万城控股2023年报

(Incorporated in the Cayman Islands with limited liability)Stock code: 2892 CORPORATE I NFORMATION公 司 資 料 董 事 會 BOARD OF DIRECTORSExecutive Directors 執 行 董 事BBS, JPBBS, MH, JP Mr. Wong Ting ChungBBS, JP(Chairman)Mr. Lau Ka KeungBBS, MH, JP(Chief Executive Officer)Mr. Li Wa Tat, Benedict 獨 立 非 執 行 董 事GBS, JPMH, JP Independent non-executive Directors Mr. Ip Shu Kwan, StephenGBS, JPMr. Li YinquanMr. Chan Hiu Fung, NicholasMH, JP 董 事 委 員 會審 計 委 員 會GBS, JPMH, JP BOARD COMMITTEESAudit Committee Mr. Li Yinquan(Chairman)Mr. Ip Shu Kwan, StephenGBS, JPMr. Chan Hiu Fung, NicholasMH, JP 薪 酬 委 員 會 Remuneration Committee MH, JPBBS, JPBBS, MH, JPGBS, JP Mr. Chan Hiu Fung, NicholasMH, JP (Chairman)Mr. Wong Ting ChungBBS, JPMr. Lau Ka KeungBBS,MH, JPMr. Li YinquanMr. Ip Shu Kwan, StephenGBS, JP 提 名 委 員 會 Nomination Committee GBS, JPBBS, JPBBS, MH, JPMH, JP Mr. Ip Shu Kwan, StephenGBS, JP (Chairman)Mr. Wong Ting ChungBBS, JPMr. Lau Ka KeungBBS, MH, JPMr. Li YinquanMr. Chan Hiu Fung, NicholasMH, JP 執 行 委 員 會 Executive Committee BBS, MH, JPBBS, JP Mr. Lau Ka KeungBBS, MH, JP (Chairman)Mr. Wong Ting ChungBBS, JPMr. Li Wa Tat, Benedict 公 司 秘 書 COMPANY SECRETARYMr. Li Wa Tat, Benedict 授 權 代 表BBS, MH, JP AUTHORISED REPRESENTATIVESMr. Lau Ka KeungBBS, MH, JPMr. Li Wa Tat, Benedict 開 曼 群 島註 冊 辦 事 處 REGISTERED OFFICE IN THECAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681, Grand CaymanKY1-1111, Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681, Grand CaymanKY1-1111, Cayman Islands 香 港 總 部 及主 要 營 業 地 點 HEADQUARTER AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG Unit D, 21/F., Block 1Tai Ping Industrial Centre57 Ting Kok Road,Tai Po, New Territories,Hong Kong 5721D 開 曼 群 島主 要 股 份 過 戶 登 記 處 CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681, Grand CaymanKY1-1111, Cayman Islands Conyers Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681, Grand CaymanKY1-1111, Cayman Islands 香 港 證 券 登 記 處 HONG KONG SHARE REGISTRAR 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong 核 數 師 AUDITOR 108 Public Interest Entity Auditor registered in accordance withthe Financial Reporting Council Ordinance8/F., Prince’s Building10 Chater RoadCentral, Hong Kong 法 律 顧 問 LEGAL ADVISER 140 Chiu & Partners40/F, Jardine House1 Connaught PlaceHong Kong 主 要 往 來 銀 行 PRINCIPAL BANKERSHang Seng Bank LimitedThe Bank of East Asia, Limited 股 份 代 號2892 STOCK CODE2892 本 公 司 網 站http://www.millioncities.com.cn WEBSITE OF THE COMPANYhttp://www.millioncities.com.cn FINANCIAL H I G H L I G H TS財 務 摘 要 CHAIRMAN’S STATEMENT主 席 報 告 20231231 On behalf of the Board, I hereby present the annual report ofthe Group for the year ended 31 December 2023. 市 場 回 顧 MARKET REVIEW 20235.2% Inspite of the complicated international circumstances anddomestic recovery difficulties during the year of 2023, China’scentralgovernment continued to dedicate solid efforts tostrengtheneconomic development and stimulate domesticdemandthrough various effective measures.As a result,China’s gross domestic product (GDP) demonstrated a stablegrowth rate by approximately 5.2% year-on-year. 202311.217.7%12.5%11.7202311.116.6% However, China’s real estate industry is still in an adjustmentcycleundergoing market downtrend and changes in marketsupply and demand dynamics. The recovery in confidence ofthe real estate industry is slow both in the buyer market andthe capital market, leading to diminishing demand and potentialliquidity risks respectively. In the year of 2023, the total salesarea of commercial housing amounted to approximately 1.12billion square meters, representing a decrease of approximately17.7%as compared with the previous year.In terms ofmonetaryvalue,the sales volume of commercial housingdecreasedby approximately 12.5%year-on-year toapproximately RMB11.7 trillion. Besides, the total investment inthereal estate sector in the year of 2023 amounted toapproximatelyRMB11.1 trillion,representing a year-on-yeardecrease of approximately 16.6%. The statistical data illustratedthatthe sales and investment performance of real estatemarket continued to be weaken. 202316202412 Toease the financial strain of the real estate sector,thePeople’sBank of China and the Administration of FinancialRegulation jointly issued a notice in mid of 2023 to extend theapplicableperiod for two of the“16 Supportive FinancialMeasures” to the end of December 2024, providing guidanceto financial institutions to continue to extend the maturity of theexistingloans of real estate enterprises and to increase thefinancial support for guaranteed delivery of housing. It aims atsatisfyingthe industry’s reasonable financing needs andcreating a relatively favorable financial environment t