绿城中国二零二五年中期报告

CORE VALUES Sincerity KindnessExquisiteness Perfection CONTENTS目錄 2481121233032Independent Review Report51Interim Condensed ConsolidatedStatement of Profit or Loss andOther Comprehensive Income53Interim Condensed ConsolidatedStatement of Financial Position55Interim Condensed ConsolidatedStatement of Changes in Equity58Interim Condensed ConsolidatedStatement of Cash Flows60Notes to the Interim CondensedConsolidated Financial Information64Definition114 Corporate ProfileCorporate InformationLand Bank InformationManagement Discussion andAnalysisOperation ReviewProspectsFinancial AnalysisCorporate GovernanceOther Information 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十五年保持領先，並獲得「2025中國房地產百強企業穩健性Top10」1、「中國房地產交付力優秀企業」1等榮譽。 Greentown China Holdings Limited is a leading qualityproperty developer and an integrated living service providerin China. It maintains a leadership position in the industry byvirtue of the quality of its properties, its unique architecturalaesthetics, and its customer-centric services. The Companyhas been awarded the “Top10 among 100 Chinese RealEstate Enterprises by Comprehensive Strength”1for 21consecutive years and maintained a leading position incustomer satisfaction in core cities in which it operates for 15consecutive years. It has also received honors such as “Top10among 100 Chinese Real Estate Enterprises by Stabilityin 2025”1and “China Excellent Real Estate Enterprises byDelivery Strength”1. 199512006728.88% 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 28.88% of the total issued share capital of the Company. 公司簡介Corporate Profile 2020709979 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, namelyasset-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. 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. The Company has always adhered to its corporate values of “Sincerity, Kindness,Exquisiteness, Perfection”, and has achieved encouraging progress on the path of“being an excellent enterprise, constructing good houses and creating wonderfullives”. In the first half of 2025, the Company has been continuously accumulatingdevelopment momentum and improving operational quality, with contractedsales of approximately RMB122.2 billion, ranking second in the industry, andnewly-added saleable value ranking third in the industry. 20251,222 Top10 Looking ahead, the Company will adhere to its strategic principle with the aimof building the “quality benchmark among the Top10” and the strategic pivotpoints of “best understanding of customers and best understanding of products”,continue to implement its strategy of “customer-oriented product offering”, whilebuilding Greentown “Good Houses” with the goal of being “gorgeous, extremelyvirtuous, the smartest, low-carbon, full-cycle and healthy”, and constantly meetpeople’s pursuit of better life. 公司資料Corporate Information Board of Directors Chairman of the Board and non-executive DirectorMr LIU Chengyun (Appointed with effect from 26 March 2025) 2025326 Executive Directors Mr GUO Jiafe