绿地香港2024 年报

年報ANNUALREPORT 行穩致遠，匠心追夢PURSUING SUSTAINABLE DEVELOPMENTTHROUGH ENDLESS INGENUITY Greenland Hong Kong Holdings Limited (337.HK) is a subsidiary ofGreenland Holdings Corporation Limited (“Greenland Holdings”), one ofFortune Global 500. 337500 Greenland Holdings is a diversified enterprise group with globaloperations. Ever since its establishment in 1992, Greenland Holdingshas created a diversified operation pattern of “focusing on the real estatemarket and infrastructure with coordinated development in emergingindustries such as Consumption, Finance, Health and Technology”and been implementing the development strategies of capitalization,popularization and internationalization with a global presence in over30 countries across five continents. By listing the entire group on China’sA-share market (600606.SH) and having a majority stake in a Hong Konglisted company, Greenland Holdings has established a capital platformintegrating its domestic and overseas resources. Since being recognisedas one of Fortune Global 500 in 2012, Greenland Holdings has been onthe list for consecutive years and held at the top of the ranking among thecompanies listed in Fortune Global 500 which focus on the development ofthe real estate market in China! 1992A(600606.SH)2012500500 937+ A s t h e o v e r s e a s - l i s t e d r e a l e s t a t e p l a t f o r m a n d i n t e r n a t i o n a lbrand display window of Greenland Holdings, Greenland HongKong will continue to strategically deepen the land bank in theYangtze River Delta and the Pan-Pearl River Delta including theGreater Bay Area with the strategic layout of “Two Wings andOne Core”, where the Group has developed in 37 cities across9 provinces up to the present. With “creating a better lifestyle” as the maindirection, the Group will adhere to the product development concepts withGreenland Hong Kong’s characteristics and continue to push ahead withthe “Real Estate +” strategy to establish a comprehensive real estate groupwith a view to allocate resources and enhance efficiency from the strategiclevel. Leveraging the mature brand image, rich advantageous resources,advanced management and passionate corporate culture, Greenland HongKong will comprehensively consolidate the existing resources and fully utilizethe advantages of the capital platform in Hong Kong and remain committedto establishing itself as a benchmark in the Hong Kong capital market formainland China’s real estate players! CONTENTS目錄 15 14 4 Geographical Locations ofProperty Projects Property Investment Financial Highlights Chairman’s Statement 138 68 25 44 CorporateGovernance Report Environmental,Social and GovernanceReport Directors andSenior ManagementProfiles ManagementDiscussion andAnalysis 172 146 164 174 Directors’ Report Consolidated Statementof Financial Position Consolidated Statementof Profit or Loss and OtherComprehensive Income IndependentAuditor’s Report 180Notes to the ConsolidatedFinancial Statements 178 176 345 Consolidated Statementof Changes in Equity Consolidated Statementof Cash Flows Summary ofConsolidatedFinancial Information 347 Glossary FINANCIAL HIGHLIGHTS財務摘要 CHAIRMAN’S STATEMENT主席報告 In 2024, the global economic landscape remained complex and volatile,with uneven recovery across regions and a slight deceleration in the world’sreal GDP growth compared to the previous year. Inflationary pressurespersist, with the annual CPI inflation rate projected at 5.8%. The nominalglobal GDP is expected to reach USD110 trillion, indicating a continuedexpansion in the scale of the world economy. China’s real estate marketexperienced a deep adjustment in 2024, with double-digit declines in salesand investment growth, which was a major factor in the lack of domesticdemand. The central government of China adopted a series of policies fromboth the supply and demand sides to stabilize the real estate market. Underthe influence of factors such as protectionism and intensified geopoliticaltensions, the global economy remained sluggish and was subject to manyuncertainties. 2024 was a critical year for China to realize the objectivesand tasks of the 14th Five-Year Plan, and the Chinese economy as a wholeshowed a warming and improving trend, with the overall operation beingstable and progressing amidst stability. GDPCPI5.8%GDP110 12 China’s real estate market experienced a deep adjustment in 2024, withdouble-digit declines in sales and investment growth, which was a majorfactor in the lack of domestic demand. The central government of Chinaadopted a series of policies from both the supply and demand sides tostabilize the real estate market. In September 2024, the Politburo meetingexplicitly proposed for the first time to “promote the property market tostop further decline and to stabilize”, marking a shift in policy focus from“risk prevention and inventory reduction” to active market rescue effortsto mitigate the negative socio-economic impacts of the market downturn.In