港龙中国地产中期报告2025

中 期 報 告2025 Contents目錄 2Corporate Information5Management Discussion and Analysis32Supplementary Information43Interim Condensed Consolidated Statement ofComprehensive Income44Interim Condensed Consolidated Statement ofFinancial Position46Interim Condensed Consolidated Statement ofChanges in Equity48Interim Condensed Consolidated Statement ofCash Flows50Notes to the Interim Condensed Consolidated FinancialInformation Corporate Information公司資料 Board of DirectorsExecutive DirectorsMr. Lui Ming(Chairman)Mr. Lui Jin LingMr. Lui Chi Chung Jimmy Non-executive DirectorsMr. Lui Wing MauMr. Lui Wing Nam Independent Non-executive DirectorsProf. Cheung Ka YueMs. Wu HuaMr. Xiong Lusheng Audit CommitteeProf. Cheung Ka Yue(Chairman)Ms. Wu HuaMr. Xiong Lusheng Remuneration CommitteeMr. Xiong Lusheng(Chairman)Prof. Cheung Ka YueMs. Wu Hua Nomination Committee Mr. Lui Ming(Chairman)Prof. Cheung Ka YueMs. Wu HuaMr. Xiong Lusheng Authorised RepresentativesMr. Lui Jin LingMr. Chan Pui Tak Company SecretaryMr. Chan Pui Tak Registered Office Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands Corporate Information (Continued)公司資料（續） Headquarters in the PRCNo. 11 Building, PortMix South DistrictNo. 2177 Shenkun RoadMinhang DistrictShanghaiChina 217711 Principal Place of Business in Hong Kong Suites 5015/F, Five Pacific Place28 Hennessy RoadWan ChaiHong Kong 285501 The Cayman Islands PrincipalShare Registrar and Transfer Office Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands 1617 Hong Kong Branch Share Registrar Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong Principal BanksDBS Hong KongIndustrial BankBank of China Corporate Information (Continued)公司資料（續） Legal AdvisersAs to Hong Kong Law:CFN Lawyers LLP As to Cayman Islands law:Harney Westwood & Riegels AuditorCCTH CPA LimitedCertified Public AccountantsRegistered Public Interest Entity Auditor 202071506968.HK Listing InformationShare ListingThe Company’s ordinary shares were listed on theMain Board of The Stock Exchange of Hong KongLimited (Stock Code: 06968.HK) on 15 July 2020 Company’s Websitewww.glchina.group www.glchina.group 06968.HK Stock Code06968.HK Management Discussion and Analysis管理層討論與分析 GENERAL OVERVIEWReview of the first half of 2025 and outlook for the second half of 2025 20252025 The real estate industry as a whole continued to face severe downwardpressure during the first half of 2025. For the six months ended 30June 2025, the Group in total delivered properties amounting toapproximately RMB1,631 million, with an area of approximately 177,042sq.m.. 202520256301,631177,042 2025 Faced with the severe challenges in the industry, the Group has alwaysadhered to the corporate vision of “becoming a city builder for a betterlife” and carried forward the corporate culture of “integrity, pragmatism,simplicity and efficiency”. The Group has set goals for 2025, unitingin its efforts and making proactive responses. Firstly, the Groupstrengthened its marketing efforts and balanced quantity with price. Weformulated targeted and diverse marketing strategies tailored to differentmarkets to proactively respond to market changes, and enhancedinventory clearing and cash collection management, striving to achieveour sales targets. We enhanced the construction of marketing system,innovated online marketing methods, and at the same time carried outexternal channel cooperation to expand online and offline customerleads. Through internal training on marketing, we strengthened marketprediction and enhanced marketing capability. Secondly, we reducedcosts and ensured financial stability by means of cost-saving andcost control measures. The scope of control was expanded fromconstruction work to marketing and administration, etc., leveraging theadvantages of centralized purchasing to reduce procurement costs. Weproactively optimized our debt structure and financing costs to ensurethe safety of cash flow. Thirdly, the Group focused on its core businessand accelerated cash collection to support cash flow. Fourthly, theGroup constructed with craftsmanship and ensured quality delivery. Wemade continuous improvements in construction control and establisheda comprehensive quality control system covering from material quality,site management and construction inspection to delivery evaluation. With stagnant income expectations and a persistently negative outlookon housing prices, it is expected that China’s real estate market willcontinue to face adjustment pressures in the second half of 2025