禹洲集团二零二三年年报

(Incorporated in the Cayman Islands with limited liability)(於開曼群島註冊成立的有限公司）Stock Code 股份代號：01628.HK 30thFORGE AHEAD 2023年 報ANNUAL REPORT Contents目錄 96Independent Auditor’s Report獨立核數師報告106Financial Statements財務報表261Five Years Financial Summary五年財務概要263Schedule of Major Properties主要物業一覽表4Corporate Information公司資料8Chairman’s Statement主席報告14Management Discussion and Analysis管理層之討論及分析49Investor Relations投資者關係53Directors’ Biographies董事簡介58Report of the Directors董事會報告79Corporate Governance Report企業管治報告 Corporate Information公司資料 EXECUTIVE DIRECTORS Ms. Kwok Ying LanMr. Lin Conghui NON-EXECUTIVE DIRECTORS 20233 3120233 31 Mr. Lam Lung OnMr. Song Jiajun (was appointed as Non-executive Directoron March 31, 2023)Ms. Xie Mei (has resigned on March 31, 2023) INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Lam Kwong SiuMr. Wee Henny Soon ChiangMr. Yu Shangyou AUDIT COMMITTEE Mr. Wee Henny Soon Chiang(Chairman)Mr. Lam Kwong SiuMr. Yu Shangyou REMUNERATION COMMITTEE Mr. Lam Kwong Siu(Chairman)Ms. Kwok Ying LanMr. Wee Henny Soon Chiang Corporate Information (Continued)公司資料（續） NOMINATION COMMITTEE Mr. Lam Kwong Siu(Chairman)Ms. Kwok Ying LanMr. Wee Henny Soon Chiang SUSTAINABILITY COMMITTEE Ms. Kwok Ying Lan(Chairman)Mr. Lam Lung OnMr. Lin Conghui COMPANY SECRETARYMr. Chiu Yu Kang AUTHORIZED REPRESENTATIVES Mr. Lam Lung OnMs. Kwok Ying Lan REGISTERED OFFICE Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Corporate Information (Continued)公司資料（續） PRINCIPAL ADMINISTRATION ANDMANAGEMENT CENTERS IN THE PRC 299 Yuzhou Plaza299 Jingang RoadPudong New DistrictShanghaiPeople’s Republic of China Yuzhou PlazaKeyuan North RoadNanshan DistrictShenzhenPeople’s Republic of China PRINCIPAL PLACE OF BUSINESS INHONG KONG 99585801-02 Units 5801-02, 58/FThe Center99 Queen’s Road CentralCentralHong Kong https://yuzhou-group.com/ COMPANY’S WEBSITEhttps://yuzhou-group.com/ PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Royal Bank of Canada Trust Company (Cayman) Limited4th Floor, Royal Bank House24 Shedden Road, George TownGrand Cayman KY1-1110Cayman Islands Royal Bank of Canada Trust Company (Cayman) Limited4th Floor, Royal Bank House24 Shedden Road, George TownGrand Cayman KY1-1110Cayman Islands Corporate Information (Continued) 公司資料（續） HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong Kong AUDITOR 819 1903A-1905 Prism Hong Kong and Shanghai LimitedRegistered Public Interest Entity AuditorUnits 1903A-1905, 19/F, 8 Observatory RoadTsim Sha Tsui, Kowloon, Hong Kong LEGAL ADVISORS Conyers Dill & Pearman Paul Hastings (as to Hong Kong law)Conyers Dill & Pearman (as to Cayman Islands law) PRINCIPAL BANKERS Industrial and Commercial Bank of ChinaChina Construction Bank CorporationAgricultural Bank of ChinaBank of ChinaBank of China (Hong Kong)Hongkong and Shanghai Banking CorporationHang Seng BankChina CITIC Bank International Chairman’s Statement主席報告 Dear Shareholders, 202312 31 On behalf of the board of directors of Yuzhou Group HoldingsCompany Limited (“Yuzhou Group” or the “Company”), I ampleased to present the annual results of the Company and itssubsidiaries (the “Group”) for the year ended December 31, 2023for your review. 2023L2023202312284.2610%202325.7416.672023116,6226.5%6.0% In 2023, the macro economy of the People’s Republic of Chinainitially saw a positive development stimulated by the releaseof pandemic control measures at the beginning of the year,then gradually stepped towards a weak recovery trend due toinsufficient demand, and eventually stabilized towards the endof the year, which depicted an L-shaped trajectory. Throughoutthe year, the development trend of the real estate industry wasgenerally consistent with that of the macroeconomic situation. The“short-lived resurgence” in the first quarter stimulated optimism andpositive expectations for the future market. However, economicgrowth in the second and third quarters fell below expectations,leading to a decline in the real estate sales market. Finally, it hasbeen difficult to change the downward trend throughout the yearthough the stabilization trend occurred at the end of the fourthquarter. Active measures have been taken by the central and localgovernments in 2023, such as implementing policies like “grantingfavorable mortgage terms to first-home buyers based on theirproperty ownership status rather than their mortgage history”,reducing the minimum down payment ratio and loan interest rates,and lowering taxes related to property transactions, to enhancemarket confidence and promote healthy and stable industrydevelopment. Nevertheless, residents’ expectations for their incomebecame unclear. Driven by cautious consumption concepts,residents’ willingness to purchase houses was suppressed, leadingto continued