Financial Performance - The audited consolidated revenue for 2024 was approximately RMB 13,930.2 million, a decrease of approximately 3.9% from 2023[20]. - Profit attributable to owners of the company in 2024 was approximately RMB 19.9 million, a significant decrease of 95.8% from RMB 479.4 million in 2023[16]. - The basic earnings per share for 2024 was approximately RMB 0.4 cents, down 95.8% from RMB 8.5 cents in 2023[16]. - Gross profit for 2024 was approximately RMB 2,284.9 million, representing an increase of approximately 49.8% from 2023[20]. - The total recognized revenue from properties delivered in FY2024 was approximately RMB 13,192.5 million, representing a decrease of approximately 3.6% from FY2023[67]. - Revenue from property sales accounted for approximately 94.7% of total revenue for FY2024, with a decrease attributed to a reduction in the total GFA of properties delivered[184]. - The Group's cost of sales for FY2024 was approximately RMB 11,645.3 million, representing a decrease of approximately 10.2% from RMB 12,964.8 million in FY2023[185]. - Other income and gains decreased by approximately 27.7% to approximately RMB 70.2 million for FY2024, primarily due to a decrease in bank interest income[187]. - Selling and distribution expenses decreased by approximately 33.4% to approximately RMB 224.9 million for FY2024 from RMB 337.8 million in FY2023[188]. - Administrative expenses decreased by approximately 21.1% to approximately RMB 464.7 million for FY2024 from RMB 589.3 million in FY2023[195]. - Income tax expenses increased by approximately 528.5% to approximately RMB 1,031.3 million for FY2024 from RMB 164.1 million in FY2023, mainly due to an increase in profit before tax[198]. Sales and Contracted Sales - Contracted sales amount for 2024 was RMB 5,868.5 million, down 49.7% compared to RMB 11,669.3 million in 2023[16]. - For FY2024, the Group's contracted sales area was approximately 353,329 sq.m., a decrease of about 42.7% from FY2023's 615,858 sq.m.[154]. - The decline in sales was primarily due to a modest decrease in demand for residential and commercial properties, influenced by cautious market sentiment amid domestic economic challenges[155]. - Major projects contributing to contracted sales included Hidden Dragon Bay and International Office Centre, with respective sales areas of 296 sq.m. and 13,791 sq.m.[156]. - The Group's interest in the contracted sales from the International Office Centre (IOC)A2 project was 66.0%, with a sales amount of RMB 674.7 million[156]. - The Yunxing Imperial Palace project in Kunming achieved a contracted sales amount of RMB 304.6 million, with a sold area of 30,379 sq.m., representing 90.0% interest attributable to the Group[161]. - The Group's sales in Hangzhou included various projects, with Zecui Ju achieving a sales amount of RMB 592.7 million from 34,578 sq.m.[158]. - The Group's strategy includes focusing on major projects in high-demand areas to mitigate the impact of market fluctuations[155]. Assets and Liabilities - Total assets decreased by 19.2% to RMB 39,262.7 million in 2024 from RMB 48,569.8 million in 2023[16]. - The Group's total liabilities included current liabilities of approximately RMB 21,489.9 million and non-current liabilities of approximately RMB 4,894.5 million as of December 31, 2024[200]. - The debt to asset ratio improved to 67.2% in 2024 from 73.3% in 2023[16]. - The net gearing ratio decreased to 29.2% in 2024 from 43.1% in 2023[16]. - As of December 31, 2024, the total GFA of the Group's land bank was approximately 7.42 million sq.m., with unsold or undelivered GFA of completed properties at approximately 2.55 million sq.m.[162]. - The average acquisition cost of the Group's overall land bank was approximately RMB 2,713 per sq.m.[162]. Market Outlook - The real estate market is expected to gradually stabilize and recover due to positive government policies[24]. - The cautious market sentiment is expected to persist, influencing the Group's sales outlook for the upcoming fiscal year[155]. - Nationwide real estate development investment in 2024 amounted to RMB 10,028.0 billion, a decrease of 10.6% compared to the previous year[62]. - The gross floor area of newly built commodity properties sold in 2024 was 973.58 million square meters, a decline of 12.9% from the previous year[62]. - The sales volume of newly built commodity properties in 2024 was RMB 9,675.0 billion, representing a decrease of 17.1%[62]. Operational Highlights - The Group successfully delivered 13 projects, with several achieving simultaneous delivery of properties and certificates, enhancing its reputation in the market[29]. - The Group's commercial operations have seen stable and rising leasing business revenue, with brand upgrades and consumer scenario innovations implemented in key cities[31]. - The Group's commitment to high-quality comprehensive delivery has positioned it among the "Top 5 Zhejiang Real Estate Developers by Delivery Capability" for two consecutive years[29]. - The Group has expanded its business scope into modern agriculture, education, culture, film and entertainment, leisure tourism, and wellness industries to align with overall industry development[172]. - The Group received multiple awards in FY2024, including being ranked among the Top 100 China Real Estate Developers and Top 10 Hong Kong Listed Domestic Property Companies with Financial Stability[176]. Dividends and Financial Management - The company did not propose a final dividend for the year 2024, consistent with 2023[20]. - The Group's dividend policy considers various factors, including operational results, retained earnings, and future expansion plans before declaring any dividends[180]. - The Group's total asset-liability ratio and net debt ratio maintained a good level within the industry, reflecting strong financial management[26].

