浦江中国2024年报

Stock Code1417(Incorporated in the Cayman Islands with limited liability) 2024Annual Report CONTENTS 2Financial Highlights3Definitions10Corporate Information12The Group13Chairman’s Statement17Management Discussion and Analysis29Directors and Senior Management44Corporate Governance Report67Report of the Directors93Independent Auditor’s Report102Consolidated Statement of Profit or Loss103Consolidated Statement of ComprehensiveIncome104Consolidated Statement of Financial Position106Consolidated Statement of Changes inEquity108Consolidated Statement of Cash Flows111Notes to Financial Statements256Five Years Financial Summary FINANCIAL HIGHLIGHTS * Inthis annual report,unless the context otherwiserequires, the following terms and expressions shall havethe meanings set out below. The English translation ofcompany names in Chinese or another language whichare marked with “*” for identification purposes only. AnhuiBund Property Management Company Limited*(),a limited liability company established in the PRC on26 December 2005, which was a non wholly-owned subsidiary of theCompany and indirectly owned as to 51% by the Company and as to49%by Anhui Wan Tou Property Company Limited*(), a connected person of the Company at the subsidiarylevel until the Company disposed of its entire interest in December 2020.Please refer to the Company’s announcement dated 22 December 2020for further details DEFINITIONS Nanjing Songzhu Property Management Company Limited* (), a limited liability company established in the PRC on 5July 2012, an associated company of the Company and indirectly ownedas to 44% by the Company and 56% by two Independent Third Parties20127544%56% CORPORATE INFORMATION BOARD OF DIRECTORSExecutive Directors Non-executive DirectorsMr. Zhang Yongjun Independent non-executive Directors Mr. Cheng DongMr. Weng GuoqiangMr. Shu Wa Tung Laurence AUDIT COMMITTEE Mr. Shu Wa Tung Laurence(Chairman)Mr. Cheng DongMr. Weng Guoqiang REMUNERATION COMMITTEE Mr. Cheng Dong(Chairman)Mr. Fu QichangMr. Xiao YuqiaoMr. Shu Wa Tung LaurenceMr. Weng Guoqiang NOMINATION COMMITTEE Mr. Xiao Xingtao(Chairman)Mr. Fu QichangMr. Cheng DongMr. Shu Wa Tung LaurenceMr. Weng Guoqiang HEADQUARTER IN THE PRC 2814 14th Floor, Jiushi Tower28 South Zhongshan RoadShanghai, PRC PRINCIPAL PLACE OF BUSINESSIN HONG KONG 33191918 Room 1918, 19/FLee Garden One33 Hysan AvenueCauseway Bay, Hong Kong 10RIVERINE CHINA HOLDINGS LIMITEDANNUAL REPORT 2024 CORPORATE INFORMATION COMPANY SECRETARY Ms. Cheung Kam Mei, HelenMr. Cai Yufei AUTHORISED REPRESENTATIVESMr. Xiao YuqiaoMr. Cai Yufei LEGAL ADVISERSCheung & Choy, Solicitors & Notaries AUDITOR 97927 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong PRINCIPAL BANKERSShanghai Pudong Development Bank Co., Ltd.Bank of China (Hong Kong) Limited PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMANISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareP.O. Box 2681Grand Cayman, KY1–1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareP.O. Box 2681Grand Cayman, KY1–1111Cayman Islands 1617 HONG KONG BRANCH SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong www.riverinepm.com WEBSITE ADDRESSwww.riverinepm.com 1417.hk SECURITIES CODEEquity: 1417.hk ir@ppmc.com.cn COMPANY ENQUIRESEmail: ir@ppmc.com.cn THE GROUP The Group is a comprehensive provider of urban publicser vicesin the PRC and is mainly engaged in theprovision of property management service for high-endnon-residential properties, leases services of commercialbuildings, catering services and integrated urban sanitaryservices in the PRC. (i)(ii)(iii)(iv) T h eG r o u p p r o v i d e s a w i d e r a n g e o f p r o p e r t ymanagementservices and value-added services to avarietyof properties.The properties managed by theGroupcan generally be classified into four categoriesbasedon nature and usage,which are comprised of(i)public properties(including public arenas such asculturalvenues,stadiums,exhibition halls and publictransportation properties such as rail station and airportetc.); (ii) commercial establishments (including shoppingmalls, hotels, commercial and entertainment complexes)and office buildings; (iii) residential properties; and (iv)others(including schools,land parcels,industrial areasand properties under construction). T h ei n t e g r a t e d u r b a n s a n i t a r y s e r v i c e s i n c l u d eroadcleaning,refuse classification,collec tion andtransportation and maintenance of public environmentalsanitaryfacilities such as public toilets and garbagecontainers. CHAIRMAN’S STATEMENT Mr. Xiao XingtaoChairman Dear Shareholders, 20241231 On behalf of the Board of Directors of Riverine ChinaHoldings Limited together with its subsidiaries, I wouldlike to present the annual report of the Group for theyear ended 31 December 2024. ANNUAL