易居企业控股2023年度报告

E-House (China) Enterprise Holdings Limited易居（中國）企業控股有限公司 （於開曼群島註冊成立的有限公司）Stock Code股份代號：2048(Incorporated in the Cayman Islands with limited liability) 中國創新的、基於房地產數據的房地產交易服務商 CONTENTS 2Corporate Information5Business Review and Outlook6Financial Highlights7Management Discussion andAnalysis15Director and SeniorManagement28Report of the Directors81Corporate Governance Report101Environmental, Social andGovernance Report151Independent Auditor’s Report 154Consolidated Statementof Profit or Loss and OtherComprehensive Income 156Consolidated Statementof Financial Position 158Consolidated Statement ofChanges In Equity 160Consolidated Statement ofCash Flows 163Notes to the ConsolidatedFinancial Statements 338Five Year Financial Summary 340Definitions 公 司 資 料CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Zhou Xin(Chairman)Mr. Huang CanhaoDr. Cheng Li-LanDr. Ding Zuyu Non-Executive Directors Ms. Jiang ShanshanDr. Yang YongMs. Xie Mei(resigned on 31 March 2023)Mr. Song Jiajun(appointed on 31 March 2023)Mr. Lv Peimei(resigned on 5 May 2023)Mr. Chen Daiping(appointed on 4 September 2023) 20233312023331202355202394 Independent Non-Executive Directors Mr. Zhang BangMr. Zhu HongchaoMr. Wang LiqunMr. Li Jin AUDIT COMMITTEE Mr. Zhang Bang(Chairman)Mr. Wang LiqunMr. Li Jin REMUNERATION COMMITTEE Mr. Zhu Hongchao(Chairman)Mr. Wang LiqunDr. Cheng Li-Lan NOMINATION COMMITTEE Mr. Zhou Xin(Chairman)Mr. Zhu HongchaoMr. Wang Liqun COMPANY SECRETARY Mr. Cheng Ching Kit AUTHORIZED REPRESENTATIVES Dr. Cheng Li-LanMr. Huang Canhao AUDITOR Zhonghui Anda CPA LimitedCertified Public Accountants REGISTERED OFFICE Maples Corporate Services LimitedPO Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands Maples Corporate Services LimitedPO Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands HEADQUARTERS 11/F, Yinli Building383 Guangyan Road, Jing’an DistrictShanghai 200072, China 38311200072 PRINCIPALPLACE OF BUSINESS IN HONGKONG 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWan Chai, Hong Kong 24840 LEGAL ADVISORS As to Hong Kong law and United States law Skadden, Arps, Slate, Meagher & Flom As to Cayman Islands law Maples and Calder (Hong Kong) LLP 公 司 資 料CORPORATE INFORMATION HONG KONG SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell CentreNo. 183 Queen’s Road EastWanchaiHong Kong 183171712-1716 P R I N C I P A LS H A R E R E G I S T R A R A N DTRANSFER OFFICE Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands PRINCIPAL BANKER Shanghai Pudong Development Bank Co., Ltd. (Nanhui Branch)China CITIC Bank (Shanghai Hongkou Branch)Bank of Communications (Shanghai Zhabei Branch)China Merchants Bank (Dongfang Branch) STOCK CODE 2048 2048 www.ehousechina.com COMPANY WEBSITE www.ehousechina.com BUSINESS REVIEW AND OUTLOOK BUSINESS REVIEW AND OUTLOOK 20232023202211.7%62.6%20.7%4.2%1.6% In2023,the PRC government issued a series of measures toencourage real estate purchase, including lowering the required downpaymentand mortgage interest rates and reduction in transactionrelated taxes. However, the real estate industry in China remained ina depressed state due to poor buyer sentiment and slower economicgrowth.This had led to many leading developers reporting sharpdecreases in sales volume in 2023 compared to 2022. Many of themcontinued to face serious liquidity constraints. The Group’s operationswerenegatively affected by this continued and unprecedentedindustrydownturn,resulting in a 11.7%year-on-year decrease intotal sales revenue. Revenues from real estate agency services in theprimary market decreased by 62.6%. Revenues from real estate dataandconsulting services decreased by 20.7%.Revenues from realestate brokerage network services decreased by 4.2%; and revenuesfrom digital marketing services decreased by 1.6%. 69.3%60.2% Amidthis challenging environment,the Group continued to focuson cost reduction and cash flow, and achieved a 69.3% year-on-yearreduction in total net loss and a 60.2% year-on-year decrease in netcash used in operating activities. During2023,the Company continued to work closely with itscreditors and advisors on the restructuring of its offshore debt (the“Restructuring”). However, as a result of the circumstances separatelydisclosed in the Company’s Announcements dated 13 March 2024and 28 March 2024 in relation to the Restructuring, the Companyhas concluded that the Restructuring will not come into effect. As of28 March 2024 (being the date of the annual results announcement)Companywas actively working with its financial adviser on analternative restructuring proposal and would provide an update to itscreditors as soon as possible and, in any event, by the end of April2024. 20232024313202432820243282