SHENZHENPROPERTIES&RESOURCESDEVELOPMENT(GROUP)LTD.
INTERIMREPORT2023（AnnouncementNo.2023-16）
August2023
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.TheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.ThisReportanditssummaryhavebeenpreparedinbothChineseandEnglish.Shouldtherebeanydiscrepanciesormisunderstandingsbetweenthetwoversions,theChineseversionsshallprevail.
TableofContents
PartIImportantNotes,TableofContentsandDefinitions ...... 2
PartIICorporateInformationandKeyFinancialInformation ...... 6
PartIIIManagementDiscussionandAnalysis ...... 9
PartIVCorporateGovernance ...... 27
PartVEnvironmentalandSocialResponsibility ...... 29
PartVISignificantEvents ...... 31
PartVIIShareChangesandShareholderInformation ...... 41
PartVIIIPreferredShares ...... 45
PartIXBonds ...... 46
PartXFinancialStatements ...... 47
DocumentsAvailableforReference
I.ThefinancialstatementswiththesignaturesandstampsoftheCompany’slegalrepresentative,headoffinancialaffairsandheadofthefinancialdepartment;andII.TheoriginalsofalltheCompany’sdocumentsandannouncementsdisclosedtothepublicvianewspapersdesignatedbytheCSRCintheReportingPeriod.
Definitions
| Term | Definition |
| The“Company”,the“Group”,“SZPRD”or“we” | ShenZhenProperties&ResourcesDevelopment(Group)Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires |
| SIHC | ShenzhenInvestmentHoldingsCo.,Ltd. |
| HuangchengRealEstate | ShenzhenHuangchengRealEstateCo.,Ltd. |
| DongguanCompany | DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. |
| XuzhouCompany | SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. |
| YangzhouCompany | SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. |
| Jinghengtai | ShenzhenJinghengtaiRealEstateDevelopmentCo.,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. |
| UrbanRenewalCompany | ShenzhenWuheUrbanRenewalCo.,Ltd. |
| ShenzhenPropertyManagement | ShenzhenPropertyManagementCo.,Ltd. |
| ForeignTradePropertyManagement | ShenzhenForeignTradePropertyManagementCo.,Ltd. |
| ShenfubaoPropertyDevelopment | ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd. |
| HydropowerCompany | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. |
| SecurityServiceCompany | ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. |
| FMC | ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. |
| RMB,RMB’0,000,RMB’00,000,000 | ExpressedintheChinesecurrencyofRenminbi,expressedintensofthousandsofRenminbi,expressedinhundredsofmillionsofRenminbi |
PartIICorporateInformationandKeyFinancialInformationICorporateInformation
| Stockname | PRD,PRD-B | Stockcode | 000011,200011 |
| Changedstockname(ifany) | N/A | ||
| Stockexchangeforstocklisting | ShenzhenStockExchange | ||
| CompanynameinChinese | 深圳市物业发展(集团)股份有限公司 | ||
| Abbr.(ifany) | 深物业集团 | ||
| CompanynameinEnglish(ifany) | ShenZhenProperties&ResourcesDevelopment(Group)Ltd. | ||
| Abbr.(ifany) | SZPRD | ||
| Legalrepresentative | LiuShengxiang | ||
IIContactInformation
| BoardSecretary | SecuritiesRepresentative | |
| Name | ZhangGejian | DingMinghuaandChenQianying |
| Address | 20/F,InternationalTradeCenter,RenminSouthRoad,LuohuDistrict,Shenzhen,GuangdongProvince,P.R.China | 39/F,InternationalTradeCenter,RenminSouthRoad,LuohuDistrict,Shenzhen,GuangdongProvince,P.R.China |
| Tel. | 0755-82211020 | 0755-82211020 |
| Fax | 0755-82210610,82212043 | 0755-82210610,82212043 |
| Emailaddress | 000011touzizhe@szwuye.com.cn | 000011touzizhe@szwuye.com.cn |
IIIOtherInformation
1.ContactInformationoftheCompanyIndicatebytickmarkwhetheranychangeoccurredtotheregisteredaddress,officeaddressandtheirzipcodes,websiteaddress,emailaddressandothercontactinformationoftheCompanyintheReportingPeriod.
□Applicable?NotapplicableNochangeoccurredtothesaidinformationintheReportingPeriod,whichcanbefoundinthe2022AnnualReport.
2.MediaforInformationDisclosureandPlacewherethisReportisKeptIndicatebytickmarkwhetheranychangeoccurredtotheinformationdisclosuremediaandtheplaceforkeepingtheCompany’speriodicreportsintheReportingPeriod.
□Applicable?NotapplicableThewebsiteofthestockexchange,mediaandotherwebsiteswheretheCompany’speriodicreportsaredisclosed,aswellastheplaceforkeepingsuchreportsdidnotchangeintheReportingPeriod.Thesaidinformationcanbefoundinthe2022AnnualReport.
3.OtherInformationIndicatebytickmarkwhetheranychangeoccurredtootherinformationintheReportingPeriod.
□Applicable?NotapplicableIVKeyFinancialInformation
Indicatebytickmarkwhetherthereisanyretrospectivelyrestateddatuminthetablebelow.
□Yes?No
| H12023 | H12022 | Change(%) | |
| Operatingrevenue(RMB) | 1,905,464,632.85 | 1,988,299,840.24 | -4.17% |
| Netprofitattributabletothelistedcompany’sshareholders(RMB) | 220,903,444.63 | 250,802,157.71 | -11.92% |
| Netprofitattributabletothelistedcompany’sshareholdersbeforeexceptionalgainsandlosses(RMB) | 220,844,711.14 | 256,650,611.05 | -13.95% |
| Netcashgeneratedfrom/usedinoperatingactivities(RMB) | -580,021,658.15 | -395,994,231.09 | -46.47% |
| Basicearningspershare(RMB/share) | 0.3707 | 0.4208 | -11.91% |
| Dilutedearningspershare(RMB/share) | 0.3707 | 0.4208 | -11.91% |
| Weightedaveragereturnonequity(%) | 4.92% | 5.40% | -0.48% |
| 30June2023 | 31December2022 | Change(%) | |
| Totalassets(RMB) | 15,499,537,209.75 | 15,800,287,610.40 | -1.90% |
| Equityattributabletothelistedcompany’sshareholders(RMB) | 4,418,069,737.97 | 4,412,555,547.97 | 0.12% |
VAccountingDataDifferencesunderChina’sAccountingStandardsforBusinessEnterprises(CAS)andInternationalFinancialReportingStandards(IFRS)andForeignAccountingStandards
1.NetProfitandEquityDifferencesunderCASandIFRS
□Applicable?NotapplicableNosuchdifferencesfortheReportingPeriod.
2.NetProfitandEquityDifferencesunderCASandForeignAccountingStandards
□Applicable?NotapplicableNosuchdifferencesfortheReportingPeriod.
VIExceptionalGainsandLosses?Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gainorlossondisposalofnon-currentassets(inclusiveofimpairmentallowancewrite-offs) | 174,379.69 | |
| Governmentsubsidiesthroughprofitorloss(exclusiveofgovernmentsubsidiesconsistentlygivenintheCompany’sordinarycourseofbusinessatfixedquotasoramountsaspergovernmentalpoliciesorstandards) | 501,658.00 | |
| Non-operatingincomeandexpenseotherthantheabove | -562,616.42 | |
| Less:Incometaxeffects | 31,670.01 | |
| Non-controllinginterestseffects(netoftax) | 23,017.77 | |
| Total | 58,733.49 |
Particularsaboutothergainsandlossesthatmeetthedefinitionofexceptionalgain/loss:
□Applicable?NotapplicableNosuchcasesfortheReportingPeriod.ExplanationofwhytheCompanyreclassifiesasrecurrentanexceptionalgain/lossitemlistedintheExplanatoryAnnouncementNo.1onInformationDisclosureforCompaniesOfferingTheirSecuritiestothePublic—ExceptionalGain/LossItems:
□Applicable?NotapplicableNosuchcasesfortheReportingPeriod.
PartIIIManagementDiscussionandAnalysis
IPrincipalActivityoftheCompanyintheReportingPeriod
(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".2023isanewstartingpointfortheGroupuponfourdecadesofdevelopment.DuringtheReportingPeriod,theCompanycontinuedtomakeeffortsinfourbusinesssectors,includingindustry-cityspacedevelopment,propertymanagementservices,industrialecosystemoperation,andmainbusinessecosysteminvestmentinitsmainbusiness.Also,itcontinuedtoworkon“fastergrowth,betteroperatingperformance,empowerment,andeffectiveness”,withsmoothandorderlyprogressinvariousaspects.Meanwhile,theCompanyendeavoredtofurtherconsolidateandhighlighttheadvantagesofindustry-cityintegrationandthewholeindustrialchainwithrespecttoitsproductsandservices.
1.Industrial&urbanspacedevelopmentIntermsofthespacedevelopmentsegment,theCompanyisspecializedindevelopingtheresidence,thehi-endapartment,theofficebuilding,andtheindustrialparkandhasdevelopedabatchofbrandprojects,includingShenzhenInternationalTradeCenterBuilding,HuanggangPort,Tian'anInternationalBuilding,QianhaiGangwanGarden,andGoldenCollarHoliday.Basedonitspresentrealestatedevelopmentbusiness,theCompanywillimproveitsexistingportfolioandplanfornewbusinesses.Itwillengageanumberofsubsidiariesinpropertydevelopmentandurbanrenewals,includingHuangchengRealEstate,RongyaoRealEstate,andtheUrbanRenewalCompany,strengthencapitaloperationviathelistingplatform,andmakeareasonablelayoutofthecityspacedevelopmentsegment.IntheReportingPeriod,SZPRDmadegreatereffortsforlandacquisitioninthissegment.Forinstance,itsteadilyadvancedthedevelopmentprojectsinsideandoutsideShenzhen,acceleratedthesalesofprojectsandspedupcashinflow.Moreover,itfocusedonthedevelopmentandconstructionofindustry-citycomplexesandacceleratedtocreateanintegratedandco-existingmodelforthedevelopmentofboutiqueurbanresidencesandhigh-endindustryspace.
2.PropertymanagementservicesTheCompany'spropertymanagementsegmenttakesITCPropertyManagementasitsplatform.AsChina’sfirstbatchoffirst-classqualifiedenterprisesinpropertymanagement,ITCPropertyManagement,aftermorethan30yearsofdevelopment,hasbecomeadomesticfirst-classpropertyserviceproviderwithdiversifiedbusinesscapabilitiesandtechnologicalstrength,andhasbeenawarded"Top100NationalPropertyManagementEnterprises"and"ExcellentEnterpriseofPropertyManagementinChina'sIndustrial
Parks"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".Thetotalmanagedpropertieshaveexceeded35millionsquaremeters,ofwhichthemanagedindustrialparkssurpassing10millionsquaremeters.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.ThecateringserviceisoperatedbyShenzhenGuomaoCateringCo.,Ltd.GuomaoCateringCo.,Ltd.,establishedin1986,becamefamousathomeandabroad,asitwastheplacewherePresidentDengXiaopinggavetalksduringhisinspectiontothesouthin1992.Sinceitsestablishment,ithasreceivedmorethan600countryleaders,famouspeople,andnumerousdomesticandoverseasguests,withitsreputationspreadingallovertheworld.TheprojectsupervisionserviceishandledbythesubordinatedsupervisioncompanyoftheGroup.ThecompanyhastheGradeAsupervisionqualificationofbuildingworksoftheMinistryofHousingandUrban-RuralDevelopment(MOHURD).ItwasoriginallyknownasShenzhenPropertyEngineeringManagementDepartment,andtakespartintheconstructionandmanagementworkofShenzhenInternationalTradeCenterBuilding.Itisawitnessofthewholeprocessof"Shenzhenspeed",andmainlyservesforthedevelopmentprojectoftheGroup.TheCompanyissubjecttotheinformationdisclosurerequirementsfortherealestateindustryintheSelf-DisciplinaryandRegulatoryGuidelineNo.3oftheShenzhenStockExchangeforListedCompanies—Industry-specificInformationDisclosure.(II)IndustryReview
1.RealestateindustryInthefirsthalfof2023,themacro-economicoperationcontinuedthedevelopmenttrendofoverallstabilityandsteadyprogress.Astheeconomyandsocietyfullyreturnedtonormal,macropoliciestookeffect,andthenationaleconomyreboundedwithhigh-qualitydevelopmentbeingboostedsteadily.Since2021,realestateregulationhasmaintainedtheorientationthat"housesareforlivingin,notforspeculation",andclearlyupheldtheprinciplesof"implementingcity-specificpolicies"and"supportingpeople's
demandforhousingimprovement".Therealestatepoliciesasawholecontinuedtopresentalooselandscapethathadexistedsincetheendoflastyear,andadheredtothesynergyoffiveendeavours,i.e.,boostingdemands,preventingrisks,guaranteeingpeople'slivelihood,transformingdevelopmentpatternsandstandardisingadministration.InJanuary,thePeople'sBankofChina(PBC)andtheChinaBankingandInsuranceRegulatoryCommission(CBIRC)announcedadecisiontoestablishadynamicadjustmentmechanismforfirst-homeloanratepolicy.Accordingtothemechanism,prescribedminimumfirst-homeloanratecanbefurtherloweredtemporarilyifthepriceofnewhomesplungesforthreemonthsinarow.Inaddition,CBIRCmadeaproposalduringtheworkmeetingfortheyear2023toadheretotheorientationthat"housesareforlivingin,notforspeculation",implementthemeasuresof"16ArticlesconcerningFinance",upholdtheprincipleof"implementingcity-specificpolicies"andadoptdifferentiatedcreditpolicies,andendeavourtofacilitatethenormalcirculationoffinanceandrealestate.InFebruary,ChinaSecuritiesRegulatoryCommission(CSRC)startedthepilotprojectofprivatelyofferedfundforrealasset.Undertheexistingframeworkofprivatelyequityfund,CSRCprovided"privatelyofferedfundforrealasset"asanewcategoryandtookdifferentiatedpoliciesofregulationinexpectationtofurtherleveragetheadvantagesofprivatelyofferedfundindiversifiedassetallocationandprofessionalinvestmentoperation,thusmeetingrationalfinancingdemandsinrealasset.Duringtheregularmeetingofthefirstquarterin2023,theMonetaryPolicyCommitteeofPBCproposedonceagainthatallworkrelatedtocompletionguarantee,guaranteeingpeople'slivelihoodandguaranteeingstabilityshouldbeadvancedsoundly,city-specificpoliciesshouldbeimplementedtoboostrigidandimprovedhousingdemand,theimprovementoffinancialpoliciessystemforhousingleaseshouldbespedup,andthesectorofrealestateshouldbeadvancedsteadilytowardanewdevelopmentpattern.InMay,PBCreleasedtheChinaMonetaryPolicyReportQ1andproposedthatM&Aacrossthesectorofrealestateshouldbepromotedtopreventandresolvetherisksfacedbyhigh-qualityleadingrealestatecompanieseffectively,andthestatusquooftheirassetsandliabilitiesshouldbeimprovedtoadvancetheimplementationofthere-lendingdedicatedtoeasingthecompanies'difficultiesandthesupportingplansforhousingleaseloan.Fromtheregionalmarket,inthefirsthalfof2023,theregulatorypoliciesfortherealestatemarketinShenzhenremainedprudent.InJanuary,HousingandConstructionBureauofShenzhenMunicipalityandotherfivedepartmentsjointlyreleasedtheSchemeforExtensiveAdoptionoftheModelFeaturing"OwnershipTransferwithCollateral"ofSecond-handHousesinShenzhenCitytopopularisethemodelandreducetransactioncosts.InMarch,HousingandConstructionBureauofShenzhenMunicipalityreleasedtheRegulationsfortheAdministrationofHousingFundLoaninShenzhenCityandproposedthatmoreeffortsshouldbemadetosupportthepurchaseofhousesforfirst-timebuyers,familieswithseveralchildren,greenbuildingbuyers,etc.inhousingfundloan.InMay,HousingandConstructionBureauofShenzhenMunicipalityreleasedtheImplementationPlanforHousingDevelopmentinShenzhenin2023(hereafterreferredtoas"theImplementationPlan").AccordingtothegoalsofhousingsupplystipulatedintheImplementationPlan,in2023,thegovernmentofShenzhenCityplanstoprovideandallocate80,000affordablehousescoveringabuildingareaaround4,190,400squaremeters.Thepresalesandcashsalesof60,000commercialhousescoveringabuildingareaof6,000,000squaremetershavebeenapprovedintheImplementationPlan.Inthefirsthalfof2023,withnumerouspositivepolicyincentivessuchasadjustmentofreferencepricepolicy,housingloanratecutandextensiveadoptionofownershiptransferwithcollateral,therealestatemarketweathereditsrecordlowandsteppeduponapathofslowbutsteadyrecovery.Duringtheprocess,thetransfernumberofsecond-handhousesreached16,236,up63%yearonyear.Intermsoflandmarket,inthefirsthalfoftheyear,Shenzhenlaunchedatotalof37landplots,withatotalplannedareaof7,675,600squaremeters,includingsevenresidentiallandplotswithaplannedbuildingareaof755,300squaremeters.Inthefirsthalfoftheyear,thelandauctioninShenzhenevidentlyprovedthatthelocallandmarketwasrecoveringandsurging,andsomeoflocalprivaterealestatecompanieshadovercomethedilemmaandwereregainingtheirvitality,markingtheresurgeofconfidenceintherealestatemarket.Inthefaceofchangesinindustrypoliciesanddevelopmenttrends,mainstreamrealestateenterprisesaregraduallymakingeffortsindiversifiedbusinesslayouts.Atpresent,mainstreamrealestateenterpriseshavealreadyenteredandformedstableindustrypatterninmanyrelevantfieldsotherthanresidentialdevelopmentandsales,suchaspropertymanagement,commercialproperty,long-termrentalandlogisticsrealestate.Additionally,sub-industriessuchaselderlycare,educationandagencyconstructionhavealso
achievedrapiddevelopment.Theindustryhasaccelerateditstransformationfromrealestatetoimmovableproperty,graduallyshiftingfromthescale-drivenadvantageformedbyresidentialdevelopmentandsalestotheintegrationofdevelopment,operationandservice.
2.PropertymanagementindustryInrecentyears,drivenbycontinuedurbanization,consumptionupgradeandencouragingpolicies,andoverlaidwithtechnologicalempowermentandcapitaldividends,thepropertymanagementindustryhasenteredaperiodofrapiddevelopment.In2022,nationalandlocalgovernmentspromulgatednumerouspoliciestoencouragethedevelopmentofcommunityeldercare,childcare,propertymanagement,domesticservices,catering,retailandotherdiversifiedlifeservices.Communityeldercareinparticularwasmentionedformanytimesasabusinessdirectionfacilitatedvigorouslybythepolicies.InMay2023,GeneralOfficeoftheCPCCentralCommitteeandStateCouncilreleasedtheOpinionsonAdvancingtheDevelopmentofBasicElderCareServiceSystem,accordingtowhichprivatesectorsshouldbeencouragedtoparticipateinsupplyofbasiceldercareserviceandenterprisesofpropertymanagementservicesshouldbesupportedinsupplyofhome-basedcommunityeldercareservicesinlightoflocalrealities.Apparently,eldercareremainsapriorityofthepolicies.Communityeldercareasanimportantcomponentofvalue-addedcommunityservicesisbothanopportunityandachallengeforsuppliersofpropertymanagementservices.Scaleandboundaryexpansionremainsthemainthemeinthedevelopmentofthepropertymanagementindustry.FromtheperspectiveofM&Aevents,inthefirstfivemonthsoftheyear,atotalofsixM&Aeventsoflistedrealestatecompaniesweredisclosed,whichinvolvedlessthanRMB400million.Thefiguresmarkedaplungecomparedwiththatofthesameperiodoflastyear.TheM&Acasesoflistedrealestatecompaniesinthefirsthalfof2023occurredmainlytoimproveoperationcapabilityofdiversifiedbusinesspatternsandfacilitatehigh-qualityexpansionofbusinessscale,whichwererational.Intermsofpropertymanagemententerprises,asat30June2023,atotalof64enterpriseswerelisted,including59ontheMainBoardofHongKongandfiveontheA-share,andonelistedcompanywasaddedtothesegmentofpropertymanagementservices.Undertheimpactofchangesinrealestatemarketenvironmentandotherfactors,theexpansionrateofmanagementscaleofthepropertymanagementindustrysloweddown,andhowtoimprovesmartmanagementandforgesmartcommunitiesbecameoneofthemajordevelopmentdirectionsfortheenterprises.Therefore,thepropertymanagemententerprisesshouldenrichtheirknowledgeofthemarketandtheindustryandadjusttheirstrategiesandbusinesspatternspromptlytoadapttochangesinmarketandcustomers'demands.Meanwhile,theyshouldstrengthentheintroductionoftalentsproficientinmanagementandtechnologyandimprovetheirtrainingandmanagementtoenhancetheircorecompetitivenessandinnovationcapability.(III)OperatingPerformanceoftheCompanyintheReportingPeriodIn2023,theCompanycloselyfocusesontheimplementationofthekeyworkdeploymentformulatedatthebeginningoftheyear,withthefirsthalfoftheyearseeingsmoothandorderlyprogressinvariousaspects.TheRealEstateCompanytookexpansionasthegoal,andmadeeffortstoseekabreakthroughinprojectexpansion.ThePropertyManagementCompanytookstrategictransformationastheguidetoenhancetheempowermentvalueandbrandvalue.TheCommercialOperationCompanyaimedatimprovingqualityandefficiency,andcontinuedtoinnovatetheoperationandmanagementmode,andeachbusinesssegmenthasmaintainedastableandhealthydevelopmenttrend.DuringtheReportingPeriod,theCompanyachievedoperatingrevenueofapproximatelyRMB1.9billionandagrossprofitofapproximatelyRMB0.29billion,andallotherindicatorssuchasexpensesandtotalremunerationswereundereffectivecontrol.First,theindustry-cityspacedevelopmentsegmentmaintainedstableperformance,withprojectconstructionbeingactivelypromoted.Inthefirsthalfoftheyear,therealestatebusinessrecordedoperatingrevenueofapproximatelyRMB1.05billion,accountingfor55%ofthetotalrevenue.DuringtheReportingPeriod,therealestatesegmentoftheCompanycontinuedtostrengthenthesynergyofnodaltargetsandresourceguaranteetocoordinatethesalescollectionofrealestateprojectsaswellasdevelopmentandconstructioninacomprehensivemanner.Seizingthetimewindow,theCompanystartedchannelreferralfortheat-the-closeorderofGoldenCollarproject,launchedtheopennessdemonstrationareaofSeaBayproject,andrealisedthemarketingofYutangShangfuprojectsuccessfully.FuchangPhaseIIprojectwascompletedanddeliveredwithrecognisedrevenueofapproximatelyRMB960million,whichlaidasolidfoundationfortheGroup'sfulfilmentofitsannualoperatingindicators.The
announcementontransferofYupinLuanshanprojectisscheduledtobecompletedattheendoftheyear,whichwillvigorouslyfacilitatetheGrouptofulfilitsannualprofittarget.Thescheduleasawholeisinorderandundercontrol,withShenyangDigitalandSmartCityproject,TianjunIndustrialPark,FuyuanIndustrialArea,HuuiyangDanshuiprojectandotherprojectsbeingadvancedsteadily.Second,thepropertymanagementsegmentgrewsteadily,andnumerousmeasuresweretakentoimprovethecorecompetitivenessinpriority.Inthefirsthalfoftheyear,thepropertymanagementbusinessrecordedoperatingrevenueofapproximatelyRMB770million,accountingfor41%ofthetotalrevenue.Withatotalof21expandedprojectsaddedinthepropertymanagementsegment,ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.(ITCPropertyManagement)wasawardednumeroushonoursincluding"Top100ComprehensiveStrengthofChinesePropertyServiceEnterprisesin2022"forsevenyearsinarow,whosebrandinfluencecontinuedtoincrease.Inthefirsthalfoftheyear,ITCPropertyManagementhighlightedinternalconstructionandoptimiseitsorganisationframeworktobuildamorescientificandrationalmanagementsystem;furtherimprovedthesynergyifinternalcomponentsofthesystem,expandedSH-STICOpennessCentreandComprehensiveServiceCentreprojects,incorporatedInternationalTradeIndustrySpaceCompanyinthejointventurewithShenzhenConstructionDevelopment(Group)Company("ShenzhenConstructionDevelopment"),andadvancedbusinessrelatedtoentryandtakeoverofShenzhenConstructionDevelopmentYunqiBuildingandothercomprehensiveprojects;continuedtoadvancetheintegrationoffivepropertymanagemententerprisesrecentlymergedandacquiredintotheGroup,andformulateddevelopmentstrategiesaccordingtotheintegrationthinkingpatternfeaturingprofessionalism,systematicnessandmaximumsynergy.Third,qualityandefficiencywereimprovedandcoreoperatingcapabilitieswerecultivatedfortheindustrialecologicaloperationandothersegments.Inthefirsthalfoftheyear,theleaseoperatingbusinessrecordedoperatingrevenueofapproximatelyRMB80million,accountingfor4%ofthetotalrevenue.Inrecentyears,theCompanyhastakenvariousstepstoaccelerateitstransformationandupgrading,exploredtheestablishmentofanincrementalsharingmechanismandintensifiedprojectexpansion.Besides,coreoperatingcapabilitieswerecultivatedinmultiplepathsandthetransformationofthecurrentsimpleleasingbusinessmodetoacommercialoperationmodewaspromoted,therebyboostingthedevelopmentandgrowthoftheindustrialecologicaloperationsegmentandenhancingtheGroup'slayoutofsuppliersofsmartoperationofindustrialandurbanspaceoperation.Intermsofindustrialinvestmentpromotion,theGroupbuilta"1+2+3+N"industrialstrategysystemthroughmultiplechannels,exploredthein-depthpropertydevelopmentstrategy,andvigorouslypromotedinvestmentpromotionworkforYangzhouandInternationalTradeMallupgradeprojectsaccordingtotheIndustrialOperationWhitePaperreleasedlastyear.Newadditionstothelandbank:
| Nameoflandlotorproject | Location | Planneduseofland | Sitearea（㎡） | Floorareawithplotratio（㎡） | Howthelandisobtained | TheCompany’sinterest | Totallandprice(RMB’0,000) | ConsiderationoftheCompany’sinterest(RMB’0,000) |
| None | None | None | None | None | None |
Cumulativelandbank:
| Nameofproject/area | Sitearea（0,000㎡） | Floorarea（0,000㎡） | Floorareaavailablefordevelopment（0,000㎡） |
| LandinDanshui,HuiyangDistrict,HuizhouCity | 1.77 | 4.25 | 4.25 |
| LandinHongqiTown,HaikouCity | 15.80 | - | - |
| Total | 17.57 | 4.25 | 4.25 |
Developmentstatusofmajorprojects:
| City/region | Nameofproject | Location | Usage | TheCompany’sinterest | Timeforcommencementofconstruction | %developed | %thathascompletedconstruction | Sitearea（㎡） | Plannedfloorareawithplotratio（㎡） | FloorareathatcompletedconstructionintheCurrentPeriod（㎡） | Cumulativefloorareathathascompletedconstruction（㎡） | Estimatedtotalinvestment(RMB’0,000) | Cumulativeinvestment(RMB’0,000) |
| Shenzhen | FuhuiHuayuan | FutianDistrict | Residential | 100% | 2018.12 | Completed | 100% | 4,274 | 33,430 | 0 | 43,522 | 91,133 | 77,396 |
| Shenzhen | YutangShangfu | GuangmingDistrict | Residential | 100.00% | 2022.03 | Underconstruction | Themainconstructionabovegroundreaches30floorsandhasbeenopenedforpre-sale | 14,901 | 81,960 | 0 | 0 | 265,868 | 191,086 |
| Shenzhen | LanhuShidai | GuangmingDistrict | Residential,industrial,commercialandapartment | 69.00% | 2020.10 | Underconstruction | PhaseIhasobtainedthelandusepermit;themainbodyofLot02#inPhaseIIhasreached7-12floors,Lot03#hasbeenconstructedtoplusorminus0,andLot04#andLot06#areworkingonthegroundfloorandanchorcableconstruction. | 68,298 | 433,640 | 0 | 0 | 840,000 | 462,294 |
| DongguanCity | SeaBayGarden | HumenTown | Residential | 100.00% | 2022.03 | Underconstruction | Themainbodyhasbeencompletelyroofed,anditisundergoingconstructionofdoors,windows,railings,decoration,etc. | 51,687 | 113,713 | 0 | 0 | 321,759 | 251,861 |
| Yangzhou | ShenyangDigitalTown | PingshanVillage | Residential,industrialandoffice | 67.00% | 2022.09 | Underconstruction | PhaseI,LotDisundergoingabovegroundmainconstruction | 231,612 | 370,258 | 0 | 0 | 377,479 | 109,548 |
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% | 133800.6 | 125231.07 | 120031.31 | 1026.32 | 9,281.54 | 119,773.46 | 768.95 | 6,635.4 |
| YangzhouCity | HupanYujingPhaseI | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100.00% | 36141.28 | 48870.98 | 43057.25 | 33.44 | 12.8 | 43057.25 | 33.44 | 11.74 |
| YangzhouCity | HupanYujingPhaseII | IntersectionofShouxihuRoadandHangouRoad | Residentialunits,shops,apartments,parkinggaragesandlots | 100.00% | 56935.75 | 73121.96 | 70116.99 | 66.97 | 27.35 | 70097.88 | 66.97 | 25.09 |
| DongguanCity | SonghuLangyuan | DalangTown,DongguanCity | Residentialandcommercial | 100.00% | 147139.96 | 140911 | 140911 | 96 | 82.09 | 149446.95 | 96 | 82.09 |
Rentalstatusofmajorprojects:
| Nameofproject | Location | Usage | TheCompany’sworkinginterest | Rentablearea（㎡） | Cumulativerentedarea（㎡） | Averageoccupancyrate |
| XiApartments(Longyuan) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 3967.05 | 3967.05 | 100.00% |
| XiApartments(Longhua) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1609.42 | 1609.42 | 100.00% |
| XiApartments(Xinhu) | Shenzhen | Apartmentsforlong-termrental | 100.00% | 1626.4 | 1130.6 | 69.52% |
| FoodCourtintheInternationalTradeCenter | Shenzhen | Commercial | 100.00% | 4152.47 | 1676.97 | 40.38% |
| FuminComplex | Shenzhen | Commercial,apartments | 100.00% | 5900.19 | 4766.49 | 80.79% |
| TowerAofWenjinduPortBuilding | Shenzhen | Officebuilding | 75.00% | 5904.3 | 5604.3 | 94.92% |
| HaiwaiLianyiBuilding | Shenzhen | Commercialunitsandoffices | 75.00% | 8262.88 | 8002.88 | 97.00% |
| AnhuaBuilding | Shenzhen | Offices | 75.00% | 1414 | 1414 | 100.00% |
| PengfuBuilding | Shenzhen | Offices | 75.00% | 6494 | 6494 | 100.00% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 75.00% | 1652.7 | 1535.7 | 92.92% |
| JinfuBuilding | ShenzhenShenzhen | Commercial | 100.00% | 567.56 | 567.56 | 100.00% |
| FuxingGarden | Shenzhen | Residential/commercial | 75.00% | 5787.22 | 5787.22 | 100.00% |
| FuxingGarden | Shenzhen | Commercial | 100.00% | 1417.15 | 1417.15 | 100.00% |
| PlantareainTangxiaTown,DongguanCity | DongguanCity | Plant | 75.00% | 21135.12 | 21135.12 | 100.00% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 75.00% | 3149.03 | 2676.54 | 85.00% |
| PacificBusinessBuilding | Shenzhen | Commercialunits/offices | 15.00% | 14888.76 | 14319.54 | 96.17% |
| KangtiBuilding | Shenzhen | Commercialunits/offices | 75.00% | 2095.87 | 1925.47 | 91.87% |
| KangtiBuilding | Shenzhen | Commercialunits/offices | 15.00% | 1146.81 | 1146.81 | 100.00% |
| LyuhuaBuilding | Shenzhen | Commercialandresidential | 75.00% | 7106.95 | 6588.41 | 92.70% |
| ShopsonthegroundfloorofTower48inLianhuaNorthVillage | Shenzhen | Shops | 75.00% | 1000.34 | 1000.34 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsandcommercialunits | 100.00% | 1802.61 | 1802.61 | 100.00% |
| HaonianhuaBuilding | Shenzhen | Apartmentsandcommercialunits | 75.00% | 2277.9 | 2277.9 | 98.37% |
| KaifengGardeninShangmeilin | Shenzhen | Residential | 100.00% | 1568.85 | 916.92 | 58.45% |
| FuyuanIndustrialZone | Shenzhen | Plantarea | 75.00% | 47131.4 | 47131.4 | 100.00% |
| TongluIndustrialZone | Shenzhen | Plantarea | 100.00% | 76886.26 | 73198.67 | 95.20% |
| JianglingIndustrialZone | Shenzhen | Plantarea | 75.00% | 10396.64 | 10396.64 | 100.00% |
| Zone21 | Shenzhen | Commercial/offices | 75.00% | 9514.3 | 9438.7 | 99.20% |
| BaoliCommunity | Shenzhen | Residential | 75.00% | 9020.07 | 8079.79 | 89.57% |
| SonggangPlant | Shenzhen | Plantarea | 75.00% | 5700 | 5700 | 100.00% |
| LongbuPlant | Shenzhen | Plantarea | 75.00% | 7471.36 | 7471.36 | 100.00% |
| GongluBuildinginHuanggang | Shenzhen | Offices | 75.00% | 4599.72 | 4527.18 | 98.42% |
| YuetongComplex | Shenzhen | Offices | 75.00% | 3044 | 3044 | 100.00% |
| DepartmentStorePlaza | Shenzhen | Offices | 33.00% | 12751.15 | 12751.15 | 100.00% |
| SouthernSecuritiesBuilding | Shenzhen | Offices | 33.00% | 8809.8 | 4395.4 | 49.89% |
| Building409,SangdaIndustrialZone | Shenzhen | Plantarea | 33.00% | 3309.2 | 3309.2 | 100.00% |
| MianshuiStudioApartment | Shenzhen | Apartment | 33.00% | 3440.12 | 3440.12 | 100.00% |
| XiangfuBuilding | Shenzhen | Commercial | 33.00% | 3109.4 | 3109.4 | 100.00% |
Primarylanddevelopment:
□Applicable?NotapplicableFinancingchannels:
Unit:RMB
| Financingchannel | Endingbalanceoffinancings | Financingcost | Maturitystructure |
| range/averagefinancingcost | Within1year | 1-2years | 2-3years | Over3years | ||
| Bankloans | 4,368,583,592.17 | 3%-5% | 196,133,324.00 | 3,438,133,324.00 | 67,302,463.17 | 667,014,481.00 |
| Total | 4,368,583,592.17 | 3%-5% | 196,133,324.00 | 3,438,133,324.00 | 67,302,463.17 | 667,014,481.00 |
Developmentstrategyandoperatingplanforthecomingyear:
Intermsoflandreserves,SZPRDplanstoexpandandboostitslandreservesthroughmarketcompetitionandcapitaloperations.Thegroup'sfocuswillremainontheGuangdong-HongKong-MacaoGreaterBayArea,theYangtzeRiverDelta,andotherregionswithpromisingeconomicdevelopmentprospects.Toexpediteprojectexecution,thegroupwillactivelyfacilitatemarket-orientedbidding,auctioning,andlisting,aswellaspursueindustriallandacquisition,urbanrenewal,andprojectcooperation.Intermsofprojectdevelopment,thegroupwillfocusonthecoregoalof“cashinflow”.Tocoordinatedevelopmentandbusinessoperationseffectively,thegroup'sheadquarterswillworkhardon“fastergrowth,betteroperatingperformance,empowerment,andeffectiveness”.Thegroupwilldeepenthemanagementfunctionsoftheplatformcompany,continuouslyenhancedevelopmentcapabilitiesinproductplanning,projectoperation,accelerateddestocking,andcentralizedprocurement,establishunifiedstandards,deepenleanmanagement,andfurtherstrengthentheoveralladvantagesofthegroup'srealestatesector.Tobeginwith,itisessentialtocoordinatethedevelopmentofmajorandcomplexprojects.Thisinvolvesexpeditingtheconstructionanddevelopmentofvariousprojects,suchastheHumenProject,GuangmingProject,GuanlanBenglingUrbanRenewalProject,andYangzhouProject.Thesecondobjectiveistopromotethepreliminaryworkofurbanrenewalprojectsandensurethegroup'sfuturesuccess.IntermsofthePingshanTianjunIndustrialParkProject,thegroupwillsigntheRelocationCompensationandResettlementAgreementandotherrelevantdocumentswithTianjunassoonaspossibleuponnegotiationefforts,whiletheFuyuanIndustrialParkProjectshouldfocusonupdatingtheunitscope,unitchange,planapproval,andspecialplanningpreparation.Thethirdpriorityistoenhancemarketingandtradingcapabilitiestomeetsalestargets.OpportunitiesinthemarketshouldbeseizedtopromotethesalesliberalizationofresidentialpropertiesinSeaBayGarden,YutangShangfuandLanhuaShidaiprojects,andfinishthepaymentcollectionassociatedwiththetransferofequityinterestsintheYupinLuanshanProject.TheabovebusinessplanandbusinessobjectivesdonotrepresentthelistedCompany’sprofitforecastfor2023.Whetheritcanbeachieveddependsonvariousfactorsincludingchangesinmarketconditionsandtheeffortmadebythemanagementteam.Investorsmustpayspecialattentiontothatbecausethereexistsgreatuncertainty.Provisionofguaranteesforhomebuyersonbankmortgages:
?Applicable□NotapplicableAsausualpracticeforrealestatedevelopers,theCompanyhasbeenprovidingguaranteesandsecuritydepositsforitshomebuyersontheirbankmortgages.Asat30June2023,securitydepositsforsuchoutstandingguaranteesamountedtoRMB63,292,452.99,ofwhichRMB1,132,452.99willbereturnedupontheexpiryoftheguarantees,i.e.whentherelevanthomebuyerspaidofftheirbankmortgages,andRMB62,160,000willbereturnedafterthecustomerhasobtainedthepropertyandothertitledeedsandtransferredthemtothebank.Jointinvestmentsbydirectors,supervisorsandseniormanagementandthelistedcompany(applicableforsuchinvestmentswherethedirectors,supervisorsandseniormanagementaretheinvestmententities):
?Applicable□Notapplicable
| Nameofproject | Typeofinvestmententity | Amountofinvestment(RMB’0,000) | %ofinvestmentamount | As%ofthepeakoftheprojectfunds | Cumulativeincome | Disinvestment | Compatibilityofactualinvestmentamountanddistributedincome |
| UrbanRenewalofBanglingSectionatGuanlanStreet1 | Mandatoryinvestmententities(includingdirectorsandseniormanagement) | 2,647.00 | 66.18% | N/A | None | None | N/A |
| Voluntaryinvestmententities | 1,353.00 | 33.82% | N/A | None | None | N/A |
Note:1.Sincethisisanongoingproject,thepeakoftheprojectfunds,cumulativeincomeanddisinvestmentareunknown.Fordetails,pleaserefertotherelevantannouncementsdisclosedbytheCompanyonwww.cninfo.com.cndated9November2019.IICoreCompetitivenessAnalysisAdvantagesinbrandandculturalaccumulation:SZPRD,astate-ownedenterpriseinShenzhen,hasforgedan
unparalleledlegacyofpioneeringdevelopmentoverthepastfourdecades.Thecompanyhascraftedadiversifieddevelopmentpatternwithrealestatedevelopmentattheforefront,accompaniedbyurbanrenewal,propertymanagement,assetoperation,andindustrialinvestment.Thebrandvalueandcomprehensivestrengthof"ShenzhenProperty,"imbuedwiththespiritofreformandopeningupininternationaltrade,havegarneredsignificantmarketrecognition.BornfromtheWorldTradeBuilding,thecompanyhasflourishedthroughreformandopeningup,coexistingandflourishingalongsidethemiraculouscityofShenzhen.Thecorporatecultureof"daringtobethefirstandstrivingfortransformation"intermingleswiththe"pioneeringspirit"ofsurmountingchallenges,providingguidanceinadvancingtheremarkableprogressofSZPRDfrom"Shenzhenspeed"to"Shenzhenquality."Market-orientedadvantages:Inaccordancewiththemarket-orientedpaceofasmallchangeinayearandabigchangeinthreeyears,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'sspacedevelopmentdivisionendeavorstodevelopa
abundanceofbusinesstypes,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.IthasbeenlistedintheFortuneGlobal500forfour
consecutiveyearsandranked391stin2023.Relyingonthecontrollingshareholder'sadvantagesinthewholeindustrialchainoftechnologyparks,theCompanycarriesoutactivetransformationandupgradingandconcentratesonthedevelopmentandconstructionofindustry-citycomplexes,heraldingabroaderdevelopmentprospect.
