanceofsuchguaranteesattheendoftheReportingPeriod(B4) | 299,940 | |||||||
| Guaranteesprovidedbetweensubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counterguarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | ||||||||||
| TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 500,000 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 299,940 | |||||||
| Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 67.97% | |||||||||
| Ofwhich: | ||||||||||
| Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 299,940 | |||||||||
| Totalofthethreeamountsabove(D+E+F) | 299,940 | |||||||||
Compoundguarantees:
3.CashEntrustedtoOtherEntitiesforManagement
(1)CashEntrustedforWealthManagement
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
(2)EntrustedLoans
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
4.OtherMajorContracts
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
XVIOtherSignificantEvents?Applicable□Notapplicable
(I)MattersonwinningofthebidforlanduserightOn18February2022,theCompanyandYangzhouLvfaRealEstateCo.,Ltd.,byjointbidding,wonthestate-ownedlanduserightofNo.GZ342landplotinPingshanTownship,YangzhouatapriceofRMB835,352,910intheonlinelistingauctionofstate-ownedconstructionlanduserightinYangzhou.Fordetails,seetheAnnouncementonWinningoftheBidforLandUseRight(AnnouncementNo.:2022-02)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on19February2022.(II)MattersonappointmentofseniormanagersoftheCompanyTheCompanyheldtheSixthMeetingofthe10thBoardofDirectorson21February2022,wheretheProposalonAppointmentofGeneralManageroftheCompany,theProposalonAppointmentofDeputyGeneralManagerandOfficerinChargeofFinanceoftheCompanyandtheProposalonAppointmentofChiefFinancialOfficeroftheCompanywerereviewedandapproved,andtheBoardofDirectorsagreedtoappointMr.WangHangjunasgeneralmanageroftheCompany,Mr.ChenHongji,Ms.CaiLili,Mr.LiPengandMr.ZhangGejianasdeputygeneralmanagersoftheCompany,withMs.CaiLiliconcurrentlyservingasofficerinchargeoffinanceoftheCompany,andMs.ShenXueyingaschieffinancialofficeroftheCompany.ThetermofofficeoftheseniormanagersabovestartsfromthedateofreviewandapprovalattheSixthMeetingofthe10thBoardofDirectorsandexpiresonthedateofexpirationofthetermofofficeofthe10thBoardofDirectors.Fordetails,seetheAnnouncementonAppointmentofSeniorManagersoftheCompany(AnnouncementNo.:2022-04)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)on22February2022.(III)MattersonchangesofdirectorsandsupervisorsoftheCompanyDuringtheReportingPeriod,Mr.WeiXiaodong,adirectoroftheCompany,appliedforresignationfromthepositionofnon-independentdirectorandstaffrepresentativedirectorofthe10thBoardofDirectorsforreasonofjobtransfer;Mr.DaiXianhua,asupervisoroftheCompany,appliedforresignationfromthepositionofsupervisorandchairmanoftheBoardofSupervisorsforreachingthestatutoryretirementage.TheCompanyheldtheCongressofWorkersandStaffon29June2022,whereMr.ZhangZhiminwaselectedasstaffrepresentativedirectorofthe10thBoardofDirectorsoftheCompany,whosetermofofficeshallexpireuponexpirationofthetermofofficeofthe10thBoardofDirectors.TheCompanyheldtheSeventhMeetingandEighthMeetingoftheTenthBoardofSupervisorsrespectivelyon4July2022and20July2022,andheldtheGeneralMeetingofShareholderson20July2022,whereMr.MaHongtaowaselectedassupervisorandchairmanoftheBoardofSupervisors,whosetermofofficeshallexpireuponexpirationofthetermofofficeofthe10thBoardofSupervisors.Fordetails,seetheAnnouncementonResignationofDirectorsandElectionofStaffRepresentativeDirector(AnnouncementNo.:2022-20),AnnouncementonProposedChangeofSupervisorsoftheCompany(AnnouncementNo.:2022-29)andAnnouncementonElectionofChairmanoftheBoardofSupervisors(AnnouncementNo.:2022-33)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)respectivelyon30June2022,5July2022and21July2022.(IV)Mattersonprogressofacquisitionbythewholly-ownedsubsidiaryof100%equityinShenzhenPropertyManagementCo.,Ltd.,threeenterprisesownedbyShenzhenShenfubao(Group)Co.,Ltd.andShenzhenForeignTradePropertyManagementCo.,Ltd.,andprogressofrelevantconnectedtransactionsDuringtheReportingPeriod,allrelevantproceduresforindustrialandcommercialchangeregistrationwerehandledandtheNoticeofChange(forRecordation)approvedbyShenzhenMarketSupervisionAdministrationwasobtainedforacquisitionbyShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.(awholly-ownedsubsidiaryoftheCompany)of100%equityinShenzhenPropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.,ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.andShenzhenForeignTradePropertyManagementCo.,Ltd.TheequitytransferfundwaspaiduponthespecialauditbyBakerTillyChinaCertifiedPublicAccountants(LLP).Sincethen,theacquisitionof100%equityinShenzhenPropertyManagementCo.,Ltd.,threeenterprisesownedbyShenzhenShenfubao(Group)Co.,Ltd.andShenzhenForeignTradePropertyManagementCo.,Ltd.aswellasrelated-partytransactionshavebeenofficiallycompleted.Fordetails,seetheAnnouncementonProgressofAcquisitionbytheWholly-ownedSubsidiaryof100%EquityinShenzhenPropertyManagementCo.,Ltd.andProgressofRelevantConnectedTransactions(AnnouncementNo.:2022-01),AnnouncementonProgressofAcquisitionbytheWholly-ownedSubsidiaryof100%Equityin
ThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andProgressofRelevantConnectedTransactions(AnnouncementNo.:2022-05),AnnouncementonProgressofAcquisitionbytheWholly-ownedSubsidiaryof100%EquityinShenzhenForeignTradePropertyManagementCo.,Ltd.andProgressofRelevantConnectedTransactions(AnnouncementNo.:
2022-06),AnnouncementonCompletionofAcquisitionbytheWholly-ownedSubsidiaryof100%EquityinThreeEnterprisesOwnedbyShenzhenShenfubao(Group)Co.,Ltd.andProgressofRelevantConnectedTransactions(AnnouncementNo.:2022-
39)andAnnouncementonCompletionofAcquisitionbytheWholly-ownedSubsidiaryof100%EquityinShenzhenForeignTradePropertyManagementCo.,Ltd.andProgressofRelevantConnectedTransactions(AnnouncementNo.:2022-40)disclosedbytheCompanyonCninfo(www.cninfo.com.cn)respectivelyon15February2022,25February2022and26September2022.(V)MattersontheholdingsubsidiarywinningthebidofthelanduserightIntheReportingPeriod,theCompany'ssubsidiary,YangzhouWuheRealEstateCo.,Ltd,successfullysecuredstate-ownedlanduserightsforPlotGZ399inPingshanTownship,YangzhouCity.Theacquisitionwasmadethroughanonlinepublicbiddingonthestate-ownedconstructionlanduserightsplatformofYangzhouCity,withatransactionpriceofRMB179,175,420.Thisstrategicpurchasewilleffectivelybolsterthecompany'slandreserveandprovidevaluableresourcestofurtheradvanceitsindustrialandurbandevelopmentstrategiesinasustainablemanner.Additionalinformationonthistransactioncanbefoundinthe"AnnouncementontheSubsidiary'sWinningofLandUseRights"(AnnouncementNo.2022-47),whichwaspublishedbythecompanyon17November2022,ontheCNINFOwebsite.
XVIISignificantEventsofSubsidiaries
□Applicable?Notapplicable
PartVIIShareChangesandShareholderInformationIShareChanges
1.ShareChanges
Unit:share
| 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% |
| 2.1RMBordinaryshares | 526,475,543 | 88.34% | 0 | 0 | 0 | 0 | 0 | 526,475,543 | 88.34% |
| 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?Notapplicable
2.ChangesinRestrictedShares
□Applicable?NotapplicableII.IssuanceandListingofSecurities
1.Securities(ExclusiveofPreferredShares)IssuedintheReportingPeriod
□Applicable?Notapplicable
2.ChangestoTotalShares,ShareholderStructureandAssetandLiabilityStructures
□Applicable?Notapplicable
3.ExistingStaff-HeldShares
□Applicable?NotapplicableIIIShareholdersandActualController
1.ShareholdersandTheirShareholdingsatthePeriod-End
Unit:share
| Numberofordinaryshareholders | 48,233 | Numberofordinaryshareholdersatthemonth-endpriortothedisclosureofthisReport | 45,859 | 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 | 0 | 3,326 | 301,411,311 | |||
| ShenzhenState-ownedEquityManagementCo.,Ltd. | Domesticnon-state-ownedlegalperson | 6.38% | 38,037,890 | 0 | 0 | 38,037,890 | |||
| ChinaOrientAssetManagementCo.,Ltd. | State-ownedlegalperson | 2.77% | 16,491,402 | -6,744,998 | 0 | 16,491,402 | |||
| DuanShaoteng | Domesticnaturalperson | 0.29% | 1,755,565 | 0 | 0 | 1,755,565 | |||
| ShenzhenDuty-FreeCommodityEnterprisesCo.,Ltd. | Domesticnon-state-ownedlegalperson | 0.29% | 1,730,300 | 0 | 1,730,300 | 0 | |||
| YangYaochu | Domesticnaturalperson | 0.27% | 1,640,984 | 140,600 | 0 | 1,640,984 | |||
| CITICSecuritiesCompanyLimited | State-ownedlegalperson | 0.25% | 1,545,368 | 1,545,368 | 0 | 1,545,368 | |||
| LiXinyi | Domesticnaturalperson | 0.25% | 1,500,000 | -2,050,100 | 0 | 1,500,000 | |||
| ShenzhenHengbangZhaofengPrivateEquityFundManagementCo.,Ltd.-HengbangXiangshangWin-WinGrowthNo.1PrivateEquityInvestmentFund | Other | 0.22% | 1,303,100 | 1,303,100 | 0 | 1,303,100 | |||
| MaiFurong | Domesticnaturalperson | 0.20% | 1,244,596 | 141,500 | 0 | 1,244,596 | |||
| 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. | 16,491,402 | RMBcommonshare | 16,491,402 |
| DuanShaoteng | 1,755,565 | RMBcommonshare | 1,755,565 |
| YangYaochu | 1,640,984 | Domesticallylistedforeignshare | 1,640,984 |
| CITICSecuritiesCompanyLimited | 1,545,368 | RMBcommonshare | 1,545,368 |
| LiXinyi | 1,500,000 | RMBcommonshare | 1,500,000 |
| ShenzhenHengbangZhaofengPrivateEquityFundManagementCo.,Ltd.-HengbangXiangshangWin-WinGrowthNo.1PrivateEquityInvestmentFund | 1,303,100 | RMBcommonshare | 1,303,100 |
| MaiFurong | 1,244,596 | Domesticallylistedforeignshare | 1,244,596 |
| YouJianping | 1,214,700 | RMBcommonshare | 1,214,700 |
| Relatedoracting-in-concertpartiesamongtop10unrestrictedpublicshareholders,aswellasbetweentop10unrestrictedpublicshareholdersandtop10shareholders | Thelargestshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.,isthecontrollingshareholderoftheCompanyandShenzhenState-ownedEquityManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | ||
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A | ||
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes?NoNosuchcasesintheReportingPeriod.
2.ControllingShareholder
Natureofthecontrollingshareholder:Controlledbyalocalstate-ownedlegalpersonTypeofthecontrollingshareholder:legalperson
| Nameofcontrollingshareholder | Legalrepresentative/personincharge | Dateofestablishment | Unifiedsocialcreditcode | Principalactivity |
| ShenzhenInvestmentHoldingsCo.,Ltd. | HeJianfeng | 13October2004 | 914403007675664218 | ToexecuteinvestmentsandM&Aonfinancialequitysuchasbanks,securities,insurance,fundsandguaranteesandpseudo-bankingequity;toengageinthepropertydevelopmentandoperationbusinesswithinthescaleoflegallyacquirethelanduseright;toexecuteinvestmentsandservicesinstrategicemergingindustry;toexecutetheinvestment,operatingandmanagementofthestate-ownedequitiesofthewholly-owned,controllingandstock-participatingenterprisesthroughthemethodssuchastherestructuring |
| integration,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)holds2213.45millionshares,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?NotapplicableThecontrollingshareholderremainedthesameintheReportingPeriod.
3.ActualControllerandItsActing-in-ConcertPartiesNatureoftheactualcontroller:localinstitutionforstate-ownedassetsmanagementTypeoftheactualcontroller:legalperson
| Nameofactualcontroller | Legalrepresentative/personincharge | Dateofestablishment | Unifiedsocialcreditcode | Principalactivity |
| 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,furtherperfectingthe |
| (XI)Inchargeofpreparingthedraftofbudgetsandfinalaccountsofannualstate-ownedcapitalofenterprisesinitssupervision,includingittothegovernmentbudgetsystem,organizingtheexecutionuponapprovals,andcollectingearningsofstate-ownedcapitalhandedinbyenterprisesinitssupervision(XII)Inchargeofstrategyresearch,policyformulation,andguidancefortransformation,development,andassetmanagementrelatedtocollectively-ownedenterprises(XIII)Assumingotherassignmentsassignedbymunicipalgovernmentandsuperiordepartments | ||
| ShareholdingsoftheactualcontrollerinotherlistedcompaniesathomeorabroadinthisReportingPeriod | ListedcompaniessuchastheShenzhenAirport,YTP,ShenzhenEnergy,ShenzhenZhenye,ShenzhenTagenandSDGI. | |
ChangeoftheactualcontrollerintheReportingPeriod
□Applicable?NotapplicableTheactualcontrollerremainedthesameintheReportingPeriod.OwnershipandcontrolrelationsbetweentheactualcontrollerandtheCompany:
IndicatebytickmarkwhethertheactualcontrollercontrolstheCompanyviatrustorotherwaysofassetmanagement.
□Applicable?Notapplicable
4.NumberofAccumulativePledgedSharesheldbytheCompany’sControllingShareholderortheLargestShareholderaswellasItsActing-in-ConcertPartiesAccountsfor80%ofallsharesoftheCompanyheldbyThem
□Applicable?Notapplicable
5.Other10%orGreaterCorporateShareholders
□Applicable?Notapplicable
6.LimitationsonShareholdingDecreasebytheCompany’sControllingShareholder,ActualController,ReorganizerandOtherCommitmentMakers
□Applicable?Notapplicable
IVSpecificImplementationofShareRepurchaseduringtheReportingPeriodProgressonanysharerepurchase
□Applicable?NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding
□Applicable?Notapplicable
PartVIIIPreferenceShares
□Applicable?NotapplicableNopreferencesharesintheReportingPeriod.
PartIXBonds
□Applicable?Notapplicable
PartXFinancialStatementsI.Auditor’sReport
| Typeoftheindependentauditor’sopinion | Unmodifiedunqualifiedopinion |
| Dateofsigningthisreport | 24March2023 |
| Nameoftheindependentauditor | BakerTillyChinaCertifiedPublicAccountants(LLP) |
| ReferencenumberofAuditReport | BakerTillyYZ[2023]No.13206 |
| Nameofthecertifiedpublicaccountants | ChenZihan,ZhongQinfang |
TextoftheAuditor’sReport
AllshareholdersofShenzhenProperties&ResourcesDevelopment(Group)Ltd.:
1.OpinionWehaveauditedthefinancialstatementsofShenzhenProperties&ResourcesDevelopment(Group)Ltd.(the“Company”),whichcomprisetheconsolidatedandparentcompanybalancesheetsasof31December2022,theconsolidatedandparentcompanystatementsofincome,cashflowsandchangesinshareholders’equityfortheyearthenended,aswellasthenotestothefinancialstatements.Inouropinion,thefinancialstatementsreferredtoabovepresentfairly,inallmaterialrespects,theconsolidatedandparentcompanyfinancialpositionoftheCompanyat31December2022,andtheconsolidatedandparentcompanyoperatingresultsandcashflowsfortheyearthenended,inconformitywiththeChineseAccountingStandards(CAS).
2.BasisforOpinionWeconductedourauditsinaccordancewiththeAuditStandardsforChineseRegisteredAccountants.OurresponsibilitiesunderthosestandardsarefurtherdescribedintheAuditor’sResponsibilitiesforAuditofFinancialStatementssectionofourreport.WeareindependentoftheCompanyinaccordancewiththeChinaCodeofEthicsforCertifiedPublicAccountants,andwehavefulfilledourotherethicalresponsibilitiesinaccordancewiththesaidCodeofEthics.Webelievethattheauditevidencewehaveobtainedissufficientandappropriatetoprovideabasisforouropinion.
3.KeyaudititemsKeyaudititemsaretheitemsthatareconsideredmostimportantfortheauditofthecurrentfinancialstatementsbasedonourprofessionaljudgment.Theresponsetotheseitemsisbasedontheauditofthefinancialstatementsasawholeandtheformationofauditopinions.Wedonotcommentontheseitemsseparately.
| Keyaudititem | Auditresponse |
| 1.Recognitionandmeasurementofrevenuefromrealestatedevelopmentandsales | |
| SZPRDachievedarevenueofRMB1.914billionfromrealestatedevelopmentprojectsin2022,accountingfor51.60%ofthetotaloperatingrevenue.SZPRDconfirmsrevenuefromrealestatedevelopmentprojectswhenallthefollowingconditionsaremet:(1)Realestateproductsofsalescontractsunderdevelopmentarecompletedandaccepted;(2)Irreversiblesalescontractsaresignedandbuyers’paymentcertificatesarereceived;(3)Noticeofpropertyacceptanceisissued. | Ourauditproceduresforthiskeyauditissueinclude:Understandingandsamplingkeycontrolmeasuresrelatedtopropertysalesbusinesstoevaluatetheeffectivenessofimplementationofcontrolprocedures.Obtainingandreviewingcompletionacceptancedocumentsofprojects;reviewingpropertysalescontractsandverifyingtheauthenticityofrevenuefrompropertysalesrecognizedinthisyear;checkingoriginalcollectioncertificatesorcertificatesof |
| TherecognitionandmeasurementofrevenuefromrealestatebusinesshasasignificantimpactontheoperatingresultsofSZPRD,whichmaybeinaccuratelymeasuredorrecognizedinimproperaccountingperiod.Therefore,weregardtherecognitionandmeasurementofrealestatedevelopmentandsalesrevenueaskeyauditissues.Foraccountingpoliciesanddetailsofrevenuefromrealestatedevelopmentandsales,pleaserefertoNoteIII,(28),VI,(37)tothefinancialstatement. | bankmortgageprocedurestodeterminewhetherfullpaymentamountisreceived;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’s2022AnnualReportotherthanthefinancialstatementsandourauditor’sreportthereon.Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationandwedonotexpressanyformofassuranceconclusionthereon.Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheotherinformationand,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.If,basedontheworkwehaveperformed,weconcludethatthereisamaterialmisstatementofthisotherinformation,wearerequiredtoreportthatfact.Wehavenothingtoreportinthisregard.
5.ResponsibilitiesofManagementandThoseChargedwithGovernanceforFinancialStatementsTheManagementisresponsibleforthepreparationofthefinancialstatementsthatgiveafairviewinaccordancewithCAS,andfordesigning,implementingandmaintainingsuchinternalcontrolasthemanagementdeterminesisnecessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetofraudorerror.Inpreparingthefinancialstatements,theManagementisresponsibleforassessingtheCompany’sabilitytocontinueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoingconcernbasisofaccountingunlesstheManagementeitherintendstoliquidatetheCompanyortoceaseoperations,orhavenorealisticalternativebuttodoso.Thosechargedwithgovernance(hereinafterreferredtoasthe“Governance”)areresponsibleforoverseeingtheCompany’sfinancialreportingprocess.
6.Auditor’sResponsibilitiesforAuditofFinancialStatementsOurobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefreefrommaterial
misstatement,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,wedeterminethosemattersthatwereofmostsignificanceintheauditoftheconsolidatedfinancialstatementsofthecurrentperiodandarethereforethekeyauditmatters.Wedescribethesemattersinourauditor’sreportunlesslaworregulationprecludespublicdisclosureaboutthematterorwhen,inextremelyrarecircumstances,wedeterminethatamattershouldnotbecommunicatedinourreportbecausetheadverseconsequencesofdoingsowouldreasonablybeexpectedtooutweighthepublicinterestbenefitsofsuchcommunication.
BakerTillyYZ[2023]No.13206
| Beijing·China24March2023 | ChineseCPA(EngagementPartner): | ChenZihan |
| ChineseCPA: | ZhongQinfang |
IIFinancialStatements
Currencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheet
PreparedbyShenzhenProperties&ResourcesDevelopment(Group)Ltd.
31December2022
Unit:RMB
| Item | 31December2022 | 1January2022 |
| Currentassets: | ||
| Monetaryassets | 1,517,528,893.83 | 2,280,821,442.11 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | 200,000.00 | |
| Accountsreceivable | 419,933,915.30 | 293,985,139.93 |
| Accountsreceivablefinancing | ||
| Prepayments | 100,341,806.56 | 70,979,023.99 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 639,903,523.33 | 926,361,533.14 |
| Including:Interestreceivable | ||
| Dividendsreceivable | ||
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 10,975,334,223.37 | 9,125,134,062.27 |
| Contractassets | 1,094,632.90 | |
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 65,655,266.27 | 58,996,984.81 |
| Totalcurrentassets | 13,719,792,261.56 | 12,756,478,186.25 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | 22,651,454.07 | 23,831,889.11 |
| Long-termequityinvestments | 79,781,437.31 | 50,360,681.37 |
| Investmentsinotherequityinstruments | 887,838.64 | 1,002,551.95 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 405,762,739.18 | 459,204,609.35 |
| Fixedassets | 82,745,172.12 | 114,155,590.40 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 70,168,415.65 | 71,472,680.73 |
| Intangibleassets | 1,269,382.91 | 1,753,389.33 |
| Developmentcosts | ||
| Goodwill | 9,446,847.38 | 9,446,847.38 |
| Long-termprepaidexpense | 21,980,602.46 | 22,751,829.74 |
| Deferredincometaxassets | 1,383,050,586.04 | 1,279,816,590.32 |
| Othernon-currentassets | 2,750,873.08 | 45,571,997.85 |
| Totalnon-currentassets | 2,080,495,348.84 | 2,079,368,657.53 |
| Totalassets | 15,800,287,610.40 | 14,835,846,843.78 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained |
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 608,283,388.52 | 351,894,812.23 |
| Advancesfromcustomers | 2,260,847.31 | 1,381,666.59 |
| Contractliabilities | 920,828,040.81 | 1,374,165,809.40 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 239,126,392.02 | 230,618,067.23 |
| Taxespayable | 3,917,278,346.81 | 3,316,590,190.34 |
| Otherpayables | 1,515,085,832.45 | 1,027,622,090.94 |
| Including:Interestpayable | ||
| Dividendspayable | 12,202,676.04 | 17,542,675.98 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 218,858,766.82 | 83,924,701.83 |
| Othercurrentliabilities | 83,991,786.83 | 77,403,624.02 |
| Totalcurrentliabilities | 7,505,713,401.57 | 6,463,600,962.58 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 3,618,782,344.00 | 3,524,500,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 77,963,283.55 | 83,081,182.89 |
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | 766,612.52 | 1,425,490.50 |
| Deferredincome | ||
| Deferredincometaxliabilities | 241,978.54 | 307,853.79 |
| Othernon-currentliabilities | 128,008,919.79 | 126,059,683.08 |
| Totalnon-currentliabilities | 3,825,763,138.40 | 3,735,374,210.26 |
| Totalliabilities | 11,331,476,539.97 | 10,198,975,172.84 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 80,488,045.38 | 154,342,349.00 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -3,854,377.95 | -8,174,653.66 |
| Specificreserve | ||
| Surplusreserves | 48,886,605.81 | 47,574,940.18 |
| Generalreserve |
| Retainedearnings | 3,691,056,182.73 | 3,800,330,330.23 |
| TotalequityattributabletoownersoftheCompanyastheparent | 4,412,555,547.97 | 4,590,052,057.75 |
| Non-controllinginterests | 56,255,522.46 | 46,819,613.19 |
| Totalowners’equity | 4,468,811,070.43 | 4,636,871,670.94 |
| Totalliabilitiesandowners’equity | 15,800,287,610.40 | 14,835,846,843.78 |
Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 31December2022 | 1January2022 |
| Currentassets: | ||
| Monetaryassets | 532,263,736.63 | 1,177,352,486.44 |
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 5,137,042.71 | 2,223,974.66 |
| Accountsreceivablefinancing | ||
| Prepayments | 5,400.00 | |
| Otherreceivables | 5,162,396,869.45 | 2,412,506,681.28 |
| Including:Interestreceivable | ||
| Dividendsreceivable | 151,433,108.41 | |
| Inventories | 793,075,051.53 | 2,343,857,737.13 |
| Contractassets | ||
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 18,130,015.97 | 496,729.09 |
| Totalcurrentassets | 6,511,002,716.29 | 5,936,443,008.60 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 1,447,747,317.70 | 1,109,826,561.76 |
| Investmentsinotherequityinstruments | 1,118,338.64 | 1,233,051.95 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 260,599,477.89 | 283,198,989.66 |
| Fixedassets | 31,577,309.67 | 41,133,269.92 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 3,238,351.85 | 4,075,422.31 |
| Intangibleassets | ||
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 860,115.06 | 259,463.73 |
| Deferredincometaxassets | 152,942,094.59 | 190,014,842.35 |
| Othernon-currentassets | 2,362,376,650.86 | 1,718,846,484.20 |
| Totalnon-currentassets | 4,260,459,656.26 | 3,348,588,085.88 |
| Totalassets | 10,771,462,372.55 | 9,285,031,094.48 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 41,228,778.20 | 48,640,839.24 |
| Advancesfromcustomers | 952,186.65 | 425,164.77 |
| Contractliabilities | 840,878,470.63 | 524,139,983.49 |
| Employeebenefitspayable | 56,425,731.67 | 49,313,279.30 |
| Taxespayable | 1,783,757.84 | 4,678,424.25 |
| Otherpayables | 7,258,663,180.38 | 5,963,004,158.44 |
| Including:Interestpayable | ||
| Dividendspayable | 29,642.40 | 29,642.40 |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 190,431,469.82 | 65,163,793.74 |
| Othercurrentliabilities | 75,679,062.35 | 47,172,598.51 |
| Totalcurrentliabilities | 8,466,042,637.54 | 6,702,538,241.74 |
| Non-currentliabilities: | ||
| Long-termborrowings | 462,000,000.00 | 525,100,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 1,947,178.87 | 2,976,367.29 |
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | ||
| Deferredincometaxliabilities | ||
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 |
| Totalnon-currentliabilities | 503,947,178.87 | 568,076,367.29 |
| Totalliabilities | 8,969,989,816.41 | 7,270,614,609.03 |
| 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 | -2,742,841.65 | -2,574,121.54 |
| Specificreserve | ||
| Surplusreserves | 48,886,605.81 | 29,637,548.47 |
| Retainedearnings | 1,105,473,319.87 | 1,337,497,586.41 |
| Totalowners’equity | 1,801,472,556.14 | 2,014,416,485.45 |
| Totalliabilitiesandowners’equity | 10,771,462,372.55 | 9,285,031,094.48 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | 2022 | 2021 |
| 1.Revenue | 3,708,669,046.85 | 4,911,120,528.33 |
| Including:Operatingrevenue | 3,708,669,046.85 | 4,911,120,528.33 |
| Interestrevenue | ||
| Insurancepremiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 3,142,047,245.48 | 3,584,941,653.00 |
| Including:Costofsales | 1,978,777,621.22 | 1,827,382,823.18 |
| Interestcosts | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 725,920,657.80 | 1,352,677,993.06 |
| Sellingexpense | 53,541,997.78 | 73,372,016.02 |
| Administrativeexpense | 329,991,655.74 | 323,975,355.61 |
| R&Dexpense | 3,244,129.11 | 2,171,797.80 |
| Financecosts | 50,571,183.83 | 5,361,667.33 |
| Including:Interestexpense | 64,941,564.63 | 75,361,420.03 |
| Interestincome | 21,591,864.72 | 75,033,921.17 |
| Add:Otherincome | 19,484,058.67 | 32,012,226.29 |
| Returnoninvestment(“-”forloss) | 1,981,330.90 | 6,609,725.37 |
| Including:Shareofprofitorlossofjointventuresandassociates | 2,040,461.81 | 4,650,460.58 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | 117,082.19 | 193,746.57 |
| Creditimpairmentloss(“-”forloss) | -17,395,139.90 | -29,194,857.89 |
| Assetimpairmentloss(“-”forloss) | -528,430.23 | 23,120.82 |
| Assetdisposalincome(“-”forloss) | 175,810,605.44 | 27.94 |
| 3.Operatingprofit(“-”forloss) | 746,091,308.44 | 1,335,822,864.43 |
| Add:Non-operatingincome | 7,198,004.28 | 15,587,559.41 |
| Less:Non-operatingexpense | 2,556,893.74 | 7,495,978.90 |
| 4.Profitbeforetax(“-”forloss) | 750,732,418.98 | 1,343,914,444.94 |
| Less:Incometaxexpense | 221,391,811.02 | 335,904,738.19 |
| 5.Netprofit(“-”fornetloss) | 529,340,607.96 | 1,008,009,706.75 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 529,340,607.96 | 1,008,009,706.75 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoshareholdersoftheCompanyastheparent | 537,664,698.69 | 1,025,380,909.03 |
| 5.2.1Netprofitattributabletonon-controllinginterests | -8,324,090.73 | -17,371,202.28 |
| 6.Othercomprehensiveincome,netoftax | 4,320,275.71 | -1,425,064.25 |
| AttributabletoownersoftheCompanyastheparent | 4,320,275.71 | -1,425,064.25 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -168,720.11 | -28,670.35 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -168,720.11 | -28,670.35 |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 6.1.5Other | ||
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | 4,488,995.82 | -1,396,393.90 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | 4,488,995.82 | -1,396,393.90 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | ||
| 7.Totalcomprehensiveincome | 533,660,883.67 | 1,006,584,642.50 |
| AttributabletoownersoftheCompanyastheparent | 541,984,974.40 | 1,023,955,844.78 |
| Attributabletonon-controllinginterests | -8,324,090.73 | -17,371,202.28 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.9022 | 1.7205 |
| 8.2Dilutedearningspershare | 0.9022 | 1.7205 |
WherebusinesscombinationsundercommoncontroloccurredintheCurrentPeriod,thenetprofitachievedbytheacquireesbeforethecombinationswasRMB9,596,148.16,withtheamountforthesameperiodoflastyearbeingRMB21,251,005.70.Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | 2022 | 2021 |
| 1.Operatingrevenue | 75,486,414.74 | 80,529,601.93 |
| Less:Costofsales | 44,999,240.65 | 38,571,950.27 |
| Taxesandsurcharges | 5,106,898.84 | 7,146,348.46 |
| Sellingexpense | 400,095.36 | 2,006,401.50 |
| Administrativeexpense | 102,699,790.62 | 95,334,812.14 |
| R&Dexpense | ||
| Financecosts | 6,565,334.70 | -34,874,500.11 |
| Including:Interestcosts | 27,016,860.03 | 25,501,758.97 |
| Interestrevenue | 13,235,541.77 | 63,489,075.60 |
| Add:Otherincome | 183,849.33 | 20,102,972.08 |
| Returnoninvestment(“-”forloss) | 313,407,689.63 | 134,368,018.21 |
| Including:Shareofprofitorlossofjointventuresandassociates | 2,040,461.81 | 4,650,460.58 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | 280,304.06 | -356,512.44 |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | ||
| 2.Operatingprofit(“-”forloss) | 229,586,897.59 | 126,459,067.52 |
| Add:Non-operatingincome | 7,173,820.40 | |
| Less:Non-operatingexpense | 23,576.47 | 169,457.44 |
| 3.Profitbeforetax(“-”forloss) | 229,563,321.12 | 133,463,430.48 |
| Less:Incometaxexpense | 37,072,747.76 | 29,147,742.04 |
| 4.Netprofit(“-”fornetloss) | 192,490,573.36 | 104,315,688.44 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 192,490,573.36 | 104,315,688.44 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | -168,720.11 | -28,670.35 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -168,720.11 | -28,670.35 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -168,720.11 | -28,670.35 |
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthe |
| translationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 192,321,853.25 | 104,287,018.09 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.3230 | 0.1750 |
| 7.2Dilutedearningspershare | 0.3230 | 0.1750 |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | 2022 | 2021 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 3,437,128,020.73 | 5,848,887,354.06 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts | ||
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 10,058,351.98 | 42,434,277.83 |
| Cashgeneratedfromotheroperatingactivities | 1,078,867,968.60 | 354,846,811.16 |
| Subtotalofcashgeneratedfromoperatingactivities | 4,526,054,341.31 | 6,246,168,443.05 |
| Paymentsforcommoditiesandservices | 2,510,779,597.33 | 4,893,470,956.31 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 983,205,651.52 | 941,865,001.94 |
| Taxespaid | 688,906,681.47 | 1,533,290,206.83 |
| Cashusedinotheroperatingactivities | 237,929,307.13 | 706,522,030.42 |
| Subtotalofcashusedinoperatingactivities | 4,420,821,237.45 | 8,075,148,195.50 |
| Netcashgeneratedfrom/usedinoperatingactivities | 105,233,103.86 | -1,828,979,752.45 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 297,479.85 |
| Returnoninvestment | 122,536.02 | |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 197,192,641.96 | 112,437.89 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 197,490,121.81 | 234,973.91 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 17,734,048.21 | 24,851,720.82 |
| Paymentsforinvestments | 27,380,294.13 | |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 4,292,240.68 | |
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 45,114,342.34 | 29,143,961.50 |
| Netcashgeneratedfrom/usedininvestingactivities | 152,375,779.47 | -28,908,987.59 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 17,760,000.00 | 2,140,000.00 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 17,760,000.00 | 2,140,000.00 |
| Borrowingsraised | 285,589,674.44 | |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 303,349,674.44 | 2,140,000.00 |
| Repaymentofborrowings | 63,300,000.00 | 31,000,000.00 |
| Interestanddividendspaid | 593,986,146.21 | 482,143,700.54 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | ||
| Cashusedinotherfinancingactivities | 306,511,487.27 | 62,778,403.22 |
| Subtotalofcashusedinfinancingactivities | 963,797,633.48 | 575,922,103.76 |
| Netcashgeneratedfrom/usedinfinancingactivities | -660,447,959.04 | -573,782,103.76 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 4,790,697.94 | -1,487,028.62 |
| 5.Netincreaseincashandcashequivalents | -398,048,377.77 | -2,433,157,872.42 |
| Add:Cashandcashequivalents,beginningoftheperiod | 1,907,742,235.25 | 4,340,900,107.67 |
