绿城中国二零二四年年报

CORE VALUES Sincerity KindnessExquisiteness Perfection 6 DEVELOPMENT SYNERGIES Image Quality RefinementBrand Integrity Character CONTENTS目錄 002Corporate Profile004Corporate Information008Chairman’s Statement012Financial Highlights016Property Portfolio034Management Discussion and Analysis062Biographical Details of Directorsand Senior Management072Corporate Governance Report091Investor Relations095Report of the Directors133Independent Auditor’s Report143Consolidated Statement of Profit or Lossand Other Comprehensive Income145Consolidated Statement of FinancialPosition148Consolidated Statement of Changes inEquity150Consolidated Statement of Cash Flows154Notes to Financial Statements375Definition 公司簡介Corporate Profile 綠城中國控股有限公司是中國領先的優質房產品開發及生活綜合服務供應商，以優秀的產品質量、獨特的建築美學、以人為本的服務保持行業引領地位。公司連續二十一年榮獲「中國房地產百強企業綜合實力Top10」1，所進駐重點城市客戶滿意度連續十四年保持領先，此外，綠城還憑藉其高品質的產品連續三年榮獲產品力測評榜第一2，並獲得「中國房企品牌價值Top5」「中國房地產高質量發展優秀企業」等榮譽。 Greentown China Holdings Limited is a leading quality property developer and an integrated livingservice provider in China. It maintains a leadership position in the industry by virtue of the quality ofits properties, its unique architectural aesthetics, and its customer-centric services. The Company hasbeen awarded the “Top10 among 100 Chinese Real Estate Enterprises by Comprehensive Strength”1for 21 consecutive years and maintained a leading position in customer satisfaction in core cities inwhich it operates for 14 consecutive years. Meanwhile, Greentown ranked first in the product strengthassessment lists for three consecutive years2for its quality products as well as received honors suchas “Top5 Chinese Real Estate Companies by Brand Value” and “Outstanding Chinese Real EstateEnterprises with High-Quality Development”. Greentown China Holdings Limited was founded in Hangzhou, China in January1995 and listed on the Hong Kong Stock Exchange in July 2006. Wharf and CCCGwere introduced as substantial shareholders successively. As at the date of thisreport, CCCG, Greentown China’s single largest shareholder, was interested inapproximately 28.94% of the total issued share capital of the Company. 綠城中國控股有限公司於1995年1月在中國杭州成立，2006年7月在香港聯交所上市，並先後引入九龍倉、中交集團作為重要股東。於本報告日期，綠城中國的最大單一股東中交集團持有本公司已發行股本總額約28.94%的權益。 歷經三十年的發展，公司秉持「品質為先」的發展戰略指引，佈局房地產上下游業務，形成重資產、輕資產和「綠城＋」三大板塊。重資產板塊聚 Throughout 30 years of development, the Company has adhered to thedevelopment strategy of “quality first” and developed the upstream anddownstream of the real estate business to form three major segments, namely 附註：1.中指院2.中指院、克而瑞及億翰智庫 公司簡介Corporate Profile 焦房產開發業務，持續精進產品力，打造綠城「好房子」； 輕資產板塊強化代建業務，2020年7月正式分拆綠城管理控股有限公司並於聯交所主板上市（股票代碼：09979），市佔率在行業中遙遙領先；「綠城＋」板塊發展和培育不動產產業鏈業務，建立產業生態圈，協同賦能主業。 asset-heavy, asset-light and “Greentown+”. The asset-heavy segment focuseson the real estate development business, and continuously enhances productstrength to build Greentown “Good Houses”. The asset-light segment strengthensthe project management business. In July 2020, Greentown ManagementHoldings Company Limited was officially spun off and listed separately on theMain Board of the Stock Exchange (stock code: 09979), with a market shareranking far ahead in the industry. The “Greentown+” segment develops andcultivates the industry chain business of real estate and establishes an industrialecosystem to collaborate and empower its main business. 作為中國精品物業營造專家，綠城中國一直堅持創新，不斷探索人居關係，在營造美麗建築的基礎上，致力於為更多人打造美好生活。公司立足於浙江，聚焦核心區域，精耕重點城市及優質地塊。綠城中國憑藉優質的開發品質、高質的土地儲備、高效的組織架構、優秀的管理團隊，在業務所及的城市成功樹立品牌形象，並累積了大量高質量項目的開發經驗和卓越的營運能力，為可持續發展提供了強勁動力。 Being a professional developer of premium properties in China, Greentown Chinahas always insisted on innovation and continued to explore the relationshipbetween humans and their living space. Through creating aesthetically pleasingarchitecture, Greentown China is committed to building a better life for morepeople. Based in Zhejiang, the Company focuses its attention on core areas aswell as cultivating footprints in key cities and quality land parcels. Leveraging itssuperior development quality, premium land bank, highly effective organizationalstructure and high-calibre management team, Greentown China has establishedits brand image in all the cities where it operates. The rich experience thatGreentown has accumulated in developing numerous high-quality projectstogether with its outstanding operational capabilities has served to provide strongmomentum for its sustainable development. 一直以來，公司堅守「真誠、善意、精緻、完美」的企業價值觀，堅守「內外出品相、過程求品質、工作有品位、結果樹品牌、隊伍講品行、精神顯品格」的「六品理念」，做好企業、造好房子、為好生活，並取得可喜的進步。2024年，公司取得合同銷售額約人民幣2,768億元，位列行業第三，新增貨值位列行業第四，主要經營指標持續向好，保持了較好的發展動能。 The Company has always adhered to its corporate values of “Sincerity, Kindness,Exquisiteness, Perfection”, and insisted on the “6 Development Synergies” of“Image for internal and external development, Quality for process, Refinementfor working, Brand for results, Integrity for teams, Character for spirits”, achievedencouraging progress on the path of “being an excellent enterprise, constr