宝新置地年报2023

2023 CONTENTS目錄 Corporate InformationFive-Year Financial SummaryChairman’s StatementManagement Discussion and AnalysisDirectors and Key Personnel ProfilesReport of the DirectorsCorporate Governance ReportIndependent Auditor’s ReportConsolidated Statement of Profit or Loss andOther Comprehensive IncomeConsolidated Statement of Financial PositionConsolidated Statement of Changes in EquityConsolidated Statement of Cash FlowsNotes to the Consolidated Financial StatementsParticulars of Properties25715303554737880828486218 CORPORATE INFORMATION公司資料 Board of DirectorsExecutive DirectorsMr. Yao Jianhui(Chairman)Ms. Xia Lingjie(Chief Executive Officer) Non-Executive DirectorMs. Zhan Yushan Independent Non-Executive Directors Ms. He SuyingMr. Shi Fazhen(appointed on 31 July 2023)Dr. Tang Lai WahMr. Wong Chun Bong (resigned on 31 July 2023) Chief Executive OfficerMs. Xia Lingjie Chief Financial OfficerMr. Fong Ching Kong Company SecretaryMr. Fong Ching Kong Legal AdvisersCheung Yan & AssociatesDavid Fong & Co. Audit Committee Mr. Shi Fazhen#(appointed on 31 July 2023)Ms. He SuyingDr. Tang Lai WahMr. Wong Chun Bong (resigned on 31 July 2023) # # Development Committee Mr. Yao Jianhui#Ms. Xia LingjieMr. Fong Ching Kong # Investment Committee Mr. Yao Jianhui#Ms. Xia LingjieMs. Zhan Yushan CORPORATE INFORMATION公司資料 Nomination Committee # Mr. Shi Fazhen#(appointed on 31 July 2023)Mr. Yao JianhuiMs. He SuyingMr. Wong Chun Bong (resigned on 31 July 2023) # Risk Management Committee Mr. Yao Jianhui#Ms. Xia LingjieMs. Zhan Yushan # Salary Review Committee Ms. He Suying#Mr. Yao JianhuiDr. Tang Lai Wah Authorised RepresentativesMr. Yao JianhuiMr. Fong Ching Kong Auditor BDO LimitedCertified Public Accountants andRegistered Public Interest Entity AuditorHong Kong Principal Bankers Hong Kong and Shanghai Banking CorporationChina CITIC Bank Corporation LimitedChina Minsheng Bank Corp., Ltd.Bank of Communications Co., Ltd.Industrial and Commercial Bank of China LimitedChina Everbright Bank Company LimitedAgricultural Bank of China Limited Principal Place of Business in Hong Kong 301101002 Unit 1002, 10th Floor,Silvercord Tower 130 Canton RoadTsim Sha Tsui, KowloonHong Kong CORPORATE INFORMATION公司資料 Principal Share Registrar and Transfer Office Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman, KY1-1100Cayman Islands Registered Office Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Hong Kong Branch Share Registrar andTransfer Office 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Contacts Telephone:(852) 2598 8788Facsimile:(852) 2877 8080Website:http://www.hk0299.comEmail:info@hk0299.com (852) 2598 8788(852) 2877 8080http://www.hk0299.cominfo@hk0299.com 299 Stock Code299 Financial Calendar 30 August 202328 March 2024from 3 June 2024 to 6 June 20246 June 2024 Interim Results AnnouncementFinal Results AnnouncementShare Register closed forAnnual General MeetingAnnual General Meeting #Chairman # FIVE-YEAR FINANCIAL SUMMARY五年財務概要 For the year ended 31 December FIVE-YEAR FINANCIAL SUMMARY五年財務概要 For the year ended 31 December 主席報告 Dear Shareholders, I am pleased to present the annual report of Glory Sun Land GroupLimited (the “Company”) together with its subsidiaries (collectivelythe “Group”) for the year ended 31 December 2023 (the “Year”) (the“Report”). Industry and Market Overview 126.065.2% In 2023, the economy of the People’s Republic of China (the “PRC” or“China”) is facing external challenges such as global trade frictions,geopolitical risks and volatility of international financial markets, as wellas internal structural problems such as transformation and upgrading oftraditional industries and debt risks of local governments. In responseto these challenges, the PRC government has been actively advancingsupply-side structural reform, expanding effective demands, implementingprudent monetary policies and proactive fiscal policies, and resolving thestatus quo of excess capacity and structural imbalance through a seriesof measures to enhance the efficiency and competitiveness of the overalleconomy, thereby gradually easing the downward pressure on economicgrowth. The gross domestic product (GDP) for 2023 was RMB126.06trillion, representing a growth of approximately 5.2% year-on-year, withthe economy showing a positive trend of recovery. Over the past year, the PRC government strengthened the supervision ofreal estate enterprises, increased land supply, strictly controlled real estatedevelopment loans and restricted the financing of real estate marketwith high leverage ratio, which stimulated the rebound of the