朗诗绿色管理2023中期报告

Contents目錄 Corporate Information2Definitions4Chairman’s Report7Management Discussion and Analysis11Interim Condensed ConsolidatedStatement of Comprehensive Income23Interim Condensed ConsolidatedBalance Sheet25Interim Condensed ConsolidatedStatement of Changes in Equity28Interim Condensed ConsolidatedStatement of Cash Flows29Notes to the Condensed ConsolidatedFinancial Statements32Other Information107 Corporate Information公司資料 BOARD OF DIRECTORS Executive DirectorsMr. Tian Ming(Chairman)Mr. Huang Zheng(Chief Executive Officer) () Non-Executive DirectorsMs. Gu JingMr. Cheng Yuan (resigned with effect from 28 April 2023) Independent Non-Executive DirectorsMr. Xu XiaonianMr. Chen Tai-yuanMr. Rui Meng AUDIT COMMITTEE Mr. Rui Meng(Committee Chairman)Mr. Chen Tai-yuanMr. Xu Xiaonian REMUNERATION COMMITTEE Mr. Chen Tai-yuan(Committee Chairman)Mr. Xu XiaonianMr. Rui Meng NOMINATION COMMITTEE Mr. Xu Xiaonian(Committee Chairman)Mr. Rui MengMr. Chen Tai-yuan ENVIRONMENTAL, SOCIAL AND GOVERNANCECOMMITTEE Mr. Tian Ming(Committee Chairman)Mr. Huang ZhengMr. Xu XiaonianMr. Chen Tai-yuanMr. Rui Meng COMPANY SECRETARY Corporate Information公司資料 AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor PRINCIPAL REGISTRAR MUFG Fund Services (Bermuda) Limited4th floor North Cedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th floor North Cedar House41 Cedar AvenueHamilton HM12Bermuda BRANCH REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th Floor, Hopewell Centre183 Queen’s Road EastWanchai, Hong Kong 183171712–1716 PRINCIPAL BANKERS Hang Seng Bank LimitedThe Hong Kong and Shanghai Banking Corporation Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton, HM11Bermuda Clarendon House2 Church StreetHamilton, HM11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 84406 Unit 406, 4/F.8 Queen’s Road EastWan ChaiHong Kong 106 STOCK CODE Hong Kong Stock Exchange: 106 http://www.landsea.hk WEBSITEhttp://www.landsea.hk Definitions釋義 In this interim report, unless the context otherwise requires, thefollowing expressions shall have the following meanings: Definitions釋義 the Hong Kong Special Administrative Region of the PRC “Landsea Group” Landsea Homes Corporation, a company incorporated under the State ofDelaware in the United States and the common stock of which are listed onNASDAQ, and is a non-wholly owned subsidiary of the Company (symbols: LSEA)Landsea Homes CorporationLSEA Landsea International Holdings Limited, a company incorporated in the BritishVirgin Islands with limited liability and indirectly wholly-owned by Landsea GroupLandsea International Holdings Limited Definitions釋義 Chairman’s Report主席報告 MARKET OVERVIEW 202320232022202334.1%2023724 In the first half of 2023, Gross Domestic Product (“GDP”) was betterthan that of the first quarter, but the internal and external insufficientdemand has yet to be resolved. In the first seven months of 2023,the sales of top 100 real estate enterprises of China continued todecline on the basis of a low base in 2022. In July 2023, the year-on-year decline was even as high as 34.1%, and the market adjustmentfar exceeded industry expectation. The decrease in operating cashflow caused by the sluggish sales and the continuous restriction on Chairman’s Report主席報告 the financing side have posed great challenges to the entire realestate industry in the PRC. The meeting of the Political Bureau ofthe Central Committee of the Communist Party of China held on 24July 2023 pointed out that, in order to adapt to the new situation ofsignificant changes in the supply and demand of the real estatemarket in the PRC, the real estate policy will be adjusted andoptimized in a timely manner. However, the current internal andexternal market environment is still severe. OPERATION PERFORMANCE In the first half of 2023, the contracted sales of “Landsea Products”amounted to approximately RMB11.16 billion with contracted GFAof approximately 563,000 sq.m.. Profit before tax was approximatelyRMB43 million. 2023111.656.34,300 Real Estate Business in the PRC 202320202023665202220232.3%13.8%20226.6 Since the beginning of 2023, the in-depth adjustment of the PRC’sreal estate industry has continued. Since 2020 and up to the end ofJune 2023, the number of default real estate enterprises hasexceeded 65. The delisting trend of listed real estate enterprisesduring the year is inevitable. In 2022, the Company has madeprovisions for impairment losses for most heavy-asset projects.Although contracted sales in the first half of 2023 were still underpressure, the overall business of the Company was under normaloperation. The gross profit margin and operating profit marginremained stable, and the net profit basically returned to positive.With the continuous deepening of deleveraging, the overall size ofliabilities further decreased by 2.3% as compared