中原建业二零二五年中期报告

2CORPORATE INFORMATION公司資料6CORPORATE PROFILE公司簡介8CHAIRMAN’S STATEMENT主席報告14FINANCIAL HIGHLIGHTS財務摘要15MANAGEMENT DISCUSSION AND ANALYSIS管理層討論及分析30DISCLOSURE OF INTERESTS權益披露34CORPORATE GOVERNANCE AND OTHER INFORMATION企業管治及其他資料46CONSOLIDATED STATEMENT OF PROFIT OR LOSS綜合損益表47CONSOLIDATED STATEMENT OF PROFIT OR LOSS ANDOTHER COMPREHENSIVE INCOME綜合損益及其他全面收益表48CONSOLIDATED STATEMENT OF FINANCIAL POSITION綜合財務狀況表50CONSOLIDATED STATEMENT OF CHANGES IN EQUITY綜合權益變動表52CONDENSED CONSOLIDATED CASH FLOW STATEMENT簡明綜合現金流量表54NOTES TO THE UNAUDITED INTERIM FINANCIAL REPORT未經審核中期財務報告附註 CORPORATE INFORMATION公司資料 董事會 BOARD OF DIRECTORS 主席及非執行董事 Chairman and non-executive Director Mr. Wu Po Sum 執行董事 Executive Directors Mr. Hu BingMr. Chen Aiguo (resigned on 1 July 2025)Mr. Duan Juwei (resigned on 24 July 2025) 2025712025724 獨立非執行董事 Independent non-executive Directors Mr. Xu YingMr. Liu DianchenMs. Yan Yingchun 董事委員會 BOARD COMMITTEE 審核委員會 Audit committee Mr. Liu Dianchen(chairman)Mr. Xu YingMs. Yan Yingchun 薪酬委員會 Remuneration committee Ms. Yan Yingchun(chairman)Mr. Wu Po SumMr. Xu Ying 提名委員會 Nomination committee Mr. Wu Po Sum(chairman)Mr. Xu YingMs. Yan Yingchun 於開曼群島的註冊辦事處 REGISTERED OFFICE IN THE CAYMANISLANDS Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1–1111Cayman Islands Cricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1–1111Cayman Islands 中國主要營業地點及總部 PRINCIPAL PLACE OF BUSINESS ANDHEADQUARTERS IN CHINA C212313 Room 212, 313, Block CJianye Office BuildingNongye East RoadZhengzhou CityHenan ProvincePRC 根據《公司條例》第16部登記的香港主要營業地點 PRINCIPAL PLACE OF BUSINESS IN HONGKONG REGISTERED UNDER PART 16 OFTHE COMPANIES ORDINANCE 2161602–1605 Room 1602–1605, 16/F,Tower 2, The Gateway,Harbour City,Tsim Sha Tsui,Kowloon,Hong Kong 公司網站www.centralchinamgt.com COMPANY’S WEBSITE www.centralchinamgt.com 公司秘書FCGHKFCG(PE) COMPANY SECRETARY Ms. Ho Wing NgaFCG, HKFCG(PE) 上市規則項下授權代表 AUTHORISED REPRESENTATIVES(UNDER THE LISTING RULES) Mr. Hu BingMs. Ho Wing Nga CORPORATE INFORMATION公司資料 開曼群島主要股份過戶登記處 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN THE CAYMAN ISLANDS Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1–1111Cayman Islands Conyers Trust Company (Cayman) LimitedCricket SquareHutchins DriveP.O. Box 2681Grand Cayman KY1–1111Cayman Islands 香港股份過戶登記處 HONG KONG SHARE REGISTRAR 香港中央證券登記有限公司183171712–1716 Computershare Hong Kong Investor Services Limited Shops 1712–171617th Floor, Hopewell Centre183 Queen’s Road EastWanchai, Hong Kong 主要往來銀行 PRINCIPAL BANKS China Everbright Bank, Zhengzhou Tianyun Street Sub-branchBank of China, Zhengzhou Jianye Road Sub-branchBank of China (Hong Kong) LimitedIndustrial and Commercial Bank of China (Asia) Limited 法律顧問 LEGAL ADVISORS 有關香港法律： As to Hong Kong law:Iu, Lai & Li Solicitors & Notaries 有關開曼群島法律： As to Cayman Islands law:Conyers Dill & Pearman 合規顧問 COMPLIANCE ADVISOR Ignite Capital (Asia Pacific) Limited Ignite Capital (Asia Pacific) Limited CORPORATE INFORMATION公司資料 獨立核數師 INDEPENDENT AUDITORS 栢淳會計師事務所有限公司 Prism Hong Kong Limited Public Interest Entity Auditor registered in accordance with theAccounting and Financial Reporting Council Ordinance 股東資料 SHAREHOLDERS’ INFORMATION 股份上市 Share listing The Company’s shares are listed on the Main Board of The StockExchange of Hong Kong Limited Ordinary Shares (as at 30 June 2025)Issued shares: 3,865,617,028 sharesNominal value: HK$0.01 per share 普通股（於2025年6月30日）3,865,617,0280.01 投資者關係聯絡電郵： INVESTOR RELATIONS CONTACT: ir@centralchinamgt.com ir@centralchinamgt.com CORPORATE PROFILE公司簡介 20215 31中 原建業本公司本集團9982.HK聯交所 On 31 May 2021, Central China Management Company Limited(hereinafter referred to as “CCMGT” or the “Company”, togetherwith its subsidiaries, the “Group”, stock code: 9982.HK) wasofficially listed on the Main Board of The Stock Exchange of HongKong Limited (the “Stock Exchange”). After years of development,CCMGT has possessed independent capital, construction andmanagement capabilities, and embarked on a path of independent,national, large-scale and professional development, especially in thebusiness model, operation logic, engineering construction andpartner resource management. 2025630中國9138242460建 築 面 積5,634.162.5%5010% As of 30 June 2025, CCMGT signed contracts on projectmanagement projects in 138 counties and above-county-level citiesin 9 provinces, municipalities and autonomous regions in thePeople’s Republic of China (the “PRC”), and cooperated with 242partners on 460 projects. Its cumulative contracted gross floor area(“GFA”) stood at approximately 56.3 million square metres (“sq.m.”),with the repeat cooperation rate of 62.5%. It served more than500,000 property owners. CCMGT has a well-established marketingand management team, and with its mature development capabilityand brand superiority, it has been able to bring higher premiums toits partners, with average selling prices 10% higher than those o