Financial Performance - Landsea Green Properties reported a total revenue of approximately HKD 3.5 billion for FY2021, representing a year-on-year increase of 15%[22]. - The company achieved a gross profit margin of 25% in FY2021, compared to 22% in the previous year, indicating improved operational efficiency[22]. - Landsea's total revenue for 2021 was approximately RMB 8.08 billion[101]. - The company reported a total revenue of $1.2 billion for the fiscal year, representing a 15% increase year-over-year[144]. - The company provided guidance for the next fiscal year, projecting revenue growth of 10% to $1.32 billion[146]. - The gross margin improved to 35%, up from 30% in the previous year, reflecting better cost management[144]. Market Expansion and Strategy - Landsea Green Properties plans to expand its market presence by entering three new cities in 2022, aiming for a 20% increase in sales volume[22]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by 2025[144]. - Landsea aims to transform from a traditional asset-heavy model to an asset-light model, enhancing its investment capability through quality joint venture projects[111]. - The company aims to complete its strategic transformation in 2022, emphasizing product differentiation, asset-light transformation, and revenue diversification[127]. - Landsea plans to launch an option incentive plan for management and core team to enhance motivation and performance[127]. Sustainability and Innovation - The company is investing HKD 500 million in new technology for sustainable building practices, expected to enhance project efficiency by 30%[22]. - User data indicates a 40% increase in customer inquiries for eco-friendly properties, reflecting a growing market trend towards sustainability[22]. - Landsea aims to reduce carbon emissions by 15% across its projects by 2025, aligning with global sustainability goals[22]. - The company is actively involved in discussions and initiatives aimed at achieving carbon neutrality in the construction sector[91]. - Research and development expenses increased by 30% to $150 million, emphasizing innovation in green technologies[146]. Project Development and Sales - Landsea's contracted sales for "Landsea Products" reached approximately RMB 47.15 billion, with a contracted GFA of about 2.64 million sq.m. in 2021[101]. - The contracted gross floor area (GFA) for 2021 was 2,635,383 sq.m., representing a 12.9% increase from 2,333,585 sq.m. in 2020[170]. - The Group secured 59 projects in 2021, with 15 located in China and 44 in the United States, all under development for sale[171]. - The new project saleable area increased to 2,719,499 sq.m. in 2021, with an expected saleable value of approximately RMB 46.48 billion[174]. - The average selling price for contracted sales was RMB 17,296 per sq.m.[179]. Awards and Recognition - Landsea was awarded as one of the "2021 Best 100 of China Real Estate Developers" and ranked among the "2021 TOP 10 of Performance of China Real Estate Developers" in March 2021[57]. - In May 2021, Landsea Green Properties was ranked 59th in the "2021 Best 100 China Real Estate Listed Companies with Strongest Comprehensive Strengths" and received the second prize for "2021 Best 5 of China Real Estate Listed Companies of Risk Management"[65]. - Landsea was named TOP1 of the CITI Index in the real estate sector for five consecutive years at the 2021 Green Supply Chain & Climate Action Forum in October 2021[69]. - Landsea Green Properties was awarded the "Listed Company with the Highest Investment Value for the 14th Five-Year Plan" at the 11th Hong Kong International Finance Forum in December 2021[70]. Management and Governance - The company has a strong management team with extensive experience in finance and real estate operations, enhancing its strategic decision-making capabilities[149]. - Mr. Rui Meng has been appointed as an independent non-executive director since May 27, 2019, and serves as the chairman of the Audit Committee[147]. - Mr. Zhou Kunpeng has been the vice president of Landsea Green Properties since October 2020, responsible for manpower management and customer service[150]. - The management team has a diverse educational background, including degrees from prestigious institutions, which supports the company's strategic initiatives[155]. Challenges and Industry Trends - The real estate industry in China is facing significant challenges, with a rapid decline in investment growth rates and a shift towards organic growth with low profits and leverage[100]. - The future direction of the real estate industry in China is expected to shift towards a more eco-friendly and low-carbon approach, focusing on existing housing markets alongside new housing[122]. - The real estate market in China is transitioning from a focus on new housing to a more balanced approach that includes existing properties, indicating a shift towards sustainable and quality living[124].