Financial Performance - For the fiscal year 2024, the total revenue was approximately RMB 13,930.2 million, a decrease of about 3.9% compared to fiscal year 2023[2] - The gross profit for fiscal year 2024 was approximately RMB 2,284.9 million, an increase of about 49.8% from fiscal year 2023[2] - The net profit for fiscal year 2024 was approximately RMB 218.0 million, a decrease of about 24.1% compared to fiscal year 2023[2] - The total comprehensive income for the year was RMB 292.6 million, compared to RMB 309.8 million in the previous year[5] - Total revenue for the year ended December 31, 2024, was RMB 13,930,179, a decrease of 3.9% from RMB 14,490,232 in 2023[20] - Customer contract revenue for 2024 was RMB 13,807,905, down from RMB 14,379,520 in 2023, indicating a decrease of 4.0%[20] - The profit attributable to equity holders of the parent company for fiscal year 2024 was approximately RMB 19.9 million, a decrease of about 95.8% compared to fiscal year 2023[40] - The pre-tax profit for 2024 was RMB 1,249,282,000, a significant increase from RMB 451,207,000 in 2023[31] - The company reported a total tax expense of RMB 1,031,310,000 for 2024, compared to RMB 164,093,000 in 2023[31] Assets and Liabilities - As of December 31, 2024, the group's total asset-liability ratio and net debt ratio were approximately 67.2% and 29.2%, respectively, both maintained at reasonable levels[2] - The total non-current assets as of December 31, 2024, were approximately RMB 11,951.4 million, down from RMB 13,095.1 million in 2023[6] - Current liabilities increased to RMB 21,489.9 million in 2024 from RMB 28,732.8 million in 2023[7] - The net assets as of December 31, 2024, were approximately RMB 12,878.4 million, slightly down from RMB 12,955.2 million in 2023[7] - The company reported a total asset value of RMB 48,569,768 as of December 31, 2023, compared to RMB 39,262,740 in 2024[16] - Total liabilities increased to RMB 35,614,568 in 2024 from RMB 26,384,375 in 2023, marking a significant rise[16] - As of December 31, 2024, the company's total assets were approximately RMB 39,262.7 million, down from RMB 48,569.8 million as of December 31, 2023[109] - The company's total borrowings amounted to approximately RMB 6,542.8 million as of December 31, 2024, down from RMB 8,486.2 million as of December 31, 2023[110] Earnings Per Share - The basic and diluted earnings per share attributable to ordinary shareholders of the parent company for fiscal year 2024 were RMB 0.4 cents, down from RMB 8.5 cents in fiscal year 2023[4] - Basic earnings per share for the year were RMB 19,924,000, down from RMB 479,442,000 in 2023, with a weighted average of 5,635,809,800 shares outstanding[33] Segment Performance - Residential segment revenue was RMB 9,826,423, while the commercial segment generated RMB 4,103,756, contributing to the overall revenue[15] - The residential segment's profit was RMB 118,900, and the commercial segment reported a loss of RMB 1,130,382, resulting in a total segment profit of RMB 1,249,282[15] - In fiscal year 2024, the group's contracted sales area was approximately 353,329 square meters, a decrease of about 42.7% from 615,858 square meters in fiscal year 2023[84] - Contracted sales revenue for fiscal year 2024 was approximately RMB 5,868.5 million, down approximately 49.7% from RMB 11,669.3 million in fiscal year 2023[84] Operational Highlights - The company plans to adopt new and revised international financial reporting standards upon their effective date, with no significant impact expected on financial performance[11] - The company has not identified any single customer contributing over 10% of total revenue for the years ended December 31, 2024, and 2023[19] - The company incurred financial expenses totaling RMB 472,844,000 in 2024, down from RMB 705,769,000 in 2023[28] - The company recognized a loss of RMB 2,863,000 from the sale of subsidiaries in 2024, while no such loss was recorded in 2023[24] Projects and Developments - The "Yunzhichengli" project in Kunming achieved sales revenue of RMB 529.3 million with a sales area of 44,818 square meters, representing 90% of the project equity[45] - The "Xiu Lake He Yuan" project in Yiwu reported a sales revenue of RMB 2,513.9 million from a sales area of 60,438 square meters, achieving 90% project equity[45] - The "International Office Center A2" in Hangzhou generated RMB 2,866.1 million