弘阳地产二零二四年中期报告

CONTENTS Corporate Information2Financial Highlights5Business Review and Outlook6Management Discussion and Analysis8Corporate Governance and Other Information41Interim Condensed Consolidated Statement of Profit or Loss61Interim Condensed Consolidated Statement of Comprehensive Income62Interim Condensed Consolidated Statement of Financial Position63Interim Condensed Consolidated Statement of Changes in Equity65Interim Condensed Consolidated Statement of Cash Flows67Notes to Interim Condensed Consolidated Financial Information71 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors 202472202472202472 Mr. Zeng Huansha ()(Chairman and Chief Executive Officer)Mr. Zeng Junkai () (resigned on 2 July 2024)Mr. Lui Wai Pang () (resigned on 2 July 2024)Mr. Chen Bin () (appointed on 2 July 2024) Independent Non-executive Directors Mr. Lee Kwok Tung Louis ()Mr. Leung Yau Wan John ()Mr. Au Yeung Po Fung () AUDIT COMMITTEE Mr. Leung Yau Wan John () (Chairman)Mr. Lee Kwok Tung Louis ()Mr. Au Yeung Po Fung () REMUNERATION COMMITTEE 202472202472 Mr. Lee Kwok Tung Louis () (Chairman)Mr. Zeng Junkai () (resigned on 2 July 2024)Mr. Chen Bin () (appointed on 2 July 2024)Mr. Leung Yau Wan John ()Mr. Au Yeung Po Fung () NOMINATION COMMITTEE Mr. Zeng Huansha () (Chairman)Mr. Lui Wai Pang () (resigned on 2 July 2024)Mr. Leung Yau Wan John ()Mr. Lee Kwok Tung Louis ()Mr. Au Yeung Po Fung () 202472 AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry BayHong Kong LEGAL ADVISERS As to Hong Kong law:Paul Hastings Walkers As to Cayman Islands law:Walkers CAYMAN ISLANDS PRINCIPAL SHARE REGISTRARAND TRANSFER OFFICE Walkers Corporate LimitedCayman Corporate Centre190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands Walkers Corporate LimitedCayman Corporate Centre190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands HONG KONG SHARE REGISTRAR Link Market Services (Hong Kong) Pty Limited28161601 Link Market Services (Hong Kong) Pty LimitedSuite 1601, 16/F, Central Tower28 Queen’s Road CentralHong Kong REGISTERED OFFICE Cayman Corporate Centre190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands Cayman Corporate Centre190 Elgin AvenueGeorge TownGrand Cayman KY1-9008Cayman Islands HEAD OFFICES IN THE PRC 926 26th FloorHong Yang BuildingNo. 9 Daqiao North Road, Pukou District, NanjingJiangsu Province CORPORATE INFORMATION PRINCIPAL PLACE OF BUSINESS IN HONG KONG 262612 Room 2612, 26/FChina Merchants Tower, Shun Tak CentreSheung WanHong Kong JOINT COMPANY SECRETARIES 20245292024529 Mr. Li Yonggang () (resigned on 29 May 2024)Mr. Jia Hongbo () (appointed on 29 May 2024)Ms. Yung Mei Yee () AUTHORIZED REPRESENTATIVES Mr. Zeng Huansha ()Ms. Yung Mei Yee () PRINCIPAL BANKS Agricultural Bank of China(Pukou Sub-branch) Industrial and Commercial Bank of China(Xiaguan Sub-branch) Bank of Communications(Nanjing City Chengzhong Sub-branch) www.rsunproperty.hk WEBSITEwww.rsunproperty.hk 1996 STOCK CODEHKEx: 1996 FINANCIAL HIGHLIGHTS 20246 30 The board (the “Board”) of directors (the “Directors”) of RedsunProperties Group Limited (the “Company”) is pleased to announcethe unaudited consolidated interim results of the Company and itssubsidiaries (the “Group”) for the six months ended 30 June 2024 (the“Reporting Period”). •48.12365,81013,155 •Contracted sales reached RMB4.812 billion, aggregated sales areawas 365,810 square meters and the average selling price wasRMB13,155 per square meter; •6,006.420231.5%20236,098.722.4%283.32023365.1 •Revenue amounted to RMB6,006.4 million, representing a decreaseof 1.5% for the corresponding period of 2023 (correspondingperiod of 2023: RMB6,098.7 million). The revenue of the commercialoperations and hotel operations decreased by 22.4% to RMB283.3million (corresponding period of 2023: RMB365.1 million); 532.08.9% •Gross profit and gross profit margin amounted to RMB532.0 millionand 8.9%, respectively; 1,710.320232,843.6 •The net loss was RMB1,710.3 million (corresponding period of2023: a net loss of RMB2,843.6 million); and 20246302023 BUSINESS REVIEW AND OUTLOOK OVERVIEW AND OUTLOOK 2024 Review for the First Half of 2024 202461.685% According to the National Bureau of Statistics, in the first half of 2024, theGDP of China was RMB61.68 trillion, representing a year-on-year increaseof 5% at constant prices and maintaining a leading economic growthpace among major economies around the globe. In the real estate sector,the industry scale has been steadily rebounding, and the corporateoperating direction has been differentiated. Against the background ofthe continuous adjustment and optimization of regulatory policies, somecities are in a state of structural recovery, while they are still in the stageof deep adjustment as a whole. 20244.819%67.315.2%23.5% In the first half of 2024, the sales area of newly built commodity housingacross the cou