华南城2023年报

(incorporated in Hong Kong with limited liability) AnnualReport2023 CONTENTS 2Corporate Information4Project Overview22FY2023 Major Events2023 24Financial Highlights26Chairmen’s Statement30Management Discussion and Analysis Consolidated Financial Statements 48Project Portfolio 161Independent Auditor’s Report165Consolidated Statement of Profit or Loss166Consolidated Statement of Comprehensive Income167Consolidated Statement of Financial Position169Consolidated Statement of Changes in Equity172Consolidated Statement of Cash Flows175Notes to Financial Statements 56Biographical Details of Directors and KeyManagement 69Report of the Directors 97Corporate Governance Report 112Environmental, Social and Governance Report CORPORATE INFORMATION (2)(3)(2)(3) Board of DirectorsCo-ChairmenMr. Li Wenxiong(Non-Executive Director)(2)(3)Mr. Cheng Chung Hing(Executive Director)(2)(3) * Executive Directors* Ms. Geng Mei(Chief Operating Officer)Mr. Wan Hongtao(Group’s Vice President)Ms. Fang Ling(Group’s Financial Controller)Ms. Cheng Ka Man Carman **(1) Non-Executive Directors** Mr. Fung Sing Hong StephenMs. Shen Lifeng(1)Ms. Li AihuaMs. Deng Jin *** Independent Non-Executive Directors*** (1)(2)(3)(1)(2)(3)(1)(2)(3)(2)(3) Mr. Leung Kwan Yuen AndrewGBM, GBS, JP(1)(2)(3)Mr. Li Wai Keung(1)(2)(3)Mr. Hui Chiu ChungJP(1)Ms. Zee Helen(2)(3)Dr. Li Xu(2)(3) (CPA, CFA) Chief Financial OfficerMr. Chan Mau Cheong Bryan(CPA, CFA) (CPA) Company SecretaryMr. Chan Hing Chau(CPA) AuditorErnst & Young Legal AdvisorsAs to Hong Kong lawLinklatersReed Smith Richards Butler As to China law Commerce & Finance Law Offices (1)(2)(3) (1)Member of Audit Committee(2)Member of Remuneration Committee(3)Member of Nomination Committee *Mr. Qin Wenzhong resigned as Executive Director and Group’s FinancialController with effect from 3 April 2024.*Ms. Fang Ling has been appointed as Executive Director and Group’sFinancial Controller with effect from 3 April 2024.**Mr. Cheng Tai Po resigned as Non-Executive Director with effect from 25August 2023.**Mr. Fung Sing Hong Stephen has been appointed as Non-Executive Directorand resigned as Senior Adviser of the Group with effect from 25 August2023.**Ms. Li Aihua has been appointed as Non-Executive Director from 16 May2023.**Ms. Deng Jin has been appointed as Non-Executive Director from 16 May2023.***Dr. Li Xu has been appointed as Independent Non-Executive Director anda member of each of the Nomination Committee and the RemunerationCommittee with effect from 16 May 2023. Corporate Information (Continued) Principal Bankers Industrial and Commercial Bank of China LimitedPingAn Bank Co., Ltd.Bank of China LimitedBank of Dongguan Co., Ltd.Shanghai Pudong Development Bank Co., Ltd.China Construction Bank CorporationBank of Communications Co., Ltd.Bank of Jiangsu Co., Ltd.China Citic Bank Corporation LimitedBank of Hangzhou Co., Ltd.China Minsheng Banking Corp., Ltd.China Everbright Bank Co., Ltd.Agricultural Development Bank of ChinaIndustrial Bank Co., Ltd.China Zheshang Bank Co., Ltd.China Guangfa Bank Co., Ltd.Bank of Shanghai Co., Ltd.Zhongyuan Bank Co., Ltd.Nanyang Commercial Bank, Limited Registered Office 15333306–08 Suites 3306–08, 33/F., Tower 5, The Gateway,15 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong Share Registrar 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th Floor, Hopewell Centre,183 Queen’s Road East, Wanchai, Hong Kong 1668 Listing InformationShare ListingThe Stock Exchange of Hong Kong LimitedStock code: 1668 Senior Notes Listing 202449%(ISIN: XS2085883119)202469%(ISIN: XS2120092882)2024109%(ISIN: XS2238030162)2024129%(ISIN: XS2227909640)202784.5%(ISIN: XS1720216388) The Singapore Exchange Securities Trading LimitedThe Company’s 9% senior notes due April 2024(ISIN: XS2085883119)The Company’s 9% senior notes due June 2024(ISIN: XS2120092882)The Company’s 9% senior notes due October 2024(ISIN: XS2238030162)The Company’s 9% senior notes due December 2024(ISIN: XS2227909640)The Company’s 4.5% senior notes due August 2027(ISIN: XS1720216388) Website www.chinasouthcity.com www.chinasouthcity.com (852) 3188-3111(852) 3188-1323ir@chinasouthcity.com Investor Relations Telephone: (852) 3188-3111Fax:(852) 3188-1323Email:ir@chinasouthcity.com PROJECT OVERVIEW ChinaSouth City has its eight projectslayout highly adhered to important nationalstrategies such as “Greater Bay Area”, the“Belt and Road“ initiative and “YangtzeRiver Economic Belt”. PROJECT OVERVIEW Shenzhen China South City ShenzhenChina South City Shenzhen (“CSC Shenzhen”), situated at the Pinghu 202251,7662023GDP20225.2% Logistics Base in Longgang District, Shenzhen, is the Group’s first project.Shenzhen City, one of the four first-tier cities in China, is located atthe heart of the Greater Bay Area amid an extensive transportationnetwork with about 17.66 million permanent resident population thatwas announced in May 2022. The total Gross Domestic Pro