阳光100中国2022中期报告

CONTENTS 2Corporate Information4Chairman’s Statement6Management Discussion and Analysis46Corporate Governance50Disclosure of the Interests Information60Other Information64Condensed Consolidated Statement ofComprehensive Income66Condensed Consolidated Statement of FinancialPosition68Condensed Consolidated Statement of Changes ofEquity70Condensed Consolidated Statement of Cash Flows72Notes to the Condensed Consolidated FinancialStatements CORPORATE INFORMATION BOARD OF DIRECTORSExecutive DirectorsMr. Yi Xiaodi(Chairman)Mr. Fan Xiaochong(Vice Chairman) Non-executive DirectorsMs. Fan XiaohuaMr. Wang Gongquan Independent Non-executive DirectorsMr. Gu YunchangMr. Ng Fook Ai, VictorMr. Li Chunping AUDIT COMMITTEE Mr. Ng Fook Ai, Victor(Chairman)Mr. Gu YunchangMr. Li Chunping REMUNERATION COMMITTEE Mr. Li Chunping(Chairman)Mr. Fan XiaochongMr. Gu Yunchang NOMINATION COMMITTEE Mr. Yi Xiaodi(Chairman)Mr. Gu YunchangMr. Li Chunping COMPANY SECRETARYMr. Tsang Ho Yin COMPANY’S WEBSITEwww.ss100.com.cn www.ss100.com.cn AUTHORISED REPRESENTATIVESMr. Yi XiaodiMr. Tsang Ho Yin One Nexus Way,Camana Bay,Grand Cayman KY1-9005,Cayman Islands REGISTERED OFFICE One Nexus Way,Camana Bay,Grand Cayman KY1-9005,Cayman Islands 2D12100026 HEAD OFFICE12th Floor, Tower DNo. 2 Guang Hua RoadBeijing 100026PRC SUNSHINE 100 CHINA HOLDINGS LTD2022 INTERIM REPORT2 CORPORATE INFORMATION (Continued) PRINCIPAL PLACE OF BUSINESS IN HONG KONG 1539 39/F, Gloucester Tower, The Landmark15 Queen’s Road CentralCentralHong Kong LEGAL ADVISER 1533 Morrison & Foerster33/F, Edinburgh Tower, The Landmark15 Queen’s Road CentralCentralHong Kong AUDITOR 1842 Mazars CPA Limited42nd Floor, Central Plaza18 Harbour RoadWanchai, Hong Kong PRINCIPAL BANKS Bank of ChinaHua Xia BankChina Construction BankChina Everbright BankChina Merchants Bank HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 18317M Computershare Hong Kong Investor Services Limited17M Floor, Hopewell Centre183 Queen’s Road East,WanchaiHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2A,Block 3, Building D,P.O. Box 1586, Gardenia Court,Camana Bay, Grand Cayman,KY1-1100, Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A,Block 3, Building D,P.O. Box 1586, Gardenia Court,Camana Bay, Grand Cayman,KY1-1100, Cayman Islands LISTING INFORMATION 2608 Place of listing: The Stock Exchange of Hong Kong Limited(the “Stock Exchange”)Stock code: 2608 CHAIRMAN’S STATEMENT The board (the “Board”) of directors (the “Director(s)”) of Sunshine100 China Holdings Ltd (the “Company”, together with itssubsidiaries, the “Group”) would like to present the business reviewand outlook of the Group for the six months ended 30 June 2022 (the“Reporting Period”). 1002022630 Business Review and Outlook Business Review 2022 In the first half of 2022, under the general principle of “No Speculationin Housing”, the real estate industry policy makers further put forwardthe development keynote of stabilising land prices, stabilising houseprices and stabilising expectations, and promoting the virtuous cycleand healthy development of the real estate industry by implementingdifferent policies on different cities; several cities have successivelyintroduced easing policies for real estate. However, the frequentoccurrence of negative credit events in the real estate industry,combined with the repeated impact of the COVID-19 epidemic andother impacts, as well as the lack of confidence in the real estateindustry from the market, resulted in a wait-and-see sentiment at themarket and financing side, and slow implementation of various policiesintroduced by the governments and regulators. 202267659,315 The Company was also faced with unprecedented difficulties inthe first half of 2022. Under the influence of the macroeconomicenvironment, the policy regulation in the real estate industry andthe overlapping of multiple rounds of epidemics both domesticallyand internationally, the Company’s liquidity continued to be tight.Due to the funding pressure and timing of project development andconstruction, the contracted sales dropped significantly during theReporting Period, with contracted sales of only approximately RMB676million and contracted sales area of approximately 59,315 squaremetres. Revenue for the first half of 2022 was RMB1,193.0 million,representing a decrease of 64.9% compared to the same period in2021, and gross profit for the first half of 2022 was RMB197.7 million,representing a decrease of 68.2% compared to the same periodin 2021. The decrease in gross profit from delivery of propertiescompared to last year and the increase in financing expenses, aswell as the adverse impact from the recurring outbreak of COVID-19epidemic in the Reporting Period, resulted in the recognition of a lossof RMB837.8 million in the Reporting Period. 20221,193.0202164.9%2022197.7202168.2%837.8 CHAIRMAN’S STATEMENT (Continued) Outlook 2022 Looking forwar