绿景中国地产2024 中期报告

Contents Corporate Information2Management Discussion and Analysis5Other Information24Report on Review of Condensed Consolidated Financial Statements36Condensed Consolidated Statement of Profit or Loss38Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income39Condensed Consolidated Statement of Financial Position40Condensed Consolidated Statement of Changes in Equity42Condensed Consolidated Statement of Cash Flows43Notes to the Condensed Consolidated Financial Statements44 Corporate Information Directors Executive Directors Ms. HUANG Jingshu(Chairman and Chief Executive Officer)Mr. TANG Shouchun(Chief Executive Officer) (retired on 31 March 2024)Mr. YE XinganMr. HUANG Hao YuanMs. LI Yufei Independent Non-Executive Directors Ms. HU Gin IngMr. MO FanMr. WANG Jing(retired on 31 May 2024)Mr. CHAN Koon Fat(approinted on 30 August 2024) Executive Committee Ms. HUANG Jingshu(Chairman)Mr. TANG Shouchun(ceased on 31 March 2024)Mr. YE XinganMr. HUANG Hao YuanMs. LI Yufei Audit Committee Ms. HU Gin Ing(Chairman)Mr. MO FanMr. WANG Jing(ceased on 31 May 2024)Mr. CHAN Koon Fat(appointed on 30 August 2024) Nomination Committee Ms. HUANG Jingshu(Chairman)Mr. MO FanMr. WANG Jing(ceased on 31 May 2024)Mr. CHAN Koon Fat(appointed on 30 August 2024) Remuneration Committee Ms. HU Gin Ing(Chairman)Ms. HUANG JingshuMr. MO Fan Authorised Representatives Mr. TANG Shouchun(ceased on 31 March 2024)Mr. CHAN Kin Man(resigned on 10 September 2024)Ms. HUANG Jingshu(appointed on 31 March 2024)Ms. LAM Hoi Ki(appointed on 10 September 2024) Company Secretary Mr. CHAN Kin Man(resigned on 10 September 2024)Ms. LAM Hoi Ki(appointed on 10 September 2024) Corporate Information Auditor • Deloitte Touche TohmatsuRegistered Public Interest Entity Auditors Registered Office Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Head Office and Principal Place of Business inHong Kong Unit 2501, NEO123 Hoi Bun RoadKwun TongKowloon, Hong Kong 123NEO2501 PRC Office 6011NEOA55518048 55/F, Tower A, NEO Building6011 Shennan Avenue, Futian DistrictShenzhen, PRCPostal Code: 518048 Legal Advisers (in alphabetical order) Appleby Hunter BailhacheDeaconsGlobal Law Office Appleby Hunter Bailhache Principal Bankers (in alphabetical order) Bank of China (Hong Kong) LimitedBank of Communications Co., LtdBank of Jiangsu Co., Ltd.Bank of Shanghai Co., LimitedChina Construction Bank CorporationChina Everbright Bank Company LimitedChina Zheshang Bank Co., Ltd.CMB Wing Lung Bank LimitedHang Seng Bank LimitedHua Xia Bank Co., LimitedIndustrial and Commercial Bank of China LimitedIndustrial Bank Co., Ltd.Nanyang Commercial Bank Limited Principal Share Registrar and Transfer Office Ocorian Trust (Cayman) LimitedWindard 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindard 3Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Corporate Information Branch Share Registrar and Transfer Office inHong Kong 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Securities Code 952,000 StockHKEx: 95Board Lot: 2,000 shares www.lvgem-china.com Websitewww.lvgem-china.com Management Discussion and Analysis Industry Review 2.6%61.75.0% Being halfway into the year of 2024, the international situation became morecomplex and severe with uncertainties lingering during the period under review.The World Bank forecasted a global economic growth rate to be stabilized at2.6% in 2024, which will be the first time of steady growth over these threeyears, but still sluggish compared with the recent historical level. Despite facingthe dual challenges from a turbulent external environment and weak domesticdemand, the Chinese economy has been cruising steadily like a giant vessel ona stormy sea. Supported by the effects continually generated from the macro-policies, the recovery of external demand and the accelerated developmentof new-quality productivity, the transformation and upgrade of the industrialstructure were promoted in an orderly manner, with both quantitative growthand qualitative upgrading, exhibiting stronger resilience, potential and vitality.According to the National Bureau of Statistics, in the first half of 2024, theannual GDP of China amounted to RMB61.7 trillion, representing a year-on-year growth of 5.0%. 5.2510.1%3.9910.4%4.7919.0%4.7125.0%26.9% In respect of the industry, the main theme of easing became a consistentpolicy orientation for the real estate market, enabling the market to continueits momentum of a feeble recovery during the first half of 2024. On 30April, the meeting of the Political Bureau designated the policy direction forthe property market, and proposed “to organize research on policies andmeasures to reduce the existing inventory of properties and improve the qualityof newly-added housing”,