IIICoreBusinessAnalysis
OverviewSeecontentsundertheheading“IPrincipalActivityoftheCompanyintheReportingPeriod”.Year-on-yearchangesinkeyfinancialdata:
Unit:RMB
| H12023 | H12022 | Change(%) | Mainreasonforchange | |
| Operatingrevenue | 1,905,464,632.85 | 1,988,299,840.24 | -4.17% | |
| Costofsales | 1,372,159,884.25 | 1,068,652,583.32 | 28.40% | Increasedcostcarryforwardsinrealestateinthecurrentperiod |
| Sellingexpense | 13,087,297.05 | 11,358,858.51 | 15.22% | |
| Administrativeexpense | 149,188,184.18 | 143,701,058.05 | 3.82% | |
| Financecosts | 24,192,404.94 | 28,092,277.76 | -13.88% | |
| Incometaxexpense | 78,819,275.76 | 92,655,204.26 | -14.93% | |
| R&Dinvestments | 1,711,051.44 | 2,689,725.40 | -36.39% | DecreasedcompensationcostduetostructuraladjustmentofR&Dstaffinthecurrentperiod |
| Netcashgeneratedfrom/usedinoperatingactivities | -580,021,658.15 | -395,994,231.09 | -46.47% | Decreasedcashinflowsandtaxpaymentsinthecurrentperiod |
| Netcashgeneratedfrom/usedininvestingactivities | -4,097,141.76 | -248,809,261.38 | 98.35% | Paymentsforequitytransferinthesameperiodoflastyear |
| Netcashgeneratedfrom/usedinfinancingactivities | 449,035,955.58 | 151,572,890.35 | 196.25% | Increasedbankloansinthecurrentperiod |
| Netincreaseincashandcashequivalents | -133,028,374.78 | -490,792,510.62 | 72.90% | |
| Taxesandsurcharges | 45,190,786.03 | 394,230,719.81 | -88.54% | IncreasedVAToflandsaccruedinthesameperiodoflastyear |
| Assetimpairmentloss | 2,045.93 | 3,302.47 | -38.05% | |
| Creditimpairmentloss | -13,610,779.58 | -14,462,076.54 | 5.89% | |
| Returnoninvestment | 1,857,388.32 | 946,914.05 | 96.15% | Increasednetprofitsofjointventuresinthecurrentperiod |
| Non-operatingincome | -204,898.03 | 2,546,068.46 | -108.05% | Reversalofnon-operatingincomerecognizedinpreviousperiodinthecurrentperiod |
| Non-operatingexpense | 357,718.39 | 1,417,586.84 | -74.77% | Liquidateddamagesfordelayeddeliverypaidinthesameperiodoflastyear |
| Othercomprehensiveincome-changesinthefairvalueofotherequityinstruments | -275,978.56 | -118,365.58 | -133.16% | Influencedbychangesinthefairvalue |
| Othercomprehensiveincome–differencesarisingfromthetranslationofforeigncurrency-demoninatedfinancialstatements | 1,679,998.83 | 2,181,645.00 | -22.99% |
MaterialchangestotheprofitstructureorsourcesoftheCompanyintheReportingPeriod:
□Applicable?NotapplicableNosuchchangesintheReportingPeriod.Breakdownofoperatingrevenue:
Unit:RMB
| H12023 | H12022 | Change(%) | |||
| Operatingrevenue | As%oftotaloperatingrevenue(%) | Operatingrevenue | As%oftotaloperatingrevenue(%) | ||
| Total | 1,905,464,632.85 | 100% | 1,988,299,840.24 | 100% | -4.17% |
| Byoperatingdivision | |||||
| Propertydevelopment | 1,053,881,874.68 | 55.31% | 1,156,147,570.46 | 58.15% | -8.85% |
| Propertymanagement | 773,181,325.02 | 40.58% | 778,342,112.81 | 39.15% | -0.66% |
| Propertyrental | 78,401,433.15 | 4.11% | 53,810,156.97 | 2.71% | 45.70% |
| Byproductcategory | |||||
| Propertydevelopment | 1,053,881,874.68 | 55.31% | 1,156,147,570.46 | 58.15% | -8.85% |
| Propertymanagement | 773,181,325.02 | 40.58% | 778,342,112.81 | 39.15% | -0.66% |
| Propertyrental | 78,401,433.15 | 4.11% | 53,810,156.97 | 2.71% | 45.70% |
| Byoperatingsegment | |||||
| Shenzhen | 1,736,158,823.32 | 91.11% | 1,570,922,892.64 | 79.01% | 10.52% |
| Other | 169,305,809.53 | 8.89% | 417,376,947.60 | 20.99% | -59.44% |
OperatingDivision,ProductCategoryorOperatingSegmentContributingover10%ofOperatingRevenueorOperatingProfit?Applicable□Notapplicable
Unit:RMB
| Operatingrevenue | Costofsales | Grossprofitmargin | YoYchangeinoperatingrevenue(%) | YoYchangeincostofsales(%) | YoYchangeingrossprofitmargin(%) | |
| Byoperatingdivision | ||||||
| Propertydevelopment | 1,053,881,874.68 | 695,191,661.52 | 34.04% | -8.85% | 107.70% | -37.01% |
| Propertymanagement | 773,181,325.02 | 635,461,652.02 | 17.81% | -0.66% | -5.81% | 4.49% |
| Byproductcategory | ||||||
| Propertydevelopment | 1,053,881,874.68 | 695,191,661.52 | 34.04% | -8.85% | 107.70% | -37.01% |
| Propertymanagement | 773,181,325.02 | 635,461,652.02 | 17.81% | -0.66% | -5.81% | 4.49% |
CorebusinessdataoftheprioryearrestatedaccordingtothechangedstatisticalcaliberfortheReportingPeriod:
□Applicable?NotapplicableIVAnalysisofNon-CoreBusinesses?Applicable□Notapplicable
Unit:RMB
ByoperatingsegmentAmount
| Amount | As%oftotalprofit | Mainsource/reason | Recurrentornot | |
| Returnoninvestment | 1,857,388.32 | 0.63% | Shareofprofitsofjointventures | Yes |
| Assetimpairments | 2,045.93 | 0.00% | Inventoryvaluationallowances | Not |
| Non-operatingincome | -204,898.03 | -0.07% | Reversalofnon-operatingincomerecognizedinpreviousperiod | Not |
| Non-operatingexpense | 357,718.39 | 0.12% | Paymentofsmallnon-operatingexpense | Not |
| Creditimpairmentloss | -13,610,779.58 | -4.64% | Allowancesfordoubtfulaccounts | Not |
VAnalysisofAssetsandLiabilities
1.SignificantChangesinAssetComposition
Unit:RMB
| 30June2023 | 31December2022 | Changeinpercentage(%) | Reasonforanysignificantchange | |||
| Amount | As%oftotalassets | Amount | As%oftotalassets | |||
| Monetaryassets | 1,392,204,627.76 | 8.98% | 1,517,528,893.83 | 9.60% | -0.62% | Paymentforland |
| Accountsreceivable | 416,925,839.15 | 2.69% | 419,933,915.30 | 2.66% | 0.03% | |
| Contractassets | 110,384,064.37 | 0.71% | 1,094,632.90 | 0.01% | 0.70% | Operatingrevenuecarryforwards |
| Inventories | 10,848,296,900.64 | 69.99% | 10,975,334,223.37 | 69.46% | 0.53% | |
| Investmentproperty | 405,664,937.06 | 2.62% | 405,762,739.18 | 2.57% | 0.05% | |
| Long-termequityinvestments | 81,575,705.63 | 0.53% | 79,781,437.31 | 0.50% | 0.03% | Increasedreturnsfromjointventures |
| Fixedassets | 72,977,952.16 | 0.47% | 82,745,172.12 | 0.52% | -0.05% | |
| Right-of-useassets | 55,776,458.18 | 0.36% | 70,168,415.65 | 0.44% | -0.08% | |
| Contractliabilities | 119,759,723.57 | 0.77% | 920,828,040.81 | 5.83% | -5.06% | Operatingrevenuecarryforwards |
| Long-termborrowings | 4,172,450,268.17 | 26.92% | 3,618,782,344.00 | 22.90% | 4.02% | Newbankloan |
| Leaseliabilities | 62,925,499.87 | 0.41% | 77,963,283.55 | 0.49% | -0.08% | |
| Otherreceivables | 624,876,343.49 | 4.03% | 639,903,523.33 | 4.05% | -0.02% | Recoveryofcertaincurrentaccountsandincreasedallowancesfordoubtfulaccounts |
| Othercurrentassets | 70,987,410.26 | 0.46% | 65,655,266.27 | 0.42% | 0.04% | Increaseddebitbalanceofreclassifiedtaxpayable |
| Deferredincometaxassets | 1,353,238,186.66 | 8.73% | 1,383,050,586.04 | 8.75% | -0.02% | DecreasedlandVATprovisions |
| Othernon-currentassets | 3,926,873.08 | 0.03% | 2,750,873.08 | 0.02% | 0.01% | Increasedprepaymentsforfixedassetpurchase |
| Accountspayable | 497,515,760.20 | 3.21% | 608,283,388.52 | 3.85% | -0.64% | Decreasedaccountspayableforengineering |
| Advancesfromcustomers | 1,209,185.48 | 0.01% | 2,260,847.31 | 0.01% | 0.00% | Decreasedrentaladvances |
| Otherpayables | 1,704,126,936.52 | 10.99% | 1,515,085,832.45 | 9.59% | 1.40% | Increaseddividendspayable |
| Othernon-currentliabilities | 128,251,841.93 | 0.83% | 128,008,919.79 | 0.81% | 0.02% |
2.MajorAssetsOverseas
□Applicable?Notapplicable
3.AssetsandLiabilitiesatFairValue
?Applicable□Notapplicable
Unit:RMB
| Item | Beginningamount | Gain/lossonfair-valuechangesintheReportingPeriod | Cumulativefair-valuechangeschargedtoequity | ImpairmentallowancefortheReportingPeriod | PurchasedintheReportingPeriod | SoldintheReportingPeriod | Otherchanges | Endingamount |
| Financialassets | ||||||||
| 4.Investmentsinotherequityinstruments | 887,838.64 | -275,978.56 | 23,495.57 | 635,355.65 |
| Totaloftheabove | 887,837.64 | -275,978.56 | 23,495.57 | 635,355.65 | ||
| Financialliabilities | 0.00 | 0.00 |
Contentsofotherchanges:
Otherchangeswereresultedfromexchangeratemovements.SignificantchangestothemeasurementattributesofthemajorassetsintheReportingPeriod:
□Yes?No
4.RestrictedAssetRightsasatthePeriod-End
| Item | Endingcarryingvalue | Reasonforrestriction |
| Monetaryassets | 15,539,145.06 | [Note1]-[Note9] |
| LanduserightsatFuminNewVillage,FutianDistrict,Shenzhen | 542,507,314.43 | [Note10] |
| Total | 558,046,459.49 |
Note1:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasabankguaranteemoneyofRMB2,200,000.00ofthesubsidiarycompanyShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.Note2:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanadvancepaymentguaranteedepositofRMB459,627.50issuedbythesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.inDecember2021fortheupgradingandreconstructionofthesmartparkofShenzhenBayEco-TechnologyParkandthesoftwareplatformdevelopmentcontract.Note3:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00ofthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.frozenbyacourtoflawduetopre-litigationpreservationforcontractdisputes.Note4:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloandepositofRMB1,132,452.99providedasmortgageloanguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.Note5:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB5,270,833.33ofinterestontermdepositsaccruedattheperiod-end.Note6:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB90,000.00ofthesubsidiarySZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd.frozenduetohousesalecontractdisputecase.Note7:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB129,315.23intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.Note8:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaPOSsecuritydepositofRMB1,500.00ofsubsidiaryShandongShenguomaoRealEstateManagementCo.,Ltd.Note9:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,255,416.01ofsupervisionfundsforrealestateprojectsofthesubsidiaryShenzhenGuangmingWuheRealEstateCo.,Ltd.Note10:Duetotheneedsofdailybusinessactivities,theCompanyappliedforaloanfromBankofCommunicationsCo.,Ltd.ShenzhenBranchandmortgagedthelanduserightofFuminNewVillage,FutianDistrict.TheloanhasadurationfromNovember27,2020toNovember27,2023andappliesfloatinginterestrates.
VIInvestmentsMade
1.TotalInvestmentAmount
□Applicable?Notapplicable
2.MajorEquityInvestmentsMadeintheReportingPeriod
□Applicable?Notapplicable
3.MajorNon-EquityInvestmentsOngoingintheReportingPeriod
□Applicable?Notapplicable
4.FinancialInvestments
(1)SecuritiesInvestments?Applicable□Notapplicable
Unit:RMB
| Varietyofsecurity | Codeofsecurity | Nameofsecurity | Initialinvestmentcost | Accountingmeasurementmethod | Beginningcarryingvalue | Gain/LossonfairvaluechangesinReportingPeriod | Accumulatedfairvaluechangeschargedtoequity | PurchasedinReportingPeriod | SoldinReportingPeriod | Gain/lossinReportingPeriod | Endingcarryingvalue | Accountingtitle | Sourceofinvestmentfunds |
| Domestic/Foreignstock | 400016,420016 | JintianA,JintianB | 3,565,856.06 | Fairvaluemethod | 887,838.64 | 0.00 | -275,978.56 | 0.00 | 0.00 | 23,495.57 | 635,355.65 | Investmentsinotherequityinstruments | ObtainedinJintian’sdebtrestructuring |
| Total | 3,565,856.06 | -- | 887,838.64 | 0.00 | -275,978.56 | 0.00 | 0.00 | 23,495.57 | 635,355.65 | -- | -- | ||
(2)InvestmentsinDerivativeFinancialInstruments
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
5.UseofFundsRaised
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
VIISaleofMajorAssetsandEquityInvestments
1.SaleofMajorAssets
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
2.SaleofMajorEquityInvestments
□Applicable?NotapplicableVIIIPrincipalSubsidiariesandJointStockCompanies
?Applicable□NotapplicablePrincipalsubsidiariesandjointstockcompanieswithanover10%effectontheCompany’snetprofit
Unit:RMB
| Name | RelationshipwiththeCompany | Principalactivity | Registeredcapital | Totalassets | Netassets | Operatingrevenue | Operatingprofit | Netprofit |
| ShenzhenHuangchengRealEstateCo.,Ltd. | Subsidiary | Developmentandsalesofrealestate | 30,000,000.00 | 7,928,799,288.86 | 2,983,146,116.24 | 77,467,506.32 | 16,115,613.20 | 10,982,642.51 |
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | Subsidiary | Propertymanagementservices | 20,000,000.00 | 1,754,993,400.24 | 352,717,977.70 | 786,271,466.76 | 59,099,970.86 | 41,591,766.73 |
SubsidiariesobtainedordisposedintheReportingPeriod?Applicable□Notapplicable
| Subsidiary | HowsubsidiarywasobtainedordisposedintheReportingPeriod | Effectsonoveralloperationsandoperatingperformance |
| ZhanjiangBranchofSZPRD | Deregistration | Revenue:RMB0Netprofit:RMB61,400 |
Notestotheprincipalsubsidiariesandjointstockcompanies:
IXStructuredBodiesControlledbytheCompany
□Applicable?Notapplicable
XRisksFacingtheCompanyandCountermeasures
1.MarketriskUndertheguidanceofthepolicythat"housesareforlivingin,notforspeculatingon",thedemandsideoftherealestatemarketremainsinthedownwardchannel.Consequently,thedevelopmentspaceofthepropertyindustryhasbeenconstantlycompressed,industryprofitshavefallensharplyandtherehasbeenashiftfromlanddividendstomanagementdividends.Inparticular,itposesunprecedentedchallengestobusinesscapabilitiessuchascostdesignandengineering.Theadvancementofurbanrenewalprojectsis
confrontedwithcomplicatedconditionsandformidableobstaclesandtheCompany'sbusinessanddevelopmentfaceopportunitiesandchallenges.Undergrimcircumstances,theCompanythoroughlystudiedtheopportunitiesandchallengesbroughtaboutbymacroeconomictrendsandpolicymovements,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.
PartIVCorporateGovernanceIAnnualandExtraordinaryGeneralMeetingConvenedduringtheReportingPeriod
1.GeneralMeetingsConvenedduringtheReportingPeriod
| Meeting | Type | Investorparticipationratio | Conveneddate | Disclosuredate | Resolutionofthemeeting |
| The2022AnnualGeneralMeeting | AnnualGeneralMeeting | 60.01% | 19May2023 | 20May2023 | TheMeetingconsideredandapprovedtheReportontheWorkoftheBoardofDirectorsfor2022,theReportontheWorkoftheSupervisoryCommitteefor2022,theAnnualReport2022,theReportontheFinancialAccountsfor2022,theReportontheFinancialBudgetfor2023,theProposalontheDistributionofProfitsandCapitalizationofCapitalReservefor2022,theProposalontheComprehensiveCreditLineandFinancingLimitfor2023,theProposaltoExpectContinuingRelated-partyTransactionsfor2023andtheProposaltoRenewtheAppointmentofAccountingFirm,etc.Fordetails,pleaserefertotheAnnouncementofResolutionsoftheAnnualGeneralMeetingofShareholdersfor2022withthenumber2023-12onCninfo(www.cninfo.com.cn). |
2.ExtraordinaryGeneralMeetingsConvenedattheRequestofPreferenceShareholderswithResumedVotingRights
□Applicable?Notapplicable
IIChangesinDirectors,SupervisorsandSeniorManagement
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.SeetheAnnualReport2022fordetails.IIIInterimDividendPlan
□Applicable?NotapplicableTheCompanyhasnointerimdividendplan,eitherintheformofcashorstock.
IVEquityIncentivePlans,EmployeeStockOwnershipPlansorOtherIncentiveMeasuresforEmployees
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
PartVEnvironmentalandSocialResponsibilityIMajorEnvironmentalIssues
IndicatebytickmarkwhethertheCompanyoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
□Yes?NoAdministrativepenaltiesimposedforenvironmentalissuesduringtheReportingPeriod
| Nameofthecompanyorsubsidiarycompany | Penaltyreason | Violationsituation | Penaltyresult | Impactontheproductionandoperationofthelistedcompanies | RemediationmeasuresoftheCompany |
| N/A | N/A | N/A | N/A | N/A | N/A |
OtherenvironmentalinformationdisclosedwithreferencetokeyemissionunitsTheCompanyattachesgreatimportancetoenvironmentalprotectionandstrictlyimplementsrelevantlawsandregulations.DuringtheReportingPeriod,nomajorenvironmentalviolationsoccurredandnoadministrativepenaltieswereimposedonenvironmentalprotection.ActionstakentoreducecarbondioxideemissionsduringtheReportingPeriodandtheimpact:
□Applicable?NotapplicableReasonsfornotdisclosingotherenvironmentalinformationNeithertheCompanynoranyofitssubsidiariesisaheavilypollutingbusinessidentifiedbytheenvironmentalprotectionauthoritiesofChina.
IISocialResponsibility
(I)VisitPartymembersandemployeesindifficulty.Inordertostrengthenthepeople-centreddevelopmentphilosophyandimplementtheGroup'sworkmechanismofassistanceindepth,ontheafternoonof16January,thePartyCommitteeoftheShenzhenPropertyGroupheldasymposiumtoextendregardstothePartymembersandemployeesindifficultybeforetheSpringFestival.Beforethevisit,theGroupconductedoverallandscrupulousinvestigation,identificationandcategory-basedregistrationandrecord,andconfirmed55personsasthetargetsinneedofassistance,including12Partymembersindifficulty.Duringthesymposium,GroupleaderscommunicatedearnestlywithPartymembersandrepresentativesofemployeesindifficultyandlearnedabouttheirworkandlifeindetail.LiuShengxiang,SecretaryofthePartyCommitteeoftheGroupandChairmanoftheGroup,introducedtheGroup'sprogressmadeinthemajorprojectsin2022andtheGroup'sdeploymentofkeytasksfor2023,whilesincerelythankingallthePartymembersandemployeesindifficultyfortheirperformanceofdutiesinspiteofnumerousdifficulties.HeencouragedthePartymembersandemployeesindifficultytostayconfidentinlifeandtoovercometheirdifficultiesassoonaspossible.Besides,hesaidthePartyorganisationsatalllevelsoftheGroupwouldestablishalong-termmechanismtoassistthePartymembersandemployeesindifficulty.OntheoccasionofupcomingSpringFestival,thePartyCommitteeoftheGroupcombinedthepublicityoftheguidingprinciplesofthe20thCPCNationalCongresseffectivelywiththevisit,therebyenablingthePartymembersandemployeesindifficultytofeelwarmthandcarefromthePartyorganisations.Afterthesymposium,GroupleadersdeliveredsuppliesandfundstothePartymembersandemployeesindifficultytohelpthemhaveapeacefulandcomfortableSpringFestival.(II)Carryoutblooddonationactivity.
Inthefirsthalfof2023,thePartyCommitteeofITCPropertyManagementorganiseditsaffiliatedPartyorganisationsandenterprisesunderitsadministrationtocarryoutamonthofnationwideblooddonationactivitythemed"redflag,redaction"fortheyear2023inordertofurtherthelearningandimplementationofXiJinpingThoughtonSocialismwithChineseCharacteristicsforaNewEraandtheguidingprinciplesofthe20thCPCNationalCongress,conductthetask"Idopracticalthingsforthemasses"indetailandeffect,continuetoadvanceITCPropertyManagement'sPartybuildingbranddevelopmentfeaturing"PerfectITC",adheretotheguidanceof"ConsummateCulture",givefullplaytothesocialresponsibilityofITCPropertyManagement,anddemonstratetheamicabilityandsympathyoftheCompany'semployees.Sofar,15enterpriseshavecarriedouttheblooddonationactivity,coveringShandong,Chongqing,Baoding,Hangzhou,Manzhouli,HulunBuir,Yangzhouandothercities.617employeesjoinedtheactivity,472ofwhomdonated159,900millilitresofbloodintotal.(III)CarryoutbeveragedeliveryactivityforworkersonconstructionssitesOn14July2023,toensurethesafeworkoffront-lineworkersathightemperatureandfacilitatethecompletionofdismantlingandrelocationprojectofTianjunIndustrialParksiteonschedule,thegeneralPartybranchofWuheUrbanRenewalCompanycarriedouttheactivitythemedby"deliverbeveragestoconstructionsites,poolsolidarityandstrengthtofacilitatedevelopment"anddeliveredcoolandrefreshingteadrinktothefront-lineworkersonsitesofthedismantlingproject,enablingtheworkerstofeelcoolandcomfortableintheintenseheat.
IIIEffortsinPovertyAlleviationandRuralRevitalization
SZPRDanditsaffiliatedbusinessorganisationsorganisedandcarriedoutconsumptionassistanceactivity,andspentRMB980,000intotalontheprocurementofagriculturalproductsthroughconsumptionassistanceinthefirsthalfof2023.
PartVISignificantEvents
ICommitmentsoftheCompany’sDeFactoController,Shareholders,RelatedPartiesandAcquirers,aswellastheCompanyItselfandOtherEntitiesFulfilledintheReportingPeriodorOngoingatthePeriod-End
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
IIOccupationoftheCompany’sCapitalbytheControllingShareholderoranyofItsRelatedPartiesforNon-OperatingPurposes
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
IIIIrregularitiesintheProvisionofGuarantees
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.IVEngagementandDisengagementofIndependentAuditorAretheinterimfinancialstatementsaudited?
□Yes?NoThisInterimReportisunaudited.
VExplanationsGivenbytheBoardofDirectorsandtheSupervisoryCommitteeRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsoftheReportingPeriod
□Applicable?Notapplicable
VIExplanationsGivenbytheBoardofDirectorsRegardingtheIndependentAuditor's“ModifiedOpinion”ontheFinancialStatementsofLastYear
□Applicable?Notapplicable
VIIInsolvencyandReorganization
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
VIIILegalMattersSignificantlawsuitsandarbitrations:
?Applicable□Notapplicable
| Generalinformation | Involvedamount(RMB’0,000) | Provision | Progress | Decisionsandeffects | Executionofdecisions | Disclosuredate | Indextodisclosedinformation |
| ArbitrationcaseofpropertycontractdisputebetweentheFourthOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark(Applicant)andShenzhenITCTechnologyParkServiceCo.,Ltd.(Respondent1),theBranchinHigh-TechZone(Respondent2)forSoftwareParkPhaseI.TheApplicantrequestedanawardtotheRespondent1and2toreturntheowners'publicrevenueandbeartheattorney'sfees. | 73.53 | Not | Thearbitraltribunalhasrenderedanarbitralaward | Arbitrationawardsontwocasesweregivenon23and24March2023successively.Accordingtotheconclusionofarbitrationawards,theHigh-techZoneBranchshouldreturnapproximatelyRMB540,000ofpublicrevenuetotheOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark(inspiteofRMB32millionrequestedbytheOwners'Committee)andbearapartofarbitrationfee;inregardtothearbitrationcasebetweentheITCTechnologyParkCompanyandtheOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark,allrequestsofthelatterhavebeenrejectedbythearbitrationtribunal(inspiteofRMB13millionrequestedbytheOwners'Committee). | Inexecution | ||
| ShenzhenQitianSunshineHotelManagementCo.,Ltd.(plaintiff)suedShenZhenProperties&ResourcesDevelopment(Group)Ltd.(defendant)forpropertyleasingcontractdispute,requestingthedefendanttopaycompensationforinteriordecorationoftherelocatedhouseandrelocationfeeoftheleasedhouseandtoreturnthesubsidy | 105.09 | Not | Thecourthasrenderedajudgmentofsecondinstance | ThecourthasrejectedtheappealrequestofQitianSunshineHotelandupheldtheoriginalverdict | Inexecution |
| feeoftheleasedhouse,etc.ThefirstinstancejudgmentreadsthattheplaintiffShenzhenQitianSunshineHotelManagementCo.,Ltd.shallpayrentofRMB1,050,913.6tothedefendantShenZhenProperties&ResourcesDevelopment(Group)Ltd.within10daysfromtheeffectivedateofthisjudgment.ShenzhenQitianSunshineHotelManagementCo.,Ltd.filedanappealagainstthejudgment. | |||||
| SincetheviolationoftheEquityTransferContractfortheUrbanRenewalProjectinBanglingCommunity,GuanlanSubdistrict,LonghuaDistrict,ShenzhenCitycommittedbytheShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.constitutedmaterialbreachofcontract,accordingtoprovisionsofthecontract,theCompanyisentitledtorequireShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.topaycompensationforitsinvestmentlossatanannualinterestrateof11%ofthecapitaltheCompanyinvestedintheLanhushidaiproject.Therefore,theCompanyfiledanarbitration. | 17,133.68 | Not | Thecasehasproceededtothestageofappointmentofarbitratorswhowillconstitutethearbitrationtribunal.Recently,therespondenthasfiledanappealforconfirmationofforceofthearbitrationagreementtotheShenzhenIntermediatePeople'sCourt,resultinginsuspensionofthearbitrationcourt'strialonthecase.Aftertheconfirmationofforceofthearbitrationagreementisconcludedbythecourt,thearbitrationcourtwillinformbothpartiesofrecoveryofthearbitrationproceedings. | Notyet | Notyet |
| On26February2019,theCompanysignedRepaymentAgreementwithRongyaoRealEstate,ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.andShenzhenXinhaiHoldingCo.,Ltd.Fordetails,seeAnnouncementontheSigningofRepaymentAgreement(AnnouncementNo.:2019-9)disclosedbytheCompanyonhttp://www.cninfo.com.cn.AccordingtoprovisionsoftheRepaymentAgreement,ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.andShenzhenXinhaiHoldingCo.,Ltd.acknowledgetosettletheirdebtstoRongyaoRealEstate.However,ShenzhenXinhaiInvestmentDevelopmentCo.,Ltd.,ShenzhenChengjianRealEstateManagementCo.,Ltd.,ShenzhenLianghongIndustryCo.,Ltd.andShenzhenHuayeTianchengInvestmentCo.,Ltd.,astheirguarantorswhoassumejointandseveralliability,failedtosettlealldebtsasrequiredbytheagreement.Therefore,RongyaoRealEstatefiledanarbitration. | 72,218.22 | Not | Enterthestageofappointingarbitratortosetuparbitraltribunal | Notyet | Notyet | 9June2023 | No.2023-13 |
| Summaryofothercontractdisputes | 9,757.66 | SeePartXFinancialReport-XIV-2 | SeePartXFinancialReport-XIV-2 | SeePartXFinancialReport-XIV-2 | SeePartXFinancialReport-XIV-2 |
Otherlegalmatters
□Applicable?NotapplicableIXPunishmentsandRectifications
□Applicable?NotapplicableXCreditQualityoftheCompanyaswellasitsControllingShareholderandDeFactoController
□Applicable?Notapplicable
XIMajorRelated-PartyTransactions
1.ContinuingRelated-PartyTransactions
?Applicable□Notapplicable
| Relatedparty | RelationshipwiththeCompany | Typeoftransaction | Specifictransaction | Pricingprinciple | Transactionprice | Totalvalue(RMB’0,000) | As%oftotalvalueofallsame-typetransactions | Approvedtransactionline(RMB’0,000) | Overtheapprovedlineornot | Methodofsettlement | Obtainablemarketpriceforsame-typetransactions | Disclosuredate | Indextodisclosedinformation |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningsalesofcommodityandprovidingoflabors | Propertymanagementservices | Marketprinciple | Agreementprice | 3,376.72 | 4.37% | 6,904.25 | No | Cash | 3,376.72 | 25March2023 | AnnouncementonEstimatedContinuingRelated-partyTransactionsin2023(No.:2023-05)disclosedonCninfo |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Sub-subsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningsalesofcommodityandprovidingoflabors | Propertymanagementservicesandengineeringservices | Marketprinciple | Agreementprice | 3,012.68 | 3.90% | 3,574.01 | No | Cash | 3,012.68 | ||
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparent | Related-partytransactionsgoverningpurchaseofcommodityandprovidingoflabors | Managementservices | Marketprinciple | Agreementprice | 3,767.37 | 5.93% | 8,160 | No | Cash | 3,767.37 | ||
| ShenzhenShentouRealEstate | Wholly-ownedsubsidiaryof | Trusteeship | Trusteemanagementservice | Marketprinciple | Agreementprice | 3,067.87 | 39.13% | 6,361.61 | No | Cash | 3,067.87 |
| DevelopmentCo.,Ltd. | theCompanyastheparent | sofhouses | |||||||||||
| Total | -- | -- | 13,224.64 | -- | 24,999.87 | -- | -- | -- | -- | -- | |||
| Large-amountsalesreturnindetail | N/A | ||||||||||||
| GivetheactualsituationintheReportingPeriod(ifany)whereanestimatehadbeenmadeforthetotalvalueofcontinuingrelated-partytransactionsbytypetooccurintheReportingPeriod | Thetotalamountofcontinuingrelated-partytransactionsoftheCompanyin2023isexpectedtobeRMB342,640,300,andactualtotalamountofcontinuingrelated-partytransactionsinH12023islowerthantheapprovedline. | ||||||||||||
| Reasonforanysignificantdifferencebetweenthetransactionpriceandthemarketreferenceprice(ifapplicable) | N/A | ||||||||||||
2.Related-PartyTransactionsRegardingPurchaseorDisposalofAssetsorEquityInvestments
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
3.Related-PartyTransactionsRegardingJointInvestmentsinThirdParties
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
4.CreditsandLiabilitieswithRelatedParties?Applicable□NotapplicableIndicatebytickmarkwhethertherewereanycreditsandliabilitieswithrelatedpartiesfornon-operatingpurposes.?Yes□NoAmountsduefromrelatedparties:
| Relatedparty | RelationshipwiththeCompany | Reason | Capitaloccupationfornon-operatingpurposes(yes/no) | Beginningbalance(RMB’0,000) | Amountnewlyaddedincurrentperiod(RMB’0,000) | Amountreceivedincurrentperiod(RMB’0,000) | Interestrate | Currentinterest(RMB’0,000) | Endingbalance(RMB’0,000) |
| ShenzhenXinhaiHoldingsCo.,Ltd. | TheparentcompanyofthesubsidiaryRongyaoRealEstate’sminorityshareholderXinhaiRongyao | Businesscirculatingfundsbeforeacquisition | No | 20,150 | 20,150 |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | MinorityshareholderofthesubsidiaryRongyaoRealEstate | Businesscirculatingfundsbeforeacquisition | No | 33,047.29 | 33,047.29 | |
| InfluenceontheCompany’soperatingresultsandfinancialcondition | AllwerewithintheriskscontroloftheCompanyandnotinfluencedtheoperatingresultsandthefinancialconditions. | |||||
Amountsduetorelatedparties:
| Relatedparty | RelationwiththeCompany | Formationreason | Beginningbalance(RMB’0,000) | Amountnewlyaddedincurrentperiod(RMB’0,000) | Amountreturnedincurrentperiod(RMB’0,000) | Interestrate | Currentinterest(RMB’0,000) | Endingbalance(RMB’0,000) |
| ShenzhenJifaWarehouseCo.,Ltd. | Jointventure | Currentaccount | 4,229.67 | 4,229.67 | ||||
| ShenzhenTian’anInternationalBuildingPropertyManagementCo.,Ltd. | Jointventure | Currentaccount | 521.43 | 521.43 | ||||
| InfluenceontheCompany’soperatingresultsandfinancialcondition | AllwerewithintheriskscontroloftheCompanyandnotinfluencedtheoperatingresultsandthefinancialconditions. | |||||||
5.TransactionswithRelatedFinanceCompanies
□Applicable?NotapplicableTheCompanydidnotmakedepositsin,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedfinancecompanyoranyotherrelatedparties.
6.TransactionswithRelatedPartiesbyFinanceCompaniesControlledbytheCompany
□Applicable?NotapplicableThefinancecompanycontrolledbytheCompanydidnotmakedeposits,receiveloansorcreditfromandwasnotinvolvedinanyotherfinancebusinesswithanyrelatedparties.
7.OtherMajorRelated-PartyTransactions
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
XIIMajorContractsandExecutionthereof
1.Entrustment,ContractingandLeases
(1)Entrustment
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
(2)Contracting
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
(3)Leases
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
2.Majorguarantees
?Applicable□Notapplicable
Unit:RMB'0,000
| GuaranteesprovidedbytheCompanyastheparentanditssubsidiariesforexternalparties(exclusiveofthoseforsubsidiaries) | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| GuaranteesprovidedbytheCompanyforitssubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | 18October2019 | 500,000 | 27November2019 | 305,877 | Joint-liability | 27November2019to20November2024 | No | Yes | ||
| TotalapprovedlineforsuchguaranteesintheReportingPeriod(B1) | TotalactualamountofsuchguaranteesintheReportingPeriod(B2) | 5,947 | ||||||||
| Totalapprovedlineforsuchguaranteesattheendofthe | 500,000 | Totalactualbalanceofsuchguaranteesattheendofthe | 305,877 | |||||||
| ReportingPeriod(B3) | ReportingPeriod(B4) | |||||||||
| Guaranteesprovidedbetweensubsidiaries | ||||||||||
| Obligor | Disclosuredateoftheguaranteelineannouncement | Lineofguarantee | Actualoccurrencedate | Actualguaranteeamount | Typeofguarantee | Collateral(ifany) | Counter-guarantee(ifany) | Termofguarantee | Havingexpiredornot | Guaranteeforarelatedpartyornot |
| Totalguaranteeamount(totalofthethreekindsofguaranteesabove) | ||||||||||
| TotalguaranteelineapprovedintheReportingPeriod(A1+B1+C1) | TotalactualguaranteeamountintheReportingPeriod(A2+B2+C2) | 5,947 | ||||||||
| TotalapprovedguaranteelineattheendoftheReportingPeriod(A3+B3+C3) | 500,000 | TotalactualguaranteebalanceattheendoftheReportingPeriod(A4+B4+C4) | 305,877 | |||||||
| Totalactualguaranteeamount(A4+B4+C4)as%oftheCompany’snetassets | 69.23% | |||||||||
| Ofwhich: | ||||||||||
| Balanceofdebtguaranteesprovideddirectlyorindirectlyforobligorswithanover70%debt/assetratio(E) | 305,877 | |||||||||
| Totalofthethreeamountsabove(D+E+F) | 305,877 | |||||||||
Compoundguarantees:
3.CashEntrustedforWealthManagement
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
4.OtherMajorContracts
□Applicable?NotapplicableNosuchcasesintheReportingPeriod.
XIIIOtherSignificantEvents
?Applicable□NotapplicableSignificantarbitrationeventofsubsidiary:DuringtheReportingPeriod,ShenzhenInternationalArbitrationCourtformallyacceptedthecaseofcivilloandisputebetweentheCompany’ssubsidiaryShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.andShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.,etc.whichinvolvesaprovisionaltotalamountofRMB722,182,200.Asofthedisclosuredateofthisreport,thecasehasnotyetcometotrial.TheinfluenceofthisarbitrationmatterontheCompany’sprofitforthecurrentperiodorprofitaftertheperiodisstilluncertain,andthefinalactualimpactshallbesubjecttothedecisionoftheArbitrationCourt.TheCompanywillcarryoutthecorrespondingaccountingtreatmentbasedontheprocessandresultsofthecaseandinaccordancewiththerequirementsofrelevantaccountingstandardaswellastheactualsituationandfulfilitsinformationdisclosureobligationinatimelymanner.SeetheAnnouncementonSignificantArbitrationEventofSubsidiary(AnnouncementNo.:2023-13)disclosedbytheCompanyonCninfodated9June2023fordetails.