in sales revenue from 64,240 square meters, with a project equity of 66%[45] - The "Lung Ying Hui Jin Zuo" project in Hangzhou recorded sales revenue of RMB 375.6 million from a sales area of 16,623 square meters, achieving 59.4% project equity[45] - The "Nanjing Future City" project achieved sales revenue of RMB 383.0 million with a sales area of 61,680 square meters, representing 90% of the project equity[45] Business Strategy and Future Outlook - The group is expanding its business into commercial operations, smart property management services, and other sectors, including hotel management and leisure tourism[90] - The group aims to maintain sustainable development by diversifying its business and enhancing the interconnectivity of upstream and downstream real estate operations[95] - The group is optimistic about the overall economic and industry development in the Yangtze River Delta region, leveraging its long-term brand and business advantages[125] - The group anticipates that 2025 will be a critical year for the real estate industry, with a gradual release of market demand and stable development expected[124] Governance and Compliance - The group has adopted and complied with the corporate governance code as per the listing rules during the fiscal year 2024[129] - The company is committed to transparency in accordance with listing rules[134] - The board of directors includes five executive directors and three independent non-executive directors[134] - The chairman of the board is Mr. Shi Zhong'an[134] Miscellaneous - The company did not recommend the distribution of dividends for the fiscal year ending December 31, 2024[39] - The announcement date is March 27, 2025[134] - The report will be sent to shareholders at an appropriate time[134] - The annual report for fiscal year 2024 will be published on the Hong Kong Stock Exchange and the company's website[134]

Financial Performance - The Group's revenue for the six months ended June 30, 2024, was RMB 9,282.9 million, an increase of approximately 127.6% compared to the same period in 2023[5]. - Gross profit for the same period was approximately RMB 1,830.0 million, representing an increase of approximately 161.7% year-on-year[5]. - The unaudited profit was RMB 117.9 million, a decrease of approximately 24.5% compared to the corresponding period of 2023[5]. - Revenue from property sales amounted to approximately RMB 8,920.8 million, an increase of approximately 145.9% from RMB 3,627.8 million in the corresponding period of 2023[36]. - The profit for the period was approximately RMB 117.9 million, a decrease of approximately 24.5% from RMB 156.1 million in the corresponding period of 2023[30]. - Total comprehensive income for the period was RMB 142,611, down from RMB 221,063 in the same period last year[99]. - The profit attributable to owners of the Company was approximately RMB 62.5 million, down approximately 68.2% from RMB 196.6 million in 2023[53]. - Basic and diluted earnings per share attributable to equity holders of the parent decreased to RMB 1.11 cents from RMB 3.49 cents in 2023[97]. Sales and Contracted Projects - Contracted sales during the period were approximately RMB 2,875.0 million, a decrease of approximately 61.4% year-on-year, while recognized sales were approximately RMB 8,920.8 million, an increase of approximately 145.9%[10]. - The average sales price per square meter was approximately RMB 21,528.0, reflecting an increase of approximately 3.9% compared to the same period last year[10]. - The Group's recognized GFA sold during the review period was approximately 414,373 sq.m., with a total amount of approximately RMB 8,920.8 million[63]. - The total recognized sales from the Group's projects during the period included significant contributions from various projects, reflecting strong market demand[63]. Financial Position - As of June 30, 2024, the Group had total cash of approximately RMB 1,913.6 million and a net gearing ratio of approximately 44.8%[13]. - The Group's total assets as of June 30, 2024, were approximately RMB 42,393.9 million, a decrease from approximately RMB 48,569.8 million as of December 31, 2023[68]. - The Group's current liabilities were approximately RMB 24,390.6 million as of June 30, 2024, down from approximately RMB 28,732.8 million as of December 31, 2023[68]. - The Group's interest-bearing bank and other borrowings amounted to