宝新置地2023 中期业绩报告

INTERIM REPORT http://www.hk0299.com CONTENTS Corporate Information Management Discussion and Analysis5 Corporate Governance and Other Information13 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income21 Condensed Consolidated Statement of Financial Position23 Condensed Consolidated Statement of Changes in Equity25 Condensed Consolidated Statement of Cash Flows27 Notes to the Condensed Consolidated Interim Financial Statements29 CORPORATE INFORMATION Board of Directors Executive DirectorsMr. Yao Jianhui(Chairman)Ms. Xia Lingjie(Chief Executive Officer) Non-Executive DirectorMs. Zhan Yushan Independent Non-Executive Directors Ms. He SuyingMr. Shi Fazhen(appointed on 31 July 2023)Dr. Tang Lai WahMr. Wong Chun Bong(resigned on 31 July 2023) Chief Executive Officer Ms. Xia Lingjie Chief Financial OfficerMr. Fong Ching Kong Company SecretaryMr. Fong Ching Kong • Legal Advisers Baker & McKenzieDavid Fong & Co. Audit Committee # Mr. Shi Fazhen#(appointed on 31 July 2023)Ms. He SuyingDr. Tang Lai WahMr. Wong Chun Bong(resigned on 31 July 2023) Development Committee # Mr. Yao Jianhui#Ms. Xia LingjieMr. Fong Ching Kong Investment Committee # Mr. Yao Jianhui#Ms. Xia LingjieMs. Zhan Yushan Nomination Committee # Mr. Shi Fazhen#(appointed on 31 July 2023)Mr. Yao JianhuiMs. He SuyingMr. Wong Chun Bong(resigned on 31 July 2023) Risk Management Committee # Mr. Yao Jianhui#Ms. Xia LingjieMs. Zhan Yushan Salary Review Committee # Ms. He Suying#Mr. Yao JianhuiDr. Tang Lai Wah Authorised Representatives Mr. Yao JianhuiMr. Fong Ching Kong Auditor BDO LimitedCertified Public Accountants andRegistered Public Interest Entity AuditorHong Kong Principal Bankers Hong Kong and Shanghai Banking CorporationChina CITIC Bank Corporation LimitedChina Minsheng Bank Corp., Ltd.Industrial and Commercial Bank of China LimitedChina Everbright Bank Company LimitedAgricultural Bank of China Limited Principal Place of Business in Hong Kong 301101002 Unit 1002, 10th Floor,Silvercord Tower 130 Canton RoadTsim Sha Tsui, KowloonHong Kong Principal Share Registrar and Transfer Office Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands Registered Office Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Hong Kong Branch Share Registrar andTransfer Office 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Contacts (852) 2598 8788(852) 2877 8080http://www.hk0299.cominfo@hk0299.com Telephone:(852) 2598 8788Facsimile:(852) 2877 8080Website:http://www.hk0299.comEmail:info@hk0299.com Stock Code 299 299 #Chairman# MANAGEMENT DISCUSSION AND ANALYSIS INDUSTRY AND MARKET OVERVIEW (GDP)5.5% 2023 was a year when the impact of the Covid-19 pandemic wassubsiding and the economic order was gradually restored. However, theglobal economy generally saw sluggish recovery with high worldwideinflation, and the tightening spillover effect brought by monetary policiesin major economies has become increasingly significant. Despite theexternal environment of intensifying downward pressure on the worldeconomy and complicated international situation, the PRC societyresumed normal operation in all respects in the first half of the year withan overall positive general economic trend, resulting in a year-on-yearincrease of 5.5% in China’s gross domestic product (GDP). However,as the foundation for sustainable recovery and development of the PRCeconomy remains unstable, coupled with weaker external and domesticdemand as well as periodic problems and structural issues, the currenteconomy has to be under pressure in transiting to new momentum andexperiencing structural transformation. 58,5507.9%791,5486.6%49,88024.3%59,5155.3% In the first half of 2023, the PRC real estate market continued to bein a period of intensive adjustment. From a policy perspective, thecentral government clearly positioned the real estate industry as a pillar,and emphasized guiding market expectations to restore and optimizecentralized land supply and other systems, so as to adapt to the currentmarket environment. Thereafter, local governments have releaseda number of favourable policies to stimulate demand, and variousmeasures to “stabilize the pillar, promote demand and prevent risks” havebeen gradually put in place. For the financial sector, it was proposedthat there was room for marginal improvement in respect of the policiessuccessively introduced in the stage of long-term market overheating inthe past, therefore, the policy would focus on preventing and defusingthe risks of real estate enterprises this year. In particular, city-spe