金地商置2023年报

Gemdale Properties and Investment Corporation Limited金地商置集團有限公司* (Incorporated in Bermuda with limited liability)（於百慕達註冊成立之有限公司） (Stock Code股份代號: 535) * For identification purpose only 僅供識別 Contents Corporate Information2Chairman’s Statement4Management Discussion and Analysis7Financial Highlights7Financial Review8Five-year Financial Summary16Review of Operations17Profiles of Directors and Company Secretary20Corporate Governance Report24Statutory Reports and Financial Statements54Directors’ Report54Independent Auditor’s Report89Consolidated Statement of Profit or Loss99Consolidated Statement of Comprehensive Income100Consolidated Statement of Financial Position101Consolidated Statement of Changes in Equity104Consolidated Statement of Cash Flows106Notes to the Financial Statements109Particulars of Major Interests in Properties279 Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Ling KeMr. Huang Juncan(Chairman)Mr. Xu Jiajun(Chief Executive Officer)Mr. Wei Chuanjun(Chief Financial Officer) Non-executive Directors Mr. Loh Lian HuatMs. Zhang Feiyun Loh Lian Huat Independent Non-executive Directors Mr. Hui Chiu ChungMr. Chiang Sheung Yee, AnthonyMr. Xia Xinping COMMITTEES Audit Committee Mr. Xia Xinping(Chairman)Mr. Hui Chiu ChungMr. Chiang Sheung Yee, Anthony Nomination Committee Mr. Huang Juncan(Chairman)Mr. Hui Chiu ChungMr. Chiang Sheung Yee, Anthony Remuneration Committee Mr. Hui Chiu Chung(Chairman)Mr. Xia XinpingMr. Xu Jiajun COMPANY SECRETARYMr. Wong Ho Yin REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda 2Gemdale Properties and Investment Corporation Limited Corporate Information HEAD OFFICE AND PRINCIPAL PLACE OF BUSINESSIN HONG KONG 2819 19/F, Central Tower28 Queen’s Road CentralCentralHong Kong PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE MUFG Fund Services (Bermuda) Limited4th Floor, North Cedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor, North Cedar House41 Cedar AvenueHamilton HM 12Bermuda B R A N C HS H A R E R E G I S T R A R A N D T R A N S F E ROFFICE IN HONG KONG 1617 Tricor Standard Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong AUDITORS Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor LEGAL ADVISERS Sidley AustinSit, Fung, Kwong & Shum PRINCIPAL BANKERS The Bank of East Asia, LimitedBank of Communications (Hong Kong) LimitedChong Hing Bank LimitedIndustrial Bank Co., Ltd. Hong Kong BranchStandard Chartered Bank (Hong Kong) Limited COMPANY WEBSITE http://www.gemdalepi.com http://www.gemdalepi.com STOCK CODE 535 535 Chairman’s Statement ChairmanHuang Juncan 20231231 I am pleased to present to shareholders the business review andoutlook of Gemdale Properties and Investment Corporation Limited(the “Company”), together with its subsidiaries (collectively the“Group”), for the year ended 31 December 2023. MARKET OVERVIEW 20235.2% In 2023, though facing new challenges and complex internationalcircumstances,the Chinese economy achieved a 5.2%growthrate,which was mainly supported by a substantial increase ininternalconsumption.Meanwhile,the real estate market hascontinued to experience a downward trend, mainly contributed byinsufficient demand and variable risks in difference areas. Thoughmany industry easing policies were introduced by various localgovernmentto stimulate demand,sales remained sluggish formost regions. BUSINESS REVIEW 2023 T h o u g hf a c i n g d i f f i c u l t m a r k e t e n v i r o n m e n t u n s e e n i ndecades,the Group devoted its very effort for stable growth,prudentinvestments,financial stability,costs reduction andsustainable development. Through tool-based and standardizeddecision-making systems, project investments, engineering, saleslaunchand delivery processes were streamlined to enhanceoperationsefficiencies.“Cashflow is King”is the core andutmost important principle to adhere to for the Group. The Groupadopted various measures to maximize its cash flow and maintainabalance between price and sales volume in 2023.It hassuccessfullyexplored various new long-term and low financingchannels during the year. 355.842%20233.490%20231231174.5 D u r i n gt h e y e a r ,t h e G r o u p a c h i e v e d c o n t r a c t e d s a l e sofRMB35.58 billion,a decrease of 42%as compared tocorresponding period last year. In 2023, the Group was proudtoannounce that we have delivered more than 34,000 qualityhousing units on schedule, with customer satisfaction above 90%. Chairman’s Statement The consolidated revenue of the Group for theyear ended 31December 2023 was RMB17.45 billion. The profit attributed to theshareholders of the Company was RMB343 million. Basic earningsper share was RMB0.0206 per share. 3.430.0206 2023 Thoughthe Group’s financial performance has been underpressure in 2023, it managed to be one of the