景瑞控股2024 中期报告

Contents 256112938•40•42•43•44•46•48 Corporate InformationFinancial HighlightsChairman’s StatementManagement Discussion and AnalysisOther InformationReport on Review of Condensed Consolidated Interim Financial StatementsCondensed Consolidated Interim Financial Statements•Condensed Consolidated Interim Balance Sheet•Condensed Consolidated Interim Income Statement•Condensed Consolidated Interim Statement of Comprehensive Income•Condensed Consolidated Interim Statement of Changes in Equity•Condensed Consolidated Interim Cash Flow Statement•Notes to the Condensed Consolidated Interim Financial Statements Corporate Information COMPANY NAME * Jingrui Holdings Limited EXECUTIVE DIRECTORS Mr. Yan Hao(Chairman and Chief Executive Officer)Mr. Xu Hai Feng(Vice President)Mr. Chen Chao(Vice President and Chief Financial Officer) NONEXECUTIVE DIRECTOR Mr. Chen Xin Ge INDEPENDENT NONEXECUTIVE DIRECTORS Mr. Han JiongMr. Qian Shi ZhengDr. Lo Wing Yan William AUDIT COMMITTEE Mr. Qian Shi Zheng(Chairman)Dr. Lo Wing Yan WilliamMr. Han Jiong REMUNERATION COMMITTEE Mr. Han Jiong(Chairman)Dr. Lo Wing Yan WilliamMr. Yan Hao NOMINATION COMMITTEE Mr. Han Jiong(Chairman)Dr. Lo Wing Yan WilliamMr. Chen Xin Ge COMPANY SECRETARY Ms. Jiang Bing Xian AUTHORISED REPRESENTATIVES Mr. Yan HaoMs. Jiang Bing Xian www.jingruis.com COMPANY’S WEBSITE www.jingruis.com * Corporate Information REGISTERED OFFICE One Nexus WayCamana BayGrand Cayman KY1-9005Cayman Islands One Nexus WayCamana BayGrand Cayman KY1-9005Cayman Islands PRINCIPAL PLACE OF BUSINESS ANDHEAD OFFICE IN THE PRC 207B8 8/F, Building B, BenQ Plaza,207 Songhong RoadShanghai, PRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 26121222 Room 1222, 12/F, China Resources Building26 Harbour RoadWanchai, Hong Kong LEGAL ADVISERS 39 As to Hong Kong Law: Sidley Austin39/F, Two International Finance CentreCentral, Hong Kong As to PRC Law: 96823-25 Grandall Law Firm23-25/F, Garden Square968 Beijing West Road, Shanghai, China As to Cayman Islands law: WalkersSuite 1501-1507, Alexandra House18 Chater Road, Central, Hong Kong Walkers181501-1507 AUDITOR 512151510-17 CCTH CPA LimitedUnit 1510-17, 15/F., Tower 2, Kowloon Commerce Centre,No. 51 Kwai Cheong Road, Kwai Chung, New Territories, Hong Kong STOCK CODE 01862 01862 Corporate Information HONG KONG SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedRooms 1712-1716, 17th Floor, Hopewell Centre183 Queen’s Road East, Wanchai, Hong Kong PRINCIPAL BANKS Hong KongIndustrial and Commercial Bank of China (Asia) LimitedThe Bank of East Asia, LimitedBank of China (Hong Kong) Limited PRC Agricultural Bank of China, Shanghai BranchChina Construction Bank, Shanghai BranchBank of China, Shanghai BranchBank of Shanghai, Shanghai Branch (1)100% Chairman’s Statement DEAR SHAREHOLDERS, *20246 302024 On behalf of Jingrui Holdings Limited (“Jingrui” or the “Company”),I am pleased to present the unaudited interim results and businessreview of the Company and its subsidiaries (the “Group”, “we” or “us”)for the six months ended 30 June 2024 (the “Period under Review”) aswell as our outlook for the second half of 2024. MARKET REVIEW 2024616,8364.0%2021202447,91619.5%21.9%53,33015.8%25.9%43,73312.3%30,01712.9% With the economy and society gradually resuming normal operations,the macro policies taking effect and the momentum of economicgrowth continuing to be strengthened in the first half of 2024,the macroeconomic operation of the People’s Republic of China(“PRC”) remained generally stable, with a gross domestic product ofRMB61,683.6 billion in the first half of the year, representing a year-on-year increase of 4.0%. The economy has maintained a progressivemomentum with stability, and achieved new progress in high-qualitydevelopment. Following the continuous downward trend in thedevelopment of the real estate industry and the operation of real estateenterprises since 2021, the real estate industry as a whole has shown atrend of seeking recovery in the depression, and the overall downwardpressure still cannot be ignored. In the first half of 2024, sales area ofcommercial properties amounted to 479.16 million square metres (“sq.m.”), representing a year-on-year decrease of 19.5%, of which the salesarea of residential properties declined by 21.9%. Sales of commercialproperties amounted to RMB5,333.0 billion, representing a year-on-year decrease of 15.8%, of which the sales of residential propertiesdecreased by 25.9%. The area of new housing construction by realestate developers was 437.33 million sq.m., representing a year-on-yeardecrease of 12.3%, while the area of housing completion was 300.17million sq.m., representing a year-on-year decrease of 12.9%. 2024 In terms of the real estate policies, in 2024, the central governmentwill focus on its regulations and control on real estate industry bystabilizing the real estate market, building a new development model,addressing risks in