XIVSignificantEventsofSubsidiaries
□Applicable?Notapplicable
PartVIIShareChangesandShareholderInformationIShareChanges
1.ShareChanges
Unit:share
| Before | Increase/decreaseintheReportingPeriod(+/-) | After | |||||||
| Shares | Percentage(%) | Newissues | Sharesasdividendconvertedfromprofit | Sharesasdividendconvertedfromcapitalreserves | Other | Subtotal | Shares | Percentage(%) | |
| I.Restrictedshares | 1,898,306 | 0.32% | 0 | 0 | 0 | 0 | 0 | 1,898,306 | 0.32% |
| 1.SharesheldbyState | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 2.Sharesheldbystate-ownedlegalperson | 3,326 | 0.00% | 0 | 0 | 0 | 0 | 0 | 3,326 | 0.00% |
| 3.Sharesheldbyotherdomesticinvestors | 1,894,980 | 0.32% | 0 | 0 | 0 | 0 | 0 | 1,894,980 | 0.32% |
| Amongwhich:Sharesheldbydomesticlegalperson | 1,894,980 | 0.32% | 0 | 0 | 0 | 0 | 0 | 1,894,980 | 0.32% |
| Sharesheldbydomesticnaturalperson | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 4.Sharesheldbyforeigninvestors | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| Amongwhich:Sharesheldbyforeignlegalperson | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| Sharesheldbyforeignnaturalperson | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| II.Unrestrictedshares | 594,080,786 | 99.68% | 0 | 0 | 0 | 0 | 0 | 594,080,786 | 99.68% |
| 1.RMBcommonshares | 526,475,543 | 88.34% | 0 | 0 | 0 | 0 | 0 | 526,475,543 | 88.34% |
| 2.Domesticallylistedforeignshares | 67,605,243 | 11.34% | 0 | 0 | 0 | 0 | 0 | 67,605,243 | 11.34% |
| 3.Overseaslistedforeignshares | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| 4.Others | 0 | 0.00% | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% |
| III.Totalshares | 595,979,092 | 100.00% | 0 | 0 | 0 | 0 | 0 | 595,979,092 | 100.00% |
Reasonsforsharechanges:
□Applicable?NotapplicableApprovalofsharechanges:
□Applicable?NotapplicableTransferofshareownership:
□Applicable?NotapplicableProgressonanysharerepurchases:
□Applicable?NotapplicableProgressonreducingtherepurchasedsharesbymeansofcentralizedbidding:
□Applicable?NotapplicableEffectsofsharechangesonthebasicanddilutedearningspershare,equitypershareattributabletotheCompany’sordinaryshareholdersandotherfinancialindicatorsoftheprioryearandtheprioraccountingperiod,respectively:
□Applicable?NotapplicableOtherinformationthattheCompanyconsidersnecessaryorisrequiredbythesecuritiesregulatortobedisclosed:
□Applicable?Notapplicable
2.ChangesinRestrictedShares
□Applicable?NotapplicableIIIssuanceandListingofSecurities
□Applicable?NotapplicableIIIShareholdersandTheirHoldingsasatthePeriod-End
Unit:share
| Totalnumberofordinaryshareholdersattheperiod-end | 43,195 | Totalnumberofpreferenceshareholderswithresumedvotingrightsattheperiod-end(ifany) | 0 | |||||
| 5%orgreaterordinaryshareholdersorthetop10ordinaryshareholders | ||||||||
| Nameofshareholder | Natureofshareholder | Shareholdingpercentage(%) | Totalsharesheldattheperiod-end | Increase/decreaseduringtheReportingPeriod | Numberofrestrictedsharesheld | Numberofnon-restrictedsharesheld | Pledged,markedorfrozenshares | |
| Status | Number | |||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | State-ownedlegalperson | 50.57% | 301,414,637 | 0 | 3,326 | 301,411,311 | ||
| ShenzhenState-ownedEquityManagementCo.,Ltd. | Domesticnon-state-ownedlegalperson | 6.38% | 38,037,890 | 0 | 0 | 38,037,890 | ||
| ChinaOrientAssetManagementCo.,Ltd. | State-ownedlegalperson | 2.77% | 16,491,402 | 0 | 0 | 16,491,402 | ||
| WangZhong | Domesticnaturalperson | 0.32% | 1,878,100 | 1,878,100 | 0 | 1,878,100 | ||
| 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 | ||
| IndustrialandCommercialBankofChinaLimited－SouthernChinaSecuritiesFullIndexRealEstateTradingOpen-endedIndexSecuritiesInvestmentFund | Other | 0.29% | 1,728,434 | 616,900 | 0 | 1,728,434 | |||
| YangYaochu | Domesticnaturalperson | 0.28% | 1,640,984 | 0 | 0 | 1,640,984 | |||
| LiXinyi | Domesticnaturalperson | 0.25% | 1,500,000 | 0 | 0 | 1,500,000 | |||
| HongKongSecuritiesClearingCompanyLtd. | Foreignlegalperson | 0.23% | 1,369,074 | 396,561 | 0 | 1,369,074 | |||
| Strategicinvestororgenerallegalpersonbecomingatop-10ordinaryshareholderduetorightsissue(ifany) | N/A | ||||||||
| Relatedoracting-in-concertpartiesamongtheshareholdersabove | Thelargestshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.,isthecontrollingshareholderoftheCompanyandShenzhenState-ownedEquityManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. | ||||||||
| Explainifanyoftheshareholdersabovewasinvolvedinentrusting/beingentrustedwithvotingrightsorwaivingvotingrights | N/A | ||||||||
| Specialaccountforsharerepurchases(ifany)amongthetop10shareholders | N/A | ||||||||
| Top10unrestrictedshareholders | |||||||||
| Nameofshareholder | Unrestrictedsharesheldattheperiod-end | Sharesbytype | |||||||
| Type | Shares | ||||||||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 301,411,311 | RMBordinaryshare | 301,411,311 | ||||||
| ShenzhenState-ownedEquityManagementCo.,Ltd. | 38,037,890 | RMBordinaryshare | 38,037,890 | ||||||
| ChinaOrientAssetManagementCo.,Ltd. | 16,491,402 | RMBordinaryshare | 16,491,402 | ||||||
| WangZhong | 1,878,100 | RMBordinaryshare | 1,878,100 | ||||||
| DuanShaoteng | 1,755,565 | RMBordinaryshare | 1,755,565 | ||||||
| IndustrialandCommercialBankofChinaLimited－SouthernChinaSecuritiesFullIndexRealEstateTradingOpen-endedIndexSecuritiesInvestmentFund | 1,728,434 | RMBordinaryshare | 1,728,434 | ||||||
| YangYaochu | 1,640,984 | Domesticallylistedforeignshare | 1,640,984 | ||||||
| LiXinyi | 1,500,000 | RMBordinaryshare | 1,500,000 | ||||||
| HongKongSecuritiesClearingCompanyLtd. | 1,369,074 | RMBordinaryshare | 1,369,074 | ||||||
| MaiFurong | 1,244,596 | Domesticallylistedforeignshare | 1,244,596 | ||||||
| Relatedoracting-in-concertparties | Thelargestshareholder,ShenzhenInvestmentHoldingsCo.,Ltd.,isthecontrolling | ||||||||
| amongtop10unrestrictedpublicshareholders,aswellasbetweentop10unrestrictedpublicshareholdersandtop10shareholders | shareholderoftheCompanyandShenzhenState-ownedEquityManagementCo.,Ltd.AndtheCompanydoesnotknowwhethertherearerelatedpartiesoracting-in-concertpartiesamongtheothershareholders. |
| Top10ordinaryshareholdersinvolvedinsecuritiesmargintrading(ifany) | N/A |
Indicatebytickmarkwhetheranyofthetop10ordinaryshareholdersorthetop10unrestrictedordinaryshareholdersoftheCompanyconductedanypromissoryrepoduringtheReportingPeriod.
□Yes?NoNosuchcasesintheReportingPeriod.
IVChangeinShareholdingsofDirectors,SupervisorsandSeniorManagement
□Applicable?NotapplicableTherewerenochangesinshareholdingsofdirectors,supervisors,andseniormanagementintheReportingPeriod.Fordetails,seethe2022AnnualReport.VChangeoftheControllingShareholderortheActualControllerChangeofthecontrollingshareholderintheReportingPeriod
□Applicable?NotapplicableThecontrollingshareholderremainedthesameintheReportingPeriod.ChangeoftheactualcontrollerintheReportingPeriod
□Applicable?NotapplicableTheactualcontrollerremainedthesameintheReportingPeriod.
PartVIIIPreferenceShares
□Applicable?NotapplicableNopreferencesharesintheReportingPeriod.
PartIXBonds
□Applicable?Notapplicable
PartXFinancialStatementsI.Auditor’sReportAretheseinterimfinancialstatementsauditedbyanindependentauditor?
□Yes?NoTheseinterimfinancialstatementshavenotbeenauditedbyanindependentauditor.
IIFinancialStatementsCurrencyunitforthefinancialstatementsandthenotesthereto:RMB
1.ConsolidatedBalanceSheet
PreparedbyShenzhenProperties&ResourcesDevelopment(Group)Ltd.
30June2023
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Currentassets: | ||
| Monetaryassets | 1,392,204,627.76 | 1,517,528,893.83 |
| Settlementreserve | ||
| Interbankloansgranted | ||
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | 0.00 | 0.00 |
| Accountsreceivable | 416,925,839.15 | 419,933,915.30 |
| Accountsreceivablefinancing | ||
| Prepayments | 10,207,824.31 | 100,341,806.56 |
| Premiumsreceivable | ||
| Reinsurancereceivables | ||
| Receivablereinsurancecontractreserve | ||
| Otherreceivables | 624,876,343.49 | 639,903,523.33 |
| Including:Interestreceivable | 0.00 | 0.00 |
| Dividendsreceivable | 0.00 | 0.00 |
| Financialassetspurchasedunderresaleagreements | ||
| Inventories | 10,848,296,900.64 | 10,975,334,223.37 |
| Contractassets | 110,384,064.37 | 1,094,632.90 |
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 70,987,410.26 | 65,655,266.27 |
| Totalcurrentassets | 13,473,883,009.98 | 13,719,792,261.56 |
| Non-currentassets: | ||
| Loansandadvancestocustomers | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | 21,920,095.92 | 22,651,454.07 |
| Long-termequityinvestments | 81,575,705.63 | 79,781,437.31 |
| Investmentsinotherequityinstruments | 635,355.65 | 887,838.64 |
| Othernon-currentfinancialassets |
| Investmentproperty | 405,664,937.06 | 405,762,739.18 |
| Fixedassets | 72,977,952.16 | 82,745,172.12 |
| Constructioninprogress | ||
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 55,776,458.18 | 70,168,415.65 |
| Intangibleassets | 946,082.32 | 1,269,382.91 |
| Developmentcosts | ||
| Goodwill | 9,446,847.38 | 9,446,847.38 |
| Long-termprepaidexpense | 19,591,506.08 | 21,980,602.46 |
| Deferredincometaxassets | 1,353,192,386.31 | 1,383,050,586.04 |
| Othernon-currentassets | 3,926,873.08 | 2,750,873.08 |
| Totalnon-currentassets | 2,025,654,199.77 | 2,080,495,348.84 |
| Totalassets | 15,499,537,209.75 | 15,800,287,610.40 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Borrowingsfromthecentralbank | ||
| Interbankloansobtained | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 497,515,760.20 | 608,283,388.52 |
| Advancesfromcustomers | 1,209,185.48 | 2,260,847.31 |
| Contractliabilities | 119,759,723.57 | 920,828,040.81 |
| Financialassetssoldunderrepurchaseagreements | ||
| Customerdepositsandinterbankdeposits | ||
| Payablesforactingtradingofsecurities | ||
| Payablesforunderwritingofsecurities | ||
| Employeebenefitspayable | 193,072,434.89 | 239,126,392.02 |
| Taxespayable | 3,925,399,672.99 | 3,917,278,346.81 |
| Otherpayables | 1,704,126,936.52 | 1,515,085,832.45 |
| Including:Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 227,351,128.25 | 12,202,676.04 |
| Handlingchargesandcommissionspayable | ||
| Reinsurancepayables | ||
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 222,669,043.37 | 218,858,766.82 |
| Othercurrentliabilities | 3,392,989.52 | 83,991,786.83 |
| Totalcurrentliabilities | 6,667,145,746.54 | 7,505,713,401.57 |
| Non-currentliabilities: | ||
| Insurancecontractreserve | ||
| Long-termborrowings | 4,172,450,268.17 | 3,618,782,344.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 62,925,499.87 | 77,963,283.55 |
| Long-termpayables | 0.00 | 0.00 |
| Long-termemployeebenefitspayable | 0.00 | 0.00 |
| Provisions | 766,612.52 | 766,612.52 |
| Deferredincome | 0.00 | 0.00 |
| Deferredincometaxliabilities | 174,168.87 | 241,978.54 |
| Othernon-currentliabilities | 128,251,841.93 | 128,008,919.79 |
| Totalnon-currentliabilities | 4,364,568,391.36 | 3,825,763,138.40 |
| Totalliabilities | 11,031,714,137.90 | 11,331,476,539.97 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 80,488,045.38 | 80,488,045.38 |
| Less:Treasurystock | 0.00 | 0.00 |
| Othercomprehensiveincome | -2,450,357.68 | -3,854,377.95 |
| Specificreserve | ||
| Surplusreserves | 48,886,605.81 | 48,886,605.81 |
| Generalreserve | ||
| Retainedearnings | 3,695,166,352.46 | 3,691,056,182.73 |
| TotalequityattributabletoownersoftheCompanyastheparent | 4,418,069,737.97 | 4,412,555,547.97 |
| Non-controllinginterests | 49,753,333.88 | 56,255,522.46 |
| Totalowners’equity | 4,467,823,071.85 | 4,468,811,070.43 |
| Totalliabilitiesandowners’equity | 15,499,537,209.75 | 15,800,287,610.40 |
Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang
2.BalanceSheetoftheCompanyastheParent
Unit:RMB
| Item | 30June2023 | 1January2023 |
| Currentassets: | ||
| Monetaryassets | 732,674,528.27 | 532,263,736.63 |
| Held-for-tradingfinancialassets | ||
| Derivativefinancialassets | ||
| Notesreceivable | ||
| Accountsreceivable | 2,719,055.69 | 5,137,042.71 |
| Accountsreceivablefinancing | ||
| Prepayments | ||
| Otherreceivables | 4,596,372,355.43 | 5,162,396,869.45 |
| Including:Interestreceivable | ||
| Dividendsreceivable | 151,433,108.41 | 151,433,108.41 |
| Inventories | 93,126,982.22 | 793,075,051.53 |
| Contractassets | 109,392,112.37 | |
| Assetsheldforsale | ||
| Currentportionofnon-currentassets | ||
| Othercurrentassets | 1,025,446.90 | 18,130,015.97 |
| Totalcurrentassets | 5,535,310,480.88 | 6,511,002,716.29 |
| Non-currentassets: | ||
| Investmentsindebtobligations | ||
| Investmentsinotherdebtobligations | ||
| Long-termreceivables | ||
| Long-termequityinvestments | 1,449,541,586.02 | 1,447,747,317.70 |
| Investmentsinotherequityinstruments | 865,855.65 | 1,118,338.64 |
| Othernon-currentfinancialassets | ||
| Investmentproperty | 264,768,426.75 | 260,599,477.89 |
| Fixedassets | 26,787,980.94 | 31,577,309.67 |
| Constructioninprogress |
| Productivelivingassets | ||
| Oilandgasassets | ||
| Right-of-useassets | 3,413,718.30 | 3,238,351.85 |
| Intangibleassets | ||
| Developmentcosts | ||
| Goodwill | ||
| Long-termprepaidexpense | 580,220.67 | 860,115.06 |
| Deferredincometaxassets | 90,295,008.03 | 152,942,094.59 |
| Othernon-currentassets | 2,511,552,650.86 | 2,362,376,650.86 |
| Totalnon-currentassets | 4,347,805,447.22 | 4,260,459,656.26 |
| Totalassets | 9,883,115,928.10 | 10,771,462,372.55 |
| Currentliabilities: | ||
| Short-termborrowings | ||
| Held-for-tradingfinancialliabilities | ||
| Derivativefinancialliabilities | ||
| Notespayable | ||
| Accountspayable | 54,032,590.97 | 41,228,778.20 |
| Advancesfromcustomers | 0.00 | 952,186.65 |
| Contractliabilities | 0.00 | 840,878,470.63 |
| Employeebenefitspayable | 50,427,323.40 | 56,425,731.67 |
| Taxespayable | 4,149,081.01 | 1,783,757.84 |
| Otherpayables | 7,341,237,233.98 | 7,258,663,180.38 |
| Including:Interestpayable | ||
| Dividendspayable | 215,178,094.61 | 29,642.40 |
| Liabilitiesdirectlyassociatedwithassetsheldforsale | ||
| Currentportionofnon-currentliabilities | 190,309,485.27 | 190,431,469.82 |
| Othercurrentliabilities | 0.00 | 75,679,062.35 |
| Totalcurrentliabilities | 7,640,155,714.63 | 8,466,042,637.54 |
| Non-currentliabilities: | ||
| Long-termborrowings | 431,200,000.00 | 462,000,000.00 |
| Bondspayable | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Leaseliabilities | 2,481,170.16 | 1,947,178.87 |
| Long-termpayables | ||
| Long-termemployeebenefitspayable | ||
| Provisions | ||
| Deferredincome | ||
| Deferredincometaxliabilities | ||
| Othernon-currentliabilities | 40,000,000.00 | 40,000,000.00 |
| Totalnon-currentliabilities | 473,681,170.16 | 503,947,178.87 |
| Totalliabilities | 8,113,836,884.79 | 8,969,989,816.41 |
| Owners’equity: | ||
| Sharecapital | 595,979,092.00 | 595,979,092.00 |
| Otherequityinstruments | ||
| Including:Preferredshares | ||
| Perpetualbonds | ||
| Capitalreserves | 53,876,380.11 | 53,876,380.11 |
| Less:Treasurystock | ||
| Othercomprehensiveincome | -3,018,820.21 | -2,742,841.65 |
| Specificreserve | ||
| Surplusreserves | 48,886,605.81 | 48,886,605.81 |
| Retainedearnings | 1,073,555,785.60 | 1,105,473,319.87 |
| Totalowners’equity | 1,769,279,043.31 | 1,801,472,556.14 |
| Totalliabilitiesandowners’equity | 9,883,115,928.10 | 10,771,462,372.55 |
3.ConsolidatedIncomeStatement
Unit:RMB
| Item | H12023 | H12022 |
| 1.Revenue | 1,905,464,632.85 | 1,988,299,840.24 |
| Including:Operatingrevenue | 1,905,464,632.85 | 1,988,299,840.24 |
| Interestincome | ||
| Insurancepremiumincome | ||
| Handlingchargeandcommissionincome | ||
| 2.Costsandexpenses | 1,605,529,607.89 | 1,648,725,222.85 |
| Including:Costofsales | 1,372,159,884.25 | 1,068,652,583.32 |
| Interestexpense | ||
| Handlingchargeandcommissionexpense | ||
| Surrenders | ||
| Netinsuranceclaimspaid | ||
| Netamountprovidedasinsurancecontractreserve | ||
| Expenditureonpolicydividends | ||
| Reinsurancepremiumexpense | ||
| Taxesandsurcharges | 45,190,786.03 | 394,230,719.81 |
| Sellingexpense | 13,087,297.05 | 11,358,858.51 |
| Administrativeexpense | 149,188,184.18 | 143,701,058.05 |
| R&Dexpense | 1,711,051.44 | 2,689,725.40 |
| Financecosts | 24,192,404.94 | 28,092,277.76 |
| Including:Interestexpense | 31,827,441.32 | 36,281,087.17 |
| Interestincome | 7,930,755.87 | 9,179,453.97 |
| Add:Otherincome | 5,670,088.91 | 6,806,445.99 |
| Returnoninvestment(“-”forloss) | 1,857,388.32 | 946,914.05 |
| Including:Shareofprofitorlossofjointventuresandassociates | 1,857,388.32 | 859,534.38 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Exchangegain(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | -13,610,779.58 | -14,462,076.54 |
| Assetimpairmentloss(“-”forloss) | 2,045.93 | 3,302.47 |
| Assetdisposalincome(“-”forloss) | 174,379.69 | -41,452.49 |
| 3.Operatingprofit(“-”forloss) | 294,028,148.23 | 332,827,750.87 |
| Add:Non-operatingincome | -204,898.03 | 2,546,068.46 |
| Less:Non-operatingexpense | 357,718.39 | 1,417,586.84 |
| 4.Profitbeforetax(“-”forloss) | 293,465,531.81 | 333,956,232.49 |
| Less:Incometaxexpense | 78,819,275.76 | 92,655,204.26 |
| 5.Netprofit(“-”fornetloss) | 214,646,256.05 | 241,301,028.23 |
| 5.1Byoperatingcontinuity | ||
| 5.1.1Netprofitfromcontinuingoperations(“-”fornetloss) | 214,584,900.22 | 241,301,028.23 |
| 5.1.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | 61,355.83 | 0.00 |
| 5.2Byownership | ||
| 5.2.1NetprofitattributabletoshareholdersoftheCompanyastheparent(“-”fornetloss) | 220,903,444.63 | 250,802,157.71 |
| 5.2.2Netprofitattributabletonon-controllinginterests(“-”fornetloss) | -6,257,188.58 | -9,501,129.48 |
| 6.Othercomprehensiveincome,netoftax | 1,404,020.27 | 2,063,279.42 |
| AttributabletoownersoftheCompanyastheparent | 1,404,020.27 | 2,063,279.42 |
| 6.1Itemsthatwillnotbereclassifiedtoprofitorloss | -275,978.56 | -118,365.58 |
| 6.1.1Changescausedbyremeasurementsondefinedbenefitschemes | 0.00 | 0.00 |
| 6.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | 0.00 | 0.00 |
| 6.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -275,978.56 | -118,365.58 |
| 6.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | 0.00 | 0.00 |
| 6.1.5Other | 0.00 | 0.00 |
| 6.2Itemsthatwillbereclassifiedtoprofitorloss | 1,679,998.83 | 2,181,645.00 |
| 6.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 6.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 6.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 6.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 6.2.5Reserveforcashflowhedges | ||
| 6.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | 1,679,998.83 | 2,181,645.00 |
| 6.2.7Other | ||
| Attributabletonon-controllinginterests | 0.00 | 0.00 |
| 7.Totalcomprehensiveincome | 216,050,276.32 | 243,364,307.65 |
| AttributabletoownersoftheCompanyastheparent | 222,307,464.90 | 252,865,437.13 |
| Attributabletonon-controllinginterests | -6,257,188.58 | -9,501,129.48 |
| 8.Earningspershare | ||
| 8.1Basicearningspershare | 0.3707 | 0.4208 |
| 8.2Dilutedearningspershare | 0.3707 | 0.4208 |
WherebusinesscombinationsundercommoncontroloccurredintheCurrentPeriod,thenetprofitachievedbytheacquireesbeforethecombinationswasRMB0,withtheamountforthesameperiodoflastyearbeingRMB0.Legalrepresentative:LiuShengxiangHeadoffinancialaffairs:CaiLiliHeadofthefinancialdepartment:LiuQiang.
4.IncomeStatementoftheCompanyastheParent
Unit:RMB
| Item | H12023 | H12022 |
| 1.Operatingrevenue | 1,003,621,923.84 | 31,589,670.59 |
| Less:Costofsales | 698,031,149.77 | 17,210,314.74 |
| Taxesandsurcharges | 8,373,564.71 | 3,188,103.66 |
| Sellingexpense | 406,096.84 | 189,424.71 |
| Administrativeexpense | 47,358,840.75 | 45,512,068.89 |
| R&Dexpense | 0.00 | 0.00 |
| Financecosts | 6,675,706.20 | 4,842,416.19 |
| Including:Interestexpense | 13,125,188.51 | 13,164,271.45 |
| Interestincome | 3,531,500.73 | 5,221,428.26 |
| Add:Otherincome | 252,975.99 | 182,349.33 |
| Returnoninvestment(“-”forloss) | 1,857,388.32 | 77,583,669.56 |
| Including:Shareofprofitorlossofjointventuresandassociates | 1,857,388.32 | 859,534.38 |
| Incomefromthederecognitionoffinancialassetsatamortizedcost(“-”forloss) | ||
| Netgainonexposurehedges(“-”forloss) | ||
| Gainonchangesinfairvalue(“-”forloss) | ||
| Creditimpairmentloss(“-”forloss) | 482,276.30 | 47,995.81 |
| Assetimpairmentloss(“-”forloss) | ||
| Assetdisposalincome(“-”forloss) | 111,000.73 | 0.00 |
| 2.Operatingprofit(“-”forloss) | 245,480,206.91 | 38,461,357.10 |
| Add:Non-operatingincome | 413,371.19 | 0.00 |
| Less:Non-operatingexpense | 15,573.60 | 23,576.47 |
| 3.Profitbeforetax(“-”forloss) | 245,878,004.50 | 38,437,780.63 |
| Less:Incometaxexpense | 62,647,086.56 | 8,672,460.66 |
| 4.Netprofit(“-”fornetloss) | 183,230,917.94 | 29,765,319.97 |
| 4.1Netprofitfromcontinuingoperations(“-”fornetloss) | 183,230,917.94 | 29,765,319.97 |
| 4.2Netprofitfromdiscontinuedoperations(“-”fornetloss) | ||
| 5.Othercomprehensiveincome,netoftax | -275,978.56 | -118,365.58 |
| 5.1Itemsthatwillnotbereclassifiedtoprofitorloss | -275,978.56 | -118,365.58 |
| 5.1.1Changescausedbyremeasurementsondefinedbenefitschemes | ||
| 5.1.2Othercomprehensiveincomethatwillnotbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.1.3Changesinthefairvalueofinvestmentsinotherequityinstruments | -275,978.56 | -118,365.58 |
| 5.1.4Changesinthefairvaluearisingfromchangesinowncreditrisk | ||
| 5.1.5Other | ||
| 5.2Itemsthatwillbereclassifiedtoprofitorloss | ||
| 5.2.1Othercomprehensiveincomethatwillbereclassifiedtoprofitorlossundertheequitymethod | ||
| 5.2.2Changesinthefairvalueofinvestmentsinotherdebtobligations | ||
| 5.2.3Othercomprehensiveincomearisingfromthereclassificationoffinancialassets | ||
| 5.2.4Creditimpairmentallowanceforinvestmentsinotherdebtobligations | ||
| 5.2.5Reserveforcashflowhedges | ||
| 5.2.6Differencesarisingfromthetranslationofforeigncurrency-denominatedfinancialstatements | ||
| 5.2.7Other | ||
| 6.Totalcomprehensiveincome | 182,954,939.38 | 29,646,954.39 |
| 7.Earningspershare | ||
| 7.1Basicearningspershare | 0.3074 | 0.0499 |
| 7.2Dilutedearningspershare | 0.3074 | 0.0499 |
5.ConsolidatedCashFlowStatement
Unit:RMB
| Item | H12023 | H12022 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 1,134,538,536.26 | 1,508,257,820.26 |
| Netincreaseincustomerdepositsandinterbankdeposits | ||
| Netincreaseinborrowingsfromthecentralbank | ||
| Netincreaseinloansfromotherfinancialinstitutions | ||
| Premiumsreceivedonoriginalinsurancecontracts |
| Netproceedsfromreinsurance | ||
| Netincreaseindepositsandinvestmentsofpolicyholders | ||
| Interest,handlingchargesandcommissionsreceived | ||
| Netincreaseininterbankloansobtained | ||
| Netincreaseinproceedsfromrepurchasetransactions | ||
| Netproceedsfromactingtradingofsecurities | ||
| Taxrebates | 15,030,885.06 | 9,187,939.90 |
| Cashgeneratedfromotheroperatingactivities | 126,769,873.68 | 461,787,150.96 |
| Subtotalofcashgeneratedfromoperatingactivities | 1,276,339,295.00 | 1,979,232,911.12 |
| Paymentsforcommoditiesandservices | 1,075,770,309.73 | 1,486,656,535.01 |
| Netincreaseinloansandadvancestocustomers | ||
| Netincreaseindepositsinthecentralbankandininterbankloansgranted | ||
| Paymentsforclaimsonoriginalinsurancecontracts | ||
| Netincreaseininterbankloansgranted | ||
| Interest,handlingchargesandcommissionspaid | ||
| Policydividendspaid | ||
| Cashpaidtoandforemployees | 495,986,685.15 | 503,751,276.86 |
| Taxespaid | 157,276,244.25 | 278,354,981.59 |
| Cashusedinotheroperatingactivities | 127,327,714.02 | 106,464,348.75 |
| Subtotalofcashusedinoperatingactivities | 1,856,360,953.15 | 2,375,227,142.21 |
| Netcashgeneratedfrom/usedinoperatingactivities | -580,021,658.15 | -395,994,231.09 |
| 2.Cashflowsfrominvestingactivities: | ||
| Proceedsfromdisinvestment | ||
| Returnoninvestment | 63,120.00 | 0.00 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 73,664.52 | 33,054.00 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | ||
| Cashgeneratedfromotherinvestingactivities | ||
| Subtotalofcashgeneratedfrominvestingactivities | 136,784.52 | 33,054.00 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 2,589,103.59 | 8,208,285.38 |
| Paymentsforinvestments | 1,644,822.69 | 240,634,030.00 |
| Netincreaseinpledgedloansgranted | ||
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | ||
| Cashusedinotherinvestingactivities | ||
| Subtotalofcashusedininvesting | 4,233,926.28 | 248,842,315.38 |
| activities | ||
| Netcashgeneratedfrom/usedininvestingactivities | -4,097,141.76 | -248,809,261.38 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | 0.00 | 1,260,000.00 |
| Including:Capitalcontributionsbynon-controllingintereststosubsidiaries | 0.00 | 1,260,000.00 |
| Borrowingsraised | 590,984,586.17 | 286,832,330.00 |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 590,984,586.17 | 288,092,330.00 |
| Repaymentofborrowings | 32,316,662.00 | 30,900,000.00 |
| Interestanddividendspaid | 94,407,905.77 | 93,476,441.56 |
| Including:Dividendspaidbysubsidiariestonon-controllinginterests | 245,000.00 | |
| Cashusedinotherfinancingactivities | 15,224,062.82 | 12,142,998.09 |
| Subtotalofcashusedinfinancingactivities | 141,948,630.59 | 136,519,439.65 |
| Netcashgeneratedfrom/usedinfinancingactivities | 449,035,955.58 | 151,572,890.35 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 2,054,469.55 | 2,438,091.50 |
| 5.Netincreaseincashandcashequivalents | -133,028,374.78 | -490,792,510.62 |
| Add:Cashandcashequivalents,beginningoftheperiod | 1,509,693,857.48 | 1,963,988,756.69 |
| 6.Cashandcashequivalents,endoftheperiod | 1,376,665,482.70 | 1,473,196,246.07 |
6.CashFlowStatementoftheCompanyastheParent
Unit:RMB
| Item | H12023 | H12022 |
| 1.Cashflowsfromoperatingactivities: | ||
| Proceedsfromsaleofcommoditiesandrenderingofservices | 65,620,304.10 | 25,384,592.62 |
| Taxrebates | 0.00 | 0.00 |
| Cashgeneratedfromotheroperatingactivities | 720,171,786.00 | 1,332,729,141.98 |
| Subtotalofcashgeneratedfromoperatingactivities | 785,792,090.10 | 1,358,113,734.60 |
| Paymentsforcommoditiesandservices | 30,896,291.92 | 31,342,993.24 |
| Cashpaidtoandforemployees | 31,086,528.03 | 35,011,651.40 |
| Taxespaid | 39,797,238.94 | 25,455,041.33 |
| Cashusedinotheroperatingactivities | 294,025,250.18 | 1,183,602,910.44 |
| Subtotalofcashusedinoperatingactivities | 395,805,309.07 | 1,275,412,596.41 |
| Netcashgeneratedfrom/usedinoperatingactivities | 389,986,781.03 | 82,701,138.19 |
| 2.Cashflowsfrominvestingactivities: |
| Proceedsfromdisinvestment | 0.00 | 0.00 |
| Returnoninvestment | 63,120.00 | 0.00 |
| Netproceedsfromthedisposaloffixedassets,intangibleassetsandotherlong-livedassets | 0.00 | 209.00 |
| Netproceedsfromthedisposalofsubsidiariesandotherbusinessunits | 0.00 | 0.00 |
| Cashgeneratedfromotherinvestingactivities | 0.00 | 0.00 |
| Subtotalofcashgeneratedfrominvestingactivities | 63,120.00 | 209.00 |
| Paymentsfortheacquisitionoffixedassets,intangibleassetsandotherlong-livedassets | 152,169.34 | 390,961.75 |
| Paymentsforinvestments | 148,000,000.00 | 389,000,000.00 |
| Netpaymentsfortheacquisitionofsubsidiariesandotherbusinessunits | 0.00 | 0.00 |
| Cashusedinotherinvestingactivities | 0.00 | 0.00 |
| Subtotalofcashusedininvestingactivities | 148,152,169.34 | 389,390,961.75 |
| Netcashgeneratedfrom/usedininvestingactivities | -148,089,049.34 | -389,390,752.75 |
| 3.Cashflowsfromfinancingactivities: | ||
| Capitalcontributionsreceived | ||
| Borrowingsraised | 0.00 | 125,000,000.00 |
| Cashgeneratedfromotherfinancingactivities | ||
| Subtotalofcashgeneratedfromfinancingactivities | 0.00 | 125,000,000.00 |
| Repaymentofborrowings | 30,800,000.00 | 30,800,000.00 |
| Interestanddividendspaid | 13,132,759.86 | 13,015,483.64 |
| Cashusedinotherfinancingactivities | 0.00 | 1,227,250.00 |
| Subtotalofcashusedinfinancingactivities | 43,932,759.86 | 45,042,733.64 |
| Netcashgeneratedfrom/usedinfinancingactivities | -43,932,759.86 | 79,957,266.36 |
| 4.Effectofforeignexchangerateschangesoncashandcashequivalents | 38,215.73 | 20,809.20 |
| 5.Netincreaseincashandcashequivalents | 198,003,187.56 | -226,711,539.00 |
| Add:Cashandcashequivalents,beginningoftheperiod | 528,268,054.39 | 808,411,401.68 |
| 6.Cashandcashequivalents,endoftheperiod | 726,271,241.95 | 581,699,862.68 |
7.ConsolidatedStatementsofChangesinOwners’Equity
H12023
Unit:RMB
| Item | H12023 | ||||||||||||||
| EquityattributabletoownersoftheCompanyastheparent | Non-controlli | Totalowners’ | |||||||||||||
| Sharecapi | Otherequityinstruments | Capitalrese | Less:Trea | Othercom | Specificrese | Surplusrese | Generalrese | Retainedearn | Other | Subtotal | |||||
| Pref | Perp | Oth | |||||||||||||
| tal | erredshares | etualbonds | er | rves | surystock | prehensiveincome | rve | rves | rve | ings | nginterests | equity | |||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 80,488,045.38 | -3,854,377.95 | 48,886,605.81 | 3,691,056,182.73 | 4,412,555,547.97 | 56,255,522.46 | 4,468,811,070.43 | |||||||
| Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
| Adjustmentforcorrectionofpreviouserror | |||||||||||||||
| Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||||
| Otheradjustments | |||||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 80,488,045.38 | -3,854,377.95 | 48,886,605.81 | 3,691,056,182.73 | 4,412,555,547.97 | 56,255,522.46 | 4,468,811,070.43 | |||||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | 0.00 | 0.00 | 1,404,020.27 | 0.00 | 0.00 | 0.00 | 4,110,169.73 | 5,514,190.00 | -6,502,188.58 | -987,998.58 | |||||
| 3.1Totalcomprehensiveincome | 1,404,020.27 | 220,903,444.63 | 222,307,464.90 | -6,257,188.58 | 216,050,276.32 | ||||||||||
| 3.2Capitalincreasedandreducedbyowners | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1,644,822.69 | -1,644,822.69 | -1,644,822.69 | ||||||
| 3.2.1Ordinarysharesincreasedbyowners | 0.00 | 0.00 | |||||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | 0.00 | 0.00 | |||||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’ | 0.00 | 0.00 |
| equity | ||||||
| 3.2.4Other | -1,644,822.69 | -1,644,822.69 | -1,644,822.69 | |||
| 3.3Profitdistribution | -215,148,452.21 | -215,148,452.21 | -245,000.00 | -215,393,452.21 | ||
| 3.3.1Appropriationtosurplusreserves | 0.00 | 0.00 | ||||
| 3.3.2Appropriationtogeneralreserve | 0.00 | 0.00 | ||||
| 3.3.3Appropriationtoowners(orshareholders) | -215,148,452.21 | -215,148,452.21 | -245,000.00 | -215,393,452.21 | ||
| 3.3.4Other | 0.00 | 0.00 | ||||
| 3.4Transferswithinowners’equity | 0.00 | 0.00 | ||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | 0.00 | 0.00 | ||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | 0.00 | 0.00 | ||||
| 3.4.3Lossoffsetbysurplusreserves | 0.00 | 0.00 | ||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | 0.00 | 0.00 | ||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | 0.00 | 0.00 | ||||
| 3.4.6Other | 0.00 | 0.00 | ||||
| 3.5 | 0.00 | 0.00 |
| Specificreserve | |||||||||||||||
| 3.5.1Increaseintheperiod | 0.00 | 0.00 | |||||||||||||
| 3.5.2Usedintheperiod | 0.00 | 0.00 | |||||||||||||
| 3.6Other | 0.00 | 0.00 | |||||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 0.00 | 0.00 | 0.00 | 80,488,045.38 | 0.00 | -2,450,357.68 | 0.00 | 48,886,605.81 | 0.00 | 3,695,166,352.46 | 4,418,069,737.97 | 49,753,333.88 | 4,467,823,071.85 |
H12022
Unit:RMB
| Item | H12022 | ||||||||||||||
| EquityattributabletoownersoftheCompanyastheparent | Non-controllinginterests | Totalowners’equity | |||||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Generalreserve | Retainedearnings | Other | Subtotal | |||||
| Preferredshares | Perpetualbonds | Other | |||||||||||||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 0.00 | 0.00 | 0.00 | 146,986,167.70 | 0.00 | -8,174,653.66 | 0.00 | 47,574,940.18 | 0.00 | 3,800,901,413.35 | 4,583,266,959.57 | 46,819,613.19 | 4,630,086,572.76 | |
| Add:Adjustmentforchangeinaccountingpolicy | |||||||||||||||
| Adjustmentforcorrectionofpreviouserror | |||||||||||||||
| Adjustmentforbusinesscombinationundercommoncontrol | |||||||||||||||
| Otheradjustments | |||||||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 595,979,092.00 | 0.00 | 0.00 | 0.00 | 146,986,167.70 | 0.00 | -8,174,653.66 | 0.00 | 47,574,940.18 | 0.00 | 3,800,901,413.35 | 4,583,266,959.57 | 46,819,613.19 | 4,630,086,572.76 | |
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -66,498,122.32 | 0.00 | 2,063,279.42 | 0.00 | -17,937,391.71 | 0.00 | -362,926,701.89 | -445,298,936.50 | -8,241,129.48 | -453,540,065.98 | |||||
| 3.1Totalcomprehensiveincome | 2,063,27 | 250,802, | 252,865, | -9,50 | 243,364, | ||||||||||
| 9.42 | 157.71 | 437.13 | 1,129.48 | 307.65 | ||||||||
| 3.2Capitalincreasedandreducedbyowners | -66,498,122.32 | 0.00 | 0.00 | 0.00 | -17,937,391.71 | 0.00 | -208,463,077.04 | -292,898,591.07 | 1,260,000.00 | -291,638,591.07 | ||
| 3.2.1Ordinarysharesincreasedbyowners | 0.00 | 1,260,000.00 | 1,260,000.00 | |||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | 0.00 | 0.00 | ||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | 0.00 | 0.00 | ||||||||||
| 3.2.4Other | -66,498,122.32 | -17,937,391.71 | -208,463,077.04 | -292,898,591.07 | -292,898,591.07 | |||||||
| 3.3Profitdistribution | -405,265,782.56 | -405,265,782.56 | -405,265,782.56 | |||||||||
| 3.3.1Appropriationtosurplusreserves | 0.00 | 0.00 | ||||||||||
| 3.3.2Appropriationtogeneralreserve | 0.00 | 0.00 | ||||||||||
| 3.3.3Appropriationtoowners(orshareholders) | -405,265,782.56 | -405,265,782.56 | -405,265,782.56 | |||||||||
| 3.3.4Other | 0.00 | 0.00 | ||||||||||
| 3.4Transferswithinowners’equity | 0.00 | 0.00 | ||||||||||
| 3.4.1Increaseincapital(orsharecapital)fromcapitalreserves | 0.00 | 0.00 | ||||||||||
| 3.4.2Increaseincapital(or | 0.00 | 0.00 |
| sharecapital)fromsurplusreserves | |||||||||||||||
| 3.4.3Lossoffsetbysurplusreserves | 0.00 | 0.00 | |||||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | 0.00 | 0.00 | |||||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | 0.00 | 0.00 | |||||||||||||
| 3.4.6Other | 0.00 | 0.00 | |||||||||||||
| 3.5Specificreserve | 0.00 | 0.00 | |||||||||||||
| 3.5.1Increaseintheperiod | 0.00 | 0.00 | |||||||||||||
| 3.5.2Usedintheperiod | 0.00 | 0.00 | |||||||||||||
| 3.6Other | 0.00 | 0.00 | |||||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 0.00 | 0.00 | 0.00 | 80,488,045.38 | 0.00 | -6,111,374.24 | 0.00 | 29,637,548.47 | 0.00 | 3,437,974,711.46 | 4,137,968,023.07 | 38,578,483.71 | 4,176,546,506.78 |
8.StatementsofChangesinOwners’EquityoftheCompanyastheParent
H12023
Unit:RMB
| Item | H12023 | |||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
| Preferredshares | Perpetualbonds | Other | ||||||||||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 53,876,380.11 | -2,742,841.65 | 48,886,605.81 | 1,105,473,319.87 | 1,801,472,556.14 | ||||||
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
| Adjustmentforcorrectionof | ||||||||||||
| previouserror | ||||||||||
| Otheradjustments | ||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 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 | ||||
| 3.Increase/decreaseintheperiod(“-”fordecrease) | -275,978.56 | -31,917,534.27 | -32,193,512.83 | |||||||
| 3.1Totalcomprehensiveincome | -275,978.56 | 183,230,917.94 | 182,954,939.38 | |||||||
| 3.2Capitalincreasedandreducedbyowners | ||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
| 3.2.4Other | ||||||||||
| 3.3Profitdistribution | -215,148,452.21 | -215,148,452.21 | ||||||||
| 3.3.1Appropriationtosurplusreserves | ||||||||||
| 3.3.2Appropriationtoowners(orshareholders) | -215,148,452.21 | -215,148,452.21 | ||||||||
| 3.3.3Other | ||||||||||
| 3.4Transferswithinowners’equity | ||||||||||
| 3.4.1Increaseincapital(or |
| sharecapital)fromcapitalreserves | ||||||||||
| 3.4.2Increaseincapital(orsharecapital)fromsurplusreserves | ||||||||||
| 3.4.3Lossoffsetbysurplusreserves | ||||||||||
| 3.4.4Changesindefinedbenefitschemestransferredtoretainedearnings | ||||||||||
| 3.4.5Othercomprehensiveincometransferredtoretainedearnings | ||||||||||
| 3.4.6Other | ||||||||||
| 3.5Specificreserve | ||||||||||
| 3.5.1Increaseintheperiod | ||||||||||
| 3.5.2Usedintheperiod | ||||||||||
| 3.6Other | ||||||||||
| 4.Balanceasattheendoftheperiod | 595,979,092.00 | 53,876,380.11 | -3,018,820.21 | 48,886,605.81 | 1,073,555,785.60 | 1,769,279,043.31 |
H12022
Unit:RMB
| Item | H12022 | |||||||||||
| Sharecapital | Otherequityinstruments | Capitalreserves | Less:Treasurystock | Othercomprehensiveincome | Specificreserve | Surplusreserves | Retainedearnings | Other | Totalowners’equity | |||
| Preferredshares | Perpetualbonds | Other | ||||||||||
| 1.BalanceasattheendoftheReportingPeriodoftheprioryear | 595,979,092.00 | 53,876,380.11 | -2,574,121.54 | 29,637,548.47 | 1,337,497,586.41 | 2,014,416,485.45 | ||||||
| Add:Adjustmentforchangeinaccountingpolicy | ||||||||||||
| Adjustmentforcorrectionofpreviouserror | ||||||||||
| Otheradjustments | ||||||||||
| 2.BalanceasatthebeginningoftheReportingPeriodoftheyear | 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) | -118,365.58 | -375,500,462.59 | -375,618,828.17 | |||||||
| 3.1Totalcomprehensiveincome | -118,365.58 | 29,765,319.97 | 29,646,954.39 | |||||||
| 3.2Capitalincreasedandreducedbyowners | ||||||||||
| 3.2.1Ordinarysharesincreasedbyowners | ||||||||||
| 3.2.2Capitalincreasedbyholdersofotherequityinstruments | ||||||||||
| 3.2.3Share-basedpaymentsincludedinowners’equity | ||||||||||
| 3.2.4Other | ||||||||||
| 3.3Profitdistribution | -405,265,782.56 | -405,265,782.56 | ||||||||
| 3.3.1Appropriationtosurplusreserves | ||||||||||
| 3.3.2Appropriationtoowners(orshareholders) | -405,265,782.56 | -405,265,782.56 | ||||||||
| 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 | -2,692,487.12 | 29,637,548.47 | 961,997,123.82 | 1,638,797,657.28 |
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,domestictradingandmaterialssupplyand
marketing(excludingexclusivedealingandmonopolysoldproductsandcommoditiesunderspecialcontroltopurchase).Mainproductsorservicesrenderedmainlyincludethedevelopmentandsalesofcommercialresidentialhousing;propertymanagement;buildingsandthebuildingdevicesmaintenance,gardenafforestandcleaningservice;propertyleasing;superviseandmanagementoftheengineering;retailsoftheChinesefood,Western-stylefoodandwines,andetc.Thefinancialstatementswereapprovedandauthorizedforissuebythe19
thMeetingofthe10
th
BoardofDirectorsoftheCompanyon25August2023.TheconsolidationscopeoftheCompany’sconsolidatedfinancialstatementswasdeterminedbasedonthecontrol.Therewere62subsidiariesincludingShenzhenHuangchengRealEstateCo.,Ltd.,DongguanGuomaoChangshengRealEstateDevelopmentCo.,Ltd.,ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.includedintheconsolidationfinancialstatementsinthisreport.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.Thespecificcycleshallbedeterminedbythe
developmentprojectandclassifiedbytheassetsandliabilitiesliquidity.