| 6.Cashandcashequivalents,endoftheperiod | 1,509,693,857.48 | 1,907,742,235.25 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | 2022 | 2021 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 421,114,781.33 | 655,800,441.53 |
| Taxrebates | 33,168,933.87 | |
| Cashgeneratedfromotheroperatingactivities | 1,762,436,455.47 | 2,571,773,113.99 |
| Subtotalofcashgeneratedfromoperatingactivities | 2,183,551,236.80 | 3,260,742,489.39 |
| Paymentsforcommoditiesandservices | 97,820,597.35 | 1,726,321,339.89 |
| Cashpaidtoandforemployees | 65,677,185.99 | 63,355,236.26 |
| Taxespaid | 34,805,390.11 | 12,501,445.12 |
| Cashusedinotheroperatingactivities | 1,082,444,909.69 | 3,120,104,282.29 |
| Subtotalofcashusedinoperatingactivities | 1,280,748,083.14 | 4,922,282,303.56 |
| Netcashgeneratedfrom/usedinoperatingactivities | 902,803,153.66 | -1,661,539,814.17 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | 1,841,000,000.00 | 50,000,000.00 |
| Returnoninvestment | 473,625,777.76 | |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 209.00 | 2,344.57 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 2,314,625,986.76 | 50,002,344.57 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 1,154,885.13 | 2,309,879.80 |
| Paymentsforinvestments | 3,124,506,071.91 | 466,000,000.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvestingactivities | 3,125,660,957.04 | 468,309,879.80 |
| Netcashgeneratedfrom/usedininvestingactivities | -811,034,970.28 | -418,307,535.23 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsraised | 125,000,000.00 | |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 125,000,000.00 | |
| Repaymentofborrowings | 63,100,000.00 | 30,800,000.00 |
| Interestanddividendspaid | 432,215,867.55 | 269,890,778.58 |
| Cashusedinotherfinancingactivities | 1,603,790.70 | 1,198,076.70 |
| Subtotalofcashusedinfinancingactivities | 496,919,658.25 | 301,888,855.28 |
| Netcashgeneratedfrom/usedinfinancingactivities | -371,919,658.25 | -301,888,855.28 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 12,768.24 | -12,608.83 |
| 5.Netincreaseincashandcashequivalents | -280,138,706.63 | -2,381,748,813.51 |
| Add:Cashandcashequivalents,beginningoftheperiod | 808,411,401.68 | 3,190,160,215.19 |
| 6.Cashandcashequivalents,endoftheperiod | 528,272,695.05 | 808,411,401.68 |
7.ConsolidatedStatementsofChangesinOwners’Equity
2022
Unit:RMB
| Item | 2022 | ||||||||||||||
| 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 | -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 | |||||||
| Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
| Adjustmentforcorrectionofpreviouserror | |||||||||||||||
| Adjustmentforbusinesscombinationundercommoncontrol | 73,854,303.62 | 17,937,391.71 | 12,149,572.03 | 103,941,267.36 | 1,839,939.00 | 105,781,206.36 | |||||||||
| Otheradjustments | |||||||||||||||
| 2.Balanceasatthebeginningoftheyear | 595,979,092.00 | 154,342,349.00 | -8,174,653.66 | 47,574,940.18 | 3,800,330,330.23 | 4,590,052,057.75 | 46,819,613.19 | 4,636,871,670.94 | |||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -73,854,303.62 | 4,320,275.71 | 1,311,665.63 | -109,274,147.50 | -177,496,509.78 | 9,435,909.27 | -168,060,600.51 | ||||||||
| 3.1Totalcomprehensiveincome | 4,320,275.71 | 537,664,698.69 | 541,984,974.40 | -8,324,090.73 | 533,660,883.67 | ||||||||||
| 3.2Capitalincreasedandreducedbyowners | -73,854,303.62 | -17,937,391.71 | -222,424,006.29 | -314,215,701.62 | 17,760,000.00 | -296,455,701.62 | |||||||||
| 3.2.1Ordinarysharesincreasedbyowners | 17,760,000.00 | 17,760,000.00 | ||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
| 3.2.4Other | -73,854,303.62 | -17,937,391.71 | -222,424,006.29 | -314,215,701.62 | -314,215,701.62 | |||||
| 3.3Profitdistribution | 19,249,057.34 | -424,514,839.90 | -405,265,782.56 | -405,265,782.56 | ||||||
| 3.3.1Appropriationtosurplusreserves | 19,249,057.34 | -19,249,057.34 | ||||||||
| 3.3.2Appropriationtogeneralreserve | ||||||||||
| 3.3.3Appropriationtoowners(orshareholders) | -405,265,782.56 | -405,265,782.56 | -405,265,782.56 | |||||||
| 3.3.4Other | ||||||||||
| 3.4Transferswithinowners’equity | ||||||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplus |
| reserves | |||||||||||||
| 3.4.3Lossoffsetbysurplusreserves | |||||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | |||||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | |||||||||||||
| 3.4.6Other | |||||||||||||
| 3.5Specificreserve | |||||||||||||
| 3.5.1Increaseintheperiod | |||||||||||||
| 3.5.2Usedintheperiod | |||||||||||||
| 3.6Other | - | ||||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 80,488,045.38 | -3,854,377.95 | 48,886,605.81 | 3,691,056,182.73 | 4,412,555,547.97 | 56,255,522.46 | 4,468,811,070.43 |
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 | 73,854,303.62 | 17,937,391.71 | -9,261,494.67 | 82,530,200.66 | 82,530,200.66 | ||||||||
| Otheradjustments | |||||||||||||
| 2.Balanceasatthebeginningoftheyear | 595,979,092.00 | 154,342,349.00 | -6,749,589.41 | 37,143,371.34 | 3,029,732,417.76 | 3,810,447,640.69 | 53,204,039.80 | 3,863,651,680.49 | |||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -1,425,064.25 | 10,431,568.84 | 770,597,912.47 | 779,604,417.06 | -6,384,426.61 | 773,219,990.45 | |||||||
| 3.1Totalcomprehensiveincome | -1,425,064.25 | 1,025,380,909.03 | 1,023,955,844.78 | -17,371,202.28 | 1,006,584,642.50 | ||||||||
| 3.2Capitalincreasedandreducedbyowners | 10,986,775.67 | 10,986,775.67 | |||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | 2,140,000.00 | 2,140,000.00 | |||||||||||
| 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 | |||||||||||||
| 3.3.3 | - | - | - |
| Appropriationtoowners(orshareholders) | 244,351,427.72 | 244,351,427.72 | 244,351,427.72 | ||||||||||
| 3.3.4Other | |||||||||||||
| 3.4Transferswithinowners’equity | |||||||||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | |||||||||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | |||||||||||||
| 3.4.3Lossoffsetbysurplusreserves | |||||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | |||||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | |||||||||||||
| 3.4.6Other | |||||||||||||
| 3.5Specificreserve | |||||||||||||
| 3.5.1Increaseintheperiod | |||||||||||||
| 3.5.2Usedintheperiod | |||||||||||||
| 3.6Other | |||||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 154,342,349.00 | -8,174,653.66 | 47,574,940.18 | 3,800,330,330.23 | 4,590,052,057.75 | 46,819,613.19 | 4,636,871,670.94 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
2022
Unit:RMB
| Item | 2022 | |||||||||||
| 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 | -2,574,121.54 | 29,637,548.47 | 1,337,497,586.41 | 2,014,416,485.45 | ||||||
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
| Adjustmentforcorrectionofpreviouserror | ||||||||||||
| Otheradjustments | ||||||||||||
| 2.Balanceasatthebeginningoftheyear | 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 | ||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -168,720.11 | 19,249,057.34 | -232,024,266.54 | -212,943,929.31 | ||||||||
| 3.1Totalcomprehensiveincome | -168,720.11 | 192,490,573.36 | 192,321,853.25 | |||||||||
| 3.2Capitalincreasedandreducedbyowners | ||||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||||
| 3.2.4Other | ||||||||||||
| 3.3Profitdistribution | 19,249,057.34 | -424,514,839.90 | -405,265,782.56 | |||||||||
| 3.3.1Appropriationtosurplusreserves | 19,249,057.34 | -19,249,057.34 | ||||||||||
| 3.3.2Appropriationtoowners(or | -405,26 | -405,265,782.56 | ||||||||||
| shareholders) | 5,782.56 | |||||||||
| 3.3.3Other | ||||||||||
| 3.4Transferswithinowners’equity | ||||||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||||
| 3.4.3Lossoffsetbysurplusreserves | ||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
| 3.4.6Other | ||||||||||
| 3.5Specificreserve | ||||||||||
| 3.5.1Increaseintheperiod | ||||||||||
| 3.5.2Usedintheperiod | ||||||||||
| 3.6Other | ||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 53,876,380.11 | -2,742,841.65 | 48,886,605.81 | 1,105,473,319.87 | 1,801,472,556.14 |
2021
Unit:RMB
| Item | 2021 | |||||||||||
| 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 | -2,545,451.19 | 19,205,979.63 | 1,487,964,894.53 | 2,154,480,895.08 | ||||||
| Add:Adjustmentforchangein | ||||||||||||
| accountingpolicy | ||||||||||
| 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 | ||||||||||
| 3.2.4Other | ||||||||||
| 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) | -244,351,427.72 | -244,351,427.72 | ||||||||
| 3.3.3Other | ||||||||||
| 3.4Transferswithinowners’equity | ||||||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | ||||||||||
| 3.4.2Increaseincapital(or |
| sharecapital)fromsurplusreserves | ||||||||||
| 3.4.3Lossoffsetbysurplusreserves | ||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
| 3.4.6Other | ||||||||||
| 3.5Specificreserve | ||||||||||
| 3.5.1Increaseintheperiod | ||||||||||
| 3.5.2Usedintheperiod | ||||||||||
| 3.6Other | ||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 53,876,380.11 | -2,574,121.54 | 29,637,548.47 | 1,337,497,586.41 | 2,014,416,485.45 |
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.Thefinancialstatementswereapprovedandauthorizedforissuebythe17
thMeetingofthe10
th
BoardofDirectorsoftheCompanyon24March2023.TheconsolidationscopeoftheCompany’sconsolidatedfinancialstatementswasdeterminedbasedonthecontrolwhichincludedthefinancialstatementsoftheCompanyandallitssubsidiaries.Asubsidiaryreferstoanenterpriseorentitycontrolledbythe
Company.Therewere63subsidiariesincludedintheconsolidationfinancialstatementsinthisreport.PleaserefertotheNoteVIIIandNoteIXofthefinancialreportfordetails.IVBasisforPreparationofFinancialStatements
1.PreparationBasis
Basedonthecontinuingoperation,thefinancialstatementsoftheCompanyarepreparedinaccordancewiththeactualtransactions,governingprovisionsoftheAccountingStandardsforBusinessEnterprisesandthefollowingmajoraccountingpoliciesandestimates.
2.ContinuationTherewasnosuchcasewherethesustainableoperationabilitywithin12monthssincetheendoftheReportingPeriodwashighlydoubted.V.ImportantAccountingPoliciesandEstimations
Indicationofspecificaccountingpoliciesandestimations:
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.AccountingProcessofBusinessCombinationsundertheSameControl
ForbusinesscombinationunderthesamecontrolachievedthroughonetransactionorstepbystepthroughmultipletransactionsbytheCompany,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,eachtransaction
shouldbeaccountedforasatransactionthatdisposesofandlosescontroloverasubsidiary;however,thedifferencebetweenthedisposalpriceandtheshareofthenetassetsofthesubsidiarycorrespondingtothedisposaloftheinvestmentforeachdisposalpriortothelossofcontrolshouldberecognizedasothercomprehensiveearningsintheconsolidatedfinancialstatementsandtransferredtoprofitorlossforthecurrentperiodwhentheCompanylostthecontrol.Intheconsolidatedfinancialstatements,theremainingequityshouldberemeasuredatfairvalueonthedateoflossofcontrol.ThesumoftheconsiderationobtainedfromthedispositionofequityandthefairvalueoftheresidualequityminustheCompany'sportionofnetassetsintheformersubsidiarycalculatedfromthedateofcombinationonanongoingbasisattheoriginalshareholdingratioisincludedinthereturnoninvestmentforthecurrentperiodwhentheCompanylostthecontrol.OthercomprehensiveincomerelatedtotheequityinvestmentsintheformersubsidiaryshouldbeincludedinthereturnoninvestmentorretainedearningsforthecurrentperiodwhentheCompanylostthecontrol.
(3)Accountingtreatmentwhentransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiarydonotconstitutea"packagedeal"IftheCompanydisposesofinvestmentsmadeinitssubsidiarywithoutlosingcontroloverthesubsidiary,intheconsolidatedfinancialstatements,thedifferencebetweenthepaymentforequitydisposedofandtheCompany'scorrespondingportionofnetassetsinthesubsidiaryisincludedinthecapitalreserve.Ifthecapitalreserveisinsufficientforoffset,theretainedearningsshouldbeadjusted.Ifthedisposalofinvestmentsmadeinitssubsidiaryresultsinalossofcontroloverthesubsidiary,intheconsolidatedfinancialstatements,theremainingequityshouldberemeasuredatthefairvalueonthedateoflossofcontrol.ThesumoftheconsiderationobtainedfromthedispositionofequityandthefairvalueoftheresidualequityminustheCompany'sportionofnetassetsintheformersubsidiarycalculatedfromthedateofcombinationonanongoingbasisattheoriginalshareholdingratioisincludedinthereturnoninvestmentforthecurrentperiodwhentheCompanylostthecontrol.OthercomprehensiveincomerelatedtotheequityinvestmentsintheformersubsidiaryshouldbeincludedinthereturnoninvestmentorretainedearningsforthecurrentperiodwhentheCompanylostthecontrol.
6.MethodsforPreparingConsolidatedFinancialStatementsBasedonthefinancialstatementsoftheCompanyastheparentanditssubsidiariesandotherrelatedmaterials,theconsolidatedfinancialstatementswerepreparedbytheGroupastheparentaccordingtoAccountingStandardsforEnterprisesNo.33–ConsolidatedFinancialStatements.
7.ClassificationofJointarrangementsandAccountingTreatmentofJointOperations
1.IdentificationandclassificationofjointarrangementsAjointarrangementisanarrangementoverwhichtwoormorepartieshavejointcontrol.Ajointarrangementhasthefollowingcharacteristics:(1)Eachparticipantisboundbythearrangement;(2)twoormorepartiesofthejointarrangementexercisejointcontroloverthearrangement.Noonepartycancontrolthearrangementalone,andanypartywithjointcontroloverthearrangementcanpreventtheotherpartyorcombinationofpartiesfromcontrollingthearrangementalone.Jointcontrolreferstothecommoncontroloveraparticulararrangementaccordingtorelevantagreement,andthatthedecisionsonrelevantactivitiesundersucharrangementaresubjecttounanimousconsentfromthepartiessharingthejointcontrol.Jointarrangementsaredividedintojointoperationsandjointventures.Ajointoperationisajointarrangementwherebythepartytojointarrangementhasrightstotheassets,andobligationsfortheliabilitiesrelatedtothearrangement.Ajointventureisajointarrangementwherebythepartytojointarrangementhasrightstothenetassetsofthearrangement.
2.AccountingtreatmentofjointarrangementsApartytoajointoperationshallrecognizethefollowingitemsrelatedtoitsshareofinterestinthejointoperationandconductaccountingtreatmentfortheminaccordancewiththerelevantprovisionsoftheAccountingStandardforBusinessEnterprises:(1)Recognitionofassetsheldseparatelyandofassetsheldjointlyinproportiontoitsshare;(2)recognitionofliabilitiesincurredseparatelyandofliabilitiesincurredjointlyinproportiontoitsshare;(3)recognitionofrevenuefromthesaleofitsshareoftheoutputofthejointoperation;(4)recognitionofrevenuefromthesaleofoutputofthejointoperationinproportiontoitsshare;(5)recognitionofexpensesincurredseparatelyandofexpensesincurredinthejointoperationinproportiontoitsshare.ThepartytoajointventureshouldconductaccountingtreatmentinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.2-Long-termEquityInvestment.
8.RecognitionStandardforCashandCashEquivalentsIntheCompany’sunderstanding,cashandcashequivalentsincludecashonhand,anydepositthatcanbeusedforcover,andshort-term(usuallyduewithin3monthssincethedayofpurchase)andhighcirculatinginvestments,whichareeasilyconvertibleintoknownamountofcashandwhoserisksinchangeofvalueareminimal.
9.ForeignCurrencyBusinessesandTranslationofForeignCurrencyFinancialStatements
(1)AccountingtreatmentsfortranslationofforeigncurrencybusinessAsforaforeigncurrencytransactioninitsinitialrecognition,theamountintheforeigncurrencyshallbetranslatedintotheamountintheRenminbiatthespotexchangerateofthetransactiondate.Onbalancesheetdate,theforeigncurrencymonetaryitemsshallbetranslatedasthespotexchangerateonthebalancesheetdate,thebalanceoccurredthereofshallberecordedintotheprofitsandlossesatthecurrentperiodexceptthatthebalanceofexchangearisingfromtheprincipalandinterestsofforeigncurrencyborrowingsforthepurchaseandconstructionorproductionofassetseligibleforcapitalization.Theforeigncurrencynon-monetaryitemsmeasuredatthehistoricalcostshallstillbetranslatedatthespotexchangerateonthetransactiondate,ofwhichtheamountoffunctionalcurrencyshallnotbechanged.Theforeigncurrencynon-monetaryitemsmeasuredatthefairvalueshallbetranslatedatthespotexchangerateontheconfirmingdateoffairvalue,ofwhichthebalanceofexchangeshallbeincludedintotheprofitandlossofthecurrentperiodorothercomprehensiveincome.
(2)TranslationofforeigncurrencyfinancialstatementsTheassetandliabilityitemsinthebalancesheetsshallbetranslatedataspotexchangerateonthebalancesheetdate.Amongtheowner’sequityitems,exceptfortheitemsas“retainedearnings”,otheritemsshallbetranslatedatthespotexchangerateatthetimewhentheyareincurred.Theincomeandexpenseitemsintheincomestatementsshallbetranslatedatthespotexchangerateatthetimewhentheyareincurred.Thedifferencefromtranslationofforeigncurrencyfinancialstatementsthereofshallberecognizedascomprehensiveincome.
10.FinancialInstruments
1.RecognitionandderecognitionoffinancialinstrumentsWhentheGroupbecomesapartytoafinancialinstrumentcontract,itrecognizesrelevantfinancialassetsorfinancialliabilities.Allregularacquisitionorsalesoffinancialassetsarerecognizedandderecognizedonatradingdaybasis.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 | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Otherreceivables-intercoursefundsamongrelatedpartygroupwithintheconsolidationscope | Accountsnature | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
| Otherreceivables-interestreceivablegroup | ||
| Otherreceivables-otherintercoursefundsamongrelatedpartygroup | ||
| Otherreceivables-creditriskcharacteristicsgroup | Aginggroup | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
(3)Accountsreceivablewithexpectedcreditlossesmeasuredbygroups
①Specificgroupsandmethodofmeasuringexpectedcreditloss
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Bank’sacceptancebillsreceivable | Billtype | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditloss |
| Tradeacceptancebillsreceivable |
| rateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithintheentirelife | ||
| 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,development
products,temporarilyleaseddevelopmentproductswhichintendedforsale,relocationhousing,stockmaterials,inventoryequipment,andlow-valueconsumables,etc.,aswellasdevelopmentcostsintheprocessofdevelopment.
(2)CostFlowAssumption
1)Send-outmaterialsshalladoptthemovingweightedaveragemethod.
2)Duringthedevelopmentoftheproject,thedevelopmentlandshallbeincludedinthedevelopmentcostoftheprojectbythefloorareaapportionofthedevelopedproducts.
3)Send-outdevelopedproductsshallbeaccountedbyspecificidentificationmethod.
4)ThetemporarilyleaseddevelopmentproductswhichintendedforsaleandrelocationhousingshallbeamortizedaveragelybystagesaccordingtotheexpectedusefullifeofthesamekindoffixedassetsoftheCompany.
5)Ifthepublicsupportingfacilitiesarecompletedearlierthantherelevantdevelopmentproducts,afterthefinalaccountofthepublicsupportingfacilities，itshallbeaccountintothedevelopmentcostoftherelevantdevelopmentprojectsaccordingtothebuildingarea;Ifthepublicsupportingfacilitiesarecompletedlaterthantherelevantdevelopmentproducts,therelevantdevelopmentproductsshallwithholdthepublicsupportingfacilitiesfees,andadjusttherelevantdevelopmentproductcostsaccordingtothedifferencebetweentheactualoccurrenceandthewithholdamountafterthecompletedpublicsupportingfacilities'finalaccounts.
(3)RecognitionbasisofNetRealizableValueofInventoryOnthebalancesheetdate,inventoryshallbemeasuredatthelowerofcostornetrealizablevalue,andprovisionshallbemadeforfallingpriceofinventoriesonthegroundofthedifferencebetweenthecostofeachitemofinventoriesandthenetrealizablevalue.Inventoriesdirectlyforsale,undernormalproducingprocess,totheamountafterdeductingtheestimatedsaleexpenseandrelevanttaxesfromtheestimatedsellpriceoftheinventory,thenetrealizablevaluehasbeenrecognized;inventorieswhichneedtobeprocessed,undernormalproducingprocess,totheamountafterdeductingtheestimatedcostofcompletion,estimatedsaleexpenseandrelevanttaxesfromtheestimatedsalepriceofproducedfinishedgoods,thenetrealizablevaluehasbeenrecognized;onthebalancesheetdate,inthesameitemofinventories,ifsomehavecontractualpriceagreementwhileothersdonot,thenetrealizablevalueshallberecognizedrespectivelyandcomparedwiththeircost,andtheamountofprovisionwithdrawalorreversalforfallingpriceofinventoriesshallberecognizedrespectively.
(4)InventorySystemforInventoriesInventorysystem:Perpetualinventorysystem
(5)AmortizationMethodoftheLow-valueConsumptionGoodsandPackingArticles
1)Low-valueConsumptionGoodsOne-offamortizationmethod
2)PackingArticlesOne-offamortizationmethod
16.ContractAssetsTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ConsiderationsthattheCompanyhastherighttocollectforcommoditiestransferredorservicesprovidedtocustomers(exceptforaccountsreceivable)arepresentedascontractassets.Forcontractassetsthatdonotcontainsignificantfinancingcomponents,theCompanyusesthesimplifiedmodelofexpectedcreditloss,measuringthelossprovisionaccordingtoanamountthatisequivalenttotheamountofexpectedcreditlossoftheentireduration.Theincreasedlossprovisionorreversedamountthereofshallberecordedintothecurrentprofitorlossasimpairmentlossesorgains.Forcontractassetsthatcontainsignificantfinancingcomponents,theCompanyhasmadetheaccountingpolicychoiceandselectedthesimplifiedmodelofexpectedcreditloss,measuringthelossprovisionaccordingtoanamountthatisequivalenttotheamountofexpectedcreditlossoftheentireduration.Theincreasedlossprovisionorreversedamountthereofshallberecordedintothecurrentprofitorlossasimpairmentlossesorgains.
17.ContractCostsContractcostscomprisecontractperformancecostandcontractacquisitioncost.ThecostincurredbytheCompanyfromperformingacontractisrecognizedintoanassetascontractperformancecostwhenitmeetsthefollowingconditions:
Thiscostdirectlyrelatestoanexistingcontractoracontractexpectedtobeacquired.Itconsistsofdirectlabor,directmaterials,manufacturecosts(orsimilarcosts),costsspecifiedtobebornebythecustomerandothercostsincurredfromthiscontractsolely.ThiscosthasincreasedtheCompany’ssourcesthatareusedtofulfillitscontractperformanceobligationsinthefuture.Thiscostisexpectedtoberecovered.AnincrementalcostthatisincurredbytheCompanyforacquiringacontractandexpectedtoberecoveredisrecognizedintoanassetascontractacquisitioncost.However,forsuchassetwithanamortizationperiodoflessthanoneyear,theCompanyrecognizesthemintocurrentprofit/lossattheiroccurrence.Assetsrelatedtocontractcostsareamortizedonthesamebasisforrecognizingtherevenuefromcommoditiesorservicesrelatedtosuchassets.Whenthecarryingvalueofanassetrelatedtocontractcostsishigherthanthedifferencebetweenthefollowingtwoitems,theCompanywillwithdrawimpairmentprovisionfortheexceededpartandrecognizeitasassetimpairmentloss:
Residualconsiderationexpectedtobegainedfromtransferringcommoditiesandservicesrelatedtothisasset;Costsexpectedtobeincurredfromtransferringsuchcommoditiesorservices.Whentheaforementionedassetimpairmentprovisionisreversedlater,thecarryingvalueoftheassetafterthereversalshouldnotexceeditscarryingvalueonthereversaldateundertheassumptionofnowithdrawalofimpairmentprovision.
18.AssetsHeldforSaleTheCompanydividesitscomponents(ornon-currentassets)meetingthefollowingconditionsintoavailableforsaleassets:(1)Assetscanbesoldimmediatelyunderthecurrentconditionsaccordingtothepracticeofsellingsuchassetsordisposalgroupsinsimilartransactions;(2)Thesaleislikelytooccur,andaresolutionhasbeenmadeonasaleplanandafirmpurchasecommitmentisobtained(afirmpurchasecommitmentreferstoalegallybindingpurchaseagreementsignedbetweenanenterpriseandotherparties,whichcontainsimportanttermssuchastransactionprice,timeandseverepenaltyforbreachofcontracttominimizethepossibilityofmajoradjustmentorcancellationoftheagreement.Thesaleisexpectedtobecompletedwithinayear.Ithasbeenapprovedbyrelevantauthoritiesorregulatoryauthoritiesaccordingtorelevantregulations.TheCompanyadjuststheestimatednetresidualvalueofavailableforsaleassetstothenetamountofitsfairvalueminusthesellingexpenses(whichshallnotexceedtheoriginalbookvalueoftheassetsavailableforsale).Thedifferencebetweentheoriginalbookvalueandtheadjustedestimatednetresidualvalueshallbeincludedinthecurrentprofitandlossasthelossofassetimpairment,andprovisionsforimpairmentofassetsavailableforsaleshallbemade.Fortheamountofimpairmentlossofdisposalgroupavailableforsalerecognized,thebookvalueofgoodwillofthedisposalgroupshallbeoffsetfirst,andthenthebookvalueofdisposalgroupshallbeoffsetinproportionaccordingtotheshareofthebookvalueofnon-currentassetsinthedisposalgroupmeasuredaccordingtothisStandard.Whenthenetamountoffairvalueofnon-currentassetsavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedafterbeingclassifiedasavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Theimpairmentlossofassetsrecognizedbeforebeingclassifiedasavailableforsaleassetsshallnotbereversed.Whenthenetamountoffairvalueofdisposalgroupavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedasnon-currentassetsinthedisposalgroupmeasuredaccordingtothisStandardafterbeingclassifiedintothecategoriesavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Thebookvalueofgoodwillthathasbeenoffsetandtheimpairmentlossofnon-currentassetsmeasuredaccordingtothisStandardshallnotbereversedbeforetheyare
classifiedasavailableforsaleassets.Thesubsequentreversalamountofassetimpairmentlossrecognizedasdisposalgroupavailableforsaleshallbeincreasedinproportiontotheshareofthebookvalueofnon-currentassetsinthedisposalgroup,exceptgoodwill,whicharemeasuredaccordingtothisStandard.Incasethatanenterpriselosesitscontroloverasubsidiaryduetosaleofitsinvestmentinthesubsidiary,theinvestmentinthesubsidiarytobesoldshallbedividedintotheavailableforsalecategoryinindividualfinancialstatementoftheparentcompanywhentheproposedinvestmentinthesubsidiarymeetstheconditionsforclassificationofavailableforsalecategory,andallassetsandliabilitiesofthesubsidiaryshallbeclassifiedintoavailableforsalecategoryintheconsolidatedfinancialstatements,nomatterwhethertheenterpriseretainspartofequityinvestmentafterthesale.
19.InvestmentsinDebtObligationsNotapplicable.
20.InvestmentsinotherDebtObligationsNotapplicable.
21.Long-termReceivableRefertoNoteV-10.FinancialInstrumentfordetails.
22.Long-termEquityInvestments
(1)JudgmentofJointControlandSignificantInfluencesTheterm"jointcontrol"referstothejointcontroloveranarrangementinaccordancewiththerelatedagreements,whichdoesnotexistunlesstheparticipantssharingthecontrolpoweragreewitheachotherabouttherelatedarrangedactivity.Theterm"significantinfluences"referstothepowertoparticipateinmakingdecisionsonthefinancialandoperatingpoliciesofanenterprise,butnottocontrolordojointcontroltogetherwithotherpartiesovertheformulationofthesepolicies.
(2)RecognitionofInvestmentCost
1)Ifthebusinesscombinationisunderthecommoncontrolandtheacquirerobtainslong-termequityinvestmentintheconsiderationofcash,non-monetaryassetexchange,bearingacquiree’sliabilities,ortheissuanceofequitysecurities,theinitialcostisthecarryingamountoftheproportionoftheacquiree’sowner’sequityattheacquisitiondate.Thedifferencebetweentheinitialcostofthelong-termequityinvestmentandthecarryingamountofthepaidcombinationorthetotalamountoftheissuedsharesshouldbeadjustedtocapitalsurplus.Ifthecapitalsurplusisnotsufficientforadjustment,retainedearningsareadjustedrespectively.Whenalong-termequityinvestmentisformedfromthebusinesscombinationundercommoncontrolthroughtheCompany’smultipletransactionsstepbystep,thetreatmentshallbecarriedoutbasedonwhetherthetransactionsconstitutethe“packagedeal”.Iftheydo,theaccountingtreatmentshallbecarriedoutonthebasisofassumingalltransactionsasonetransactionwiththeacquisitionofcontrol.Iftheydonot,theinitialinvestmentcostshallbetheportionofthecarryingvalueofacquiree’snetassetsentitledintheconsolidatedfinancialstatementsofthefinalcontrolleraftertheconsolidation.Thedifferencebetweentheinitialinvestmentcostofthelong-termequityinvestmentonthecombinationdateandthecarryingvalueoftheinvestmentbeforethecombinationplusthecarryingvalueofthenewly-paidconsiderationfortheacquisitionofthesharesontheconsolidationdateshallbeadjustedtocapitalreserve;ifthecapitalreserveisinsufficientfortheadjustment,retainedearningsshouldbeadjustedaccordingly.
2)Forthoseformedfromthebusinesscombinationunderdifferentcontrol,theinitialinvestmentcostisthefairvalueofthecombinationconsiderationpaidontheacquisitiondate.Whenalong-termequityinvestmentisformedfromthebusinesscombinationunderdifferentcontrolthroughtheCompany’smultipletransactionsstepbystep,theaccountingtreatmentshallbecarriedoutbasedonwhetherthefinancialstatementsareindividualorconsolidated:
①Inindividualfinancialstatements,theinitialinvestmentcostaccountedincostmethodisthesumofthecarryingvalueoftheequityinvestmentoriginallyheldandthecostofnewinvestment.②Inconsolidatefinancialstatements,judgewhetherthetransactionsconstitutethe“packagedeal”.Iftheydo,theaccountingtreatmentshallbecarriedoutonthebasisofassumingalltransactionsasonetransactionwiththeacquisitionofcontrol.Iftheydo
not,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)Impairmenttestmethodandimpairmentprovisionmethod
Whenthereisobjectiveevidenceindicatingimpairmentoftheinvestmentinsubsidiaries,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 | Depreciationmethod | Usefullife(year) | Expectednetsalvagevalue | Annualdeprecation |
| Housesandbuildings | Straight-linedepreciation | 20-25 | 5-10 | 3.6-4.75 |
| Transportation | Straight-linedepreciation | 5 | 5 | 19 |
| Otherequipment | Straight-linedepreciation | 5 | 5 | 19 |
| Machineryequipment | Straight-linedepreciation | 5 | 5 | 19 |
| Decorationoffixedassets | Straight-linedepreciation | 5 | 0 | 20 |
(3)RecognitionBasis,PricingandDepreciationMethodofFixedAssetsbyFinanceLeaseNotapplicable.
25.ConstructioninProgress
1.Noconstructioninprogressmayberecognizedunlessitsimultaneouslymeetstheconditionsasfollows:(1)Theeconomicbenefitsarelikelytoflowintotheenterprise;(2)Thecostofthefixedassetcanbemeasuredreliably.Constructioninprogressshallbemeasuredaccordingtotheoccurredactualcostsbeforetheassetsavailablefortheintendeduse.
2.Whentheconstructioninprogressisavailablefortheintendeduse,itshallbetransferredtofixedassetsaccordingtotheactualcostoftheproject.Forconstructioninprogressavailablefortheintendedusebutnotdealingwithfinalaccountsofcompletedproject,itshallbetransferredtofixedassetsaccordingtotheestimatedvaluefirst,andthenadjustoriginaltemporarilyestimatedvaluebasedontheactualcostsafterthefinalaccountsofcompletedproject,butnotadjustthedepreciationthatwasalready
calculated.
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 | Usefullifeforamortization(years) |
| Userightoflands | Statutorylifeoflanduseright |
| Userightofsoftware | 5 |
Theintangibleassetswithuncertainservicelifeshallnotbeamortized,andtheCompanyrecheckstheservicelifeoftheintangibleassetsineveryaccountingperiod.Forintangibleassetswithuncertainservice,therecognitionbasisiswithoutcertainservicelifeandexpectedbenefitlife.
3.Forintangibleassetswithdefiniteservicelife,whenthereisanyindicationofimpairmentonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount;forintangibleassetswithuncertainservicelifeandthosenotreadyforservice,impairmenttestshallbeconductedeveryyearnomatterwhetherthereisanyindicationofimpairment.
(2)AccountingPoliciesofInternalR&DExpensesNotapplicable.
31.ImpairmentofLong-termAssetsForlong-termassets,suchaslong-termequityinvestment,investmentpropertymeasuredbycostmodel,fixedassets,constructioninprogress,andintangibleassetswithlimitedservicelife,theCompanyshallestimatetherecoverableamountiftherearesignsofimpairmentonbalancesheetdate.Forintangibleassetswithuncertaingoodwillorservicelifeformedbyenterprisecombination,whetherornotthereissignofimpairment,impairmenttestshallbeconductedeveryyear.Goodwillcombinationanditsrelatedassetsgrouporcombinationofassetsgroupshallbeconductedtheimpairmenttest.Iftherecoverableamountoftheabove-mentionedlong-termassetsislowerthanitscarryingvalue,itshallmakethepreparationforassetsimpairmentbasedonitsbalanceandberecordedintocurrentprofitsandlosses.
32.Long-termPrepaidExpensesLong-termdeferredexpensesrefertogeneralexpenseswiththeamortizedperiodoveroneyear(oneyearexcluded)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-measurementofthenetliabilitiesornetassetsoftheplan.Servicecostsandnetinterestsofthenetliabilitiesornetassetsoftheplanshallberecordedintothecurrentprofitsorlossesorrelatedassetcosts,whilechangesfromthere-measurementofthenetliabilitiesornetassetsoftheplanshallberecordedintoothercomprehensiveincomeandshallnotbetransferredbacktoprofitsorlossesinsubsequentaccountingperiods.Buttheamountsrecognizedinothercomprehensiveincomemaybetransferredwithintheequityscope.
