Financial Performance - The consolidated revenue for 2024 was approximately RMB 284.6 million, a significant decrease of 62.9% from RMB 766.7 million in 2023[13]. - Gross profit for 2024 amounted to RMB 54.8 million, down 70.0% from RMB 188.7 million in 2023[13]. - Losses attributable to shareholders increased to approximately RMB 138.5 million in 2024, compared to RMB 33.8 million in 2023[13]. - The overall property market in 2024 continued to decline, impacting the Group's financial performance[14]. - For the year ended December 31, 2024, the Group recorded revenue of RMB284.6 million and gross profit of RMB54.8 million, a significant decrease from RMB766.7 million and RMB188.7 million in 2023[35]. - The gross profit margin fell to 19.3% in 2024, down from 24.6% in 2023, due to decreased revenue and discounted selling prices[37]. - The Group recorded further impairment losses and unfavorable fair value changes totaling RMB 121.2 million in 2024, compared to RMB 152.9 million in 2023[13]. - Loss attributable to the owners of the Company widened to RMB138.5 million, compared to RMB33.8 million in the previous year, due to a lack of bulk delivery of presold units and high fair value deficits[55][57]. Project Performance - The total subscription area for the Xintian Banshan project was approximately 2,100 sqm in 2024, a decrease from 4,000 sqm in 2023[19]. - The subscription amount for Xintian Banshan was approximately RMB 123 million in 2024, down from RMB 310 million in 2023[19]. - Subscription amount and area for the Yangzhou Intelligent Living City project were approximately RMB 27.1 million and 3,000 sqm in 2024, compared to RMB 47.6 million and 3,000 sqm in 2023[20]. - The Xuzhou Linan Intelligent Industrial Park project recorded a subscription amount of approximately RMB98.0 million and an area of 17,000 sqm for the year, compared to RMB6.5 million and 1,000 sqm in 2023[26]. - The accumulated subscription area for the Xuzhou project reached approximately 85,000 sqm, with 34,000 sqm pending delivery as of the end of 2024[26]. Cost Management - The Group's distribution costs decreased from RMB13.2 million to RMB8.3 million due to fewer sales and marketing activities[41]. - Distribution costs decreased from RMB13.2 million to RMB8.3 million, while administrative and other operating expenses increased significantly from RMB40.1 million to RMB62.6 million, primarily due to the one-time net expense of RMB19.2 million[44]. - The Group recorded a net charge of RMB19.2 million as an administrative expense due to assuming responsibilities for exceeded land-related costs and absorbing compensation for delayed resettlement[43][44][45]. - Finance costs were reduced to RMB4.2 million from RMB22.3 million due to early repayment of bank borrowings[49][53]. Market Conditions - The Guangzhou government eased policy restrictions on the luxury residential market, which may improve market confidence[19]. - The housing price index is showing signs of stabilization, particularly in first-tier cities, supported by policy measures aimed at addressing the market slump[56][58]. - The Group continues to monitor market sentiment to promote destocking and seize cash return opportunities in the evolving property market[56][58]. Assets and Liabilities - As of December 31, 2024, the Group's total assets were approximately RMB 2,697.4 million, a decrease from RMB 3,148.7 million as of December 31, 2023[69]. - The Group's total equity was approximately RMB 1,498.1 million, down from RMB 1,635.7 million in the previous year[69]. - The total liabilities amounted to approximately RMB 1,199.3 million, compared to RMB 1,513.0 million as of December 31, 2023[69]. - The Group's gearing ratio improved to approximately 44.5% as of December 31, 2024, from 48.1% in the previous year[71]. - Bank borrowings decreased to RMB 33.3 million from RMB 123.3 million year-over-year[71]. Human Resources - The Group had 147 employees as of December 31, 2024, a reduction from 173 employees in the previous year[77]. - The Group's competitive remuneration packages for employees are designed to maintain market competitiveness and retain talent[87]. - The Company promotes diversity at all workforce levels, ensuring equal opportunities for employment, training, and career development[142]. Corporate Governance - The Company has applied the principles and code provisions of the Corporate Governance Code and has complied with them during the year ended December 31, 2024[107]. - The Board is collectively responsible for leadership and promoting the success of the Company by directing and supervising its affairs[109]. - The Board reserves the right to decide all policy matters of the Group and material transactions, delegating