4.StandardCurrencyofAccountsTheCompanyadoptsRenminbiasastandardcurrencyofaccounts.
5.AccountingProcessofBusinessCombinationsundertheSameControlandnotundertheSameControl
1.AccountingProcessofBusinessCombinationsundertheSameControlForbusinesscombinationunderthesamecontrolachievedthroughonetransactionorstepbystepthroughmultipletransactionsbytheCompany,theassetsandliabilitiesacquiredinabusinesscombinationaremeasuredatthecarryingvalueoftheacquireeintheconsolidatedfinancialstatementsoftheultimatecontrollingpartyatthedateofcombination.ThedifferencebetweenthecarryingvalueofnetassetsacquiredbytheCompanyandthecarryingvalueofthecombinationconsiderationpaid(orthetotalnominalvalueofsharesissued)isreferredtoforadjustingcapitalreserve;ifcapitalreserveisnotsufficienttooffsetthedifference,thenretainedearningsareadjusted.
2.AccountingProcessofBusinessCombinationsnotundertheSameControlTheGroupshallrecognizethepositivebalancebetweenthecombinationcostsandthefairvalueoftheidentifiablenetassetsobtainedfromtheacquireeonpurchasedateasgoodwill.Ifthecombinationcostsarelessthanthefairvalueoftheidentifiablenetassetsobtainedfromtheacquire,theCompanyshallrecheckthevariousidentifiableassetsandliabilitiesobtainedfromtheacquire,fairvaluewithliabilities,andmeasurementofcombinationcosts.Ifthecombinationcostsarelessthanthefairvalueoftheidentifiablenetassetsobtainedfromtheacquireafterrecheck,theCompanyshalltherecordthebalanceintotheprofitandlossofthecurrentperiod.Businesscombinationsnotunderthesamecontrolachievedstepbystepthroughmultipletransactionsshouldbetreatedinthefollowingorder:
(1)Adjustingtheinitialinvestmentcostoflong-termequityinvestmentIftheequityheldpriortothedateofpurchaseisaccountedundertheequitymethod,theequityisremeasuredatthefairvalueonthepurchasedate,andthedifferencebetweenthefairvalueanditscarryingvalueisincludedintheinvestmentincomeofthecurrentperiod;iftheequityintheacquireeheldpriortothepurchasedateinvolvesothercomprehensiveincomeorchangesinotherowners'equityundertheequitymethodofaccounting,itisconvertedintoincomeforthecurrentperiodonthepurchasedate,exceptforothercomprehensiveincomearisingfromthere-measurementoftheinvestee'snetliabilitiesofthedefinedbenefitpensionplanorchangesinnetassetsofthedefinedbenefitplanandchangesinthefairvalueofinvestmentsinotherequityinstrumentsheld.
(2)Determiningthegoodwill(ortheamountincludedintheprofitorlossforthecurrentperiod)Whencomparingtheinitialinvestmentcostoflong-termequityinvestmentsadjustedinthefirststepwiththeshareofthefairvalueoftheidentifiablenetassetsofthesubsidiaryonthepurchasedate,iftheformerismorethanthelatter,thedifferencebetweentheformerandthelatterisrecognizedasgoodwill;iftheformerislessthanthelatter,thedifferenceisincludedinprofitorlossforthecurrentperiod.Step-by-stepdisposalofequitythroughmultipletransactionsthatresultsinlossofcontroloverthesubsidiary
(1)Principlesfordeterminingwhethertransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiaryconstitutea"packagedeal"Themultipletransactionsaregenerallyregardedasa"packagedeal"inaccountingtreatmentiftheclauses,conditions,andeconomicimpactsofvarioustransactionsfallunderoneormoreofthefollowingcircumstances:
1)Thesetransactionsarereachedconcurrentlyoraftertheimpactthereofoneachotheristakenintoconsideration.
2)Thesetransactionsmayachieveacompletebusinessresultonlyasawhole.
3)Theoccurrenceofatransactiondependsontheoccurrenceof,ataminimum,oneanothertransaction.
4)Atransactionisconsidereduneconomicalseparatelybutisconsideredeconomicalwhenothertransactionsarealsotakenintoconsideration.
(2)Accountingtreatmentwhentransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiaryconstitutea"packagedeal"Ifthetransactionsinthedisposalofequityofasubsidiarythatresultsinthelossofcontrolconstituteapackagedeal,eachtransactionshouldbeaccountedforasatransactionthatdisposesofandlosescontroloverasubsidiary;however,thedifferencebetweenthedisposalpriceandtheshareofthenetassetsofthesubsidiarycorrespondingtothedisposaloftheinvestmentforeachdisposalpriortothelossofcontrolshouldberecognizedasothercomprehensiveearningsintheconsolidatedfinancialstatementsandtransferredtoprofitorlossforthecurrentperiodwhentheCompanylostthecontrol.Intheconsolidatedfinancialstatements,theremainingequityshouldberemeasuredatfairvalueonthedateoflossofcontrol.ThesumoftheconsiderationobtainedfromthedispositionofequityandthefairvalueoftheresidualequityminustheCompany'sportionofnetassetsintheformersubsidiarycalculatedfromthedateofcombinationonanongoingbasisattheoriginalshareholdingratioisincludedinthereturnoninvestmentforthecurrentperiodwhentheCompanylostthecontrol.OthercomprehensiveincomerelatedtotheequityinvestmentsintheformersubsidiaryshouldbeincludedinthereturnoninvestmentorretainedearningsforthecurrentperiodwhentheCompanylostthecontrol.
(3)Accountingtreatmentwhentransactionsintheprocessofstep-by-stepdisposalofequitythatresultsinthelossofcontroloverasubsidiarydonotconstitutea"packagedeal"IftheCompanydisposesofinvestmentsmadeinitssubsidiarywithoutlosingcontroloverthesubsidiary,intheconsolidatedfinancialstatements,thedifferencebetweenthepaymentforequitydisposedofandtheCompany'scorrespondingportionofnetassetsinthesubsidiaryisincludedinthecapitalreserve.Ifthecapitalreserveisinsufficientforoffset,theretainedearningsshouldbeadjusted.Ifthedisposalofinvestmentsmadeinitssubsidiaryresultsinalossofcontroloverthesubsidiary,intheconsolidatedfinancialstatements,theremainingequityshouldberemeasuredatthefairvalueonthedateoflossofcontrol.ThesumoftheconsiderationobtainedfromthedispositionofequityandthefairvalueoftheresidualequityminustheCompany'sportionofnetassetsintheformersubsidiarycalculatedfromthedateofcombinationonanongoingbasisattheoriginalshareholdingratioisincludedinthereturnoninvestmentforthecurrentperiodwhentheCompanylostthecontrol.OthercomprehensiveincomerelatedtotheequityinvestmentsintheformersubsidiaryshouldbeincludedinthereturnoninvestmentorretainedearningsforthecurrentperiodwhentheCompanylostthecontrol.
6.MethodsforPreparingConsolidatedFinancialStatementsBasedonthefinancialstatementsoftheCompanyastheparentanditssubsidiariesandotherrelatedmaterials,theconsolidatedfinancialstatementswerepreparedbytheGroupastheparentaccordingtoAccountingStandardsforEnterprisesNo.33–ConsolidatedFinancialStatements.
7.ClassificationofJointarrangementsandAccountingTreatmentofJointOperations
1.IdentificationandclassificationofjointarrangementsAjointarrangementisanarrangementoverwhichtwoormorepartieshavejointcontrol.Ajointarrangementhasthefollowingcharacteristics:(1)Eachparticipantisboundbythearrangement;(2)twoormorepartiesofthejointarrangementexercisejoint
controloverthearrangement.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.,writtenofffromitsaccountandbalancesheet,ifthefollowingconditionsaremet:
(1)Therighttoreceivecashflowsfromfinancialassetshasexpired;
(2)Therighttoreceivecashflowsfromthefinancialassetsistransferred,ortheobligationtopaythefullamountofcashflowsreceivedtoathirdpartyinatimelymannerisassumedundera"pass-throughagreement";and(a)substantiallyalmostalltherisksandrewardsofitsownershipofthefinancialassetsaretransferred,or(b)controloverthefinancialassetisrelinquished,althoughsubstantiallyalltherisksandrewardsofitsownershipofthefinancialassetsareneithertransferrednorretained.
2.ClassificationandmeasurementoffinancialassetsAtinitialrecognition,accordingtothebusinessmodelofmanagingfinancialassetsandthecontractualcashflowcharacteristicsoffinancialassets,financialassetsoftheGroupareclassifiedintothefollowingcategories:Financialassetsmeasuredattheamortizedcost,financialassetsmeasuredatfairvaluethroughothercomprehensiveincomeofthecurrentperiod,andfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.Thesubsequentmeasurementoffinancialassetsdependedontheircategories.TheGroup'sclassificationoffinancialassetsisbasedontheGroup'sbusinessmodelformanagingfinancialassetsandthecashflowcharacteristicsofthefinancialassets.
(1)FinancialassetsmeasuredatamortizedcostFinancialassetsthatmeetbothofthefollowingconditionsshallbeclassifiedasfinancialassetsmeasuredatamortizedcost:TheGroup'sbusinessmodelofmanagingthefinancialassetsaimsatobtainingcontractualcashflows;and,asstipulatedbycontractclausesofthefinancialassets,thecashflowsgeneratedonaspecificdatearemerelyforthepaymentofprincipalorinterestfromtheunpaidprincipal.Suchfinancialassetsaresubsequentlymeasuredatamortizedcostusingtheeffectiveinterestmethod.Gainorlossarisingfromderecognitionoramortizationusingtheeffectiveinterestmethodisincludedinprofitandlossforthecurrentperiod.
(2)DebtinstrumentinvestmentmeasuredatfairvaluethroughothercomprehensiveincomeFinancialassetsthatmeetallthefollowingconditionsshallbeclassifiedasfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincome:TheGroup'sbusinessmodelofmanagingthefinancialassetsaimsatobtainingcontractualcashflowsaswellassellingfinancialassets;and,asstipulatedbycontractclausesofthefinancialassets,thecashflowsgeneratedonaspecificdatearemerelyforthepaymentofprincipalorinterestfromtheunpaidprincipal.Suchfinancialassetsshallbesubsequentlymeasuredatfairvalue.Thediscountorpremiumisamortizedusingtheeffectiveinterestmethodandrecognizedasinterestincomeorexpense.Exceptforimpairmentlossesorgainsandexchangedifferencesthatarerecognizedasprofitandlossforthecurrentperiod,changesinthefairvalueofsuchfinancialassetsshallberecognizedasothercomprehensiveincome,untilthefinancialassetsarederecognizedwhenaccumulativegainsorlossesshallbetransferredtoprofitandlossforthecurrentperiod.Interestincomerelatedtosuchfinancialassetsisincludedinprofitorlossforthecurrentperiod.
(3)Equityinstrumentinvestmentmeasuredatfairvaluethroughothercomprehensiveincome
ForfinancialassetsmeasuredatfairvaluethroughothercomprehensiveincomethatareirrevocablychosenanddesignatedbytheGroupfromsomenon-tradingequityinstruments,therelevantdividendincomeshallbeincludedinprofitandlossforthecurrentperiodandchangesinthefairvalueshallberecognizedasothercomprehensiveincome,untilthefinancialassetsarederecognizedwhenaccumulativegainsorlossesshallbetransferredtoretainedearnings.
(4)FinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiodTheaforementionedfinancialassetsmeasuredatamortizedcostandfinancialassetsotherthanthosemeasuredatfairvaluethroughothercomprehensiveincomeareclassifiedasfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.Atinitialrecognition,inordertoeliminateorsignificantlyreduceaccountingmismatch,financialassetscanbedesignatedasfinancialassetsmeasuredatfairvaluethroughprofitorlossforthecurrentperiod.Suchfinancialassetsshallbemeasuredatfairvalue,andallchangesinfairvalueareincludedintheprofitandlossforthecurrentperiod.WhenandonlywhentheGroupchangesitsbusinessmodelofmanagingfinancialassets,allrelevantfinancialassetsaffectedwillbere-classified.Forfinancialassetsmeasuredatfairvaluethroughprofitandlossforthecurrentperiod,transactioncostsaredirectlyincludedinprofitandlossforthecurrentperiod.Forothertypesoffinancialassets,relatedtransactioncostsareincludedintheirinitialrecognizedamounts.
3.ClassificationandmeasurementoffinancialliabilitiesAtinitialrecognition,thefinancialliabilitiesoftheGroupareclassifiedintothefollowingcategories:Financialliabilitiesmeasuredattheamortizedcost,andfinancialliabilitiesmeasuredatfairvaluethroughprofitandlossforthecurrentperiod.Financialliabilitiescanbedesignatedasfinancialliabilitiesmeasuredatfairvaluethroughprofitorlossforthecurrentperiodatinitialmeasurementifoneofthefollowingconditionsismet:(1)Thedesignationcaneliminateorsignificantlyreduceaccountingmismatch;(2)themanagementandperformanceevaluationofaportfoliooffinancialliabilitiesoraportfoliooffinancialassetsandfinancialliabilitiesarebasedonfairvalueinaccordancewiththeGroup'sriskmanagementorinvestmentstrategyassetoutinaformalwrittendocument,andarereportedtokeymanagementpersonnelonthisbasiswithintheGroup;(3)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.Expectedcreditlossreferstoweightedaverageofcreditlossoffinancialinstrumentwhichtakestheriskofcontractbreachoccurrenceastheweight.Creditlossreferstothedifferencebetweenallcontractcashflowwhichisconvertedintocashaccordingtoactualinterestrateandreceivableaccordingtocontractandallcashflowwhichtobechargedasexpected,i.e.currentvalueofallcashshortage.Amongit,asforfinancialassetpurchasedororiginalwhichhashadcreditimpairment,itshouldbeconvertedintocashaccordingactualinterestrateofthisfinancialassetaftercreditadjustment.Asforfinancialassetpurchasedororiginalwhichhashadcreditimpairment,theCompanyonlyconfirmscumulativechangeofexpectedcreditlosswithinthewholedurationafterinitialconfirmationonthebalancesheetdateaslossreserve.Asforaccountsreceivablewhichdon’tincludemajorfinancingcontentsortheCompanydoesnotconsiderfinancingcontentsincontractwhichislessthanoneyear,theCompanyappliessimplifiedmeasurementmethod,andmeasureslossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration.Asforaccountreceivableofrentalandaccountsreceivableincludingmajorfinancingcontents,theCompanyappliessimplifiedmeasurementmethod,andmeasurelossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration.Asforfinancialassetbeyondabovementionedmeasurementmethods,theCompanyevaluateswhetheritscreditriskhasincreasedobviouslysincetheinitialconfirmationoneachbalancesheetdate.Incasecreditriskhasincreasedobviously,theCompanymeasuresthelossreserveaccordingtoamountofexpectedcreditlosswithinthewholeduration;incasethecreditriskdoesnotincreaseobviously,theCompanymeasureslossreserveaccordingtotheamountofexpectedcreditlossinnext12months.Byutilizingobtainablerationalandwellgroundedinformation,includingforward-lookinginformation,comparingtheriskofcontractbreachonbalancesheetdateandriskofcontractbreachoninitialconfirmationdate,theCompanyconfirmswhetherthecreditriskoffinancialinstrumenthasincreasedobviouslyfrominitialconfirmation.Onbalancesheetdate,incasetheCompanyjudgesthatthefinancialinstrumentjusthasrelativelylowcreditrisk,thenitwillbeassumedthatcreditriskofthefinancialinstrumenthasnotincreasedobviously.Basedonsinglefinancialinstrumentorfinancialportfolio,theCompanyevaluatesexpectedcreditriskandmeasuresexpectedcreditloss.Whenbasedonfinancialinstrumentportfolio,theCompanytakescommonriskcharacteristicsasthebasis,anddividesfinancialinstrumentsintodifferentportfolios.TheCompanymeasuresexpectedcreditlossagainoneachbalancesheetdate,theincreaseoflossreserveoramountwhichistransferbackgeneratedbyitiscalculatedintocurrentprofitsandlossesasimpairmentprofitsorlosses.Asforfinancialassetwhichismeasuredbyamortizedcost,lossreserveoffsetsthecarryingvalueofthefinancialassetlistedinthebalancesheet;asfordebtinvestmentwhichismeasuredbyfairvalueandwhosechangeiscalculatedintoothercomprehensiveprofits,theCompanyconfirmsitslossreserveinothercomprehensiveprofitsanddoesnotoffsetthecarryingvalueofthefinancialasset.
(2)Financialinstrumentsassessingexpectedcreditriskbygroupsandmeasuringexpectedcreditlosses
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Otherreceivables-intercoursefundsamongrelatedpartygroupwithintheconsolidationscope | Accountsnature | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife |
| Otherreceivables-interestreceivablegroup | ||
| Otherreceivables-otherintercoursefundsamongrelatedpartygroup | ||
| Otherreceivables-creditriskcharacteristics | Aginggroup | Consultinghistoricalexperienceincreditlosses, |
groupcombiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithinthenext12monthsortheentirelife
(3)Accountsreceivablewithexpectedcreditlossesmeasuredbygroups
①Specificgroupsandmethodofmeasuringexpectedcreditloss
| Item | Recognitionbasis | Methodofmeasuringexpectedcreditlosses |
| Bank’sacceptancebillsreceivable | Billtype | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithintheentirelife |
| Tradeacceptancebillsreceivable | ||
| Accountsreceivable-otherintercoursefundsamongrelatedpartygroup | Accountnature | Consultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation,thegroup’sexpectedcreditlossrateshallbeaccountedthroughexposureatdefaultandtheexpectedcreditlossratewithintheentirelife |
| Accountsreceivable-creditriskcharacteristicsgroup | Aginggroup | Preparethecomparativelistbetweenagingofaccountsreceivableandexpectedcreditlossrateovertheentirelifebyconsultinghistoricalexperienceincreditlosses,combiningactualsituationandpredictionforfutureeconomicsituation |
②Accountsreceivable-thecomparativelistbetweenagingofcommoncustomergroupandexpectedcreditlossrateovertheentirelife
| Aging | Expectedcreditlossrateofaccountsreceivable(%) |
| Within1year(inclusive,thesamebelow) | 3.00 |
| 1to2years | 10.00 |
| 2to3years | 30.00 |
| 3to4years | 50.00 |
| 4to5years | 80.00 |
| Over5years | 100.00 |
6.FinancialassettransferFinancialassetsarederecognizediftheGrouphastransferredalmostalltherisksandrewardsofitsownershiptransferredtothetransferor;financialassetsarenotderecognizediftheGrouphasretainedalmostalltherisksandrewardsofitsownership.IftheGrouphasneithertransferrednorretainedalmostalltherisksandrewardsofitsownershipofthetransferredfinancialassets,itwillbetreatedrespectivelyaccordingtothefollowingcircumstances:Ifthecontroloverthefinancialassetsiswaived,relevantfinancialassetsshallbederecognized,andtheassetsandliabilitiesarisingfromthemshallberecognized;ifthecontroloverthefinancialassetsisnotwaived,relevantfinancialassetsshallberecognizedbasedontheextentofcontinuinginvolvementwithtransferredfinancialassets,andrelatedliabilitiesshallberecognizedaccordingly.Ifcontinuinginvolvementisprovidedbywayoffinancialguaranteeforthetransferredfinancialassets,theassetsresultingfromthecontinuinginvolvementarerecognizedatthelowerofthecarryingvalueofthefinancialassetsandthefinancialguaranteeamount.Thefinancialguaranteeamountreferstothemaximumamountoftheconsiderationreceivedthatwillberequiredtoberepaid.
11.NotesReceivableRefertoNoteV10FinancialInstrumentsofthefinancialstatementsfordetails.
12.AccountsReceivableRefertoNoteV10FinancialInstrumentsofthefinancialstatementsfordetails.
13.AccountsReceivableFinancingNotapplicable.
14.OtherReceivablesRecognitionandaccountingtreatmentmethodsregardingexpectedcreditlossesofotherreceivablesRefertoNoteV10FinancialInstrumentsofthefinancialstatementsfordetails.
15.Inventory
(1)InventoriesClassificationInventoriesincludedevelopmentlandheldforsaleorconsumptionintheprocessofdevelopmentandoperation,developmentproducts,temporarilyleaseddevelopmentproductswhichintendedforsale,relocationhousing,stockmaterials,inventoryequipment,andlow-valueconsumables,etc.,aswellasdevelopmentcostsintheprocessofdevelopment.
(2)CostFlowAssumption
1)Send-outmaterialsshalladoptthemovingweightedaveragemethod.
2)Duringthedevelopmentoftheproject,thedevelopmentlandshallbeincludedinthedevelopmentcostoftheprojectbythefloorareaapportionofthedevelopedproducts.
3)Send-outdevelopedproductsshallbeaccountedbyspecificidentificationmethod.
4)ThetemporarilyleaseddevelopmentproductswhichintendedforsaleandrelocationhousingshallbeamortizedaveragelybystagesaccordingtotheexpectedusefullifeofthesamekindoffixedassetsoftheCompany.
5)Ifthepublicsupportingfacilitiesarecompletedearlierthantherelevantdevelopmentproducts,afterthefinalaccountofthepublicsupportingfacilities，itshallbeaccountintothedevelopmentcostoftherelevantdevelopmentprojectsaccordingtothebuildingarea;Ifthepublicsupportingfacilitiesarecompletedlaterthantherelevantdevelopmentproducts,therelevantdevelopmentproductsshallwithholdthepublicsupportingfacilitiesfees,andadjusttherelevantdevelopmentproductcostsaccordingtothedifferencebetweentheactualoccurrenceandthewithholdamountafterthecompletedpublicsupportingfacilities'finalaccounts.
(3)RecognitionbasisofNetRealizableValueofInventoryOnthebalancesheetdate,inventoryshallbemeasuredatthelowerofcostornetrealizablevalue,andprovisionshallbemadeforfallingpriceofinventoriesonthegroundofthedifferencebetweenthecostofeachitemofinventoriesandthenetrealizablevalue.Inventoriesdirectlyforsale,undernormalproducingprocess,totheamountafterdeductingtheestimatedsaleexpenseandrelevanttaxesfromtheestimatedsellpriceoftheinventory,thenetrealizablevaluehasbeenrecognized;inventorieswhichneedtobeprocessed,undernormalproducingprocess,totheamountafterdeductingtheestimatedcostofcompletion,estimatedsaleexpenseandrelevanttaxesfromtheestimatedsalepriceofproducedfinishedgoods,thenetrealizablevaluehasbeenrecognized;onthebalancesheetdate,inthesameitemofinventories,ifsomehavecontractualpriceagreementwhileothersdonot,thenetrealizablevalueshallberecognizedrespectivelyandcomparedwiththeircost,andtheamountofprovisionwithdrawalorreversalforfallingpriceofinventoriesshallberecognizedrespectively.
(4)InventorySystemforInventoriesInventorysystem:Perpetualinventorysystem
(5)AmortizationMethodoftheLow-valueConsumptionGoodsandPackingArticles
1)Low-valueConsumptionGoodsOne-offamortizationmethod
2)PackingArticlesOne-offamortizationmethod
16.ContractAssetsTheCompanypresentscontractassetsorcontractliabilitiesonthebalancesheetaccordingtotherelationshipbetweenthefulfillmentofitscontractperformanceobligationsanditscustomers’payment.ConsiderationsthattheCompanyhastherighttocollectfor
commoditiestransferredorservicesprovidedtocustomers(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-currentassetsinthedisposalgroupmeasuredaccordingtorelevantStandard.
Whenthenetamountoffairvalueofnon-currentassetsavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedafterbeingclassifiedasavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Theimpairmentlossofassetsrecognizedbeforebeingclassifiedasavailableforsaleassetsshallnotbereversed.Whenthenetamountoffairvalueofdisposalgroupavailableforsaleminusthesellingexpensesincreasesonthesubsequentbalancesheetdate,theamountpreviouslywrittendownshallberestoredandreversedwithintheamountofassetimpairmentlossrecognizedasnon-currentassetsinthedisposalgroupmeasuredaccordingtothisStandardafterbeingclassifiedintothecategoriesavailableforsaleassets,andthereversedamountshallbeincludedinthecurrentprofitsandlosses.Thebookvalueofgoodwillthathasbeenoffsetandtheimpairmentlossofnon-currentassetsmeasuredaccordingtorelevantStandardshallnotbereversedbeforetheyareclassifiedasavailableforsaleassets.Thesubsequentreversalamountofassetimpairmentlossrecognizedasdisposalgroupavailableforsaleshallbeincreasedinproportiontotheshareofthebookvalueofnon-currentassetsinthedisposalgroup,exceptgoodwill,whicharemeasuredaccordingtorelevantStandard.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.Iftheydonot,fortheacquiree’sequityheldbeforetheacquisitiondate,re-measurementshallbecarriedoutaccordingtothefairvalueoftheequityontheacquisitiondateandthedifferencebetweenthefairvalueandthecarryingvalueshallberecordedintocurrentinvestmentincome;iftheacquiree’sequityheldbeforetheacquisitiondateinvolvesothercomprehensiveincomeaccountedinequitymethod,othercomprehensiveincomerelatedtoitshallbetransferredintotheincomefortheperiodinwhichtheacquisitiondatefalls,withtheexceptionoftheothercomprehensiveincomesoccurredbecauseofthechangesofnetliabilitiesornetassetsofthedefinedbenefitpensionplansbere-measuredforsettingbytheinvestees.③Forthoseformedotherthanfrombusinesscombination:Iftheyareacquiredincashpayment,theinitialinvestmentcostisthepurchasepriceactuallypaid;iftheyareacquiredintheissueofequitysecurities,theinitialinvestmentcostisthefairvalueoftheissuedequitysecurities;iftheyareacquiredindebtrestructuring,theinitialinvestmentcostshallberecognizedaccordingtotheAccountingStandardsforEnterprisesNo.12-DebtRestructuring;iftheyareacquiredintheexchangeofnon-monetaryassets,theinitialinvestmentshallberecognizedaccordingtotheAccountingStandardsforEnterprisesNo.7-ExchangeofNon-MonetaryAssets.
(3)MethodofsubsequentmeasurementandrecognitionofprofitsandlossesLong-termequityinvestmentwithcontroloverinvesteesshallbeaccountedincostmethod;long-termequityinvestmentonassociatedenterprisesandjointventuresshallbeaccountedinequitymethod.
(4)Methodoftreatingthedisposaloftheinvestmentinasubsidiarystembystepthroughmultipletransactionsuntilthelossofthecontrollingright
1)IndividualfinancialstatementsForthedisposedequity,thedifferencebetweenitsfairvalueandtheactuallyobtainedpriceshallberecordedintocurrentprofitsorlosses.Fortheresidualequity,thepartthatstillhassignificanteffectsoninvesteesorwithcommoncontroljointlywithotherpartiesshallbeaccountedinequitymethod;thepartthathasnomorecontrol,commoncontrolorsignificanteffectsoninvesteesshallbeaccountedinaccordancewiththerelevantregulationoftheAccountingStandardsforEnterprisesNo.22-RecognitionandMeasurementofFinancialInstruments.
2)Consolidatedfinancialstatements①Forthedisposaloftheinvestmentinsubsidiariesstepbystepuntilthelossofthecontrollingrightthroughmultipletransactions,whichdonotconstitutethe“packagedeal”Beforethelossofthecontrollingright,forthebalancebetweenthedisposalremunerationandthesharesofnetassetsinthesubsidiariesthathavebeencalculatedsincetheacquisitiondateorcombinationdatecorrespondingtothedisposaloflong-termequityinvestment,capitalreserve(capitalpremium)shallbeadjusted,andifthecapitalpremiumisnotsufficientforthewrite-down,theretainedearningsshallbewrittendown.Atthelossofthecontrollingrightovertheoriginalsubsidiaries,theresidualequityshallbere-measuredatitsfairvalueonthedateoflosingthecontrollingright.Thedifferencebetweentheconsiderationobtainedintheequitydisposal,plusthefairvalueoftheremainingequities,lesstheCompany’sshareofnetassetsenjoyedoftheformersubsidiarythathasbeencalculatedsincetheacquisitiondateorcombinationdateaccordingtotheformershareholdingratio,shallberecordedintotheinvestmentgainsfortheperiodwhenthecontrolceases;meanwhile,goodwillshallbewrittendown.Othercomprehensiveincomerelatedtoformer
subsidiary'sequityinvestmentshallbetransferredintocurrentinvestmentincomewhenthecontrolceases.②Forthedisposaloftheinvestmentinsubsidiariesstepbystepuntilthelossofthecontrollingrightthroughmultipletransactions,whichconstitutethe“packagedeal”Theaccountingtreatmentshallbecarriedoutonthebasisofconsideringeachtransactionasatransactionofdisposingthesubsidiaryandlosingcontrol.However,beforelosingcontrol,thedifferencebetweeneachdisposalpricebeforelosingthecontrol,andthecorrespondingnetassetsshareenjoyedofsubsidiarywhendisposinglong-termequityinvestment,shallberecognizedasothercomprehensiveincomeintheconsolidatedfinancialstatementsandwhenthecontrolceases,transferredintocurrentprofitsorlossesoftheperiodoflosingcontrol.
(5)ImpairmenttestmethodandimpairmentprovisionmethodWhenthereisobjectiveevidenceindicatingimpairmentoftheinvestmentinsubsidiaries,jointventuresandcooperativeenterprisesonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount.
23.InvestmentPropertyMeasurementmodeofinvestmentrealestatesMeasurementofcostmethodDepreciationoramortizationmethod
1.Theterm"investmentrealestate"includestherighttouseanylandwhichhasalreadybeenrented,therighttouseanylandwhichisheldandpreparedfortransferafterappreciation,andtherighttouseanybuildingwhichhasalreadybeenrented.
2.TheCompanyinitiallymeasurestheinvestmentpropertyaccordingtothecosts,andadoptsthecostmethodinthesubsequentmeasurementofinvestmentproperty,andadoptsthesamemethodswithfixedassetsandintangibleassetstowithdrawdepreciationoramortization.Whenthereisanyindicationofimpairmentofinvestmentpropertyonthebalancesheetdate,correspondingprovisionforimpairmentshallbemadeaccordingtothedifferencebetweenthebookvalueandrecoverableamount.
24.FixedAssets
(1)RecognizedStandardofFixedAssetsTheterm"fixedassets"referstothetangibleassetsthatsimultaneouslypossessthefeaturesasfollows:theyareheldforthesakeofproducingcommodities,renderinglaborservice,rentingorbusinessmanagement;andtheirusefullifeisinexcessofonefiscalyear.Nofixedassetmayberecognizedunlessitsimultaneouslymeetstheconditionsasfollows:(1)Theeconomicbenefitsarelikelytoflowintotheenterprise;(2)Thecostofthefixedassetcanbemeasuredreliably.
(2)DepreciationMethod
| Category | Depreciationmethod | Usefullife(year) | Expectednetsalvagevalue | Annualdeprecation |
| Housesandbuildings | Straight-linedepreciation | 20-25 | 5-10 | 3.6-4.75 |
| Transportation | Straight-linedepreciation | 5 | 5 | 19 |
| Otherequipment | Straight-linedepreciation | 5 | 5 | 19 |
| Machineryequipment | Straight-linedepreciation | 5 | 5 | 19 |
| Decorationoffixedassets | Straight-linedepreciation | 5 | 0 | 20 |
(3)RecognitionBasis,PricingandDepreciationMethodofFixedAssetsbyFinanceLeaseNotapplicable.
25.ConstructioninProgress
1.Noconstructioninprogressmayberecognizedunlessitsimultaneouslymeetstheconditionsasfollows:(1)Theeconomicbenefitsarelikelytoflowintotheenterprise;(2)Thecostofthefixedassetcanbemeasuredreliably.Constructioninprogressshallbemeasuredaccordingtotheoccurredactualcostsbeforetheassetsavailablefortheintendeduse.
2.Whentheconstructioninprogressisavailablefortheintendeduse,itshallbetransferredtofixedassetsaccordingtotheactualcostoftheproject.Forconstructioninprogressavailablefortheintendedusebutnotdealingwithfinalaccountsofcompletedproject,itshallbetransferredtofixedassetsaccordingtotheestimatedvaluefirst,andthenadjustoriginaltemporarilyestimatedvaluebasedontheactualcostsafterthefinalaccountsofcompletedproject,butnotadjustthedepreciationthatwasalreadycalculated.
26.BorrowingCosts
1.RecognitionPrincipleofCapitalizationofBorrowingCostsWheretheborrowingcostsincurredtotheCompanycanbedirectlyattributabletotheacquisitionandconstructionorproductionofassetseligibleforcapitalization,itshallbecapitalizedandrecordedintothecostsofrelevantassets.Otherborrowingcostsshallberecognizedasexpenseswhenitoccurred,andshallberecordedintothecurrentprofitsandlosses.
2.CapitalizationPeriodofBorrowingsCosts
(1)Theborrowingcostsshallnotbecapitalizedunlesstheysimultaneouslymeetthefollowingrequirements:1)Theassetdisbursementshavealreadyincurred;2)Theborrowingcostshavealreadyincurred;3)Theacquisitionandconstructionorproductionactivitieswhicharenecessarytopreparetheassetforitsintendeduseorsalehavealreadystarted.
(2)Wheretheacquisitionandconstructionorproductionofaqualifiedassetisinterruptedabnormallyandtheinterruptionperiodlastsformorethan3months,thecapitalizationoftheborrowingcostsshallbesuspended.Theborrowingcostsincurredduringsuchperiodshallberecognizedasexpenses,andshallberecordedintotheprofitsandlossesofthecurrentperiod,tilltheacquisitionandconstructionorproductionoftheassetrestarts.
(3)Whentheacquisitionandconstructionorproductionofaqualifiedasseteligibleforcapitalizationareavailableforitsintendeduseorsale,thecapitalizationofborrowingcostsshallbestopped.
3.CapitalizedrateandamountofborrowingcostsTotheextentthatfundsareborrowedspecificallyforthepurposeofacquiringorconstructingaqualifyingasset,theamountofborrowingcostseligibleforcapitalizationonthatassetisdeterminedastheactualinterestcosts(includingamortizationofdiscountandpremiumconfirmedaccordingtoeffectiveinterestmethod)incurredonthatborrowingduringtheperiodlessanyinvestmentincomeonthetemporaryinvestmentoftheborrowing.Totheextentthatfundsareborrowedgenerallyandusedforthepurposeofacquiringorconstructingaqualifyingasset,theamountofborrowingcostseligibleforcapitalizationshallbedeterminedbyapplyingacapitalizationratetotheweightedaverageofexcessofaccumulatedexpendituresonqualifyingassetoverthatonspecificpurposeborrowing.
27.BiologicalAssetsNotapplicable.
28.OilandGasAssetsNotapplicable.
29.Right-of-useAssetsOnthestartdateoftheleaseterm,theGroupdeemstheright-of-useassetsandleaseobligations,exceptforthesimplifiedshort-termleaseandlow-valueleases.TheGroupinitiallymeasuresright-of-useassetsatcost.Thecostincludes:
1.Theinitialmeasurementamountoftheleaseobligation.
2.Ifaleaseincentiveexistsforleasepaymentsmadeonorbeforethecommencementdateoftheleaseterm,theamountrelatedtotheleaseincentivealreadytakenisdeducted.
3.Initialdirectcostsincurred.
4.CostsexpectedtobeincurredbytheGroupfordismantlingandremovingtheleasedasset(s),restoringthepremiseswheretheleasedasset(s)is/arelocated,orrestoringtheleasedasset(s)tothestatusagreedintheleasingclauses.Iftheaforementionedcostsareincurredforinventoryproduction,relevantprovisionsofAccountingStandardforBusinessEnterprisesNo.1-Inventoryisapplicable.TheGrouprecognizesandmeasuresthecostsdescribedinItem4aboveinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.13-Contingencies.Theinitialdirectcostsincurredrefertotheincrementalcostsincurredtoachievethelease.Incrementalcostsarecoststhatwouldnothavebeenincurredhadthebusinessnotacquiredthelease.TheGroupdepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifitisreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theGroupwilldepreciatetheleaseholdpropertyoveritsremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,theGroupwilldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheGroupdeterminestheimpairmentoftheright-of-useassetsandconductsaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.
30.IntangibleAssets
(1)PricingMethod,UsefulLifeandImpairmentTest
1.Intangibleassetsincluderighttouselandsites,userightofsoftwareetc.andconducttheinitialmeasurementaccordingtothecosts.