(3)AccountingTreatmentofDemissionWelfareWhentheCompanyisunabletounilaterallywithdrawtheplanonthecancellationoflaborrelationshiporthelayoffproposal,orwhenrecognizingthecostsorexpenses(theearlieronebetweenthetwo)relatedtothereorganizationofpayingthedemissionwelfare,shouldrecognizethepayrollliabilitiesfromthedemissionwelfareandincludeinthecurrentgainsandlosses.
(4)AccountingTreatmentofOtherWelfareoftheLong-termEmployeesTheCompanyprovidestheotherlong-termemployeebenefitsfortheemployees,andforthosemetwiththedefinedcontributionplans,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedcontributionplans;thefortheotherslong-termemployeebenefitsexceptfortheformer,accountingtreatmentshouldbeconductedaccordingtotherelatedregulationsofthedefinedbenefitplans.Inordertosimplifytherelatedaccountingtreatment,thepayrollsshallberecognizedasservicecosts,thenetamountofinterestofnetliabilitiesandnetassetsofotherwelfareofthelong-termemployees.Thetotalnetamountsmadeupfromthechangesofmeasuringthenetliabilitiesandnetassetsofotherwelfareofthelong-termemployeesagainshallberecordedintothecurrentprofitsandlossesorrelatedassetscosts.
35.LeaseLiabilitiesOnthestartdateoftheleaseterm,theGroupdeemstheright-of-useassetsandleaseobligations,exceptforthesimplifiedshort-termleaseandlow-valueleases.TheGroupinitiallymeasurestheleaseobligationatthepresentvalueoftheleasepaymentsoutstandingatthecommencementdateoftheleaseterm.Theterm"leasepayments"referstothepaymentsmadebytheGrouptothelessorintermsoftheuseoftheleasedasset(s)withintheleaseterm,including:
(1)fixedleasepaymentsandsubstantialfixedleasepayments(ifaleaseincentiveexists,deducttheamountrelatedtotheleaseincentive);
(2)thevariableleasepaymentsthatdependonindexationorratio,whicharedeterminedaccordingtotheindexationorratioonthecommencementdateoftheleasetermintheinitialmeasurement;
(3)theexercisepriceofthepurchaseoption,whenapplicable,iftheGroupisreasonablycertainthattheoptionwillbeexercised;
(4)paymentsrequiredtobemadeforexercisingtheoptiontoterminatetheleaseiftheleasetermreflectsthattheGroupwillexercisesuchanoption;
(5)estimatedamountpayablebasedontheresidualvalueoftheguaranteeprovidedbytheGroup.Whencalculatingthepresentvalueofleasepayments,theGroupusestheinterestrateimplicitinleaseastherateofdiscount.Iftheinterestrateimplicitinleasecannotbedetermined,theGroup’sincrementallendingrateisusedastherateofdiscount.
36.Provisions
1.Theobligationsuchasexternalguaranty,litigationorarbitration,productqualityassurance,losscontract,pertinenttoacontingenciesshallberecognizedastheprovisionswhenthefollowingconditionsaresatisfiedsimultaneously:①Thatobligationisacurrentobligationoftheenterprise;②Itislikelytocauseanyeconomicbenefittoflowoutoftheenterpriseasaresultofperformanceoftheobligation;and③Theamountoftheobligationcanbemeasuredinareliableway.
2.TheCompanyshallconducttheinitialmeasurementtoprovisionsaccordingtothebestestimatenumberneededforperformingtherelatedcurrentobligationandrecheckthecarryingvalueofaccruedliabilitiesonbalancesheetdate.
37.Share-basedPaymentNotapplicable.
38.OtherFinancialInstrumentssuchasPreferenceSharesandPerpetualBondsNotapplicable.
39.RevenueTheAccountingPolicyAdoptedforRecognitionandMeasurementofRevenue
1.RecognitionofrevenueTheCompanygainsrevenuemainlyfrompropertysales,propertymanagement,salesofsoftwareandpropertyleasing(referto42.Leasingformoredetail).TheCompanyrecognizesrevenuewhenithasfulfilledtheobligationofcontractperformance,namely,whenithasacquiredthecontroloftherelatedcommodity.Theacquisitionofcontroloveracommodityreferstothecapacitytocontroltheuseofthecommodityandtogainalmostalleconomicintereststhereof.
2.TheCompanyjudgeswhetheracontractperformanceobligationis“acontractperformanceobligationfulfilledinatimeperiod”or“acontractperformanceobligationfulfilledatatimepoint”accordingtothetermsinrevenuestandards,andrecognizesrevenueaccordingtothefollowingprinciples.
(1)WhentheCompanymeetsoneofthefollowingconditions,theobligationshouldbeclassifiedasacontractperformanceobligationfulfilledinaspecifictimeperiod:
1)ThecustomergainsandconsumestheeconomicinterestsbroughtbytheCompany’scontractperformancewhentheCompanyperformsthecontract.
2)ThecustomerisabletocontroltheassetsinprogressduringtheCompany’scontractperformance.
3)TheassetsproducedduringtheCompany’scontractperformancehaveirreplaceableuse,andtheCompanyhastherighttocollectpaymentinrespectofitscompletedcontractperformanceaccumulatedasofnowthroughouttheentirecontractperiod.Foracontractperformanceobligationfulfilledinatimeperiod,theCompanyrecognizesrevenueaccordingtotheprogresstowardscontractcompletioninthatperiod,butexcludingthecasewhensuchprogresscannotbereasonablydetermined.TheCompanyusestheoutputorinputmethodtodeterminetherightprogresstowardscontractcompletionbyconsideringthenatureofthecommodity.
4)Foronethatisclassifiedasacontractperformanceobligationfulfilledatatimepointinsteadofinatimeperiod,theCompanyrecognizesrevenuewhenthecustomeracquiresthecontrolovertherelatedcommodity.Injudgingwhetherthecustomerhasacquiredthecontroloveracommodity,theCompanyconsidersthefollowingsigns:
1)TheCompanyisentitledtothecurrentrightofpaymentcollectioninrespectofthecommodity.Inotherwords,thecustomerhasthecurrentobligationtopayforthecommodity.
2)TheCompanyhastransferredthelegalownershipofthecommoditytothecustomer.Inotherwords,thecustomerhasownedthelegalownershipofthecommodity.
3)TheCompanyhastransferredthephysicalcommoditytothecustomer.Inotherwords,thecustomerhastakenphysicalpossessionofthecommodity.
4)TheCompanyhastransferredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.Inotherwords,thecustomerhasacquiredthemajorrisksandremunerationsinrespectoftheownershipofthecommodity.
5)Thecustomerhasacceptedthecommodity.
6)Othersignsindicatingthatthecustomerhasacquiredcontroloverthecommodity.SpecificpoliciesoftheCompanyforrecognizingrevenue:
1)RealEstateSalesContractsTherealizationofsalesrevenueshallberecognizedunderthefollowingconditions:thedevelopedproductshavebeencompletedandaccepted,thesalescontracthasbeensignedandtheobligationsstipulatedinthecontracthavebeenfulfilled,themainrisksandrewardsofownershipofthedevelopedproductshavebeentransferredtothebuyeratthesametime,theCompanyshallnolongerretainthecontinuousmanagementrightsnormallyassociatedwithownershipandeffectivelycontrolthesolddevelopedproducts,therevenueamountcanbemeasuredreliably,therelatedeconomicbenefitsarelikelytoflowin,andtherelatedcoststhathaveoccurredorwilloccurcanbemeasuredreliably.Forthesaleofself-occupiedhousing,therealizationofsalesincomeshallberecognizedunderthefollowingconditions:themainrisksandrewardsofownershipofself-occupiedhousesaretransferredtothebuyer,theCompanywillnolongerretainthecontinuousmanagementrightsnormallyassociatedwithownershipandeffectivelycontrolthesolddevelopmentproducts,theamountofincomecanbemeasuredreliably,relevanteconomicbenefitsarelikelytoflowin,therelevantcoststhathaveoccurredorwilloccurcanbemeasuredreliably.Onlyrecognizingthesalesincomerealizationunderthefollowingconditions:acquiredtherealestatecompletedandacceptedasqualified(thecompletionandacceptancereports),signedanirreversiblesalescontract,obtainedthebuyer'spaymentcertificate(forthosewhochosebankmortgage,thefirstinstallmentandthefullamountofbankmortgagemustberequired;forthosewhodidnotchoosethebankmortgagetomaketheirpayment,thefullhousepaymentmustberequired)issuedthenoticeofrepossession(iftheownerfailstogothroughtheformalitiesintimewithinthespecifiedtimelimitthebuildingshallbedeemedasrepossessed).
2)ProvidingLaborServicesIftheprovisionoflaborservicescanbereliablyestimated(allthefollowingconditionsaremet:
①Theamountofincomecanbemeasuredreliably;②TherelevanteconomicbenefitsarelikelytoinflowtotheCompany;③Theprogressofthetransactioncanbereliablydetermined;④Thecostincurredandtobeincurredinthetransactioncanbemeasuredreliably),itshallrecognizetherevenuefromprovidingservicesemployingthepercentage-of-completionmethod,andconfirmthecompletionoflaborservice
accordingtothecostsincurredasapercentageofthetotalestimatedcosts.IftheCompanycan’t,onthedateofthebalancesheet,reliablyestimatetheoutcomeofatransactionconcerningthelaborservicesitprovides,itshallbehandledunderthefollowingconditions:Ifthecostoflaborservicesincurredisexpectedtobecompensated,therevenuefromtheprovidingoflaborservicesshallberecognizedinaccordancewiththeamountofthecostoflaborservicesincurred,andthecostoflaborservicesshallbecarriedforwardatthesameamount;Ifthecostoflaborservicesincurredisnotexpectedtocompensate,thecostincurredshouldbeincludedinthecurrentprofitsandlosses,andnorevenuefromtheprovidingoflaborservicesmayberecognized.Propertymanagementrevenueshallberecognizedwhenpropertymanagementserviceshavebeenprovided,economicbenefitsrelatedtopropertymanagementservicescanflowintotheenterprise,andcostsrelatedtopropertymanagementcanbereliablymeasured.
3)TransferringtheRighttoUseAssetsTherevenueoftransferringtherighttouseassetsmaynotberecognizedunlessthefollowingconditionsarebothmet:therelevanteconomicbenefitsarelikelytoinflowtotheCompany;andtherevenuecanbereliablymeasured.TheinterestincomeshallberecognizedaccordingtothetimeandactualinterestrateinwhichotherpeopleusetheCompany’smonetaryfunds.Royaltyrevenueshallberecognizedaccordingtothechargeabletimeandmethodstipulatedinrelatedcontractsandagreements.Accordingtotheleasedateandleaseamountagreedintheleasecontractandagreement,therealizationofrentalpropertyincomeshallberecognizedwhenrelevanteconomicbenefitsarelikelytoflowin.
4)Softwaresalesrevenue①RevenuerecognitionandmeasurementmethodsforsalesofcustomsoftwareandindependentsoftwareproductsCustomsoftwarereferstothespecialsoftwaredesignedanddevelopedafterthefullon-siteinvestigationoftheuser'sbusinessaccordingtothesoftwaredevelopmentcontractsignedwiththecustomerbasedontheactualneedsoftheuser,andtheresultingdevelopedsoftwareisnotuniversal.RevenueisrecognizedovertimebasedontheprogressofcompletedperformanceobligationsoverthecontractperiodonlyifthegoodsproducedbytheCompanyinthecourseofperformancehaveanirreplaceableuseandtheCompanyisentitledtoreceivepaymentforthecumulativeportionofperformancecompletedtodatethroughoutthecontractperiod,withtheprogressofcompletedperformanceobligationsdeterminedbytheproportionofthecontractcostsactuallyincurredtocompletetheperformanceobligationstothetotalestimatedcontractcosts.Otherwise,therevenueisrecognizedatacertainpointintime.Forsalescontractsofindependentsoftwareproductssignedwiththecustomer,thecustomerdirectlypurchasesthestandardversionofthesoftware,i.e.,therealestateandfacilitiesmanagementplatform,andthecorrespondingmodulesaredeployedbyimplementationpersonnelaccordingtothecustomer'srequirements.Inthiscase,theperformanceobligationsaretobeperformedatacertainpointintime.TherevenueisrecognizedaftertheCompanydeliverstheproducttothecustomerandthecustomeracceptstheproduct.②RevenuerecognitionandmeasurementmethodsforsystemsintegrationcontractsSystemintegrationincludesthesaleandinstallationofpurchasedmerchandiseandsoftwareproducts.TherevenueisrecognizedwhentheCompanyhastransferredtheprimaryrisksandrewardsoftheownershipofthepurchasedmerchandisetothepurchaser;theCompanyneitherretainedthecontinuedmanagementrightsusuallyassociatedwiththeownership,noreffectivelycontrolledthesoldgoods;theinstallationandcommissioningofthesystemhavebeencompletedandthesystemhasbeenputintotrialoperation,ortheinitialinspectionreportofthepurchaserisobtained;theeconomicbenefitsrelevanttothetransactionarelikelytoflowintotheCompany,therelevantcostscanbereliablymeasured.③RevenuerecognitionandmeasurementmethodsfortechnicalservicerevenueTechnicalservicerevenuemainlyreferstothebusinessofprovidingconsulting,implementationandafter-salesservicesofproductstocustomersasrequiredbycontracts.Ifaserviceperiodisagreeduponinacontract,itisconsideredasaperformanceobligationtobeperformedwithinacertainperiodoftime,andrevenueisrecognizedforservicessettledwiththecustomerinaccordancewiththecontractedserviceperiodduringtheserviceprovisionperiod.
5)OtherBusinessIncome
Accordingtothestipulationsofrelevantcontractsandagreements,whentheeconomicbenefitsrelatedtothetransactioncanflowintotheenterpriseandthecostsrelatedtotheincomecanbereliablymeasured,therealizationofotherbusinessincomeshallbeconfirmed.
3.MeasurementofRevenueTheCompanyshouldmeasurerevenueaccordingtothetransactionpricesapportionedtoeachoftheindividualcontractperformanceobligations.Indeterminingatransactionprice,theCompanyconsiderstheimpactofanumberoffactors,includingvariableconsideration,significantfinancingcomponentsincontracts,non-cashconsideration,andconsiderationpayabletocustomers.
(1)VariableconsiderationTheCompanydeterminesthebestestimateofvariableconsiderationaccordingtotheexpectedvalueortheamountmostlikelytooccur.Butatransactionpricecontainingvariableconsiderationshouldnotexceedtheamountfromtheaccumulatedrecognizedrevenuethatwillprobablynothaveanysignificantreversalwhenrelateduncertaintiesareeliminated.Whenassessingwhetherthesignificantreversalofaccumulatedrecognizedrevenueisalmostimpossibleornot,acompanyshouldconcurrentlyconsiderthepossibilityandweightoftherevenuereversal.
(2)SignificantfinancingcomponentWhenacontractcontainsanyfinancingcomponent,theCompanyshoulddeterminethetransactionpriceaccordingtotheamountpayablethatisassumedtobepaidincashbythecustomerwhenitacquirescontroloverthecommodity.Thedifferencebetweenthetransactionpriceandthecontractconsiderationshouldbeamortizedintheeffectiveinterestmethodduringthecontractperiod.
(3)Non-cashconsiderationWhenacustomerpaysnon-cashconsideration,theCompanyshoulddeterminethetransactionpriceaccordingtothefairvalueofthenon-cashconsideration.Whensuchfairvaluecannotbereasonablyestimated,theCompanywillindirectlydeterminethetransactionpricebyreferencetotheindividualpricecommittedbytheCompanyfortransferringthecommoditytothecustomer.
(4)ConsiderationpayabletoacustomerForconsiderationpayabletoacustomer,theCompanyshoulddeductthetransactionpricefromtheconsiderationpayable,anddeducttherevenueforthecurrentperiodateithertherecognitionofrelatedrevenueorthepayment(orcommittedpayment)oftheconsiderationtothecustomer,whicheverisearlier,butexcludingthecaseinwhichtheconsiderationpayabletothecustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcanbeobviouslydistinguished.IftheCompany’sconsiderationpayabletoacustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcanbeobviouslydistinguished,theCompanyshouldconfirmthecommoditypurchasedinthesamewayasinitsotherpurchases.WhentheCompany’sconsiderationpayabletoacustomerexceedsthefairvalueofthecommoditythatcanbeobviouslydistinguished,theexceededamountshouldbeusedtodeductthetransactionprice.Ifthefairvalueofthecommodityacquiredfromthecustomerthatcanbeobviouslydistinguishedcannotbereasonablyestimated,theCompanyshoulddeductthetransactionpricefromtheconsiderationpayabletothecustomer.DifferencesinaccountingpoliciesfortherecognitionofrevenuecausedbydifferentbusinessmodelsforthesametypeofbusinessNotapplicable.
40.GovernmentGrants
1.Ifthegovernmentsubsidiesmeetwiththefollowingconditionsatthesame,itshouldberecognized:(1)Theentitywillcomplywiththeconditionattachingtothem;(2)Thegrantswillbereceivedfromgovernment.Ifagovernmentsubsidyisamonetaryasset,itshallbemeasuredaccordingtotheamountreceivedorreceivable.Ifagovernmentsubsidyisanon-monetaryasset,itshallbemeasuredatitsfairvalue,andshallbemeasuredatanominalamountwhenthefairvaluecannotbeobtainedreliably.
2.JudgmentbasisandaccountingmethodsofgovernmentsubsidiesrelatedtoassetsThegovernmentsubsidiesthatareacquiredforconstructionorformlong-termassetsinotherwaysaccordingtogovernmentdocumentsshallbedefinedasasset-relatedgovernmentsubsidies.Forthosenotspecifiedingovernmentdocuments,thejudgmentshallbemadebasedonthecompulsoryfundamentalconditionsforacquiringthesubsidies.Ifthesubsidiesareacquiredwith
constructionortheformationoflong-termassetsinotherwaysasfundamentalconditions,theyshallberecognizedasasset-relatedgovernmentsubsidies.Forasset-relatedgovernmentsubsidies,thecarryingvalueofrelatedassetsshallbewrittendownorrecognizedasdeferredincome.Ifasset-relatedgovernmentsubsidiesarerecognizedasdeferredincome,itshallberecordedintoprofitsorlossesbyperiodinareasonableandsystemicmannerwithinthelifeofrelatedassets.Governmentsubsidiesmeasuredatthenominalamountshallbedirectlyrecordedintocurrentprofitsorlosses.Ifrelatedassetsaresold,transferred,disposedofordestroyedbeforetheendoftheirlife,theundistributedbalanceofrelateddeferredincomeshallbetransferredintotheprofitsorlossesfortheperiodoftheassetdisposal.
3.Judgmentbasisandaccountingtreatmentofprofits-relatedgovernmentsubsidiesGovernmentsubsidiesotherthanasset-relatedgovernmentsubsidiesshallbedefinedasprofits-relatedgovernmentsubsidies.Forgovernmentsubsidiesconsistingofbothasset-relatedpartsandprofits-relatedparts,whicharedifficulttojudgewhethertheyarerelatedtoassetsorprofits,theentiretyshallbeclassifiedasprofits-relatedgovernmentsubsidies.Profits-relatedgovernmentsubsidiesthatareusedtocompensatetherelatedfutureexpensesorlossesshallberecognizedasdeferredincomeandshallbeincludedintothecurrentprofit/lossesduringtheperiodwhentherelevantexpensesorlossesarerecognized;thosesubsidiesusedtocompensatetherelatedexpensesorlossesincurredshallbedirectlyincludedintothecurrentprofits/losses.
4.GovernmentsubsidiesrelatedtotheCompany’sroutineoperatingactivitiesshallbeincludedintootherincomeorwritedownrelatedcostsaccordingtotheeconomicbusinessnature.GovernmentsubsidiesnotrelatedtotheCompany’sroutineactivitiesshallbeincludedintonon-operatingincomeandexpenditure.
41.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
1.Inaccordancewiththebalance(theitemnotrecognizedasassetsandliabilitiescanconfirmtheirtaxbasesaccordingtothetaxlaw,thebalancebetweenthetaxbasesanditscarryingamount)betweenthecarryingamountofassetsorliabilitiesandtheirtaxbases,deferredtaxassetsanddeferredtaxliabilitiesshouldberecognizedatthetaxratesthatareexpectedtoapplytotheperiodwhentheassetisrealizedortheliabilityissettled.
2.Adeferredtaxassetshallberecognizedwithinthelimitoftaxableincomethatislikelytobeobtainedtooffsetthedeductibletemporarydifferences.Atthebalancesheetdate,wherethereisstrongevidenceshowingthatsufficienttaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencecanbeutilized,thedeferredtaxassetunrecognizedinpriorperiodshallberecognized.
3.TheCompanyassessesthecarryingamountofdeferredtaxassetatthebalancesheetdate.Ifit’sprobablethatsufficienttaxableprofitwillnotbeavailableagainstwhichthedeductibletemporarydifferencecanbeutilized,theCompanyshallwritedownthecarryingamountofdeferredtaxasset,orreversetheamountwrittendownlaterwhenit’sprobablethatsufficienttaxableprofitwillbeavailable.
4.ThecurrentincometaxanddeferredincometaxoftheCompanyarerecordedintothecurrentgainsandlossesasincometaxexpensesorrevenue,exceptinthefollowingcircumstances:(1)Businesscombination;(2)Thetransactionoreventdirectlyincludedinowner’equity.
42.Lease
(1)AccountingTreatmentofOperatingLease
1.LesseeTheGroupshall,whenasthelessee,onthecommencementdateoftheleaseterm,recognizetheright-of-useassetsandleaseobligationsforthelease,unlessitisasimplifiedshort-termleaseorlow-valueassetlease.Afterthecommencementdateoftheleaseterm,theGroupusesthecostmodelforsubsequentmeasurementofright-of-useassets.TheGroupdepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsfor
BusinessEnterprisesNo.4-FixedAssets.Ifthelesseecanreasonablyascertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleaseholdpropertyoveritsremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheGroupwilldeterminetheimpairmentoftheright-of-useassetsandconductaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.TheGroupcalculatestheinterestexpensesoftheleaseobligationsduringeachperiodoftheleasetermatafixedperiodicinterestrate,andincludestheminprofitorlossforthecurrentperiod.WheretheAccountingStandardsforBusinessEnterprisesNo.17-BorrowingCostsandotherstandardsprovidethatsuchinterestexpensesshallbeincludedinthecostofrelatedassets,suchprovisionsshallbeobserved.TheGroupdoesnotrecognizetheright-of-useassetsandleaseliabilitiesforshort-termleasesandlow-valueassetleases.Ineachperiodwithintheleaseterm,therelevantleasepaymentsforshort-termleasesandlow-valueassetleasesareincludedincostoftherelatedassetsorprofitorlossforthecurrentperiodonastraight-linebasis.
2.LessorInthecaseoftheGroupisthelessor,itrecognizesthereceiptsoftheoperatingleaseincurredduringeachperiodoftheleasetermasrentalsbythestraight-linemethod.TheGroupcapitalizestheinitialdirectcostsrelatedtotheoperatingleaseuponincurrencethereofand,withintheleaseterm,apportionsandincludessuchcostsinthecurrentprofitorlossonthebasissameastherecognitionofrentals.Forthefixedassetsintheassetsunderoperatinglease,theGroupshalladoptthedepreciationpolicyofsimilarassetstocalculateanddistilldepreciation.Forotherassetsunderoperatinglease,theGroupshallamortizetheminasystematicandreasonablemannerinaccordancewiththeaccountingstandardsforenterprisesapplicabletotheassets.TheGroupwilldeterminetheimpairmentofassetsunderoperatingleaseandconductaccountingtreatmentinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.
(2)AccountingTreatmentsofFinancialLeaseTheGroupshall,whenasthelessor,onthecommencementdateoftheleaseterm,recognizethefinanceleasereceivablesforthefinanceleaseandderecognizetheleasedasset(s)ofthefinancelease.TheGroupshallalsocalculateandconfirmtheinterestincomeatafixedperiodicinterestrateineachperiodintheleaseterm.
43.OtherImportantAccountingPoliciesandAccountingEstimations
1.ConfirmationstandardandaccountinghandlingmethodforoperationterminationComponentswhichmeetoneofthefollowingconditions,havebeendisposedordividedasheldforsalecategoryandcanbedistinguishedseparatelyareconfirmedasoperationtermination.
1)Thecomponentrepresentsoneimportantindependentmainbusinessoronesinglemainoperationarea.
2)Thecomponentisonepartofarelatedplanwhichplanstodisposeoneindependentmainbusinessoronesinglemainoperationarea.
3)Thecomponentisasubsidiarywhichisobtainedforresalespecially.
44.ChangesinMainAccountingPoliciesandEstimates
(1)ChangeofAccountingPolicies
□Applicable?Notapplicable
(2)ChangesinAccountingEstimates
□Applicable?Notapplicable
45.Other
IntheNoteofthefinancialstatements,thedataoftheperiod-beginningreferstothefinancialstatementdataon1January2022;thedataoftheperiod-endreferstothefinancialstatementdataon31December2022;theReportingPeriodreferstothe2022;thesameperiodoflastyearreferstothe2021.ThesametotheCompanyastheparent.VITaxes
1.MainTaxesandTaxRates
| Categoryoftaxes | Taxbasis | Taxrate |
| VAT | Salesofgoodsorprovisionoftaxableservices | Note1 |
| Urbanmaintenanceandconstructiontax | Turnovertaxpayable | Appliedto7%,5%,1%separatelyaccordingtotheregionallevel |
| Enterpriseincometax | Taxableincome | 25%、20%、15%、16.5% |
| VATofland | Addedvaluegeneratedfrompaidtransferoftheuserightofstate-ownedlandsandpropertyrightofabove-groundbuildingsandotherattachments | 30%-60% |
| Realestatetax | Leviedaccordingtoprice:paidaccordingto1.2%oftheresidualvalueoftherealestate’soriginalvalueafterdeducted30%atonce;leviedaccordingtolease:paidaccordingto12%oftherentalincome | 1.2%、12% |
| Educationsurcharge | Turnovertaxpayable | 3% |
| Localeducationsurcharge | Turnovertaxpayable | 2% |
Notesofthedisclosuresituationofthetaxpayingbodieswithdifferententerprisesincometaxrate
| Name | Incometaxrate |
| ChongqingShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | 15% |
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.ChongqingBranch | 15% |
| ShenzhenFacilityManagementCommunityCo.,Ltd | 15% |
| ShenzhenGuomaoCateringCo.,Ltd. | 20% |
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | 20% |
| ShenzhenJulianHumanResourcesDevelopmentCo.,Ltd. | 20% |
| ShenzhenHuazhengpengPropertyManagementDevelopmentCo.,Ltd. | 20% |
| ShenzhenJinhailianPropertyManagementCo.,Ltd. | 20% |
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | 20% |
| ShenzhenKangpingIndustryCo.,Ltd. | 20% |
| ShenzhenTeacherFamilyTrainingCo.,Ltd. | 20% |
| ShenzhenEducationIndustryCo.,Ltd. | 20% |
| ShenzhenYufaIndustryCo.,Ltd. | 20% |
| ChongqingAoboElevatorCo.,Ltd. | 20% |
| ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd. | 20% |
| ShenzhenSZPRDFuyuantaiDevelopmentCo.,Ltd. | 20% |
| ShenzhenSocialWelfareGeneralCompany | 20% |
| ShenzhenFuyuanminPropertyManagementCo.,Ltd. | 20% |
| ShenzhenMeilongIndustrialDevelopmentCo.,Ltd. | 20% |
| ShenzhenSportsServiceCo.,Ltd. | 20% |
| ShenzhenPenghongyuanIndustrialDevelopmentCo.,Ltd. | 20% |
| ShenzhenTianqueElevatorTechnologyCo.,Ltd. | 20% |
| ShenzhenGuoguanElectromechanicalDeviceCo.,Ltd. | 20% |
| ShenzhenShenshanSpecialCooperationZoneGuomaoPropertyDevelopmentCo.,Ltd. | 20% |
| ShenzhenHelinhuaConstructionManagementCo.,Ltd. | 20% |
| ShenzhenGuomaoTonglePropertyManagementCo.,Ltd. | 20% |
| ShenzhenInternationalTradeIndustrySpaceServiceCo.,Ltd. | 20% |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | 20% |
| ShenzhenFubaoUrbanResourcesManagementCo.,Ltd. | 20% |
| ShenzhenShenwuElevatorCo.,Ltd. | 20% |
| ShenzhenShenfangPropertyCleaningCo.,Ltd. | 20% |
| ShandongInternationalTradeCenterHotelManagementCo.,Ltd. | 20% |
| BeijingFacilityHomeTechnologyCo.,Ltd. | 20% |
| SubsidiariesregisteredinHongKongarea | 16.50% |
| SubsidiariesregisteredinVietnamarea | 20% |
| Othertaxpayingbodieswithintheconsolidatedscope | 25% |
2.TaxPreferenceAccordingtotheregulationsofNo.2,PropertyServiceofNo.37,CommercialServiceamongtheencouragingcategoryoftheGuidanceCatalogueofIndustryStructureAdjustment(Y2011),thewesternindustrymetwiththeconditionsshouldbecollectedthecorporateincometaxaccordingto15%ofthetaxrate.ThesubsidiariesoftheGroupChongqingShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.andShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.ChongqingBranchappliedtoabovepolicy.On19December2022,ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.successfullypassedthere-evaluationforitsHigh-techEnterpriseCertificate.ThecompanyhasbeenassignedcertificatenumberGR202244204675,andthecertificateisvalidforthreeyears.Asperthetaxlawsandregulations,thecompanywillbeeligibleforapreferentialenterpriseincometaxrateof15%fortheyear2022.
Asperthe"AnnouncementontheImplementationofTaxPreferentialPoliciesforSmallandMicroEnterprisesandIndividualIndustrialandCommercialTaxpayers"(AnnouncementNo.12of2021oftheMinistryofFinanceandtheStateTaxationAdministration)andthe"AnnouncementoftheStateTaxationAdministrationonMattersRelatedtoImplementingthePreferentialIncomeTaxPolicytoSupporttheDevelopmentofSmallandMicroEnterprisesandIndividualIndustrialandCommercialTaxpayers"(AnnouncementNo.8of2021oftheStateTaxationAdministration),forsmallandmicro-profitenterprises,iftheirannualtaxableincomedoesnotexceedRMB1millionfrom1January2021to31December2022,thetaxableincomewillbereducedby12.5%,andtheenterpriseincometaxratewillbe20%.Furthermore,asperthe"AnnouncementonFurtherImplementingthePreferentialIncomeTaxPolicyforSmallandMicroEnterprises"(AnnouncementNo.13of2022oftheMinistryofFinanceandtheStateTaxationAdministration),forsmallandmicro-profitenterprises,iftheirannualtaxableincomeexceedsRMB1millionbutdoesnotexceedRMB3millionfrom1January2022to31December2024,thetaxableincomewillbereducedby25%,andtheenterpriseincometaxratewillbe20%.Thispolicyappliesto30subsidiaries,includingShenzhenGuomaoCateringCo.,Ltd.(GuomaoCatering)andShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.
3.Other[Note1]:TaxableitemsandtaxrateoftheVAToftheCompanyanditssubsidiariesareasfollows:
| Typeoftherevenue | Generalrate | Percentagechargesof |
| Salesofhouseproperty | 9% | 5% |
| Rentofrealestate | 9% | 5% |
| Propertyservice | 6% | 3% |
| Cateringservice | 6% | 3% |
| Others | 13% | -- |
VII.NotestoMainItemsofConsolidatedFinancialStatements
1.MonetaryAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Cashonhand | 43,833.00 | 122,823.16 |
| Bankdeposits | 1,512,202,363.19 | 1,906,868,484.28 |
| Othermonetaryfunds | 5,282,697.64 | 373,830,134.67 |
| Total | 1,517,528,893.83 | 2,280,821,442.11 |
| Ofwhich:totalamountdepositedoverseas | 66,436,595.66 | 64,351,098.39 |
| Totalamountofrestrictioninusebyguaranteed,pledgedorfrozen | 7,835,036.35 | 373,079,206.86 |
Othernotes:
Amongothermonetaryassets,thefundswithlimiteduserightsmainlyincludethemarginandinterestofRMB1,780,754.70;thefundswithlimiteduserightsinbankdepositsmainlyincludethebankfrozenfundsofRMB42,781.65andtheinterestontimedepositsofRMB2,860,000.00,plusthebalanceofthebankmarginaccountofRMB3,151,500.00.Theaboveamountisnotregardedascashandcashequivalentsduetorestrictionsonuse.
2.TradingFinancialAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ofwhich: | ||
| Ofwhich: |
Othernotes:
3.DerivativeFinancialAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
4.NotesReceivable
(1)NotesReceivableListedbyCategory
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Bankacceptancebill | 200,000.00 | |
| Total | 200,000.00 |
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Notesreceivableforwhichbaddebtprovisionseparatelyaccrued | 200,000.00 | 100.00% | 200,000.00 | |||||||
| Ofwhich: | ||||||||||
| Ofwhich: | ||||||||||
| Total | 200,000.00 | 100.00% | 200,000.00 | |||||||
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofnotesreceivable.
□Applicable?Notapplicable
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
□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)NotesReceivablewithActualVerificationfortheCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhich,verificationofsignificantnotesreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notesoftheverificationofnotesreceivable
5.AccountsReceivable
(1)ListedbyCategory
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Accountsreceivablewithdrawalofbaddebtprovisionseparatelyaccrued | 111,808,371.14 | 20.01% | 109,689,294.54 | 98.10% | 2,119,076.60 | 109,683,529.63 | 25.93% | 108,118,031.66 | 98.57% | 1,565,497.97 |
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionofbygroup | 447,078,385.18 | 79.99% | 29,263,546.48 | 6.55% | 417,814,838.70 | 313,253,344.07 | 74.07% | 20,833,702.11 | 6.65% | 292,419,641.96 |
| Ofwhich: | ||||||||||
| Total | 558,886,756.32 | 100.00% | 138,952,841.02 | 24.86% | 419,933,915.30 | 422,936,873.70 | 100.00% | 128,951,733.77 | 30.49% | 293,985,139.93 |
Baddebtprovisionseparatelyaccrued:RMB109,689,294.54
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinlawsuitandunrecoverable |
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2,836,561.00 | 100.00% | Expectedtobeunrecoverable |
| LunanIndustryCorporation | 2,818,284.84 | 2,818,284.84 | 100.00% | Expectedtobeunrecoverable |
| ShenzhenHampooScience&TechnologyCo.,Ltd. | 1,436,020.29 | 1,433,070.29 | 99.79% | Expectedtobeunrecoverable |
| Thosewithinsignificantsingleamountforwhichbaddebtprovisionseparatelyaccrued | 10,906,176.96 | 8,790,050.36 | 80.60% | Uncollectibleforalongperiod |
| Total | 111,808,371.14 | 109,689,294.54 | ||
Baddebtprovisionaccruedbyitem:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
Baddebtprovisionaccruedbyitem:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
Baddebtprovisionaccruedbyitem:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
Baddebtprovisionaccruedbyitem:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
Withdrawalofbaddebtprovisionbygroup:RMB29,263,546.48
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 211,445,244.12 | 21,569,742.26 | 10.20% |
| Portfoliooftransactionswithotherrelatedparties | 235,633,141.06 | 7,693,804.22 | 3.27% |
| Total | 447,078,385.18 | 29,263,546.48 | |
Notestothedeterminationbasisforthegroup:
Baddebtprovisionaccruedbyportfolio:
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
Notestothedeterminationbasisforthegroup:
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable.
