绿景中国地产2023 中期报告

Contents Corporate Information2Management Discussion and Analysis5Other Information23Report on Review of Condensed Consolidated Financial Statements36Condensed Consolidated Statement of Profit or Loss38Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income39Condensed Consolidated Statement of Financial Position40Condensed Consolidated Statement of Changes in Equity42Condensed Consolidated Statement of Cash Flows43Notes to the Condensed Consolidated Financial Statements44 Corporate Information Directors Executive Directors Ms. HUANG Jingshu(Chairman)Mr. TANG Shouchun(Chief Executive Officer)Mr. YE XinganMr. HUANG Hao YuanMs. LI Yufei Independent Non-Executive Directors Mr. WANG JingMs. HU Gin IngMr. MO Fan Executive Committee Ms. HUANG Jingshu(Chairman)Mr. TANG ShouchunMr. YE XinganMr. HUANG Hao YuanMs. LI Yufei Audit Committee Ms. HU Gin Ing(Chairman)Mr. WANG JingMr. MO Fan Nomination Committee Ms. HUANG Jingshu(Chairman)Mr. WANG JingMr. MO Fan Remuneration Committee Ms. HU Gin Ing(Chairman)Ms. HUANG JingshuMr. MO Fan Authorised Representatives Mr. TANG ShouchunMr. CHAN Kin Man Company Secretary Mr. CHAN Kin Man Auditor • Deloitte Touche TohmatsuRegistered Public Interest Entity Auditors Corporate Information Registered Office Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Head Office and Principal Place of Business inHong Kong 123NEO2501 Unit 2501, NEO123 Hoi Bun RoadKwun TongKowloon, Hong Kong PRC Office 6011NEOA55518048 55/F, Tower A, NEO Building6011 Shennan Avenue, Futian DistrictShenzhen, PRCPostal Code: 518048 26/F Gold River Center88 Shi Shan Road, New DistrictSuzhou, PRCPostal Code: 215011 8826215011 Legal Advisers (in alphabetical order) Appleby Hunter BailhacheDeaconsGlobal Law Office Appleby Hunter Bailhache Principal Bankers (in alphabetical order) Bank of China (Hong Kong) LimitedBank of Communications Co., LtdBank of Jiangsu Co., Ltd.Bank of Shanghai Co., LimitedChina Construction Bank CorporationChina Everbright Bank Company LimitedChina Zheshang Bank Co., Ltd.CMB Wing Lung Bank LimitedHang Seng Bank LimitedHua Xia Bank Co., LimitedIndustrial and Commercial Bank of China LimitedIndustrial Bank Co., Ltd.Nanyang Commercial Bank Limited Principal Share Registrar and Transfer Office Ocorian Trust (Cayman) LimitedWindard 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindard 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Corporate Information Branch Share Registrar and Transfer Office inHong Kong 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Securities Code 952,000 StockHKEx: 95Board Lot: 2,000 shares www.lvgem-china.com Websitewww.lvgem-china.com Management Discussion and Analysis Industry Review 2.7%59.35.5% The Chinese economy has made its way past the halfway point in 2023. Duringthe period under review, the international situation remained complicatedand grim. The Organisation for Economic Co-operation and Developmentlowered its forecast of global economic growth to approximately 2.7%,indicating a continued bleak outlook for robust global economic recovery.Turning the attention back to the domestic economy in China, as nationalproduction returned to normalcy with accelerated development of a neweconomic pattern, a general improvement can be seen in major indicators.Benefited from the Central Government’s general principle of seekingprogress while maintaining stability, and driven by the combined effects ofthe release of backlog demands from previous periods, support of favorablegovernment policies and the low base effect, China’s macro economy hasshown a prominent trend of restorative growth. According to the data of theNational Bureau of Statistics, the gross domestic product (“GDP”) for the firsthalf of 2023 reached approximately RMB59.3 trillion, representing a year-on-year increase of approximately 5.5% at constant prices. As such, Chinademonstrated sustained momentum for macro-economic recovery. 5.867.9%4.447.3%5.955.3%6.31.1%3.7% In the first half of 2023, the real estate industry, an important pillar of thenational economy, continued to benefit from relaxed policies that have beenimplemented since the end of last year. Taking an obviously supportive yetrestrained policy stance, the Central Government strived to foster synergisticdevelopment by “stimulating demands, preventing risks, safeguarding people’slivelihood, transforming industry models and promoting standardization”, witha view to facilitating the bottom out and stabilisation of the real estate industry.However, after a temporary boom in the first quarter, the industry suffered froma slump in growth momentum as no signs of significant improvement can beseen with respect to the weakening demand for housing loans from residentsand