新明中国年度报告2024

(Incorporated in the Cayman Islands with limited liability)Stock code2699 CONTENTS目錄 Independent Auditors’ Report130Consolidated Statement of Profit or Loss andOther Comprehensive Income133Consolidated Statement of Financial Position134Consolidated Statement of Changes in Equity136Consolidated Statement of Cash Flows137Notes to the Consolidated Financial Statements139Five-Year Financial Summary223 Corporate Information2Chairman’s Statement4Management Discussion and Analysis8Profiles of Directors and Senior Management33Directors’ Report42Corporate Governance Report58Environmental, Social and Governance Report94 CORPORATE INFORMATION公司資料 董事 執行董事 Mr. Chen Chengshou(Chairman and Chief Executive Officer)Mr. Feng Cizhao (retired on 14 April 2025)Mr. Zhou Fenli (appointed on 9 August 2024 andretired on 14 April 2025) 非執行董事 Non-executive Directors Mr. Cao Zhiqiang (appointed on 9 August 2024 andredesignated on 11 April 2025)Ms. Gao Qiaoqin (retired on 14 April 2025)Mr. Zhou Zhencun (retired on 14 April 2025)Mr. Choi Clifford Wai Hong (resigned on 24 February 2025) 獨立非執行董事 Independent Non-executive Directors Ms. Lee Yin Man (appointed on 9 August 2024)Ms. Huang ChunIian (appointed on 9 August 2024)Ms. Chan Wai Yan (appointed on 11 April 2025) Mr. Khor Khie Liem Alex (retired on 14 April 2025)Mr. Chiu Kung Chak (retired on 14 April 2025)Mr. Lau Wai Leung, Alfred (resigned on 10 December 2024) 審核委員會 AUDIT COMMITTEE Ms. Lee Yin Man(Chairman)(appointed on 9 August 2024) Ms. Huang Chunlian (appointed on 9 August 2024)Ms. Chan Wai Yan (appointed on 11 April 2025) Mr. Khor Khie Liem Alex (retired on 14 April 2025)Mr. Chiu Kung Chak (retired on 14 April 2025)Mr. Lau Wai Leung, Alfred (resigned on 10 December 2024) REMUNERATION COMMITTEE 薪酬委員會 Ms. Lee Yin Man(Chairman)(appointed on 9 August 2024) Ms. Huang ChunIian (appointed on 9 August 2024)Ms. Chan Wai Yan (appointed on 11 April 2025) Mr. Khor Khie Liem Alex (retired on 14 April 2025)Mr. Chiu Kung Chak (retired on 14 April 2025)Mr. Choi Clifford Wai Hong (resigned on 24 February 2025) NOMINATION COMMITTEE 提名委員會 Mr. Chen Chengshou(Chairman)Ms. Lee Yin Man (appointed on 9 August 2024)Ms. Huang ChunIian (appointed on 9 August 2024)Mr. Cao Zhiqiang (appointed on 11 April 2025) Ms. Chan Wai Yan (appointed on 11 April 2025) Mr. Khor Khie Liem Alex (retired on 14 April 2025)Mr. Chiu Kung Chak (retired on 14 April 2025) 2XINMING CHINA HOLDINGS LIMITEDAnnual Report 2024 授權代表 AUTHORIZED REPRESENTATIVES Mr. Kam Chun Ying FrancisMr. Cao Zhiqiang (appointed on 5 March 2025)Mr. Choi Clifford Wai Hong (resigned on 24 February 2025) 公司秘書 COMPANY SECRETARYMr. Kam Chun Ying Francis 註冊辦事處Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands REGISTERED OFFICE Windward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands 中國總部55I HEADQUARTERS IN THE PRC Block I, 5th FloorHengli BuildingNo. 5 Huang Long Road, HangzhouZhejiang Province, the PRC 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS IN HONG KONG Unit D, 7/F, Kee Shing Centre74–76 Kimberley RoadTsim Sha Tsui, KowloonHong Kong 74–767D 公司網址http://www.xinm.com.cn COMPANY’S WEBSITE ADDRESShttp://www.xinm.com.cn 股份過戶登記總處 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands Ocorian Trust (Cayman) LimitedWindward 3, Regatta Office ParkPO Box 1350Grand Cayman KY1-1108Cayman Islands 香港股份過戶登記處1617 HONG KONG SHARE REGISTRAR Tricor Investor Services Limited17/F, Far East Centre16 Harcourt RoadHong Kong 主要往來銀行 PRINCIPAL BANKERS Industrial and Commercial Bank of China, Tengzhou BranchAgricultural Bank of China, Branch of Datong Road, TengzhouChina Construction Bank, Branch of Datong Road, TengzhouAgricultural Bank of China, Taizhou Jiazhi BranchTaizhou Bank, Hongjia Branch 核數師 AUDITOR Global Link CPA LimitedCertified Public Accountants 上市資料 LISTING INFORMATION 02699) The Company’s ordinary shares are listed on the Main Board ofThe Stock Exchange of Hong Kong Limited(Stock Code: 02699) 3新明中國控股有限公司二零二四年年報 CHAIRMAN’S STATEMENT主席報告書 To all Shareholders, I hereby announce the annual results of Xinming China HoldingsCompany Limited (the “Company” or “Xinming China”), for the yearended 31 December 2024 (the “Year under Review”), on behalf ofthe board (the “Board”) of directors (the “Director”) of the Company. 10.010.6%7.610.5%973.8512.9%14.1%9717.1%17.6% Looking back at the year 2024, China’s real estate industrycontinued to face difficulties, including unstable liquidity due tomounting developers’ debt, weakened consumer confidence,weakened demand for property and sales decline, and the continueddecline in property prices. As a result of the ongoing marketdownturn, the total investment in the real estate sector duringthe year ended 31 December 2024 amounted to approximatelyR M B 1 0 . 0 t r i l l i o n , r e p r e s e n t i n g a y e a r - o n - y e a r d e c r