龙湖集团2023 中期报告

目錄Contents 2Group Structure3Corporate Information5Schedule of Principal Properties26Chairman’s Statement29Management Discussion and Analysis50Disclosure of Interests56Corporate Governance and Other Information59Report on Review of Condensed Consolidated Financial Statements61Condensed Consolidated Statement of Profit or Loss and OtherComprehensive Income63Condensed Consolidated Statement of Financial Position65Condensed Consolidated Statement of Changes in Equity67Condensed Consolidated Statement of Cash Flows70Notes to the Condensed Consolidated Financial Statements 集團架構Group Structure PROPERTYMANAGEMENT物業管理 PROPERTYDEVELOPMENT地產開發 RENTALHOUSING長租公寓 COMMERCIALINVESTMENT商業投資 SMARTCONSTRUCTION智慧營造 DIVIDED BY REGION 公司資料Corporate Information 公司資料Corporate Information 86 115 www.longfor.com 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主席報告Chairman’s Statement I am pleased to present to our shareholders the half-year business review andoutlook for the six months ended June 30, 2023 of Longfor Group HoldingsLimited (hereafter the “Company”, and together with its subsidiaries,collectively the “Group”). 376.290%65.90.32 In the past six months, China’s economy continued to recover amidsttransformation and upgrading. Some reversals and zigzags along the way didn’tweaken its internal growth potential and resilience, as well as the long-termpositive trend in fundamentals. By sticking firmly to our main businesses andpooling collective minds and efforts, Longfor Group was proud to announce ourhalf-year performance: we delivered nearly 62,000 quality residential units in 37cities across China, with customer satisfaction above 90%; core attributable profitstood at RMB6.59 billion, and dividends to be distributed reached RMB0.32 pershare, fulfilling our commitment of returns to shareholders. Powered by robustand prudent asset and liability management, our three major business segmentsof property development, operation and service, covering five business divisions,were clearly laid out while keeping focused on synergy and steady growth. The national new home sales market had been gradually picking up amidstups and downs since the beginning of the year. The real estate industry hasmoved away from a highly leveraged growth model and embarked on a newphase of stable development, which was bolstered by the consistent and preciseimplementation of supportive policies. Our development business has alsoshifted focus from scale to precise investments and demand-oriented qualityimprovements. We have flexibly maintained a balance between sales volume andprice, construction progress, and sales pace in a fluctuating market, ensuringstable cash returns for the Group. 60 Our operation business achieved rental income of more than RMB6.0 billion inthe first half of the year, and continued to improve quality and efficiency. Basedon the firm investment in the past, Longfor has successfully built a rich portfolioof commercial property projects in higher-tier cities, and strategically expandedour grid layout in these cities through a balanced approach of asset-heavy andasset-light models. Our commercial division has started generating positive cashflow in the first half of the year. Rental housing business continues to improveoperational efficiency and maintain healthy profit growth. 3.5 Our service business strived to provide comprehensive, intelligent and qualityproducts and services through upgrades of systems and application of smarttechnologies in various spaces under management. Rooted in residentialproperties, Longfor Intelligent Living has now expanded its service scope toproperty services and operation management across a wide array of propertytypes such as commercial properties, office buildings, industrial parks andpublic facilities, with a GFA under management of over 350 million sqm. Byemploying diverse, meticulous, and efficient operations, we have been able tosecure a loyal customer base, achieve asset appreciation, and contribute to overallprofitability. Longfor Smart Construction encompasses flywheels of the five majorbusinesses, which, by implementing the comprehensive Longfor-approach projectdevelopment