approximately RMB 7,786.8 million as of June 30, 2024, compared to approximately RMB 8,486.2 million as of December 31, 2023[68]. - The net debt ratio of the Group was 0.45 as of June 30, 2024, compared to 0.43 as of December 31, 2023[76]. Operational Highlights - The Group had more than 40 projects on sale, primarily located in several cities in the Yangtze River Delta region[10]. - China New City Group demonstrated strong resilience in its commercial property operations, with hotel, shopping malls, and leasing segments showing varying degrees of development[15]. - The Group plans to deepen its cultivation in the Yangtze River Delta region and maintain competitiveness in the market[25]. - The Group aims to leverage digitalization to empower operations, reduce costs, and enhance corporate operational effectiveness[26]. Cost and Expenses - The cost of sales rose to approximately RMB 7,452.9 million, an increase of approximately 120.6% from RMB 3,378.9 million in the previous year[40]. - Administrative expenses decreased by approximately 25.7% to RMB 253.6 million from RMB 341.2 million in 2023[49]. - Selling and distribution expenses decreased to approximately RMB 117.1 million, a reduction of approximately 25.9% from RMB 158.1 million in 2023[43]. Market Outlook - The outlook for the real estate industry emphasizes the need for innovative and high-quality products to drive sustainable development[22]. - The real estate industry in China is expected to achieve steady and healthy development in the second half of 2024, driven by government policies and market dynamics[87]. - The Group's future outlook remains positive, supported by ongoing project developments and a robust sales pipeline[63]. Corporate Governance - The Group does not recommend the payment of any interim dividend for the period under review[5]. - The Board does not recommend the payment of an interim dividend for the period under review, consistent with the corresponding period in 2023, which also had no dividend[86]. - The interim financial information has been reviewed and is prepared in accordance with IAS 34, with no significant issues identified[95]. Shareholder Information - As of June 30, 2024, Mr. Shi Zhongan held 3,262,411,200 shares, representing approximately 57.89% of the total shares issued[189]. - The total number of shares issued by the company as of June 30, 2024, was 5,635,809,800[189]. - The total number of shares available for grant under the company's share option scheme is 581,039,080, which is 10% of the shares in issue as of the 2019 AGM[199][200].

Land Reserves - As of June 30, 2024, the total land reserve of the group is approximately 8.10 million square meters, with an average acquisition cost of approximately RMB 2,845 per square meter[3] - The average acquisition cost of land reserves reflects the company's strategic investment approach in real estate[3] - The total land reserve indicates the company's potential for future development projects[3] Financial Communication - The company continues to focus on maintaining accurate and transparent communication regarding its financial performance[3] - The company is committed to providing supplemental information to enhance stakeholder understanding of its operations[3] - The clarification serves to uphold the integrity of the company's financial reporting[3] Governance Structure - The board of directors includes five executive directors and three independent non-executive directors, ensuring a diverse governance structure[4] - The board's composition suggests a strong emphasis on governance and oversight in corporate decision-making[4] Interim Results Announcement - The company issued a clarification regarding a printing error in the interim results announcement dated August 23, 2024[3] - The interim results announcement remains unchanged except for the clarified land reserve information[3]

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的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 眾安集團有限公 司 Zhong An Group Limited （於開曼群島註冊成立之有限公司） （股份代 號：672） 截至2024年6月30日止六個月期間之中期業績公告 | --- | --- | |-------|-------------------------------------------------------------------------------| | | | | 摘要 | | | • | 回顧期內本集團收入約為人民幣 9,282.9 百萬元，較 2023 年同期增長約 127.6% | | • | 回顧期內本集團的毛利約為人民幣 1,830.0 百萬元，較 2023 年同期增加約 | | | 161.7% | | • | 回顧期內本集團利潤約為人民幣 117.9 百萬元，較 2023 年同期減少約 24.5% | | | | | • | 回顧期內本集團合同銷售約為人民幣 ...

