中国三迪2024年报

(incorporated in bermuda with limited liability)Stock code股份代號：910（於百慕達註冊成立之有限公司） Corporate Information2Chairman’s Statement4Management Discussion and Analysis6Corporate Governance Report29Report of the Directors54Independent Auditor’s Report85Consolidated Statement of Profit or Loss andOther Comprehensive Income90Consolidated Statement of Financial Position92Consolidated Statement of Changes in Equity94Consolidated Statement of Cash Flows96Notes to the Consolidated Financial Statements99 Corporate Information EXECUTIVE DIRECTORS Mr. Guo Jiadi(Chairman)Mr. Wang Chao Amika Lan E Guo NON-EXECUTIVE DIRECTORMs. Amika Lan E Guo (re-desginated from an executivedirector on 24 September 2024) INDEPENDENT NON-EXECUTIVE DIRECTORS Ms. Yu Huaxin(appointed on 24 September 2024)Mr. Liao Yiyi(appointed on 13 June 2024)Ms. Zhang Jianchan(appointed on 24 September 2024)Mr. Chan Yee Ping Michael(resigned on 6 September 2024)Mr. Lam Wai Fung Dominic(resigned on 24 September 2024)Ms. Wong Wai Man(retired on 13 June 2024) REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS Unit G, 1/F, Fook Moon Building56-72 Third StreetSai Ying PunHong Kong 56-721G COMPANY SECRETARYMs. Ho Wing Tsz, Wendy AUDITOR CCTH CPA LimitedCertified Public AccountantsRegistered Public Interest Entity Auditors HONG KONG LEGAL ADVISERLoong & Yeung 2China Sandi Holdings LimitedAnnual Report 2024 Corporate Information PRINCIPAL BANKERS Bank of China LimitedChina Everbright Bank Co., Ltd.Bank of Nanjing Co., Ltd.Hua Xia Bank Co., Ltd.Shanghai Pudong Development Bank Co., Ltd. PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda BRANCH SHARE REGISTRAR AND TRANSFEROFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong STOCK CODE910 910 WEBSITEwww.chinasandi.com.cn www.chinasandi.com.cn Chairman’s Statement Dear Shareholders, On behalf of the board (the “Board”) of directors (the“Directors”), I am pleased to present the annual report of ChinaSandi Holdings Limited (the “Company”) and its subsidiaries(collectively referred to as the “Group”) for the year ended31 December 2024 (the “reporting period” or the “Year” or“2024”). RESULTS 2,078,100,00037.1%136,500,00073.2%4,051,700,00079.639.13167,000,00014,14080.2%84.7% Forthe Year,the Group recorded a total revenue ofapproximately RMB2,078.1 million, representing a decreaseof approximately 37.1% as compared with the year ended31 December 2023 (the “previous reporting period” orthe “Previous Year” or “2023”). The gross profit for theYear was approximately RMB136.5 million, representingadecrease of approximately 73.2%as compared withthe Previous Year. The loss attributable to the owners oftheCompany for the Year amounted to approximatelyRMB4,051.7 million. Basic losses per share was RMB79.63cents (2023: earnings per share of RMB9.13 cents). Thecontracted property sales of the Group for the Year wasapproximatelyRMB167.0 million with contracted grossfloor area (“GFA”) of approximately 14,140 square meters(“sq.m.”), representing a decrease of approximately 80.2%in contracted sales and approximately 84.7% in contractedGFA as compared with the Previous Year. REVIEW OF THE REPORTING PERIOD In2024,the relaxation of housing policies providedshort-term impetus to the market. However, due to theimpactof macroeconomic pressure and the event risksassociated with real estate enterprises, the confidence ofbuyers has not been fully restored, and the effectivenessof these policies remains to be observed. According to thedata from the National Bureau of Statistics, from Januaryto December 2024, the national sales area of commercialproperties was approximately 973.85 million sq.m., decreasedby approximately 12.9% as compared with the same periodlast year; the sales amount of commercial properties wasapproximately RMB9,675 billion, decreased by approximately17.1% as compared with the same period last year. 973,850,00012.9%96,75017.1% Amid the continuous downturn of the real estate market, theGroup adhered to the keynote of seeking progress in a stablemanner, ensuring the development and delivery of projects,proper cash flow management and consolidation of strategiclayout advantages to foster a virtuous cycle. Chairman’s Statement PROSPECTS 2026 will be a year of continued recovery, and will see ashift to “full recovery”. In respect of the real estate market,policies to solve the financing difficulties of real estateenterprises, such as the financing “white list” and “threeno less than” have been implemented successively, thereasonable financing needs of real estate enterprises havebeen basically satisfied, and the confidence of high-qualityreal estate enterpri