2.Withregardtointangibleassetswithlimitedservicelife,itshallbeamortizedsystematicallyandreasonablywithintheirservicelifeaccordingtotheexpectedimplementationofeconomicinterestsrelatedtotheintangibleassets.Ifitcan’trecognizetheexpectedimplementationreliably,itshallbeamortizedbystraight-linemethod.Thespecificusefullivesareasfollows:
| Items | 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.Buttheamounts
recognizedinothercomprehensiveincomemaybetransferredwithintheequityscope.
(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,theCompanywillnolongerretainthecontinuousmanagementrightsnormallyassociatedwithownershipandeffectivelycontrolthe
solddevelopmentproducts,theamountofincomecanbemeasuredreliably,relevanteconomicbenefitsarelikelytoflowin,therelevantcoststhathaveoccurredorwilloccurcanbemeasuredreliably.Onlyrecognizingthesalesincomerealizationunderthefollowingconditions:acquiredtherealestatecompletedandacceptedasqualified(thecompletionandacceptancereports),signedanirreversiblesalescontract,obtainedthebuyer'spaymentcertificate(forthosewhochosebankmortgage,thefirstinstallmentandthefullamountofbankmortgagemustberequired;Allhousingpaymentshouldbepaidincaseofrefusaltoadoptautomaticpaymentforbankmortgageloan).TheearlieroneofhousedeliverytimedesignatedintheHouseDeliveryNoticedelivered(thedeliverywillbedeemedcompletediftheownersfailtoconductpertinentproceduresfortheirpersonalreasonswithinadesignatedperiod)andtimewhentheownerscompletetheproceduresofdeliveryineffectshouldbedeterminedasthetimewhentherevenueisrecognised.
2)ProvidingLaborServicesIftheprovisionoflaborservicescanbereliablyestimated(allthefollowingconditionsaremet:
①Theamountofincomecanbemeasuredreliably;②TherelevanteconomicbenefitsarelikelytoinflowtotheCompany;③Theprogressofthetransactioncanbereliablydetermined;④Thecostincurredandtobeincurredinthetransactioncanbemeasuredreliably),itshallrecognizetherevenuefromprovidingservicesemployingthepercentage-of-completionmethod,andconfirmthecompletionoflaborserviceaccordingtothecostsincurredasapercentageofthetotalestimatedcosts.IftheCompanycan’t,onthedateofthebalancesheet,reliablyestimatetheoutcomeofatransactionconcerningthelaborservicesitprovides,itshallbehandledunderthefollowingconditions:Ifthecostoflaborservicesincurredisexpectedtobecompensated,therevenuefromtheprovidingoflaborservicesshallberecognizedinaccordancewiththeamountofthecostoflaborservicesincurred,andthecostoflaborservicesshallbecarriedforwardatthesameamount;Ifthecostoflaborservicesincurredisnotexpectedtocompensate,thecostincurredshouldbeincludedinthecurrentprofitsandlosses,andnorevenuefromtheprovidingoflaborservicesmayberecognized.Propertymanagementrevenueshallberecognizedwhenpropertymanagementserviceshavebeenprovided,economicbenefitsrelatedtopropertymanagementservicescanflowintotheenterprise,andcostsrelatedtopropertymanagementcanbereliablymeasured.
3)TransferringtheRighttoUseAssetsTherevenueoftransferringtherighttouseassetsmaynotberecognizedunlessthefollowingconditionsarebothmet:therelevanteconomicbenefitsarelikelytoinflowtotheCompany;andtherevenuecanbereliablymeasured.TheinterestincomeshallberecognizedaccordingtothetimeandactualinterestrateinwhichotherpeopleusetheCompany’smonetaryfunds.Royaltyrevenueshallberecognizedaccordingtothechargeabletimeandmethodstipulatedinrelatedcontractsandagreements.Accordingtotheleasedateandleaseamountagreedintheleasecontractandagreement,therealizationofrentalpropertyincomeshallberecognizedwhenrelevanteconomicbenefitsarelikelytoflowin.
4)Softwaresalesrevenue①RevenuerecognitionandmeasurementmethodsforsalesofcustomsoftwareandindependentsoftwareproductsCustomsoftwarereferstothespecialsoftwaredesignedanddevelopedafterthefullon-siteinvestigationoftheuser'sbusinessaccordingtothesoftwaredevelopmentcontractsignedwiththecustomerbasedontheactualneedsoftheuser,andtheresultingdevelopedsoftwareisnotuniversal.RevenueisrecognizedovertimebasedontheprogressofcompletedperformanceobligationsoverthecontractperiodonlyifthegoodsproducedbytheCompanyinthecourseofperformancehaveanirreplaceableuseandtheCompanyisentitledtoreceivepaymentforthecumulativeportionofperformancecompletedtodatethroughoutthecontractperiod,withtheprogressofcompletedperformanceobligationsdeterminedbytheproportionofthecontractcostsactuallyincurredtocompletetheperformanceobligationstothetotalestimatedcontractcosts.Otherwise,therevenueisrecognizedatacertainpointintime.Forsalescontractsofindependentsoftwareproductssignedwiththecustomer,thecustomerdirectlypurchasesthestandardversionofthesoftware,i.e.,therealestateandfacilitiesmanagementplatform,andthecorrespondingmodulesaredeployedbyimplementationpersonnelaccordingtothecustomer'srequirements.Inthiscase,theperformanceobligationsaretobeperformedatacertainpointintime.TherevenueisrecognizedaftertheCompanydeliverstheproducttothecustomerandthecustomeracceptstheproduct.
②RevenuerecognitionandmeasurementmethodsforsystemsintegrationcontractsSystemintegrationincludesthesaleandinstallationofpurchasedmerchandiseandsoftwareproducts.TherevenueisrecognizedwhentheCompanyhastransferredtheprimaryrisksandrewardsoftheownershipofthepurchasedmerchandisetothepurchaser;theCompanyneitherretainedthecontinuedmanagementrightsusuallyassociatedwiththeownership,noreffectivelycontrolledthesoldgoods;theinstallationandcommissioningofthesystemhavebeencompletedandthesystemhasbeenputintotrialoperation,ortheinitialinspectionreportofthepurchaserisobtained;theeconomicbenefitsrelevanttothetransactionarelikelytoflowintotheCompany,therelevantcostscanbereliablymeasured.③RevenuerecognitionandmeasurementmethodsfortechnicalservicerevenueTechnicalservicerevenuemainlyreferstothebusinessofprovidingconsulting,implementationandafter-salesservicesofproductstocustomersasrequiredbycontracts.Ifaserviceperiodisagreeduponinacontract,itisconsideredasaperformanceobligationtobeperformedwithinacertainperiodoftime,andrevenueisrecognizedforservicessettledwiththecustomerinaccordancewiththecontractedserviceperiodduringtheserviceprovisionperiod.
5)OtherBusinessIncomeAccordingtothestipulationsofrelevantcontractsandagreements,whentheeconomicbenefitsrelatedtothetransactioncanflowintotheenterpriseandthecostsrelatedtotheincomecanbereliablymeasured,therealizationofotherbusinessincomeshallbeconfirmed.
3.MeasurementofRevenueTheCompanyshouldmeasurerevenueaccordingtothetransactionpricesapportionedtoeachoftheindividualcontractperformanceobligations.Indeterminingatransactionprice,theCompanyconsiderstheimpactofanumberoffactors,includingvariableconsideration,significantfinancingcomponentsincontracts,non-cashconsideration,andconsiderationpayabletocustomers.
(1)VariableconsiderationTheCompanydeterminesthebestestimateofvariableconsiderationaccordingtotheexpectedvalueortheamountmostlikelytooccur.Butatransactionpricecontainingvariableconsiderationshouldnotexceedtheamountfromtheaccumulatedrecognizedrevenuethatwillprobablynothaveanysignificantreversalwhenrelateduncertaintiesareeliminated.Whenassessingwhetherthesignificantreversalofaccumulatedrecognizedrevenueisalmostimpossibleornot,acompanyshouldconcurrentlyconsiderthepossibilityandweightoftherevenuereversal.
(2)SignificantfinancingcomponentWhenacontractcontainsanyfinancingcomponent,theCompanyshoulddeterminethetransactionpriceaccordingtotheamountpayablethatisassumedtobepaidincashbythecustomerwhenitacquirescontroloverthecommodity.Thedifferencebetweenthetransactionpriceandthecontractconsiderationshouldbeamortizedintheeffectiveinterestmethodduringthecontractperiod.
(3)Non-cashconsiderationWhenacustomerpaysnon-cashconsideration,theCompanyshoulddeterminethetransactionpriceaccordingtothefairvalueofthenon-cashconsideration.Whensuchfairvaluecannotbereasonablyestimated,theCompanywillindirectlydeterminethetransactionpricebyreferencetotheindividualpricecommittedbytheCompanyfortransferringthecommoditytothecustomer.
(4)ConsiderationpayabletoacustomerForconsiderationpayabletoacustomer,theCompanyshoulddeductthetransactionpricefromtheconsiderationpayable,anddeducttherevenueforthecurrentperiodateithertherecognitionofrelatedrevenueorthepayment(orcommittedpayment)oftheconsiderationtothecustomer,whicheverisearlier,butexcludingthecaseinwhichtheconsiderationpayabletothecustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcanbeobviouslydistinguished.IftheCompany’sconsiderationpayabletoacustomerisforthepurposeofacquiringfromthecustomerothercommoditiesthatcanbeobviouslydistinguished,theCompanyshouldconfirmthecommoditypurchasedinthesamewayasinitsotherpurchases.WhentheCompany’sconsiderationpayabletoacustomerexceedsthefairvalueofthecommoditythatcanbeobviouslydistinguished,theexceededamountshouldbeusedtodeductthetransactionprice.Ifthefairvalueofthecommodityacquiredfromthecustomerthatcanbeobviouslydistinguishedcannotbereasonablyestimated,theCompanyshoulddeductthetransactionpricefromthe
considerationpayabletothecustomer.DifferencesinaccountingpoliciesfortherecognitionofrevenuecausedbydifferentbusinessmodelsforthesametypeofbusinessNotapplicable.
40.GovernmentGrants
1.Ifthegovernmentsubsidiesmeetwiththefollowingconditionsatthesame,itshouldberecognized:(1)Theentitywillcomplywiththeconditionattachingtothem;(2)Thegrantswillbereceivedfromgovernment.Ifagovernmentsubsidyisamonetaryasset,itshallbemeasuredaccordingtotheamountreceivedorreceivable.Ifagovernmentsubsidyisanon-monetaryasset,itshallbemeasuredatitsfairvalue,andshallbemeasuredatanominalamountwhenthefairvaluecannotbeobtainedreliably.
2.JudgmentbasisandaccountingmethodsofgovernmentsubsidiesrelatedtoassetsThegovernmentsubsidiesthatareacquiredforconstructionorformlong-termassetsinotherwaysaccordingtogovernmentdocumentsshallbedefinedasasset-relatedgovernmentsubsidies.Forthosenotspecifiedingovernmentdocuments,thejudgmentshallbemadebasedonthecompulsoryfundamentalconditionsforacquiringthesubsidies.Ifthesubsidiesareacquiredwithconstructionortheformationoflong-termassetsinotherwaysasfundamentalconditions,theyshallberecognizedasasset-relatedgovernmentsubsidies.Forasset-relatedgovernmentsubsidies,thecarryingvalueofrelatedassetsshallbewrittendownorrecognizedasdeferredincome.Ifasset-relatedgovernmentsubsidiesarerecognizedasdeferredincome,itshallberecordedintoprofitsorlossesbyperiodinareasonableandsystemicmannerwithinthelifeofrelatedassets.Governmentsubsidiesmeasuredatthenominalamountshallbedirectlyrecordedintocurrentprofitsorlosses.Ifrelatedassetsaresold,transferred,disposedofordestroyedbeforetheendoftheirlife,theundistributedbalanceofrelateddeferredincomeshallbetransferredintotheprofitsorlossesfortheperiodoftheassetdisposal.
3.Judgmentbasisandaccountingtreatmentofprofits-relatedgovernmentsubsidiesGovernmentsubsidiesotherthanasset-relatedgovernmentsubsidiesshallbedefinedasprofits-relatedgovernmentsubsidies.Forgovernmentsubsidiesconsistingofbothasset-relatedpartsandprofits-relatedparts,whicharedifficulttojudgewhethertheyarerelatedtoassetsorprofits,theentiretyshallbeclassifiedasprofits-relatedgovernmentsubsidies.Profits-relatedgovernmentsubsidiesthatareusedtocompensatetherelatedfutureexpensesorlossesshallberecognizedasdeferredincomeandshallbeincludedintothecurrentprofit/lossesduringtheperiodwhentherelevantexpensesorlossesarerecognized;thosesubsidiesusedtocompensatetherelatedexpensesorlossesincurredshallbedirectlyincludedintothecurrentprofits/losses.
4.GovernmentsubsidiesrelatedtotheCompany’sroutineoperatingactivitiesshallbeincludedintootherincomeorwritedownrelatedcostsaccordingtotheeconomicbusinessnature.GovernmentsubsidiesnotrelatedtotheCompany’sroutineactivitiesshallbeincludedintonon-operatingincomeandexpenditure.
41.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
1.Inaccordancewiththebalance(theitemnotrecognizedasassetsandliabilitiescanconfirmtheirtaxbasesaccordingtothetaxlaw,thebalancebetweenthetaxbasesanditscarryingamount)betweenthecarryingamountofassetsorliabilitiesandtheirtaxbases,deferredtaxassetsanddeferredtaxliabilitiesshouldberecognizedatthetaxratesthatareexpectedtoapplytotheperiodwhentheassetisrealizedortheliabilityissettled.
2.Adeferredtaxassetshallberecognizedwithinthelimitoftaxableincomethatislikelytobeobtainedtooffsetthedeductibletemporarydifferences.Atthebalancesheetdate,wherethereisstrongevidenceshowingthatsufficienttaxableprofitwillbeavailableagainstwhichthedeductibletemporarydifferencecanbeutilized,thedeferredtaxassetunrecognizedinpriorperiodshallberecognized.
3.TheCompanyassessesthecarryingamountofdeferredtaxassetatthebalancesheetdate.Ifit’sprobablethatsufficienttaxableprofitwillnotbeavailableagainstwhichthedeductibletemporarydifferencecanbeutilized,theCompanyshallwritedownthecarryingamountofdeferredtaxasset,orreversetheamountwrittendownlaterwhenit’sprobablethatsufficienttaxableprofitwillbeavailable.
4.ThecurrentincometaxanddeferredincometaxoftheCompanyarerecordedintothecurrentgainsandlossesasincometaxexpensesorrevenue,exceptinthefollowingcircumstances:(1)Businesscombination;(2)Thetransactionoreventdirectlyincludedinowner’equity.
42.Lease
(1)AccountingTreatmentofOperatingLease
1.LesseeTheGroupshall,whenasthelessee,onthecommencementdateoftheleaseterm,recognizetheright-of-useassetsandleaseobligationsforthelease,unlessitisasimplifiedshort-termleaseorlow-valueassetlease.Afterthecommencementdateoftheleaseterm,theGroupusesthecostmodelforsubsequentmeasurementofright-of-useassets.TheGroupdepreciatestheright-of-useassetsinaccordancewithrelevantdepreciationprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.4-FixedAssets.Ifthelesseecanreasonablyascertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleaseholdpropertyoveritsremainingservicelife.Ifitisnotreasonablycertainthattheownershipoftheleaseholdpropertywillbeobtainedattheendoftheleaseterm,itshalldepreciatetheleasedasset(s)overtheleasetermortheremainingservicelife,whicheverisshorter.TheGroupwilldeterminetheimpairmentoftheright-of-useassetsandconductaccountingtreatmentoftheimpairmentlossesalreadyidentifiedinaccordancewithrelevantprovisionsoftheAccountingStandardsforBusinessEnterprisesNo.8-AssetImpairment.TheGroupcalculatestheinterestexpensesoftheleaseobligationsduringeachperiodoftheleasetermatafixedperiodicinterestrate,andincludestheminprofitorlossforthecurrentperiod.WheretheAccountingStandardsforBusinessEnterprisesNo.17-BorrowingCostsandotherstandardsprovidethatsuchinterestexpensesshallbeincludedinthecostofrelatedassets,suchprovisionsshallbeobserved.TheGroupdoesnotrecognizetheright-of-useassetsandleaseliabilitiesforshort-termleasesandlow-valueassetleases.Ineachperiodwithintheleaseterm,therelevantleasepaymentsforshort-termleasesandlow-valueassetleasesareincludedincostoftherelatedassetsorprofitorlossforthecurrentperiodonastraight-linebasis.
2.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
(3)AdjustmentstoFinancialStatementItemsattheBeginningoftheYearoftheFirstImplementationoftheNewAccountingStandardsImplementedsince2023
□Applicable?Notapplicable
45.Other
IntheNoteofthefinancialstatements,thedataoftheperiod-beginningreferstothefinancialstatementdataon1January2023;thedataoftheperiod-endreferstothefinancialstatementdataon30June2023;theReportingPeriodreferstotheH12023;thesameperiodoflastyearreferstotheH12022.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’soriginalvalueafterdeducted | 1.2%,12% |
| 30%atonce;leviedaccordingtolease:paidaccordingto12%oftherentalincome | ||
| 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.TaxPreference
AccordingtotheregulationsofNo.2,PropertyServiceofNo.37,CommercialServiceamongtheencouragingcategoryoftheGuidanceCatalogueofIndustryStructureAdjustment(Y2011),thewesternindustrymetwiththeconditionsshouldbecollectedthecorporateincometaxaccordingto15%ofthetaxrate.ThesubsidiariesoftheGroupChongqingShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.andShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.ChongqingBranchappliedtoabovepolicy.On19December2022,ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.successfullypassedthere-evaluationforitsHigh-techEnterpriseCertificate.ThecompanyhasbeenassignedcertificatenumberGR202244204675,andthecertificateisvalidforthreeyears.Asperthetaxlawsandregulations,thecompanywillbeeligibleforapreferentialenterpriseincometaxrateof15%fortheyear2023.Asperthe"AnnouncementonIncomeTaxPreferentialPoliciesforSmallandMicroEnterprisesandIndividualIndustrialandCommercialTaxpayers"(AnnouncementNo.6of2023oftheMinistryofFinanceandtheStateTaxationAdministration)andthe"AnnouncementoftheStateTaxationAdministrationonMattersRelatedtoCollectionandAdministrationofIncomeTaxPreferentialPoliciesforSmallEnterpriseswithLowProfits"(AnnouncementNo.6of2023oftheStateTaxationAdministration),forsmallandmicro-profitenterprises,iftheirannualtaxableincomedoesnotexceedRMB1millionfrom1January2023to31December2024,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 | 42,693.32 | 43,833.00 |
| Bankdeposits | 1,385,485,202.97 | 1,512,202,363.19 |
| Othermonetaryfunds | 6,676,731.47 | 5,282,697.64 |
| Total | 1,392,204,627.76 | 1,517,528,893.83 |
| Ofwhich:totalamountdepositedoverseas | 63,964,312.71 | 66,436,595.66 |
| Totalamountofrestrictioninusebyguaranteed,pledgedorfrozen | 15,539,145.06 | 7,835,036.35 |
Othernotes:
Amongothermonetaryassets,thefundswithlimiteduserightsmainlyincludethemarginandinterestofRMB3,332,452.99;thefundswithlimiteduserightsinbankdepositsmainlyincludethebankfrozenfundsofRMB6,476,231.24andtheinterestontimedepositsofRMB5,270,833.33,plusthebalanceofthebankmarginaccountofRMB459,627.50.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 |
| Total | 0.00 | 0.00 |
Unit:RMB
| Category | Endingbalance | Beginningbalance | ||||||||
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | |||||
| Amount | Proportion | Amount | Withdrawalproportion | Amount | Proportion | Amount | Withdrawalproportion | |||
| Ofwhich: | ||||||||||
| Ofwhich: | ||||||||||
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofnotesreceivable.
□Applicable?Notapplicable
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriodWithdrawalofbaddebtprovision:
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 | 131,145,425.55 | 23.32% | 110,207,671.91 | 84.03% | 20,937,753.64 | 111,808,371.14 | 20.01% | 109,689,294.54 | 98.10% | 2,119,076.60 |
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionofbygroup | 431,328,190.78 | 76.68% | 35,340,105.27 | 8.19% | 395,988,085.51 | 447,078,385.18 | 79.99% | 29,263,546.48 | 6.55% | 417,814,838.70 |
| Ofwhich: | ||||||||||
| Total | 562,473,616.33 | 100.00% | 145,547,777.18 | 25.88% | 416,925,839.15 | 558,886,756.32 | 100.00% | 138,952,841.02 | 24.86% | 419,933,915.30 |
Baddebtprovisionseparatelyaccrued:110,207,671.91
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 | 30,243,231.37 | 9,308,427.73 | 30.78% | Uncollectibleforalongperiod |
| Total | 131,145,425.55 | 110,207,671.91 | ||
Withdrawalofbaddebtprovisionbygroup:35,340,105.27
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 253,508,004.18 | 25,162,778.29 | 9.93% |
| Portfoliooftransactionswithotherrelatedparties | 177,820,186.60 | 10,177,326.98 | 5.72% |
| Total | 431,328,190.78 | 35,340,105.27 | |
Notestothedeterminationbasisforthegroup:
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable.
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Endingbalance |
| Withinoneyear(including1year) | 312,921,794.00 |
| Onetotwoyears | 88,024,382.29 |
| Twotothreeyears | 15,229,615.66 |
| Morethanthreeyears | 146,297,824.38 |
| Threetofouryears | 5,415,310.89 |
| Fourtofiveyears | 2,471,780.12 |
| Over5years | 138,410,733.37 |
| Total | 562,473,616.33 |
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance |
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Baddebtprovisionaccruedbyitem | 109,689,294.54 | 518,377.37 | 110,207,671.91 | |||
| Withdrawalofbaddebtprovisionbygroup | 29,263,546.48 | 6,076,558.79 | 35,340,105.27 | |||
| Total | 138,952,841.02 | 6,594,936.16 | 145,547,777.18 |
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. | 107,824,285.09 | 19.17% | 6,743,517.22 |
| ShenzhenJiyongProperties&ResourcesDevelopmentCompany | 93,811,328.05 | 16.68% | 93,811,328.05 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 29,580,856.88 | 5.26% | 887,425.71 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | 10,072,563.13 | 1.79% | 1,252,620.81 |
| ShenzhenShenfubao(Group)Co.,Ltd. | 4,153,519.42 | 0.74% | 159,605.58 |
| Total | 245,442,552.57 | 43.64% |
(5)AccountsReceivableDerecognizedduetotheTransferofFinancialAssets
(6)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivable
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 | 7,015,536.66 | 68.73% | 98,477,532.46 | 98.14% |
| Onetotwoyears | 1,807,120.94 | 17.70% | 1,652,279.14 | 1.65% |
| Twotothreeyears | 1,173,932.28 | 11.50% | 1,438.19 | 0.00% |
| Morethanthreeyears | 211,234.43 | 2.07% | 210,556.77 | 0.21% |
| Total | 10,207,824.31 | 100,341,806.56 | ||
Notesofthereasonsoftheprepaymentagingover1yearwithsignificantamountbutfailedsettledintime:
(2)Top5PrepaymentinEndingBalanceCollectedaccordingtothePrepaymentTarget
| Nameoftheentity(fillinthefullname) | Carryingamount | As%ofthetotalendingbalanceoftheprepayments(%) |
| BeijingJingdongCenturyInformationTechnologyCo.,Ltd. | 1,260,657.76 | 12.35% |
| ChinaStateConstruction&Engineering4thBureau5thCorpLimited | 614,940.37 | 6.02% |
| HuaxiaInternationalCommunicationsEngineeringSupervisionCo.,Ltd. | 510,389.00 | 5.00% |
| JinanElectricPowerCompanyofStateGridShandongElectricPowerCompany | 435,734.43 | 4.27% |
| FoshanDiousdragonFurnitureCo.,Ltd. | 289,230.00 | 2.83% |
| Total | 3,110,951.56 | 30.48% |
Othernotes:
8.OtherReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Interestsreceivable | 0.00 | 0.00 |
| Dividendsreceivable | 0.00 | 0.00 |
| Otherreceivables | 624,876,343.49 | 639,903,523.33 |
| Total | 624,876,343.49 | 639,903,523.33 |
(1)InterestReceivable
1)CategoryofInterestReceivable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
2)SignificantOverdueInterest
Unit:RMB
| Entity | Endingbalance | Overduetime | Overduereason | Whetheroccurredimpairmentanditsjudgmentbasis |
Othernotes:
3)WithdrawalofBadDebtProvision
□Applicable?Notapplicable
(2)DividendReceivable
1)CategoryofDividendReceivable
Unit:RMB
| Project(orinvestee) | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
2)SignificantDividendsReceivableAgingover1Year
Unit:RMB
| Project(orinvestee) | Endingbalance | Aging | Reason | Whetheroccurredimpairmentanditsjudgmentbasis |
3)WithdrawalofBadDebtProvision
□Applicable?NotapplicableOthernotes:
(3)OtherReceivables
1)CategoryofOtherReceivablesbyAccountNature
Unit:RMB
| Nature | Endingcarryingamount | Beginningcarryingamount |
| Securitydeposit | 10,178,809.17 | 14,333,480.59 |
| Margin | 34,107,085.10 | 33,052,554.40 |
| Reservefund | 669,713.78 | 315,131.82 |
| Paymentonbehalf | 4,524,986.31 | 7,861,406.33 |
| Externalintercoursefunds | 647,238,111.03 | 645,712,452.33 |
| Others | 22,522,486.45 | 26,868,828.99 |
| Total | 719,241,191.84 | 728,143,854.46 |
2)WithdrawalofBadDebtProvision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceasat1January2023 | 58,445,816.20 | 29,794,514.93 | 88,240,331.13 | |
| Balanceasat1January2023inthecurrentperiod | ||||
| Amountaccruedforthecurrentperiod | 6,103,555.43 | 20,961.79 | 6,124,517.22 | |
| Balanceasat30June | 64,549,371.63 | 29,815,476.72 | 94,364,848.35 |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
2023
Aging
| Aging | Endingbalance | Carryingamount |
| Withinoneyear(including1year) | 37,662,808.00 | 45,898,989.35 |
| Onetotwoyears | 49,059,147.91 | 582,305,977.29 |
| Twotothreeyears | 547,938,076.57 | 32,848,373.42 |
| Morethanthreeyears | 84,581,159.36 | 67,090,514.40 |
| Threetofouryears | 32,976,097.34 | 1,460,635.19 |
| Fourtofiveyears | 1,176,811.01 | 1,563,169.64 |
| Over5years | 50,428,251.01 | 64,066,709.57 |
| Total | 719,241,191.84 | 728,143,854.46 |
3)BadDebtProvisionWithdrawn,ReversedorRecoveredintheCurrentPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Baddebtprovisionaccruedbyitem | 29,794,514.93 | 20,961.79 | 29,815,476.72 | |||
| Withdrawalofbaddebtprovisionbygroup | 58,445,816.20 | 6,103,555.43 | 64,549,371.63 | |||
| Total | 88,240,331.13 | 6,124,517.22 | 94,364,848.35 | |||
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 |
| ShenzhenXinhaiHoldingCo.,Ltd.andtherelated | Intercoursefunds | 576,568,974.73 | Within1year,onetofiveyears | 80.16% | 17,297,069.25 |
| partyShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | |||||
| ShenzhenBanglingStockCooperativeCompany | Securitydepositandmargin | 30,000,000.00 | Threetofouryears | 4.17% | 15,000,000.00 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Performanceriskfund,margin | 16,342,327.84 | Within1year | 2.27% | 490,269.84 |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd. | Intercoursefunds | 10,720,575.27 | Within1year,onetotwoyears | 1.49% | 321,617.26 |
| ShenzhenTianjunIndustrialCo.,Ltd. | Intercoursefunds | 10,000,000.00 | Twotothreeyears | 1.39% | 0.00 |
| Total | 643,631,877.84 | 89.48% | 33,108,956.35 |
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 | Depreciationreservesofinventoriesorimpairmentprovisionforcontractperformancecosts | Carryingvalue | Carryingamount | Depreciationreservesofinventoriesorimpairmentprovisionforcontractperformancecosts | Carryingvalue | |
| R&Dexpenses | 10,608,749,592.61 | 6,648,404.13 | 10,602,101,188.48 | 10,778,950,699.23 | 6,648,404.13 | 10,772,302,295.10 |
| Developingproperties | 242,794,704.84 | 242,794,704.84 | 199,674,693.59 | 199,674,693.59 | ||
| Contractperformance | 1,975,995.10 | 1,975,995.10 | 1,965,933.85 | 1,965,933.85 | ||
| costs | ||||||
| Rawmaterials | 1,509,262.79 | 818,559.41 | 690,703.38 | 1,891,354.81 | 1,040,612.30 | 850,742.51 |
| Inventorygoods | 2,557,484.48 | 2,094,300.39 | 463,184.09 | 2,536,973.19 | 2,094,300.39 | 442,672.80 |
| Low-valueconsumables | 271,124.75 | 271,124.75 | 97,885.52 | 97,885.52 | ||
| Total | 10,857,858,164.57 | 9,561,263.93 | 10,848,296,900.64 | 10,985,117,540.19 | 9,783,316.82 | 10,975,334,223.37 |
Disclosemainitemsof“R&Dexpenses”andinterestcapitalizationinthefollowingformat:
Unit:RMB
| Projectname | Timeforcommencement | Estimateddateofcompletion | Estimatedtotalinvestment | Beginningbalance | Transferredtodevelopingpropertiesforthecurrentperiod | Otherdecreasedamountforthecurrentperiod | Increase(R&Dexpenses)forthecurrentperiod | Endingbalance | Accumulatedamountofinterestcapitalization | Ofwhich:amountofcapitalizedinterestsforthecurrentperiod | Capitalresources |
| LanhuEraproject | 7January2021 | 10September2026 | 8,400,000,000.00 | 4,686,202,152.53 | 166,311,560.57 | 4,852,513,713.10 | 298,611,761.36 | 60,308,251.38 | Bankloans | ||
| SZPRD-FuchangGardenPhaseII(FuhuiHuayuan) | 27December2018 | 15May2023 | 911,330,000.00 | 747,287,571.94 | 747,287,571.94 | 0.00 | Others | ||||
| HumenSeaBayproject | 22March2022 | 30April2024 | 3,217,590,000.00 | 2,361,567,910.93 | 129,568,909.22 | 2,491,136,820.15 | 2,782,538.76 | 2,782,538.76 | Bankloans | ||
| GuangmingYutangShangfuproject | 7March2022 | 21October2024 | 2,658,680,000.00 | 1,792,278,782.42 | 46,065,390.79 | 1,838,344,173.21 | 583,458.34 | 583,458.34 | Bankloans | ||
| Yupinluanshan(commercialandresidentialconstructionprojectofNo.A117-12land) | 236,433,505.64 | 412,752.52 | 236,846,258.16 | Others | |||||||
| LandofHongqiTown,Haikou | 6,648,404.13 | 6,648,404.13 | Others | ||||||||
| ShenhuiGarden | 37,256,048.16 | 31,716.38 | 37,287,764.54 | Others | |||||||
| Fuyuantaiproject | 12,754,337.65 | 1,468,717.00 | 14,223,054.65 | Others | |||||||
| YangzhouShouxihuEcologicalHealthValleyproject | 6March2023 | 31August2026 | 3,774,790,000.00 | 863,966,304.45 | 231,250,626.85 | 1,095,216,931.30 | Others | ||||
| Others | 34,555,681.38 | 1,976,791.99 | 36,532,473.37 | Others |
| Total | 18,962,390,000.00 | 10,778,950,699.23 | 747,287,571.94 | 0.00 | 577,086,465.32 | 10,608,749,592.61 | 301,977,758.46 | 63,674,248.48 |
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 | 56,815,090.28 | 90,123.14 | 56,724,967.14 | |||
| SZPRD-BanshanYujingPhaseII | 12January2022 | 3,607,397.06 | 64,327.91 | 47,625.68 | 3,624,099.29 | 10,446,911.43 | |
| SZPRD-SonghuLangyuan | 1July2017 | 24,200,327.47 | 271,385.28 | 23,928,942.19 | 27,205,315.95 | ||
| SZPRD-HupanYujingPhaseII | 1November2017 | 30,517,813.23 | 135,678.16 | 30,382,135.07 | 30,539,392.65 | ||
| SZPRD-GoldenCollar’sResort | 2December2019 | 72,260,564.44 | 4,270,881.01 | 8,633,730.49 | 67,897,714.96 | ||
| 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 | |||||
| SZPRD-FuchangGardenPhaseII(FuhuiHuayuan) | 15May2023 | 747,287,571.94 | 699,324,226.86 | 47,963,345.08 | |||
| Total | 199,674,693.59 | 751,622,780.86 | 708,502,769.61 | 242,794,704.84 | 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 | 1,040,612.30 | 222,052.89 | 818,559.41 | ||
| Inventorygoods | 2,094,300.39 | 2,094,300.39 | |||
| Total | 9,783,316.82 | 222,052.89 | 9,561,263.93 |
Classificationbynature:
Unit:RMB
| Projectname | Beginningbalance | Increasedamountofthecurrentperiod | Decreasedamountforthecurrentperiod | Endingbalance | Notes | ||
| Withdrawal | Others | Transferred-backorcharged-off | Others | ||||
| LandofQiongshan,Hainan | 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 | 341,681.06 | - | 31,076.48 | 310,604.58 |
| LanhushidaiProject | 238,303,509.98 | 60,308,251.38 | - | 298,611,761.36 |
| SZPRD-LangqiaoInternational | 2,971,986.54 | - | - | 2,971,986.54 |
| SZPRD-HupanYujingPhaseI | 1,249,515.42 | - | 7,148.32 | 1,242,367.10 |
| HumenSeaBayproject | - | 2,782,538.76 | - | 2,782,538.76 |
| GuangmingYutangShangfuproject | - | 583,458.34 | - | 583,458.34 |
| Total | 242,866,693.00 | 63,674,248.48 | 38,224.80 | 306,502,716.68 |
(4)InventoryRestrictions
Disclosingrestrictedinventorybyproject:
Unit:RMB
| Projectname | Beginningbalance | Endingbalance | Reasonforrestriction |
10.ContractAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
| SZPRD-FuchangGardenPhaseII(FuhuiHuayuan) | 109,392,112.37 | 109,392,112.37 | ||||
| Municipalengineeringretentionmoney | 991,952.00 | 991,952.00 | 1,094,632.90 | 1,094,632.90 | ||
| Total | 110,384,064.37 | 110,384,064.37 | 1,094,632.90 | 1,094,632.90 |
AmountofsignificantchangesincarryingvalueofcontractassetsintheCurrentPeriodandreasonsthereof:
Unit:RMB
| Item | Changeinamount | Reason(s) |
Iftheimpairmentprovisionforcontractassetsinaccordancewiththegeneralmodelofexpectedcreditlosses,theinformationrelatedtotheimpairmentprovisionshallbedisclosedbyreferencetothedisclosuremethodofotherreceivables:
□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 | 12,232,463.61 | 16,846,758.27 |
| Deductedinputtax | 58,657,816.56 | 28,950,002.85 |
| Prepaidincometax | 33,200.38 | 1,436,395.15 |
| PrepaidlandVAT | 0.00 | 16,438,505.72 |
| Prepaidurbanconstructiontax | 37,292.33 | 1,156,118.20 |
| Prepaideducationsurcharge | 26,637.38 | 825,798.74 |
| ImmediaterebateofreceivablesoftwaresalesVAT | 0.00 | 1,687.34 |
| Total | 70,987,410.26 | 65,655,266.27 |
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) | ||
| Balanceof1January2023inthecurrentperiod |
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) | ||
| Balanceof1January2023inthecurrentperiod |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?NotapplicableOthernotes:
16.Long-termReceivables
(1)ListofLong-termReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance | Intervalof |
| Carryingamount | Baddebtprovision | Carryingvalue | Carryingamount | Baddebtprovision | Carryingvalue | discountrate | |
| Financingleaseaccounts | 21,920,095.92 | 21,920,095.92 | 22,651,454.07 | 22,651,454.07 | 0.14 | ||
| Ofwhich:unrealizedfinancingincome | 11,607,188.38 | 11,607,188.38 | 13,169,492.65 | 13,169,492.65 | |||
| Total | 21,920,095.92 | 21,920,095.92 | 22,651,454.07 | 22,651,454.07 |
Impairmentofbaddebtprovision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2023inthecurrentperiod |
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. | 44,730,585.29 | 1,722,873.98 | 46,453,459.27 | ||||||||
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 7,037,952.31 | 82,895.33 | 7,120,847.64 | ||||||||
| Subtotal | 51,768,537.60 | 1,805,769.31 | 53,574,306.91 | ||||||||
| II.Associatedenterprises | |||||||||||
| ShenzhenWufangCeramics | 18,983,614.14 | 18,983,614.14 | 18,983,614.14 | ||||||||
| IndustrialCo.,Ltd. | ||||
| ShenzhenKangfuHealthProductsCo.,Ltd. | 165,000.00 | 165,000.00 | 165,000.00 | |
| ShenzhenXinghaoImitationPorcelainCo.,Ltd. | 756,670.68 | 756,670.68 | 756,670.68 | |
| ShenzhenSocialWelfareCompanyFudaElectronicsFactory | 326,693.24 | 326,693.24 | 326,693.24 | |
| ShenzhenFulongIndustryDevelopmentCo.,Ltd. | 1,684,350.00 | 1,684,350.00 | 1,684,350.00 | |
| HaonianhuaHotel | 2,733,570.05 | 2,733,570.05 | 2,733,570.05 | |
| 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 | |
| ShenzhenYuanpingPlasticSteelDoors | 240,000.00 | 240,000.00 | 240,000.00 |
| Co.,Ltd. | ||||||||
| ShenzhenYoufangPrintingCo.,Ltd. | 100,000.00 | 100,000.00 | 100,000.00 | |||||
| ShenzhenLushengIndustrialDevelopmentCo.,Ltd. | 100,000.00 | 100,000.00 | 100,000.00 | |||||
| CSCECIntelligentParkingTechnologyCo.,Ltd. | 28,012,899.71 | 51,619.01 | 63,120.00 | 28,001,398.72 | ||||
| Subtotal | 59,767,296.93 | 51,619.01 | 63,120.00 | 59,755,795.94 | 31,754,397.22 | |||
| Total | 111,535,834.53 | 1,857,388.32 | 63,120.00 | 113,330,102.85 | 31,754,397.22 |
Othernotes:
18.OtherEquityInstrumentInvestment
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| GintianIndustry(Group)Co.,Ltd. | 635,355.65 | 887,838.64 |
| Total | 635,355.65 | 887,838.64 |
Non-tradingequityinstrumentinvestmentintheCurrentPerioddisclosedbyitems
Unit:RMB
| Projectname | Dividendincomerecognized | Accumulativegains | Accumulativelosses | Amountofothercomprehensiveincometransferredtoretainedearnings | Reasonforassigningtomeasureinfairvalueofwhichchangesincludedothercomprehensiveincome | Reasonforothercomprehensiveincometransferredtoretainedearnings |
| GintianIndustry(Group)Co.,Ltd. | 2,955,000.66 | 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 | 861,702,509.37 | 14,495,902.20 | 37,192,716.83 | 913,391,128.40 |
| 2.Increasedamountforthecurrentperiod | 20,847,883.84 | 0.00 | 0.00 | 20,847,883.84 |
| (1)Outsourcing | ||||
| (2)Transferfrominventory/fixedassets/constructioninprogress | 20,847,883.84 | 0.00 | 0.00 | 20,847,883.84 |
| (3)Businesscombinationincrease |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | -393,459.16 | 0.00 | 0.00 | -393,459.16 |
| (1)Disposal | ||||
| (2)Othertransfer | ||||
| (3)Exchangeadjustment | -393,459.16 | 0.00 | 0.00 | -393,459.16 |
| 4.Endingbalance | 882,943,852.37 | 14,495,902.20 | 37,192,716.83 | 934,632,471.40 |
| II.Accumulativedepreciationandaccumulativeamortization | ||||
| 1.Beginningbalance | 472,271,039.79 | 13,360,585.89 | 21,996,763.54 | 507,628,389.22 |
| 2.Increasedamountforthecurrentperiod | 17,963,132.97 | 0.00 | 3,002,225.94 | 20,965,358.91 |
| (1)Withdrawaloramortization | 17,963,132.97 | 0.00 | 3,002,225.94 | 20,965,358.91 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | -373,786.21 | 0.00 | 0.00 | -373,786.21 |
| (1)Disposal | ||||
| (2)Othertransfer | ||||
| (3)Exchangeadjustment | -373,786.21 | 0.00 | 0.00 | -373,786.21 |
| 4.Endingbalance | 490,607,958.97 | 13,360,585.89 | 24,998,989.48 | 528,967,534.34 |
| III.Depreciationreserves | ||||
| 1.Beginningbalance | ||||
| 2.Increasedamountforthecurrentperiod | ||||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
| (2)Othertransfer |
4.Endingbalance
| 4.Endingbalance | ||||
| IV.Carryingvalue | ||||
| 1.Endingcarryingvalue | 392,335,893.40 | 1,135,316.31 | 12,193,727.35 | 405,664,937.06 |
| 2.Beginningcarryingvalue | 389,431,469.58 | 1,135,316.31 | 15,195,953.29 | 405,762,739.18 |
(2)InvestmentPropertyAdoptingtheFairValueMeasurementMode
□Applicable?NotapplicableTheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Investmentpropertiesmeasuredinfairvaluebyprojectdisclosure:
Unit:RMB
| Projectname | Location | Timeofcompletion | Floorarea(m2) | Leaseincomeduringthisreportingperiod | Beginningfairvalue | Closingfairvalue | Rangeoffairvaluechanges | Reasonforfairvaluechangesandreportindex |
WhethertheCompanyhasnewinvestmentpropertiesinconstructionperiodmeasuredinfairvalue
□Yes?NoWhethertheCompanyhasnewinvestmentpropertiesmeasuredinfairvalue
□Yes?No
(3)InvestmentPropertyFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
| 507Unit,BlockNo.6,Maguling | 23,334.11 | Thehouseisusedforpropertymanagement,onceoccupiedbythethirdparty,apropertymanagementcompany,nowhasbeenrecovered,buthasn’thandledthewarrantyet. |
| Meilinland | Obtainedafterthesuccessinthelastinstancein2017,relevantcertificationsofpropertyareintheprocedure | |
| Total | 23,334.11 |
Othernotes:
Note:Asat30June2023,theoriginalcarryingvalueofMeilinlandwasRMB3,885,469.40,theaccumulatedaccrueddepreciationwasRMB3,885,469.40,andthecarryingvaluewasRMB0.