Economic Outlook and Industry Development - The Group maintains a long-term optimistic view on the overall economic and industry development in the coming year, leveraging its brand and business advantages in the Yangtze River Delta region[5]. - The real estate industry in China continues to adjust at the bottom post-pandemic, with the central government optimizing policies to release rigid and improved home purchase demand[6]. - In 2024, the Group plans to respond to changes in economic cycles, market upgrades, and evolving consumer demands with a high-quality and energetic development approach[5]. - The Group aims to deepen its layout in diversified industries such as commerce, hotels, services, and finance, striving to become an integrated service provider[173]. - The Yangtze River Delta region is expected to recover earlier in the real estate cycle, and the Group will continue to focus on this strategic area[172][174]. Financial Performance and Stability - For the year ended December 31, 2023, the company recorded a total contract sales amount of approximately RMB 11.67 billion, with a total sales area of about 616,000 square meters, resulting in an average contract sales price of approximately RMB 18,948 per square meter[64]. - The Group's total sales revenue ranked among the top 100 in the industry, with stable cash flow and key financial indicators remaining at a green level[184]. - The Group maintained a "green" level for the three red lines and kept financing costs at a low level, continuing to rank as one of the "TOP10 Financial Stability for Listed Real Estate Companies in Hong Kong"[189]. - The Group's cash flow remained stable, and key financial indicators consistently maintained a positive outlook, reflecting robust operational health[189]. Governance and Board Composition - The Board reviewed the Diversity Policy considering factors such as gender, age, culture, qualifications, ability, work experience, leadership, and professional ethics to maintain competitive advantage and sustainable growth[29]. - The Company adopted formal procedures for the selection, appointment, and re-appointment of Directors to ensure a balanced composition of skills, experience, and diversity[29]. - The Company emphasizes the importance of independent non-executive Directors possessing extensive academic, professional, and industry expertise[50]. - The Board's composition is regularly assessed to ensure it meets the business requirements and maintains a balance of skills and perspectives[29]. - The Company is committed to maintaining Board diversity with an appropriate level of female representation[78]. Audit and Compliance - The Audit Committee is responsible for reviewing significant or unusual items in financial reports and ensuring compliance with accounting standards and legal requirements[40]. - The Audit Committee met at least twice during the year to review the company's financial controls and internal control systems[65]. - The Audit Committee held a total of 4 meetings during the year ended December 31, 2023, reviewing the annual report and results announcement for the year ended December 31, 2022, and the interim report for the six months ended June 30, 2023[95]. - The Company is focused on compliance with legal and regulatory requirements as part of its governance practices[70]. Shareholder Communication - The company emphasizes effective communication with shareholders through various channels, including its website and investor relations page[141]. - Face-to-face meetings and teleconferencing calls with institutional investors and research analysts were held throughout the year to maintain market surveillance and gather constructive suggestions[144]. - The annual performance announcement included a live online broadcast where the chairman and senior management addressed questions regarding the company's operations and financial performance[145]. - The board reviewed the effectiveness of the shareholder communication policy, concluding it was sufficient and effective in providing updates on the company's developments[148]. Corporate Social Responsibility - In 2023, the Zhejiang Zhong An Charity Foundation conducted 27 charity activities, donating over RMB 4.8 million, benefiting more than 12,000 people directly and over 2 million indirectly[190]. - The Group is committed to improving people's well-being and quality of life through its brand concept of "Enjoying a Better Life"[173]. Operational Highlights - The Group's rental business revenue increased year-on-year, with an overall mall occupancy rate of approximately 86%[160]. - Hotel occupancy rates approached 70%, with revenue and profit exceeding annual targets due to increased personnel movement post-pandemic[160]. - The Group achieved a 100% handover rate upon the first-day visit for many projects, enhancing customer satisfaction significantly above the industry average[188]. - The Group's commitment to high-quality development has led to phased success in guaranteed property delivery and service optimization[188].