day-to-day operations to general managers and department heads[110]. - The Company Secretary and Chief Financial Officer is responsible for financial reporting, internal control, and corporate governance matters[104]. - The Board currently comprises six directors: two executive directors, one non-executive director, and three independent non-executive directors[118]. - The Board has established three committees: Nomination Committee, Remuneration Committee, and Audit Committee, each with defined written terms of reference[124]. - The Nomination Committee is chaired by Mr. Zhang and includes two executive directors and three independent non-executive directors[129]. - The Board adopted a diversity policy to ensure a balanced and diverse profile, considering aspects such as gender, age, and industry experience[130]. Environmental, Social, and Governance (ESG) - The Group emphasizes environmental sustainability by managing energy consumption, water usage, and waste generation to minimize environmental impact[83]. - The Group's commitment to environmental, social, and governance (ESG) principles is reflected in its operational practices and management structure[96]. - The Group has established ESG policies and governance structure, including a Board of Directors and an ESG Committee, to oversee key ESG matters[180]. - The Group focuses on emission control and energy efficiency while maintaining strong financial returns from operations[187]. - The Group has made steady progress on its 5-year sustainability targets during the reporting period[188]. - The Group's sustainability governance structure includes line managers who execute established ESG initiatives and track performance[186]. - The Group's ESG performance is evaluated against ESG-related targets set by the Board[184]. - The Group has prioritized key ESG issues based on their materiality to the business and stakeholders, with climate change being the top priority[196]. - Employee rights and welfare are emphasized as a priority area under employment and labor practices[196]. - The report highlights the importance of responsible supply chain management as a significant ESG issue[196].

Dividend Distribution - The board of Talent Property Group Limited does not recommend the distribution of a final dividend for the years ending December 31, 2024, and December 31, 2023[2] Annual Performance Announcement - The announcement pertains to the annual performance results for the year ending December 31, 2024[2] - The announcement was made on March 31, 2025, by the chairman and executive director Zhang Gaobin[2] - The content is identified as a supplementary announcement related to the annual performance[2] Company Information - The company is registered in Bermuda and operates under stock code 760[2] - The board consists of executive directors Zhang Gaobin and Luo Zhangguan, non-executive director Zhou Hanlu, and independent non-executive directors Lu Weihong, Mai Yaotang, and Huo Zhida[2] Financial Performance and Future Outlook - No specific financial performance metrics or user data were disclosed in the announcement[2] - The announcement does not provide future outlook or performance guidance[2] - There is no mention of new product development, market expansion, or mergers and acquisitions in the provided content[2] - The company clarifies its responsibility regarding the accuracy and completeness of the announcement[1]

Financial Performance - The group's consolidated revenue for 2024 was approximately RMB 284.6 million, a significant decrease from RMB 766.7 million in 2023[4] - Gross profit for 2024 was approximately RMB 54.8 million, down from RMB 188.7 million in 2023[4] - The loss attributable to shareholders increased to approximately RMB 138.5 million in 2024, compared to RMB 33.8 million in 2023[4] - Revenue for the year ended December 31, 2024, was RMB 3,284,573 thousand, a significant increase from RMB 766,732 thousand in 2023, representing a growth of approximately 328%[13] - The company reported a net loss of RMB 138,515 thousand for 2024, compared to a net loss of RMB 33,776 thousand in 2023, reflecting an increase in losses of approximately 310%[13] - The group reported a total loss of RMB 138,515,000 for the year ended December 31, 2024, compared to a loss of RMB 33,776,000 in 2023[24][25] Asset and Liability Management - Total assets decreased to RMB 2,103,064 thousand in 2024 from RMB 2,395,552 thousand in 2023, a reduction of about 12%[15] - Non-current liabilities decreased significantly from RMB 249,627 thousand in 2023 to RMB 155,483 thousand in 2024, a decline of approximately 38%[16] - The company's equity attributable to owners decreased from RMB 1,635,461 thousand in 2023 to RMB 1,497,871 thousand in 