21.FixedAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Fixedassets | 72,977,952.16 | 82,745,172.12 |
| Total | 72,977,952.16 | 82,745,172.12 |
(1)ListofFixedAssets
Unit:RMB
| Item | Housesandbuildings | Machineryequipment | Transportationvehicle | Decorationofthefixedassets | Othermachinery | Total |
| I.Originalcarryingvalue: | ||||||
| 1.Beginningbalance | 129,859,285.29 | 6,457,738.92 | 19,461,561.97 | 37,715,645.88 | 57,075,135.08 | 250,569,367.14 |
| 2.Increasedamountforthecurrentperiod | 100,458.85 | 405,630.12 | 1,921,221.97 | 2,427,310.94 | ||
| (1)Purchase | 100,458.85 | 405,630.12 | 1,921,221.97 | 2,427,310.94 | ||
| (2)Transferfromconstructioninprogress | ||||||
| (3)Businesscombinationincrease |
| 3.Decreasedamountforthecurrentperiod | 5,482,998.10 | 15,950.00 | 304,900.00 | 933,964.58 | 6,737,812.68 | |
| (1)Disposalorscrap | 15,950.00 | 304,900.00 | 933,964.58 | 1,254,814.58 |
(2)Others
| (2)Others | 5,482,998.10 | 5,482,998.10 | ||||
| 4.Endingbalance | 124,376,287.19 | 6,542,247.77 | 19,562,292.09 | 37,715,645.88 | 58,062,392.47 | 246,258,865.40 |
| II.Accumulativedepreciation | ||||||
| 1.Beginningbalance | 95,882,680.45 | 2,648,956.94 | 13,790,571.17 | 18,649,255.82 | 36,777,013.48 | 167,748,477.86 |
| 2.Increasedamountforthecurrentperiod | 1,073,376.55 | 368,465.41 | 899,185.22 | 3,739,759.14 | 3,329,303.47 | 9,410,089.79 |
| (1)Withdrawal | 1,073,376.55 | 368,465.41 | 899,185.22 | 3,739,759.14 | 3,329,303.47 | 9,410,089.79 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | 2,751,867.91 | 15,950.00 | 265,516.90 | 844,319.60 | 3,877,654.41 | |
| (1)Disposalorscrap | 15,950.00 | 265,516.90 | 844,319.60 | 1,125,786.50 | ||
| (2)Others | 2,751,867.91 | 2,751,867.91 |
4.Endingbalance
| 4.Endingbalance | 94,204,189.09 | 3,001,472.35 | 14,424,239.49 | 22,389,014.96 | 39,261,997.35 | 173,280,913.24 |
| III.Depreciationreserves | ||||||
| 1.Beginningbalance | 75,717.16 | 75,717.16 | ||||
| 2.Increasedamountforthecurrentperiod | ||||||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | 75,717.16 | 75,717.16 | |
| (1)Disposalorscrap | 75,717.16 | 75,717.16 |
4.Endingbalance
| 4.Endingbalance | ||||||
| IV.Carryingvalue | ||||||
| 1.Endingcarryingvalue | 30,172,098.10 | 3,540,775.42 | 5,138,052.60 | 15,326,630.92 | 18,800,395.12 | 72,977,952.16 |
| 2.Beginningcarryingvalue | 33,900,887.68 | 3,808,781.98 | 5,670,990.80 | 19,066,390.06 | 20,298,121.60 | 82,745,172.12 |
(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 | 2,274,041.26 | Propertyrightsdisputesbefore,nowhavewonalawsuitwithcertificationofthepropertybeingprocessed. |
| Room401,402,SanxiangBusinessBuildingOfficeBuilding | 614,187.20 | Theofficebuildingwillberemovedduetotheprojectadjustmentandahigh-riseofficebuildingwillbeestablishednearbythepresentaddress.Theexistingpropertyshallbereplacedafterthecompletionofthenewofficebuilding.Thus,thecertificationofthepropertyisfailedtotransact. |
| Total | 2,888,228.46 |
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 | 96,978,273.81 | 96,978,273.81 |
| 2.Increasedamountforthecurrentperiod | 10,643,690.71 | 10,643,690.71 |
| (1)NewLeases | 10,643,690.71 | 10,643,690.71 |
| 3.Decreasedamountforthecurrentperiod | 17,761,164.68 | 17,761,164.68 |
| (1)Expirationofleasecontract | 1,297,675.17 | 1,297,675.17 |
| (2)Leasetermination | 10,175,574.13 | 10,175,574.13 |
| (3)Others | 6,287,915.38 | 6,287,915.38 |
| 4.Endingbalance | 89,860,799.84 | 89,860,799.84 |
| II.Accumulativedepreciation | ||
| 1.Beginningbalance | 26,809,858.16 | 26,809,858.16 |
| 2.Increasedamountforthecurrentperiod | 10,342,761.89 | 10,342,761.89 |
| (1)Withdrawal | 10,342,761.89 | 10,342,761.89 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod | 3,068,278.39 | 3,068,278.39 |
| (1)Disposal | ||
| Leasetermination | 3,068,278.39 | 3,068,278.39 |
| 4.Endingbalance | 34,084,341.66 | 34,084,341.66 |
| III.Depreciationreserves | ||
| 1.Beginningbalance | ||
| 2.Increasedamountforthecurrentperiod | ||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | ||
| IV.Carryingvalue | ||
| 1.Endingcarryingvalue | 55,776,458.18 | 55,776,458.18 |
| 2.Beginningcarryingvalue | 70,168,415.65 | 70,168,415.65 |
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 | 1,790,929.22 | 1,790,929.22 | |
| 2.Increasedamountforthecurrentperiod | 323,300.59 | 323,300.59 | |
| (1)Withdrawal | 323,300.59 | 323,300.59 |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | 2,114,229.81 | 2,114,229.81 | |
| III.Depreciationreserves | |||
| 1.Beginningbalance | |||
| 2.Increasedamountforthecurrentperiod | |||
| (1)Withdrawal |
3.Decreasedamountforthecurrentperiod
| 3.Decreasedamountforthecurrentperiod |
| (1)Disposal |
4.Endingbalance
| 4.Endingbalance | |||
| IV.Carryingvalue | |||
| 1.Endingcarryingvalue | 946,082.32 | 946,082.32 | |
| 2.Beginningcarryingvalue | 1,269,382.91 | 1,269,382.91 |
TheproportionofintangibleassetsformedfromtheinternalR&DoftheCompanyatthePeriod-endtotheendingbalanceofintangibleassets
(2)LandUseRightFailedtoAccomplishCertificationofProperty
Unit:RMB
| Item | Carryingvalue | Reason |
Othernotes:
27.DevelopmentCosts
Unit:RMB
| Item | Beginning | Increasedamountofthecurrentperiod | Decreasedamountforthecurrentperiod | Ending |
| balance | Internaldevelopmentcosts | Others | Recognizedasintangibleassets | Transferredintothecurrentprofitorloss | balance |
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 | |||||
Total
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:
InfluenceofgoodwillimpairmenttestingOthernotes:
29.Long-termPrepaidExpense
Unit:RMB
| Item | Beginningbalance | Increasedamountofthecurrentperiod | Amortizationamountofthecurrentperiod | Otherdecreasedamount | Endingbalance |
| Decorationfee | 21,980,602.46 | 1,990,869.21 | 4,357,979.80 | 21,985.79 | 19,591,506.08 |
| Total | 21,980,602.46 | 1,990,869.21 | 4,357,979.80 | 21,985.79 | 19,591,506.08 |
Othernotes:
30.DeferredIncomeTaxAssets/DeferredIncomeTaxLiabilities
(1)DeferredIncomeTaxAssetsHadNotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Deductibletemporarydifferences | Deferredincometaxassets | Deductibletemporarydifferences | Deferredincometaxassets | |
| Provisionforimpairmentofassets | 91,518,925.24 | 19,529,639.19 | 72,321,489.09 | 15,066,804.41 |
| Internalunrealizedprofit | 438,745,107.84 | 109,686,276.96 | 439,263,809.16 | 109,815,952.29 |
| Deductiblelosses | 930,939,553.18 | 232,593,025.59 | 1,159,867,308.26 | 288,683,459.58 |
| AccruedlandVAT | 3,865,285,968.24 | 966,321,492.06 | 3,838,271,429.24 | 959,567,857.31 |
| Estimatedprofitcalculatedatpre-salerevenueofpropertyenterprises | 94,559,293.40 | 23,639,823.35 | 35,766,814.24 | 8,941,703.56 |
| Otheraccruedexpenses | 6,301,806.64 | 1,422,129.16 | 4,512,525.55 | 974,808.89 |
| Total | 5,427,350,654.54 | 1,353,192,386.31 | 5,550,003,375.54 | 1,383,050,586.04 |
(2)DeferredIncomeTaxLiabilitiesHadNotBeenOff-set
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||
| Taxabletemporarydifference | Deferredincometaxliabilities | Taxabletemporarydifference | Deferredincometaxliabilities | |
| Thecarryingvalueoffixedassetswaslargerthanthetaxbasis | 696,675.48 | 174,168.87 | 967,914.16 | 241,978.54 |
| Total | 696,675.48 | 174,168.87 | 967,914.16 | 241,978.54 |
(3)DeferredIncomeTaxAssetsorLiabilitiesHadBeenOff-setListedinNetAmount
Unit:RMB
| Item | Endingoff-setamountofdeferredincometaxassetsandliabilities | Endingbalanceofdeferredincometaxassetsandliabilities | Beginningoff-setamountofdeferredincometaxassetsandliabilities | Beginningbalanceofdeferredincometaxassetsandliabilities |
| Deferredincometaxassets | 1,353,192,386.31 | 1,383,050,586.04 | ||
| Deferredincometaxliabilities | 174,168.87 | 241,978.54 |
(4)ListofUnrecognizedDeferredIncomeTaxAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Deductibletemporarydifferences | 48,268,108.72 | 52,448,071.36 |
| Deductiblelosses | 515,895,750.67 | 508,734,563.66 |
| Total | 564,163,859.39 | 561,182,635.02 |
(5)DeductibleLossesofUnrecognizedDeferredIncomeTaxAssetswillDueintheFollowingYears
Unit:RMB
| Year | Endingamount | Beginningamount | Notes |
| 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 | 81,285,680.12 | Thedeductiblelossesof2022 |
| 2028 | 7,161,187.01 | Thedeductiblelossesof2023 | |
| Total | 515,895,750.67 | 508,734,563.66 |
Othernotes:
31.OtherNon-currentAssets
Unit:RMB
| Item | Endingbalance | Beginningbalance | ||||
| Carryingamount | Impairmentprovision | Carryingvalue | Carryingamount | Impairmentprovision | Carryingvalue | |
| Prepaymentforpurchaseoffixedassets,investmentpropertiesandintangibleassets | 1,291,779.31 | 1,291,779.31 | 115,779.31 | 115,779.31 | ||
| Others | 2,635,093.77 | 2,635,093.77 | 2,635,093.77 | 2,635,093.77 | ||
| Total | 3,926,873.08 | 3,926,873.08 | 2,750,873.08 | 2,750,873.08 | ||
Othernotes:
32.Short-termBorrowings
(1)CategoryofShort-termBorrowings
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Notesofthecategoryforshort-termloans:
(2)ListoftheShort-termBorrowingsOverduebutnotReturned
Theamountoftheoverdueunpaidshort-termborrowingsattheperiod-endwasRMBXXX,ofwhichthesignificantoverdueunpaidshort-termborrowingsareasfollows:
Unit:RMB
| Entity | Endingbalance | Interestrate | Overduetime | Overduechargerate |
Othernotes:
33.TradingFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ofwhich: | ||
| Ofwhich: |
Othernotes:
34.DerivativeFinancialLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
35.NotesPayable
Unit:RMB
| Category | Endingbalance | Beginningbalance |
ThetotalamountofnotespayableduebutunpaidwasRMBXXX.
36.AccountsPayable
(1)ListofAccountsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Engineeringconstructionexpensepayable | 353,407,806.68 | 484,123,042.01 |
| Estimatedpayables | 2,712,921.63 | 32,863,907.25 |
| Others | 141,395,031.89 | 91,296,439.26 |
| Total | 497,515,760.20 | 608,283,388.52 |
(2)SignificantAccountsPayableAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ShenzhenMunicipalBureauofPlanningandLand | 25,000,000.00 | Historicalproblems |
| ChinaConstructionFourthEngineeringDivisionCorp.,Ltd. | 12,017,672.83 | Unsettled |
| ShanghaiMingpengConstructionGroupCo.,Ltd. | 5,976,705.79 | Unsettled |
| ShenzhenRuiheConstructionDecorationCo.,Ltd. | 2,753,369.98 | Unsettled |
| ShenzhenHONGTAOGroupCo.,Ltd. | 2,569,572.34 | Unsettled |
| Total | 48,317,320.94 |
Othernotes:
37.AdvancesfromCustomers
(1)ListofAdvancesfromCustomers
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Rental | 1,209,185.48 | 2,260,847.31 |
| Total | 1,209,185.48 | 2,260,847.31 |
(2)SignificantAdvancesfromCustomersAgedover1Year
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
Othernotes:
38.ContractLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Housepaymentinadvance | 47,733,616.21 | 857,317,217.99 |
| Propertyfeeinadvance | 33,209,460.24 | 15,740,950.87 |
| Otherpaymentsinadvance | 38,816,647.12 | 47,769,871.95 |
| Total | 119,759,723.57 | 920,828,040.81 |
SignificantchangesintheamountofcarryingvalueandthereasonintheReportingPeriod
Unit:RMB
| Item | Changeinamount | Reason(s) |
| SZPRD-FuchangGardenPhaseII(FuhuiHuayuan) | -840,878,470.63 | Thecarrieddownqualifiedforrevenuecarriedforwardwascarriedforwardtoincomefromprincipalbusinesses. |
| SZPRD-GoldenCollar’sResort | 28,343,180.03 | Salespaymentcollectionfromtheprojectinthecurrentperiod |
| Total | -812,535,290.60 |
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Theproceedsinformationoftopfiveadvancesaleamount:
Unit:RMB
| No. | Projectname | Beginningbalance | Endingbalance | Estimateddateofcompletion | Advancesaleproportion |
| 1 | SZPRD-GoldenCollar’sResort | 15,574,706.92 | 43,917,886.95 | 25December2019 | 96.00% |
| 2 | GuangmingYutangShangfuproject | 0.00 | 2,986,620.19 | 1December2024 | 1.70% |
| 3 | SZPRD-HupanYujingPhaseII | 716,422.02 | 707,247.71 | 30November2017 | 96.00% |
| 4 | SZPRD-BanshanYujingPhaseII | 110,921.17 | 74,430.17 | 12January2022 | 100.00% |
| 5 | SZPRD-HupanYujingPhaseI | 36,697.25 | 36,697.25 | 1June2015 | 88.24% |
39.PayrollPayable
(1)ListofPayrollPayable
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| I.Short-termsalary | 234,726,107.97 | 423,623,999.36 | 467,829,214.52 | 190,520,892.81 |
| II.Post-employmentbenefit-definedcontributionplans | 1,650,684.05 | 35,124,716.34 | 34,223,858.31 | 2,551,542.08 |
| III.Terminationbenefits | 2,749,600.00 | 2,749,600.00 | ||
| Total | 239,126,392.02 | 458,748,715.70 | 504,802,672.83 | 193,072,434.89 |
(2)ListofShort-termSalary
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| 1.Salary,bonus,allowance,subsidy | 216,273,079.86 | 371,317,457.31 | 413,685,247.77 | 173,905,289.40 |
| 2.Employeewelfare | 1,408,479.54 | 530,327.31 | 809,484.30 | 1,129,322.55 |
| 3.Socialinsurance | 71,070.35 | 15,509,848.67 | 15,281,606.04 | 299,312.98 |
| Ofwhich:Medicalinsurancepremiums | 60,059.54 | 13,198,732.10 | 12,994,566.26 | 264,225.38 |
| Work-relatedinjuryinsurancepremiums | 1,263.70 | 643,673.04 | 626,227.56 | 18,709.18 |
| Maternityinsurance | 2,154.62 | 786,269.22 | 779,285.91 | 9,137.93 |
| Othercommercialinsurances | 7,592.49 | 881,174.31 | 881,526.31 | 7,240.49 |
| 4.Housingfund | 1,279,643.31 | 13,741,572.37 | 13,742,470.35 | 1,278,745.33 |
| 5.Laborunionbudgetandemployeeeducationbudget | 11,352,966.60 | 8,376,367.18 | 8,179,570.54 | 11,549,763.24 |
| 8.Non-monetarybenefits | 4,340,868.31 | 14,148,426.52 | 16,130,835.52 | 2,358,459.31 |
| Total | 234,726,107.97 | 423,623,999.36 | 467,829,214.52 | 190,520,892.81 |
(3)ListofDefinedContributionPlans
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| 1.Basicpensioninsurance | 145,676.75 | 29,593,189.67 | 29,245,239.63 | 493,626.79 |
| 2.Unemploymentinsurancepremiums | 4,125.03 | 711,810.87 | 700,545.89 | 15,390.01 |
| 3.Supplementarypensionpayment | 1,500,882.27 | 4,797,985.48 | 4,256,342.47 | 2,042,525.28 |
| Others | 21,730.32 | 21,730.32 | ||
| Total | 1,650,684.05 | 35,124,716.34 | 34,223,858.31 | 2,551,542.08 |
Othernotes:
40.TaxesPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| VAT | 14,088,568.40 | 15,392,042.91 |
| Consumptiontax | 0.00 | 0.00 |
| Enterpriseincometax | 32,630,161.71 | 57,096,046.69 |
| Personalincometax | 4,576,871.47 | 3,141,049.35 |
| Urbanmaintenanceandconstructiontax | 1,132,969.70 | 1,464,551.01 |
| Landappreciationtax | 3,865,285,968.16 | 3,838,271,429.24 |
| Landusetax | 941,954.40 | 153,626.98 |
| Propertytax | 5,712,733.63 | 600,966.66 |
| Educationalsurcharge | 464,449.41 | 707,668.15 |
| Localeducationalfee | 432,570.90 | 383,745.82 |
| Others | 133,425.21 | 67,220.00 |
| Total | 3,925,399,672.99 | 3,917,278,346.81 |
Othernotes:
41.OtherPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Interestpayable | 0.00 | 0.00 |
| Dividendspayable | 227,351,128.25 | 12,202,676.04 |
| Otherpayables | 1,476,775,808.27 | 1,502,883,156.41 |
| Total | 1,704,126,936.52 | 1,515,085,832.45 |
(1)InterestPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
Listofthesignificantoverdueunpaidinterest:
Unit:RMB
| Entity | Overdueamount | Overduereason |
Othernotes:
(2)DividendsPayable
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Ordinarystockdividends | 227,351,128.25 | 12,202,676.04 |
| Total | 227,351,128.25 | 12,202,676.04 |
Othernotes:includingsignificantdividendspayableunpaidforoveroneyear,theunpaidreasonshallbedisclosed:
| Item | Amountunpaid | Reason |
| ShenzhenGreeningDepartment | 10,869,036.68 | Companyrestructuredwithoutclearingpaymentobject |
| LaborUnionofShenzhenGreeningDepartment | 1,300,000.00 | Companyrestructuredwithoutclearingpaymentobject |
| Others | 33,639.36 | Withoutaccesstoitsaccountandthefinalpaymentisunpaid |
| Total | 12,202,676.04 |
(3)OtherPayables
1)OtherPayablesListedbyNatureofAccount
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Securitydeposit | 339,025,828.61 | 316,108,932.91 |
| Margin | 19,211,060.35 | 13,585,641.99 |
| Collectiononbehalf | 4,350,525.30 | 3,596,458.33 |
| Intercoursefunds | 814,319,067.66 | 855,267,729.70 |
| Accruedexpenses | 237,339,978.52 | 224,646,116.70 |
| Paymentonbehalf | 14,727,817.67 | 19,052,869.33 |
| Others | 47,801,530.16 | 70,625,407.45 |
| Total | 1,476,775,808.27 | 1,502,883,156.41 |
2)SignificantOtherAccountsPayableAgingoverOneYear
Unit:RMB
| Item | Endingbalance | Unpaid/Un-carry-overreason |
| ShenzhenPasonAluminumTechnologyCo.,Ltd. | 196,416,155.45 | Didnotsubmitthepaymentapplicationforhistoricalreasons |
| ShenzhenHengyu(Group)Co.,Ltd. | 162,000,000.00 | Unsettled |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 154,415,543.77 | Unsettled |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 42,296,665.14 | Intercoursefundwithoutspecificpaymentterm |
| ShenzhenToutiaoTechnologyCo.,Ltd. | 12,424,072.07 | Leasetermnotexpired |
| Total | 567,552,436.43 |
Othernotes:
42.Held-for-saleLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
Othernotes:
43.CurrentPortionofNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Currentportionoflong-termborrowings | 201,663,040.96 | 196,645,408.45 |
| Leaseobligationmaturedwithin1Year | 21,006,002.41 | 22,213,358.37 |
| Total | 222,669,043.37 | 218,858,766.82 |
Othernotes:
44.OtherCurrentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Taxtobechargedoff | 3,392,989.52 | 83,991,786.83 |
| Total | 3,392,989.52 | 83,991,786.83 |
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 | 3,187,796,390.00 | 3,156,782,344.00 |
| Mortgageloans | 553,453,878.17 | |
| Creditloan | 431,200,000.00 | 462,000,000.00 |
| Total | 4,172,450,268.17 | 3,618,782,344.00 |
Notetothecategoryoflong-termborrowings:
Thepledgedborrowingsattheperiod-end[1]wereusedtodeveloptheLanhushidaiprojectofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.,asubsidiaryoftheCompany(hereinafterreferredtoas“RongyaoRealEstate”)withthedurationfrom29November2019to20November2024.And69%equityofRongyaoRealEstateheldbytheCompanywaspledgedandtheguaranteemodewasthejointliabilityguaranty.Thepledgeborrowingsattheperiod-end[2]wereusedtoacquire100%offivepropertymanagemententerprises.TheyareShenzhenPropertyManagementCo.,Ltd.,ShenzhenForeignTradePropertyManagementCo.,Ltd.,ShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd.andShenzhenFreeTradeZoneSecurityServiceCo.,Ltd.bytheCompany'ssubsidiaryShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.withthedurationfrom18May2022to26April2027.Andthe100%equityofthesefiveenterprisesheldbyShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd.Thepledgedloans[3]attheperiod-endwereusedtodeveloptheHumenSeaBayGardenprojectofDongguanWuheRealEstateCo.,Ltd.,asubsidiaryoftheCompany,withthedurationfrom30March2023to5August2027.AllaccountsreceivableofDongguanWuheRealEstateCo.,Ltd.innextfiveyearswaspledged.Themortgageloans[1]attheperiod-endwereusedtodeveloptheHumenSeaBayGardenprojectofDongguanWuheRealEstateCo.,Ltd.,asubsidiaryoftheCompany,withthedurationfrom30March2023to5August2027.ThelanduserightofHumenSeaBayGardenprojectheldbyDongguanWuheRealEstateCo.,Ltd.waspledged.Themortgageloans[2]attheperiod-endwereusedtodeveloptheGuangmingYutangShangfuprojectofShenzhenGuangmingWuheRealEstateCo.,Ltd.,asubsidiaryoftheCompany,withthedurationfrom24May2023to25April2028.ThelanduserightofGuangmingYutangShangfuprojectheldbyShenzhenGuangmingWuheRealEstateCo.,Ltd.waspledged.Themortgageloans[3]attheperiod-endwereusedtodeveloptheLanhushidaiprojectofShenzhenRongyaoRealEstateDevelopmentCo.,Ltd.,asubsidiaryoftheCompany(hereinafterreferredtoas“RongyaoRealEstate”)withthedurationfrom30March2023to30March2026.ThelanduserightofLanhushidaiprojectheldbyRongyaoRealEstatewaspledgedandtheCompanyprovidedjointandseveralliabilityguarantee..
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 | 99,694,102.14 | 119,208,080.55 |
| Less:Unrecognizedfinancingexpense | -15,762,599.86 | -19,031,438.63 |
| Less:Leaseliabilitiesduewithin1year(filledinwithnegativenumber) | -21,006,002.41 | -22,213,358.37 |
| Total | 62,925,499.87 | 77,963,283.55 |
Othernotes:
48.Long-termPayables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
(1)Long-termPayablesListedbyNature
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Total | 0.00 | 0.00 |
Othernotes:
(2)SpecificPayables
Unit:RMB
| Item | Beginningbalance | Increaseforthe | Decreaseforthe | Endingbalance | Reasonfor |
| currentperiod | currentperiod | formation |
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 | 766,612.52 | Xuanshengpropertymanagementfeelawsuit |
| Total | 766,612.52 | 766,612.52 |
Othernotes,includingnotestorelatedsignificantassumptionsandevaluationofsignificantprovisions:
RefertoNoteXIV-2fordetails.
51.DeferredIncome
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance | Reasonforformation |
| Total | 0.00 | 0.00 |
Iteminvolvinggovernmentgrants:
Unit:RMB
| Item | Beginningbalance | Amountofnewlysubsidyforthecurrentperiod | Amountrecordedintonon-operatingincomeinthecurrentperiod | Amountrecordedintootherincomeinthecurrentperiod | Amountoffsetcostinthecurrentperiod | Otherchanges | Endingbalance | Relatedtoassets/relatedincome |
Othernotes:
52.OtherNon-currentLiabilities
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Utilityspecificfund | 636,774.81 | 634,414.79 |
| Housingprinciplefund | 16,201,175.98 | 15,105,690.42 |
| Housewarmingdeposit | 6,466,131.01 | 7,058,030.03 |
| ElectricEquipmentMaintenancefund | 4,019,415.44 | 4,019,415.44 |
| Deputedmaintenancefund | 53,418,040.46 | 53,798,172.96 |
| Follow-upinvestmentofemployeesforLanhushidaiproject | 40,000,000.00 | 40,000,000.00 |
| Others | 7,510,304.23 | 7,393,196.15 |
| Total | 128,251,841.93 | 128,008,919.79 |
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 |
| Othercapitalreserves | 80,488,045.38 | 80,488,045.38 | ||
| Total | 80,488,045.38 | 80,488,045.38 |
Othernotes,includingadescriptionoftheincreaseordecreaseforthecurrentperiodandthereasonsforthechange:
56.TreasuryShares
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| Total | 0.00 | 0.00 |
Othernotes,includingadescriptionoftheincreaseordecreaseforthecurrentperiodandthereasonsforthechange:
57.OtherComprehensiveIncome
Unit:RMB
| Item | Beginningbalance | Amountforthecurrentperiod | Endingbalance | |||||
| Amountbeforedeductingincometaxforthecurrentperiod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinprofitorlossinthecurrentperiod | Less:recordedinothercomprehensiveincomeinpriorperiodandtransferredinretainedearningsinthecurrentperiod | Less:Incometaxexpense | AttributabletotheCompanyastheparentaftertax | Attributableminorityshareholdersaftertax | |||
| I.Othercomprehensiveincomethatmaynotbereclassifiedtoprofitorloss | -2,742,841.65 | -275,978.56 | -275,978.56 | -3,018,820.21 | ||||
| Changesinfairvalueofotherequityinstrumentinvestment\ | -2,742,841.65 | -275,978.56 | -275,978.56 | -3,018,820.21 | ||||
| II.Othercomprehensiveincomethatmaysubsequentlybereclassifiedtoprofitorloss | -1,111,536.30 | 1,679,998.83 | 1,679,998.83 | 568,462.53 | ||||
| Differencesarisingfromtranslationofforeigncurrency-denominatedfinancialstatements | -1,111,536.30 | 1,679,998.83 | 1,679,998.83 | 568,462.53 | ||||
| Totalofothercomprehensiveincome | -3,854,377.95 | 1,404,020.27 | 1,404,020.27 | -2,450,357.68 | ||||
Othernotes,includingtheadjustmentoftheeffectivegain/lossoncashflowhedgestotheinitialrecognizedamount:
58.SpecificReserve
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
Othernotes,includingadescriptionoftheincreaseordecreaseforthecurrentperiodandthereasonsforthechange:
59.SurplusReserves
Unit:RMB
| Item | Beginningbalance | Increaseforthecurrentperiod | Decreaseforthecurrentperiod | Endingbalance |
| Statutorysurplusreserves | 48,521,202.68 | 48,521,202.68 | ||
| Discretionalsurplusreserves | 365,403.13 | 365,403.13 | ||
| Total | 48,886,605.81 | 48,886,605.81 |
Notes,includingchangesandreasonofchange:
60.RetainedEarnings
Unit:RMB
| Item | Currentperiod | Previousperiod |
| Beginningbalanceofretainedprofitsbeforeadjustments | 3,691,056,182.73 | 3,800,901,413.35 |
| Beginningbalanceofretainedprofitsafter | 3,691,056,182.73 | 3,800,901,413.35 |
| adjustments | ||
| Add:NetprofitattributabletoownersoftheCompanyastheparent | 220,903,444.63 | 250,802,157.71 |
| Dividendsofcommonsharespayable | 215,148,452.21 | |
| Others | -1,644,822.69 | -208,463,077.04 |
| Endingretainedprofits | 3,695,166,352.46 | 3,437,974,711.46 |
Listofadjustmentofbeginningretainedprofits:
1)RMBXXXbeginningretainedearningswasaffectedbyretrospectiveadjustmentconductedaccordingtotheAccountingStandardsforBusinessEnterprisesandrelevantnewregulations.
2)RMBXXXbeginningretainedearningswasaffectedbychangesinaccountingpolicies.
3)RMBXXXbeginningretainedearningswasaffectedbycorrectionofsignificantaccountingerrors.
4)RMBbeginningretainedprofitswasaffectedbychangesincombinationscopearisingfromsamecontrol.
5)RMBXXXbeginningretainedearningswasaffectedtotallybyotheradjustments.
61.OperatingRevenueandCostofSales
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Principalbusiness | 1,838,535,192.23 | 1,348,203,616.26 | 1,972,677,481.97 | 1,067,980,872.62 |
| Others | 66,929,440.62 | 23,956,267.99 | 15,622,358.27 | 671,710.70 |
| Total | 1,905,464,632.85 | 1,372,159,884.25 | 1,988,299,840.24 | 1,068,652,583.32 |
Relevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Productcategories | 1,905,464,632.85 | 1,905,464,632.85 | ||
| Ofwhich: | ||||
| Realestate | 1,053,881,874.68 | 1,053,881,874.68 | ||
| Propertymanagement | 773,181,325.02 | 773,181,325.02 | ||
| Leasingbusiness | 78,401,433.15 | 78,401,433.15 | ||
| Classificationbyoperatingregion | 1,905,464,632.85 | 1,905,464,632.85 | ||
| Ofwhich: | ||||
| Shenzhen | 1,736,158,823.32 | 1,736,158,823.32 | ||
| Otherregions | 169,305,809.53 | 169,305,809.53 | ||
| Marketorcustomertype | ||||
| Ofwhich: |
Contracttype
| Contracttype |
| Ofwhich: |
Classificationbytimeofcommoditytransfer
| Classificationbytimeofcommoditytransfer |
| Ofwhich: |
Classificationbycontractterm
| Classificationbycontractterm |
| Ofwhich: |
Classificationbysaleschannel
Ofwhich:
Total
Informationaboutperformanceobligations:
On30June,2023,thetransactionpriceassignedtounfulfilled(orpartiallyfulfilled)performanceobligationswasestimatedtobeRMB120million,whichismainlyexpectedfuturerevenueoftransactionpricesthathavenotmetthedeliveryconditionsstipulatedinsalescontractsofrealestate.TheCompanyisexpectedtoachievetheplannedsalesrevenuewithinoneortwoyearswhenthehousepropertyiscompletedandpassestheacceptance,whichmeetsthedeliveryconditionsstipulatedinsalescontracts,andwhenthecustomersacquirethecontrolrightsofrelevantgoodsorservicesonapilotbasis.Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB119,759,723.56attheperiod-end,amongwhichRMB62,270,248.99wasexpectedtoberecognizedin2023,RMB12,104,375.25wasexpectedtoberecognizedin2024,andRMB45,385,099.32wasexpectedtoberecognizedin2025.Othernotes:
TheCompanyshallcomplywiththedisclosurerequirementsfortherealestateindustryintheSelf-regulatoryGuidelinesNo.3forCompaniesListedonShenzhenStockExchange-IndustryInformationDisclosure.Thetop5accountsreceivedwithconfirmedamountintheReportingPeriod:
Unit:RMB
TotalNo.
| No. | Projectname | Incomebalance |
| 1 | FuchangGardenPhaseII | 965,944,812.30 |
| 2 | GoldenCollar’sResort | 66,354,012.36 |
| 3 | SonghuLangyuan | 781,769.51 |
| 4 | HupanYujingPhaseII | 250,872.47 |
| 5 | BanshanYujingPhaseII | 57,027.52 |
62.TaxesandSurtaxes
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Urbanmaintenanceandconstructiontax | 5,234,580.49 | 6,451,246.20 |
| Educationalsurcharge | 2,245,496.54 | 2,793,502.94 |
| Propertytax | 5,879,679.55 | 2,296,167.11 |
| Landusetax | 1,017,014.81 | |
| Vehicleandvesselusagetax | 18,361.26 | 14,176.80 |
| Stampduty | 531,098.01 | 1,998,247.74 |
| Landappreciationtax | 28,694,726.98 | 378,694,384.75 |
| Localeducationalfee | 1,500,541.14 | 1,827,584.76 |
| Othertaxes | 69,287.25 | 155,409.51 |
| Total | 45,190,786.03 | 394,230,719.81 |
Othernotes:
63.SellingExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Agencyfee | 26,078.00 | 989,571.51 |
| Consultancyandsalesservicecharges | 2,385,496.26 | 2,384,890.28 |
| Advertisingexpenses | 3,855,726.14 | 954,193.61 |
| Employeeremuneration | 4,649,571.85 | 3,422,942.15 |
| Others | 2,170,424.80 | 3,607,260.96 |
| Total | 13,087,297.05 | 11,358,858.51 |
Othernotes:
64.AdministrativeExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Employeeremuneration | 109,945,612.07 | 107,934,307.26 |
| Administrativeofficecost | 14,020,387.30 | 13,369,249.80 |
| Assetsamortizationanddepreciationexpense | 13,134,121.00 | 12,231,294.86 |
| Litigationcosts | 5,611,455.50 | 1,823,824.81 |
| Others | 6,476,608.31 | 8,342,381.32 |
| Total | 149,188,184.18 | 143,701,058.05 |
Othernotes:
65.DevelopmentExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Employeeremuneration | 1,466,686.36 | 2,511,310.90 |
| Officecost | 47,920.50 | 3,395.00 |
| R&Dmaterialexpense | 1,592.92 | 25,050.00 |
| Others | 194,851.66 | 149,969.50 |
| Total | 1,711,051.44 | 2,689,725.40 |
Othernotes:
66.FinanceCosts
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Financecosts | 31,827,441.32 | 36,281,087.17 |
| Less:Interestincome(filledinwithnegativenumber) | -7,930,755.87 | -9,179,453.97 |
| Foreignexchangegainsorlosses | -523,791.38 | -1,610,359.72 |
| Others | 819,510.87 | 2,601,004.28 |
| Total | 24,192,404.94 | 28,092,277.76 |
Othernotes:
67.OtherIncome
Unit:RMB
| Sources | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Governmentgrantsrelatedtoincome | 950,093.18 | 3,006,828.76 |
| Returnofauxiliaryexpenseforindividualincometaxwithheld | 390,379.71 | 240,710.82 |
| AdditionaldeductionofVAT | 2,741,411.22 | 3,186,192.45 |
| RebateofVAT | 738,782.96 | 372,713.96 |
| Taxandfeerelief | 812,133.08 |
| Others | 37,288.76 | |
| Total | 5,670,088.91 | 6,806,445.99 |
68.InvestmentIncome
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 1,857,388.32 | 859,534.38 |
| Interestincomeearnedonotherinvestmentindebtobligationsduringtheholdingperiod | 87,379.67 | |
| Total | 1,857,388.32 | 946,914.05 |
Othernotes:
69.NetGainonExposureHedges
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
Othernotes:
70.GainonChangesinFairValue
Unit:RMB
| Sources | Amountforthecurrentperiod | Amountforthepreviousperiod |
Othernotes:
71.CreditImpairmentLoss
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Baddebtloss | -13,610,779.58 | -14,462,076.54 |
| Total | -13,610,779.58 | -14,462,076.54 |
Othernotes:
72.AssetImpairmentLoss
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| II.Inventoryfallingpricelossandimpairmentprovisionforcontractperformancecosts | 2,045.93 | 3,302.47 |
| Total | 2,045.93 | 3,302.47 |
Othernotes:
73.AssetDisposalIncome
Unit:RMB
| Sources | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Gainsondisposaloffixedassets | 115,810.85 | -41,452.49 |
| Gainsondisposalofotherassets | 58,568.84 |
74.Non-operatingIncome
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Governmentgrants | 17,500.00 | ||
| Gainsondamageandscrapofnon-currentassets | 5,568.23 | 5,568.23 | |
| Confiscatedincome | 652,311.27 | 916,961.90 | 652,311.27 |
| Paymentsunabletoclear | 56,282.77 | 874,963.88 | 56,282.77 |
| Others | -919,060.30 | 736,642.68 | -919,060.30 |
| Total | -204,898.03 | 2,546,068.46 | -204,898.08 |
Governmentgrantsrecordedintocurrentprofitorloss
Unit:RMB
| Item | Distributionentity | Distributionreason | Nature | Whetherinfluencetheprofitsorlossesoftheyearornot | Specialsubsidyornot | Amountforthecurrentperiod | Previousperiod | Relatedtoassets/relatedincome |
| Others | Subsidies | Subsidiesobtainedfromthestatebyundertakingthesustainabilityofpublicutilities,thesupplyofsociallynecessaryproducts,orthefunctionofpricecontrol | No | No | 17,500.00 | Relatedtorevenue |
Othernotes:
75.Non-operatingExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | Amountrecordedinthecurrentnon-recurringprofitorloss |
| Donation | 19,300.00 | ||
| Lossesfromdamageandscrapofnon-currentassets | 17,136.15 | 101,068.85 | 17,136.15 |
| Penaltyandfinefordelayingpayment | 78,886.53 | 1,050,960.64 | 78,886.53 |
| Others | 261,695.71 | 246,257.35 | 261,695.71 |
| Total | 357,718.39 | 1,417,586.84 | 357,718.39 |
Othernotes:
76.IncomeTaxExpense
(1)ListofIncomeTaxExpense
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Currentincometaxexpense | 48,971,626.96 | 173,064,812.19 |
| Deferredincometaxexpense | 29,847,648.80 | -80,409,607.93 |
| Total | 78,819,275.76 | 92,655,204.26 |
(2)AdjustmentProcessofAccountingProfitandIncomeTaxExpense
Unit:RMB
| Item | Amountforthecurrentperiod |
| Totalprofit | 293,465,531.81 |
| Currentincometaxexpenseaccountedatstatutory/applicabletaxrate | 73,366,382.95 |
| Influenceofapplyingdifferenttaxratesbysubsidiaries | -2,534,219.08 |
| Influenceofincometaxbeforeadjustment | 5,804,661.91 |
| Influenceofnon-deductiblecosts,expensesandlosses | 392,153.23 |
| Effectofdeductibletemporarydifferencesordeductiblelossesondeferredincometaxassetsnotrecognizedinthecurrentperiod | 1,790,296.75 |
| Incometaxexpense | 78,819,275.76 |
Othernotes:
77.OtherComprehensiveIncomeRefertoNotefordetails.
