
E-House (China) Enterprise Holdings Limited易居(中國)企業控股有限公司 (於開曼群島註冊成立的有限公司)Stock Code股份代號:2048(Incorporated in the Cayman Islands with limited liability) 中國創新的、基於房地產數據的房地產交易服務商 Interim Report中期報告2023 目 錄CONTENTS 2Corporate Information5Business Review and Outlook7Financial Highlights8Management Discussion and Analysis17Corporate Governance andOther Information28Report on Review ofCondensed ConsolidatedFinancial Statements 30Condensed Consolidated Statement ofProfit or Loss and Other ComprehensiveIncome32Condensed Consolidated Statement ofFinancial Position34Condensed Consolidated Statement ofChanges in Equity36Condensed Consolidated Statement ofCash Flows37Notes to theCondensed ConsolidatedFinancial Statements77Definitions 公 司 資 料CORPORATE INFORMATION 董事會 BOARD OF DIRECTORS 執行董事 Executive Directors Mr. Zhou Xin(Chairman)Mr. Huang CanhaoDr. Cheng Li-LanDr. Ding Zuyu 非執行董事 Non-Executive Directors 20233312023331202355202394 Ms. Jiang ShanshanMr. Yang YongMs. Xie Mei(resigned on 31 March 2023)Mr. Song Jiajun(appointed on 31 March 2023)Mr. Lv Peimei(resigned on 5 May 2023)Mr. Chen Daiping(appointed on 4 September 2023) 獨立非執行董事 Independent Non-Executive Directors Mr. Zhang BangMr. Zhu HongchaoMr. Wang LiqunMr. Li Jin 審計委員會 AUDIT COMMITTEE Mr. Zhang Bang(Chairman)Mr. Wang LiqunMr. Li Jin 薪酬委員會 REMUNERATION COMMITTEE Mr. Zhu Hongchao(Chairman)Mr. Wang LiqunDr. Cheng Li-Lan 提名委員會 NOMINATION COMMITTEE Mr. Zhou Xin(Chairman)Mr. Zhu HongchaoMr. Wang Liqun 公司秘書 COMPANY SECRETARY Mr. Cheng Ching Kit CORPORATE INFORMATION 授權代表 AUTHORIZED REPRESENTATIVES Dr. Cheng Li-LanMr. Huang Canhao 核數師 AUDITOR Zhonghui Anda CPA LimitedCertified Public Accountants 註冊辦事處 REGISTERED OFFICE Maples Corporate Services LimitedPO Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands Maples Corporate Services LimitedPO Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands 總部 HEADQUARTERS 38311200072 11/F, Yinli Building383 Guangyan Road, Jing’an DistrictShanghai 200072, China 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS INHONG KONG 24840 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWan Chai, Hong Kong 法律顧問 LEGAL ADVISORS 香港及美國法律 As to Hong Kong law and United States law Skadden, Arps, Slate, Meagher & Flom 中國法律 Grandall Law Firm (Shanghai) 開曼群島法律 As to Cayman Islands law Maples and Calder (Hong Kong) LLP 公 司 資 料CORPORATE INFORMATION 香港證券登記處 HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell CentreNo. 183 Queen’s Road EastWanchaiHong Kong 主要股份過戶登記處 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands 主要往來銀行 PRINCIPAL BANKER Shanghai Pudong Development Bank Co., Ltd. (Nanhui Branch)China CITIC Bank (Shanghai Hongkou Branch)Bank of Communications (Shanghai Zhabei Branch)China Merchants Bank (Dongfang Branch) 股份代號 STOCK CODE 2048 2048 公司網站 COMPANY WEBSITE www.ehousechina.com www.ehousechina.com 業務回顧及展望 BUSINESS REVIEW AND OUTLOOK 2023202320225.7%64.9%25.1%15.9%5.9% Inthe first half of 2023,the PRC government issued a series ofmeasures to encourage real estate purchase, including lowering therequired down payment and mortgage interest rates and reduction intransaction related taxes. However, the real estate industry in Chinaremained in a depressed state due to poor buyer sentiment and slowereconomic growth. This has led to many leading developers reportingsharp decreases in sales volume for the first half of 2023 comparedto the same period of 2022. Many of them continued to face seriousliquidity constraints. The Group’s operations were negatively affectedby this continued and unprecedented industry downturn, resulting ina 5.7% year-on-year decrease in total sales revenue. Revenues fromreal estate agency services in the primary market decreased by 64.9%,revenuesfrom real estate data and consulting services decreasedby25.1%,revenues from real estate brokerage network servicesincreasedby 15.9%and revenues from digital marketing servicesincreased by 5.9%. 53%89% Amidthis challenging environment,the Group continued to focuson cost reduction and cash flow, and achieved a 53% year-on-yearreduction in total net loss and an 89% year-on-year decrease in netcash used in operating activities. 202382% The Company worked closely with its creditors and advisors on therestructuringof its offshore debt and made substantial progressduring the first half of 2023. The new restructuring plan has wonthe support of more than 82% of the creditors. The Company willcontinue to work tirelessly toward a successful and timely completionof the debt restructuring to provide a solid footing for the Group’sfuture development. 業 務 回 顧 及 展 望BUSINESS REVIEW AND OUTLOOK 2023 Looking ahead at the