Financial Performance - For the fiscal year 2023, the company reported revenue of approximately RMB 14,490.2 million, an increase of about 56.6% compared to fiscal year 2022[8]. - The gross profit for fiscal year 2023 was approximately RMB 1,525.4 million, a decrease of about 38.3% from fiscal year 2022[8]. - The net profit for fiscal year 2023 was approximately RMB 287.1 million, representing a significant increase of about 1,240.5% compared to fiscal year 2022[8]. - The profit attributable to equity holders of the parent company for fiscal year 2023 was approximately RMB 479.4 million, an increase of about 156.8% from fiscal year 2022[8]. - The basic and diluted earnings per share attributable to ordinary shareholders of the parent company for fiscal year 2023 were RMB 8.5 cents, compared to RMB 3.3 cents in fiscal year 2022[10]. - The company reported a total comprehensive income of RMB 309,772 thousand in 2023, compared to RMB 58,779 thousand in 2022, reflecting a significant increase[45]. - The total tax expense for the year was RMB 164.093 million, significantly lower than RMB 1,296.966 million in the previous year[67]. - The company did not recommend the distribution of dividends for the fiscal year ending December 31, 2023[76]. Revenue Breakdown - Revenue from external customers in mainland China reached RMB 14,474,030 thousand in 2023, up from RMB 9,202,483 thousand in 2022, indicating a growth of about 57.5%[32]. - The residential segment generated revenue of RMB 13,192,997 thousand, while the commercial segment contributed RMB 1,297,235 thousand for the year ended December 31, 2023[30]. - Customer contract revenue for 2023 was RMB 14,379,520 thousand, significantly higher than RMB 9,148,971 thousand in 2022, reflecting an increase of approximately 57.5%[36]. - In the fiscal year 2023, the confirmed revenue from property deliveries was approximately RMB 13,692.1 million, an increase of about 60.7% compared to RMB 8,519.3 million in 2022[105]. Asset and Liability Management - As of the end of 2023, the company's total asset-liability ratio and net debt ratio were approximately 73.3% and 43.1%, respectively, both maintaining at reasonable levels[8]. - The total current liabilities decreased from RMB 36,497.7 million in 2022 to RMB 28,732.8 million in 2023[13]. - Non-current liabilities decreased from RMB 10,265.9 million in 2022 to RMB 6,881.7 million in 2023[13]. - The company's net assets increased from RMB 12,333.2 million in 2022 to RMB 12,955.2 million in 2023[13]. - The total assets of the group as of December 31, 2023, amounted to RMB 48,569,768 thousand, compared to RMB 59,096,852 thousand as of December 31, 2022[30][31]. - The group’s liabilities totaled RMB 35,614,568 thousand as of December 31, 2023, a decrease from RMB 46,763,688 thousand in the previous year[30][31]. - The group’s interest-bearing bank loans and other borrowings were approximately RMB 8,486.2 million as of December 31, 2023, compared to RMB 14,747.7 million in 2022[196]. - The current ratio for FY2023 is approximately 1.23, slightly down from 1.25 in FY2022[200]. - The net debt-to-equity ratio for FY2023 is 0.43, significantly improved from 0.66 in FY2022[200]. Operational Highlights - The group reported a profit from the residential segment of RMB 927,874 thousand, contrasting with a loss of RMB 476,667 thousand from the commercial segment, leading to a total segment profit of RMB 451,207 thousand[30]. - The total construction area delivered in fiscal year 2023 increased by approximately 96.3%, from about 365,773 square meters in 2022 to approximately 718,117 square meters[105]. - The total area of commercial housing sales in 2023 was 111,735 million square meters, a decrease of 8.5% year-on-year[104]. - The total sales amount of commercial housing in 2023 was RMB 116,622 million, down 6.5% from the previous year[104]. - The group’s property under construction area was 838,364 million square meters in 2023, a decrease of 7.2% year-on-year[105]. - The group expects a low credit loss rate for accounts receivable due to a diverse customer base with no recent default history[98]. Awards and Recognition - The company received several awards and honors in fiscal year 2023, including being ranked among the top 100 real estate companies in China and top 10 for financial stability among mainland Chinese real estate companies listed in Hong Kong[8]. Future Plans and Strategies - The company aims to expand its market presence in mainland China, Japan, and the UK through its commercial division, which includes property development and management services[53]. - The company plans to adopt new and revised international financial reporting standards in the upcoming financial year[49]. - The company plans to expand its business into commercial operations, smart property management services, and other sectors to ensure sustainable development[156]. - The company aims to maintain a stable revenue stream and diversify investment risks through a multi-faceted business approach[156].

