易居企业控股2024年度报告

E-House (China) Enterprise Holdings Limited易居（中國）企業控股有限公司 （於開曼群島註冊成立的有限公司）Stock Code股份代號：2048(Incorporated in the Cayman Islands with limited liability) 中國創新的、基於房地產數據的房地產交易服務商 Annual Report年度報告2024 151Consolidated Statementof Profit or Loss and OtherComprehensive Income153Consolidated Statementof Financial Position155Consolidated Statement ofChanges In Equity157Consolidated Statement ofCash Flows160Notes to the ConsolidatedFinancial Statements334Five Year Financial Summary336Definitions 2Corporate Information5Business Review and Outlook6Financial Highlights7Management Discussion andAnalysis14Directors and SeniorManagement25Report of the Directors77Corporate Governance Report97Environmental, Social andGovernance Report146Independent Auditor’s Report 公 司 資 料CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Zhou Xin(Chairman and Chief Executive Officer)Mr. Huang CanhaoDr. Cheng Li-LanDr. Ding Zuyu Non-Executive Directors Ms. Jiang Shanshan(resigned on 30 August 2024)Dr. Yang Yong(resigned on 24 February 2025)Mr. Song JiajunMr. Chen DaipingMs. Yuan Li(appointed on 30 August 2024) 20248302025224 2024830 Independent Non-Executive Directors Mr. Zhang BangMr. Zhu HongchaoMr. Wang LiqunMr. Li Jin AUDIT COMMITTEE Mr. Zhang Bang(Chairman)Mr. Wang LiqunMr. Li Jin REMUNERATION COMMITTEE Mr. Zhu Hongchao(Chairman)Mr. Wang LiqunDr. Cheng Li-Lan NOMINATION COMMITTEE Mr. Zhou Xin(Chairman)Mr. Zhu HongchaoMr. Wang Liqun COMPANY SECRETARY Mr. Cheng Ching Kit AUTHORIZED REPRESENTATIVES Dr. Cheng Li-LanMr. Huang Canhao(resigned on 30 August 2024)Ms. Yuan Li(appointed on 30 August 2024) 20248302024830 AUDITOR Zhonghui Anda CPA LimitedCertified Public Accountants REGISTERED OFFICE Maples Corporate Services LimitedPO Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands Maples Corporate Services LimitedPO Box 309Ugland HouseGrand Cayman, KY1-1104Cayman Islands HEADQUARTERS 11/F, Yinli Building383 Guangyan Road, Jing’an DistrictShanghai 200072, China PRINCIPAL PLACE OF BUSINESS IN HONG KONG 40th Floor, Dah Sing Financial CentreNo. 248 Queen’s Road EastWan Chai, Hong Kong 24840 LEGAL ADVISORS As to Hong Kong law and United States law Skadden, Arps, Slate, Meagher & Flom and affiliates As to Cayman Islands law Maples and Calder (Hong Kong) LLP 公 司 資 料CORPORATE INFORMATION HONG KONG SHARE REGISTRAR Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong 171712-1716 P R I N C I P A LS H A R ER E G I S T R A RA N DTRANSFER OFFICE Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands Maples Fund Services (Cayman) LimitedPO Box 1093, Boundary HallCricket SquareGrand Cayman, KY1-1102Cayman Islands PRINCIPAL BANKER Shanghai Pudong Development Bank Co., Ltd. (Nanhui Branch)China CITIC Bank (Shanghai Hongkou Branch)Bank of Communications (Shanghai Zhabei Branch)China Merchants Bank (Dongfang Branch) STOCK CODE 2048 2048 COMPANY WEBSITE www.ehousechina.com www.ehousechina.com In2024,manycitiesinChinaintroducedpoliciestoencouragereal estate purchase. Since the second half of the year, the centralgovernment has stepped up its policy efforts, and the Political Bureaumeeting on 26 September 2024 emphasized “promoting stability andrecovery in the real estate market”. While the real estate market hasshown signs of stabilization, the overall conditions remained weak.Over 80% of the top 100 real estate developers recorded year-on-yeardecrease in cumulative results. The Group continued to be affectedby such weakness of the industry, with total sales revenue falling by14.6% year-on-year during the Reporting Period. Amidthischallengingenvironment,theGroupcontinuedtofocuson cost reduction and cash flow, and achieved a 6.1% year-on-yearreduction in total net loss. The majority of the Group’s business unitsbecame profitable on a regular operating basis. The Company continued to work closely with its creditors and advisorson the restructuring of its offshore debt (the “Restructuring”) in2024. Reference is made to the announcement of the Company dated2 April 2024 in relation to the Restructuring (the “Announcement”).As disclosed in the Announcement, in light of the termination of thePrior Schemes described in the announcement dated 28 March 2024,the Company intends to propose New Schemes to the holders of theOld Notes and the holders of the Convertible Note (each as definedintheAnnouncement).TheCompanyisactivelyworkingwithitsfinancial adviser on the new restructuring proposal and will providean update to its creditors as soon as possible. Looking ahead to 2025, the Group expects that the outlook for thereal estate industry will remain challenging, and the stabilization ofreal estate sales and the recovery of confidence on the demand sidewill take some time to materialize. The Group will continue to focusoncostcontrolandcashflowtomaintainsustainableopera