德信中国中期报告 2023

德信中國控股有限公司Dexin China Holdings Company Limited(於開曼群島註冊成立的有限公司) (Incorporated in the Cayman Islands with limited liability) 股票代號Stock Code:2019 Corporate Information2Management Discussion and Analysis5Supplementary Information56Report on Review of Interim Financial Information64Interim Condensed Consolidated Income Statement66Interim Condensed Consolidated Statement of Comprehensive Income67Interim Condensed Consolidated Balance Sheet68Interim Condensed Consolidated Statement of Changes in Equity70Interim Condensed Consolidated Statement of Cash Flows72Notes to the Interim Condensed Consolidated Financial Information74 CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Executive Directors 2023629 Mr. Hu Yiping(Chairman)Mr. Fei ZhongminMs. Shan Bei(resigned on 29 June 2023) Non-executive Director Mr. Hu Shihao Independent Non-executive Directors Chen Hengliu Dr. Wong Wing Kuen AlbertMr. Ding JiangangMr. Chen Hengliu AUDIT COMMITTEE Dr. Wong Wing Kuen Albert(Chairman)Mr. Ding JiangangMr. Hu Shihao REMUNERATION COMMITTEE Chen Hengliu Mr. Ding Jiangang(Chairman)Mr. Chen HengliuMr. Fei Zhongmin NOMINATION COMMITTEE Chen Hengliu Mr. Hu Yiping(Chairman)Mr. Ding JiangangMr. Chen Hengliu AUTHORIZED REPRESENTATIVES 20236 292023629 Mr. Hu Yiping(appointed on 29 June 2023)Ms. Chau Hing LingMs. Shan Bei(resigned on 29 June 2023) CORPORATE INFORMATION公司資料 COMPANY SECRETARY Ms. Chau Hing Ling REGISTERED OFFICE Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTERS IN THE PRC 588 Dexin GroupNo. 588 Huanzhan East RoadJianggan DistrictHangzhouZhejiang, PRC PRINCIPAL PLACE OF BUSINESS INHONG KONG 26121202 Room 120212/F, China Resources Building26 Harbour RoadWanchaiHong Kong THE CAYMAN ISLANDS PRINCIPALSHARE REGISTRAR AND TRANSFEROFFICE Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands CORPORATE INFORMATION公司資料 HONG KONG BRANCH SHAREREGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong PRINCIPAL BANKS Industrial and Commercial Bank of ChinaBank of ChinaBank of CommunicationsChina CITIC Bank LEGAL ADVISERS As to Hong Kong law: Paul Hastings As to PRC law:Commerce & Finance Law Offices As to Cayman Islands law: Conyers Dill & Pearman Conyers Dill & Pearman AUDITOR 810 Elite Partners CPA LimitedCertified Public Accountants10/F, 8 Observatory RoadTsim Sha TsuiKowloon, Hong Kong COMPANY’S WEBSITE http://www.dothinkgroup.com http://www.dothinkgroup.com MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析 GENERAL OVERVIEW 2023 In the first half of 2023, inflation was suppressed to a certain extentunderthe continuous interest rate increase in economies such asEurope and the United States, while the global supply chain problemscausedby the COVID-19 pandemic basically gradually returned tonormal, the energy supply problems in Europe also eased, and thedownward trend of the global economy also slowed down, but thecharacteristics of the recovery were clearly differentiated. The servicesector in the United States and the euro zone has performed betterthan the manufacturing sector, and the global service sector is in arecovery cycle, while the inventory backlog inhibits the release of newdemand, and the performance of the manufacturing sector is draggingdown the economic recovery in the United States and the euro zone.Overall, it is expected that the European and American central bankswill continue to maintain high interest rates in the short term, and theliquidity and financing environment will continue to tighten, which willhave a greater impact on investment, financing and consumption. 2023(GDP)5.5%20236.311.1%5.955.3%5.867.9%4.9924.3%3.3919.0%202316 Inrespect of the domestic economy,stimulated by a series ofeconomicmeasures taken by the central government,the grossdomestic product (GDP) growth in the first half of 2023 amounted to5.5%. In respect of real estate sales, according to the National BureauofStatistics of the PRC,the total sales of commercial propertiesin the PRC in the first half of 2023 amounted to RMB6.31 trillion,representing a period-on-period increase of 1.1%; and the sales areawas0.595 billion square meters,representing a period-on-perioddecrease of 5.3%. In terms of investment in real estate development,investment amounted to RMB5.86 trillion, representing a period-on-period decrease of 7.9%; the area of new construction was 0.499billionsquare meters,representing a period-on-period decrease of24.3%;and the area of completed construction was 0.339 billionsquare meters, representing a period-on-period increase of 19.0%.The real estate market continued to face various severe challenge