Financial Performance - The Group's revenue for the six months ended June 30, 2023, was RMB4,078.1 million, a decrease of approximately 19.7% compared to the same period in 2022[103]. - Gross profit was approximately RMB699.2 million, representing a decrease of approximately 59.5% year-on-year[103]. - The unaudited profit increased to RMB156.1 million, reflecting a growth of approximately 122.2% compared to the corresponding period of 2022[103]. - Revenue from property sales amounted to approximately RMB3,627.8 million, a decrease of approximately 23.5% from RMB4,744.1 million in the corresponding period of 2022[173]. - The profit for the period was approximately RMB156.1 million, representing an increase of approximately 122.2% compared to RMB70.2 million in the corresponding period of 2022[187]. - The profit attributable to owners of the Company was approximately RMB196.6 million, an increase of approximately 42.8% compared to RMB137.7 million in the same period last year[187]. Assets and Liabilities - The Group's total assets as of June 30, 2023, amounted to RMB 30,551,486,000, down from RMB 32,651,776,000 at the end of 2022, indicating a reduction of about 6.4%[3]. - Current assets decreased to RMB 28,663,382,000 as of June 30, 2023, compared to RMB 30,728,107,000 at the end of 2022, reflecting a decline of approximately 6.8%[3]. - The Group's borrowings totaled RMB 13,115,019,000 as of June 30, 2023, a decrease from RMB 14,747,680,000 at the end of 2022, representing a reduction of approximately 11.1%[16]. - Current liabilities were approximately RMB36,205.7 million, down from RMB36,497.7 million as of December 31, 2022[199]. - Non-current liabilities decreased to approximately RMB9,593.2 million from RMB10,266.0 million as of December 31, 2022[199]. - Shareholders' equity increased to approximately RMB12,554.2 million from RMB12,333.2 million as of December 31, 2022[199]. Cash and Cash Equivalents - Cash and cash equivalents were reported at RMB 1,845,023,000 as of June 30, 2023, down from RMB 3,001,572,000 at the end of 2022, a decrease of about 38.5%[9]. - The Group's cash and bank balances were RMB 5,615,551,000 as of June 30, 2023, down from RMB 6,486,431,000 at the end of 2022, a decrease of approximately 13.4%[9]. - As of June 30, 2023, the Group had total cash of about RMB5,736 million and a net gearing ratio of approximately 58.8%[108]. Property Development and Sales - Contracted sales during the review period reached approximately RMB7,449 million, an increase of approximately 41.5% compared to the same period last year[105]. - More than 40 new projects were launched for sale, primarily located in the Yangtze River Delta Region[105]. - The Group successfully delivered five projects, including Shunyuan Mansion, on schedule during the review period[129]. - The area of commodity properties pending for sale was 641.59 million sq.m., representing an increase of 17.0% compared to the same period last year[171]. Market and Industry Trends - The real estate industry is expected to benefit from the gradual release of house buying demand and supportive policies in the second half of the year[105]. - Nationwide investment in property development in the first half of 2023 amounted to RMB5,855.0 billion, a decline of 7.9% compared to the same period last year[144]. - The area under construction by property development enterprises was 7,915.48 million sq.m., representing a decline of 6.6% compared to the same period last year[171]. Customer Satisfaction and Operations - The Group's overall customer satisfaction score significantly exceeded the industry average for two consecutive years, according to the 2023 China Real Estate Customer Satisfaction Survey[130]. - Zhong An Intelligent Living is committed to enhancing customer satisfaction through initiatives like "General Manager Reception Day" to listen to customer needs[132]. - The Group continues to focus on commercial real estate operations, with revenue and profits from hotel, shopping malls, and leasing segments showing increases compared to the previous year[94]. Share Capital and Options - The Group's issued and fully paid ordinary shares remained at 5,635,809,800 as of June 30, 2023, consistent with the figure from December 31, 2022[33]. - The Company has 51,000,000 share options outstanding as of June 30, 2023, with an exercise price of HK$0.73 per share[58]. - The Company has not granted any share options under the New Scheme since its adoption on June 6, 2019, and there are 581,039,080 options available for grant[82].

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的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 眾 安 集 團 有 限 公司 Zhong An Group Limited （於開曼群島註冊成立之有限公司） 672 （股份代號： ） 2023 6 30 截至 年 月 日止六個月期間之中期業績公告 摘要 • 7,449.8 2022 回顧期內本集團合約銷售收入約為人民幣 百萬元，較 年同期增長 41.5% 約 • 4,078.1 2022 19.7% 回顧期內本集團收入約為人民幣 百萬元，較 年同期減少約 • 156.1 2022 122.2% 回顧期內本集團利潤約為人民幣 百萬元，較 年同期增長約 ...