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingamount |
| Within1year(including1year) | 394,914,334.75 |
| 1to2years | 31,016,372.76 |
| 2to3years | 12,333,910.99 |
| Over3years | 120,622,137.82 |
| 3to4years | 6,141,296.85 |
| 4to5years | 4,392,591.92 |
| Over5years | 110,088,249.05 |
| Total | 558,886,756.32 |
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Baddebtprovisionaccruedbyitem | 108,118,031.66 | 1,571,262.88 | 109,689,294.54 | |||
| Withdrawalofbaddebtprovisionbygroup | 20,833,702.11 | 8,440,902.17 | 11,057.80 | 29,263,546.48 | ||
| Total | 128,951,733.77 | 10,012,165.05 | 11,057.80 | 138,952,841.02 | ||
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Wayofrecovery |
(3)AccountsReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantaccountsreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverificationofaccountsreceivable:
(4)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtoArrearsParty
Unit:RMB
| Nameoftheentity | Endingbalance | Proportiontototalendingbalanceofaccountsreceivable | Endingbalanceofbaddebtprovision |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 131,203,332.93 | 23.48% | 3,936,099.99 |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 16.79% | 93,811,328.05 |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | 51,312,666.65 | 9.18% | 1,539,380.00 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 15,856,697.13 | 2.84% | 475,700.91 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | 10,072,563.13 | 1.80% | 674,112.86 |
| Total | 302,256,587.89 | 54.09% |
(5)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivableOthernotes:
(6)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
6.AccountsReceivableFinancing
Unit:RMB
| Item | Endingbalance | Beginningbalance |
ThechangesofaccountsreceivablefinancingintheCurrentPeriodandthechangesinfairvalue
□Applicable?NotapplicablePleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivablefinancing.
□Applicable?NotapplicableOthernotes:
7.Prepayment
(1)PrepaymentListedbyAgingAnalysis
Unit:RMB
| Aging | Endingbalance | Beginningbalance |
| Amount | Proportion | Amount | Proportion | |
| Within1year | 98,477,532.46 | 98.14% | 24,618,321.77 | 34.68% |
| 1to2years | 1,652,279.14 | 1.65% | 25,907,661.19 | 36.50% |
| 2to3years | 1,438.19 | 0.00% | 499,638.55 | 0.70% |
| Over3years | 210,556.77 | 0.21% | 19,953,402.48 | 28.11% |
| Total | 100,341,806.56 | 70,979,023.99 |
Notesofthereasonsoftheprepaymentagingover1yearwithsignificantamountbutfailedsettledintime:
(2)Top5PrepaymentinEndingBalanceCollectedaccordingtothePrepaymentTarget
| Nameoftheentity | Carryingamount | As%ofthetotalendingbalanceoftheprepayments(%) |
| NaturalResourcesandPlanningBureauofYangzhouCity | 53,587,710.00 | 53.41 |
| TheYangzhouMunicipalBureauofFinance | 36,000,000.00 | 35.88 |
| BeijingJingdongCenturyInformationTechnologyCo.,Ltd. | 1,887,916.50 | 1.88 |
| ChongqingYudiAssetsManagementCo.,Ltd. | 1,869,630.00 | 1.86 |
| ChinaStateConstruction&Engineering4thBureau5thCorpLimited | 818,177.48 | 0.82 |
| Total | 94,163,433.98 | 93.84 |
Othernotes:
8.OtherReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Otherreceivables | 639,903,523.33 | 926,361,533.14 |
| Total | 639,903,523.33 | 926,361,533.14 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
2)SignificantOverdueInterest
Unit:RMB
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)WithdrawalofBadDebtProvision
□Applicable?Notapplicable
(2)DividendReceivable
1)CategoryofDividendReceivable
Unit:RMB
| Project(orinvestee) | Endingbalance | Beginningbalance |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Project(orinvestee) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentanditsjudgmentbasis |
3)WithdrawalofBadDebtProvision
□Applicable?NotapplicableOthernotes:
(3)OtherReceivables
1)CategoryofOtherReceivablesbyAccountNature
Unit:RMB
| Nature | Endingcarryingamount | Beginningcarryingamount |
| Securitydeposit | 14,333,480.59 | 15,080,675.80 |
| Margin | 33,052,554.40 | 44,541,666.67 |
| Reservefund | 315,131.82 | 414,042.10 |
| Paymentonbehalf | 7,861,406.33 | 9,613,270.01 |
| Intercoursefunds | 645,712,452.33 | 823,874,343.35 |
| Centralizedmanagementreceivables | 88,988,669.52 | |
| Others | 26,868,828.99 | 24,696,812.94 |
| Total | 728,143,854.46 | 1,007,209,480.39 |
2)WithdrawalofBadDebtProvision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January,2022, | 51,328,567.96 | 29,519,379.29 | 80,847,947.25 | |
| Balanceof1January2022inthecurrentperiod | ||||
| Withdrawalofthecurrentperiod | 7,117,248.24 | 275,135.64 | 7,392,383.88 | |
| Balanceasat31December2022 | 58,445,816.20 | 29,794,514.93 | 88,240,331.13 |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingamount |
| Within1year(including1year) | 45,898,989.35 |
| 1to2years | 582,305,977.29 |
| 2to3years | 32,848,373.42 |
| Over3years | 67,090,514.40 |
| 3to4years | 1,460,635.19 |
| 4to5years | 1,563,169.64 |
| Over5years | 64,066,709.57 |
| Total | 728,143,854.46 |
3)BadDebtProvisionWithdrawn,ReversedorRecoveredintheCurrentPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Baddebtprovisionaccruedbyitem | 46,215,164.01 | 876,420.17 | 47,091,584.18 | |||
| Withdrawalofbaddebtprovisionbygroup | 34,632,783.24 | 6,515,963.71 | 41,148,746.95 | |||
| Total | 80,847,947.25 | 7,392,383.88 | 88,240,331.13 | |||
Ofwhichthebaddebtprovisionrecoveredortransferred-backwithsignificantamountduringthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Wayofrecovery |
4)ParticularsoftheActualVerificationofOtherReceivablesduringtheCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantotherreceivables:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationofotherreceivables:
5)Top5oftheEndingBalanceofOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameoftheentity | Nature | Endingbalance | Aging | Proportiontototalendingbalanceofother | Endingbalanceofbaddebtprovision |
| receivables% | |||||
| ShenzhenXinhaiHoldingCo.,Ltd.andtherelatedpartyShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | Intercoursefunds | 576,568,974.73 | Within1year,onetofiveyears | 79.17% | 17,297,069.25 |
| ShenzhenBanglingStockCooperativeCompany | Intercoursefunds | 30,000,000.00 | Twotothreeyears | 4.12% | 9,000,000.00 |
| YangzhouHanjiangTaxationBureau | Intercoursefunds | 13,136,828.79 | Within1year | 1.80% | 394,104.86 |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | Intercoursefunds | 10,720,575.27 | Within1year,onetotwoyears | 1.47% | 321,617.26 |
| Total | 630,426,378.79 | 86.56% | 27,012,791.37 |
6)AccountsReceivableInvolvingGovernmentSubsidies
Unit:RMB
| Nameoftheentity | Projectofgovernmentsubsidies | Endingbalance | Endingaging | Estimatedrecoveringtime,amountandbasis |
7)DerecognitionofOtherReceivablesduetotheTransferofFinancialAssets
8)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivablesOthernotes:
9.InventoriesWhethertheCompanyneedstocomplywiththedisclosurerequirementsfortherealestateindustryYes
(1)CategoryofInventory
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Classificationbynature:
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Depreciationreservesofinventoriesorimpairmentprovisionforcontract | Carryingvalue | Carryingamount | Depreciationreservesofinventoriesorimpairmentprovisionforcontract | Carryingvalue | |
| performancecosts | performancecosts | |||||
| R&Dexpenses | 10,778,950,699.23 | 6,648,404.13 | 10,772,302,295.10 | 8,720,133,125.46 | 6,648,404.13 | 8,713,484,721.33 |
| Developingproperties | 199,674,693.59 | 199,674,693.59 | 409,687,436.41 | 409,687,436.41 | ||
| Contractperformancecosts | 1,965,933.85 | 1,965,933.85 | ||||
| Rawmaterials | 1,891,354.81 | 1,040,612.30 | 850,742.51 | 2,082,008.73 | 752,182.07 | 1,329,826.66 |
| Inventorygoods | 2,536,973.19 | 2,094,300.39 | 442,672.80 | 2,600,344.84 | 2,094,300.39 | 506,044.45 |
| Low-valueconsumables | 97,885.52 | 97,885.52 | 126,033.42 | 126,033.42 | ||
| Total | 10,985,117,540.19 | 9,783,316.82 | 10,975,334,223.37 | 9,134,628,948.86 | 9,494,886.59 | 9,125,134,062.27 |
Disclosemainitemsof“R&Dexpenses”andinterestcapitalizationinthefollowingformat:
Unit:RMB
| Projectname | Timeforcommencement | Estimateddateofcompletion | Estimatedtotalinvestment | Beginningbalance | Transferredtodevelopingpropertiesforthecurrentperiod | Otherdecreasedamountforthecurrentperiod | Increase(R&Dexpenses)forthecurrentperiod | Endingbalance | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsforthecurrentperiod | Capitalresources |
| GuanlanBanglingproject | 7January2021 | 10September2029 | 6,941,500,000.00 | 3,805,312,202.35 | 880,889,950.18 | 4,686,202,152.53 | 238,303,509.98 | 123,432,826.55 | Bankloans | ||
| SZPRD-BanshanYujingPhaseII | 15March2019 | 12January2022 | 247,000,000.00 | 196,197,525.93 | 216,122,609.92 | 19,925,083.99 | Others | ||||
| SZPRD-FuchangGardenPhaseII(FuhuiHuayuan) | 27December2018 | 30June2023 | 911,330,000.00 | 677,368,072.10 | 69,919,499.84 | 747,287,571.94 | Others | ||||
| HumencoastalHarborproject | 22March2022 | 30April2024 | 3,211.739,300.00 | 2,133,826,142.11 | 227,741,768.82 | 2,361,567,910.93 | Others | ||||
| GuangmingYutangShangfuProject | 7March2022 | 21October2024 | 2,588,185,600.00 | 1,621,000,000.00 | 171,278,782.42 | 1,792,278,782.42 | Others | ||||
| YupinluanshanGarden(A117-12landcommercialandresidentialconstructionproject) | 232,030,746.62 | 4,402,759.02 | 236,433,505.64 | Others | |||||||
| HaikouHongqiTownLand | 6,648,404.13 | 6,648,404.13 | Others | ||||||||
| ShenhuiGarden | 37,002,030.89 | 254,017.27 | 37,256,048.16 | Others | |||||||
| FuyuantaiProject | 9,127,089.11 | 3,627,248.54 | 12,754,337.65 | Others |
| ProjectofSlenderWestLakeecologicalhealthvalleyinYangzhou | 6March2023 | 31August2026 | 3,774,790,000.00 | 863,966,304.45 | 863,966,304.45 | Others | |||||
| Others | 1,620,912.22 | 32,934,769.16 | 34,555,681.38 | Others | |||||||
| Total | -- | -- | 14,328,176,400.00 | 8,720,133,125.46 | 216,122,609.92 | 0.00 | 2,274,940,183.69 | 10,778,950,699.23 | 238,303,509.98 | 123,432,826.55 | -- |
Disclosemainitemsof“Developingproperties”inthefollowingformat:
Unit:RMB
| Projectname | Timeofcompletion | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsforthecurrentperiod |
| SZPRD-LangqiaoInternational | 1December2012 | 3,447,316.75 | 3,447,316.75 | 83,077,702.96 | |||
| SZPRD-HupanYujingPhaseI | 1June2015 | 57,356,637.66 | 541,547.38 | 56,815,090.28 | |||
| SZPRD-BanshanYujingPhaseII | 12January2022 | 221,291,899.45 | 217,684,502.39 | 3,607,397.06 | 10,446,911.43 | ||
| SZPRD-SonghuLangyuan | 1July2017 | 24,505,635.91 | 305,308.44 | 24,200,327.47 | 27,205,315.95 | ||
| SZPRD-HupanYujingPhaseII | 1November2017 | 45,306,202.60 | 14,788,389.37 | 30,517,813.23 | 30,539,392.65 | ||
| SZPRD-GoldenCollar’sResort | 1December2019 | 270,245,459.13 | 1,569,890.15 | 199,554,784.84 | 72,260,564.44 | ||
| InternationalTradeCenterPlaza | 1December1995 | 4,839,083.10 | 4,839,083.10 | 26,385,636.29 | |||
| HuangyuyuanAArea | 1June2001 | 790,140.58 | 790,140.58 | ||||
| PodiumBuildingofFuchangBuilding | 1November1999 | 645,532.65 | 645,532.65 | ||||
| Otheritems | 2,551,428.03 | 2,551,428.03 | |||||
| Total | -- | 409,687,436.41 | 222,861,789.60 | 432,874,532.42 | 199,674,693.59 | 177,654,959.28 |
Classificationof“Developingpropertieswiththecollectionofpaymentsininstallments”,“Rentingdevelopingproperties”and“TemporaryHousing”:
Unit:RMB
| Projectname | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
(2)FallingPriceReservesofInventoryandImpairmentReservesforContractPerformanceCosts
Disclosureoffallingprovisionwithdrawalofinventoryinthefollowingformat:
Classificationbynature:
Unit:RMB
| Item | Beginningbalance | Increasedamountofthecurrentperiod | Decreasedamountforthecurrentperiod | Endingbalance | Notes | ||
| Withdrawal | Others | Transferred-backorcharged-off | Others | ||||
| R&Dexpenses | 6,648,404.13 | 6,648,404.13 | |||||
| Rawmaterials | 752,182.07 | 528,430.23 | 240,000.00 | 1,040,612.30 | |||
| Inventorygoods | 2,094,300.39 | 2,094,300.39 | |||||
| Total | 9,494,886.59 | 528,430.23 | 240,000.00 | 9,783,316.82 | |||
Classificationbynature:
Unit:RMB
| Projectname | Beginningbalance | Increasedamountofthecurrentperiod | Decreasedamountforthecurrentperiod | Endingbalance | Notes | ||
| Withdrawal | Others | Transferred-backorcharged-off | Others | ||||
| HaikouHongqiTownLand | 6,648,404.13 | 6,648,404.13 | |||||
| Total | 6,648,404.13 | 6,648,404.13 | |||||
(3)NotestotheEndingBalanceofInventoriesIncludingCapitalizedBorrowingExpense
| Projectname | Period-begin | Currentperiod | Carry-overincurrentperiod | Period-end |
| SZPRD-GoldenCollar’sResort | 1,115,856.40 | 774,175.34 | 341,681.06 | |
| GuanlanBanglingProject | 114,870,683.43 | 123,432,826.55 | 238,303,509.98 | |
| SZPRD-LangqiaoInternational | 2,971,986.54 | 2,971,986.54 | ||
| SZPRD-HupanYujingPhaseI | 1,292,469.40 | 42,953.98 | 1,249,515.42 | |
| Total | 120,250,995.77 | 123,432,826.55 | 817,129.32 | 242,866,693.00 |
(4)InventoryRestrictions
Disclosingrestrictedinventorybyproject:
Unit:RMB
| Projectname | Beginningbalance | Endingbalance | Reasonforrestriction |
10.ContractAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
| Municipalengineeringretentionmoney | 1,094,632.90 | 1,094,632.90 | ||||
| Total | 1,094,632.90 | 1,094,632.90 |
AmountofsignificantchangesincarryingvalueofcontractassetsintheCurrentPeriodandreasonsthereof:
Unit:RMB
| Item | Changeinamount | Reason(s) |
Ifthebaddebtprovisionforcontractassetsinaccordancewiththegeneralmodelofexpectedcreditlosses,theinformationrelatedtothebaddebtprovisionshallbedisclosedbyreferencetothedisclosuremethodofotherreceivables:
□Applicable?NotapplicableWithdrawalofimpairmentprovisionforcontractassetsintheCurrentPeriod:
Unit:RMB
| Item | Withdrawalofthecurrentperiod | Amounttransferred-backforthecurrentperiod | Write-off/verifiedforthecurrentperiod | Reason |
Othernotes:
11.Held-for-saleAssets
Unit:RMB
| Item | Endingcarryingamount | Impairmentprovision | Endingcarryingamount | Fairvalue | Estimateddisposalexpense | Estimateddisposaltime |
Othernotes:
12.CurrentPortionofNon-currentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Significantinvestmentsindebtobligations/otherinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Othernotes:
13.OtherCurrentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| PrepaidVAT | 16,846,758.27 | 13,510,039.34 |
| Deductedinputtax | 28,950,002.85 | 11,848,968.49 |
| Prepaidincometax | 1,436,395.15 | 85,107.14 |
| PrepaidlandVAT | 16,438,505.72 | 30,741,415.30 |
| Prepaidurbanconstructiontax | 1,156,118.20 | 1,423,246.18 |
| Prepaideducationsurcharge | 825,798.74 | 1,029,901.67 |
| ImmediaterebateofreceivablesoftwaresalesVAT | 1,687.34 | 358,306.69 |
| Total | 65,655,266.27 | 58,996,984.81 |
Othernotes:
14.InvestmentsinDebtObligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
Significantinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Statusofaccrueddepreciationreserves
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2022inthecurrentperiod |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?NotapplicableOthernotes:
15.OtherInvestmentsinDebtObligations
Unit:RMB
| Item | Beginningbalance | Accruedinterest | Changeinfairvalueinthereportingperiod | Endingbalance | Cost | Accumulatedchangesinfairvalue | Accumulatedprovisionforlossesrecognizedinothercomprehensiveincome | Notes |
Significantotherinvestmentsindebtobligations
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||||
| Parvalue | Couponrate | Actualinterestrate | Maturitydate | Parvalue | Couponrate | Actualinterestrate | Maturitydate | |
Statusofaccrueddepreciationreserves
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2022inthecurrentperiod |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?NotapplicableOthernotes:
16.Long-termReceivables
(1)ListofLong-termReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance | Intervalofdiscountrate | ||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | ||
| Financingleaseaccounts | 22,651,454.07 | 22,651,454.07 | 23,831,889.11 | 23,831,889.11 | |||
| Ofwhich:unrealizedfinancingincome | 13,169,492.65 | 13,169,492.65 | 16,430,753.09 | 16,430,753.09 | |||
| Total | 22,651,454.07 | 22,651,454.07 | 23,831,889.11 | 23,831,889.11 | |||
Impairmentofbaddebtprovision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2022inthecurrentperiod |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?Notapplicable
(2)DerecognitionofLong-termReceivablesduetotheTransferofFinancialAssets
(3)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofLong-termReceivablesOthernotes:
17.Long-termEquityInvestment
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decreaseforthecurrentperiod | Endingbalance(CarryingValue) | Endingbalanceofdepreciationreserve | |||||||
| Additionalinvestment | Reducedinvestment | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Changesofotherequity | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | ||||
| I.Jointventures | |||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 43,516,665.12 | 1,213,920.17 | 44,730,585.29 | ||||||||
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 6,844,016.25 | 193,936.06 | 7,037,952.31 | ||||||||
| Subtotal | 50,360,681.37 | 1,407,856.23 | 51,768,537.60 | ||||||||
| II.Associatedenterprises | |||||||||||
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 18,983,614.14 | 18,983,614.14 | 18,983,614.14 | ||||||||
| ShenzhenKangfuHealthProductsCo.,Ltd. | 165,000.00 | 165,000.00 | 165,000.00 | ||||||||
| ShenzhenXinghaoImitationPorcelainCo.,Ltd. | 756,670.68 | 756,670.68 | 756,670.68 | ||||||||
| ShenzhenSocialWelfareCompanyFudaElectronicsFactory | 326,693.24 | 326,693.24 | 326,693.24 | ||||||||
| ShenzhenFulongIndustryDevelopmentCo.,Ltd. | 1,684,350.00 | 1,684,350.00 | 1,684,350.00 | ||||||||
| HaonianhuaHotel | 2,733,570.05 | 2,733,570.05 | 2,733,570.05 | ||||||||
| ShenzhenEducationFundLonghuaInvestment | 500,000.00 | 500,000.00 | 500,000.00 | ||||||||
| ShenzhenKangleSportsClubHuangfaBranch | 540,060.00 | 540,060.00 | 540,060.00 | ||||
| DankengVillagePlantsofFumininGuanlanTown,ShenzhenCity | 1,168,973.20 | 1,168,973.20 | 1,168,973.20 | ||||
| ShenzhenBullEntertainmentCo.,Ltd. | 500,000.00 | 500,000.00 | 500,000.00 | ||||
| ShenzhenLianhuaCaitianPropertyManagementCo.,Ltd. | 1,475,465.91 | 1,475,465.91 | 1,475,465.91 | ||||
| ShenzhenYangyuanIndustrialCo.,Ltd. | 1,030,000.00 | 1,030,000.00 | 1,030,000.00 | ||||
| JiakaifengCo.,Ltd.Bao’anCompany | 600,000.00 | 600,000.00 | 600,000.00 | ||||
| GuiyuanGarage | 350,000.00 | 350,000.00 | 350,000.00 | ||||
| ShenzhenWuweibenRoofGreeningCo.,Ltd. | 500,000.00 | 500,000.00 | 500,000.00 | ||||
| ShenzhenYuanpingPlasticSteelDoorsCo.,Ltd. | 240,000.00 | 240,000.00 | 240,000.00 | ||||
| ShenzhenYoufangPrintingCo.,Ltd. | 100,000.00 | 100,000.00 | 100,000.00 | ||||
| ShenzhenLushengIndustrialDevelopmentCo.,Ltd. | 100,000.00 | 100,000.00 | 100,000.00 | ||||
| CSCECIntelligentParkingTechnologyCo.,Ltd. | 27,380,294.13 | 632,605.58 | 28,012,899.71 | ||||
| Subtotal | 31,754,397.22 | 27,380,294.13 | 632,605.58 | 59,767,296.93 | 31,754,397.22 | ||
| Total | 82,115,078.59 | 27,380,294.13 | 2,040,461.81 | 111,535,834.53 | 31,754,397.22 |
Othernotes:
18.OtherEquityInstrumentInvestment
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| GintianIndustry(Group)Co.,Ltd. | 887,838.64 | 1,002,551.95 |
| Total | 887,838.64 | 1,002,551.95 |
Non-tradingequityinstrumentinvestmentintheCurrentPerioddisclosedbyitems
Unit:RMB
| Projectname | Dividendincomerecognized | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
| GintianIndustry(Group)Co.,Ltd. | 2,702,517.67 | Notforbusinesstransactionpurposes |
Othernotes:
19.OtherNon-currentFinancialAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
20.InvestmentProperty
(1)InvestmentPropertyAdoptingtheCostMeasurementMode?Applicable□Notapplicable
Unit:RMB
| Item | Housesandbuildings | Landuseright | Constructioninprogress | Total |
| I.Originalcarryingvalue | ||||
| 1.Beginningbalance | 817,541,454.35 | 30,262,437.05 | 37,813,651.91 | 885,617,543.31 |
| 2.Increasedamountforthecurrentperiod | 43,115,972.25 | 19,509,471.00 | -620,935.08 | 62,004,508.17 |
| (1)Outsourcing | 19,509,471.00 | 19,509,471.00 | ||
| (2)Transferfrominventory/fixedassets/constructioninprogress | 41,393,882.14 | 41,393,882.14 | ||
| (3)Businesscombinationincrease | ||||
| (4)Others | 1,722,090.11 | -620,935.08 | 1,101,155.03 |
| 3.Decreasedamountforthecurrentperiod | -1,045,082.77 | 35,276,005.85 | 34,230,923.08 | |
| (1)Disposal | 35,276,005.85 | 35,276,005.85 | ||
| (2)Othertransfer | ||||
| (3)Exchangeadjustment | -1,045,082.77 | -1,045,082.77 | ||
| 4.Endingbalance | 861,702,509.37 | 14,495,902.20 | 37,192,716.83 | 913,391,128.40 |
| II.Accumulativedepreciationandaccumulativeamortization | ||||
| 1.Beginningbalance | 395,715,194.03 | 15,870,449.43 | 14,827,290.50 | 426,412,933.96 |
| 2.Increasedamountforthecurrentperiod | 75,563,017.13 | 11,902,257.30 | 7,169,473.04 | 94,634,747.47 |
| (1)Withdrawaloramortization | 42,349,989.34 | 11,902,257.30 | 7,169,473.04 | 61,421,719.68 |
| (2)Others | 33,213,027.79 | 33,213,027.79 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | -992,828.63 | 14,412,120.84 | 13,419,292.21 | |
| (1)Disposal | 14,412,120.84 | 14,412,120.84 | ||
| (2)Othertransfer | ||||
| (3)Exchangeadjustment | -992,828.63 | -992,828.63 | ||
| 4.Endingbalance | 472,271,039.79 | 13,360,585.89 | 21,996,763.54 | 507,628,389.22 |
| III.Depreciationreserves | ||||
| 1.Beginningbalance | ||||
| 2.Increasedamountforthecurrentperiod | ||||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
| (2)Othertransfer |
4.Endingbalance
| 4.Endingbalance | ||||
| IV.Carryingvalue | ||||
| 1.Endingcarryingvalue | 389,431,469.58 | 1,135,316.31 | 15,195,953.29 | 405,762,739.18 |
| 2.Beginningcarryingvalue | 421,826,260.32 | 14,391,987.62 | 22,986,361.41 | 459,204,609.35 |
(2)InvestmentPropertyAdoptingtheFairValueMeasurementMode
□Applicable?NotapplicableTheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Investmentpropertiesmeasuredinfairvaluebyprojectdisclosure:
Unit:RMB
| Projectname | Location | Timeofcompletion | Floorarea | Leaseincomeduringthisreportingperiod | Beginningfairvalue | Closingfairvalue | Rangeoffairvaluechanges | Reasonforfairvaluechangesandreportindex |
WhethertheCompanyhasnewinvestmentpropertiesinconstructionperiodmeasuredinfairvalue
□Yes?NoWhethertheCompanyhasnewinvestmentpropertiesmeasuredinfairvalue
□Yes?No
(3)InvestmentPropertyFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| 507Unit,BlockNo.6,Maguling | 23,989.01 | Thehouseisusedforpropertymanagement,onceoccupiedbythethirdparty,apropertymanagementcompany,nowhasbeenrecovered,buthasn’thandledthewarrantyet. |
| Meilinland[Note1] | Obtainedafterthesuccessinthelastinstancein2017,relevantcertificationsofpropertyareintheprocedure | |
| Total | 23,989.01 |
Note1:Asat31December2022,theoriginalcarryingvalueofMeilinlandwasRMB3,885,469.40,theaccumulatedaccrueddepreciationwasRMB3,885,469.40,andthecarryingvaluewasRMB0.
21.FixedAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Fixedassets | 82,745,172.12 | 114,155,590.40 |
| Total | 82,745,172.12 | 114,155,590.40 |
(1)ListofFixedAssets
Unit:RMB
| Item | Housesandbuildings | Machineryequipment | Transportationvehicle | Decorationofthefixedassets | Othermachinery | Total |
| I.Originalcarryingvalue: | ||||||
| 1.Beginningbalance | 170,769,520.52 | 6,457,738.92 | 19,945,359.01 | 37,558,734.54 | 56,822,575.07 | 291,553,928.06 |
| 2.Increasedamountforthecurrentperiod | 925,802.96 | 156,911.34 | 4,648,113.87 | 5,730,828.17 | ||
| (1)Purchase | 925,802.96 | 34,972.76 | 4,648,113.87 | 5,608,889.59 | ||
| (2)Transferfromconstructioninprogress | 121,938.58 | 121,938.58 | ||||
| (3)Businesscombinationincrease |
3.Decreasedamountforthe
| 3.Decreasedamountforthe | 40,910,235.23 | 1,409,600.00 | 4,395,553.86 | 46,715,389.09 |
| currentperiod | |||||
| (1)Disposalorscrap | 1,409,600.00 | 4,395,553.86 | 5,805,153.86 |
(2)Exchangeadjustment
| (2)Exchangeadjustment | -483,646.91 | -483,646.91 | ||||
| (3)Others | 41,393,882.14 | 41,393,882.14 | ||||
| 4.Endingbalance | 129,859,285.29 | 6,457,738.92 | 19,461,561.97 | 37,715,645.88 | 57,075,135.08 | 250,569,367.14 |
| II.Accumulativedepreciation | ||||||
| 1.Beginningbalance | 117,648,374.76 | 2,104,341.60 | 13,173,259.62 | 11,190,690.65 | 33,205,953.87 | 177,322,620.50 |
| 2.Increasedamountforthecurrentperiod | 11,004,265.53 | 544,615.34 | 1,951,429.64 | 7,458,565.17 | 7,218,351.90 | 28,177,227.58 |
| (1)Withdrawal | 11,004,265.53 | 544,615.34 | 1,951,429.64 | 7,458,565.17 | 7,218,351.90 | 28,177,227.58 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | 32,769,959.84 | 1,334,118.09 | 3,647,292.29 | 37,751,370.22 | ||
| (1)Disposalorscrap | 1,334,118.09 | 3,647,292.29 | 4,981,410.38 | |||
| (2)Exchangeadjustment | -443,067.95 | -443,067.95 | ||||
| (3)Others | 33,213,027.79 | 33,213,027.79 |
4.Endingbalance
| 4.Endingbalance | 95,882,680.45 | 2,648,956.94 | 13,790,571.17 | 18,649,255.82 | 36,777,013.48 | 167,748,477.86 |
| III.Depreciationreserves | ||||||
| 1.Beginningbalance | 75,717.16 | 75,717.16 | ||||
| 2.Increasedamountforthecurrentperiod | ||||||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposalorscrap |
4.Endingbalance
| 4.Endingbalance | 75,717.16 | 75,717.16 | ||||
| IV.Carryingvalue | ||||||
| 1.Endingcarryingvalue | 33,976,604.84 | 3,808,781.98 | 5,670,990.80 | 19,066,390.06 | 20,222,404.44 | 82,745,172.12 |
| 2.Beginningcarryingvalue | 53,121,145.76 | 4,353,397.32 | 6,772,099.39 | 26,368,043.89 | 23,540,904.04 | 114,155,590.40 |
(2)ListofTemporarilyIdleFixedAssets
Unit:RMB
| Item | Originalcarryingvalue | Accumulateddepreciation | Impairmentprovision | Carryingvalue | Notes |
(3)FixedAssetsLeasedoutbyOperationLease
Unit:RMB
| Item | Endingcarryingamount |
(4)FixedAssetsFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| Room406,2units,HulunbuirGuangxiaDigitalBuilding | 2,364,479.98 | Propertyrightsdisputesbefore,nowhavewonalawsuitwithcertificationofthepropertybeingprocessed. |
| Room401,402,SanxiangBusinessBuildingOfficeBuilding | 652,721.66 | Theofficebuildingwillberemovedduetotheprojectadjustmentandahigh-riseofficebuildingwillbeestablishednearbythepresentaddress.Theexistingpropertyshallbereplacedafterthecompletionofthenewofficebuilding.Thus,thecertificationofthepropertyisfailedtotransact. |
| Total | 3,017,201.64 |
Othernotes:
(5)ProceedsfromDisposalofFixedAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
22.ConstructioninProgress
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(1)ListofConstructioninProgress
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
(2)ChangesinSignificantConstructioninProgressduringtheCurrentPeriod
Unit:RMB
| Projectname | Budget | Beginningbalance | Increasedamountofthecurrentperiod | Transferredinfixedassets | Otherdecreasedamountforthecurrentperiod | Endingbalance | Proportionofaccumulatedinvestmentinconstructionstobudget | Jobschedule | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsforthecurrentperiod | Capitalizationrateofinterestsforthecurrentperiod | Capitalresources |
(3)ListoftheWithdrawaloftheDepreciationReservesforConstructioninProgress
Unit:RMB
| Item | Amountwithdrawn | Reasonforwithdrawal |
Othernotes:
(4)EngineeringMaterials
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
Othernotes:
23.ProductiveLivingAssets
(1)ProductiveLivingAssetsAdoptingCostMeasurementMode
□Applicable?Notapplicable
(2)ProductiveLivingAssetsAdoptingFairValueMeasurementMode
□Applicable?Notapplicable
24.OilandGasAssets
□Applicable?Notapplicable
25.Right-of-useAssets
Unit:RMB
| Item | Housesandbuildings | Total |
| I.Originalcarryingvalue | ||
| 1.Beginningbalance | 85,899,256.85 | 85,899,256.85 |
| 2.Increasedamountforthecurrentperiod | 24,328,862.17 | 24,328,862.17 |
| (1)NewLeases | 24,328,862.17 | 24,328,862.17 |
| 3.Decreasedamountforthecurrentperiod | 13,249,845.21 | 13,249,845.21 |
| (1)Expirationofleasecontract | ||
| (2)Leasetermination | 13,249,845.21 | 13,249,845.21 |
| 4.Endingbalance | 96,978,273.81 | 96,978,273.81 |
| II.Accumulativedepreciation | ||
| 1.Beginningbalance | 14,426,576.12 | 14,426,576.12 |
| 2.Increasedamountforthecurrentperiod | 22,380,277.42 | 22,380,277.42 |
| (1)Withdrawal | 22,380,277.42 | 22,380,277.42 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | 9,996,995.38 | 9,996,995.38 |
| (1)Disposal | ||
| Leasetermination | 9,996,995.38 | 9,996,995.38 |
| 4.Endingbalance | 26,809,858.16 | 26,809,858.16 |
| III.Depreciationreserves | ||
| 1.Beginningbalance | ||
| 2.Increasedamountforthecurrentperiod | ||
| (1)Withdrawal |
3.Decreasedamountforthecurrent
| period |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | ||
| IV.Carryingvalue | ||
| 1.Endingcarryingvalue | 70,168,415.65 | 70,168,415.65 |
| 2.Beginningcarryingvalue | 71,472,680.73 | 71,472,680.73 |
Othernotes:
26.IntangibleAssets
(1)ListofIntangibleAssets
Unit:RMB
| Item | Landuseright | Patentright | Non-patenttechnologies | Softwareuserights | Total |
| I.Originalcarryingvalue | |||||
| 1.Beginningbalance | 3,060,312.13 | 3,060,312.13 | |||
| 2.Increasedamountforthecurrentperiod | |||||
| (1)Purchase | |||||
| (2)InternalR&D | |||||
| (3)Businesscombinationincrease |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 3,060,312.13 | 3,060,312.13 | |
| II.Accumulatedamortization | |||
| 1.Beginningbalance | 1,306,922.80 | 1,306,922.80 | |
| 2.Increasedamountforthecurrentperiod | 484,006.42 | 484,006.42 | |
| (1)Withdrawal | 484,006.42 | 484,006.42 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 1,790,929.22 | 1,790,929.22 | |
| III.Depreciationreserves | |||
| 1.Beginningbalance | |||
| 2.Increasedamountforthecurrentperiod | |||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
(1)Disposal
4.Endingbalance
| 4.Endingbalance | |||
| IV.Carryingvalue | |||
| 1.Endingcarryingvalue | 1,269,382.91 | 1,269,382.91 | |
| 2.Beginningcarryingvalue | 1,753,389.33 | 1,753,389.33 |
TheproportionofintangibleassetsformedfromtheinternalR&DoftheCompanyatthePeriod-endtotheendingbalanceofintangibleassets
(2)LandUseRightFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
Othernotes:
27.DevelopmentCosts
Unit:RMB
| Item | Beginningbalance | Increasedamountofthecurrentperiod | Decreasedamountforthecurrentperiod | Endingbalance | ||||
| Internaldevelopmentcosts | Others | Recognizedasintangibleassets | Transferredintothecurrentprofitorloss | |||||
Total
Othernotes:
28.Goodwill
(1)OriginalCarryingValueofGoodwill
Unit:RMB
TotalNameoftheinvestedunitsoreventsgeneratinggoodwill
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | ||
| Formedbybusinesscombination | Disposal | |||||
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 9,446,847.38 | 9,446,847.38 | ||||
| Total | 9,446,847.38 | 9,446,847.38 | ||||
(2)DepreciationReservesofGoodwill
Unit:RMB
| Nameoftheinvestedunitsoreventsgeneratinggoodwill | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | ||
| Withdrawal | Disposal | |||||
InformationontheAssetsGroupsorCombinationofAssetsGroupswhichGoodwillBelongsto
TotalCarryingvalueofgoodwill
| Carryingvalueofgoodwill | Assetsgrouporcombinationofassetsgroups | |||
| Maincomposition | Carryingvalue | Recognitionmethod | Changesincurrentperiod | |
| 9,446,847.38 | ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | 21,490,611.97 | Assetsgrouporcombinationofassetsgroupscapableofgeneratingcashflowsindependentlyinconsiderationofbenefitsfromsynergiesofbusinesscombinationandthemanagement’sadministrationandmonitoringofproductionandoperatingactivities. | No |
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 | Increasedamountofthecurrentperiod | Amortizationamountofthecurrentperiod | Otherdecreasedamount | Endingbalance |
| Decorationfee | 22,751,829.74 | 7,000,460.51 | 7,522,321.06 | 249,366.73 | 21,980,602.46 |
| Total | 22,751,829.74 | 7,000,460.51 | 7,522,321.06 | 249,366.73 | 21,980,602.46 |
Othernotes:
30.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)DeferredIncomeTaxAssetsHadNotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Deductibletemporarydifferences | Deferredincometaxassets | Deductibletemporarydifferences | Deferredincometaxassets | |
| Provisionforimpairmentofassets | 72,321,489.09 | 15,066,804.41 | 119,305,827.39 | 28,122,514.38 |
| Internalunrealizedprofit | 439,263,809.16 | 109,815,952.29 | 137,494,156.00 | 34,373,539.00 |
| Deductiblelosses | 1,159,867,308.26 | 288,683,459.58 | 1,200,124,630.73 | 299,411,568.81 |
| AccruedlandVAT | 3,838,271,429.24 | 959,567,857.31 | 3,184,602,479.28 | 796,150,619.82 |
| Estimatedprofitcalculatedatpre-salerevenueofpropertyenterprises | 35,766,814.24 | 8,941,703.56 | 479,584,729.78 | 119,896,182.45 |
| Otheraccruedexpenses | 4,512,525.55 | 974,808.89 | 8,579,103.04 | 1,862,165.86 |
| Total | 5,550,003,375.54 | 1,383,050,586.04 | 5,129,690,926.22 | 1,279,816,590.32 |
(2)DeferredIncomeTaxLiabilitiesHadNotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Taxabletemporarydifference | Deferredincometaxliabilities | Taxabletemporarydifference | Deferredincometaxliabilities | |
| Thecarryingvalueoffixedassetswaslargerthanthetaxbasis | 967,914.16 | 241,978.54 | 1,231,415.14 | 307,853.79 |
| Total | 967,914.16 | 241,978.54 | 1,231,415.14 | 307,853.79 |
(3)DeferredIncomeTaxAssetsorLiabilitiesHadBeenOff-setListedinNetAmount
Unit:RMB
| Item | Endingoff-setamountofdeferredincometaxassetsandliabilities | Endingbalanceofdeferredincometaxassetsandliabilities | Beginningoff-setamountofdeferredincometaxassetsandliabilities | Beginningbalanceofdeferredincometaxassetsandliabilities |
| Deferredincometaxassets | 1,383,050,586.04 | 1,279,816,590.32 | ||
| Deferredincometaxliabilities | 241,978.54 | 307,853.79 |
(4)ListofUnrecognizedDeferredIncomeTaxAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Deductibletemporarydifferences | 52,448,071.36 | 73,039,624.89 |
| Deductiblelosses | 508,734,563.66 | 477,329,778.68 |
| Total | 561,182,635.02 | 550,369,403.57 |
(5)DeductibleLossesofUnrecognizedDeferredIncomeTaxAssetswillDueintheFollowingYears
Unit:RMB
| Year | Endingamount | Beginningamount | Notes |
| 2022 | 49,880,895.14 | Thedeductiblelossesof2017 | |
| 2023 | 265,603,820.64 | 265,603,820.64 | Thedeductiblelossesof2018 |
| 2024 | 124,895,242.05 | 124,895,242.05 | Thedeductiblelossesof2019 |
| 2025 | 22,711,013.85 | 22,711,013.85 | Thedeductiblelossesof2020 |
| 2026 | 14,238,807.00 | 14,238,807.00 | Thedeductiblelossesof2021 |
| 2027 | 81,285,680.12 | Thedeductiblelossesof2022 | |
| Total | 508,734,563.66 | 477,329,778.68 |
Othernotes:
31.OtherNon-currentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
| Prepaymentforpurchaseoffixedassets,investmentpropertiesandintangibleassets | 115,779.31 | 115,779.31 | 115,779.31 | 115,779.31 | ||
| Prepaymentforequityacquisition | 42,726,200.00 | 42,726,200.00 | ||||
| Others[note] | 2,635,093.77 | 2,635,093.77 | 2,730,018.54 | 2,730,018.54 | ||
| Total | 2,750,873.08 | 2,750,873.08 | 45,571,997.85 | 45,571,997.85 |
Othernotes:
[Note]:Theamountismainlytheregisteredassetofrealestateforinvestment,astheassetsrelatetothesubsequentpendingtransferofrelocatedpropertiesfortheshantytownrenovationofChuanbujie,andthetermexceedsoneyear.
