
中 期 報 告2024 Contents目錄 2Corporate Information5Management Discussion and Analysis32Supplementary Information41Interim Condensed Consolidated Statement ofComprehensive Income42Interim Condensed Consolidated Statement ofFinancial Position44Interim Condensed Consolidated Statement ofChanges in Equity46Interim Condensed Consolidated Statement ofCash Flows48Notes to the Interim Condensed Consolidated FinancialInformation Corporate Information公司資料 Board of DirectorsExecutive DirectorsMr. Lui Ming(Chairman)Mr. Lui Jin LingMr. Lui Chi Chung Jimmy Non-executive DirectorsMr. Lui Wing MauMr. Lui Wing Nam Independent Non-executive DirectorsMr. Chan Pak HungMs. Tang Lo NarMr. Wong Tung Yuen Audit Committee Mr. Chan Pak Hung(Chairman)Mr. Lui Wing NamMs. Tang Lo NarMr. Wong Tung Yuen Remuneration Committee Mr. Wong Tung Yuen(Chairman)Mr. Chan Pak HungMs. Tang Lo Nar Nomination Committee Mr. Lui Ming(Chairman)Mr. Chan Pak HungMs. Tang Lo NarMr. Wong Tung Yuen Authorised RepresentativesMr. Lui Jin LingMr. Chan Pui Tak Company SecretaryMr. Chan Pui Tak Registered OfficeHarneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands Corporate Information (Continued)公司資料(續) Headquarters in the PRCNo. 11 Building, PortMix South DistrictNo. 2177 Shenkun RoadMinhang DistrictShanghaiChina 217711 Principal Place of Business in Hong KongSuites 5015/F, Five Pacific Place28 Hennessy RoadWan ChaiHong Kong 285501 The Cayman Islands PrincipalShare Registrar and Transfer Office Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands 1617 Hong Kong Branch Share Registrar Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Principal Banks Bank of China (Hong Kong)DBS Hong KongBank of JiangsuBank of ChinaIndustrial BankBank of Communications Corporate Information (Continued)公司資料(續) Legal AdvisersAs to Hong Kong Law:CFN Lawyers As to Cayman Islands law:Harney Westwood & Riegels AuditorPricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor 202071506968.HK Listing InformationShare ListingThe Company’s ordinary shares were listed on theMain Board of The Stock Exchange of Hong KongLimited (Stock Code: 06968.HK) on 15 July 2020 Company’s Websitewww.glchina.group www.glchina.group 06968.HK Stock Code06968.HK Management Discussion and Analysis管理層討論與分析 GENERAL OVERVIEWReview of the first half 2024 2024 430517 Since the beginning of the year, the real estate industry as a whole stillfaced severe downward pressure. Under this background, the meetingof the Political Bureau on 30 April set the direction of property marketpolicies, proposing “coordinated research on policies and measures todigest inventory housing and optimize incremental housing”. A meetingchaired by the State Council on 17 May released a “package” of newreal estate policies for “stabilizing the market and destocking”. Followingthe implementation of a number of policies, the second-hand housingtransactions in some core cities have shown initial signs of improvement,but the overall new housing market has not improved significantly, and itstill takes time for the policies to take effect. 202420245,367531,159 Faced with severe challenges of the industry, the Group has alwaysadhered to the corporate vision of “becoming a city builder for a betterlife” and carried forward the corporate culture of “integrity, pragmatism,simplicity and efficiency”, setting goals for 2024, uniting in its efforts andmaking proactive response. Firstly, the Group strengthened marketingefforts and balanced quantity with price. We formulated targetedand different marketing strategies and methods according to marketdifferentiation to proactively respond to market changes, and enhancedinventory clearing and cash collection management, striving to achieveour sales targets. We enhanced the construction of marketing system,innovated online marketing methods, and at the same time carried outexternal channel cooperation to expand online and offline sources ofcustomers. Through internal training on marketing, we strengthenedmarket prediction and enhanced marketing capability. Secondly, wereduced costs and ensured financial stability by means of cost-savingand cost control. The scope of control has been expanded fromconstruction work to marketing and administration, etc., leveraging theadvantages of centralized purchase to reduce procurement costs. Weproactively optimized debt structure and financing costs to ensure thesafety of cash flow. Thirdly, the Group focused on core business andaccelerated cash coll