2024, a decrease of about 8.4%[16] - The group's total assets as of December 31, 2024, were RMB 2,697,352,000, a decrease from RMB 3,148,710,000 as of December 31, 2023[24][25] - The group's total liabilities as of December 31, 2024, were RMB 1,199,281,000, compared to RMB 1,513,049,000 in 2023, indicating a reduction of 20.7%[24][25] Revenue Sources - Revenue from property sales was RMB 259,026,000 for the year ended December 31, 2024, down 65.2% from RMB 743,852,000 in 2023[22][25] - Total rental income from investment properties was RMB 13,505,000 for the year ended December 31, 2024, compared to RMB 12,191,000 in 2023, representing an increase of 10.8%[22][25] - The company confirmed revenue from property sales for Guangzhou New Tian Banshan, Xuzhou Lin'an Smart Industrial Park, and Yangzhou Smart Living City, totaling RMB 183.7 million, RMB 54.3 million, and RMB 1.4 million, respectively, for a total of approximately 8,800 square meters sold[52] Impairment and Fair Value Changes - The group recorded a further impairment loss and unfavorable fair value changes totaling RMB 121.2 million in 2024, compared to RMB 152.9 million in 2023[4] - The group reported a significant impairment loss of RMB 69,461,000 related to development properties and completed properties held for sale for the year ended December 31, 2024[27] - The company recognized impairment losses on properties under development amounting to RMB 48,255,000 in 2024, up from RMB 24,271,000 in 2023[32] - The fair value loss recorded by the group was RMB 51.7 million, with impairment losses of RMB 52.1 million and RMB 17.4 million for different properties[57] Market Outlook - The overall real estate market is expected to continue declining in 2024, impacting the group's performance[5] - The group anticipates a stabilization in the real estate market, particularly in first-tier cities, supported by various policy measures aimed at addressing long-term market sluggishness[61] Operational Efficiency - Distribution costs reduced from RMB 13.2 million to RMB 8.3 million, while administrative and other operating expenses increased from RMB 40.1 million to RMB 62.6 million, primarily due to a one-time net expense of RMB 19.2 million[54] - Financing costs decreased significantly from RMB 22,326,000 in 2023 to RMB 4,238,000 in 2024, mainly due to a reduction in interest on secured bank loans[30] - The company incurred approximately RMB 0.8 million in audit fees and RMB 0.2 million in non-audit fees for the year ending December 31, 2024[73] Customer and Receivables Management - Customer A, B, C, and D generated revenues of RMB 29,524, 29,524, 29,048, and 28,571 thousand respectively in 2024, with all revenues coming from mainland China[28] - The company reported accounts receivable of RMB 2,301 thousand for 0 to 90 days overdue as of December 31, 2024, an increase from RMB 967 thousand in the previous year[40] - The expected credit loss provision for accounts receivable remained stable at RMB 54,000 for both 2023 and 2024, despite an increase in net accounts receivable from RMB 967,000 to RMB 2,301,000[39] Staff and Governance - The group employed 147 staff members as of December 31, 2024, down from 173 staff members as of December 31, 2023[66] - The audit committee held three meetings in 2024 to review the group's annual performance for 2023 and the interim performance for 2024[72] - The board believes that the current structure provides strong leadership and effective strategy formulation for the group[68] Financial Reporting Standards - The company plans to adopt new and revised Hong Kong Financial Reporting Standards, which may impact future financial reporting but had no significant effect on the current year's financial position[17] - The group expects that the application of all new and revised Hong Kong Financial Reporting Standards will not have a significant impact on the consolidated financial statements in the foreseeable future[19] - The group did not apply any new or revised Hong Kong Financial Reporting Standards that have been issued but not yet effective for the current year[19]