32.Short-termBorrowings
(1)CategoryofShort-termBorrowings
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Notesofthecategoryforshort-termloans:
(2)ListoftheShort-termBorrowingsOverduebutnotReturned
Theamountoftheoverdueunpaidshort-termborrowingsattheperiod-endwasRMBXXX,ofwhichthesignificantoverdueunpaidshort-termborrowingsareasfollows:
Unit:RMB
| Entity | Endingbalance | Interestrate | Overduetime | Overduechargerate |
Othernotes:
33.TradingFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ofwhich: | ||
| Ofwhich: |
Othernotes:
34.DerivativeFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
35.NotesPayable
Unit:RMB
| Category | Endingbalance | Beginningbalance |
ThetotalamountofnotespayableduebutunpaidwasRMBXXX.
36.AccountsPayable
(1)ListofAccountsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Engineeringconstructionexpensepayable | 484,123,042.01 | 242,383,453.30 |
| Estimatedpayables | 32,863,907.25 | 27,871,456.62 |
| Others | 91,296,439.26 | 81,639,902.31 |
| Total | 608,283,388.52 | 351,894,812.23 |
(2)SignificantAccountsPayableAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ShenzhenMunicipalBureauofPlanningandLand | 25,000,000.00 | Historicalproblems |
| ChinaConstructionFourthEngineeringDivisionCorp.,Ltd. | 18,217,672.83 | Unsettled |
| ShenzhenRuiheConstructionDecorationCo.,Ltd. | 7,129,246.31 | Unsettled |
| ShanghaiMingpengConstructionGroupCo.,Ltd. | 5,976,705.79 | Unsettled |
| ShenzhenWeiyeDecorationGroupCo.,Ltd. | 3,269,572.34 | Unsettled |
| Total | 59,593,197.27 |
Othernotes:
37.AdvancesfromCustomers
(1)ListofAdvancesfromCustomers
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Rental | 2,260,847.31 | 1,381,666.59 |
| Total | 2,260,847.31 | 1,381,666.59 |
(2)SignificantAdvancesfromCustomersAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
38.ContractLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Housepaymentinadvance | 857,317,217.99 | 1,329,251,898.56 |
| Propertyfeeinadvance | 15,740,950.87 | 24,258,900.52 |
| Otherpaymentsinadvance | 47,769,871.95 | 20,655,010.32 |
| Total | 920,828,040.81 | 1,374,165,809.40 |
SignificantchangesintheamountofcarryingvalueandthereasonintheReportingPeriod
Unit:RMB
| Item | Changeinamount | Reason(s) |
| SZPRD-FuchangGardenPhaseII(FuhuiHuayuan) | 316,738,487.14 | Newbuy-backpaymentsinaccordancewiththetermsoftherepurchaseagreement. |
| SZPRD-GoldenCollar’sResort | -527,519,133.76 | Thecarrieddownqualifiedforrevenuecarriedforwardiscarriedforwardtoincomefromprincipalbusinesses. |
| SZPRD-BanshanYujingPhaseII | -253,265,320.98 | BanshanYujingPhaseIIwasdeliveredthisyearandmettheconditionsforcarrieddownrevenue. |
| Total | -464,045,967.60 | —— |
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Theproceedsinformationoftopfiveadvancesaleamount:
Unit:RMB
| No. | Projectname | Beginningbalance | Endingbalance | Estimateddateofcompletion | Advancesaleproportion |
| 1 | SZPRD-FuchangGardenPhaseII(FuhuiHuayuan) | 840,878,470.63 | 524,139,983.49 | 30June2023 | 100.00% |
| 2 | SZPRD-GoldenCollar’sResort | 15,574,706.92 | 543,093,840.68 | 25December2019 | 95.02% |
| 3 | SZPRD-HupanYujingPhaseII | 716,422.02 | 8,401,706.42 | 30November2017 | 96.00% |
| 4 | SZPRD-BanshanYujingPhaseII | 110,921.17 | 253,376,242.15 | 12January2022 | 100.00% |
| 5 | SZPRD-HupanYujingPhaseI | 36,697.25 | 36,697.25 | 1June2015 | 88.04% |
39.PayrollPayable
(1)ListofPayrollPayable
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| I.Short-termsalary | 227,076,754.76 | 907,831,085.48 | 900,181,732.27 | 234,726,107.97 |
| II.Post-employmentbenefit-definedcontributionplans | 2,208,300.26 | 75,306,256.06 | 75,863,872.27 | 1,650,684.05 |
| III.Terminationbenefits | 1,333,012.21 | 7,049,885.90 | 5,633,298.11 | 2,749,600.00 |
| Total | 230,618,067.23 | 990,187,227.44 | 981,678,902.65 | 239,126,392.02 |
(2)ListofShort-termSalary
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| 1.Salary,bonus,allowance,subsidy | 210,074,251.52 | 794,988,506.48 | 788,789,678.14 | 216,273,079.86 |
| 2.Employeewelfare | 1,522,398.43 | 6,668,010.03 | 6,781,928.92 | 1,408,479.54 |
| 3.Socialinsurance | 175,180.41 | 30,144,641.17 | 30,248,751.23 | 71,070.35 |
| Ofwhich:Medicalinsurancepremiums | 171,489.07 | 26,038,316.48 | 26,149,746.01 | 60,059.54 |
| Work-relatedinjuryinsurancepremiums | 1,148.13 | 1,182,667.30 | 1,182,551.73 | 1,263.70 |
| Maternityinsurance | 2,543.21 | 1,360,657.50 | 1,361,046.09 | 2,154.62 |
| Othercommercialinsurances | 1,562,999.89 | 1,555,407.40 | 7,592.49 | |
| 4.Housingfund | 1,739,640.18 | 27,832,396.89 | 28,292,393.76 | 1,279,643.31 |
| 5.Laborunionbudgetandemployeeeducationbudget | 12,762,584.50 | 14,569,702.27 | 15,979,320.17 | 11,352,966.60 |
| Non-monetarybenefits | 802,699.72 | 33,627,828.64 | 30,089,660.05 | 4,340,868.31 |
| Total | 227,076,754.76 | 907,831,085.48 | 900,181,732.27 | 234,726,107.97 |
(3)ListofDefinedContributionPlans
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| 1.Basicpensioninsurance | 123,001.91 | 59,598,053.07 | 59,575,378.23 | 145,676.75 |
| 2.Unemploymentinsurancepremiums | 3,276.52 | 1,606,957.30 | 1,606,108.79 | 4,125.03 |
| 3.Supplementarypensionpayment | 2,082,021.83 | 14,101,245.69 | 14,682,385.25 | 1,500,882.27 |
| Total | 2,208,300.26 | 75,306,256.06 | 75,863,872.27 | 1,650,684.05 |
Othernotes:
40.TaxesPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| VAT | 15,392,042.91 | 32,126,690.19 |
| Enterpriseincometax | 57,096,046.69 | 89,593,466.11 |
| Personalincometax | 3,141,049.35 | 4,784,809.66 |
| Urbanmaintenanceandconstructiontax | 1,464,551.01 | 2,226,514.52 |
| Landappreciationtax | 3,838,271,429.24 | 3,184,727,554.49 |
| Landusetax | 153,626.98 | 938,263.93 |
| Propertytax | 600,966.66 | 406,052.03 |
| Educationalsurcharge | 707,668.15 | 1,063,657.57 |
| Localeducationalfee | 383,745.82 | 573,380.15 |
| Others | 67,220.00 | 149,801.69 |
| Total | 3,917,278,346.81 | 3,316,590,190.34 |
Othernotes:
41.OtherPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Dividendspayable | 12,202,676.04 | 17,542,675.98 |
| Otherpayables | 1,502,883,156.41 | 1,010,079,414.96 |
| Total | 1,515,085,832.45 | 1,027,622,090.94 |
(1)InterestPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Listofthesignificantoverdueunpaidinterest:
Unit:RMB
| Entity | Overdueamount | Overduereason |
Othernotes:
(2)DividendsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ordinarystockdividends | 12,202,676.04 | 17,542,675.98 |
| Total | 12,202,676.04 | 17,542,675.98 |
Othernotes:includingsignificantdividendspayableunpaidforoveroneyear,theunpaidreasonshallbedisclosed:
| Item | Amountunpaid | Reason |
| ShenzhenGreeningDepartment | 10,869,036.68 | Companyrestructuredwithoutclearingpaymentobject |
| LaborUnionofShenzhenGreeningDepartment | 1,300,000.00 | Companyrestructuredwithoutclearingpaymentobject |
| Others | 33,639.36 | Withoutaccesstoitsaccountandthefinalpaymentisunpaid |
| Total | 12,202,676.04 |
(3)OtherPayables
1)OtherPayablesListedbyNatureofAccount
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Securitydeposit | 316,108,932.91 | 308,385,429.16 |
| Margin | 13,585,641.99 | 13,643,729.01 |
| Collectiononbehalf | 3,596,458.33 | 1,574,151.30 |
| Intercoursefunds | 855,267,729.70 | 425,545,263.18 |
| Accruedexpenses | 224,646,116.70 | 169,426,248.94 |
| Paymentonbehalf | 19,052,869.33 | 17,589,956.23 |
| Others | 70,625,407.45 | 73,914,637.14 |
| Total | 1,502,883,156.41 | 1,010,079,414.96 |
2)SignificantOtherAccountsPayableAgingoverOneYear
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ShenzhenPasonAluminumTechnologyCo.,Ltd. | 196,416,155.45 | Didnotsubmitthepaymentapplicationforhistoricalreasons |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 179,966,045.36 | Unsettled |
| ShenzhenHengyu(Group)Co.,Ltd. | 162,000,000.00 | Unsettled |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 42,296,665.14 | Come-and-goaccountswithoutspecificpaymentterm |
| ShenzhenQianhaiMicroPublicBankCo.,Ltd. | 6,875,262.75 | Leasetermnotexpired |
| Total | 587,554,128.70 |
Othernotes:
42.Held-for-saleLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
43.CurrentPortionofNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Currentportionoflong-termborrowings | 196,645,408.45 | 68,984,050.47 |
| Leaseobligationmaturedwithin1Year | 22,213,358.37 | 14,940,651.36 |
| Total | 218,858,766.82 | 83,924,701.83 |
Othernotes:
44.OtherCurrentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Taxtobechargedoff | 83,991,786.83 | 77,403,624.02 |
| Total | 83,991,786.83 | 77,403,624.02 |
Increase/decreaseoftheshort-termbondspayable:
Unit:RMB
| Name | Parvalue | Issuedate | Bondduration | Issueamount | Beginningbalance | Issuedinthecurrentperiod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation | Repaidinthecurrentperiod | Endingbalance |
Total
Othernotes:
45.Long-termBorrowings
(1)CategoryofLong-termBorrowings
Unit:RMB
TotalItem
| Item | Endingbalance | Beginningbalance |
| Pledgedloans | 3,156,782,344.00 | 2,999,400,000.00 |
| Mortgageloans | 1,500,000.00 | |
| Creditloan | 462,000,000.00 | 523,600,000.00 |
| Total | 3,618,782,344.00 | 3,524,500,000.00 |
Notetothecategoryoflong-termborrowings:
Thepledgedborrowingsattheperiod-endwereusedtodeveloptheBanglingurbanrenewalprojectofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.,asubsidiaryoftheCompany(hereinafterreferredtoas“RongyaoRealEstate”)withthedurationfrom29November2019to20November2024.And69%equityofRongyaoRealEstateheldbytheCompanywaspledgedandtheguaranteemodewasthejointliabilityguaranty.Thepledgeborrowingsattheperiod-endwereusedtoacquire100%offivepropertymanagemententerprises.TheyareShenzhenPropertyManagementCo.,Ltd.,ShenzhenForeignTradePropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.andShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.bytheCompany’ssubsidiaryShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.withthedurationfrom18May2022to26April2027.Andthe100%equityofthesefiveenterprisesheldbyShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.Thecreditborrowingsattheperiod-endwereusedforthetransactionpaymentofequityofShenzhenToukongPropertyManagementCo.,Ltd.withthedurationfrom18May2020to10May2025.Othernotes,includinginterestraterange:
46.BondsPayable
(1)BondsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(2)ChangesofBondsPayable(ExcludingOtherFinancialInstrumentsDividedasFinancialLiabilitiessuchasPreferredSharesandPerpetualBonds)
Unit:RMB
| Name | Parvalue | Issuedate | Bondduration | Issueamount | Beginningbalance | Issuedinthecurrentperiod | Interestaccruedatparvalue | Amortizationofpremiumanddepreciation | Repaidinthecurrentperiod | Endingbalance |
Total
| Total | —— |
(3)ConvertibleConditionsandTimeforConvertibleCorporateBonds
(4)NotestoOtherFinancialInstrumentsClassifiedasFinancialLiabilitiesBasicinformationaboutotheroutstandingfinancialinstrumentssuchaspreferredsharesandperpetualbondsattheperiod-endChangesofoutstandingfinancialinstrumentssuchaspreferredsharesandperpetualbondsattheperiod-end
Unit:RMB
| Outstandingfinancialinstruments | Period-beginning | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Period-end | ||||
| Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | |
NotestobasisfortheclassificationofotherfinancialinstrumentsasfinancialliabilitiesOthernotes:
47.LeaseLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Leasepayments | 119,208,080.55 | 124,179,565.50 |
| Unrecognizedfinancingexpense | -19,031,438.63 | -26,157,731.25 |
| Less:leaseliabilitiesduewithin1year | -22,213,358.37 | -14,940,651.36 |
| Total | 77,963,283.55 | 83,081,182.89 |
Othernotes:
48.Long-termPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(1)Long-termPayablesListedbyNature
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
(2)SpecificPayables
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | Reasonforformation |
Othernotes:
49.Long-termPayrollPayable
(1)ListofLong-termPayrollPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
(2)ChangesinDefinedBenefitPlansObligationpresentvalueofdefinedbenefitplans:
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Planassets:
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Netliabilities(netassets)ofdefinedbenefitplans:
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Notesofinfluenceofcontentofdefinedbenefitplansanditsrelevantriskstothefuturecashflow,timeanduncertaintyoftheCompany:
Notestotheresultsofsignificantactuarialassumptionsandsensitivityanalysisofdefinedbenefitplans:
Othernotes:
50.Provisions
Unit:RMB
| Item | Endingbalance | Beginningbalance | Reasonforformation |
| Pendinglitigation | 766,612.52 | 1,425,490.50 | Xuanshengpropertymanagementfeelawsuit |
| Total | 766,612.52 | 1,425,490.50 |
Othernotes,includingnotestorelatedsignificantassumptionsandevaluationofsignificantprovisions:
RefertoNoteXIV-2fordetails.
51.DeferredIncome
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | Reasonforformation |
Iteminvolvinggovernmentgrants:
Unit:RMB
| Item | Beginningbalance | Amountofnewlysubsidyforthecurrentperiod | Amountrecordedintonon-operatingincomeinthecurrentperiod | Amountrecordedintootherincomeinthecurrentperiod | Amountoffsetcostinthecurrentperiod | Otherchanges | Endingbalance | Relatedtoassets/relatedincome |
Othernotes:
52.OtherNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Utilityspecificfund | 634,414.79 | 615,787.03 |
| Housingprinciplefund | 15,105,690.42 | 21,212,930.24 |
| Housewarmingdeposit | 7,058,030.03 | 7,008,598.13 |
| ElectricEquipmentMaintenancefund | 4,019,415.44 | 4,019,415.44 |
| Deputedmaintenancefund | 53,798,172.96 | 46,608,942.66 |
| Follow-upinvestmentofemployeesforGuanlanBanglingproject | 40,000,000.00 | 40,000,000.00 |
| Others | 7,393,196.15 | 6,594,009.58 |
| Total | 128,008,919.79 | 126,059,683.08 |
Othernotes:
53.ShareCapital
Unit:RMB
| Beginningbalance | Increase/decrease(+/-) | Endingbalance | |||||
| Newsharesissued | Bonusshares | Bonusissuefromprofit | Others | Subtotal | |||
| Totalshares | 595,979,092.00 | 595,979,092.00 | |||||
Othernotes:
54.OtherEquityInstruments
(1)BasicInformationaboutOtherOutstandingFinancialInstrumentssuchasPreferredSharesandPerpetualBondsatthePeriod-end
(2)ChangesofOutstandingFinancialInstrumentssuchasPreferredSharesandPerpetualBondsatthePeriod-end
Unit:RMB
| Outstandingfinancialinstruments | Period-beginning | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Period-end | ||||
| Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | Number | Carryingvalue | |
ChangesofotherequityinstrumentsintheCurrentPeriod,reasonsthereofandbasisofrelatedaccountingtreatment:
Othernotes:
55.CapitalReserve
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| Capitalpremium(premiumonstock) | 73,854,303.62 | 73,854,303.62 | ||
| Othercapitalreserves | 80,488,045.38 | 80,488,045.38 | ||
| Total | 154,342,349.00 | 73,854,303.62 | 80,488,045.38 |
Othernotes,includingadescriptionoftheincreaseordecreaseforthecurrentperiodandthereasonsforthechange:
Note:CapitalreserveintheCurrentPerioddecreasedbecause:
TheCompany’ssubsidiary,ITCPropertyManagementCompany,acquired100%equityofShenzhenPropertyManagementCo.,Ltd.inJanuary2022,and100%equityofShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.,ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.,ShenzhenFreeTradeZonePropertyDevelopmentCo.,Ltd.inFebruary2022,bothbymeansofbusinesscombinationunderthesamecontrol.Itisstipulatedthat,duringthepreparationofcomparativestatementsattheendoftheperiodforbusinesscombination,thepartiesinvolvedshallbedeemedtobeintheirpresentstateatthetimewhentheultimatecontrollingpartybeginstoexercisecontrol.Therefore,duringthecombinationoftheacquiredcompanieslastyear,theCompanyincreasedtheopeningsurplusreserveandundistributedprofitrespectivelybyRMB73,854,303.62,andRMB17,937,391.71.Atthecombinationdate,wereversedRMB73,854,303.62incapitalsurplusandRMB17,937,391.71insurplusreserves,whichwereretroactivelypresentedasanincreaseunderthesamecontrolasthepreviousyearandRMB222,424,006.29inunappropriatedprofitoffsetthedifference.
56.TreasuryShares
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
Othernotes,includingadescriptionoftheincreaseordecreaseforthecurrentperiodandthereasonsforthechange:
57.OtherComprehensiveIncome
Unit:RMB
| Item | Beginningbalance | Amountforthecurrentperiod | Endingbalance | |||||
| Amountbeforedeductingincometaxforthecurrentperiod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossinthecurrentperiod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsinthecurrentperiod | Less:Incometaxexpense | AttributabletotheCompanyastheparentaftertax | Attributableminorityshareholdersaftertax | |||
| I.Othercomprehensiveincomethatmaynotbereclassifiedtoprofitorloss | -2,574,121.54 | -168,720.11 | -168,720.11 | -2,742,841.65 | ||||
| Changesinfairvalueofotherequityinstrumentinvestment\ | -2,574,121.54 | -168,720.11 | -168,720.11 | -2,742,841.65 | ||||
| II.Othercomprehensiveincomethatmaysubsequentlybereclassifiedtoprofitorloss | -5,600,532.12 | 4,488,995.82 | 4,488,995.82 | -1,111,536.30 | ||||
| Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | -5,600,532.12 | 4,488,995.82 | 4,488,995.82 | -1,111,536.30 | ||||
| Totalofothercomprehensiveincome | -8,174,653.66 | 4,320,275.71 | 4,320,275.71 | -3,854,377.95 | ||||
Othernotes,includingtheadjustmentoftheeffectivegain/lossoncashflowhedgestotheinitialrecognizedamount:
58.SpecificReserve
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
Othernotes,includingadescriptionoftheincreaseordecreaseforthecurrentperiodandthereasonsforthechange:
59.SurplusReserves
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| Statutorysurplusreserves | 47,209,537.05 | 19,249,057.34 | 17,937,391.71 | 48,521,202.68 |
| Discretionalsurplusreserves | 365,403.13 | 365,403.13 | ||
| Total | 47,574,940.18 | 19,249,057.34 | 17,937,391.71 | 48,886,605.81 |
Notes,includingchangesandreasonofchange:
60.RetainedEarnings
Unit:RMB
| Item | Currentperiod | Previousperiod |
| Beginningbalanceofretainedprofitsbeforeadjustments | 3,788,180,758.20 | 3,038,993,912.43 |
| Totaladjustmentofretainedearningsatthebeginningoftheadjustment(+forup,-fordown) | 12,149,572.03 | -9,261,494.67 |
| Beginningbalanceofretainedprofitsafteradjustments | 3,800,330,330.23 | 3,029,732,417.76 |
| Add:NetprofitattributabletoownersoftheCompanyastheparent | 537,664,698.69 | 1,025,380,909.03 |
| Less:Withdrawalofstatutorysurplusreserve | 19,249,057.34 | 10,431,568.84 |
| Dividendsofcommonsharespayable | 405,265,782.56 | 244,351,427.72 |
| Others | 222,424,006.29 | |
| Endingretainedprofits | 3,691,056,182.73 | 3,800,330,330.23 |
Listofadjustmentofbeginningretainedprofits:
1)RMBXXXbeginningretainedearningswasaffectedbyretrospectiveadjustmentconductedaccordingtotheAccountingStandardsforBusinessEnterprisesandrelevantnewregulations.
2)RMBXXXbeginningretainedearningswasaffectedbychangesinaccountingpolicies.
3)RMBXXXbeginningretainedearningswasaffectedbycorrectionofsignificantaccountingerrors.
4)RMB12,149,572.03beginningretainedprofitswasaffectedbychangesincombinationscopearisingfromsamecontrol.
5)RMBXXXbeginningretainedearningswasaffectedtotallybyotheradjustments.
61.OperatingRevenueandCostofSales
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Principalbusiness | 3,601,884,752.72 | 1,937,899,553.46 | 4,825,516,904.62 | 1,819,108,894.44 |
| Others | 106,784,294.13 | 40,878,067.76 | 85,603,623.71 | 8,273,928.74 |
| Total | 3,708,669,046.85 | 1,978,777,621.22 | 4,911,120,528.33 | 1,827,382,823.18 |
Whetherthelowerofthenetprofitbeforeandafterdeductionofnon-recurringgainsandlossesthroughauditisnegative
□Yes?NoRelevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Productcategories | 3,708,669,046.85 | 3,708,669,046.85 | ||
| Ofwhich: | ||||
| Realestate | 1,913,674,526.31 | 1,913,674,526.31 | ||
| Propertymanagement | 1,666,961,878.32 | 1,666,961,878.32 | ||
| Leasingbusiness | 128,032,642.22 | 128,032,642.22 | ||
| Classificationbyoperatingregion | ||||
| Ofwhich: | ||||
| Shenzhen | 3,122,667,234.12 | 3,122,667,234.12 | ||
| Otherregions | 586,001,812.73 | 586,001,812.73 |
| Marketorcustomertype |
| Ofwhich: |
Contracttype
| Contracttype |
| Ofwhich: |
Classificationbytimeofcommoditytransfer
| Classificationbytimeofcommoditytransfer |
| Ofwhich: |
Classificationbycontractterm
| Classificationbycontractterm |
| Ofwhich: |
Classificationbysaleschannel
| Classificationbysaleschannel |
| Ofwhich: |
Total
Informationaboutperformanceobligations:
On31December,2022,thetransactionpriceassignedtounfulfilled(orpartiallyfulfilled)performanceobligationswasestimatedtobeRMB921million,whichismainlyexpectedfuturerevenueoftransactionpricesthathavenotmetthedeliveryconditionsstipulatedinsalescontractsofrealestate.TheCompanyisexpectedtoachievetheplannedsalesrevenuewithinoneortwoyearswhenthehousepropertyiscompletedandpassestheacceptance,whichmeetsthedeliveryconditionsstipulatedinsalescontracts,andwhenthecustomersacquirethecontrolrightsofrelevantgoodsorservicesonapilotbasis.Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB920,828,040.81attheperiod-end,amongwhichRMB917,619,093.82wasexpectedtoberecognizedin2023,RMB3,208,946.99in2024.Othernotes:
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Thetop5accountsreceivedwithconfirmedamountintheReportingPeriod:
Unit:RMB
TotalNo.
| No. | Projectname | Incomebalance |
| 1 | GoldenCollar’sResort | 1,592,762,154.29 |
| 2 | BanshanYujingPhaseI | 253,083,803.64 |
| 3 | HupanYujingPhaseII | 22,767,795.40 |
| 4 | SonghuLangyuan | 841,321.90 |
| 5 | HupanYujingPhaseI | 709,174.33 |
62.TaxesandSurtaxes
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Urbanmaintenanceandconstructiontax | 11,647,933.20 | 15,933,888.97 |
| Educationalsurcharge | 5,019,133.52 | 6,928,652.97 |
| Propertytax | 5,773,106.72 | 11,021,155.00 |
| Landusetax | 783,939.43 | 1,548,163.43 |
| Landappreciationtax | 695,789,536.89 | 1,309,913,734.35 |
| Localeducationalfee | 3,314,949.88 | 4,465,135.88 |
| Othertaxes | 3,592,058.16 | 2,867,262.46 |
| Total | 725,920,657.80 | 1,352,677,993.06 |
Othernotes:
63.SellingExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Agencyfee | 30,682,192.07 | 35,845,559.65 |
| Consultancyandsalesservicecharges | 5,037,241.10 | 8,151,107.45 |
| Advertisingexpenses | 2,582,813.39 | 9,731,964.11 |
| Employeeremuneration | 7,740,228.91 | 6,438,365.79 |
| Others | 7,499,522.31 | 13,205,019.02 |
| Total | 53,541,997.78 | 73,372,016.02 |
Othernotes:
64.AdministrativeExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Employeeremuneration | 238,534,091.52 | 230,698,574.25 |
| Administrativeofficecost | 28,064,014.57 | 36,035,374.29 |
| Assetsamortizationanddepreciationexpense | 26,431,430.81 | 22,235,485.56 |
| Litigationcosts | 960,169.09 | 1,316,110.53 |
| Consultancyandbrokercharges | 7,721,484.95 | 4,829,258.25 |
| Entertainmentexpense | 3,661,253.01 | 2,623,501.19 |
| Rentandpropertyfee | 2,313,473.60 | 2,217,778.35 |
| Travelexpense | 516,335.81 | 667,459.58 |
| Others | 21,789,402.38 | 23,351,813.61 |
| Total | 329,991,655.74 | 323,975,355.61 |
Othernotes:
65.DevelopmentExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Employeeremuneration | 2,948,680.83 | 1,959,851.56 |
| Depreciationandamortizationexpense | 27,342.88 | 6,204.09 |
| Officecost | 85,952.39 | 64,656.03 |
| Travelexpense | 16,471.28 | 17,928.57 |
| Entertainmentexpense | 4,280.00 | 18,118.90 |
| R&Dmaterialexpense | 25,050.00 | 68,288.00 |
| Amortizationofright-of-useassets | 59,696.04 | 20,285.78 |
| Others | 76,655.69 | 16,464.87 |
| Total | 3,244,129.11 | 2,171,797.80 |
Othernotes:
66.FinanceCosts
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Financecosts | 64,941,564.63 | 75,361,420.03 |
| Less:Interestincome | -21,591,864.72 | -75,033,921.17 |
| Foreignexchangegainsorlosses | -600,187.19 | 145,683.08 |
| Others | 7,821,671.11 | 4,888,485.39 |
| Total | 50,571,183.83 | 5,361,667.33 |
Othernotes:
67.OtherIncome
Unit:RMB
| Sources | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Governmentgrantsrelatedtoincome | 10,637,742.42 | 24,201,919.63 |
| Governmentgrantsrelatedtoassets | ||
| Returnofauxiliaryexpenseforindividualincometaxwithheld | 282,364.88 | 270,696.35 |
| AdditionaldeductionofVAT | 8,204,836.92 | 6,867,086.50 |
| RebateofVAT | 359,114.45 | 672,523.81 |
| Total | 19,484,058.67 | 32,012,226.29 |
68.InvestmentIncome
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 2,040,461.81 | 4,650,460.58 |
| Fundscentralclearinghousemoneymanagementinvestment | -59,130.91 | 1,959,264.79 |
| Total | 1,981,330.90 | 6,609,725.37 |
Othernotes:
69.NetGainonExposureHedges
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Othernotes:
70.GainonChangesinFairValue
Unit:RMB
| Sources | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Tradingfinancialassets | 117,082.19 | 193,746.57 |
| Total | 117,082.19 | 193,746.57 |
Othernotes:
71.CreditImpairmentLoss
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Baddebtloss | -17,395,139.90 | -29,194,857.89 |
| Total | -17,395,139.90 | -29,194,857.89 |
Othernotes:
72.AssetImpairmentLoss
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| II.Inventoryfallingpricelossandimpairmentprovisionforcontractperformancecosts | -528,430.23 | 23,120.82 |
| Total | -528,430.23 | 23,120.82 |
Othernotes:
73.AssetDisposalIncome
Unit:RMB
| Sources | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Gainsondisposaloffixedassets | -130,574.60 | |
| Investmentpropertiesdisposalgains | 175,811,822.99 | |
| Others | 129,357.05 | 27.94 |
| Total | 175,810,605.44 | 27.94 |
74.Non-operatingIncome
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Governmentgrants | 10,000.00 | ||
| Gainsondamageandscrapofnon-currentassets | 5,963.68 | 9,650.00 | 5,963.68 |
| Confiscatedincome | 354,580.59 | 809,424.18 | 354,580.59 |
| Paymentsunabletoclear | 3,129,253.59 | 2,330,544.39 | 1,151,425.28 |
| Others | 3,708,206.42 | 12,427,940.84 | 3,192,592.06 |
| Total | 7,198,004.28 | 15,587,559.41 | 4,704,561.61 |
Governmentgrantsrecordedintocurrentprofitorloss
Unit:RMB
| Item | Distributionentity | Distributionreason | Nature | Whetherinfluencetheprofitsorlossesoftheyearornot | Specialsubsidyornot | Amountforthecurrentperiod | Previousperiod | Relatedtoassets/relatedincome |
| Others | Subsidies | Subsidiesobtainedfromthestatebyundertakingthesustainabilityofpublicutilities,thesupplyofsociallynecessaryproducts,orthefunctionofpricecontrol | No | No | 10,000.00 | Relatedtorevenue |
Othernotes:
Othernon-operatingincomeinthecurrentperiodmainlycomesfromtheownertartesettlementconfirmedbytheCompany.