Sales Performance - In the first half of 2021, Landsea recorded contracted sales of approximately RMB23.40 billion, representing a year-on-year increase of approximately 81.6%[18]. - The contracted gross floor area (GFA) was approximately 1.48 million sq.m., with a year-on-year increase of approximately 101.1%[18]. - The net core profit for the period was approximately RMB132 million, reflecting a year-on-year increase of approximately 29.5%[18]. - The overall national real estate market in China maintained rapid growth, with sales area and value hitting record highs over the same period in previous years[16]. - The total contracted sales of property projects in which the Group held equity interests amounted to approximately RMB12.52 billion, with a contracted sales area of 706,907 sq.m.[75]. - The average selling price for contracted sales was RMB17,716 per sq.m.[75]. - The average selling price in China was approximately RMB25,009 per sq.m., significantly up from RMB13,103 per sq.m. in the first half of 2020[113]. - The average contracted sales price for various projects varied, with some reaching as high as RMB106,117 per sq.m.[80]. Project Development - As of June 30, 2021, Landsea had built 141 green residential projects in 36 cities across China, with a green residential development area exceeding 25 million sq.m.[19]. - The Group secured 17 projects during the period, with 8 located in China and 9 in the United States[18]. - The Group acquired 8 new projects in cities such as Tianjin, Chongqing, and Wuhan, with a saleable value of approximately RMB 17.35 billion and a saleable area of 850,000 sq.m.[27]. - The new project saleable area was 1,438,009 sq.m. with an expected saleable value of approximately RMB26.73 billion[71]. - The Group's project reserves indicate a strong potential for future revenue generation, with significant expected saleable values across various projects[89]. - The total GFA for future development is 1,000,000 sq.m. across various projects[92]. - The company is focusing on expanding its market presence in key cities such as Nanjing and Suzhou[92]. Financial Performance - For the half year ended June 30, 2021, the Group's revenue was approximately RMB3.54 billion, representing an increase of approximately 24.0% compared to RMB2.85 billion in the first half of 2020[113]. - The Group recognized sales revenue from subsidiaries of approximately RMB3.13 billion, with a total sales area of 168,535 sq.m., primarily from projects in Shanghai and Tianjin in China, and various locations in the United States[113]. - The Group recorded property development and management services income of approximately RMB405 million, with a gross profit margin maintained at 57%[115]. - The gross profit margin for the Group was approximately 22.6%, an increase of 4.9 percentage points compared to 17.7% in the first half of 2020[111]. - The net core profit for the half year ended June 30, 2021, was approximately RMB 132 million, representing an increase of about 29.5% compared to RMB 102 million in the first half of 2020[140]. - The Group's loss for the period amounted to approximately RMB 442 million for the half year ended June 30, 2021, compared to a net profit of approximately RMB 188 million in the first half of 2020[140]. Market Expansion - Landsea Homes secured a saleable area of approximately 588,000 sq.m. and a saleable value of approximately RMB 9.39 billion for new projects in California, Arizona, Texas, and Florida, representing a year-on-year increase of 129%[37]. - The Group has been expanding its market presence in Texas and Florida, connecting five major metropolitan areas on the East and West Coasts[75]. - The Group's strategic focus includes product differentiation, asset-light transformation, and revenue diversification to achieve green property product capabilities[60]. - The Group's asset-light model has built a solid financial foundation and strong operational capabilities, enhancing its resilience against market risks[56]. Environmental and Governance Initiatives - The establishment of the ESG committee under the board aims to integrate ESG governance into corporate business strategies and decision-making processes[44]. - The Green Chain Action's green procurement program expanded from 4 to 13 categories, with the number of compliant companies increasing to 3,874[38]. - The national carbon emissions trading market was officially opened on July 16, 2021, promoting green and low-carbon development in the real estate sector[46]. Debt and Financial Health - As of June 30, 2021, the Group's cash and cash equivalents amounted to approximately RMB3.94 billion, down from RMB5.25 billion as of December 31, 2020[143]. - The total indebtedness of the Group as of June 30, 2021, was approximately RMB7.07 billion, an increase from RMB6.55 billion as of December 31, 2020[148]. - The proportion of short-term debts as of June 30, 2021, was approximately 20.3%, up from 13.1% as of December 31, 2020[150]. - The net debts of the Group as of June 30, 2021, were approximately RMB3.21 billion, compared to RMB1.42 billion as of December 31, 2020[150]. - The Group's net debts to equity ratio was approximately 52.8% as of June 30, 2021, significantly higher than 25.9% as of December 31, 2020[150]. Employee and Corporate Governance - The Group employed 1,940 employees as of June 30, 2021, an increase from 1,614 employees as of December 31, 2020, reflecting a growth in workforce[164]. - Employee remuneration adjustments are based on duties, performance, and professional experience, ensuring competitive compensation practices[167]. - The Group had no material contingent liabilities as of June 30, 2021, indicating a stable financial position[163].