78.CashFlowStatement
(1)CashGeneratedfromOtherOperatingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Largeintercoursefundsreceived | 49,072,300.25 | 376,141,428.59 |
| Interestincome | 7,930,755.87 | 8,168,660.77 |
| Netmargins,securitydepositandvariousspecialfundsreceived | 45,287,205.39 | 47,722,607.40 |
| Othersmallreceivables | 24,479,612.17 | 29,754,454.20 |
| Total | 126,769,873.68 | 461,787,150.96 |
Notes:
(2)CashUsedinOtherOperatingActivities
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Payingadministrativeexpenseincash | 30,693,136.34 | 24,801,083.99 |
| Payingsellingexpenseincash | 8,054,091.33 | 9,594,684.62 |
| Paymentofutilityexpenseandvariouscollectingpaymentsonbehalfofothers | 49,083,846.80 | 70,071,543.78 |
| Othersmallpayments | 34,041,223.54 | 1,997,036.36 |
| Amountofnewlylimitedfunds | 5,455,416.01 | |
| Total | 127,327,714.02 | 106,464,348.75 |
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 |
| Paymentforleaseliabilities | 15,224,062.82 | 12,142,998.09 |
| Total | 15,224,062.82 | 12,142,998.09 |
Notes:
79.SupplementalInformationforCashFlowStatement
(1)SupplementalInformationforCashFlowStatement
Unit:RMB
| Supplementalinformation | Amountduringthecurrentperiod | Previousperiod |
| 1.Reconciliationofnetprofittonetcashflowsgeneratedfromoperatingactivities: | ||
| Netprofit | 214,646,256.05 | 241,301,028.23 |
| Add:Provisionforimpairmentofassets | 13,608,733.65 | 14,458,774.07 |
| Depreciationoffixedassets,oil-gasassets,andproductivebiologicalassets | 30,375,573.61 | 46,813,436.13 |
| Depreciationofright-of-useassets | 10,342,761.89 | 11,367,505.45 |
| Amortizationofintangibleassets | 323,300.59 | 390,983.97 |
| Amortizationoflong-termprepaidexpenses | 4,357,979.80 | 3,085,317.14 |
| Lossesfromdisposaloffixedassets,intangibleassetsandotherlong-livedassets(gainsrepresentedby“-") | -174,379.69 | 41,452.49 |
| Lossesfromscrapoffixedassets(gainsrepresentedby“-") | 17,136.15 | 101,068.85 |
| Lossesfromchangesinfairvalue(gainsrepresentedby“-") | ||
| Financecosts(gainsrepresentedby“-") | 24,192,404.94 | 28,092,277.76 |
| Investmentloss(gainsrepresentedby“-") | -5,385,588.91 | -6,806,445.99 |
| Decreaseindeferredincometaxassets(gainsrepresentedby“-") | 29,858,199.73 | -80,319,053.48 |
| Increaseindeferredincometaxliabilities(decreaserepresentedby“-") | -67,809.67 | -68,469.92 |
| Decreaseininventory(gainsrepresentedby“-") | 127,259,375.62 | -761,934,290.05 |
| Decreaseinaccountsreceivablegeneratedfromoperatingactivities(gainsrepresentedby“-") | -13,839,646.61 | -44,432,489.46 |
| Increaseinaccountspayableusedinoperatingactivities(decreaserepresentedby“-") | -1,015,535,955.30 | 151,914,673.72 |
| Others | ||
| Netcashflowsfromoperatingactivities | -580,021,658.15 | -395,994,231.09 |
| 2.Significantinvestingandfinancingactivitieswithoutinvolvementofcashreceiptsandpayments | ||
| Conversionofdebttocapital | ||
| Convertiblecorporatebondsmaturedwithinoneyear | ||
| Fixedassetunderfinancelease | ||
| 3.Netincrease/decreaseofcashandcashequivalent: | ||
| Closingbalanceofcash | 1,376,665,482.70 | 1,473,196,246.07 |
| Less:Openingbalanceofcash | 1,509,693,857.48 | 1,963,988,756.69 |
| Add:Closingbalanceofcashequivalents |
| Less:Openingbalanceofcashequivalents | ||
| Netincreaseincashandcashequivalents | -133,028,374.78 | -490,792,510.62 |
(2)NetCashPaidforAcquisitionofSubsidiaries
Unit:RMB
| Amount | |
| Ofwhich: | |
| Ofwhich: | |
| Add:Cashorcashequivalentspaidinthecurrentperiodforbusinesscombinationsincurredinpriorperiods | 1,644,822.69 |
| Ofwhich: | |
| ShenzhenPropertyManagementCo.,Ltd. | 1,644,822.69 |
| Netcashpaidforacquisitionofsubsidiaries | 1,644,822.69 |
Othernotes:
(3)NetCashReceivedfromDisposaloftheSubsidiaries
Unit:RMB
| Amount | |
| Ofwhich: | |
| Ofwhich: | |
| Ofwhich: |
Othernotes:
(4)CashandCashEquivalents
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| I.Cash | 1,376,665,482.70 | 1,509,693,857.48 |
| Ofwhich:Cashonhand | 42,693.32 | 43,833.00 |
| Bankdepositsondemand | 1,373,278,510.90 | 1,506,148,081.54 |
| Othermonetaryassetsondemand | 3,344,278.48 | 3,501,942.94 |
| III.Endingbalanceofcashandcashequivalents | 1,376,665,482.70 | 1,509,693,857.48 |
Othernotes:
80.NotestoItemsoftheStatementsofChangesinOwners'EquityNotestothenameof"Other"ofclosingbalanceofthesameperiodoflastyearadjustedandtheamountadjusted:
Notapplicable.
81.AssetswithRestrictedOwnershiporRightofUse
Unit:RMB
| Item | Endingcarryingamount | Reasonforrestriction |
| Monetarycapital | 15,539,145.06 | Note1-Note9 |
| LanduserightofFuminNewVillage,FutianDistrict | 542,507,314.43 | Note10 |
| Total | 558,046,459.49 |
Othernotes:
[Note1]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB2,200,000.00asthebanker'sletterofmarginforShenzhenShenfubaoPropertyDevelopmentCo.,Ltd.,asubsidiaryoftheCompany.
[Note2]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasanadvancepaymentguaranteeofRMB459,627.50issuedbythesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.inDecember2021fortheupgradingandreconstructionofthesmartparkofShenzhenBayEco-TechnologyParkandthesoftwareplatformdevelopmentcontract.[Note3]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,000,000.00inthesubsidiarycompanyShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.blockedbythecourtduetopre-litigationpreservationforcontractdisputes.[Note4]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasaloandepositofRMB1,132,452.99providedasmortgageloanguaranteesforcommercialhousingpurchasersandpaidbytheCompanyasarealestatedeveloperaccordingtorealestatebusinesspractices.[Note5]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB5,270,833.33ofinterestonunexpiredtermdepositsaccruedattheperiod-end.[Note6]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB90,000.00ofblockedfundinadisputeoverahousepurchaseandsalescontractforShenzhenPropertyGroupXuzhouDapengRealEstateDevelopmentCo.,Ltd.,asubsidiaryoftheCompany.[Note7]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB129,315.23intheaccountofthesubsidiarycompanyShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd.Theaccountwasinareceiving-onlystatusbecausethelegalpersonchangeformalitieshadnotbeencompletedbytheperiod-end.[Note8]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasandepositforPOSofRMB1,500.00intheShandongShenguomaoRealEstateManagementCo.,Ltd.[Note9]:Intermsofmonetaryassetswithrestrictedrighttouseattheperiod-end,therewasRMB3,255,416.01ofregulatedpre-saleproceedsfortherealestateprojectsofShenzhenGuangmingWuheRealEstateCo.,Ltd.,asubsidiaryoftheCompany.[Note10]:Duetotheneedsofdailybusinessactivities,theCompanyappliedforaloanfromBankofCommunicationsCo.,Ltd.ShenzhenBranchandmortgagedthelanduserightofFuminNewVillage,FutianDistrict.Theloanhasadurationfrom27November2020to27November2023andappliesfloatinginterestrates.
82.ForeignCurrencyMonetaryItems
(1)ForeignCurrencyMonetaryItems
Unit:RMB
| Item | Closingforeigncurrencybalance | Exchangerate | EndingbalanceconvertedtoRMB |
| Monetarycapital | 65,099,169.94 | ||
| Ofwhich:USD | 120,000.00 | 7.2208 | 866,496.00 |
| EUR | |||
| HKD | 62,829,561.91 | 0.9218 | 57,916,290.17 |
| VND | 20,574,539,964.00 | 0.000307 | 6,316,383.77 |
| Accountsprepaid | 9,221.19 | 8,500.09 | |
| Ofwhich:HKD | 9,221.19 | 0.9218 | 8,500.09 |
| Otherpayables | 3,506,725.97 | 3,232,500.00 | |
| Ofwhich:HKD | 3,506,725.97 | 0.9218 | 3,232,500.00 |
| Accountsreceivable | |||
| Ofwhich:USD | |||
| EUR | |||
| HKD |
Long-termborrowings
| Long-termborrowings |
| Ofwhich:USD |
| EUR |
| HKD |
Othernotes:
(2)NotestoOverseasEntitiesIncluding:forSignificantOverseaEntities,MainOperatingPlace,RecordingCurrencyandSelectionBasisShallBeDisclosed;ifthereAreChangesinRecordingCurrency,RelevantReasonsShallBeDisclosed.
?Applicable□Notapplicable
| Item | Mainoperatingplace | Standardcurrencyforaccounting | Basisforchoosing |
| ShumYipPropertiesDevelopmentCo.,Ltd.anditssubsidiary | HongKong | HKD | LocatedinHK,settledbyHKD |
| VietnamShenguomaoPropertyManagementCo.,Ltd. | Vietnam | VND | LocatedinVietnam,settledbyVND |
83.Arbitrage
Qualitativeandquantitativeinformationofrelevantarbitrageinstruments,hedgedriskinlinewiththetypeofarbitragetodisclose:
84.GovernmentGrants
(1)BasicInformationonGovernmentGrants
Unit:RMB
| Category | Amount | Listeditems | Amountrecordedinthecurrentprofitorloss |
| Financialassistanceforhigh-techenterprisetraining | 120,000.00 | Otherincome | 120,000.00 |
| Wasteclassificationsubsidy | 156,000.00 | Otherincome | 156,000.00 |
| Employmentsubsidy | 99,950.19 | Otherincome | 99,950.19 |
| Thesubsidyforstabilizingemployment | 34,254.40 | Otherincome | 34,254.40 |
| Othersubsidies | 89,888.59 | Otherincome | 89,888.59 |
| Bonusfor"BeautifulHome" | 450,000.00 | Otherincome | 450,000.00 |
| Total | 950,093.18 | 950,093.18 |
(2)ReturnofGovernmentGrants
□Applicable?NotapplicableOthernotes:
85.Other
VIII.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 |
Othernotes:
(2)CombinationCost
Unit:RMB
| Combinationcost |
| --Cash |
| --Carryingvalueofnon-cashassets |
| --Carryingvalueofdebtissuedorassumed |
| --Denominationvalueofequitysecuritiesissued |
| --Contingentconsideration |
Contingentliabilitiesandchangesthereof:
Othernotes:
(3)TheCarryingValueofAssetsandLiabilitiesoftheCombinedPartyontheCombinationDate
Unit:RMB
| Combinationdate | Endofthepreviousperiod | |
| Assets: | ||
| Monetarycapital | ||
| Accountsreceivable | ||
| Inventories | ||
| Fixedassets | ||
| Intangibleassets |
Liabilities:
| Liabilities: |
| Borrowings |
| Accountspayable |
Netassets
| Netassets |
| Less:non-controllinginterests |
| Netassetsacquired |
Contingentliabilitiesofthecombinedpartyundertakeninthebusinesscombination:
Othernotes:
3.CounterPurchase
Basicinformationoftrading,thebasisoftransactionsconstitutecounterpurchase,theretainassets,liabilitiesofthelistedcompanieswhetherconstitutedabusinessanditsbasis,thedeterminationofthecombinationcosts,theamountandcalculationofadjustedrightsandinterestsinaccordancewiththeequitytransactionprocess:
4.DisposalofSubsidiaryWhethertherewasasingledisposalofaninvestmentinasubsidiarythatresultedinalossofcontrol
□Yes?NoWhethertherewasastep-by-stepdisposalofinvestmentinasubsidiarythroughmultipletransactionsandlossofcontrolduringthecurrentperiod
□Yes?No
5.ChangesinCombinationScopeforOtherReasonsNotesofotherchangesinthecombinationscope(e.g.,newsubsidiaries,liquidationofsubsidiaries,etc.)andrelevantsituations:
ZhanjiangBranchofShenzhenProperties&ResourcesDevelopment(Group)Ltd.wasderegisteredinthecurrentperiod.
6.OtherIX.EquityinOtherEntities
1.EquityinSubsidiaries
(1)CompositionsoftheGroup
| Nameofsubsidiaries | Mainoperatingplace | Placeofregistration | Businessnature | Shareholdingpercentage(%) | Wayofgaining | |
| Directly | Indirectly | |||||
| ShenzhenHuangchengRealEstateCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd. | Shenzhen | Shenzhen | Softwareandinformationtechnologyservices | 35.00% | Businesscombinationnotunderthesamecontrol | |
| BeijingFacilityHomeTechnologyCo.,Ltd. | Beijing | Beijing | Softwareandinformationtechnologyservices | 17.85% | Businesscombinationnotunderthesamecontrol | |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Xuzhou | Xuzhou | Realestate | 100.00% | Set-up | |
| DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. | Dongguan | Dongguan | Realestate | 100.00% | Set-up | |
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | Yangzhou | Yangzhou | Realestate | 100.00% | Set-up | |
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenGuomaomeiLifeServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShandongShenguomaoRealEstateManagementCo.,Ltd. | Jinan | Jinan | Realestate | 100.00% | Set-up | |
| ChongqingShenguomaoRealEstateManagementCo.,Ltd. | 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 | |
| ShumYipPropertiesDevelopmentCo.,Ltd. | HongKong | HongKong | Realestate | 100.00% | Set-up | |
| WayhangDevelopmentCo.,Ltd. | HongKong | HongKong | Realestate | 100.00% | Set-up | |
| ChiefLinkPropertiesCo.,Ltd. | Hong | Hong | Realestate | 70.00% | Set-up | |
| Kong | Kong | |||||
| 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 | |
| ShenzhenJinghengtaiRealEstateDevelopmentCo.,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., | Shenzhen | Shenzhen | Realestate | 54.00% | Business |
| Ltd. | combinationunderthesamecontrol | |||||
| ShenzhenHelinhuaConstructionManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenZhongtongdaHouseXiushanServiceCo.,Ltd. | Shenzhen | Shenzhen | Constructionindustry | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenKangpingIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 90.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenSportsServiceCo.,Ltd. | Shenzhen | Shenzhen | Manufacturingindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenTeacher’sHomeTrainingCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenEducationIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Serviceindustry | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenYufaIndustrialCo.,Ltd. | Shenzhen | Shenzhen | Retailtrade | 80.95% | Businesscombinationunderthesamecontrol | |
| SZPRDFuyuantaiDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| XiamenShenguomaoIndustrialCitySmartServiceCo.,Ltd. | Xiamen | 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. | Dongguan | 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 | |
| ShenzhenShenfubaoPropertyDevelopment | Shenzhen | Shenzhen | Realestate | 100.00% | Business |
| Co.,Ltd. | combinationunderthesamecontrol | |||||
| ShenzhenFubaoUrbanResourcesManagementCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 60.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenFreeTradeZoneSecurityServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Businesscombinationunderthesamecontrol | |
| ShenzhenWuheUrbanRenewalCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| YangzhouWuheRealEstateCo.,Ltd. | Yangzhou | Yangzhou | Realestate | 67.00% | Set-up | |
| ShenzhenTongluWuheInvestmentDevelopmentCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 100.00% | Set-up | |
| ShenzhenInternationalTradeIndustrySpaceServiceCo.,Ltd. | Shenzhen | Shenzhen | Realestate | 55.00% | Set-up |
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% | -6,632,248.29 | -2,083,026.51 | |
| YangzhouWuheRealEstateCo.,Ltd. | 33.00% | -658,432.42 | 14,920,336.76 | |
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 49.00% | 670,563.20 | 7,168,978.90 | |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 10.00% | 274,411.75 | 3,911,252.10 |
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. | 5,745,977,117.37 | 155,181,308.75 | 5,901,158,426.12 | 237,999,312.86 | 5,567,005,771.06 | 5,805,005,083.92 | 5,566,299,658.85 | 148,957,829.54 | 5,715,257,488.39 | 237,683,829.61 | 5,360,025,967.25 | 5,597,709,796.86 |
| YangzhouWuheRealEstateCo.,Ltd. | 1,099,431,037.38 | 1,648,461.14 | 1,101,079,498.52 | 1,055,866,356.82 | 1,055,866,356.82 | 1,003,117,568.27 | 923,562.28 | 1,004,041,130.55 | 956,832,739.09 | 956,832,739.09 | ||
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 20,731,894.92 | 924,279.06 | 21,656,173.98 | 6,847,326.21 | 178,278.59 | 7,025,604.80 | 20,620,873.64 | 957,140.53 | 21,578,014.17 | 8,192,080.81 | 123,860.50 | 8,315,941.31 |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 38,909,502.76 | 667,055.47 | 39,576,558.23 | 29,390,561.94 | 213,213.97 | 29,603,775.91 | 37,872,874.87 | 687,238.86 | 38,560,113.73 | 31,146,187.72 | 185,261.19 | 31,331,448.91 |
Unit:RMB
| Nameofsubsidiaries | Amountforthecurrentperiod | Amountforthepreviousperiod | ||||||
| OperatingRevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | OperatingRevenue | Netprofit | Totalcomprehensiveincome | Cashflowsfromoperatingactivities | |
| ShenzhenRongyaoRealEstateDevelopmentCo.,Ltd. | -21,394,349.33 | -21,394,349.33 | -132,065,318.90 | -23,400,642.21 | -23,400,642.21 | -33,317,053.14 | ||
| YangzhouWuheRealEstateCo.,Ltd. | -1,995,249.76 | -1,995,249.76 | -48,773,537.38 | -473,135.33 | -473,135.33 | 97,048.38 | ||
| YangzhouShouxihuJingyuePropertyDevelopmentCo.,Ltd. | 20,845,157.30 | 1,368,496.32 | 1,368,496.32 | -186,738.66 | 18,564,214.66 | 497,456.52 | 497,456.52 | -2,196,922.04 |
| ShenzhenGuomaoShenlvGardenCo.,Ltd. | 10,211,925.25 | 2,744,117.50 | 2,744,117.50 | 2,459,431.35 | 7,774,594.39 | -54,237.49 | -54,237.49 | -676,213.24 |
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 | 10,055,352.57 | 59,891,252.36 | 6,110,801.95 | 58,848,700.91 |
| Ofwhich:Cashandcashequivalents | 9,263,658.15 | 38,883,807.33 | 4,923,260.32 | 37,841,255.88 |
| Non-currentassets | 85,788,615.62 | 42,049.96 | 86,342,531.70 | 46,757.57 |
| Totalassets | 95,843,968.19 | 59,933,302.32 | 92,453,333.65 | 58,895,458.48 |
| Currentliabilities | 2,937,049.65 | 29,200,886.66 | 2,992,163.07 | 28,404,537.12 |
| Non-currentliabilities | 16,490,720.38 | 16,415,016.74 | ||
| Totalliabilities | 2,937,049.65 | 45,691,607.04 | 2,992,163.07 | 44,819,553.86 |
| Equityofnon-controllinginterests | ||||
| EquityattributabletoshareholdersoftheCompanyastheparent | 92,906,918.54 | 14,241,695.28 | 89,461,170.58 | 14,075,904.62 |
| Netassetssharescalculatedattheshareholdingproportion | 46,453,459.27 | 7,120,847.64 | 44,730,585.29 | 7,037,952.31 |
| Adjusteditems | ||||
| -Goodwill | ||||
| --Unrealizedprofitofintra-companytransaction | ||||
| --Other | ||||
| Carryingvalueofequityinvestmenttojointventures | 46,453,459.27 | 7,120,847.64 | 44,730,585.29 | 7,037,952.31 |
| Fairvaluesofequityinvestmentsofjointventureswithquotedprices | ||||
| OperatingRevenue | 6,690,430.68 | 8,731,790.54 | 4,516,455.33 | 8,483,323.41 |
| Financialexpenses | -7,666.55 | 43,267.67 | -5,293.01 | 41,255.86 |
| Incometaxexpense | 1,154,005.86 | 55,263.55 | 523,182.56 | 54,163.40 |
| Netprofit | 3,445,747.96 | 165,790.66 | 1,569,547.71 | 149,521.04 |
| Netprofitfromdiscontinuedoperations | ||||
| Othercomprehensiveincome | ||||
| Totalcomprehensiveincome | 3,445,747.96 | 165,790.66 | 1,569,547.71 | 149,521.04 |
Dividendsreceivedfromthejointventureinthecurrentperiod
Othernotes:
(3)MainFinancialInformationofSignificantAssociatedEnterprises
Unit:RMB
DividendsreceivedfromthejointventureinthecurrentperiodClosingbalance/amountofthecurrent
period
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |
| CSCEC | CSCEC | |
| Currentassets | 267,993,271.29 | 235,089,462.02 |
| Non-currentassets | 6,672,968.51 | 3,014,735.77 |
| Totalassets | 274,666,239.80 | 238,104,197.79 |
| Currentliabilities | 112,739,886.93 | 77,303,723.18 |
| Non-currentliabilities | 34,777.90 | 24,777.90 |
| Totalliabilities | 112,774,664.83 | 77,333,501.08 |
Equityofnon-controllinginterests
| Equityofnon-controllinginterests | ||
| Equityattributabletoshareholdersofthe | 161,891,574.97 | 160,770,696.71 |
| Companyastheparent | ||
| Netassetssharescalculatedattheshareholdingproportion | 16,189,157.50 | 16,077,069.67 |
| Adjusteditems | ||
| -Goodwill | ||
| --Unrealizedprofitofintra-companytransaction | ||
| --Other | ||
| Carryingvalueofinvestmenttoassociatedenterprises | 16,189,157.50 | 16,077,069.67 |
| Fairvalueofequityinvestmentsinassociatedenterpriseswithpubliclyquotedprices | ||
| OperatingRevenue | 48,983,120.89 | |
| Netprofit | 516,190.10 | |
| Netprofitfromdiscontinuedoperations | ||
| Othercomprehensiveincome | ||
| Totalcomprehensiveincome | 516,190.10 |
Dividendsreceivedfromtheassociatesinthecurrentperiod
| Dividendsreceivedfromtheassociatesinthecurrentperiod | 63,120.00 |
Othernotes:
(4)SummaryFinancialInformationofInsignificantJointVenturesorAssociatedEnterprises
Unit:RMB
| Closingbalance/amountofthecurrentperiod | Openingbalance/amountofthepreviousperiod | |
| Jointventure: | ||
| Sumcalculatedbyshareholdingratioofeachitem | ||
| Associatedenterprises: | ||
| Sumcalculatedbyshareholdingratioofeachitem |
Othernotes:
(5)NotetotheSignificantRestrictionsontheAbilityofJointVenturesorAssociatedEnterprisestoTransferFundstotheCompany
(6)TheExcessLossofJointVenturesorAssociatedEnterprises
Unit:RMB
| Name | Thecumulativerecognizedlossesinpreviousaccumulativelyderecognized | Thederecognizedlosses(ortheshareofnetprofit)incurrentperiod | Theaccumulativeunrecognizedlossesincurrentperiod |
Othernotes:
(7)TheUnrecognizedCommitmentRelatedtoInvestmenttoJointVentures
(8)ContingentLiabilitiesRelatedtoInvestmenttoJointVenturesorAssociatedEnterprises
4.SignificantCommonOperation
| Name | Mainoperating | Placeof | Businessnature | Proportion/Shareportion |
| place | registration | Directly | Indirectly |
Notestoholdingproportionorshareportionincommonoperationdifferentfromvotingproportion:
Forcommonoperationasasingleentity,basisofclassifyingascommonoperationOthernotes:
5.EquityintheStructuredEntityExcludedintheScopeofConsolidatedFinancialStatements
Notestothestructuredentityexcludedinthescopeofconsolidatedfinancialstatements:
6.OthersX.RisksAssociatedwithFinancialInstruments
TheCompanyisengagedinriskmanagementtoachievebalancebetweenrisksandreturns,minimizingthenegativeeffectsofrisksonitsoperationperformanceandmaximizingtheinterestsofitsshareholdersandotherequityinvestors.Basedonthatriskmanagementgoal,thefundamentalstrategyofitsriskmanagementistoidentifyandanalyzevariousrisksfacingtheCompany,establishanappropriateriskbottomline,carryoutriskmanagementandmonitorvariousrisksinatimelyandreliablemannertocontrolthemwithinarestrictedscope.TheCompanyfacesvariousrisksrelatedtofinancialinstrumentsinitsroutineactivities,mainlyincludingcreditrisk,liquidityriskmarketrisk.Themanagementhasreviewedandapprovedthepoliciesofmanagingthoserisks,whicharesummarizedasfollows.i.Classificationoffinancialinstruments
1.Thecarryingvalueoffinancialassetsonthebalancesheetdate
(1)30June2023
| Financialassetproject | Financialassetsmeasuredattheamortizedcost | Financialassetsatfairvaluethroughprofitorlossforthecurrentperiod | Financialassetsmeasuredatfairvaluethroughothercomprehensiveincome | Total |
| Monetaryassets | 1,392,204,627.76 | 1,392,204,627.76 | ||
| Notesreceivable | ||||
| Accountsreceivable | 416,925,839.15 | 416,925,839.15 | ||
| Otherreceivables | 624,876,343.49 | 624,876,343.49 | ||
| Long-termreceivables | 21,920,095.92 | 21,920,095.92 | ||
| Otherequityinvestments | 635,355.65 | 635,355.65 |
(2)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 |
| Item | Financialassetsmeasuredatamortizedcost | Financialassetsatfairvaluethroughprofitorloss | Financialassetsatfairvalueandchangesincludedinothercomprehensiveincome | Total |
| Otherreceivables | 639,903,523.33 | 639,903,523.33 | ||
| Long-termreceivables | 22,651,454.07 | 22,651,454.07 | ||
| Otherequityinstrumentinvestments | 887,838.64 | 887,838.64 |
2.Thecarryingvalueoffinancialliabilitiesonthebalancesheetdate
(1)30June2023
| Item | Financialliabilitiesatfairvaluethroughprofitorloss | Otherfinancialliabilities | Total |
| Accountspayable | 497,515,760.20 | 497,515,760.20 | |
| Otherpayables | 1,704,126,936.52 | 1,704,126,936.52 | |
| Currentportionofnon-currentliabilities | 201,663,040.96 | 201,663,040.96 | |
| Long-termborrowings | 4,172,450,268.17 | 4,172,450,268.17 |
(2)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 |
ii.CreditriskCreditriskmeanstheriskoffinanciallossesincurredtotheotherpartywhenonepartyofafinancialinstrumentisunabletofulfillitsobligations.
1.CreditRiskManagementPractice
(1)CreditRiskEvaluationMethodOneachbalancesheetdate,theCompanyshallevaluatewhetherthecreditriskofrelevantfinancialinstrumentshasincreasedsignificantlysincetheinitialrecognition.Afterdeterminingwhetherthecreditriskhasincreasedsignificantlysincetheinitialrecognition,theCompanyshallconsiderobtainingreasonableandreliableinformationwithoutpayingunnecessaryextracostsorefforts,includingqualitativeandquantitativeanalysisbasedonhistoricaldata,externalcreditriskratingandforward-lookinginformation.Onthebasisofthesinglefinancialinstrumentorcombinationoffinancialinstrumentswithsimilarcreditriskcharacteristics,theCompanycomparestheriskofdefaultoffinancialinstrumentsonthebalancesheetdatewiththeriskofdefaultontheinitialrecognitiondatetodeterminethechangeofdefaultriskoffinancialinstrumentsduringtheirexpectedduration.Whenoneormoreofthefollowingquantitativeandqualitativecriteriaprevails,theCompanyshallbelievethecreditriskoffinancialinstrumentshasincreasedsignificantly:
1)Forthequantitativestandard,itcanbemainlyanalyzedfromtheprobabilityofdefaultfortheremainingdurationonthebalancesheetdaterisesbymorethanacertainproportioncomparedwiththeinitialconfirmation.
2)Forthequalitativestandard,itcanbemainlyanalyzedfromthemajoradversechangesinthedebtor’soperationorfinancialsituation,changesinexistingorexpectedtechnology,market,economyorlegalenvironmentwhichshallhavemajoradverseimpactsonthedebtor’srepaymentabilityoftheCompany,etc.
3)Theupperlimitisthatthedebtor’scontractpayment(includingprincipalandinterest)isoverdueformorethan90days.
(2)DefinitionofDefaultandCreditImpairment-AssetsWhenafinancialinstrumentmeetsoneormoreofthefollowingconditions,theCompanyshalldefinethefinancialassetashavingdefaulted,anditscriteriaareconsistentwiththedefinitionofhavingincurredcreditimpairment:
1)QuantitativeStandardThedebtorfailstomakethepaymentafterthecontractpaymentdateformorethan90days;
2)QualitativeCriteriaa.Thedebtorhasmajorfinancialdifficulties;b.Thedebtorviolatesthebindingprovisionsonthedebtorinthecontract;c.Thedebtorislikelytogobankruptorcarryoutotherfinancialrestructurings;d.Thecreditorshallgivethedebtorconcessionsthatwillnotbemadeinanyothercircumstancesduetotheeconomicorcontractualconsiderationsrelatedtothedebtor’sfinancialdifficulties.
2.MeasurementofExpectedCreditLossThekeyparametersformeasuringexpectedcreditlossincludeddefaultprobability,lossgivendefaultandexposureatdefault.TheCompanyconsidersthequantitativeanalysisandforward-lookinginformationofhistoricalstatisticaldata(suchascounterpartyrating,guaranteemethod,collateraltype,repaymentmethod,etc.)toestablishexposuremodelsofdefaultprobability,lossgivendefault,anddefaultrisk.
3.RefertoNoteVII-i,VII-v,VII-viiifordetailsofthereconciliationstatementsofbeginningbalanceandendingbalanceoffinancialinstrumentlossprovision.
4.CreditRiskExposureandCreditRiskConcentrationTheCompany'screditriskmainlycomesfrommonetaryassetsandaccountsreceivable.Tocontroltheaforementionedrelevantrisks,theCompanyhasadoptedthefollowingmeasures.
(1)MonetaryassetsTheCompanyplacesitsmonetaryassetswithfinancialinstitutionsofhighcreditratings.Thus,itscreditriskislow.
(2)AccountsreceivableTheCompanyconductscreditassessmentsonthecustomerstradinginthemodeofcreditonaregularbasis.Basedonthecreditassessmentresult,theCompanychoosestotradewithrecognizedcustomerswithgoodcreditandmonitorthebalanceoftheaccountsreceivablefromthemtoensurethattheCompanywillnotfaceanysignificantbaddebtrisk.DuetotheCompanymerelytradeswiththeauthorizedthirdpartywithgoodcredit,theguaranteeisnotrequired.Creditriskconcentrationismanagedinaccordancewiththecustomers.Asat30June2023,therewerecertaincreditconcentrationrisksintheCompany,and43.64%oftheaccountsreceivableoftheCompany(54.09%on31December2022)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 | Morethanthreeyears | |
| Bankingborrowings | 4,172,450,268.17 | 4,537,732,044.74 | 200,674,442.04 | 3,641,854,238.12 | 695,203,364.58 |
| Accountspayable | 497,515,760.20 | 497,515,760.20 | 497,515,760.20 | ||
| Otherpayables | 1,704,126,936.52 | 1,704,126,936.52 | 1,691,924,260.48 | 12,202,676.04 | |
| Othernon-currentliabilitiesduewithin1year | 201,663,040.96 | 201,663,040.96 | 201,663,040.96 | ||
| Total | 6,575,756,005.85 | 6,941,037,782.42 | 2,591,777,503.68 | 3,641,854,238.12 | 707,406,040.62 |
(Continued)
| Item | Openingbalance | ||||
| Carryingvalue | Undiscountedcontractamount | Within1year | 1-3years | Morethanthreeyears | |
| 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 |
iv.MarketriskMarketriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketprices.Marketriskmainlyincludesinterestrateriskandforeignexchangerisk.
1.InterestrateriskInterestrateriskreferstotheriskoffluctuationsinthefairvalueorfuturecashflowsoffinancialinstrumentsarisingfromchangesinmarketinterestrates.Interest-bearingfinancialinstrumentswithfixedinterestratesmaybringthefairvalueinterestraterisktotheCompany,whilethosewithfloatinginterestratemaybringthecashflowinterestraterisktotheCompany.TheCompanywilldeterminetheproportionbetweenthefinancialinstrumentswithfixedinterestrateandthosewithfloatinginterestrateincombinationwithmarketenvironment,andmaintainanappropriateportfoliooffinancialinstrumentsthroughregularreviewandmonitoring.TheinterestrateriskofcashflowsfacingtheCompanyismainlyrelatedtothebankloanscalculatedbyfloatinginterestrateoftheCompany.Asat30June2023,undertheassumptionofotherfixedvariableswith50basispointschangedininterestrate,thebankloanofRMB4,368,583,592.17(RMB3,809,915,668.00on31December2022)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 | 635,355.65 | 635,355.65 | ||
| Thetotalamountofassetsconsistentlymeasuredatfairvalue | 635,355.65 | 635,355.65 | ||
| II.InconsistentFairValueMeasurement | -- | -- | -- | -- |
2.BasisforDeterminingtheMarketPriceofContinuousandNon-continuousLevel1FairValueMeasurementItemsTheotherequityinstrumentheldbytheCompanywassharesoflistedcompanieswhosefairvaluewasdeterminedbasedontheclosingpriceonthestockexchangeasof30June2023.
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) | RMB31,859million | 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 |
| ShenzhenBranchofGUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | Parentcompany’ssub-subsidiary |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenWaterPlanningandDesignInstituteCo.,Ltd. | SubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
ShenzhenFubaoIndustrialParkOperationCo.,Ltd.
