嘉创地产2023/24 中期报告

INTERIM REPORT2023/24 CORPORATE INFORMATION REGISTERED OFFICE Cricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Cricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS 611–6199C Block C, 9th FloorSoutheast Industrial Building611–619 Castle Peak RoadTsuen WanNew TerritoriesHong Kong www.krpd.com.hk WEBSITEwww.krpd.com.hk DIRECTORS Executive DirectorsMr. HO Man Chung(Chief Executive Officer)Mr. HO Wai Hon, BrianMs. YIU Yuet FungMr. ZHU Nianhua Non-executive DirectorMr. HO Cheuk Fai(Chairman) Independent Non-executive DirectorsMr. CHOI Wai HinMr. HO Lai HongDr. LO Yung Fong AUDIT COMMITTEE Mr. CHOI Wai Hin(Chairman)Mr. HO Lai HongDr. LO Yung Fong REMUNERATION COMMITTEE Dr. LO Yung Fong(Chairman)Mr. HO Wai Hon, BrianMr. CHOI Wai HinMr. HO Lai Hong NOMINATION COMMITTEE Mr. HO Lai Hong(Chairman)Mr. HO Wai Hon, BrianMr. CHOI Wai HinDr. LO Yung Fong COMPANY SECRETARYMr. WONG Ho Kwan AUDITOR 108 KPMGCertified Public AccountantsPublic Interest Entity Auditor registered in accordance withthe Accounting and Financial Reporting Council Ordinance8th Floor Prince’s Building10 Chater RoadCentral, Hong Kong LEGAL ADVISER 153232033207 Jingtian & Gongcheng LLPSuites 3203–3207, 32/FEdinburgh Tower, The Landmark15 Queen’s Road CentralHong Kong PRINCIPAL BANKERSHang Seng Bank LimitedAgricultural Bank of China Limited PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DrivePO Box 2681Grand CaymanKY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedRooms 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong UNAUDITED CONSOLIDATED STATEMENT OF PROFIT ORLOSS For the six months 30 September 2023(Expressed in Renminbi (“RMB”) The accompanying notes are an integral part of this interimfinancialreport.Details of dividends payable to equityshareholders of the Company are set out in note 13. UNAUDITED CONSOLIDATED STATEMENT OF PROFIT ORLOSS AND OTHER COMPREHENSIVE INCOME For the six months 30 September 2023(Expressed in RMB) UNAUDITED CONSOLIDATED STATEMENT OF FINANCIALPOSITION As at 30 September 2023(Expressed in RMB) UNAUDITED CONSOLIDATED STATEMENT OF CHANGES INEQUITY For the six months ended 30 September 2023(Expressed in RMB) UNAUDITED CONSOLIDATED STATEMENT OF CHANGES INEQUITY(continued) (Expressed in RMB)For the six months ended 30 September 2023 UNAUDITED CONSOLIDATED CASH FLOW STATEMENT For the six months ended 30 September 2023(Expressed in RMB) NOTES TO THE UNAUDITEDCONSOLIDATED INTERIMFINANCIAL REPORT (Expressed in RMB unless otherwise indicated) 1 1GENERAL INFORMATION KRP Development Holdings Limited (the “Company”)w a si n c o r p o ra t e d i n t h e C a y m a n I s l a n d s o n 2September 2020 as an exempted company with limitedliability under the Companies Law Cap.22 (Law 3 of1961, as consolidated and revised) of the CaymanIslands. 223 The shares of the Company have been listed on theMainBoard of The Stock Exchange of Hong KongLimited(the“Stock Exchange”)with effect from23 March 2023, after the successful spin-off of theCompany from the previous ultimate holding company,Karrie International Holdings Limited (“KIHL”) which isincorporated in Bermuda with its shares listed on theStock Exchange. The Company is an investment holding company. TheCompany and its subsidiaries (together, “the Group”)areprincipally engaged in development and salesof residential properties in Dongguan, Huizhou andFoshan. 34 This interim financial report has been prepared inaccordance with the applicable disclosure provisionsof the Rules Governing the Listing of Securities onThe Stock Exchange of Hong Kong Limited, includingcompliancewith Hong Kong Accounting Standard(“HKAS”) 34,Interim financial reporting , issued by theHong Kong Institute of Certified Public Accountants( “H K I C PA” ).I t w a s a u t h o r is e d f o r is s u e o n 27November 2023. 2 2BASIS OF PREPARATION 3 T heinterim f inancial rep or t has b een preparedinaccordance with the same accounting policiesadopted in the annual financial statements for theyear ended 31 March 2023, except for the accountingpolicy changes that are expected to be reflected inthe annual financial statements for the year ended31 March 2024. Details of any changes in accountingpolicy are set out in note 3. 2 2BASIS OF PREPARATION(continued) Thepreparation of an interim financial repor t inconformity with HK AS 34 requires management tomake judgements, estimates and assumptions thataffect the application of policies and reported amountsof assets and liabilities, income and expenses on ayear to date basis. Actual results may differ from theseestimates. 34 This interim financial report