五矿地产二零二三年中期报告

(Incorporated in Bermuda with limited liability)Stock Code230 ABOUTMINMETALS LAND關於五礦地產 Minmetals Land Limited is a subsidiary and the sole listedreal estate flagship of China Minmetals Corporation in HongKong. Minmetals Land Limited’s principal business includesrealestate development,specialised construction andproperty investment. Currently, its real estate developmentbusiness covers the Pan Bohai Rim, Yangtze River Delta,Central China Region, Chengdu-Chongqing Region and PearlRiver Delta (including Hong Kong). CONTENTS目錄 Independent ReviewReport40 4 Corporate Information 5 42 Interim CondensedConsolidated FinancialStatements Financial Highlights Glossary of Terms82 Group Properties6 About China MinmetalsCorporation84 Management Discussionand Analysis18 Other Information31 CORPORATE INFORMATION公司資料 執行董事———— EXECUTIVE DIRECTORSMr. He Jianbo — Chairman Mr. Liu Bo — Managing DirectorMr. Chen Xingwu — Deputy Managing DirectorMr. Yang Shangping — Deputy Managing Director 非執行董事 NONEXECUTIVE DIRECTORSMs. He XiaoliMr. Huang Guoping 獨立非執行董事 INDEPENDENT NONEXECUTIVE DIRECTORSMr. Lam Chung Lun, BillyMs. Law Fan Chiu Fun, FannyProfessor Wang Xiuli 公司秘書 COMPANY SECRETARYMr. Cheng Ka Hang, Francis 法律顧問 LEGAL ADVISORNorton Rose Fulbright Hong Kong 獨立核數師97927 INDEPENDENT AUDITORErnst & Young Certified Public AccountantsRegistered Public Interest Entity Auditor27th Floor, One Taikoo Place,979 King’s Road, Quarry Bay, Hong Kong 主要往來銀行 PRINCIPAL BANKERSAgricultural Bank of China Limited Bank of China (Hong Kong) LimitedBank of Communications Company, LimitedChina Construction Bank CorporationChong Hing Bank LimitedCMB Wing Lung Bank LimitedDBS Bank Ltd.Industrial and Commercial Bank of China (Asia) Limited 股份過戶登記分處1831717121716 BRANCH SHARE REGISTRARComputershare Hong Kong Investor Services Limited Shops 1712–1716,17th Floor, Hopewell Centre,183 Queen’s Road East,Hong Kong 註冊辦事處Victoria Place,5th Floor, 31 Victoria Street,Hamilton HM 10,Bermuda REGISTERED OFFICEVictoria Place, 5th Floor, 31 Victoria Street,Hamilton HM 10,Bermuda 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS INHONG KONG18th Floor, China Minmetals Tower, 79182613 63632581 9823info@minmetalsland.com 79 Chatham Road South,Tsimshatsui, Kowloon, Hong KongTel: 2613 6363Fax: 2581 9823Email : info@minmetalsland.com 網址http://www.minmetalsland.com WEBSITEhttp://www.minmetalsland.com FINANCIAL HIGHLIGHTS財務摘要 GROUP PROPERTIES集團物業 GROUP PROPERTIES集團物業 GROUP PROPERTIES集團物業 GROUP PROPERTIES集團物業 GROUP PROPERTIES集團物業 GROUP PROPERTIES集團物業 MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 經營回顧 概述 OPERATION REVIEWOverview 83.4332.8%5.9310.91.1224.4%13.98 In the first half of 2023, the overall Chinese real estate market showedan upswing followed by a downturn. In the first quarter, market activityhad been picking up significantly, which was spurred on by the releaseof pent-up demand accumulated in earlier times, as the pandemicsituationin China was getting better.The recovery,however,lostmomentum in the second quarter as homebuyer sentiment once againslipped downhill when pent-up demand was basically unleashed. Thenational real estate market was still under great pressure from overhaul.TheGroup achieved satisfactory operating performance for thehalf-year by making ongoing efforts to reinforce its robust businessstrategy,accelerating its transformation into an“urban operator”,adhering to the strategy of high-quality and maintaining enhancementon its operational efficiency. During the period, the Group’s revenuesoaredby 32.8%to HK$8,343 million as compared to thecorresponding period last year, and profit for the period surged 10.9times to HK$593 million as compared to the corresponding period lastyear. Profit attributable to equity holders of the Company increased by24.4% to HK$112 million as compared to the corresponding period lastyear. Core profit attributable to equity holders of the Company1wasHK$398 million. Note: 1. 1.“Core profit attributable to equity holders of the Company” excludes allowance forimpairment of inventories, share of impairment of inventories of associates and jointventures,exchange loss/gain,fair value changes of investment properties andreversal/allowance for impairment of receivables. 市場回顧 Market Review 63,0921.1%59,5155.3%58,5507.9%791,5486.6% In the first half of the year, China’s real estate market recovery fell shortof expectations with relatively mediocre performance in the market andenterprises under constrained supply and demand, albeit the markethas shown certain improvements since 2023. China’s real estate sectorenjoyed a brief uptick in the first quarter, benefitting from economicrecovery driven by the unleashed pent-up demand accumulated duringthe pandemic and supportive policy measures. The market has cooledsignificantly in the second quarter, with sales slowed in April, whileChina’smacro-economic indicators went south in May and June,coupled with tempered expectations for home purchases, and