龙湖集团2023年报

目錄Contents 集團架構Group Structure ASSETMANAGEMENT資產管理 PROPERTYMANAGEMENT物業管理 PROPERTYDEVELOPMENT地產開發 COMMERCIALINVESTMENT商業投資 SMARTCONSTRUCTION智慧營造 DIVIDED BY REGION 公司資料Corporate Information 115 www.longfor.com 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties 主要物業權益表Schedule of Principal Properties I am pleased to present to our shareholders the full-year business review andoutlook for the year ending 31 December 2023 of Longfor Group HoldingsLimited (the “Company”, together with its subsidiaries, collectively the“Group”). The focus of China’s economic development has shifted from prioritizing “highgrowth” to “high quality”. Over the past two years, the real estate markethas experienced cyclical adjustments, and has been in the process of strikinga new equilibrium between supply and demand under the themes of marketstabilization, risk management, and transformation facilitation. In response tothis new landscape, Longfor Group has proactively adjusted its operations andfirmly executed its core strategy centered around high-quality development. 1,9267.4%77% Financial security is the bedrock of the Company’s development. The Group’sinterest-bearing liabilities as of the end of 2023 totaled RMB192.6 billion,representing a decrease of 7.4% as compared to 2022, with bank financingaccounting for 77%. We have steadfastly long adhered to the financial disciplineof repaying loans on time, avoiding rollovers and late payments, which earnedus continued trust and support from our strategic partner banks, strengtheningour solid foundation to navigate economic cycles. Backed by current policies, theGroup has intensified efforts to raise funds through operating property loans,thereby further extending the average contract borrowing period at a morefavorable cost. Moving forward, we will continue to optimize our debt structureby gradually and orderly reducing our indebtedness to ensure sustainability of ourfinancial position. * In 2023, the Group achieved positive operating cash flow*, enabled by thesynergies between each segments. Our emphasis on quality cash collection,centralized funding, and integrated management has contributed to thissuccess. Additionally, we have flexibly adjusted investment and constructioncommencements according to market conditions while improving efficiency,lowering fees, and dynamically matching income with expenditures. This hasenabled the Company’s various business segments to continue enhancing theirfinancial stability. 主席報告Chairman’s Statement 1,735 Among the Group’s three major business segments, our property developmentbusiness recorded contracted sales of RMB173.5 billion for the year, rankingninth in the industry. The pace of new home sales recovery closely correlateswith the improvement of homebuyers’ expectation on income, where short-termadjustments are expected. We have a clear direction in mind and have promptlyresponded to the evolving market situation by conducting developments in coreareas in key cities, adhering to our product-centered principle, focusing on sales-price balance and investment value realisation. We will continue to provide high-quality houses and products with timely delivery. 2496% The investment property operation and services and others businesses generateda sustainable revenue of RMB24.9 billion for the year, representing a year-on-year growth of nearly 6%. The contribution of these two businesses to thecore attributable profit has climbed to over 60%. The sustainable and healthydevelopment of these two business segments has become an important engine forthe Group’s profit and growth trajectory. 30%28%93%96% Longfor Commercial has always focused on satisfying diverse consumer needsregarding shopping experience. We have achieved rapid recovery following thepandemic through the introduction of new forms of businesses and brands todrive regional consumption trends. Our shopping malls recorded a 30% year-on-year same-store sales increase and a 28% year-on-year same-store increase inaverage daily customer traffic for the year, with occupancy rates recovering from93% at the beginning of last year to 96%, leading to a steady increase in rentalincome. 12.395.5% In response to the state’s initiative of encouraging both housing purchase andleasing, Longfor has maintained our optimistic outlook on the rental housingbusiness with the aim of establishing a favorable rental market. As of the en