浦江中国2023年报

Stock Code1417(Incorporated in the Cayman Islands with limited liability) 2023Annual Report CONTENTS 2Financial Highlights3Definitions10Corporate Information12The Group13Environmental, Social and GovernanceReport113Chairman’s Statement117Management Discussion and Analysis129Directors and Senior Management144Corporate Governance Report167Report of the Directors194Independent Auditor’s Report203Consolidated Statement of Profit or Loss204Consolidated Statement of ComprehensiveIncome205Consolidated Statement of Financial Position207Consolidated Statement of Changes inEquity209Consolidated Statement of Cash Flows212Notes to Financial Statements352Five Years Financial Summary FINANCIAL HIGHLIGHTS * Inthis annual report,unless the context otherwiserequires, the following terms and expressions shall havethe meanings set out below. The English translation ofcompany names in Chinese or another language whichare marked with “*” for identification purposes only. AnhuiBund Property Management Company Limited*(),a limited liability company established in the PRC on26 December 2005, which was a non wholly-owned subsidiary of theCompany and indirectly owned as to 51% by the Company and as to49%by Anhui Wan Tou Property Company Limited*(), a connected person of the Company at the subsidiarylevel until the Company disposed of its entire interest in December 2020.Please refer to the Company’s announcement dated 22 December 2020for further details DEFINITIONS Hong Xin Environmental Group Company Limited* () , a limited liability company established in the PRC on 5 July 2000,a non-wholly owned subsidiary of the Company and is indirectly ownedas to 51% by the Company and as to 49% by Independent Third Parties20007551%49% DEFINITIONS DEFINITIONS CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Mr. Xiao Xingtao(Chairman)Mr. Fu QichangMr. Xiao YuqiaoMs. Wang Hui Non-executive DirectorsMr. Zhang Yongjun Independent non-executive Directors Mr. Cheng DongMr. Weng GuoqiangMr. Shu Wa Tung Laurence AUDIT COMMITTEE Mr. Shu Wa Tung Laurence(Chairman)Mr. Cheng DongMr. Weng Guoqiang REMUNERATION COMMITTEE Mr. Cheng Dong(Chairman)Mr. Fu QichangMr. Xiao YuqiaoMr. Shu Wa Tung LaurenceMr. Weng Guoqiang NOMINATION COMMITTEE Mr. Xiao Xingtao(Chairman)Mr. Fu QichangMr. Cheng DongMr. Shu Wa Tung LaurenceMr. Weng Guoqiang HEADQUARTER IN THE PRC 2814 14th Floor, Jiushi Tower28 South Zhongshan RoadShanghai, PRC PRINCIPAL PLACE OF BUSINESSIN HONG KONG 3485 5/F Manulife Place,348 Kwun Tong Road, Hong Kong CORPORATE INFORMATION COMPANY SECRETARY Ms. Cheung Kam Mei, HelenMr. Cai Yufei AUTHORISED REPRESENTATIVESMr. Xiao YuqiaoMr. Cai Yufei LEGAL ADVISERSCheung & Choy, Solicitors & Notaries AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong PRINCIPAL BANKERS Shanghai Pudong Development Bank Co., Ltd.Bank of China (Hong Kong) Limited PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMANISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareP.O. Box 2681Grand Cayman, KY1–1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareP.O. Box 2681Grand Cayman, KY1–1111Cayman Islands 1617 HONG KONG BRANCH SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong www.riverinepm.com WEBSITE ADDRESSwww.riverinepm.com 1417.hk SECURITIES CODEEquity: 1417.hk ir@ppmc.com.cn COMPANY ENQUIRESEmail: ir@ppmc.com.cn THE GROUP The Group is a comprehensive provider of urban publicser vicesin the PRC and is mainly engaged in theprovision of property management service for high-endnon-residential properties, leases services of commercialbuildings, catering services and integrated urban sanitaryservices in the PRC. (i)(ii)(iii)(iv) T h eG r o u p p r o v i d e s a w i d e r a n g e o f p r o p e r t ymanagementservices and value-added services to avarietyof properties.The properties managed by theGroupcan generally be classified into four categoriesbasedon nature and usage,which are comprised of(i)public properties(including public arenas such asculturalvenues,stadiums,exhibition halls and publictransportation properties such as rail station and airportetc.); (ii) commercial establishments (including shoppingmalls, hotels, commercial and entertainment complexes)and office buildings; (iii) residential properties; and (iv)others(including schools,land parcels,industrial areasand properties under construction). T h ei n t e g r a t e d u r b a n s a n i t a r y s e r v i c e s i n c l u d eroadcleaning,refuse classification,collec tion andtransportation and maintenance of public environmentalsanitaryfacilities such as public toilets and garbagecontainers. ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT ABOUT THIS REPORT Introduction to the Report RiverineChina Holdings Limited(“Riverine China”,the“Company”,and together with its subsidiaries,“we”orthe“G