禹洲集团二零二四年中期报告

CONTENTS Corporate InformationChairman’s StatementManagement Discussion And AnalysisOther InformationCondensed Consolidated Statement Of Profit Or LossCondensed Consolidated Statement Of Comprehensive IncomeCondensed Consolidated Statement Of Financial PositionCondensed Consolidated Statement Of Changes In EquityCondensed Consolidated Statement Of Cash FlowsNotes To Interim Financial Information251232525455575963ement Of Changes In Equityement Of Cash Flowsnformation CORPORATE INFORMATION EXECUTIVE DIRECTORSMs. Kwok Ying LanMr. Lin Conghui NON-EXECUTIVE DIRECTORSMr. Lam Lung OnMr. Song Jiajun INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Lam Kwong SiuMr. Wee Henny Soon ChiangMr. Yu Shangyou AUDIT COMMITTEE Mr. Wee Henny Soon Chiang(Chairman)Mr. Lam Kwong SiuMr. Yu Shangyou REMUNERATION COMMITTEE Mr. Lam Kwong Siu(Chairman)Ms. Kwok Ying LanMr. Wee Henny Soon Chiang NOMINATION COMMITTEE Mr. Lam Kwong Siu(Chairman)Ms. Kwok Ying LanMr. Wee Henny Soon Chiang SUSTAINABILITY COMMITTEE Ms. Kwok Ying Lan(Chairman)Mr. Lam Lung OnMr. Lin Conghui COMPANY SECRETARYMr. Chiu Yu Kang AUTHORIZED REPRESENTATIVESMr. Lam Lung OnMs. Kwok Ying Lan REGISTERED OFFICE Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands Cricket SquareHutchins Drive, P.O. Box 2681Grand Cayman KY1-1111Cayman Islands PRINCIPAL ADMINISTRATION ANDMANAGEMENT CENTERS IN THE PRCYuzhou Plaza 299 299 Jingang RoadPudong New DistrictShanghaiPeople’s Republic of China Yuzhou PlazaKeyuan North RoadNanshan DistrictShenzhenPeople’s Republic of China PRINCIPAL PLACE OF BUSINESS IN HONG KONGUnits 5801-02, 58/F 99585801-02 The Center99 Queen’s Road CentralCentralHong Kong https://yuzhou-group.com/ COMPANY’S WEBSITEhttps://yuzhou-group.com/ PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICERoyal Bank of Canada Trust Company (Cayman) Limited4th Floor, Royal Bank House24 Shedden Road, George TownGrand Cayman KY1-1110Cayman Islands Royal Bank of Canada TrustCompany (Cayman) Limited4th Floor, Royal Bank House24 Shedden Road, George TownGrand Cayman KY1-1110Cayman Islands HONG KONG SHARE REGISTRARComputershare Hong Kong Investor Services Limited 183171712–1716 Shops 1712–1716, 17th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong Kong AUDITORPrism Hong Kong Limited 819 1903A-1905 Registered Public Interest Entity AuditorUnits 1903A-1905, 19/F, 8 Observatory RoadTsim Sha Tsui, Kowloon, Hong Kong LEGAL ADVISORSPaul Hastings (as to Hong Kong law) Conyers Dill & Pearman Conyers Dill & Pearman (as to Cayman Islands law) PRINCIPAL BANKERSIndustrial and Commercial Bank of China China Construction Bank CorporationAgricultural Bank of ChinaBank of ChinaBank of China (Hong Kong)Hongkong and Shanghai Banking CorporationHang Seng BankChina CITIC Bank International CHAIRMAN’S STATEMENT CHAIRMAN’S STATEMENT Dear Shareholders, 20246 30 On behalf of the board of directors of Yuzhou Group HoldingsCompany Limited (“Yuzhou Group” or the “Company”), I ampleased to present the interim results report of the Company and itssubsidiaries (the “Group”) for the six-month period ended June 30,2024 (the “Period”) for your review. 2024GDP616,8365.0%20241-652,52910.1%39,88310.4%47,91619.0%21.9%47,13325.0%26.9%53,53822.6%8,2076.6%15,99934.1%7,74937.7% According to the National Bureau of Statistics, China recorded a grossdomestic product (“GDP”) of RMB61,683.6 billion during the firsthalf of 2024, representing an uptick of 5.0% from the same periodof last year. From January to June 2024, the total investment in realestate development amounted to RMB5,252.9 billion, with a period-on-period dip of 10.1%. Among them, residential investment wasRMB3,988.3 billion, which represented a period-on-period fall of10.4%. The total area of commodity housing sold amounted to 479.16million sq.m., representing a period-on-period decline of 19.0%, withresidential sales area down by 21.9% period-on-period. The sales ofcommodity housing totaled RMB4,713.3 billion with a period-on-period decrease of 25.0%, of which residential sales recorded a period-on-period decrease of 26.9%. In the same period, China saw its realestate developers have RMB5,353.8 billion available, amounting to aperiod-on-period retreat of 22.6%. Of the aggregate, domestic loanswere RMB820.7 billion with a period-on-period slump of 6.6%;deposits and receipts in advance amounted to RMB1,599.9 billionwith a period-on-period decline of 34.1%; and personal mortgageloans stood at RMB774.9 billion with a period-on-period decrease of37.7%. 20245 · 176202463043.4662.8%279,31159.8%15,5617.5% In the first half of 2024, the overall macroeconomic developmentof China remained relatively stable. However, the performance ofthe real estate industry was still sluggish. The amount and the grossfloor area (“GFA”) of sales of commodity housing showed a double-digit decline as compared to the same period of last year, and thedownward trend persisted without any signs of stabilization. On theone hand, c