旭辉控股集团2023 年报

CONTENTS 002Corporate Information004Company Profile005Major Property Projects0142023 Awards and Recognitions015Glossary and Definitions016Chairman’s Statement024Management Discussion and Analysis043Biographies of Directors and SeniorManagement050Corporate Governance Report071Directors’ Report114Independent Auditor’s Report122Consolidated Statement of Profit orLoss and Other Comprehensive Income123Consolidated Statement of FinancialPosition126Consolidated Statement of Changes inEquity129Consolidated Statement of Cash Flows132Notes to the Consolidated FinancialStatements339Five Years Financial Summary Corporate Information DIRECTORS Executive DirectorsMr. LIN Zhong (Chairman) Mr. LIN Wei (Vice-chairman)Mr. RU Hailin (Chief Executive Officer)Mr. YANG Xin (Chief Financial Officer)Mr. GE Ming Independent Non-Executive DirectorsMr. ZHANG YongyueMr. TAN Wee SengMs. LIN Caiyi AUDIT COMMITTEEMr. TAN Wee Seng (Chairman)Mr. ZHANG YongyueMs. LIN Caiyi REMUNERATION COMMITTEEMr. ZHANG Yongyue (Chairman) Mr. LIN ZhongMr. TAN Wee Seng NOMINATION COMMITTEEMr. LIN Zhong (Chairman) Mr. ZHANG YongyueMs. LIN Caiyi AUTHORIZED REPRESENTATIVESMr. LIN ZhongMr. RU Hailin COMPANY SECRETARYMr. LO Tai On REGISTERED OFFICEP.O. Box 309 P.O. Box 309Ugland HouseGrand Cayman KY1-1104Cayman Islands Ugland HouseGrand Cayman KY1-1104Cayman Islands HEADQUARTERS IN THE PRCCIFI Center 108839 Lane 1088, No. 39 Shenhong RoadMinhang DistrictShanghaiPRC PRINCIPAL PLACE OF BUSINESS ANDHEADQUARTERS IN HONG KONGLevel 22, Five Pacific Place, 2822 No. 28 Hennessy Road, Wanchai, Hong Kong Corporate Information PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Maples Fund Services (Cayman) LimitedP.O. Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedP.O. Box 1093, Boundary HallCricket SquareGrand Cayman KY1-1102Cayman Islands HONG KONG BRANCH SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong Kong PRINCIPAL BANKERSChina Industrial and Commercial Bank of China Limited Agricultural Bank of China LimitedBank of China LimitedChina Construction Bank CorporationBank of Communications Co., LtdChina CITIC Bank Corporation LimitedChina Merchants Bank Co., Ltd.Ping An Bank Co., Ltd.China Minsheng Banking Corp., Ltd.Industrial Bank Co., Ltd.China Everbright Bank Co., LtdShanghai Pudong Development Bank Co., LtdBank of Shanghai Co., Ltd.China Bohai Bank Co., Ltd.China Zheshang Bank Co., Ltd. Hong KongThe Hongkong and Shanghai Banking Corporation Limited Standard Chartered Bank (Hong Kong) LimitedHang Seng Bank LimitedBank of Communications Co., Ltd Hong Kong BranchBank of China (Hong Kong) LimitedChina Construction Bank (Asia) Corporation LimitedThe Bank of East Asia, LimitedWing Lung Bank LimitedChina CITIC Bank International LimitedBank of Shanghai (Hong Kong) LimitedNanyang Commercial Bank, LimitedChong Hing Bank LimitedShanghai Pudong Development Bank Co., Ltd Hong Kong BranchTai Fung Bank Ltd. AUDITOR Prism Hong Kong and Shanghai LimitedRegistered Public Interest Entity Auditors LISTING INFORMATIONMain Board of The Stock Exchange of Hong Kong Limited 00884 (Stock Code: 00884) www.cifi.com.cn COMPANY’S WEBSITEwww.cifi.com.cn Company Profile ABOUT CIFI Headquartered in Shanghai, CIFI Holdings (Group) Co. Ltd. (“CIFI” or the“Company” and together with its subsidiaries, collectively the “Group”) isprincipally engaged in the property development, property investment businessand provision of property management service in the People’s Republic of China(“PRC” or “China”). We principally focus on developing high quality and end-users driven propertiesin mature segments in first- and second-tier cities as well as core cities in China.Our development projects cover various properties types like residential, officeand commercial complexes. 436,300,00020,700,000 We have achieved a nationwide operating coverage and a strong presence in majorfirst- and second-tier cities as well as core cities in China. Currently, we haveproperty projects in China and oversea, located in the core cities in 4 regions: theYangtze River Delta, the Pan Bohai Rim, the Central Western Region and theSouth China Region. As at 31 December 2023, we had a land bank with totaland attributable GFA of approximately 36.3 million sq.m. and 20.7 millionsq.m. respectively. Looking forward, driven by our missions of “building for a better life”, CIFIstrives to become a leading and well-respected real estate enterprise in China. Major Property Projects CIFI’s Representative Projects in ChinaCIFI’s Representative Projects in China Guangzhou CIFI Yaoyue Bay CIFI’s Representative Projects in China CIFI’s Representative Projects in China Urumqi Xuefu Shangpin INVESTMENT PROPERTIES INVESTMENT PROPERTIES(Continued) INVESTMENT PROPERTIES(Continued) DEVELOPMENT PROPERTIES DEVELOPMENT PROPERTIES(Conti