中国奥园二零二五年中期报告

Group Introduction China Aoyuan was listed on the Main Board of the Stock Exchange in October 2007 (Stock Code: 3883.HK). As thepioneer of composite real estate in China, China Aoyuan integrated related themes into real estate development, withan aim to create harmonious and excellent living experience and cultural value for customers with the concept of“building a healthy lifestyle”. The Group focuses on the Guangdong-Hong Kong-Macao Greater Bay Area, and coversfour major regions which include South China, core region of Central and Western China, East China, and Bohai Rim.China Aoyuan has established an extensive urban redevelopment layout. Looking forward, the Group is committed tobeing a leader in healthy living, striving to meet the property delivery target, while achieving sustainable and steadydevelopment. 3883.HK Content Definitions2 Management Discussion and Analysis7 Corporate Governance and Other Information13 Condensed Consolidated Statement of Profit or Loss andOther Comprehensive Income 23 Condensed Consolidated Statement of Financial Position25 Condensed Consolidated Statement of Changes in Equity27 Condensed Consolidated Statement of Cash Flows29 Notes to the Condensed Consolidated Financial Statements32 Definitions釋義 “sq.m.” square meters “%”% Corporate Information公司資料 BOARD OF DIRECTORS Executive Directors Mr. Cheng Siu FaiMr. Jiang Zhan Hong(appointed on 31 July 2025)Mr. Chen Zhi Bin(resigned on 31 July 2025) Non-Executive Directors Mohamed Obaid GhulamBadakkan Alobeidli Mr. Mohamed Obaid GhulamBadakkan Alobeidli(chairman)Mr. Guo Zi WenMs. Shi Li Li Independent Non-Executive Directors Mr. Cheung Kwok KeungMr. Lee Thomas Kang BorMr. Wong Wai Keung Frederick AUDIT COMMITTEE Mr. Cheung Kwok Keung(chairman)Mr. Lee Thomas Kang BorMr. Wong Wai Keung Frederick REMUNERATION COMMITTEE Mr. Lee Thomas Kang Bor(chairman)Mr. Cheung Kwok KeungMr. Wong Wai Keung Frederick NOMINATION COMMITTEE Mr. Wong Wai Keung Frederick(chairman)Mr. Cheung Kwok KeungMr. Lee Thomas Kang BorMr. Cheng Siu FaiMs. Shi Li Li(appointed on 28 August 2025) COMPANY SECRETARYMs. Wong Mei Shan AUTHORISED REPRESENTATIVESMr. Cheng Siu FaiMs. Wong Mei Shan AUDITOR SHINEWING (HK) CPA LimitedRegistered Public Interest Entity Auditors www.aoyuan.com.cn CORPORATE WEBSITEwww.aoyuan.com.cn 3883.HK STOCK CODE3883.HK PRINCIPAL BANKERS Bank of China LimitedIndustrial and Commercial Bank of China LimitedAgricultural Bank of China LimitedChina Construction Bank CorporationBank of Communications Co., Ltd.China Minsheng Banking Corp., Ltd.Guangzhou Rural Commercial Bank Co., Ltd.PingAn Bank Co., Ltd.China Everbright Bank Co., Ltd.China Zheshang Bank Co., Ltd.China Bohai Bank Co., Ltd.Hua Xia Bank Co., LimitedShanghai Pudong Development Bank Co., Ltd.Hang Seng Bank LimitedChina Guangfa Bank Co., Ltd. REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands PRINCIPAL PLACE OF BUSINESS IN PRC 108 Aoyuan MansionNo. 108, Huangpu Avenue WestTianhe District, GuangzhouPRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG Units 1503 & P1505, 15/FOne KowloonNo. 1 Wang Yuen StreetKowloon Bay, KowloonHong Kong 1151503 P1505 PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3Building D, P.O. Box 1586Gardenia Court, Camana BayGrand Cayman KY1-1110Cayman Islands Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3Building D, P.O. Box 1586Gardenia Court, Camana BayGrand Cayman KY1-1110Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 183171712–1716 Computershare Hong Kong Investor Services LimitedShops 1712–1716, 17th Floor, Hopewell Centre183 Queen’s Road EastWanchaiHong Kong INVESTOR RELATIONS ir@aoyuan.net(852) 3622 2122(86) 20–3868 6666(852) 2180 6189(86) 20–3868 6688 Email:ir@aoyuan.netTelephone:(852) 3622 2122(86) 20–3868 6666Facsimile: (852) 2180 6189(86) 20–3868 6688 Management Discussion and Analysis管理層討論與分析 I.BUSINESS REVIEW During the Reporting Period, the Group remained firmly committedto “guaranteeing property delivery” as the central focus of itsoperational recovery strategy. Simultaneously, it has acceleratedefforts to address domestic debt risks. Through strengthened costcontrol measures and enhanced sales-driven revenue generationcapabilities, the Group has fostered a bottoming-out and gradualrecovery in its operational fundamentals. 40.243.6 During the Reporting Period, the Group achieved propertycontracted sales of approximately RMB4.02 billion withcontracted GFA sold of approximately 436,000 sq.m.. Details ofproperty contracted sales by region are as follow: 539406 The Group continues to focus on the core cities in the GreaterBay Area. As at 30 June 2025, the landbank in the Greater BayArea had a total GFA of approximately 5.39 million sq.m., withthe attributable GFA of approximately 4.06 million sq.m.. I