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSMEVentureCapitalCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenyueUnitedInvestmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentof |
| theCompany | |
| 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 |
ResearchInstituteofTsinghuaUniversityinShenzhen
| ResearchInstituteofTsinghuaUniversityinShenzhen | Parentcompany’ssubsidiary |
| ShenzhenTalentRecruitmentInternationalCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenPeople'sCongressCadreTrainingCenter | Wholly-ownedsubsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenRuleofLawTrainingCenter | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSouthCertificationCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenPropertiesGroup(SPG)LonggangDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenEternalAsiaDeepSupplyChainManagementCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenPetrelHotelCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenCulturalBusinessDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenConstructionDevelopment(Group)Company | SubsidiaryoftheCompanyastheparentoftheCompany |
| ChinaKunpengIndustrySourceInnovationCenter(Shenzhen)Co.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenSpecialZoneLiteratureMagazineCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenInvestmentHoldingsDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenTransportationStationDevelopmentCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShenzhenHigh-techInvestandVentureCapitalCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenXingyeLogisticsCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShenzhenInvestmentBuildingHotelCo.,Ltd. | Wholly-ownedsub-subsidiaryoftheCompanyastheparentoftheCompany |
| ShantouHuafengRealEstateDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShantouHualinRealEstateDevelopmentCo.,Ltd. | Parentcompany'ssub-subsidiary |
| ShantouBranchofShenzhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | Parentcompany'ssub-subsidiary |
| GuangdongJianbangGroup(Huiyang)IndustrialCo.,Ltd. | Parentcompany'ssub-subsidiary |
Othernotes:
5.ListofRelated-partyTransactions
(1)InformationonAcquisitionofGoodsandReceptionofLaborServiceInformationonacquisitionofgoodsandreceptionoflaborservice
Unit:RMB
| Relatedparties | Contentoftherelated-partytransaction | Amountforthecurrentperiod | Theapprovaltradecredit | Whetherexceedtradecreditornot | Amountforthepreviousperiod |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Managementservicefee | 37,673,707.61 | 81,600,000.00 | No | 43,219,580.55 |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | Projectarchitecturaldesignservice | 2,809,568.52 | |||
| ShenzhenBranchofGUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | Insurance | 1,647,215.68 | 2,582,000.00 | No | 909,945.52 |
| ShenzhenShendanCreditEnhancementFinancingGuaranteeCo.,Ltd. | Guaranteefee | 1,061,950.00 | |||
| ShenzhenGuaranteeGroupCo.,Ltd. | Guaranteefee | 13,656.60 | |||
| ShenzhenShenfubao(Group)Co.,Ltd. | Cateringservice | 71,780.00 | 26,911.00 | ||
| ShenzhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | Managementservicefee | 1,262,625.00 | |||
| ShenzhenForeignServiceGroupCo.,Ltd. | Outsourcingservicecharges | -521,707.00 | 2,650,014.74 | ||
| ShenzhenMeibainianGarmentCo.,Ltd. | Apparelprocurement | 2,241.00 | |||
| ShenzhenWaterPlanningandDesignInstituteCo.,Ltd. | Consultantserviceexpense | 53,320.00 | |||
| ShenzhenSDGServiceCo.,Ltd. | Propertyservicefee | 107,804.26 | 29,165.85 | ||
| ShenzhenTalentRecruitmentInternationalCo.,Ltd. | Recruitmentservicefee | 51,686.00 | |||
| ShenzhenPeople'sCongressCadre | Trainingservicefee | 1,780.00 | 378,811.00 |
| TrainingCenter | ||||
| ShenzhenRuleofLawTrainingCenter | Trainingservicefee | 2,070.00 | ||
| ShenzhenSouthCertificationCo.,Ltd. | Consultantserviceexpense | 24,528.30 | ||
| ShenzhenPropertiesGroup(SPG)LonggangDevelopmentCo.,Ltd. | Managementservicefee | 1,088,750.00 | 1,033,370.00 | |
| ShenzhenEternalAsiaDeepSupplyChainManagementCo.,Ltd. | Beverageprocurement | 41,916.00 | 29,940.00 | |
| ShenzhenInfinovaRenyongInformationCo.,Ltd. | Intelligentengineeringexpense | 358,900.00 |
Informationofsalesofgoodsandprovisionoflaborservice
Unit:RMB
| Relatedparties | Contentoftherelated-partytransaction | Amountforthecurrentperiod | Amountforthepreviousperiod |
| ShenzhenBranchofGUORENPROPERTYANDCASUALTYINSURANCECO.,LTD. | Propertyservicefee | 170,719.10 | |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Projectpaymentforwaterandelectricity | 23,027,002.91 | 6,583,247.61 |
| HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 7,099,846.48 | 4,607,506.85 |
| ShenyueUnitedInvestmentCo.,Ltd. | Propertyservicefee | 406,380.98 | 241,740.58 |
| ShenzhenGuaranteeGroupCo.,Ltd. | Propertyservicefee | 2,084,729.13 | |
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Propertyservicefee | 1,404,545.54 | 875,587.86 |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | Propertyservicefee | 2,753,262.17 | 1,884,845.11 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | Propertyservicefee | 16,981.15 | 1,326,301.15 |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | Propertyservicefee | 2,986,212.81 | 1,530,379.26 |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | Propertyservicefee | 531,066.72 | 516,023.58 |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Projectpaymentforwaterandelectricity | 232,110.15 | 1,359,633.03 |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Propertyservicefee | 37,938.18 | 36,227.22 |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Projectpaymentforwaterandelectricity | 4,954.72 | 87,654.97 |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | Propertyservicefee | 36,566.00 | 41,148.39 |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | Projectpaymentforwaterandelectricity | 90,016.79 | 41,030.00 |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | Propertyservicefee | 3,031,960.52 | 2,642,172.56 |
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | Projectpaymentforwaterandelectricity | 46,550.75 | |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 800,000.00 | 3,529,946.35 |
| ShenzhenShenfubao(Group)Co.,Ltd. | Projectpaymentforwaterandelectricity | 2,538,287.16 | 1,064,220.19 |
| ShenzhenShenfubao(Group)Co.,Ltd. | Propertyservicefee | 1,626,536.11 | 2,957,378.73 |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Projectpaymentforwaterandelectricity | 53,761.47 | |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | Propertyservicefee | 78,872.95 | 38,550.76 |
| ShenzhenShantouSpecialCooperationZoneBranchofShenzhenWaterPlanningandDesignInstituteCo.,Ltd. | Propertyservicefee | 11,025.00 | 11,025.00 |
| ShenzhenSportsCenterOperationManagementCo.,Ltd. | Propertyservicefee | 2,224,191.34 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Projectpaymentforwaterandelectricity | 352,220.28 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | Propertyservicefee | 3,160,290.91 | 7,169,148.87 |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | Propertyservicefee | 5,408,353.56 | 14,100,000.00 |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Propertyservicefee | 184,818.24 | |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Propertyservicefee | 117,789.97 | |
| ShenzhenSMEVentureCapitalCo.,Ltd. | Propertyservicefee | 654,516.23 | |
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | Propertyservicefee | 284,223.66 | 163,100.40 |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | Propertyservicefee | 33,767,155.69 | 19,066,931.69 |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | Propertyservicefee | 1,113,311.43 | 1,323,523.65 |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Projectpayment | 699,857.70 | |
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | Projectpaymentforwaterandelectricity | 3,355,528.67 | 1,211,630.16 |
| ShenzhenInfinovaLimited | Propertyservicefee | 207,342.68 | 117,241.67 |
| ShenzhenInfinovaSmartParkTechnologyCo.,Ltd. | Softwareserviceexpense | 143,838.00 |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Propertyservicefee | 1,337,989.45 | |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | Supervisionservicefee | 332,075.47 | |
| ShenzhenTsinghuaUniversityResearchInstitute | Propertyservicefee | 497,261.99 | 508,363.77 |
| ShenzhenXingyeLogisticsCo.,Ltd. | Propertyservicefee | 5,504.59 | |
| ShenzhenInvestmentBuildingHotelCo.,Ltd. | Supervisionservicefee | 35,377.36 | |
| ChinaKunpengIndustrySourceInnovationCenter(Shenzhen)Co.,Ltd. | Propertyservicefee | 687,677.12 | 209,433.96 |
| ShenzhenSpecialZoneLiteratureMagazineCo.,Ltd. | Propertyservicefee | 25,692.48 | 24,826.42 |
| ShenzhenInvestmentHoldingsDevelopmentCo.,Ltd. | Propertyservicefee | 56,628.61 | 46,157.46 |
| ShenzhenCulturalBusinessDevelopmentCo.,Ltd. | Propertyservicefee | 187,580.44 | 215,394.13 |
| ShenzhenTalentRecruitmentInternationalCo.,Ltd. | Propertyservicefee | 186,707.86 | 167,823.58 |
| ShenzhenConstructionDevelopment(Group)Company | Propertyservicefee | 85,617.92 | 85,786.57 |
| ShenzhenSouthCertificationCo.,Ltd. | Propertyservicefee | 30,931.60 | 30,875.00 |
| ShenzhenHigh-techInvestandVentureCapitalCo.,Ltd. | Propertyservicefee | 279,021.13 | |
| ShantouHuafengRealEstateDevelopmentCo.,Ltd. | Propertyservicefee | 1,167,500.69 | 1,200,494.18 |
| ShantouHualinRealEstateDevelopmentCo.,Ltd. | Propertyservicefee | 1,761.75 | |
| ShantouBranchofShenzhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd. | Propertyservicefee | 219.45 | |
| ShenzhenPetrelHotelCo.,Ltd. | Propertyservicefee | 150,943.40 | 169,811.35 |
| GuangdongJianbangGroup(Huiyang)IndustrialCo.,Ltd. | Propertyservicefee | 102,532.66 |
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 | 30,678,719.66 |
| ShenzhenShenfubao(Group)Co.,Ltd. | ShenzhenShenfubaoHydropowerMunicipalServiceCo.,Ltd. | Property | 1January2023 | 31December2023 | Marketpricing | 1,191,399.36 |
Notes:
Listsofentrust/contractee
Unit:RMB
| Nameoftheentruster/contractee | Nameoftheentrustee/contractor | Type | Startdate | Duedate | Pricingbasis | Chargerecognizedinthiscurrentperiod |
Notes:
(3)InformationonRelated-partyLeaseTheCompanywaslessor:
Unit:RMB
| Nameoflessee | Categoryofleasedassets | Theleaseincomeconfirmedinthecurrentperiod | Theleaseincomeconfirmedinthepreviousperiod |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Investmentproperties | 906,136.48 | 957,280.87 |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | Investmentproperties | 656,167.79 | 693,203.39 |
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 | 341,790.05 | 132,734.00 | 32,655.78 | 57,353.26 | ||||||
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | Investmentproperties | 54,243.00 | 4,765.04 | ||||||||
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | Investmentproperties | 7,381.56 | |||||||||
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontext | Investmentproperties | 104,000.00 | 435,714.27 | 330,000.00 | 44,091.30 | ||||||
| otherwiserequires | |||
| ShenzhenPetrelHotelCo.,Ltd. | Investmentproperty | 24,048.77 | 14,898.50 |
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 | Yes |
Notes:
(5)InformationonInter-bankLendingofCapitalofRelatedParties
Unit:RMB
| Relatedparties | Amount | Startdate | Maturitydate | Note |
| Borrowing | ||||
| Lending | ||||
(6)InformationonAssetsTransferandDebtRestructuringbyRelatedParty
Unit:RMB
| Relatedparties | Contentoftherelated-partytransaction | Amountforthecurrentperiod | Amountforthepreviousperiod |
(7)InformationonRemunerationforKeyManagementPersonnel
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Remunerationforkeymanagementpersonnel | 5,467,228.36 | 5,059,171.07 |
(8)OtherRelated-partyTransactions
6.AccountsReceivableandPayableofRelatedParty
(1)AccountsReceivable
Unit:RMB
| Projectname | Relatedparties | Endingbalance | Beginningbalance | ||
| Carryingamount | Baddebtprovision | Carryingamount | Baddebtprovision | ||
| Accountsreceivable | HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 29,580,856.88 | 887,425.71 | 15,856,697.13 | 475,700.91 |
| ShenyueUnitedInvestmentCo.,Ltd. | 1,880,281.69 | 89,321.49 | 1,545,493.83 | 46,364.81 | |
| ShenzhenGuaranteeGroupCo.,Ltd. | 69,764.97 | 2,092.95 | |||
| ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 2,955,686.43 | 255,635.55 | 3,292,961.84 | 177,657.15 | |
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | 311,415.85 | 23,213.48 | 1,379,512.79 | 55,256.38 | |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | 10,072,563.13 | 1,252,620.81 | 10,072,563.13 | 674,112.86 | |
| ShenzhenTotalLogisticsServiceCo.,Ltd. | 842,576.52 | 25,277.30 | 779,745.46 | 23,392.36 | |
| ShenzhenShenzhenHongKongScienceandTechnologyInnovationCooperationZoneDevelopmentCo.,Ltd. | 114,435.00 | 3,433.05 | |||
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 1,063,169.24 | 82,335.08 | 1,811,138.85 | 104,774.17 | |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | 306,960.04 | 9,208.80 | 307,714.39 | 9,231.43 | |
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | 2,325,047.53 | 69,751.43 | 1,331,881.42 | 39,956.44 | |
| ShenzhenShenfubao(Group)TianjinIndustrialDevelopmentCo.,Ltd. | 917,263.67 | 66,998.66 | 917,263.67 | 66,998.66 | |
| ShenzhenShenfubao(Group)TianjinInvestmentDevelopmentCo.,Ltd. | 3,254,324.58 | 112,615.34 | 2,454,324.58 | 88,615.34 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | 4,153,519.42 | 159,605.58 | 3,699,118.44 | 145,973.55 | |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 13,983.54 | 419.51 | 55.70 | 1.67 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 3,607,013.37 | 108,210.40 | 1,500,297.75 | 45,008.93 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 3,991,522.56 | 139,974.08 | 6,623,892.25 | 218,945.16 | |
| ShenzhenBayAreaInternationalHotelCo.,Ltd. | 51,312,666.65 | 1,539,380.00 | |||
| ShenzhenBay(Baoding)InnovationDevelopmentCo.,Ltd. | 156,427.62 | 4,692.83 | 116,061.39 | 3,481.84 | |
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 107,824,285.09 | 6,746,937.22 | 131,203,332.93 | 3,936,099.99 | |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 220,039.50 | 6,601.19 | |||
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | 1,743,182.23 | 52,295.47 | 811,111.70 | 24,333.35 | |
| ShenzhenInfinovaSmartParkTechnologyCo.,Ltd. | 140,000.00 | 9,600.00 | 320,000.00 | 9,600.00 | |
| ShenzhenTsinghuaUniversityResearchInstitute | 84,632.14 | 3,393.22 | 113,107.19 | 3,393.22 | |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | 607,166.50 | 18,215.00 | |||
| ChinaKunpengIndustrySourceInnovationCenter(Shenzhen)Co.,Ltd. | 366,352.02 | 10,990.56 | 226,669.33 | 6,800.08 | |
| ShenzhenSpecialZoneLiteratureMagazineCo.,Ltd. | 27,234.00 | 817.02 | |||
| ShenzhenInvestmentHoldingsDevelopmentCo.,Ltd. | 9,675.93 | 217.56 | 7,251.89 | 217.56 | |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 846,991.69 | 25,409.75 | |||
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 452,061.02 | 13,561.83 | |||
| ShenzhenInfinovaLimited | 11,792.64 | 353.78 | |||
| ShenzhenTalentRecruitmentInternationalCo.,Ltd. | 41,516.85 | 1,245.51 | |||
| ShenzhenSouthCertificationCo.,Ltd. | 7,986.28 | 239.59 | |||
| ShenzhenTransportationStationDevelopmentCo.,Ltd. | 4,608.64 | 138.26 | |||
| ShenzhenHigh-techInvestandVentureCapitalCo.,Ltd. | 50.00 | 5.00 | 50.00 | 1.50 | |
| Total | 177,820,186.60 | 10,177,326.98 | 235,867,112.28 | 7,700,823.36 | |
| Contractassets | HebeiShenbaoInvestmentDevelopmentCo.,Ltd. | 298,930.06 | 373,225.04 | ||
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 337,422.67 | 337,422.67 |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | 26,457.15 | 26,457.15 | |||
| ShenzhenEnvironmentalProtectionTechnologyGroupCo.,Ltd. | 28,385.93 | ||||
| ShenzhenShenfubao(Group)Co.,Ltd. | 43,500.00 | 43,500.00 | |||
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 14,649.15 | 14,649.15 | |||
| ShenzhenInvestmentHoldingsCo.,Ltd. | 139,004.56 | 139,004.56 | |||
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 50,169.55 | 50,169.55 | |||
| ShenzhenXiangmihuInternationalExchangeCenterDevelopmentCo.,Ltd. | 46,418.86 | 46,418.86 | |||
| Total | 956,552.00 | 1,059,232.91 | |||
| Otherreceivables | ShenzhenHi-techZoneDevelopmentConstructionCo.,Ltd. | 199,678.53 | 10,458.60 | 121,714.92 | 5,080.85 |
| ShenZhenSpecialEconomicZoneRealEstate&Properties(Group)Co.,Ltd.anditsconsolidatedsubsidiaries,exceptwherethecontextotherwiserequires | 100,000.00 | 10,000.00 | 100,000.00 | 10,000.00 | |
| ShenzhenLargeIndustrialZone(ShenzhenExportProcessingZone)DevelopmentManagementGroupCo.,Ltd. | 102,583.54 | 3,077.51 | 2,583.54 | 77.51 | |
| ShenzhenQianhaiAdvancedInformationServiceCo.,Ltd.1 | 10,720,575.27 | 321,617.26 | 10,720,575.27 | 321,617.26 | |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 350,000.00 | 10,500.00 | |||
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 81,233.00 | 81,233.00 | 81,233.00 | 81,233.00 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 685,740.90 | 157,127.32 | 685,740.90 | 112,893.70 | |
| ShenzhenXinhaiHoldingCo.,Ltd. | 201,499,990.18 | 6,044,999.71 | 201,499,990.18 | 6,044,999.71 | |
| ShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd. | 375,068,984.55 | 11,252,069.54 | 375,068,984.55 | 11,252,069.54 | |
| ShenzhenTianjunIndustrialCo.,Ltd. | 10,000,000.00 | 10,000,000.00 | |||
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 16,342,327.84 | 490,269.84 | 4,159,687.50 | 124,790.63 | |
| 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 | |||
| ShenzhenConvention&ExhibitionCenterManagementCo.,Ltd. | 1,000.00 | 30.00 | |||
| Total | 616,899,378.06 | 20,128,647.03 | 604,191,508.94 | 19,700,399.93 |
Note1:TheotherreceivablesoftheCompanytoShenzhenQianhaiAdvancedInformationServiceCo.,Ltd.(hereinafterreferredtoas“QianhaiAdvanced”)areadvancemoneypaidinadvanceduetothedemolitionofLanhushidaiProject.AccordingtothejointandseveralguaranteecommitmentlettersignedbyShenzhenXinhaiRongyaoRealEstateDevelopmentCo.,Ltd.,XinhaiRongyaoisjointlyandseverallyliableforthetaxandinterestadvancedbytheCompany.Outofprudence,theCompany'stransactionstoQianhaiAdvancedaredisclosed.
(2)AccountsPayable
Unit:RMB
| Projectname | Relatedparties | Endingcarryingamount | Beginningcarryingamount |
| Accountspayable | ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 891,120.88 | 787,002.77 |
| ShenzhenInfinovaRenyongInformationCo.,Ltd. | 25,203.84 | 25,203.84 | |
| ShenzhenGeneralInstituteofArchitecturalDesignandResearchCo.,Ltd. | 527,200.00 | 1,199,653.20 | |
| ShenzhenSDGServiceCo.,Ltd. | 282,144.00 | 282,144.00 | |
| Total | 1,725,668.72 | 2,294,003.81 | |
| Otherpayables | ShenzhenGuaranteeGroupCo.,Ltd. | 1,494,841.29 | 1,494,841.29 |
| ShenzhenFreeTradeZoneLifeServiceCo.,Ltd. | 4,850.00 | 4,850.00 | |
| ShenzhenFubaoIndustrialParkOperationCo.,Ltd. | 6,951.26 | 11,579.00 | |
| ShenzhenShenfubao(Group)Co.,Ltd. | 2,835,952.63 | 2,503,870.62 | |
| ShenzhenShentouPropertyDevelopmentCo.,Ltd. | 8,793,493.79 | 10,126,517.16 | |
| ShenzhenBayWanliHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 687,525.00 | 687,525.00 | |
| ShenzhenBayWanyiHotelBranchofShenzhenWuzhouHotelManagementCo.,Ltd. | 562,521.00 | 562,521.00 | |
| ShenzhenSMEVentureCapitalCo.,Ltd. | 339,760.59 | ||
| ShenzhenBayTechnologyDevelopmentCo.,Ltd. | 154,415,543.77 | 179,966,045.36 | |
| ShenzhenBayAreaUrbanConstructionandDevelopmentCo.,Ltd. | 360,752.18 | 360,752.18 | |
| ShenzhenInfinovaLimited | 144,219.02 | 144,219.02 | |
| ChinaShenzhenForeignTrade(Group)Corp.Ltd. | 132,509.60 | 265,018.43 | |
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 42,296,665.14 | 42,296,665.14 | |
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 5,214,345.90 | 5,214,345.90 | |
| ShenzhenInvestmentHoldingsCo.,Ltd. | 868,934.14 | ||
| ShenzhenForeignServiceGroupCo.,Ltd. | 1,101,949.83 | ||
| YangzhouLvfaRealEstateCo.,Ltd. | 345,072,717.79 | 313,705,372.89 | |
| ShenzhenCulturalBusinessDevelopmentCo.,Ltd. | 773,680.00 | 773,680.00 | |
| ShenzhenConstructionDevelopment(Group)Company | 152,227.00 | 152,227.00 |
| ShenzhenTalentRecruitmentInternationalCo.,Ltd. | 147,132.37 | 147,132.37 | |
| ShenzhenSouthCertificationCo.,Ltd. | 34,002.15 | 34,002.15 | |
| ShenzhenShenfubaoEasternInvestmentDevelopmentCo.,Ltd. | 225,912.89 | ||
| Total | 563,355,842.78 | 560,761,809.07 |
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.OthersXIV.CommitmentsandContingency
1.SignificantCommitmentsSignificantcommitmentsonbalancesheetdateSignedlargeamountcontractunderperformingortobeperformed
| Item | AmountofCurrentPeriod | Sameperiodoflastyear |
| Commitmentssignedbuthasn’tbeenrecognizedinlargeamount | 2,132,088,014.66 | 1,034,954,205.35 |
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.(Respondent1,hereinafterreferredtoasthe"ITCTechnologyParkCompany")anditsHigh-techZoneBranch(Respondent2)forSoftwareParkIInFebruaryandMarch2021,High-techZoneBranchofITCTechnologyParkCompanyandShenzhenITCTechnologyParkServiceCo.,Ltd.receivedarbitrationnoticesrespectivelyofthecase[2021]ShenguozhongshouNo.541and[2021]ShenguozhongshouNo.1063.TheFourthOwners’CommitteeofShenzhenNanshanDistrictSoftwareParkappliedforthefollowingaward:1.Respondent1shallreturnRMB9,893,677.82andfundoccupationfeeofRMB3,272,665.99(temporarilycalculatedfrom1July2012to31January2021),totalingRMB13,166,343.81;Respondent1shallbeartheattorney’sfeeofRMB30,000.00;Respondent2shallreturnRMB31,077,017.59andRMB635,929.44offundoccupationfee(temporarilycalculatedfrom1July2020to31January2021),totalingRMB31,712,947.03;Respondent2shallbeartheattorney'sfeeofRMB300,000.00.ThetotalamountoftheaboveisRMB45,209,290.84.On21August2022,theArbitrationTribunalheldthesecondhearingtoinquireabouttheauditreportissuedbythethird-partyauditorandthedetailsofthecase,on5September2022,Jun&PartnersrespondedtotheSpecialAuditReportofCaseNo.541andCaseNo.1063.Thearbitrationawardsontwocasesweregivenon23and24March2023respectively.Accordingtotheconclusionofarbitrationawards,theHigh-techZoneBranchofShenzhenITCTechnologyParkServiceCo.,Ltd.shouldreturnapproximately
RMB540,000ofpublicrevenuetotheOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark(inspiteofRMB32millionrequestedbytheOwners'Committee)andbearapartofarbitrationfee;inregardtothearbitrationcasebetweentheITCTechnologyParkCompanyandtheOwners'CommitteeofShenzhenNanshanDistrictSoftwarePark,allrequestsofthelatterhavebeenrejectedbythearbitrationtribunal(inspiteofRMB13millionrequestedbytheOwners'Committee).TheOwners'Committee,whichiscarryingoutelectionofnewmembers,cannotprovideanyreceiptaccount.Therefore,therespondentsarecommunicatingwiththeapplicant'sattorneyondetailsofexecution.
(3)LitigationcaseaboutShenzhenBasepointIntelligentCo.,Ltd.On20August2017,ShenzhenFacilityManagementCommunityTechnologyCo.,Ltd.signedSoftwareServiceContractonChinaMerchantsPropertyIntelligentFacilityManagementPlatformwithChinaMerchants.Meanwhile,thecompanyprocuredaRMB3millionfacilitymanagementsystem(consistingof31items)fromBasepointfortheproject.Duringdeliveryoftheproject,only11itemsofthesystemdeliveredbyBasepointpassedtheacceptanceinspection,leavingthefulldeliveryunfinished.Therefore,theCompanyfailedtoreachaconsensuswithBasepointonpayment,andthelattersuedtheCompanyin2021,makingRMB3millionoftheCompany'sfundlockedup.Accordingtothejudgmentoffirstinstanceon10August2022,theCompanyshouldcompensateRMB3milliontoBasepoint.TheCompanyrefusedtoacceptthefirstinstancejudgmentandinstitutedanappealforsecondinstancein2022.Thesecondinstanceisexpectedtostarton11August2023.
(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.Duringthesecondtrialconductedonline,ShenzhenIntermediatePeople’sCourtrejectedallrequestsappealedbyJinhailianandupheldthejudgmentofthefirsttrial.
(5)OthersAsarealestatedeveloper,theCompanyprovidesmortgageloanguaranteesandpaysloandepositsforcommercialhousingpurchasersaccordingtotheoperationpracticeoftherealestateindustry.By30June,2023,thebalanceofthedepositnotdischargedwithguaranteewasRMB63,292,452.99,whichwouldbedischargedwhenthemortgageloansarepaidoff.
(2)ExplanationshallbegivenevenifthereisnosignificantcontingencyfortheCompanytodiscloseTherewasnosignificantcontingencyintheCompanytodisclose.
3.Others
XV.EventsafterBalanceSheetDate
1.SignificantNon-adjustmentMatters
Unit:RMB
| Item | Contents | Influencenumbertothefinancialpositionandoperatingresults | Reasonofinabilitytoestimateinfluencenumber |
2.DistributionofProfit
3.SalesReturn
4.NotestoOtherEventsafterBalanceSheetDate
XVI.OtherSignificantEvents
1.TheAccountingErrorsCorrectioninPreviousPeriod
(1)RetrospectiveRestatement
Unit:RMB
| Content | Processingprogram | Nameoftheinfluencedreportitemsduringcomparisonperiod | Accumulativeimpact |
(2)ProspectiveApplication
| Content | Processingprogram | Reasonforadoptingprospectiveapplication |
2.DebtRestructuring
3.AssetsReplacement
(1)Non-monetaryAssetsExchange
(2)OtherAssetsReplacement
4.PensionPlans
5.DiscontinuedOperations
Unit:RMB
| Item | Revenue | Costs | Totalprofit | Incometaxexpense | Netprofit | ProfitfromdiscontinuedoperationsattributabletoownersoftheCompanyastheparent |
| ZhanjiangBranchofShenzhenProperties&ResourcesDevelopment(Group)Ltd.deregistered | 0.00 | -5,073.06 | 61,355.83 | 0.00 | 61,355.83 | 61,355.83 |
Othernotes:
6.SegmentInformation
(1)DeterminationBasisandAccountingPoliciesofReportableSegmentInaccordancewiththeinternalorganizationstructure,managementrequirementsandinternalreportsystem,theCompanyidentifiesthereportablesegmentbasedonthebusinesssegment,andassessestheoperationalperformanceofrealestatesales,propertymanagementandcateringservice.Theassetsandliabilitiessharingwithothersegmentsshallbeproportionallydistributedamongsegmentsbyscales.
(2)TheFinancialInformationofReportableSegment
Unit:RMB
| Item | Realestate | Propertymanagement | Leasingbusiness | Offsetamongsegment | Total |
| OperatingRevenue | 1,053,881,874.68 | 773,181,325.02 | 78,401,433.15 | 1,905,464,632.85 |
| Operatingcost | 695,191,661.52 | 635,461,652.02 | 41,506,570.71 | 1,372,159,884.25 | |
| Totalassets | 13,299,291,495.21 | 1,710,738,121.43 | 489,507,593.11 | 15,499,537,209.75 | |
| Totalliabilities | 10,449,500,028.22 | 511,639,802.46 | 70,574,307.22 | 11,031,714,137.90 |
(3)IfthereWasnoReportableSegment,ortheTotalAmountofAssetsandLiabilitiesofEachReportableSegmentCouldnotBeReported,RelevantReasonsShallBeClearlyStated
(4)Othernotes
7.OtherSignificantTransactionsandEventswithInfluenceonInvestors’Decision-making
8.OtherXVII.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 | 96.80% | 96,702,269.40 | 100.00% | 96,702,269.40 | 94.67% | 96,702,269.40 | 100.00% | ||
| Ofwhich: | ||||||||||
| Accountsreceivablewithdrawalofbaddebtprovisionofbygroup | 3,201,456.76 | 3.20% | 482,401.07 | 15.07% | 2,719,055.69 | 5,447,776.99 | 5.33% | 310,734.28 | 5.70% | 5,137,042.71 |
| Ofwhich: | ||||||||||
| Total | 99,903,726.16 | 100.00% | 97,184,670.47 | 97.28% | 2,719,055.69 | 102,150,046.39 | 100.00% | 97,013,003.68 | 94.97% | 5,137,042.71 |
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 | ||
Withdrawalofbaddebtprovisionbygroup:482401.07
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Portfolioofcreditriskfeatures | 3,201,456.76 | 482,401.07 | 15.00% |
| Portfoliooftransactionswithotherrelatedparties | |||
| Total | 3,201,456.76 | 482,401.07 | |
Notestothedeterminationbasisforthegroup:
Withdrawalofbaddebtprovisionbygroup:RMB482,401.07
Unit:RMB
| Name | Endingbalance | ||
| Carryingamount | Baddebtprovision | Withdrawalproportion | |
| Within1year | 1,413,114.27 | 42,393.43 | 3.00% |
| 1-2years | 604,586.55 | 60,458.66 | 10.00% |
| 2-3years | 1,061,644.99 | 318,493.50 | 30.00% |
| 3-4years | 122,110.95 | 61,055.48 | 50.00% |
| Total | 3,201,456.76 | 482,401.07 | |
Notestothedeterminationbasisforthegroup:
Pleaserefertotherelevantinformationofdisclosureofbaddebtprovisionofotheraccountsreceivableifadoptingthegeneralmodeofexpectedcreditlosstowithdrawbaddebtprovisionofaccountsreceivable.
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Endingbalance |
| Withinoneyear(including1year) | 1,413,114.27 |
| Onetotwoyears | 604,586.55 |
| Twotothreeyears | 1,061,644.99 |
| Morethanthreeyears | 96,824,380.35 |
| Threetofouryears | 122,110.95 |
| Over5years | 96,702,269.40 |
| Total | 99,903,726.16 |
(2)BadDebtProvisionWithdrawal,ReversedorRecoveredintheCurrentPeriod
Withdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Baddebtprovisionaccruedbyitem | 96,702,269.40 | 96,702,269.40 | ||||
| Withdrawalofbaddebtprovisionbygroup | 310,734.28 | 171,666.79 | 482,401.07 | |||
| Total | 97,013,003.68 | 171,666.79 | 97,184,670.47 | |||
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 | 93.90% | 93,811,328.05 |
| ShenzhenTeweiIndustryCo.,Ltd. | 2,836,561.00 | 2.84% | 2,836,561.00 |
| ShenzhenFeihuangIndustrialCo.,Ltd. | 769,919.05 | 0.77% | 230,975.72 |
| ShenzhenMeigeXiaziCateringManagementCo.,Ltd. | 542,366.40 | 0.54% | 162,709.92 |
| ShenzhenPengxinPropertyManagementCo.,Ltd. | 255,875.00 | 0.26% | 7,676.25 |
| Total | 98,216,049.50 | 98.31% |
(5)Accountsreceivablederecognizedduetothetransferoffinancialassets
(6)TheAmountoftheAssetsandLiabilitiesFormedduetotheTransferandtheContinuedInvolvementofAccountsReceivableOthernotes:
2.OtherReceivables
Unit:RMB
| Item | Endingbalance | Beginningbalance |
| Dividendreceivable | 151,433,108.41 | 151,433,108.41 |
| Otherreceivables | 4,444,939,247.02 | 5,010,963,761.04 |
| Total | 4,596,372,355.43 | 5,162,396,869.45 |
(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 |
| ShenzhenJinghengtaiRealEstateDevelopmentCo.,Ltd. | 151,433,108.41 | 151,433,108.41 |
| Total | 151,433,108.41 | 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 | 2,240,927.00 | 2,537,789.00 |
| Paymentonbehalf | ||
| Externalintercoursefunds | 23,202,397.67 | 23,374,171.34 |
| Intercoursefundstosubsidiary | 4,451,506,190.80 | 5,017,542,623.59 |
| Total | 4,476,949,515.47 | 5,043,454,583.93 |
2)WithdrawalofBadDebtProvision
Unit:RMB
| Baddebtprovision | Firststage | Secondstage | Thirdstage | Total |
| Expectedcreditlossinthenext12months | Expectedlossintheduration(creditimpairmentnotoccurred) | Expectedlossintheduration(creditimpairmentoccurred) | ||
| Balanceof1January2023 | 8,997,495.81 | 23,493,327.08 | 32,490,822.89 | |
| Balanceof1January2023inthecurrentperiod | ||||
| Withdrawalofthecurrentperiod | 31,429.94 | -511,984.38 | -480,554.44 | |
| Balanceasat30June2023 | 9,028,925.75 | 22,981,342.70 | 32,010,268.45 |
Changesofcarryingamountwithsignificantamountchangedoflossprovisioninthecurrentperiod
□Applicable?NotapplicableDisclosurebyaging
Unit:RMB
| Aging | Endingbalance |
| Withinoneyear(including1year) | 4,444,878,230.56 |
| Onetotwoyears | 11,200.00 |
| Twotothreeyears | 40,849.05 |
| Morethanthreeyears | 32,019,235.86 |
| Threetofouryears | 69,600.00 |
| Over5years | 31,949,635.86 |
| Total | 4,476,949,515.47 |
3)BadDebtProvisionWithdrawn,ReversedorRecoveredintheCurrentPeriodWithdrawalofbaddebtprovision:
Unit:RMB
| Category | Beginningbalance | Changesinthecurrentperiod | Endingbalance | |||
| Withdrawal | Reversedorrecovered | Verification | Others | |||
| Otherreceivables | 32,490,822.89 | -480,554.44 | 32,010,268.45 | |||
| Total | 32,490,822.89 | -480,554.44 | 32,010,268.45 | |||
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 | 47.21% | |
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 1,471,000,000.00 | Within1year | 32.86% | |
| YangzhouWuheRealEstateCo.,Ltd. | Intercoursefundstosubsidiary | 700,614,325.72 | Within1year | 15.65% | |
| SZPRDXuzhouDapengRealEstateDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 40,568,374.85 | Within1year | 0.91% | |
| ShumYipPropertiesDevelopmentCo.,Ltd. | Intercoursefundstosubsidiary | 106,409,390.56 | Over5years | 2.38% | 6,652,394.80 |
| Total | 4,432,352,261.13 | 99.01% | 6,652,394.80 |
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 | 1,433,799,880.39 | 65,834,000.00 | 1,367,965,880.39 | 1,436,329,880.39 | 68,364,000.00 | 1,367,965,880.39 |
| Investmenttojointventuresandassociatedenterprises | 100,559,319.77 | 18,983,614.14 | 81,575,705.63 | 98,765,051.45 | 18,983,614.14 | 79,781,437.31 |
| Total | 1,534,359,200.16 | 84,817,614.14 | 1,449,541,586.02 | 1,535,094,931.84 | 87,347,614.14 | 1,447,747,317.70 |
(1)InvestmenttoSubsidiaries
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decreaseforthecurrentperiod | Endingbalance(Carryingvalue) | Endingbalanceofdepreciationreserve | |||
| Additionalinvestment | Reducedinvestment | Withdrawalofimpairmentprovision | Others | ||||
| ShenzhenHuangchengRealEstateCo.,Ltd. | 35,552,671.93 | 35,552,671.93 | |||||
| ShenzhenWuheIndustryInvestmentDevelopmentCo.,Ltd. | 44,950,000.00 | 44,950,000.00 | |||||
| SZPRDYangzhouRealEstateDevelopmentCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| DongguanITCChangshengRealEstateDevelopmentCo.,Ltd. | 20,000,000.00 | 20,000,000.00 | |||||
| ShenzhenInternationalTradeCenterPropertyManagementCo.,Ltd. | 195,337,851.23 | 195,337,851.23 | |||||
| ShenzhenPropertyEngineeringandConstructionSupervisionCo.,Ltd. | 3,000,000.00 | 3,000,000.00 | |||||
| SZPRDCommercialOperationCo.,Ltd. | 63,509,120.32 | 63,509,120.32 | |||||
| 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. | 77,474,479.29 | 77,474,479.29 | |||||
| DongguanWuheRealEstateCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | |||||
| ShenzhenGuangmingWuheRealEstateCo.,Ltd. | 50,000,000.00 | 50,000,000.00 | ||
| ShenzhenWuheUrbanRenewalCo.,Ltd. | 236,641,757.62 | 236,641,757.62 | ||
| YangzhouWuheRealEstateCo.,Ltd. | 33,500,000.00 | 33,500,000.00 | ||
| Total | 1,367,965,880.39 | 1,367,965,880.39 | 65,834,000.00 |
(2)InvestmenttoJointVenturesandAssociatedEnterprises
Unit:RMB
| Investee | Beginningbalance(carryingvalue) | Increase/decreaseforthecurrentperiod | Endingbalance(Carryingvalue) | Endingbalanceofdepreciationreserve | |||||||
| Additionalinvestment | Reducedinvestment | Gainsandlossesrecognizedundertheequitymethod | Adjustmentofothercomprehensiveincome | Changesofotherequity | Cashbonusorprofitsannouncedtoissue | Withdrawalofimpairmentprovision | Others | ||||
| I.Jointventures | |||||||||||
| ShenzhenRealEstateJifaWarehousingCo.,Ltd. | 44,730,585.29 | 1,722,873.98 | 46,453,459.27 | ||||||||
| Tian’anInternationalBuildingPropertyManagementCompanyofShenzhen | 7,037,952.31 | 82,895.33 | 7,120,847.64 | ||||||||
| Subtotal | 51,768,537.60 | 1,805,769.31 | 53,574,306.91 | ||||||||
| II.Associatedenterprises | |||||||||||
| ShenzhenWufangCeramicsIndustrialCo.,Ltd. | 18,983,614.14 | ||||||||||
| CSCECIntelligentParkingTechnologyCo.,Ltd. | 28,012,899.71 | 51,619.01 | 63,120.00 | 28,001,398.72 | |||||||
| Subtotal | 28,012,899.71 | 51,619.01 | 63,120.00 | 28,001,398.72 | 18,983,614.14 | ||||||
| Total | 79,781,437.31 | 1,857,388.32 | 63,120.00 | 81,575,705.63 | 18,983,614.14 | ||||||
(3)OtherNotes
4.OperatingRevenueandCostofSales
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod | ||
| Revenue | Cost | Revenue | Cost | |
| Principalbusiness | 995,033,423.48 | 697,320,050.39 | 23,251,320.73 | 16,550,326.74 |
| Others | 8,588,500.36 | 711,099.38 | 8,338,349.86 | 659,988.00 |
| Total | 1,003,621,923.84 | 698,031,149.77 | 31,589,670.59 | 17,210,314.74 |
Relevantinformationofrevenue:
Unit:RMB
| Categoryofcontracts | Segment1 | Segment2 | Total | |
| Productcategories | ||||
| Ofwhich: | ||||
| Realestatebusiness | 974,533,312.66 | 974,533,312.66 | ||
| Houseleasingbusiness | 29,088,611.18 | 29,088,611.18 | ||
| Classificationbyoperatingregion | ||||
| Ofwhich: | ||||
| Shenzhen | 1,003,621,923.84 | 1,003,621,923.84 | ||
| Marketorcustomertype | ||||
| Ofwhich: |
Contracttype
| Contracttype |
| Ofwhich: |
Classificationbytimeofcommoditytransfer
| Classificationbytimeofcommoditytransfer |
| Ofwhich: |
Classificationbycontractterm
| Classificationbycontractterm |
| Ofwhich: |
Classificationbysaleschannel
| Classificationbysaleschannel |
| Ofwhich: |
Total
| Total | 1,003,621,923.84 | 1,003,621,923.84 |
Informationaboutperformanceobligations:
Theincomeoftheparentcompanyincurrentperiodwasincomefromthebusinessofrealestateandlease.Informationinrelationtothetransactionpriceapportionedtotheresidualcontractperformanceobligation:
TheamountofrevenuecorrespondingtoperformanceobligationsofcontractssignedbutnotperformedornotfullyperformedyetwasRMB0.00attheperiod-end,amongwhichRMB__wasexpectedtoberecognizedin__,RMB__wasexpectedtoberecognizedin__,andRMB__wasexpectedtoberecognizedin__.Othernotes:
5.InvestmentIncome
Unit:RMB
| Item | Amountforthecurrentperiod | Amountforthepreviousperiod |
| Long-termequityinvestmentincomeaccountedbyequitymethod | 1,857,388.32 | 859,534.38 |
| Entrustedloansinterest | 76,724,135.18 | |
| Total | 1,857,388.32 | 77,583,669.56 |
6.Other
XVIII.SupplementaryMaterials
1.ItemsandAmountsofNon-recurringProfitorLoss?Applicable□Notapplicable
Unit:RMB
| Item | Amount | Note |
| Gains/lossesfromthedisposalofnon-currentassets(inclusiveofprovisionforimpairmentofassetswrite-offs) | 174,379.69 | |
| Governmentgrantsrecordedinthecurrentprofitorloss(exceptforthoseacquiredintheordinarycourseofcompany’sbusiness,inlinewithnationalpoliciesandregulations,orgrantedcontinuouslyaccordingtocertainstandardquotasoramounts) | 501,658.00 | |
| Othernon-operatingincomeandexpenseotherthantheabove | -562,616.42 | |
| Less:Incometaxeffects | 31,670.01 | |
| Non-controllinginterestseffects | 23,017.77 | |
| Total | 58,733.49 | -- |
Detailsofotherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlosses:
□Applicable?NotapplicableTherearenootherprofitandlossitemsinlinewiththedefinitionofnon-recurringgainsandlossesintheCompany.Notetodefiningthenon-recurringprofitandlossitemslistedintheExplanatoryNoticeofInformationDisclosurebyCompaniesOfferingSecuritiestothePublicNo.1-Non-recurringProfitandLossItemsasrecurringprofitandlossitems
□Applicable?Notapplicable
2.ReturnonEquityandEarningsPerShare
| Profitasofreportingperiod | WeightedaverageROE(%) | EPS | |
| EPS-basic | EPS-diluted | ||
| NetprofitattributabletoordinaryshareholdersoftheCompany | 4.92% | 0.3707 | 0.3707 |
| NetprofitattributabletoordinaryshareholdersoftheCompanyafterdeductionofnon-recurringprofitorloss | 4.92% | 0.3706 | 0.3706 |
3.AccountingDataDifferencesunderPRCGAAPandThoseunderIFRSs
(1)DifferencesbetweenDisclosedNetProfitsandNetAssetsinFinancialReportinaccordancewithInternationalAccountingStandardsandChineseAccountingStandards
□Applicable?Notapplicable
(2)DifferencesbetweenDisclosedNetProfitsandNetAssetsinFinancialReportinaccordancewithDomesticAccountingStandardsandChineseAccountingStandards
□Applicable?Notapplicable
(3)ExplainReasonsfortheDifferencesbetweenAccountingDataUnderDomesticandOverseasAccountingStandards;forAnyAdjustmentMadetotheDifferenceExistingintheDataAuditedbytheForeignAuditingAgent,SuchForeignAuditingAgent'sNameShallBeClearlyStated.
4.Others