75.Non-operatingExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Donation | 26,000.00 | 139,000.01 | 26,000.00 |
| Litigationexpenses | 258,891.82 | 191,457.86 | 147,528.97 |
| Penaltyandfinefordelayingpayment | 121,377.17 | 263,358.41 | 232,740.02 |
| Lossesfromdamageandscrapofnon-currentassets | 207,427.68 | 76,980.64 | 172,026.10 |
| Others | 1,943,197.07 | 6,825,181.98 | 1,773,514.16 |
| Total | 2,556,893.74 | 7,495,978.90 | 2,351,809.25 |
Othernotes:
76.IncomeTaxExpense
(1)ListofIncomeTaxExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Currentincometaxexpense | 324,691,681.99 | 664,966,662.82 |
| Deferredincometaxexpense | -103,299,870.97 | -329,061,924.63 |
| Total | 221,391,811.02 | 335,904,738.19 |
(2)AdjustmentProcessofAccountingProfitandIncomeTaxExpense
Unit:RMB
| Item | Amountforthecurrentperiod |
| Totalprofit | 750,732,418.98 |
| Currentincometaxexpenseaccountedatstatutory/applicabletaxrate | 187,683,104.75 |
| Influenceofapplyingdifferenttaxratesbysubsidiaries | -4,167,739.41 |
| Influenceofincometaxbeforeadjustment | 19,508,155.56 |
| Influenceofnon-deductiblecosts,expensesandlosses | 19,580,957.75 |
| Theeffectofusingdeductiblelossesofdeferredincometaxassetsthathavenotbeenrecognizedinthepreviousperiod | -4,183,108.31 |
| Effectofdeductibletemporarydifferencesordeductiblelossesondeferredincometaxassetsnotrecognizedinthecurrentperiod | 2,512,300.58 |
| Changesinthebalanceofdeferredincometaxassets/liabilitiesatthebeginningoftheperiodduetoadjustmentoftaxrate | 458,140.10 |
| Incometaxexpense | 221,391,811.02 |
Othernotes:
77.OtherComprehensiveIncomeRefertoNoteVII-57fordetails.
78.CashFlowStatement
(1)CashGeneratedfromOtherOperatingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Largeintercoursefundsreceived | 531,021,536.31 | 119,896,015.78 |
| Interestincome | 21,591,864.72 | 74,905,183.74 |
| Netmargins,securitydepositandvariousspecialfundsreceived | 118,560,933.18 | 134,580,455.36 |
| Governmentgrantsreceived | 10,637,742.42 | 24,634,476.35 |
| Othersmallreceivables | 30,089,906.24 | 830,679.93 |
| Decreasedlimitedamountforthecurrentperiod | 366,965,985.73 | |
| Total | 1,078,867,968.60 | 354,846,811.16 |
Notes:
(2)CashUsedinOtherOperatingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Payingadministrativeexpenseincash | 61,038,183.86 | 55,452,674.82 |
| Payingsellingexpenseincash | 48,198,423.56 | 62,996,298.93 |
| Netpaymentofutilityexpenseandvariouscollectingpaymentsonbehalfofothers | 79,085,946.82 | 179,760,738.91 |
| Othersmallpayments | 47,884,937.67 | 35,233,110.90 |
| Amountofnewlylimitedfunds | 1,721,815.22 | 373,079,206.86 |
| Total | 237,929,307.13 | 706,522,030.42 |
Notes:
(3)CashGeneratedfromOtherInvestingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Notes:
(4)CashUsedinOtherInvestingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Notes:
(5)CashGeneratedfromOtherFinancingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Notes:
(6)CashUsedinOtherFinancingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Cashconsiderationpaidbythemergingpartyinabusinesscombinationundercommoncontrolatthecombinationdate | 271,489,501.62 | 42,726,200.00 |
| Profitsallocationfromconsolidatedcompaniesundercommoncontroltoformershareholders | 5,339,999.94 | |
| Paymentforleaseliabilities | 29,681,985.71 | 20,052,203.22 |
| Total | 306,511,487.27 | 62,778,403.22 |
Notes:
79.SupplementalInformationforCashFlowStatement
(1)SupplementalInformationForCashFlowStatement
Unit:RMB
| Supplementalinformation | Amountduringthecurrentperiod | Previousperiod |
| 1.Reconciliationofnetprofittonetcashflowsgeneratedfromoperatingactivities | ||
| Netprofit | 529,340,607.96 | 1,008,009,706.75 |
| Add:Provisionforimpairmentofassets | 17,923,570.13 | 29,171,737.07 |
| Depreciationoffixedassets,oil-gasassets,andproductivebiologicalassets | 89,598,947.26 | 53,521,819.80 |
| Depreciationofright-of-useassets | 22,380,277.42 | 13,946,768.72 |
| Amortizationofintangibleassets | 484,006.42 | 428,057.97 |
| Amortizationoflong-termprepaidexpenses | 7,522,321.06 | 5,168,232.95 |
| Lossesfromdisposaloffixedassets,intangibleassetsandotherlong-livedassets(gainsrepresentedby“-”) | -170,564,114.45 | -27.94 |
| Lossesfromscrapoffixedassets(gainsrepresentedby“-”) | 201,464.00 | 67,330.64 |
| Lossesfromchangesinfairvalue(gainsrepresentedby“-”) | -117,082.19 | -193,746.57 |
| Financecosts(gainsrepresentedby“-”) | 69,585,200.52 | 78,852,906.52 |
| Investmentloss(gainsrepresentedby“-”) | -1,981,330.90 | -6,609,725.37 |
| Decreaseindeferredincometaxassets(gainsrepresentedby“-”) | -103,233,995.72 | -329,039,966.22 |
| Increaseindeferredincometaxliabilities(decreaserepresentedby“-”) | -65,875.25 | -21,958.41 |
| Decreaseininventory(gainsrepresentedby“-”) | -1,729,017,854.81 | -3,692,265,882.00 |
| Decreaseinaccountsreceivablegeneratedfromoperatingactivities(gainsrepresentedby“-”) | 611,487,330.14 | -541,399,403.57 |
| Increaseinaccountspayableusedinoperatingactivities(decreaserepresentedby“-”) | 761,689,632.27 | 1,551,384,397.21 |
| Others | ||
| Netcashflowsfromoperatingactivities | 105,233,103.86 | -1,828,979,752.45 |
| 2.Significantinvestingandfinancingactivitieswithoutinvolvementofcashreceiptsandpayments | ||
| Conversionofdebttocapital | ||
| Convertiblecorporatebondsmaturedwithinoneyear | ||
| Fixedassetunderfinancelease | ||
| 3.Netincrease/decreaseofcashandcashequivalent: | ||
| Closingbalanceofcash | 1,509,693,857.48 | 1,907,742,235.25 |
| Less:Openingbalanceofcash | 1,907,742,235.25 | 4,340,900,107.67 |
| Add:Closingbalanceofcashequivalents | ||
| Less:Openingbalanceofcashequivalents | ||
| Netincreaseincashandcashequivalents | -398,048,377.77 | -2,433,157,872.42 |
(2)NetCashPaidForAcquisitionofSubsidiaries
Unit:RMB
Othernotes:
(3)NetCashReceivedfromDisposaloftheSubsidiaries
Unit:RMB
AmountAmount
| Amount | |
| Ofwhich: | |
| Ofwhich: | |
| Ofwhich: |
Othernotes:
(4)CashandCashEquivalents
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| I.Cash | 1,509,693,857.48 | 1,907,742,235.25 |
| Ofwhich:Cashonhand | 43,833.00 | 122,823.16 |
| Bankdepositsondemand | 1,506,148,081.54 | 1,902,488,048.83 |
| Othermonetaryassetsondemand | 3,501,942.94 | 5,131,363.26 |
| III.Endingbalanceofcashandcashequivalents | 1,509,693,857.48 | 1,907,742,235.25 |
Othernotes:
80.NotestoItemsoftheStatementsofChangesinOwners’EquityNotestothenameof“Other”ofclosingbalanceofthesameperiodoflastyearadjustedandtheamountadjusted:
Notapplicable.
81.AssetswithRestrictedOwnershiporRightofUse
Unit:RMB
| Item | Endingcarryingamount | Reasonforrestriction |
| Monetarycapital | 7,835,036.35 | Note1-Note10 |
| LanduserightofFuminNewVillage,FutianDistrict | 542,507,314.43 | Note11 |
| Total | 550,342,350.78 |
Othernotes:
Note1:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanescrowdepositofRMB44,820.14inthecateringbranchofthesubsidiarycompanyShandongShenguomaoRealEstateManagementCo.,Ltd.Note2:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanadvancepaymentguaranteeofRMB459,627.50issuedbythesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.inDecember2021fortheupgradingandreconstructionofthesmartparkofShenzhenBayEco-TechnologyParkandthesoftwareplatformdevelopmentcontract.Note3:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00inthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.blockedbythecourtduetopre-litigationpreservationforcontractdisputes.Note4:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloandepositofRMB1,131,041.58providedasmortgageloanguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.Note5:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB2,860,000.00ofinterestonunexpiredtermdepositsaccruedattheperiod-end.Note6:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB16,111.20ofinterestonlarge-denominationCDs(morethanoneyear).Note7:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB129,154.28intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.Note8:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasarestrictedfundofRMB42,781.65intheblockedaccountofthesubsidiarycompanyShenzhenHuazhengpengPropertyManagementCo.,Ltd.Note9:Attheendoftheperiod,thereweremonetaryfundswithrestricteduserights,includinganamountofRMB150,000.00,whichwasprovidedbythesubsidiaryShenzhenGuomaoPropertyManagementCo.,Ltd.Thisamountwassubmittedon28December,2022,asanon-demandbidbondtoparticipateinthebiddingprocessfortheJiulongStreetDomesticWasteSortingOperationProject(BiddingNo.:21C00183).Note10:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasandepositforPOSofRMB1,500.00intheShandongShenguomaoRealEstateManagementCo.,Ltd.Note11:Duetotheneedsofdailybusinessactivities,theCompanyappliedforaloanfromBankofCommunicationsCo.,Ltd.ShenzhenBranchandmortgagedthelanduserightofFuminNewVillage,FutianDistrict.Theloanhasadurationfrom27November2020to27November2023andappliesfloatinginterestrates.
82.ForeignCurrencyMonetaryItems
(1)ForeignCurrencyMonetaryItems
Unit:RMB
| Item | Closingforeigncurrencybalance | Exchangerate | EndingbalanceconvertedtoRMB |
| Monetarycapital | 6,918,098.51 | ||
| Ofwhich:USD | 120,000.00 | 6.9646 | 835,752.00 |
| EUR | |||
| HKD | 1,109,885.02 | 0.8933 | 991,426.99 |
| VND | 17,434,655,883.00 | 0.0003 | 5,090,919.52 |
| Accountsprepaid | 8,556.94 | 7,643.66 | |
| Ofwhich:HKD | 8,556.94 | 0.8933 | 7,643.66 |
| Otherpayables | 4,542,972.70 | 4,058,101.22 | |
| Ofwhich:HKD | 4,542,972.70 | 0.8933 | 4,058,101.22 |
| Accountsreceivable | |||
| Ofwhich:USD | |||
| EUR | |||
| HKD | |||
| 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 | Amount | Listeditems | Amountrecordedinthecurrentprofitorloss |
| Subsidiesforpandemicprevention | 4,166,354.92 | Otherincome | 4,166,354.92 |
| Subsidiesforpurchaseofpost | 1,734,011.90 | Otherincome | 1,734,011.90 |
| TheSubsidyforStabilizingEmployment | 1,526,617.17 | Otherincome | 1,526,617.17 |
| Othersubsidies | 1,205,562.34 | Otherincome | 1,205,562.34 |
| Incentivegrantsfordomesticwasteclassification | 796,209.20 | Otherincome | 796,209.20 |
| Shenzhenstandardfieldspecialfunds | 658,326.00 | Otherincome | 658,326.00 |
| Serviceindustryspecialguidancefundstosubsidize | 400,000.00 | Otherincome | 400,000.00 |
| Militaryservicegrantsforcollegestudents | 150,660.89 | Otherincome | 150,660.89 |
| Total | 10,637,742.42 | 10,637,742.42 |
(2)ReturnofGovernmentGrants
□Applicable?NotapplicableOthernotes:
85.OtherVIII.ChangeofConsolidationScope
1.BusinessCombinationNotundertheSameControl
(1)BusinessCombinationNotundertheSameControlduringtheCurrentPeriod
Unit:RMB
| Nameofacquiree | Timeandplaceofgainingequity | Costofgainingtheequity | Proportionofequity | Waytogainequity | Purchasedate | Recognitionbasisofpurchasedate | Incomeofacquireefromthepurchasedatetoperiod-end | Netprofitsofacquireefromthepurchasedatetoperiod-end |
Othernotes:
(2)CombinationCostandGoodwill
Unit:RMB
| Combinationcost |
| -Cash |
| -Fairvalueofnon-cashassets |
| -Fairvalueofdebtissuedorassumed |
| -Fairvalueofequitysecuritiesissued |
| -Fairvalueofcontingentconsideration |
| -Fairvalueofequityinterestsheldbeforethepurchasedate |
| -Other |
| Totalcombinationcosts |
| Less:shareinthefairvalueofidentifiablenetassetsacquired |
| Theamountofgoodwill/combinationcostlessthantheshareinthefairvalueofidentifiablenetassetsacquired |
Notetodeterminationmethodofthefairvalueofthecombinationcost,considerationandchanges:
Themainformationreasonforthelargegoodwill:
Othernotes:
(3)TheIdentifiableAssetsandLiabilitiesofAcquireeonPurchaseDate
Unit:RMB
| Fairvalueonpurchasedate | Carryingvalueonpurchasedate | |
| Assets: | ||
| Monetarycapital | ||
| Accountsreceivable | ||
| Inventories | ||
| Fixedassets | ||
| Intangibleassets |
Liabilities:
| Liabilities: |
| Borrowings |
| Accountspayable |
| Deferredincometaxliabilities |
Netassets
| Netassets |
| Less:non-controllinginterests |
| Netassetsacquired |
Thedeterminationmethodofthefairvalueofidentifiableassetsandliabilities:
Contingentliabilityofacquireeundertakeninthebusinesscombination:
Othernotes:
(4)GainsorLossesfromRe-measurementofEquityHeldbeforethePurchaseDateatFairValueWhetherthereisatransactionthatthroughmultipletransactionstepbysteptorealizebusinesscombinationandgainingthecontrolduringtheReportingPeriod
□Yes?No
(5)NotestoReasonableConsiderationorFairValueofIdentifiableAssetsandLiabilitiesoftheAcquireethatCannotBeDeterminedontheAcquisitionDateorduringthePeriod-endoftheMerger
(6)OtherNotes
2.BusinessCombinationundertheSameControl
(1)BusinessCombinationundertheSameControlduringtheCurrentPeriod
Unit:RMB
| Combinedparty | Proportionoftheequity | Basis | Combinationdate | Recognitionbasisofcombinationdate | Incomefromtheperiod-begintothecombinationdateoftheacquiree | Netprofitsfromtheperiod-begintothecombinationdateoftheacquiree | Incomeoftheacquireeduringtheperiodofcomparison | Netprofitsoftheacquireeduringtheperiodofcomparison |
| ShenzhenPropertyManagement | 100.00% | Controlledbythesameultimate | 31January2022 | Shareholdingchange | 25,035,486.19 | 9,699,809.03 | 163,878,223.34 | 3,393,386.78 |
| Co.,Ltd. | controllingpartybeforeandafterthecombination | completed | ||||||
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | 100.00% | Controlledbythesameultimatecontrollingpartybeforeandafterthecombination | 28February2022 | Shareholdingchangecompleted | 5,958,619.92 | 1,928,949.51 | 49,985,238.95 | 15,663,629.13 |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | 100.00% | Controlledbythesameultimatecontrollingpartybeforeandafterthecombination | 28February2022 | Shareholdingchangecompleted | 25,207,937.91 | -1,029,615.71 | 137,536,234.26 | 1,524,213.27 |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | 100.00% | Controlledbythesameultimatecontrollingpartybeforeandafterthecombination | 28February2022 | Shareholdingchangecompleted | 12,592,981.47 | -601,470.42 | 50,404,146.02 | 141,335.20 |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | 100.00% | Controlledbythesameultimatecontrollingpartybeforeandafterthecombination | 28February2022 | Shareholdingchangecompleted | 4,908,193.51 | -401,524.25 | 29,035,534.66 | 528,441.32 |
Othernotes:
(2)CombinationCost
Unit:RMB
| Combinationcost | ShenzhenPropertyManagementCo.,Ltd. | ShenzhenForeignTradePropertyManagementCo.,Ltd. | ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. |
| Cash | 206,390,636.61 | 20,902,006.86 | 61,147,388.00 | 21,839,733.03 | 3,935,937.12 |
| Carryingvalueofnon-cashassets | |||||
| Carryingvalueofdebtissuedorassumed | |||||
| Denominationvalueofequitysecuritiesissued | |||||
| Contingentconsideration |
Contingentliabilitiesandchangesthereof:
Othernotes:
(3)TheCarryingValueofAssetsandLiabilitiesoftheCombinedPartyontheCombinationDate
Unit:RMB
| ShenzhenPropertyManagementCo.,Ltd. | ShenzhenForeignTradePropertyManagementCo.,Ltd. | ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | ||||||
| Combinationdate | Endofthepreviousperiod | Combinationdate | Endofthepreviousperiod | Combinationdate | Endofthepreviousperiod | Combinationdate | Endofthepreviousperiod | Combinationdate | Endofthepreviousperiod | |
| Assets: | 105,837,665.25 | 100,690,034.60 | 41,299,553.50 | 42,931,316.30 | 60,458,752.36 | 61,481,837.99 | 38,682,699.45 | 35,566,312.10 | 13,120,702.94 | 14,479,933.02 |
| Monetarycapital | 58,855,529.69 | 65,906,572.11 | 10,609,630.28 | 20,820,248.28 | 8,732,915.07 | 12,441,809.51 | 4,663,174.47 | 4,186,518.89 | 3,922,018.67 | 5,640,117.11 |
| Accountsreceivable | 6,828,196.32 | 454,920.23 | 1,069,114.51 | 51,580.00 | 26,118,212.57 | 14,738,482.13 | 12,859,828.40 | 6,336,522.79 | 4,233,577.07 | 2,073,848.13 |
| Inventories | 428,476.18 | 860,082.56 | 84,935.19 | 103,719.68 | 140.00 | 31,699.42 | 184,918.86 | 186,658.86 | 40,885.60 | 25,885.60 |
| Fixedassets | 2,478,334.18 | 2,546,464.18 | 165,161.96 | 172,534.15 | 2,678,518.26 | 2,534,272.41 | 633,898.40 | 661,516.56 | 72,922.78 | 79,360.08 |
| Intangibleassets | 262,405.61 | 270,899.35 | ||||||||
| Tradingfinancialassets | 7,115,781.28 | |||||||||
| Otherreceivables | 35,418,132.94 | 24,549,210.13 | 14,070,792.18 | 13,497,148.50 | 21,673,963.54 | 30,607,309.31 | 19,564,582.83 | 24,190,096.56 | 4,851,298.82 | 6,660,722.10 |
| Investmentproperties | 1,416,449.67 | 1,434,434.11 | 8,043,206.72 | 8,116,325.76 | ||||||
| Liabilities: | 62,204,013.13 | 66,756,112.80 | 22,654,094.49 | 26,214,806.80 | 32,820,304.88 | 32,813,774.80 | 17,047,124.62 | 13,329,266.85 | 9,296,560.57 | 10,254,266.40 |
| Borrowings | ||||||||||
| Accountspayable | 2,200.00 | 2,200.00 | 4,490.00 | 4,500.00 | 13,226,287.40 | 10,055,529.99 | 9,748,764.89 | 5,871,781.56 | ||
| Paymentsreceivedinadvance | 423,970.84 | 937.00 | 2,154,855.41 | 2,362,915.66 | 225,682.87 | 115,861.36 | ||||
| Payrollpayable | 10,205,112.57 | 18,747,806.09 | 7,991,914.43 | 7,578,271.64 | 3,632,907.10 | 6,151,658.09 | 966,353.70 | 1,656,806.26 | 4,221,419.11 | 3,679,238.77 |
| Taxandfeespayables | 6,547,489.62 | 1,987,355.64 | 4,485,268.35 | 7,680,380.89 | 2,355,221.84 | 2,149,728.75 | 498,884.07 | 422,251.30 | 73,144.90 | 125,128.30 |
| Otherpayables | 30,430,187.40 | 38,181,834.61 | 6,824,117.26 | 7,681,380.49 | 10,292,221.49 | 10,681,537.84 | 5,422,380.29 | 5,378,427.73 | 4,886,135.20 | 6,334,037.97 |
| Long-termpayables | 14,133,360.26 | 7,836,916.46 | 3,347,367.45 | 3,270,273.78 | 1,154,911.64 | 1,412,404.47 | ||||
| Netassets | 43,633,652.12 | 33,933,921.80 | 18,645,459.01 | 16,716,509.50 | 27,638,447.48 | 28,668,063.19 | 21,635,574.83 | 22,237,045.25 | 3,824,142.37 | 4,225,666.62 |
| Less:non-controllinginterests | 1,839,029.96 | 1,839,939.00 | ||||||||
| Netassetsacquired | 43,633,652.12 | 33,933,921.80 | 18,645,459.01 | 16,716,509.50 | 25,799,417.52 | 26,828,124.19 | 21,635,574.83 | 22,237,045.25 | 3,824,142.37 | 4,225,666.62 |
Contingentliabilitiesofthecombinedpartyundertakeninthebusinesscombination:
Othernotes:
3.CounterPurchaseBasicinformationoftrading,thebasisoftransactionsconstitutecounterpurchase,theretainassets,liabilitiesofthelistedcompanieswhetherconstitutedabusinessanditsbasis,thedeterminationofthecombinationcosts,theamountandcalculationofadjustedrightsandinterestsinaccordancewiththeequitytransactionprocess:
4.DisposalofSubsidiary
Whethertherewasasingledisposalofaninvestmentinasubsidiarythatresultedinalossofcontrol
□Yes?NoWhethertherewasastep-by-stepdisposalofinvestmentinasubsidiarythroughmultipletransactionsandlossofcontrolduringthecurrentperiod
□Yes?No
5.ChangesinCombinationScopeforOtherReasons
Notesofotherchangesinthecombinationscope(e.g.,newsubsidiaries,liquidationofsubsidiaries,etc.)andrelevantsituations:
Increaseinscopeofcombination
| Name | Waytogainequity | Timeandplaceofgainingequity | Contributionamount | Contributionproportion |
| ShenzhenShenwuElevatorCo.,Ltd. | Businesscombinationundercommoncontrol | 31January2022 | 3,500,000 | 100% |
| ShenzhenShenfangPropertyCleaningCo.,Ltd. | Businesscombinationundercommoncontrol | 31January2022 | 100% | |
| ShenzhenWuheUrbanRenewalCo.,Ltd. | Newly-establishedsubsidiary | 25February2022 | 195,000,000 | 100% |
| ShenzhenFubaoUrbanResourcesManagementCo.,Ltd. | Businesscombinationundercommoncontrol | 28February2022 | 3,000,000 | 60% |
| YangzhouWuheRealEstateCo.,Ltd. | Newly-establishedsubsidiary | 17March2022 | 33,500,000 | 67% |
| ShzhenTongluWuheInvestmentDevelopmentCo.,Ltd. | Newly-establishedsubsidiary | 2April2022 | 10,000,000 | 100% |
| ShenzhenInternationalTradeIndustrySpaceServiceCo.,Ltd. | Newly-establishedsubsidiary | 27April2022 | 1,540,000 | 55% |
6.Other
IX.EquityinOtherEntities
1.EquityinSubsidiaries
(1)CompositionsoftheGroup
| Nameofsubsidiaries | Mainoperating | Placeofregistratio | Businessnature | Shareholdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | |||||
| place | n | |||||
| 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. | Chongqing | Chongqing | Realestate | 100.00% | Set-up | |
| ChongqingAoboElevatorCo.,Ltd. | Chongqing | Chongqing | 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 | |
| SZPRDZhanjiangBranch | 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. | 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 | |
| ShenzhenJiayuanPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 54.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenHelinhuaConstructionManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | Shenzhen | Shenzhen | Constructionindustry | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenKangpingIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 90.00% | Businesscombinationunderthe |
| samecontrol | ||||||
| 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 | Xiamen | Serviceindustry | 51.00% | Set-up | |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Set-up | |
| ShenzhenSZPRDYanzihuDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| DongguanWuheRealEstateCo.,Ltd. | Shenzhen | Dongguan | Realestate | 100.00% | Set-up | |
| ShenzhenPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenwuElevatorCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenfangPropertyCleaningCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenForeignTradePropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFubaoUrbanResourcesManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 60.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthe |
| samecontrol | ||||||
| ShenzhenWuheUrbanRenewalCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| YangzhouWuheRealEstateCo.,Ltd. | Yangzhou | Yangzhou | Realestate | 67.00% | Set-up | |
| ShzhenTongluWuheInvestmentDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenInternationalTradeIndustrySpaceServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 55.00% | Set-up |
Notesofshareholdingpercentageinsubsidiariesdifferentfromvotingpercentage:
InMay2021,ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd.(hereinafterreferredtoas“WuheCompany”),asubsidiaryoftheCompany,acquired35%oftheequityofShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.(hereinafterreferredtoas“FMC”)throughacquisitionofequityanddirectionalcapitalincrease.Meanwhile,accordingtotheagreementofthecooperationframeworkonequityacquisitionsignedbyWuheCompanyandtheoriginalshareholders,16%ofthevotingrightsthattheoriginalshareholdersholdoractuallycontrolintheequityofFMCshallbeunconditionallygrantedtoWuheCompanytoexerciseafterthetransactiondate.Therearenoprerequisitesforthegrantingofvotingrights,andthetermofthevotingrightsisnotstipulatedinthecontract.Basisofholdinghalforlessvotingrightsbutstillcontrollingtheinvesteeandholdingmorethanhalfofthevotingrightsbutnotcontrollingtheinvestee:
Basisofcontrollingsignificantstructuralentitiesincorporatedinthescopeofcombination:
BasisofdeterminingwhethertheCompanyistheagentorthemandatory:
Othernotes:
(2)SignificantNon-wholly-ownedSubsidiary
Unit:RMB
| Nameofsubsidiaries | Shareholdingproportionofnon-controllinginterests | Theprofitorlossattributabletothenon-controllinginterestsforthecurrentperiod | Declaringdividendsdistributedtonon-controllinginterestsforthecurrentperiod | Balanceofnon-controllinginterestsattheperiod-end |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 31.00% | -12,942,884.64 | 4,549,221.78 | |
| YangzhouWuheRealEstateCo.,Ltd. | 33.00% | -921,230.82 | 15,578,769.18 | |
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 49.00% | 968,766.90 | 6,498,415.70 | |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 10.00% | 306,914.34 | 3,636,840.35 |
Holdingproportionofnon-controllinginterestsinsubsidiarydifferentfromvotingproportion:
Othernotes:
(3)TheMainFinancialInformationofSignificantNotWholly-ownedSubsidiary
Unit:RMB
| Nameofsubsidiaries | Endingbalance | Beginningbalance | ||||||||||
| Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | Currentassets | Non-currentassets | Totalassets | Currentliabilities | Non-currentliabilities | Totalliabilities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 5,463,417,860.24 | 148,966,845.59 | 5,360,025,967.25 | 237,683,829.61 | 5,360,025,967.25 | 5,597,709,796.86 | 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 |
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 20,620,873.64 | 957,140.53 | 21,578,014.17 | 8,192,080.81 | 123,860.50 | 8,315,941.31 | 18,565,365.94 | 1,106,169.89 | 19,671,535.83 | 8,205,301.82 | 181,236.45 | 8,386,538.27 |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 37,872,874.87 | 687,238.86 | 38,560,113.73 | 31,146,187.72 | 185,261.19 | 31,331,448.91 | 31,903,583.82 | 778,232.97 | 32,681,816.79 | 28,564,967.87 | 28,564,967.87 | |
| YangzhouWuheRealEstateCo.,Ltd. | 1,003,117,568.27 | 923,562.28 | 1,004,041,130.55 | 956,832,739.09 | 956,832,739.09 | |||||||
Unit:RMB
| Nameofsubsidiaries | Amountforthecurrentperiod | Amountforthepreviousperiod | ||||||
| Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | Operatingrevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | -41,751,240.79 | -41,751,240.79 | -313,044,955.93 | -69,082,966.63 | -69,082,966.63 | -219,358,760.50 | ||
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 40,252,862.15 | 1,977,075.30 | 1,977,075.30 | 3,007,075.43 | 34,266,561.14 | 1,451,565.03 | 1,451,565.03 | 2,330,187.13 |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 21,954,911.42 | 3,111,815.90 | 3,111,815.90 | -472,048.78 | 16,814,920.86 | 1,411,091.41 | 1,411,091.41 | -181,629.00 |
| YangzhouWuheRealEstateCo.,Ltd. | -2,791,608.54 | -2,791,608.54 | -716,033.23 | |||||
Othernotes:
(4)Significantrestrictionsonleveragingtheassetsandliquidatingtheliabilitiesofthebusinessconsortium
(5)FinancialsupportorothersupportprovidedtostructuralentitiesincorporatedintothescopeofconsolidatedfinancialstatementsOthernotes:
2.TheTransactionoftheCompanywithItsOwner’sEquityShareChangingbuttheCompanyStillControlstheSubsidiary
(1)NotetotheOwner’sEquityShareChangedinSubsidiary
(2)TheTransaction’sInfluenceontheEquityofNon-controllingInterestsandtheOwner’sEquityAttributabletotheCompanyastheParent
Unit:RMB
| Purchasecost/disposalconsideration |
| -Cash |
| -Fairvalueofnon-cashassets |
Totalpurchasecost/disposalconsideration
| Totalpurchasecost/disposalconsideration |
| Less:Shareofnetassetsofsubsidiariesbasedonpercentageofequityacquired/disposedof |
| Difference |
| Ofwhich:Adjustingcapitalreserve |
| Adjustingsurplusreserve |
| Adjustingretainedprofits |
Othernotes:
3.EquityinJointVenturesorAssociatedEnterprises
(1)SignificantJointVenturesorAssociatedEnterprises
| Name | Mainoperatingplace | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Accountingtreatmentoftheinvestmenttojointventureorassociatedenterprise | |
| Directly | Indirectly | |||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | Shenzhen | Shenzhen | Warehouseservice | 25.00% | 25.00% | Equitymethod |
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | Shenzhen | Shenzhen | Propertymanagement | 50.00% | Equitymethod | |
| CSCECIntelligentParkingTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Commercialservices | 10.00% | Equitymethod | |
Notestoholdingproportionofjointventureorassociatedenterprisedifferentfromvotingproportion:
Basisofholdinglessthan20%ofthevotingrightsbuthasasignificantimpactorholding20%ormorevotingrightsbutdoesnothaveasignificantimpact:
(2)MainFinancialInformationofSignificantJointVentures
Unit:RMB
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |||
| ShenzhenJifaWarehouseCo.,Ltd. | Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | ShenzhenJifaWarehouseCo.,Ltd. | Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | |
| Currentassets | 6,110,801.95 | 58,848,700.91 | 77,995,898.01 | 57,331,775.19 |
| Ofwhich:Cashandcashequivalents | 4,923,260.32 | 37,841,255.88 | 9,519,579.27 | 36,510,372.60 |
| Non-currentassets | 86,342,531.70 | 46,757.57 | 12,036,801.70 | 64,052.07 |
| Totalassets | 92,453,333.65 | 58,895,458.48 | 90,032,699.71 | 57,395,827.26 |
| Currentliabilities | 2,992,163.07 | 28,404,537.12 | 2,999,369.48 | 27,437,899.29 |
| Non-currentliabilities | 16,415,016.74 | 16,269,895.46 | ||
| Totalliabilities | 2,992,163.07 | 44,819,553.86 | 2,999,369.48 | 43,707,794.75 |
| Equityofnon-controllinginterests | ||||
| EquityattributabletoshareholdersoftheCompanyastheparent | 89,461,170.58 | 14,075,904.62 | 87,033,330.23 | 13,688,032.51 |
| Netassetssharescalculatedattheshareholdingproportion | 44,730,585.29 | 7,037,952.31 | 43,516,665.12 | 6,844,016.25 |
| Adjusteditems | ||||
| -Goodwill | ||||
| --Unrealizedprofitofintra-companytransaction | ||||
| --Other | ||||
| Carryingvalueofequityinvestmenttojointventures | 44,730,585.29 | 7,037,952.31 | 43,516,665.12 | 6,844,016.25 |
| Fairvaluesofequityinvestmentsofjointventureswithquotedprices | ||||
| Operatingrevenue | 7,991,120.67 | 17,348,456.03 | 17,198,255.16 | 17,937,089.04 |
| Financialexpenses | -10,286.81 | -369,996.65 | -18,157.77 | -524,285.04 |
| Incometaxexpense | 810,230.79 | 136,495.54 | 2,981,339.69 | 128,978.80 |
| Netprofit | 2,427,840.35 | 387,872.11 | 8,925,482.39 | 375,438.76 |
| Netprofitfromdiscontinuedoperations | ||||
| Othercomprehensiveincome | ||||
| Totalcomprehensiveincome | 2,427,840.35 | 387,872.11 | 8,925,482.39 | 375,438.76 |
Dividendsreceivedfromthejointventureinthecurrentperiod
Othernotes:
(3)MainFinancialInformationofSignificantAssociatedEnterprises
Unit:RMB
DividendsreceivedfromthejointventureinthecurrentperiodClosingbalance/amountofthecurrent
period
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |
| CSCEC | CSCEC | |
| Currentassets | 235,089,462.02 | |
| Non-currentassets | 3,014,735.77 | |
| Totalassets | 238,104,197.79 | |
| Currentliabilities | 77,308,723.18 | |
| Non-currentliabilities | 24,777.90 |
| Totalliabilities | 77,333,501.08 |
Equityofnon-controllinginterests
| Equityofnon-controllinginterests | |
| EquityattributabletoshareholdersoftheCompanyastheparent | 160,770,696.71 |
| Netassetssharescalculatedattheshareholdingproportion | 16,077,069.67 |
| Adjusteditems | |
| -Goodwill | |
| --Unrealizedprofitofintra-companytransaction | |
| --Other | |
| Carryingvalueofinvestmenttoassociatedenterprises | 16,077,069.67 |
| Fairvalueofequityinvestmentsinassociatedenterpriseswithpubliclyquotedprices | |
| Operatingrevenue | 169,285,776.61 |
| Netprofit | 6,326,055.81 |
| Netprofitfromdiscontinuedoperations | |
| Othercomprehensiveincome | |
| Totalcomprehensiveincome | 6,326,055.81 |
Dividendsreceivedfromtheassociatesinthecurrentperiod
Othernotes:
(4)SummaryFinancialInformationofInsignificantJointVenturesorAssociatedEnterprises
Unit:RMB
Dividendsreceivedfromtheassociatesinthecurrentperiod
Closingbalance/amountofthecurrent
period
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |
| Jointventure: | ||
| Sumcalculatedbyshareholdingratioofeachitem | ||
| Associatedenterprises: | ||
| Sumcalculatedbyshareholdingratioofeachitem |
Othernotes:
(5)NotetotheSignificantRestrictionsontheAbilityofJointVenturesorAssociatedEnterprisestoTransferFundstotheCompany
(6)TheExcessLossofJointVenturesorAssociatedEnterprises
Unit:RMB
| Name | Thecumulativerecognizedlossesinpreviousaccumulativelyderecognized | Thederecognizedlosses(ortheshareofnetprofit)incurrentperiod | Theaccumulativeunrecognizedlossesincurrentperiod |
Othernotes:
(7)TheUnrecognizedCommitmentRelatedtoInvestmenttoJointVentures
(8)ContingentLiabilitiesRelatedtoInvestmenttoJointVenturesorAssociatedEnterprises
4.SignificantCommonOperation
| Name | Mainoperatingplace | Placeofregistration | Businessnature | Proportion/Shareportion | |
| Directly | Indirectly | ||||
Notestoholdingproportionorshareportionincommonoperationdifferentfromvotingproportion:
Forcommonoperationasasingleentity,basisofclassifyingascommonoperationOthernotes:
5.EquityintheStructuredEntityExcludedintheScopeofConsolidatedFinancialStatements
Notestothestructuredentityexcludedinthescopeofconsolidatedfinancialstatements:
6.OtherX.RisksAssociatedwithFinancialInstrumentsTheCompanyisengagedinriskmanagementtoachievebalancebetweenrisksandreturns,minimizingthenegativeeffectsofrisksonitsoperationperformanceandmaximizingtheinterestsofitsshareholdersandotherequityinvestors.Basedonthatriskmanagementgoal,thefundamentalstrategyofitsriskmanagementistoidentifyandanalyzevariousrisksfacingtheCompany,establishanappropriateriskbottomline,carryoutriskmanagementandmonitorvariousrisksinatimelyandreliablemannertocontrolthemwithinarestrictedscope.TheCompanyfacesvariousrisksrelatedtofinancialinstrumentsinitsroutineactivities,mainlyincludingcreditrisk,liquidityriskmarketrisk.Themanagementhasreviewedandapprovedthepoliciesofmanagingthoserisks,whicharesummarizedasfollows.i.Classificationoffinancialinstruments
1.Thecarryingvalueoffinancialassetsonthebalancesheetdate
(1)31December2022
| Item | Financialassetsmeasuredatamortizedcost | Financialassetsatfairvaluethroughprofitorloss | Financialassetsatfairvalueandchangesincludedinothercomprehensiveincome | Total |
| Monetarycapital | 1,517,528,893.83 | 1,517,528,893.83 | ||
| Notesreceivable | ||||
| Accountsreceivable | 419,933,915.30 | 419,933,915.30 | ||
| Otherreceivables | 639,903,523.33 | 639,903,523.33 | ||
| Long-termreceivables | 22,651,454.07 | 22,651,454.07 |
| Item | Financialassetsmeasuredatamortizedcost | Financialassetsatfairvaluethroughprofitorloss | Financialassetsatfairvalueandchangesincludedinothercomprehensiveincome | Total |
| Otherequityinstrumentinvestments | 887,838.64 | 887,838.64 |
(2)31December2021
| Item | Financialassetsmeasuredatamortizedcost | Financialassetsatfairvaluethroughprofitorloss | Financialassetsatfairvalueandchangesincludedinothercomprehensiveincome | Total |
| Monetarycapital | 2,280,821,442.11 | 2,280,821,442.11 | ||
| Notesreceivable | 200,000.00 | 200,000.00 | ||
| Accountsreceivable | 293,985,139.93 | 293,985,139.93 | ||
| Otherreceivables | 926,361,533.14 | 926,361,533.14 | ||
| Long-termreceivables | 23,831,889.11 | 23,831,889.11 | ||
| Otherequityinstrumentinvestments | 1,002,551.95 | 1,002,551.95 |
2.Thecarryingvalueoffinancialliabilitiesonthebalancesheetdate
(1)31December2022
| Item | Financialliabilitiesatfairvaluethroughprofitorloss | Otherfinancialliabilities | Total |
| Accountspayable | 608,283,388.52 | 608,283,388.52 | |
| Otherpayables | 1,515,085,832.45 | 1,515,085,832.45 | |
| Currentportionofnon-currentliabilities | 196,645,408.45 | 196,645,408.45 | |
| Long-termborrowings | 3,618,782,344.00 | 3,618,782,344.00 |
(2)31December2021
| Item | Financialliabilitiesatfairvaluethroughprofitorloss | Otherfinancialliabilities | Total |
| Accountspayable | 351,894,812.23 | 351,894,812.23 | |
| Otherpayables | 1,027,622,090.94 | 1,027,622,090.94 | |
| Currentportionofnon-currentliabilities | 68,984,050.47 | 68,984,050.47 | |
| Long-termborrowings | 3,524,500,000.00 | 3,524,500,000.00 |
ii.CreditriskCreditriskmeanstheriskoffinanciallossesincurredtotheotherpartywhenonepartyofafinancialinstrumentisunabletofulfillitsobligations.