2 LANDSEA朗诗 朗 詩 綠 色 地 產 有 限 公 司 Landsea Green Properties Co., Ltd. (Incorporated in Bermuda with limited liability) (於百慕達注冊成立之有限公司) Stock Code 股份代號 : 106 号 Annual Report 2020 年報 8 19 a MED B 1341 80 11 ming 17 国 (1112) 日 (12.2 30 10 48 |50 | are = : = | 1 P 10 F P 1 CONTENTS 目錄 | --- | --- | |----------------------------------------------------------------|----------------------------------| | | | | Corporate Information | 公司資料 | | Major Events and Accolades of Landsea Green Properties in 2020 | 朗詩綠色地產 2020 ...

9) LANDSEA朗诗 朗 詩 綠 色 地 產 有 限 公 司 Landsea Green Properties Co., Ltd. (formerly known as Landsea Green Group Co., Ltd.)(前稱為朗詩綠色集團有限公司) | --- | --- | --- | --- | --- | --- | |-------|------------------------------------------------------------------------------|-------|----------------|-------|-------| | | | | | | | | | (Incorporated in Bermuda with Iimited liability)(於百慕達註冊成立之有限公司) | | | | | | | 中期報告 2020 | | | | | | | | | | | | | | = | | 【】【【】【】 | | | | | | | REEN LIFE | | | | | | | 引領綠色生活 | | | Contents 目錄 ...

2 LANDSEA朗诗 朗 詩 綠 色 地 產 有 限 公 司 Landsea Green Properties Co., Ltd. (formerly known as Landsea Green Group Co., Ltd.) (前稱為朗詩綠色集團有限公司) (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) Stock Code 股份代號：106 Annual Report 2019 年報 Leading 5 ell \ Life 引領綠色生活 ARBARABARARANE AND AND ABBARARARARAAA IDDAN ki ri STERN MINNER and 中国日常日报道 中国日报道： CoNTENTS 目錄 Corporate Information 公司資料 4 Major Events and Accolades of Landsea Green Properties in 2019 朗詩綠色地產2019年大事記與榮譽 6 Chairman's Statement 主席報告 18 Biographi ...

LANDSEA朗诗 - 引 领 绿 色 生 活 一 朗 詩 綠 色 集 團 有 限 公 司 Landsea Green Group Co., Ltd. (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) Stock Code 股份代號：106 Interim Report 2019 中期報告 Leading Contents 目錄 Corporate Information 公司資料 2 Chairman's Report 主席報告 4 Management Discussion and Analysis 管理層討論及分析 12 Report on Review of Interim Financial Information 中期財務資料的審閱報告 44 Condensed Consolidated Statement of Comprehensive Income 簡明綜合全面收益表 46 Condensed Consolidated Balance Sheet 簡明綜合資產負債表 50 Condensed Consolidat ...

Landsea Green Group Co., Ltd. 朗詩綠色集團有限公司 Annual Report 2018 年報 This report is printed on environmentally friendly paper 本報告以環保紙印製 朗詩綠色集團有限公 司 Landsea Green Group Co., Ltd. (Incorporated in Bermuda with limited liability)（於百慕達註冊成立之有限公司） Stock Code 股份代號：106 Annual Report 2018年報 Leading Green Life 引 領 綠 色 生 活 1000 TIP 67 1 8 th 01 01 11 2 2 2 ar 展览号 FB 83 COLL an E 11 # 数据 0 D B P LF int! AT INTERNATIONAL PRODUCTION time MUGHUUUUU Contents目錄 4 Corporate Information 公司資料 6 Major Events and Accolades of Landsea ...