新城发展二零二三年年报

Annual ReportAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnuuuuuuuuuuuuuuuuuuuuuuuaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaalllllllllllllRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRReeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeppppppppppppppppppppppppppppppppppppppppppppppppppoooooooooooooooooooooooooooooooooooooooorrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrtttttttttttttttttttttttttttttttttttAAAAAAAAAAAnnnnnnnnn uuuuuuuuuualAAAAAAAAAAnnnnAAAAAAAAAAAAAAAAnnnnnnnnnRRRRRRRRRRRRRRReeeeeeeeeeeeeeeeeeeeeeeeepppppppppppRRRRRRRRepRRRRRRRRRRReeeeeeeepRRRRRRRRRRReeeeeeeeeeeeeeeeeeeeppRRRRRRRRRRReeeeeeeepuuuuuuuuuualRRRRRRRReeeeeeeeeeepppppppppppoooRRRReppRRRRRRRRRRRRRRReeeeeeeeeeeeeepppppppppppppppppppppppoooRRRRRRRRReeeeeeeepppppRRRRRRRRRRRRRRRRttttttttttrttttttttRRRRRRRReeeeeeeeeeeppppppppppppeeppppppeeeeeepppppp rttttttttttrttttttttttttttttttttttttttttttttttttttt CONTENTS 2Corporate Information5Financial Summary/Financial Review6Breakdown of Major Properties33Management Discussion and Analysis51Directors57Report of the Directors89Corporate Governance Report111Independent Auditor’s Report Consolidated Financial Statements •126Consolidated Statement of FinancialPosition•128Consolidated Statement of Profit orLoss•130Consolidated Statement ofComprehensive Income•131Consolidated Statement of Changesin Equity•133Consolidated Statement of CashFlows•135Notes to the Consolidated FinancialStatements Corporate Information BOARD OF DIRECTORS Executive Directors Mr. Lv XiaopingMr. Lu Zhongming Non-executive Directors 20232 16 Mr. Wang XiaosongMr. Qu Dejun(resigned on 16 February 2023)Mr. Zhang Shengman Independent Non-executive Directors Mr. Chen HuakangMr. Zhu ZengjinMr. Zhong Wei AUDIT COMMITTEE Mr. Chen Huakang(Chairman)Mr. Zhu ZengjinMr. Zhong Wei REMUNERATION COMMITTEE Mr. Zhu Zengjin(Chairman)Mr. Zhong WeiMr. Chen Huakang NOMINATION COMMITTEE Mr. Zhu Zengjin(Chairman)Mr. Lu ZhongmingMr. Zhong Wei ESG COMMITTEE ESG 20232 16 Mr. Wang Xiaosong(Chairman)Mr. Lv XiaopingMr. Qu Dejun(resigned on 16 February 2023)Mr. Zhang ShengmanMr. Lu Zhongming Corporate Information JOINT COMPANY SECRETARIES Ms. Zhang WanlingMs. Ng Sau Mei COMPANY’S WEBSITE www.seazengroup.com.cn www.seazengroup.com.cn AUTHORISED REPRESENTATIVES 99454503-7 Mr. Lu ZhongmingUnits 4503-7, 45/FThe Center99 Queen’s Road CentralHong Kong Ms. Ng Sau Mei31/F, Tower TwoTimes Square1 Matheson Street, Causeway BayHong Kong 131 REGISTERED OFFICE Grand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205, Cayman Islands Grand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205, Cayman Islands HEAD OFFICE 11/F, Seazen Holdings Tower BNo. 5, Lane 388, Zhongjiang Road, Putuo DistrictShanghaiPRC 3885B11 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 31/F, Tower TwoTimes Square1 Matheson Street, Causeway BayHong Kong 131 Corporate Information LEGAL ADVISERS As to Hong Kong law Jingtian & Gongcheng LLP As to Cayman Islands law Maples and Calder Maples and Calder AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, Prince’s BuildingCentralHong Kong 22 HONG KONG SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-171617th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong 183171712-1716 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Maples Fund Services (Cayman) LimitedP.O. Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedP.O. Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands LISTING INFORMATION 1030 Hong Kong Stock Code: 1030 Financial Summary/Financial Review Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Breakdown of Major Properties Management Discussion and Analysis BUSINESS OVERVIEW Property Development 202375,983968.789,737 In 2023, the Group recorded contracted sales of approximatelyRMB75,983 million. Contracted sales was approximately 9,687,800sq.m. in GFA. The aggregate contracted selling price (excluding carparkssales) for the year was RMB9,737 per sq.m.. 12023 Table 1: Details of contracted sales of the Group in 2023 The following table sets out the geographic breakdown of the Group’scontracted sales in 2023: 2023 Contrac