Financial Performance - The audited consolidated revenue for 2022 was approximately RMB 9,250.5 million, representing an increase of about 86.2% from 2021[17]. - The profit attributable to owners of the parent company in 2022 was approximately RMB 186.7 million, reflecting an increase of approximately 155.4% from 2021[17]. - The gross profit for 2022 was about RMB 2,470.9 million, representing an increase of approximately 67.4% from 2021[17]. - The basic earnings per share for 2022 was RMB 3.3 cents, compared to RMB 1.3 cents in 2021[17]. - The total recognized revenue from properties delivered in 2022 was about RMB 8,519.3 million, marking a 99.1% increase compared to RMB 4,278.0 million in 2021[67]. - The Group's cost of sales for 2022 was approximately RMB 6,779.6 million, an increase of approximately 94.1% from RMB 3,492.5 million in 2021[195]. - The gross profit margin for 2022 was approximately 26.7%, a decrease of about 3.0 percentage points from 2021[196]. - Other income and gains amounted to approximately RMB 313.7 million for 2022, representing an increase of 1.2% compared to RMB 310.1 million in 2021[197]. - Selling and distribution expenses decreased by about 26.9% to approximately RMB 315.6 million in 2022 from RMB 431.9 million in 2021[198]. Sales and Contracted Projects - The Group recorded contracted sales of approximately RMB 14,267.7 million for the year ended 31 December 2022, with a contracted sales area of approximately 750,710 sq.m.[22]. - The average contracted selling price was approximately RMB 19,006 per sq.m.[22]. - Contracted sales for 2022 amounted to approximately RMB 14,267.7 million, a year-on-year decrease of about 48.9% from RMB 27,925.1 million in 2021[158]. - The total contracted GFA sold by the Group was about 750,710 sq.m., down from 1,175,362 sq.m. in 2021[158]. - Major projects contributing to contracted sales included Hangzhou's Fashion Color City with 13,072 sq.m. sold for RMB 210.7 million, and Chaoyue Mansion in Ningbo with 23,132 sq.m. sold for RMB 580.4 million[161]. - The Group's projects in Hangzhou accounted for a significant portion of sales, with multiple projects exceeding RMB 100 million in revenue[161]. Land Acquisition and Development - The Group successfully acquired seven plots of land in Hangzhou and Lishui, with a total gross floor area of approximately 524,000 square meters and an estimated development value of RMB 10.5 billion[38]. - The total gross floor area of the land bank of the Group was approximately 10.11 million sq.m., with an average land premium cost of approximately RMB3,116 per sq.m.[43][46]. - The average land cost for the new land parcels was approximately RMB 9,323 per sq.m.[165]. - The Group plans to continue its strategic layout in the Yangtze River Delta, focusing on prudent land acquisition to optimize its reserve structure[41][44]. Operational Efficiency and Cost Management - The commercial group adopted measures to reduce costs and increase efficiency, with the Xiaoshan Zhong An Plaza set to debut as a trendy cultural and entertainment center[33]. - The hotel group implemented an "One Core and Two Wings" strategic plan, focusing on themed restaurant brands and exceeding revenue targets despite challenges from the epidemic[34]. - The Group maintained a "green" level for the three red lines and kept financing costs at a low level, continuing to rank among the "Top 10 Financial Stability for Listed Real Estate Companies in Hong Kong"[26]. Employee and Organizational Development - As of December 31, 2022, the Group employed a total of 5,506 staff, an increase from 4,911 staff in 2021[188]. - The Group's staff cost for 2022 was approximately RMB 447.2 million, a decrease of about 17.4% from RMB 541.1 million in 2021[188]. Market Outlook and Strategic Focus - The real estate sector is expected to stabilize and recover under favorable economic policies and a high savings rate supporting post-epidemic consumption growth[44][47]. - The hosting of the 2023 Asian Games in Hangzhou is anticipated to boost the overall economic and social development of the region[45]. - The Group aims to become an integrated service provider by expanding into multiple industries such as commerce, service, and healthcare, focusing on improving quality of life[50][52]. - The Group's strategic focus includes expanding its land bank and enhancing project development capabilities to improve future sales performance[165]. - The Group's performance in 2022 reflects challenges in the market, necessitating a reassessment of sales strategies and project timelines moving forward[158]. Awards and Recognition - The Group received multiple awards, including being ranked among the Top 100 China Real Estate Developers and Top 10 Hong Kong Listed Domestic Property Companies for Financial Stability[186].