新明中国年度报告2023

(Incorporated in the Cayman Islands with limited liability)Stock code2699 CONTENTS目錄 Corporate Information2Chairman’s Statement4Management Discussion and Analysis7Profiles of Directors and Senior Management32Directors’ Report40Corporate Governance Report57Environmental, Social and Governance Report91 Independent Auditors’ Report127Consolidated Statement of Profit or Loss andOther Comprehensive Income130Consolidated Statement of Financial Position131Consolidated Statement of Changes in Equity133Consolidated Statement of Cash Flows134Notes to the Consolidated Financial Statements136Five-Year Financial Summary227 CORPORATE INFORMATION公司資料 董事 DIRECTORSExecutive Directors 執行董事 Mr. Chen Chengshou(Chairman and Chief Executive Officer)Mr. Feng CizhaoMr. Zhou Fenli (appointed on 9 August 2024)Mr. Cao Zhiqiang (appointed on 9 August 2024) 非執行董事 Non-executive Directors Ms. Gao QiaoqinMr. Choi Clifford Wai Hong (resigned on 24 February 2025)Mr. Zhou Zhencun 獨立非執行董事 Independent Non-executive Directors Mr. Khor Khie Liem AlexMr. Chiu Kung ChakMr. Lau Wai Leung, Alfred (resigned on 10 December 2024)Ms. Lee Yin Man (appointed on 9 August 2024)Ms. Huang ChunIian (appointed on 9 August 2024) () 審核委員會 AUDIT COMMITTEE () Mr. Khor Khie Liem Alex(Chairman)Mr. Chiu Kung ChakMr. Lau Wai Leung, Alfred (resigned on 10 December 2024)Ms. Lee Yin Man (appointed on 9 August 2024)Ms. Huang ChunIian (appointed on 9 August 2024) 薪酬委員會 REMUNERATION COMMITTEE Mr. Khor Khie Liem Alex(Chairman)Mr. Chiu Kung ChakMr. Choi Clifford Wai Hong (resigned on 24 February 2025) Ms. Lee Yin Man (appointed on 9 August 2024)Ms. Huang ChunIian (appointed on 9 August 2024) 提名委員會 NOMINATION COMMITTEE Mr. Chen Chengshou(Chairman)Mr. Khor Khie Liem AlexMr. Chiu Kung ChakMs. Lee Yin Man (appointed on 9 August 2024)Ms. Huang ChunIian (appointed on 9 August 2024) 授權代表 AUTHORIZED REPRESENTATIVES Mr. Kam Chun Ying FrancisMr. Choi Clifford Wai Hong (resigned on 24 February 2025)Mr. Cao Zhiqiang (appointed on 5 March 2025) 公司秘書 COMPANY SECRETARYMr. Kam Chun Ying Francis 註冊辦事處 REGISTERED OFFICE Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands 2XINMING CHINA HOLDINGS LIMITEDAnnual Report 2023 中國總部 HEADQUARTERS IN THE PRC 55I Block I, 5th FloorHengli BuildingNo. 5 Huang Long Road, HangzhouZhejiang Province, the PRC 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS INHONG KONG Unit D, 7/F, Kee Shing Centre74–76 Kimberley RoadTsim Sha Tsui, KowloonHong Kong 74–767D 公司網址http://www.xinm.com.cn COMPANY’S WEBSITE ADDRESShttp://www.xinm.com.cn 股份過戶登記總處 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands 香港股份過戶登記處 HONG KONG SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F., Far East Finance Centre16 Harcourt RoadHong Kong 主要往來銀行 PRINCIPAL BANKERS Industrial and Commercial Bank of China, Tengzhou BranchAgricultural Bank of China, Branch of Datong Road, TengzhouChina Construction Bank, Branch of Datong Road, TengzhouAgricultural Bank of China, Taizhou Jiazhi BranchTaizhou Bank, Hongjia Branch 核數師 AUDITOR Global Link CPA LimitedCertified Public Accountants 上市資料 LISTING INFORMATION 02699) The Company’s ordinary shares are listed on the Main Board ofThe Stock Exchange of Hong Kong Limited(Stock Code: 02699) CHAIRMAN’S STATEMENT主席報告書 To all shareholders, I hereby announce the annual results of Xinming China HoldingsCompany Limited (the “Company” or “Xinming China”), for the yearended 31 December 2023 (the “Year under Review”), on behalf ofthe board (the “Board”) of directors (the “Director”) of the Company. Looking back at the year 2023, the real estate industry borne ahardship and difficult year, with the continued real estate marketin the doldrums, real estate enterprises under great pressure,and a number of real estate enterprises defaulting on their debtsor negotiating extensions. Against the backdrop of continuouslystrengthened housing regulation by the Central Government, thebank loan policies have resulted in loan extension and re-tighteningof financing channels. During the Year under Review, the Groupdetermined to improve the going concern issue of the Companywith practical actions by attempting various methods and activelyand closely following the strategic main line of assets revitalizationand liabilities reduction. The Company focused on the residential property developmentof Shandong Project, and completed the second and third phasesof presale, with the amount of presale for the year reachingapproximately RMB27.6 million. Meanwhile, the Company willcontinue to actively negotiate with various financial institutions toextend the repayment date or refinance its outstanding borrowings,and will proactive