1.CreditRiskManagementPractice
(1)CreditRiskEvaluationMethod
Oneachbalancesheetdate,theCompanyshallevaluatewhetherthecreditriskofrelevantfinancialinstrumentshasincreasedsignificantlysincetheinitialrecognition.Afterdeterminingwhetherthecreditriskhasincreasedsignificantlysincetheinitialrecognition,theCompanyshallconsiderobtainingreasonableandreliableinformationwithoutpayingunnecessaryextracostsorefforts,includingqualitativeandquantitativeanalysisbasedonhistoricaldata,externalcreditriskratingandforward-lookinginformation.Onthebasisofthesinglefinancialinstrumentorcombinationoffinancialinstrumentswithsimilarcreditriskcharacteristics,theCompanycomparestheriskofdefaultoffinancialinstrumentsonthebalancesheetdatewiththeriskofdefaultontheinitialrecognitiondatetodeterminethechangeofdefaultriskoffinancialinstrumentsduringtheirexpectedduration.Whenoneormoreofthefollowingquantitativeandqualitativecriteriaprevails,theCompanyshallbelievethecreditriskoffinancialinstrumentshasincreasedsignificantly:
1)Forthequantitativestandard,itcanbemainlyanalyzedfromtheprobabilityofdefaultfortheremainingdurationonthebalancesheetdaterisesbymorethanacertainproportioncomparedwiththeinitialconfirmation.
2)Forthequalitativestandard,itcanbemainlyanalyzedfromthemajoradversechangesinthedebtor’soperationorfinancialsituation,changesinexistingorexpectedtechnology,market,economyorlegalenvironmentwhichshallhavemajoradverseimpactsonthedebtor’srepaymentabilityoftheCompany,etc.
3)Theupperlimitisthatthedebtor’scontractpayment(includingprincipalandinterest)isoverdueformorethan90days.
(2)DefinitionofDefaultandCreditImpairment-AssetsWhenafinancialinstrumentmeetsoneormoreofthefollowingconditions,theCompanyshalldefinethefinancialassetashavingdefaulted,anditscriteriaareconsistentwiththedefinitionofhavingincurredcreditimpairment:
1)QuantitativeStandardThedebtorfailstomakethepaymentafterthecontractpaymentdateformorethan90days;
2)Qualitativecriteriaa.Thedebtorhasmajorfinancialdifficulties;b.Thedebtorviolatesthebindingprovisionsonthedebtorinthecontract;c.Thedebtorislikelytogobankruptorcarryoutotherfinancialrestructurings;d.Thecreditorshallgivethedebtorconcessionsthatwillnotbemadeinanyothercircumstancesduetotheeconomicorcontractualconsiderationsrelatedtothedebtor’sfinancialdifficulties.
2.MeasurementofExpectedCreditLossThekeyparametersformeasuringexpectedcreditlossincludeddefaultprobability,lossgivendefaultandexposureatdefault.TheCompanyconsidersthequantitativeanalysisandforward-lookinginformationofhistoricalstatisticaldata(suchascounterpartyrating,guaranteemethod,collateraltype,repaymentmethod,etc.)toestablishexposuremodelsofdefaultprobability,lossgivendefault,anddefaultrisk.
3.RefertoNoteVII-i,VII-v,VII-viiifordetailsofthereconciliationstatementsofbeginningbalanceandendingbalanceoffinancialinstrumentlossprovision.
4.CreditRiskExposureandCreditRiskConcentrationTheCompany’screditriskmainlycomesfrommonetaryassetsandaccountsreceivable.Tocontroltheaforementionedrelevantrisks,theCompanyhasadoptedthefollowingmeasures.
(1)MonetaryassetsTheCompanyplacesitsmonetaryassetswithfinancialinstitutionsofhighcreditratings.Thus,itscreditriskislow.
(2)AccountsreceivableTheCompanyconductscreditassessmentsonthecustomerstradinginthemodeofcreditonaregularbasis.Basedonthecreditassessmentresult,theCompanychoosestotradewithrecognizedcustomerswithgoodcreditandmonitorthebalanceoftheaccountsreceivablefromthemtoensurethattheCompanywillnotfaceanysignificantbaddebtrisk.
DuetotheCompanymerelytradeswiththeauthorizedthirdpartywithgoodcredit,theguaranteeisnotrequired.Creditriskconcentrationismanagedinaccordancewiththecustomers.Asat31December2022,therewerecertaincreditconcentrationrisksintheCompany,and54.09%oftheaccountsreceivableoftheCompany(54.61%on31December2021)camefromthetop5customersbybalance.TheCompanyhasn’theldanyguaranteeorothercreditenhancementforbalanceofaccountsreceivable.ThemaximumcreditriskexposuretheCompanyundertookshallbethecarryingvalueofeachfinancialassetonbalancesheet.iii.LiquidityriskLiquidityriskreferstotheriskoffundshortageoccurringwhentheCompanyfulfillsthesettlementobligationinthemodeofcashdeliveryorotherfinancialassets.Liquidityriskmayoriginatefromthefailuretosellfinancialassetsatfairvalueassoonaspossible;orfromtheotherparty’sfailuretopayoffitscontractualdebts;orfromtheearliermaturityofdebts;orfromthefailuretogeneratetheexpectedcashflow.Tocontroltherisk,theCompanycomprehensivelyadoptsbankloansasfinancingapproach,appropriatelycombineslong-termandshort-termfinancingmodesandoptimizesthefinancingstructuretomaintainthebalancebetweenfinancingsustainabilityandflexibility.TheCompanyhasobtainedthelineofcreditfromanumberofcommercialbankstosatisfyitsoperationfundneedsandcapitalexpenditure.Financialliabilitiesclassifiedbyremainingmaturity
| Item | Amountattheendofthiscurrentperiod | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Over3years | |
| Bankingborrowings | 3,618,782,344.00 | 3,998,835,011.38 | 190,669,039.72 | 3,648,297,102.30 | 159,868,869.36 |
| Accountspayable | 608,283,388.52 | 608,283,388.52 | 608,283,388.52 | ||
| Otherpayables | 1,515,085,832.45 | 1,515,085,832.45 | 1,502,883,156.41 | 12,202,676.04 | |
| Currentportionofothernon-currentliabilities | 196,645,408.45 | 196,645,408.45 | 196,645,408.45 | ||
| Total | 5,938,796,973.42 | 6,318,849,640.80 | 2,498,480,993.10 | 3,648,297,102.30 | 172,071,545.40 |
(Continued)
| Item | Amountatthebeginningofthiscurrentperiod | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Over3years | |
| Bankingborrowings | 3,524,500,000.00 | 4,196,417,741.29 | 186,248,876.28 | 3,603,862,408.90 | 406,306,456.11 |
| Accountspayable | 351,894,812.23 | 351,894,812.23 | 351,894,812.23 | ||
| Otherpayables | 1,027,622,090.94 | 1,027,622,090.94 | 1,010,079,414.96 | 17,542,675.98 | |
| Currentportionofothernon-currentliabilities | 68,984,050.47 | 68,984,050.47 | 68,984,050.47 | ||
| Total | 4,973,000,953.64 | 5,644,918,694.93 | 1,617,207,153.94 | 3,603,862,408.90 | 423,849,132.09 |
iv.MarketriskMarketriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketprices.Marketriskmainlyincludesinterestrateriskandforeignexchangerisk.
1.InterestrateriskInterestrateriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketinterestrates.Interest-bearingfinancialinstrumentswithfixedinterestratesmaybringthefairvalueinterestraterisktotheCompany,whilethosewithfloatinginterestratemaybringthecashflowinterestraterisktotheCompany.TheCompanywill
determinetheproportionbetweenthefinancialinstrumentswithfixedinterestrateandthosewithfloatinginterestrateincombinationwithmarketenvironment,andmaintainanappropriateportfoliooffinancialinstrumentsthroughregularreviewandmonitoring.TheinterestrateriskofcashflowsfacingtheCompanyismainlyrelatedtothebankloanscalculatedbyfloatinginterestrateoftheCompany.Asat31December2022,undertheassumptionofotherfixedvariableswith50basispointschangedininterestrate,thebankloanofRMB3,809,915,668.00(RMB3,587,800,000.00on31December2021)calculatedatfloatingratewouldnotresultinsignificantinfluenceontotalprofitandshareholders’equityoftheCompany.
2.ForeignexchangeriskForeignexchangeriskreferstotheriskthatmayleadtothechangesoffairvalueoffinancialinstrumentsorfuturecashflowsduetofluctuationinexchangerate.TheriskofchangesofexchangeratefacingtheCompanyismainlyrelatedtoforeigncurrencymonetaryassetsandliabilitiesoftheCompany.TheCompanyoperatesinmainlandChina,andthemainactivitiesarerecordedbyRMB.Thus,theforeignexchangemarketriskundertakenisinsignificantfortheCompany.
XI.DisclosureofFairValue
1.EndingFairValueofAssetsandLiabilitiesatFairValue
Unit:RMB
| Item | Closingfairvalue | |||
| Fairvaluemeasurementitemsatlevel1 | Fairvaluemeasurementitemsatlevel2 | Fairvaluemeasurementitemsatlevel3 | Total | |
| I.ConsistentFairValueMeasurement | -- | -- | -- | -- |
| (III)Otherequityinstrumentinvestment | 887,838.64 | 887,838.64 | ||
| Thetotalamountofassetsconsistentlymeasuredatfairvalue | 887,838.64 | 887,838.64 | ||
| II.InconsistentFairValueMeasurement | -- | -- | -- | -- |
2.BasisforDeterminingtheMarketPriceofContinuousandNon-continuousLevel1FairValueMeasurementItemsTheotherequityinstrumentheldbytheCompanywassharesoflistedcompanieswhosefairvaluewasdeterminedbasedontheclosingpriceonthestockexchangeasof30December2022.
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
| NameoftheCompanyastheparent | Placeofregistration | Businessnature | Registeredcapital | ProportionofshareheldbytheCompanyastheparentagainsttheCompany(%) | ProportionofvotingrightsownedbytheCompanyastheparentagainsttheCompany(%) |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Shenzhen | Limitedliabilitycompany(solely-ownedbythestate) | RMB30,009million | 56.96% | 56.96% |
Notes:InformationontheCompanyastheparent
(1)TheparentcompanyoftheCompanyisShenzhenInvestmentHoldingsCo.,Ltd.(hereinafterreferredtoas“SIHC”),anewly-establishedandorganizedstate-ownedcapitalinvestmentcompanybasedontheoriginalthreestate-ownedassetsmanagementcompaniesinOctober2004,anditsmainfunctionistomanagethepartialmunicipalstate-ownedcompaniesaccordingtotheauthorizationofMunicipalSASAC.Asagovernmentdepartment,ShenzhenState-ownedAssetsSupervisionandAdministrationBureaumanagesShenzhenInvestmentHoldingsCo.,Ltd.onbehalfofPeople’sGovernmentofShenzhenMunicipality.
(2)DuringtheReportingPeriod,SIHC,thecontrollingshareholderoftheCompany,transferred38,037,890ordinarysharesoftheCompanyinunlimitedcirculation(representing6.382%ofthetotalsharecapitaloftheCompany)heldbySIHCtoShenzhenState-ownedEquityManagementCo.,Ltd.forfreetoreplenishthesocialsecurityfunds.ShenzhenState-ownedEquityManagementCo.,Ltd.isanewlyestablishedwholly-ownedsubsidiaryofSIHCtomanagethetransferredstate-ownedequityinaspecialaccount.Aftertheregistrationofthefreetransfer,SIHCheld301,414,637sharesoftheCompany,accountingfor50.575%ofthetotalsharecapitaloftheCompany,andShenzhenState-ownedEquityManagementCo.,Ltd.held38,037,890sharesoftheCompany,accountingfor6.382%ofthetotalsharecapitaloftheCompany.ThefinalcontrolleroftheCompanyisShenzhenState-ownedAssetsSupervisionandAdministrationCommitteeofShenzhenGovernment.Othernotes:
2.SubsidiariesoftheCompany
RefertoNoteIX-1.
3.InformationontheJointVenturesandAssociatedEnterprisesoftheCompany
RefertoNoteIX-3.Informationonotherjointventureorassociatedenterpriseofoccurringrelated-partytransactionswiththeCompanyinCurrentPeriod,orformingbalanceduetorelated-partytransactionsmadeinpreviousperiod:
| Name | RelationshipwiththeCompany |
Othernotes:
4.InformationonOtherRelatedParties
| Nameofotherrelatedparty | RelationshipwiththeCompany |
| ShenzhenXinhaiHoldingCo.,Ltd. | TheCompanyastheparentofXinhaiRongyaoofsubsidiaryRongyaoRealEstatebynon-controllinginterests |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | SubsidiaryRongyaoRealEstatebynon-controllinginterests |
| YangzhouLvfaRealEstateCo.,Ltd. | SubsidiaryYangzhouWuhebynon-controllinginterests |
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | AssociatedenterpriseoftheCompany |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | JointventureoftheCompany |
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | JointventureoftheCompany |
| ShenzhenShenfubao(Group)Co.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenGuaranteeGroupCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenInfinovaLimited | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSportsCenterOperationManagementCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | SubsidiaryoftheCompanyastheparentoftheCompany |
| GUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | SubsidiaryoftheCompanyastheparentoftheCompany |
| GuosenSecuritiesCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenWaterPlanningandDesignInstituteCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenUrbanConstructionMingyuanIndustrialCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopment | Wholly-ownedsub-subsidiaryoftheCompanyastheparentof |
| Co.,Ltd. | theCompany |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSMEVentureCapitalCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenyueUnitedInvestmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShantouSpecialCooperationZoneBranchofShenzhenWaterPlanningandDesignInstituteCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenInfinovaSmartParkTechnologyCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenMeibainianGarmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenTianjunIndustrialCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenShendanCreditEnhancementFinancingGuaranteeCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenForeignServiceGroupCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenFreeTradeZoneLifeServiceCo.,Ltd. | Parentcompany’sgrandsoncompany |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenInfinovaRenyongInformationCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenSDGServiceCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ShenzhenWanchengLogisticsCo.,Ltd. | Parentcompany’sgrandsoncompany |
| ResearchInstituteofTsinghuaUniversityinShenzhen | Parentcompany’ssubsidiary |
Othernotes:
5.ListofRelated-partyTransactions
(1)InformationonAcquisitionofGoodsandReceptionofLaborService
Informationonacquisitionofgoodsandreceptionoflaborservice
Unit:RMB
| Relatedparties | Contentoftherelated-partytransaction | Amountforthecurrentperiod | Theapprovaltradecredit | Whetherexceedtradecreditornot | Amountforthepreviousperiod |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Managementservicefee | 86,518,273.32 | 81,000,000.00 | Yes | 79,121,747.44 |
| ShenzhenTianjunIndustrialCo.,Ltd. | Demolitioncompensation | 27,000,000.00 | 27,000,000.00 | No | |
| ShenzhenForeign | Outsourcing | 9,312,805.11 | - | Yes |
| ServiceGroupCo.,Ltd. | servicecharges | ||||
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Projectarchitecturaldesignservice | 8,161,599.83 | - | Yes | 4,160,439.35 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | Managementservicefee | 4,026,979.11 | - | Yes | 3,930,479.73 |
| GUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | Insurance | 3,296,379.71 | 2,178,700.00 | Yes | 1,726,868.41 |
| ShenzhenShendanCreditEnhancementFinancingGuaranteeCo.,Ltd. | Guaranteeree | 793,950.00 | - | Yes | |
| ShenzhenSDGServiceCo.,Ltd. | Propertyservicefee | 465,715.62 | - | Yes | 244,679.11 |
| ShenzhenMeibainianGarmentCo.,Ltd. | Apparelprocurement | 402,743.64 | - | Yes | |
| ShenzhenShenfubao(Group)Co.,Ltd. | Cateringservices | 210,975.00 | - | Yes | 188,791.00 |
| ShenzhenWaterPlanningandDesignInstituteCo.,Ltd. | Consultantserviceexpense | 113,320.00 | - | Yes | |
| ShenzhenGuaranteeGroupCo.,Ltd. | Guaranteeree | 26,548.11 | - | Yes | |
| ShenzhenInfinovaLimited | Intelligentengineeringexpense | - | No | 816,303.96 |
Informationofsalesofgoodsandprovisionoflaborservice
Unit:RMB
| Relatedparties | Contentoftherelated-partytransaction | Amountforthecurrentperiod | Amountforthepreviousperiod |
| GuorenPropertyandCasualtyInsuranceCo.,Ltd. | Propertyservicefee | 365,485.39 | 261,696.11 |
| GuosenSecuritiesCo.,Ltd. | Propertyservicefee | 1,188,060.37 | |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Projectpayment | 20,874,664.05 | 10,793,087.64 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 10,585,122.24 | 6,826,046.08 |
| ShenzhenShenyueUnitedInvestmentCo.,Ltd. | Propertyservicefee | 2,429,042.80 | 4,426,434.93 |
| ShenzhenGuaranteeGroupCo.,Ltd. | Propertyservicefee | 4,347,773.48 | 1,641,330.00 |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Propertyservicefee | 1,844,495.70 | 1,592,696.30 |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | Propertyservicefee | 6,587,040.80 | 1,778,221.08 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | Propertyservicefee | 12,696,424.71 | 10,377,456.79 |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | Propertyservicefee | 2,500,524.01 | 669,875.70 |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | Propertyservicefee | 1,707,998.32 | 431,567.61 |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | Supervisionservicefee | 96,688.44 | |
| ShenzhenUrbanConstructionMingyuanIndustrialCo.,Ltd. | Projectpayment | 564,220.20 | |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Projectpayment | 4,124,594.71 | 5,821,041.28 |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Propertyservicefee | 81,796.64 | 137,559.84 |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Projectpayment | 255,834.10 | 852,453.80 |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Propertyservicefee | 98,543.56 | 119,081.39 |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | Projectpayment | 212,270.67 | 737,860.57 |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | Propertyservicefee | 6,269,868.04 | 5,575,777.64 |
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | Projectpayment | 201,939.74 | |
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | Propertyservicefee | 1,095,907.44 | 1,823,813.14 |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 8,068,487.11 | 8,678,718.12 |
| ShenzhenShenfubao(Group)Co.,Ltd. | Projectpayment | 1,330,275.23 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | Propertyservicefee | 4,785,217.03 | 4,760,067.50 |
| ShenzhenShenfubao(Group)Co.,Ltd. | Fundingoccupancyexpense | -233,337.05 | 1,053,272.32 |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Projectpayment | 67,252.15 | 380,733.95 |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 170,701.27 | 635,082.10 |
| ShenzhenShantouSpecialCooperationZoneBranchofShenzhenWaterPlanningandDesignInstituteCo.,Ltd. | Propertyservicefee | 22,050.00 | |
| ShenzhenSportsCenterOperationManagementCo.,Ltd. | Propertyservicefee | 687,914.48 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Projectpayment | 7,209,951.08 | 1,267,596.34 |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Serviceexpense | 1,886,792.46 | 1,980,443.98 |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Funding | 174,206.14 | 905,992.47 |
| occupancyexpense | |||
| ShenzhenInvestmentHoldingsCo.,Ltd. | Propertyservicefee | 7,584,483.75 | |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | Propertyservicefee | 75,100,961.12 | |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Propertyservicefee | 360,707.44 | 298,892.38 |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Propertyservicefee | 235,915.67 | 201,669.81 |
| ShenzhenSMEVentureCapitalCo.,Ltd. | Propertyservicefee | 872,990.19 | 1,347,253.40 |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Propertyservicefee | 354,142.48 | 202,133.32 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Propertyservicefee | 54,562,406.82 | 56,337,675.04 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Consultantserviceexpense | 541,666.98 | |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Projectpayment | 686,767.33 | 744,795.72 |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Propertyservicefee | 2,977,659.03 | 2,515,433.40 |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Projectpayment | 1,419,537.05 | 67,434.49 |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Propertyservicefee | 2,423,260.33 | |
| ShenzhenInfinovaLimited | Propertyservicefee | 289,916.74 | 286,508.61 |
| ShenzhenInfinovaSmartParkTechnologyCo.,Ltd. | Consultantserviceexpense | 512,000.00 | |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Propertyservicefee | 2,763,006.30 | 1,804,718.93 |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Supervisionservicefee | 618,867.93 | |
| ShenzhenTsinghuaUniversityResearchInstitute | Propertyservicefee | 351,203.22 | 285,775.44 |
Notestoacquisitionofgoodsandreceptionoflaborservice
(2)InformationonRelated-partyTrusteeship/Contract
Listsoftrusteeship/contractoftheCompany:
Unit:RMB
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | Incomerecognizedinthiscurrentperiod |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | ShenZhenProperties&ResourcesDevelopment(Group)Ltd. | Investmentproperties | 6November2019 | 5November2025 | Marketpricing | 44,057,444.98 |
| ShenzhenShenfubao(Group)Co.,Ltd. | ShenzhenShenfubaoProperty | RealEstate,engineerin | 1January2021 | 31December2022 | Marketpricing | 1,476,804.42 |
| DevelopmentCo.,Ltd. | g | |||||
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. | Propertymaintenanceproject | 1January2021 | 31December2022 | Marketpricing | 142,317.25 |
| ShenzhenShenfubao(Group)Co.,Ltd. | ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Property | 1January2021 | 31December2022 | Marketpricing | 853,210.46 |
| ShenzhenShenfubao(Group)Co.,Ltd. | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Property | 1January2021 | 31December2022 | Marketpricing | 1,238,467.02 |
Notes:
Listsofentrust/contractee
Unit:RMB
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | Chargerecognizedinthiscurrentperiod |
Notes:
(3)InformationonRelated-partyLease
TheCompanywaslessor:
Unit:RMB
| Nameoflessee | Categoryofleasedassets | Theleaseincomeconfirmedinthecurrentperiod | Theleaseincomeconfirmedinthepreviousperiod |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Investmentproperties | 1,369,729.39 | 504,175.20 |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Investmentproperties | 1,891,531.05 | 616,214.13 |
TheCompanywaslessee:
Unit:RMB
| Nameoflessor | Categoryofleasedassets | Rentalexpenseofsimplifiedshort-termleasesandlow-valueassetleases(ifapplicable) | Variableleasepaymentsthatarenotcoveredinthemeasurementoftheleaseliabilities(ifapplicable) | Rentpayable | Interestexpenseonleaseliabilitiesborne | Addedright-of-useassets | |||||
| Amountforthecurrentperiod | Amountforthepreviousperiod | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountforthecurrentperiod | Amountforthepreviousperiod | ||
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | Investmentproperties | 796,404.00 | 388,326.60 | 139,419.23 | 129,955.05 | 614,554.40 | 1,801,300.23 | ||||
| ShenzhenHi-techZoneDevelopment | Investmentproperties | 519,166.28 | 104,160.00 | 50,400.00 | 8,533.45 | 6,723.46 | 295,875.35 | ||||
| ConstructionCo.,Ltd. | |||||||||
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Investmentproperties | 3,690.77 | |||||||
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | Investmentproperties | 640,523.85 | 491,428.54 | 55,000.00 | 8,020.54 | 1,782,328.10 |
Notes:
(4)InformationonRelated-partyGuaranteeTheCompanywasguarantor:
Unit:RMB
| Securedparty | Amountofguarantee | Startdate | Enddate | Executionaccomplishedornot |
TheCompanywassecuredparty
Unit:RMB
| Guarantor: | Amountofguarantee | Startdate | Enddate | Executionaccomplishedornot |
| GuorenP&C | 82,093,413.89 | 26June2022 | 30April2024 | Not |
| ShenzhenShendanZengxinFinancingGuaranteeCo.,Ltd. | 16,750,000.00 | 29March2022 | 28March2025 | Not |
| ShenzhenShendanZengxinFinancingGuaranteeCo.,Ltd. | 36,850,000.00 | 29March2022 | 28March2026 | Not |
| ShenzhenShendanZengxinFinancingGuaranteeCo.,Ltd. | 13,400,000.00 | 29March2022 | 28March2027 | Not |
| ShenzhenCreditGuaranteeGroupCo.,Ltd. | 2,895,117.51 | 1May2022 | 1May2023 | Not |
Notes:
(5)InformationonInter-bankLendingofCapitalofRelatedParties
Unit:RMB
| Relatedparties | Amount | Startdate | Maturitydate | Note |
| Borrowing |
| Lending |
(6)InformationonAssetsTransferandDebtRestructuringbyRelatedParty
Unit:RMB
| Relatedparties | Contentoftherelated-partytransaction | Amountforthecurrentperiod | Amountforthepreviousperiod |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Transferoffixedassets | 171,582.53 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | Acquisitionofequityinterest | 86,923,058.15 | |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.andShenzhenSPGInvestmentCo.,Ltd. | Acquisitionofequityinterest | 206,390,636.61 | |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Acquisitionofequityinterest | 20,902,006.86 |
(7)InformationonRemunerationforKeyManagementPersonnel
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Remunerationforkeymanagementpersonnel | 15,149,368.18 | 15,959,991.00 |
(8)OtherRelated-partyTransactions
6.AccountsReceivableandPayableofRelatedParty
(1)AccountsReceivable
Unit:RMB
| Projectname | Relatedparties | Endingbalance | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | ||
| Accountsreceivable | HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 15,856,697.13 | 475,700.91 | 2,906,269.30 | 66,647.54 |
| ShenzhenShenyueUnitedInvestmentCo.,Ltd. | 1,545,493.83 | 46,364.81 | |||
| ShenzhenGuaranteeGroupCo.,Ltd. | 69,764.97 | 2,092.95 | 484,328.21 | 14,529.85 | |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 3,292,961.84 | 177,657.15 | 2,038,315.65 | 75,908.99 | |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | 1,379,512.79 | 55,256.38 | 1,170,565.00 | 48,987.95 | |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | 10,072,563.13 | 674,112.86 | |||
| ShenzhenTotalLogisticsServiceCo.,Ltd. | 779,745.46 | 23,392.36 | 395,202.42 | 11,856.07 | |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | 114,435.00 | 3,433.05 | 101,072.00 | 3,032.16 | |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 1,811,138.85 | 104,774.17 | 52,000.00 | ||
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | 307,714.39 | 9,231.43 | |||
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | 1,331,881.42 | 39,956.44 | 539,992.41 | ||
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | 917,263.67 | 66,998.66 | 1,000,780.50 | ||
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | 2,454,324.58 | 88,615.34 | 4,700,758.68 | ||
| ShenzhenShenfubao(Group)Co.,Ltd. | 3,699,118.44 | 145,973.55 | 1,323,864.34 | ||
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 55.70 | 1.67 | |||
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 1,500,297.75 | 45,008.93 | 3,618,388.27 | 108,551.65 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 6,623,892.25 | 218,945.16 | 1,876,454.12 | 20,087.62 | |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | 51,312,666.65 | 1,539,380.00 | |||
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | 116,061.39 | 3,481.84 | 28,814.40 | 864.43 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 131,203,332.93 | 3,936,099.99 | 112,281,758.95 | 3,368,452.77 | |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 1,013,741.87 | 2,700.00 | |||
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | 811,111.70 | 24,333.35 | |||
| ShenzhenInfinovaSmartParkTechnologyCo.,Ltd. | 320,000.00 | 9,600.00 | |||
| ShenzhenTsinghuaUniversityResearchInstitute | 113,107.19 | 3,393.22 | 66,034.33 | 1,981.03 | |
| Total | 235,633,141.06 | 7,693,804.22 | 133,598,340.45 | 3,723,600.06 | |
| Contractualassets | HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 373,225.04 | |||
| ShenzhenLargeIndustrialZone(ShenzhenExport | 337,422.67 |
| ProcessingZone)DevelopmentManagementGroupCo.,Ltd. | |||||
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | 26,457.15 | ||||
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | 28,385.93 | ||||
| ShenzhenShenfubao(Group)Co.,Ltd. | 43,500.00 | ||||
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 14,649.15 | ||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 139,004.56 | ||||
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 50,169.55 | ||||
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | 46,418.86 | ||||
| Total | 1,059,232.91 | ||||
| Othernon-currentassets | ShenzhenShenfubao(Group)Co.,Ltd. | 42,726,200.00 | |||
| Total | 42,726,200.00 | ||||
| Otherreceivables | ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 121,714.92 | 5,080.85 | 20,420.00 | 612.60 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | 100,000.00 | 10,000.00 | 20,822,314.85 | ||
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 2,583.54 | 77.51 | 3,613.60 | ||
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | 11,950.00 | ||||
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | 10,720,575.27 | 321,617.26 | 8,430,575.27 | 252,917.26 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | 59,759,134.93 | ||||
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 3,533.26 | ||||
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 81,233.00 | 81,233.00 | 81,233.00 | 81,233.00 | |
| ShenzhenInvestment | 685,740.90 | 112,893.70 | 12,421,260.83 | 46,829.92 |
| HoldingsCo.,Ltd. | |||||
| ShenzhenXinhaiHoldingCo.,Ltd. | 201,499,990.18 | 6,044,999.71 | 401,499,990.18 | 6,044,999.71 | |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | 375,068,984.55 | 11,252,069.54 | 355,026,166.83 | 10,650,785.01 | |
| ShenzhenTianjunIndustrialCo.,Ltd. | 10,000,000.00 | 10,000,000.00 | |||
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 4,159,687.50 | 124,790.63 | 11,809,060.35 | 419,496.75 | |
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | 1,747,264.25 | |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | 3,734.83 | 373.48 | 1,410,306.11 | ||
| ShenzhenWanchengLogisticsCo.,Ltd. | 8,005.74 | ||||
| Total | 604,191,508.94 | 19,700,399.93 | 883,054,829.20 | 19,244,138.50 |
Note1:InJanuary2022,theCompanycompletedtheacquisitionofequityinterestsinShenzhenPropertyManagementCo.,Ltd.("ShenzhenProperty"),asubsidiaryofShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.("SPG");inFebruary2022,theCompanycompletedtheacquisitionofequityinterestsinShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.(“SecurityCompany”),ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.(“ShenfubaoProperty”)andShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.(“HydropowerCompany”)whicharesubsidiariesofShenzhenShenfubao(Group)Co.,Ltd.(“ShenfubaoGroup”),andShenzhenForeignTradePropertyManagementCo.,Ltd.(“ForeignTradeProperty”)whichisasubsidiaryofChinaShenzhenForeignTrade(Group)Corp.Ltd.AccordingtotherequirementsofShenzhenSASAC'sGuidanceonStrengtheningBankAccountManagementandComprehensiveSupervisionofCapitalRiskPreventionofMunicipalState-ownedEnterprises(SZASAC[2014]No.79),SPG,ShenfubaoGroupandShenzhenInvestmentHoldingsCo.,Ltd.("SIHC")centralizedthemanagementofsomefundsoftheirsubsidiaries.Priortotheacquisition,ShenzhenPropertypooledanddepositedpartofitsfundswithSPG;ShenfubaoProperty,HydropowerCompanyandSecurityCompanypooledanddepositedpartoftheirfundswithShenfubaoGroup;andForeignTradePropertypooledanddepositedpartoftheirfundswithSIHC,thusformingnon-operatingfundtransactionsbetweentheCompanyandSPG,ShenfubaoGroupandSIHC.Thenon-operatingcapitaltransactionswithSPG,ShenfubaoGroupandSIHCforhistoricalreasonsatthebeginningof2022wereRMB20,722,314.85,RMB56,595,413.13andRMB12,312,112.39,respectively.Asof31December2022,theCompanyhassettledthenon-operatingcapitaltransactionswithSPG,ShenfubaoGroupandSIHC,andthereisnosituationofrelatedpartiesoccupyingtheCompany'sfunds.Note2:TheotherreceivablesoftheCompanytoShenzhenQianhaiAdvancedInformationServiceCo.,Ltd.(hereinafterreferredtoas“QianhaiAdvanced”)areadvancemoneypaidinadvanceduetothedemolitionofGuanlanBanglingProject.AccordingtothejointandseveralguaranteecommitmentlettersignedbyShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.,XinhaiRongyaoisjointlyandseverallyliableforthetaxandinterestadvancedbytheCompany.Outofprudence,theCompany'stransactionstoQianhaiAdvancedaredisclosed.
