华南城2024年报

CONTENTS 2Corporate Information51Project Portfolio 57Five Years’ Financial Summary 59Biographical Details of Directors andKey Management 71Report of the Directors 28Chairmen’s Statement 99Corporate Governance Report 32Management Discussion and Analysis Consolidated Financial Statements 167Independent Auditor’s Report171Consolidated Statement of Profit or Loss172Consolidated Statement of Comprehensive Income173Consolidated Statement of Financial Position175Consolidated Statement of Changes in Equity177Consolidated Statement of Cash Flows180Notes to Financial Statements CORPORATE INFORMATION (2)(3)(2)(3) Board of DirectorsCo-Chairmen Mr. Li Wenxiong(Non-Executive Director)(2)(3)Mr. Cheng Chung Hing(Executive Director)(2)(3) * Executive Directors* Mr. Wan Hongtao(Chief Operating Officer)Ms. Fang Ling(Group’s Financial Controller)Ms. Xu HongxiaMr. Liu Heng(Group’s Vice President) (1) Non-Executive DirectorsMr. Fung Sing Hong StephenMs. Shen Lifeng(1)Ms. Li AihuaMs. Deng Jin (1)(2)(3)(1)(2)(3)(1)(2)(3)(2)(3) Independent Non-Executive Directors Mr. Leung Kwan Yuen AndrewGBM, GBS, JP(1)(2)(3)Mr. Li Wai Keung(1)(2)(3)Mr. Hui Chiu ChungJP(1)Ms. Zee Helen(2)(3)Dr. Li Xu(2)(3) (CPA) Company SecretaryMr. Chan Hing Chau(CPA) AuditorErnst & Young Legal AdvisorsAs to Hong Kong lawLinklatersReed Smith Richards Butler As to China lawCommerce & Finance Law Offices (1)(2)(3) (1)Member of Audit Committee(2)Member of Remuneration Committee(3)Member of Nomination Committee *202499*2024927 *Ms. Geng Mei resigned as Executive Director and Chief Operating Officer ofthe Group from 9 September 2024.*Mr. Wan Hongtao has been promoted as the Chief Operating Officer of theGroup and will remain as Executive Director of the Company, but has ceasedto act as the Group’s Vice President from 27 September 2024.*Mr. Qin Wenzhong resigned as Executive Director and Group’s FinancialController from 3 April 2024.*Ms. Fang Ling has been appointed as Executive Director and Group’sFinancial Controller from 3 April 2024.*Ms. Cheng Ka Man Carman resigned as Executive Director from 9 September2024.*Ms. Xu Hongxia has been appointed as Executive Director and chairman ofHarbin China South City Company Limited from 9 September 2024.*Mr. Liu Heng has been appointed as Executive Director and Group’s VicePresident from 16 October 2024. *202443*202443*202499 *202499*20241016 Corporate Information (Continued) Principal Bankers Industrial and Commercial Bank of China LimitedPing An Bank Co., Ltd.Bank of China LimitedBank of Dongguan Co., Ltd.Shanghai Pudong Development Bank Co., Ltd.China Construction Bank CorporationBank of Communications Co., Ltd.Bank of Jiangsu Co., Ltd.China CITIC Bank Corporation LimitedBank of Hangzhou Co., Ltd.China Minsheng Banking Corp., Ltd.China Everbright Bank Co., Ltd.Agricultural Development Bank of ChinaIndustrial Bank Co., Ltd.Harbin Bank Co., Ltd.China Zheshang Bank Co., Ltd.China Guangfa Bank Co., Ltd.Bank of Shanghai Co., Ltd.Nanyang Commercial Bank, Limited Registered Office 9353508 Suite 3508, 35/F., Tower 6, The Gateway,9 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong Share Registrar 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th Floor, Hopewell Centre,183 Queen’s Road East, Wanchai, Hong Kong 1668 Listing InformationShare Listing The Stock Exchange of Hong Kong LimitedStock code: 1668 Senior Notes Listing 202449%(ISIN:XS2085883119)202469%(ISIN:XS2120092882)2024109%(ISIN:XS2238030162)2024129%(ISIN:XS2227909640)202784.5%(ISIN:XS1720216388) The Singapore Exchange Securities Trading LimitedThe Company’s 9% senior notes due April 2024(ISIN: XS2085883119)The Company’s 9% senior notes due June 2024(ISIN: XS2120092882)The Company’s 9% senior notes due October 2024(ISIN: XS2238030162)The Company’s 9% senior notes due December 2024(ISIN: XS2227909640)The Company’s 4.5% senior notes due August 2027(ISIN: XS1720216388) Website www.chinasouthcity.com www.chinasouthcity.com (852) 3188-3111(852) 3188-1323ir@chinasouthcity.com Investor Relations Telephone: (852) 3188-3111Fax:(852) 3188-1323Email:ir@chinasouthcity.com PROJECT OVERVIEW China South City has its eight projects layout highlyadhered to important national strategies such as“Greater Bay Area”, the “Belt and Road“ initiativeand “Yangtze River Economic Belt”. PROJECT OVERVIEW Shenzhen China South City Shenzhen China South City Shenzhen (“CSC Shenzhen”), situated at the PinghuLogistics Base in Longgang District, Shenzhen, is the Group’s first project.Shenzhen City, one of the four first-tier cities in China, is located at theheart of the Greater Bay Area amid an extensive transportation network. Longgang District located in the northeast of Shenzhen. With the localgovernment further developing Longgang District as an innovation centrein the east of Shenzhen, its ancillary infrastructure such as logistics,healthcare and education will continue to advance, bringing moreconvenience to merc