（於 香 港 註 冊 成 立 之 有 限 公 司） （股 份 代 號：185） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 ZENSUN ENTERPRISES LIMITED 正商實業有限公司 截 至2024年12月31日止年度 截 至2024年12月31日止年度 末期業績公告 本年度財務摘要 業 績 | 2024年 | 2023年 | 人民幣千元 | 附 | 註 | 人民幣千元 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 收 | 益 | 9,542,095 | 20,034,898 | 3 | (9,179,011) | (19,262,196) | 銷售成本 | | | 毛 | 利 | 363,084 | 772,702 | 7,20 ...

600185 证券简称拟变更 格力地产3月18日晚间公告，公司拟变更公司名称、证券简称、经营范围及修订公司《章程》。公 司中文名称拟变更为珠海珠免集团股份有限公司，证券简称拟变更为珠免集团，股票证券代 码"600185"保持不变。 公司经营范围拟变更为许可项目免税商品销售及一般项目以自有资金从事投资活动、企业管理等。 上述事项尚须提交公司股东大会审议，审议通过后尚需在市场监督管理部门申请办理变更登记和备案手 续。 根据格力地产公告，2024年12月31日，公司披露《重大资产置换暨关联交易实施情况报告书》，公 司重大资产置换已实施完成，成功置入珠海市免税企业集团有限公司51%股权，并置出非珠海区域共5 家房地产子公司100%股权。珠海免税已成为公司的控股子公司，公司战略定位变更为以免税业务为核 心，围绕大消费产业链建立运营、投资的企业集团。为准确体现公司战略转型规划，突出主业属性并延 续品牌价值，公司拟变更公司名称及证券简称。变更后的公司名称及证券简称与公司主营业务和未来战 略规划相匹配，符合《公司法》等法律法规和公司《章程》有关规定，不存在损害公司及全体股东利益 的情形。 控股股东股份质押解除后再质押 3月1 ...

| --- | --- | --- | --- | --- | |-------------------------|-------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | ® | | | | | | | | | | | | t : The | | | | | 正商實業有限公司 | ZENSUN ENTERPRISES LIMITED (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司) (Stock Code 股份代號：185) | | | | | | | | | | | | | | | | | INTERIM REPORT 中期報告 | | | | | | | | | | | Table of Contents 目錄 18 Manageme ...

Property Development Projects - As of December 31, 2023, Zensun Enterprises Limited has completed 65 property projects and has 38 ongoing complex property projects, with a total of 90 land parcels under development and planning, covering an aggregate site area of approximately 6.3 million sq.m. and an estimated gross floor area (GFA) of approximately 13.5 million sq.m. in the PRC[9] - The Group's land reserves are expected to yield an estimated saleable/leasable GFA under development of approximately 4.2 million sq.m. and an estimated GFA under planning of approximately 2.5 million sq.m., providing a strong foundation for property development over the next three to four years[9] - Since mid-2015, the Group has completed 161 land acquisitions to support its property development business in Henan Province, Beijing, and Hubei Province[9] - The Group plans to continue identifying new property development projects and bidding for land use rights in selective first and second tier cities in the PRC, with a focus on Henan Province[9] - The Group's strategy includes expanding its business in property development, investment, project management, and hotel operations[8] - The company completed a total of 25 projects with a completed saleable area of approximately 1,000,000 sq.m. as of the end of 2023[67] - The estimated saleable GFA under development is approximately 1,200,000 sq.m., indicating significant growth potential in the upcoming years[74] - The company is actively pursuing market expansion strategies, focusing on residential and commercial developments in Zhengzhou City[70] - The company maintains a diversified portfolio with a mix of residential and commercial properties, enhancing its market position[70] - The company is focusing on expanding its residential and commercial property portfolio in key urban areas[93] Financial Performance - For the financial year ended December 31, 2023, the Group's revenue was approximately RMB20,034.9 million, representing an increase of approximately 107.5% compared to 2022[29] - The Group's gross profit for the same period was approximately RMB772.7 million, reflecting a decrease of approximately 6.6% compared to the previous year[29] - The increase in revenue was primarily due to a higher delivery of saleable/leasable gross floor area from completed property development projects[29] - The decrease in gross profit was attributed to the recognition of lower profit margin property projects and unexpected higher construction costs[29] - The Group's loss attributable to owners for the Year amounted to approximately RMB2,298.5 million, a decrease from RMB2,946.1 million in 2022[111] - Basic loss per share for the Year was approximately RMB120.1 cents, down from RMB154.0 cents in 2022[111] - Revenue from property development in the PRC increased to approximately RMB19,917.7 million, compared to RMB9,591.5 million in 2022, while segment loss decreased to approximately RMB1,554.4 million from RMB2,395.8 million[112] - The Group recorded net other losses of approximately RMB1,610.1 million, down from RMB3,167.7 million in 2022, primarily due to a reduction in write-downs of properties[1] - Finance costs increased significantly by approximately 282.2% to approximately RMB438.6 million from RMB114.8 million in 2022[1] - Income tax expenses rose approximately 265.6% to approximately RMB709.3 million, driven by increased operating profits in the PRC[1] Market Strategy and Future Outlook - The Company aims to enhance its portfolio and brand image in the PRC, USA, and overseas by leveraging its financial, human, and technological resources to create new sustainable revenue streams[11] - The Group plans to maintain a conservative approach and may adjust project development plans in response to changing market conditions[116] - The management remains cautiously optimistic about the long-term prospects of the real estate industry in the PRC[152][153] - The Group will continue to seek cooperation with potential partners to explore capital resources and reduce capital investment in property projects[152] - Future projects are strategically located to capitalize on urban growth and infrastructure development trends[93] Investments and Equity Interests - The Group holds approximately 5.7% equity interest in Global Medical REIT, Inc., a REIT listed on the NYSE, as of December 31, 2023, contributing to long-term capital appreciation through dividend income[10] - The Group holds approximately 5.8% equity interest in GMR, which owns 185 medical and healthcare facilities in the U.S.[33] - AHR, which is 99%-controlled by the Group, owns two senior housing communities in the U.S.[34] - The Group owns 28 SOHO portfolios and four quality residential property portfolios in Singapore for rental and capital appreciation[34] Corporate Governance and Leadership - The Company has a strong governance structure with Mr. Zhang serving on various committees, enhancing its operational oversight[161] - The Company has been recognized as one of the top 100 property development companies in China, co-founded by Mr. Zhang and Ms. Huang[161] - The Company has maintained a stable leadership structure since the change of controlling shareholder in June 2015[3] - The board includes independent directors with significant experience in finance and law, ensuring robust governance[4] - The Company is focused on enhancing its corporate governance and financial management practices through experienced leadership[174] Risk Management and Compliance - The Group's property development business in the PRC is affected by national regulatory measures and macroeconomic conditions, impacting consumer confidence and spending in the property market[176] - The Group recognizes key stakeholders, including employees, customers, and business partners, and maintains continuous dialogue with them to support sustainable development[177] - The Group has complied with applicable laws and regulations significant to its operations as per the relevant regulatory bodies[179] - The Group's performance is susceptible to risks such as land resource availability, construction cost inflation, and liquidity issues among property developers[176]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 ZENSUN ENTERPRISES LIMITED 正商實業有限公司 （於 香 港 註 冊 成 立 之 有 限 公 司） （股 份 代 號：185） 截 至2024年6月30日止六個月 中期業績公告 | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------| | | | | | 本期間財務摘要 | | • | 本期間內收益約為人民幣 183.9 百 萬 元，較 2023 年減少約 96.9% 。 | | • | 本期間內本公司擁有人應佔虧損 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 ZENSUN ENTERPRISES LIMITED 正商實業有限公司 （於 香 港 註 冊 成 立 之 有 限 公 司） （股 份 代 號：185） 截 至2023年12月31日止年度 末期業績公告 | --- | --- | |-------|---------------------------------------------------------------------------------------------------------------------------------| | | | | | 本年度財務摘要 | | • | 本年度內收益約為人民幣 20,034.9 百萬元，較 2022 年的收益約人民幣 9,657.1 百萬元增加約 107.5% 。 ...