(2)AccountsPayable
Unit:RMB
| Projectname | Relatedparties | Endingcarryingamount | Beginningcarryingamount |
| Accountspayable | ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 787,002.77 | 887,042.50 |
| ShenzhenInfinovaRenyongInformationCo.,Ltd. | 25,203.84 |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 252,198.81 | ||
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | 1,199,653.20 | 1,666,199.82 | |
| ShenzhenSDGServiceCo.,Ltd. | 282,144.00 | 17,000.00 | |
| Total | 2,294,003.81 | 2,822,441.13 | |
| Otherpayables | ShenzhenGuaranteeGroupCo.,Ltd. | 1,494,841.29 | 396,462.16 |
| ShenzhenFreeTradeZoneLifeServiceCo.,Ltd. | 4,850.00 | 4,850.00 | |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | 11,579.00 | 250,890.00 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | 2,503,870.62 | 146,410.00 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 10,126,517.16 | 10,874,467.40 | |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 687,525.00 | 654,786.00 | |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 562,521.00 | 535,734.00 | |
| ShenzhenSMEVentureCapitalCo.,Ltd. | 339,760.59 | 339,760.58 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 179,966,045.36 | 90,354,189.38 | |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 360,752.18 | 360,752.18 | |
| ShenzhenInfinovaLimited | 144,219.02 | 144,219.02 | |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | 265,018.43 | ||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 42,296,665.14 | 38,796,665.14 | |
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 5,214,345.90 | 5,214,345.90 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 868,934.14 | 769,277.91 | |
| GuosenSecuritiesCo.,Ltd. | 228,813.86 | ||
| ShenzhenForeignServiceGroupCo.,Ltd. | 1,101,949.83 | ||
| YangzhouLvfaRealEstateCo.,Ltd. | 313,705,372.89 | ||
| Total | 559,654,767.55 | 149,071,623.53 |
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.SignificantCommitmentsSignificantcommitmentsonbalancesheetdateSignedlargeamountcontractunderperformingortobeperformed
| Item | Amountofcurrentperiod | Sameperiodoflastyear |
| Commitmentssignedbuthasn’tbeenrecognizedinlargeamount | 2,661,507,526.23 | 136,224,550.92 |
2.Contingency
(1)SignificantContingencyonBalanceSheetDate
(1)TheactionabouttransferringJiabinBuildingcontentiousmatterIn1993,theCompanysignedRightofDevelopmentTransferContractofJiabinBuildingwithShenzhenJiyongPropertyDevelopmentCo.,Ltd.(hereinafterreferredtoas“JiyongCompany”).Sincethecontractwasnoteffectivelyexecuted,theCompanysubsequentlyfiledaseriesoflawsuitsagainstthepartiesinvolvedintheproject,buttheoutcomewasnotfavorabletotheCompany.Therefore,theCompanycalculatedandwithdrewbad-debtprovisionsforaccountsreceivableamountingtoRMB93.81millionfromJiyongCompanyinfullinpastyearsforthetransferofJiabinBuilding.On31October2018,ShenzhenIntermediatePeople’sCourtmadeacivilawardandruledthattheCompany’sapplicationforthebankruptcyofJiyongCompanywouldnotbeaccepted.TheCompanyappealedagainsttheruling.On29April2019,theGuangdongProvincialHigherPeople’sCourtruledtorejecttheCompany’sappealandmaintaintheoriginalruling.Asoftheissuancedateofthereport,thereisnonewprogressinthecase.
(2)ThearbitrationcaseofpropertycontractdisputeofSoftwareParkPhaseIbetweentheFourthOwners’CommitteeofShenzhenNanshanDistrictSoftwarePark(Applicant)andShenzhenITCTechnologyParkServiceCo.,Ltd.forSoftwareParkIInMarch2021,theITCTechnologyParkCompanyreceivedarbitrationnoticesrespectivelyofthecase[2021]Shenguozhongshou[2021]ShenguozhongshouNo.1063.TheFourthOwners’CommitteeofShenzhenNanshanDistrictSoftwareParkappliedforthefollowingaward:1.RespondentshallreturnRMB9,893,677.82andfundoccupationfeeofRMB3,272,665.99(temporarilycalculatedfrom1July2012to31January2021),totalingRMB13,166,343.81;2.respondentshallbeartheattorney’sfeeofRMB30,000.00.On21August2022,theArbitrationTribunalheldthesecondhearingtoinquireabouttheauditreportissuedbythethird-partyauditorandthedetailsofthecase,on5September2022,Jun&PartnersrespondedtotheSpecialAuditReportofCaseNo.1063.Asof24March2023,CaseNo.1063isawaitingtheoutcomeofthedetermination.
(3)LitigationcaseaboutShenzhenBasepointIntelligentCo.,Ltd.On20August2017,ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.signedSoftwareServiceContractonChinaMerchantsPropertyIntelligentFacilityManagementPlatformwithChinaMerchants.ThecompanyprocuredaRMB3millionfacilitymanagementsystemfromBasepointfortheproject.TheBasepointshallprovide31projects,butonly11projectspassedtheacceptanceintheactualimplementation.TheCompanyconsidersthatthefacilitymanagementsystemprovidedbyBasepointneedstomeetthecontract’srequirementsandcurrentlypaysBasepointonlyRMB60,000.On15December2021,BasepointsuedShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.forRMB500,000fortheimplementationcostsrelatedtothecooperationprojectithadalreadyincurred.
Thefirsttrialofthelawsuithasbeenconcluded,andthefacilityhousewasawardedRMB3milliontointegratethesameamountintotheBasepoint.TheCompanyappealedtheresultofthefirsttrialforasecondtrial,whichhasyettobeheld.AsexpressedinthelegalopinionofGuangdongSincerePartners&Attorneysonthesecondtrialofthecase,thesecondtrialofthecasewillprobablychangetheverdict,reversetherulingofthefirsttrialonthepaymentofRMB3millionpurchasecostandinterestbythefacilityhometotheBasepointorremandforretrialduetounclearfactsandtheneedtofindoutthefacts.
(4)PropertymanagementfeelitigationcaseregardingShenzhenXuanshengIndustrialDevelopmentCo.,Ltd.HaiwaiLianyiBuilding,No.12YingchunRoad,LuohuDistrict,ShenzhenCity,ispartlyownedbytheUnitedFrontWorkDepartmentoftheShenzhenMunicipalCommittee,andShenzhenJinhailianPropertyManagementCo.,Ltd.isauthorizedbytheUnitedFrontWorkDepartmentoftheShenzhenMunicipalCommitteetomanagetheproperty.On31December2006,JinhailianandShenzhenXuanshengIndustrialDevelopmentCo.,Ltd.signedthePropertyManagementAgreementof“HaiwaiLianyiBuilding”,whichagreedthatXuanshengwouldprovidepropertymanagementservicestoJinhailianandJinhailianwouldpaythecorrespondingpropertymanagementfeestoXuansheng.On7January2020,XuanshengsignedtheAgreementwithJinhailianandtheoutsiderShenzhenShengxinHotelManagementCo.,Ltd.andagreedthatthethreepartiesreachedanagreementonthemanagementfee,principalmaintenancefee,andelectricityfeeowedtoXuanshengfrom1July2017to31December2019onthe5th-8thfloorofHaiwaiLianyiBuildingbyJinhailianasfollows:1)Themanagementfee,principalTheamountofmaintenancefeeandelectricityfeeisRMB696,033.73;2)Jinhailianwillreturntheabovearrearsrepaymentdatebefore22January2020;3)Outoffriendlyrelationship,ifJinhailiancannotreturntheabovearrearsbefore22January2020,thenShengxinHoteliswillingtoadvancefromtherentpayabletoJinhailian;4)Ifduetoobjectivereasons,ShengxinHotelcannotcompletetheleasesurrender,Xuanshengwillrefundthisadvanceintotal,andJinhailianwillstillreturntheoutstandingamount.However,bothJinhailianandShengxinHotelfailedtofulfilltheirpaymentobligationsasagreedinthesaidagreement.Inthisregard,XuanshengissuedaNoticeofDemandforPaymentofArrearson13January2022andanAttorney’sLettertoJinhailianon15August2022,demandingtofulfillitsobligationtopayapropertymanagementfee,principalmaintenancefee,andelectricityfeetotalingRMB696,033.73.On1September2022,XuanshengappealedtotheShenzhenLuohuDistrictPeople’sCourt.Asof31December2022,JinhailianexpectstopayRMB766,612.52(including:propertymanagementfee,principalmaintenancefee,andelectricityfeetotalingRMB696,033.73andoverdueinterestofRMB70,578.79).On12January2023,thePeople’sCourtofLuohuDistrict,Shenzhen,issuedajudgmentoffirstinstance,whichruledthatShenzhenJinhailianPropertyManagementCo.,Ltd.shallpayShenzhenXuanshengIndustrialDevelopmentCo.,Ltd.atotalofRMB696,033.73forapropertymanagementfee,principalmaintenancefee,andelectricityfeefortheperiodfrom1July2017to31December2019,andinterestforlatepayment.Jinhailianappealedagainsttheresultofthefirsttrial,pendingthesecondtrial.
(5)OthersAsarealestatedeveloper,theCompanyprovidesmortgageloanguaranteesandpaysloandepositsforcommercialhousingpurchasersaccordingtotheoperationpracticeoftherealestateindustry.By31December,2022,thebalanceofthedepositnotdischargedwithguaranteewasRMB1,131,041.58,whichwouldbedischargedwhenthemortgageloansarepaidoff.
(2)ExplanationshallbegivenevenifthereisnosignificantcontingencyfortheCompanytodisclose
TherewasnosignificantcontingencyintheCompanytodisclose.
3.Others
XV.EventsafterBalanceSheetDate
1.SignificantNon-adjustmentMatters
Unit:RMB
| Item | Contents | Influencenumbertothefinancialpositionandoperatingresults | Reasonofinabilitytoestimateinfluencenumber |
2.DistributionofProfit
Unit:RMB
| Profitordividendtobedistributed | 215,148,452.21 |
| Profitordividendannouncedtoissueafterreviewandapproval | 215,148,452.21 |
3.SalesReturn
4.NotestoOtherEventsafterBalanceSheetDate
(I)DistributionofprofitafterthebalancesheetdateOn24March2023,the17thmeetingofthe10thBoardofDirectorsoftheCompanyapprovedtheprofitdistributionplanfor2022asfollows:acashdividendofRMB3.61(taxincluded)forevery10sharesaretobepaidtoallshareholdersonthebasisof595,979,092sharesintotalattheendof2022.ThetotalcashdividendswillbeRMB215,148,452.21,andtheremainingundistributedprofitswillbecarriedforwardtothenextyear.TheplanwillbeimplementedafterapprovalbytheShareholders'Meeting.(II)Mattersonapplicationforcomprehensivecreditlineandfinancinglinein2023On24March2023,the17thmeetingofthe10thBoardofDirectorsoftheCompanyapprovedtheCompany'splantoapplyforcomprehensivecreditlineandfinancingline.Withthecapitalneedsforproduction,businessoperationandinvestmentexpansionin2023,theCompanyplanstoapplyforcomprehensivecreditfinancinglinetovariousfinancialinstitutionsbyvirtueofitsownlanduserights,buildings,equipment,inventory,rightstoearnings,andpledgeofaccountsreceivable.ThetotalamountoftheabovequotawillnotexceedRMB6.8billion(includingnew,extendedandrenewedloans),whichshallbeusedforfinancingbusinessesincludingbutnotlimitedtoimmediatefundloans,projectloans,fixedassetloans,annexationloans,guarantee,financialleasingandfinancingafter-salesrepurchase.Theactualcreditandfinancingtypes,amounts,terms,interestratesandfeesareultimatelysubjectedtothefinancinglineactuallyapprovedbythefinancinginstitutions,orsubjectedtothefinancingagreementsactuallysigned.XVI.OtherSignificantEvents
1.TheAccountingErrorsCorrectioninPreviousPeriod
(1)RetrospectiveRestatement
Unit:RMB
| Content | Processingprogram | Nameoftheinfluencedreportitemsduringcomparisonperiod | Accumulativeimpact |
(2)ProspectiveApplication
| Content | Processingprogram | Reasonforadoptingprospectiveapplication |
2.DebtRestructuring
3.AssetsReplacement
(1)Non-monetaryAssetsExchange
(2)OtherAssetsReplacement
4.PensionPlans
5.DiscontinuedOperations
Unit:RMB
| Item | Revenue | Costs | Totalprofit | Incometaxexpense | Netprofit | ProfitfromdiscontinuedoperationsattributabletoownersoftheCompanyastheparent |
Othernotes:
6.SegmentInformation
(1)DeterminationBasisandAccountingPoliciesofReportableSegmentInaccordancewiththeinternalorganizationstructure,managementrequirementsandinternalreportsystem,theCompanyidentifiesthereportablesegmentbasedonthebusinesssegment,andassessestheoperationalperformanceofrealestatesales,propertymanagementandcateringservice.Theassetsandliabilitiessharingwithothersegmentsshallbeproportionallydistributedamongsegmentsbyscales.
(2)TheFinancialInformationofReportableSegment
Unit:RMB
| Item | Realestate | Propertymanagement | Leasingbusiness | Offsetamongsegment | Total |
| Operatingrevenue | 1,913,674,526.31 | 1,666,961,878.32 | 128,032,642.22 | 3,708,669,046.85 | |
| Operatingcost | 433,443,568.87 | 1,441,477,771.44 | 103,856,280.91 | 1,978,777,621.22 | |
| Totalassets | 13,547,537,679.90 | 1,749,638,234.25 | 503,111,696.25 | 15,800,287,610.40 | |
| Totalliabilities | 9,731,844,737.86 | 1,389,199,802.72 | 210,431,999.39 | 11,331,476,539.97 |
(3)IfthereWasnoReportableSegment,ortheTotalAmountofAssetsandLiabilitiesofEachReportableSegmentCouldnotBeReported,RelevantReasonsShallBeClearlyStated
(4)Othernotes
7.OtherSignificantTransactionsandEventswithInfluenceonInvestors’Decision-making
8.Other
XVII.NotesofMainItemsintheFinancialStatementsoftheCompanyastheParent
1.AccountsReceivable
(1)ListedbyCategory
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| AccountsreceivablewithdrawalofBaddebtprovisionseparatelyaccrued | 96,702,269.40 | 94.67% | 96,702,269.40 | 100.00% | 0.00 | 96,702,269.40 | 97.65% | 96,702,269.40 | 100.00% | 0.00 |
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionofbygroup | 5,447,776.99 | 5.33% | 310,734.28 | 5.70% | 5,137,042.71 | 2,324,735.49 | 2.35% | 100,760.83 | 4.33% | 2,223,974.66 |
| Ofwhich: | ||||||||||
| Total | 102,150,046.39 | 100.00% | 97,013,003.68 | 94.97% | 5,137,042.71 | 99,027,004.89 | 100.00% | 96,803,030.23 | 97.75% | 2,223,974.66 |
Baddebtprovisionseparatelyaccrued:RMB96,702,269.40
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 93,811,328.05 | 100.00% | Involvedinlawsuitandunrecoverable |
| 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 | ||
Baddebtprovisionaccruedbyitem:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
Baddebtprovisionaccruedbyitem:
Unit:RMB
| Name | Endingbalance | |||
| Carryingamount | Baddebtprovision | Withdrawalproportion | Reasonforwithdraw | |
Withdrawalofbaddebtprovisionbygroup:RMB310,734.28
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 5,447,776.99 | 310,734.28 | 5.70% |
| Total | 5,447,776.99 | 310,734.28 | |
Notestothedeterminationbasisforthegroup:
Withdrawalofbaddebtprovisionbygroup:RMB310,734.28
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Within1year(including1year) | 4,013,380.50 | 120,401.42 | 3.00% |
| 1-2years(including2years) | 1,312,285.45 | 131,228.55 | 10.00% |
| 2-3years(including3years) | 9,756.09 | 2,926.83 | 30.00% |
| 3-4years(including4years) | 112,354.95 | 56,177.48 | 50.00% |
| Total | 5,447,776.99 | 310,734.28 | |
Notestothedeterminationbasisforthegroup:
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable.
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingamount |
| Within1year(including1year) | 4,013,380.50 |
| 1to2years | 1,312,285.45 |
| 2to3years | 9,756.09 |
| Over3years | 96,814,624.35 |
| 3to4years | 112,354.95 |
| Over5years | 96,702,269.40 |
| Total | 102,150,046.39 |
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Baddebtprovisionaccruedbyitem | 96,702,269.40 | 96,702,269.40 | ||||
| Withdrawalofbaddebtprovisionbygroup | 100,760.83 | 209,973.45 | 310,734.28 | |||
| Total | 96,803,030.23 | 209,973.45 | 97,013,003.68 |
Ofwhichsignificantamountofrecoveredortransferred-backbaddebtprovisionforthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Wayofrecovery |
(3)AccountsReceivableWritten-offinCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantaccountsreceivable:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestoverificationofaccountsreceivable:
(4)Top5oftheEndingBalanceoftheAccountsReceivableCollectedaccordingtoArrearsParty
Unit:RMB
| Nameoftheentity | Endingbalance | Proportiontototalendingbalanceofaccountsreceivable | Endingbalanceofbaddebtprovision |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 91.84% | 93,811,328.05 |
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2.78% | 2,836,561.00 |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 2,000,000.00 | 1.96% | 60,000.00 |
| ShenzhenFeihuangIndustrialCo.,Ltd. | 769,919.05 | 0.75% | 76,991.91 |
| ShenzhenMeigeXiaziCateringManagementCo.,Ltd. | 542,366.40 | 0.53% | 54,236.64 |
| Total | 99,960,174.50 | 97.86% |
(5)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivableOthernotes:
(6)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
2.OtherReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Dividendreceivable | 151,433,108.41 | |
| Otherreceivables | 5,010,963,761.04 | 2,412,506,681.28 |
| Total | 5,162,396,869.45 | 2,412,506,681.28 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
2)SignificantOverdueInterest
Unit:RMB
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)WithdrawalofBadDebtProvision
□Applicable?Notapplicable
(2)DividendReceivable
1)CategoryofDividendReceivable
Unit:RMB
| Project(orinvestee) | Endingbalance | Beginningbalance |
| SZPRDUrbanRenewalCo.,Ltd. | 151,433,108.41 | |
| Total | 151,433,108.41 |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Project(orinvestee) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentanditsjudgmentbasis |
3)WithdrawalofBadDebtProvision
□Applicable?NotapplicableOthernotes:
(3)OtherReceivables
1)CategoryofOtherReceivablesbyAccountNature
Unit:RMB
| Nature | Endingcarryingamount | Beginningcarryingamount |
| Guaranteeddeposit | 2,537,789.00 | 2,328,581.00 |
| Paymentonbehalf | ||
| Externalintercoursefunds | 23,374,171.34 | 56,305,486.73 |
| Intercoursefundstosubsidiary | 5,017,542,623.59 | 2,386,210,528.77 |
| Total | 5,043,454,583.93 | 2,444,844,596.50 |
2)WithdrawalofBadDebtProvision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnot | Expectedlossintheduration(creditimpairment |
| occurred) | occurred) | |||
| Balanceof1January2022, | 8,844,588.14 | 23,493,327.08 | 32,337,915.22 | |
| Balanceof1January2022inthecurrentperiod | ||||
| Withdrawalofthecurrentperiod | 152,907.67 | 152,907.67 | ||
| Balanceasat31December2022 | 8,997,495.81 | 23,493,327.08 | 32,490,822.89 |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Carryingamount |
| Within1year(including1year) | 5,011,106,446.45 |
| 1to2years | 51,049.05 |
| 2to3years | 69,600.00 |
| Over3years | 32,227,488.43 |
| 4to5years | 50,000.00 |
| Over5years | 32,177,488.43 |
| Total | 5,043,454,583.93 |
3)BadDebtProvisionWithdrawn,ReversedorRecoveredintheCurrentPeriodWithdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Otherreceivables | 32,337,915.22 | 152,907.67 | 32,490,822.89 | |||
| Total | 32,337,915.22 | 152,907.67 | 32,490,822.89 | |||
Ofwhichthebaddebtprovisionrecoveredortransferred-backwithsignificantamountduringthecurrentperiod:
Unit:RMB
| Nameoftheentity | Amountreversedorrecovered | Wayofrecovery |
4)ParticularsoftheActualVerificationofOtherReceivablesduringtheCurrentPeriod
Unit:RMB
| Item | Written-offamount |
Ofwhichtheverificationofsignificantotherreceivables:
Unit:RMB
| Nameoftheentity | Nature | Written-offamount | Reasonforverification | Verificationproceduresperformed | Whetheroccurredbecauseofrelated-partytransactions |
Notestotheverificationofotherreceivables:
5)Top5oftheEndingBalanceofOtherReceivablesCollectedaccordingtotheArrearsParty
Unit:RMB
| Nameoftheentity | Nature | Endingbalance | Aging | Proportiontototalendingbalanceofotherreceivables% | Endingbalanceofbaddebtprovision |
| DongguanWuheRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 2,113,760,170.00 | Within1year | 41.91% | |
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 1,621,000,000.00 | Within1year | 32.14% | |
| YangzhouWuheRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 640,578,418.90 | Within1year | 12.70% | |
| ShenzhenHuangchengRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 460,533,918.98 | Within1year | 9.13% | |
| ShumYipPropertiesDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 109,666,108.82 | Over5years | 2.17% | 7,110,900.41 |
| Total | 4,945,538,616.70 | 98.05% | 7,110,900.41 |
6)AccountsReceivableInvolvingGovernmentSubsidies
Unit:RMB
| Nameoftheentity | Projectofgovernmentsubsidies | Endingbalance | Endingaging | Estimatedrecoveringtime,amountandbasis |
7)DerecognitionofOtherReceivablesduetotheTransferofFinancialAssets
8)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofOtherReceivablesOthernotes:
3.Long-termEquityInvestment
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
| Investmenttosubsidiaries | 1,436,329,880.39 | 68,364,000.00 | 1,367,965,880.39 | 1,127,829,880.39 | 68,364,000.00 | 1,059,465,880.39 |
| Investmenttojointventuresandassociatedenterprises | 98,765,051.45 | 18,983,614.14 | 79,781,437.31 | 69,344,295.51 | 18,983,614.14 | 50,360,681.37 |
| Total | 1,535,094,931.84 | 87,347,614.14 | 1,447,747,317.70 | 1,197,174,175.90 | 87,347,614.14 | 1,109,826,561.76 |
(1)InvestmenttoSubsidiaries
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decreaseforthecurrentperiod | Endingbalance(Carryingvalue) | Endingbalanceofdepreciationreserve | |||
| Additionalinvestment | Reducedinvestment | Withdrawalofimpairmentprovision | Others | ||||
| ShenzhenHuangchengReal | 35,552,671.93 | 35,552,671.93 | |||||
| EstateCo.,Ltd. | |||||||
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | 44,950,000.00 | 44,950,000.00 | |||||
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. | 20,000,000.00 | 20,000,000.00 | |||||
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | 195,337,851.23 | 195,337,851.23 | |||||
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | 3,000,000.00 | 3,000,000.00 | |||||
| SZPRDCommercialOperationCo.,Ltd. | 63,509,120.32 | 63,509,120.32 | |||||
| ZhanjiangShenzhenRealEstateDevelopmentCo.,Ltd. | 2,530,000.00 | ||||||
| ShumYipPropertiesDevelopmentCo.,Ltd. | 15,834,000.00 | ||||||
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | ||||||
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 508,000,000.00 | 508,000,000.00 | |||||
| ShenzhenITCTechnologyParkServiceCo.,Ltd. | |||||||
| SZPRDUrbanRenewalCo.,Ltd. | 119,116,236.91 | 41,641,757.62 | 77,474,479.29 | ||||
| DongguanWuheRealEstateCo.,Ltd. | 20,000,000.00 | 30,000,000.00 | 50,000,000.00 | ||||
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| ShenzhenWuheUrbanRenewalCo.,Ltd. | 236,641,757.62 | 236,641,757.62 | |||||
| YangzhouWuheRealEstateCo.,Ltd. | 33,500,000.00 | 33,500,000.00 | |||||
| Total | 1,059,465,880.39 | 350,141,757.62 | 41,641,757.62 | 0.00 | 0.00 | 1,367,965,880.39 | 68,364,000.00 |
(2)InvestmenttoJointVenturesandAssociatedEnterprises
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decreaseforthecurrentperiod | Endingbalance(Carryingvalue) | Endingbalanceofdepreciationreserve | |||||||
| Additionalinvestment | Reducedinvestment | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Changesofotherequity | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | ||||
| I.Jointventures | |||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 43,516,665.12 | 1,213,920.18 | 44,730,585.30 | ||||||||
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 6,844,016.25 | 193,936.05 | 7,037,952.30 | ||||||||
| Subtotal | 50,360,681.37 | 1,407,856.23 | 51,768,537.60 | ||||||||
| II.Associatedenterprises | |||||||||||
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 18,983,614.14 | ||||||||||
| CSCECIntelligentParkingTechnologyCo., | 27,380,294.13 | 632,605.58 | 28,012,899.71 | ||||||||
| Ltd. | |||||||
| Subtotal | 27,380,294.13 | 632,605.58 | 28,012,899.71 | 18,983,614.14 | |||
| Total | 50,360,681.37 | 27,380,294.13 | 2,040,461.81 | 79,781,437.31 | 18,983,614.14 |
(3)OtherNotes
4.OperatingRevenueandCostofSales
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Principalbusiness | 56,064,949.33 | 43,679,264.65 | 61,784,858.02 | 37,251,974.27 |
| Others | 19,421,465.41 | 1,319,976.00 | 18,744,743.91 | 1,319,976.00 |
| Total | 75,486,414.74 | 44,999,240.65 | 80,529,601.93 | 38,571,950.27 |
Relevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Productcategories | 75,486,414.74 | 75,486,414.74 | ||
| Ofwhich: | ||||
| Houseleasingbusiness | 75,486,414.74 | 75,486,414.74 | ||
| Classificationbyoperatingregion | 75,486,414.74 | 75,486,414.74 | ||
| Ofwhich: | ||||
| Shenzhen | 75,486,414.74 | 75,486,414.74 | ||
| Marketorcustomertype | ||||
| Ofwhich: |
Contracttype
| Contracttype |
| Ofwhich: |
Classificationbytimeofcommoditytransfer
| Classificationbytimeofcommoditytransfer |
| Ofwhich: |
Classificationbycontractterm
| Classificationbycontractterm |
| Ofwhich: |
Classificationbysaleschannel
| Classificationbysaleschannel |
| Ofwhich: |
Total
| Total | 75,486,414.74 | 75,486,414.74 |
Informationaboutperformanceobligations:
Theincomeoftheparentcompanyincurrentperiodwasallincomefromleasingbusiness.Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
Theamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyet
wasRMB840,878,470.63attheperiod-end,amongwhichRMB840,878,470.63wasexpectedtoberecognizedin2023.Othernotes:
5.InvestmentIncome
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbycostmethod | 151,433,108.41 | |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 2,040,461.81 | 4,650,460.58 |
| Entrustedloansinterest | 159,934,119.41 | 129,717,557.63 |
| Total | 313,407,689.63 | 134,368,018.21 |
6.Other
XVIII.SupplementaryMaterials
1.ItemsandAmountsofNon-recurringProfitorLoss?Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gains/lossesfromthedisposalofnon-currentassets | 175,644,543.02 | Mainlyreceivedcompensationforlandresumption |
| Governmentgrantsrecordedinthecurrentprofitorloss(exceptforthoseacquiredintheordinarycourseofcompany’sbusiness,inlinewithnationalpoliciesandregulations,orgrantedcontinuouslyaccordingtocertainstandardquotasoramounts) | 10,633,227.34 | |
| Dispossessionsurchargetonon-financialinstitutionsincludedinthecurrentprofitandloss | 132,289.35 | |
| Netprofitorlossfortheperiodfromthebeginningoftheperiodtothedateofconsolidationofasubsidiaryarisingfromabusinesscombinationundercommoncontrol | 9,596,148.16 | |
| Gainsandlossesarisingfromcontingenciesunrelatedtothenormaloperationofthecompany’sbusiness | 70,578.79 | |
| Gain/lossfromchangeoffairvalueoftradingfinancialassetsandliabilities,andinvestmentgainsfromdisposaloftradingfinancialassetsandliabilitiesaswellasfinancialassetsavailableforsale,otherthanvalidhedgingrelatedtotheCompany’scommonbusinesses | 1,300.91 | |
| Othernon-operatingincomeandexpenseotherthantheabove | 2,448,235.99 | |
| Otherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlosses | 277,896.27 | |
| Less:Incometaxeffects | 51,525,180.31 |
| Non-controllinginterestseffects | 54,953.47 | |
| Total | 147,224,086.05 | -- |
Detailsofotherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlosses:
□Applicable?NotapplicableTherearenootherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlossesintheCompany.Notetodefiningthenon-recurringprofitandlossitemslistedintheExplanatoryNoticeofInformationDisclosurebyCompaniesOfferingSecuritiestothePublicNo.1-Non-recurringProfitandLossItemsasrecurringprofitandlossitems
□Applicable?Notapplicable
2.ReturnonEquityandEarningsPerShare
| Profitasofreportingperiod | WeightedaverageROE(%) | EPS | |
| EPS-basic | EPS-diluted | ||
| NetprofitattributabletoordinaryshareholdersoftheCompany | 12.37% | 0.9022 | 0.9022 |
| NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitorloss | 9.01% | 0.6551 | 0.6551 |
3.AccountingDataDifferencesunderPRCGAAPandThoseunderIFRSs
(1)DifferencesbetweenDisclosedNetProfitsandNetAssetsinFinancialReportinaccordancewithInternationalAccountingStandardsandChineseAccountingStandards
□Applicable?Notapplicable
(2)DifferencesbetweenDisclosedNetProfitsandNetAssetsinFinancialReportinaccordancewithDomesticAccountingStandardsandChineseAccountingStandards
□Applicable?Notapplicable
(3)ExplainReasonsfortheDifferencesbetweenAccountingDataUnderDomesticandOverseasAccountingStandards;forAnyAdjustmentMadetotheDifferenceExistingintheDataAuditedbytheForeignAuditingAgent,SuchForeignAuditingAgent’sNameShallBeClearlyStated.
4.Others