阳光100中国2024中期报告

CONTENTS 2Corporate Information 5Chairman’s Statement 7Management Discussion and Analysis 43Corporate Governance 47Disclosure of the Interests Information 57Other Information 60Condensed Consolidated Statement ofComprehensive Income 62Condensed Consolidated Statement of FinancialPosition 64Condensed Consolidated Statement of Changes ofEquity 66Condensed Consolidated Statement of Cash Flows 68Notes to the Condensed Consolidated FinancialStatements CORPORATE INFORMATION BOARD OF DIRECTORSExecutive DirectorsMr. Yi Xiaodi(Chairman)Mr. Fan Xiaochong(Vice Chairman) Non-executive DirectorsMs. Fan XiaohuaMr. Wang Gongquan Independent Non-executive DirectorsMr. Gu YunchangMr. Ng Fook Ai, VictorMr. Li Chunping AUDIT COMMITTEEMr. Ng Fook Ai, Victor(Chairman)Mr. Gu YunchangMr. Li Chunping REMUNERATION COMMITTEE Mr. Li Chunping(Chairman)Mr. Fan XiaochongMr. Gu Yunchang NOMINATION COMMITTEE Mr. Yi Xiaodi(Chairman)Mr. Gu YunchangMr. Li Chunping COMPANY SECRETARYMr. Tsang Ho Yin COMPANY’S WEBSITEwww.ss100.com.cn www.ss100.com.cn AUTHORISED REPRESENTATIVESMr. Yi XiaodiMr. Tsang Ho Yin CORPORATE INFORMATION (Continued) REGISTERED OFFICE One Nexus Way,Camana Bay,Grand Cayman KY1-9005,Cayman Islands One Nexus Way,Camana Bay,Grand Cayman KY1–9005,Cayman Islands 2D12100026 HEAD OFFICE 12th Floor, Tower DNo. 2 Guang Hua RoadBeijing 100026PRC Principal Place of Business In Hong Kong 1539 39/F, Gloucester Tower, The Landmark15 Queen’s Road CentralCentralHong Kong Legal Adviser 2024941533 Morrison & Foerster (resigned on 4 September 2024)33/F, Edinburgh TowerThe Landmark15 Queen’s Road CentralCentralHong Kong 20249515323203-3207 Jingtian & Gongcheng LLP(with effect from 5 September 2024)Suites 3203-3207,32/F, Edinburgh TowerThe Landmark15 Queen’s Road CentralCentralHong Kong CORPORATE INFORMATION (Continued) Auditor 1842 Forvis Mazars CPA Limited(formerly known as Mazars CPA Limited)42nd Floor, Central Plaza 18 HarbourRoad Wanchai, Hong Kong Principal Banks Agricultural Bank of ChinaChina Everbright BankChina Minsheng BankChina Zheshang BankHua Xia Bank Hong Kong Branch Share Registrar and TransferOffice 18317M Computershare Hong Kong Investor Services Limited17M Floor, Hopewell Centre183 Queen’s Road East,WanchaiHong Kong Principal Share Registrar and Transfer Office Suntera (Cayman) LimitedSuite 3204, Unit 2A,Block 3, Building D,P.O. Box 1586, Gardenia Court,Camana Bay, Grand Cayman,KY1–1100, Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A,Block 3, Building D,P.O. Box 1586, Gardenia Court,Camana Bay, Grand Cayman,KY1-1100, Cayman Islands Listing Information 2608 Place of listing: The Stock Exchange of Hong Kong Limited(the “Stock Exchange”)Stock code: 2608 CHAIRMAN’S STATEMENT 1002024630 The board (the “Board”) of directors (the “Director(s)”) of Sunshine100 China Holdings Ltd (the”Company”, together with its subsidiaries,the “Group”) would like to present the business review and outlookof the Group for the six months ended 30 June 2024 (the ”ReportingPeriod”). Business Review and Outlook Business Review 2024 In the first half of 2024, the Chinese real estate market continued tobe under pressure in a complex and changing economic environment,and the overall situation did not show signs of recovery as expected.Despite frequent positive policies, the national new housing market didnot respond positively, and new housing sales data remained weak. Incontrast, thanks to the implementation of the “price for quantity ()” strategy, the second-hand housing market maintained a certainscale of transactions. Consumer confidence remains insufficient, andmarket sentiment is still strong. It will take more time to activate themarket, and enterprises might continue to face severe challenges insales. 117.55,060 Due to the downturn in the real estate industry and tight financingenvironment, the Company’s contract sales continued to decline inthe Reporting Period, with only RMB117.5 million completed and acontract sales area of approximately 5,060 square meters. 1,614.6202342.0%2024245.61,676.6 In the Reporting Period, the revenue was approximately RMB1,614.6million, an increase of 42.0% compared with the same period in 2023;the gross loss in the first half of 2024 was approximately RMB245.6million, mainly due to the gross loss of delivered properties. Due tothe decrease in gross profit from property delivery and the increasein income tax, the Company recorded a loss of approximatelyRMB1,676.6 million in the Reporting Period. CHAIRMAN’S STATEMENT (Continued) Outlook Given the multiple challenges of sales and financing environment inthe real estate market, the Company is facing more profound liquidityissues. In the face of difficulties, the Group’s top priority is to resumework. The Group will do everything it can to ensure the progress andquality of projects, and deliver satisfactory results to its owners assoon as possible. Secondly, resolving the debt crisis is the Grou