The Group has entered into loan agreements with a related company, Henan Zensun Real Estate Co., Ltd.* (河南正商置業有限公司) ("Zensun Real Estate"), which is ultimately controlled by Ms. Huang, pursuant to which Zensun Real Estate will provide unsecured loans to the Group. In the opinion of the directors of the Company, the carrying amounts of the loans approximated their fair values at initial recognition. 16. 來自一間關連公司之貸款 該等金額為無抵押、免息及須按要 求償還。由於正商置業有酌情權可 要求即時還款，故該等款項已列作 流動負債。 17. 股本 Zensun Enterprises Limited 66 正商實 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就 因 本 公 佈 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 ZENSUN ENTERPRISES LIMITED 正商實業有限公司 （於 香 港 註 冊 成 立 之 有 限 公 司） （股 份 代 號：185） 截 至2023年6月30日止六個月 中期業績公佈 本期間財務摘要 • 本期間內收益約為人民幣5,914.1百 萬 元，較2022年增加約50.1%。 • 本期間內本公司擁有人應佔虧損約為人民幣374.5百 萬 元，較2022年本公 司擁有人應佔溢利約人民幣63.3百萬元減少約691.2%。 • 本期間內每股基本虧損為人民幣19.6分，而2022年則為每股基本盈利 人民幣3.3分。 正商實業有限公司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）謹此公佈本公司及其 附屬公司（統 稱「本 集 團」）截 至2023年6月30日止六 ...

世 ZENSUN ENTERPRISES LIMITED 正商實業有限公司 (Incorporated in Hong Kong with limited liability) (於香港註冊成立之有限公司) (Stock Code 股份代號：185) 2022 2 Corporate Profile 公司簡介 3 Corporate Information 公司資料 6 Chairman's Message 主席致詞 11 Hong Kong and Overseas Property Portfolio 香港及海外物業組合 14 Property Development Project Summary in the PRC 在中國物業發展之項目概要 ANNUAL REPORT 年報 目錄 TABLE OF CONTENTS 26 35 Board of Directors and Senior Management 董事會及高級管理層 40 Estimated 89 在美國，於2022年12月31日本集團持有在紐約證 券交易所上市的房地產投資信託基金Global Medical REIT, Inc.（「GM ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 會 就 因 本 公 佈 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 ZENSUN ENTERPRISES LIMITED 正商實業有限公司 （於 香 港 註 冊 成 立 之 有 限 公 司） （股 份 代 號：185） 截 至2022年12月31日止年度 末期業績公佈 本年度財務摘要 • 本年度內收益約為人民幣9,657.1百萬元，較2021年的收益約人民幣13,421.5 百萬元減少約28.0%。 • 本年度內本公司擁有人應佔虧損約為人民幣2,946.1百 萬 元，較2021年 本 公司擁有人應佔溢利約人民幣399.5百萬元減少約837.5%。 • 本年度內每股基本虧損為人民幣154.0分，2021年則為每股基本盈利人 民 幣20.9分。 業 績 正商實業有限公司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）謹此公佈本公司及其 附屬公司 ...