Financial Performance - For the six months ended June 30, 2024, the Group recorded unaudited consolidated revenue of RMB170.4 million, a decrease of 58.8% compared to RMB413.2 million in the preceding period[2]. - Gross profit for the same period was RMB36.4 million, down 57.9% from RMB86.5 million, while the overall gross profit margin improved slightly to 21.3% from 20.9%[5]. - Loss attributable to owners of the Company increased to RMB 49.8 million from RMB 39.0 million in the preceding period[21]. - Loss for the period was RMB 49,845,000, compared to a loss of RMB 38,992,000 in the previous year, representing a 27.5% increase in losses[72]. - Total comprehensive loss for the period was RMB 49,623,000, an increase from RMB 39,414,000 in the same period last year[72]. - Basic and diluted loss per share for the period was 9.69 cents, compared to 7.58 cents in 2023[74]. - The reportable segment profit for property development was RMB 11,555,000, while property investment incurred a loss of RMB 15,718,000, resulting in a total reportable segment loss of RMB 2,579,000 for the period[93][94]. Revenue Sources - Subscription and contract sales for the Xintian Banshan project totaled approximately RMB85 million, a decline from RMB192 million in the preceding period, with a gross floor area of approximately 1,300 sqm[4]. - New subscription and contract sales for two projects totaled RMB18 million, down from RMB38 million in the preceding period[4]. - Rental income from the Talent Shoes Trading Center decreased to RMB6.8 million from RMB8.2 million in the preceding period, while property management fee income fell to RMB4.0 million from RMB4.9 million[5]. - The property management segment generated external revenue of RMB 6,622,000, while property investment generated RMB 4,193,000 in rental income[93][94]. Impairment and Losses - An impairment loss on interests in an associate of RMB22.3 million was recorded after finalizing various costs attributable to different parties[13]. - The Group recorded an impairment loss of RMB 22.3 million on interests in associates[14]. - A fair value deficit on investment properties of RMB 18.8 million was recorded, down from RMB 27.1 million in the preceding period[15]. - Provision for impairment losses of RMB 5.7 million was recorded for the logistics commercial project in Xuzhou, compared to RMB 32.8 million for the previous period[16]. - The impairment loss of interests in an associate was RMB 22,284,000, with no comparable figure in the previous year[104]. Assets and Liabilities - As of June 30, 2024, the Group's total assets were approximately RMB2,922.3 million, down from RMB3,148.7 million as of December 31, 2023[39]. - The Group's total liabilities were approximately RMB1,336.2 million, resulting in a gearing ratio of approximately 45.7% as of June 30, 2024, compared to 48.1% as of December 31, 2023[39]. - Bank borrowings amounted to RMB73.3 million as of June 30, 2024, a decrease from RMB123.3 million as of December 31, 2023[39]. - Current assets totaled RMB 2,291,941,000 as of June 30, 2024, down from RMB 2,395,552,000 at the end of 2023, reflecting a decrease of 4.33%[76]. - Total equity as of June 30, 2024, was RMB 1,586,038,000, a decrease of 3.02% from RMB 1,635,661,000 as of December 31, 2023[78]. Cash Flow and Financing - Net cash generated from operating activities for the six months ended June 30, 2024, was RMB 10,942,000, a significant decline of 95% compared to RMB 219,432,000 for the same period in 2023[80]. - The company reported a net cash generated from investing activities of RMB 49,528,000 for the first half of 2024, contrasting with a net cash used of RMB 30,336,000 in the same period of 2023[80]. - Finance costs decreased significantly to RMB 3.0 million from RMB 20.4 million in the preceding period due to early repayment of bank borrowings[17]. - The effective interest rate on the Group's bank loans as of June 30, 2024, is 4.5%, down from 4.75% as of December 31, 2023[129]. Share Capital and Dividends - The Board does not recommend any interim dividend for the six months ended June 30, 2024[52]. - The company underwent a capital reorganization on June 18, 2024, reducing the par value per issued share from HK$0.08 to HK$0.01 and subdividing unissued shares accordingly[132]. - As of June 30, 2024, the total number of issued and fully paid ordinary shares is 50,000,000,000, with a par value of HK$0.01 each[131]. Management and Governance - Talent Trend Holdings Limited holds 62.90% of the Company's issued share capital, with Mr. Zhang Gao Bin being the sole owner[50]. - The Group has maintained the prescribed public float under the Listing Rules as of the date of the report[58]. - The audit committee reviewed the unaudited condensed consolidated accounts for the six months ended June 30, 2024[68]. Market Conditions - The financing environment in Guangzhou remains challenging, with high inventory levels and declining property prices, particularly in second and third-tier cities[4]. - The Group continues to cautiously control costs and monitor market sentiment to promote destocking and seize cash return opportunities[22].

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 對 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。 TALENT PROPERTY GROUP LIMITED 新天地產集團有限公司 * （於百慕達註冊成立之有限公司） （股份代號：760） 有關截至二零二四年六月三十日止六個月之中期業績公佈之 澄清公佈 茲 提 述 新 天 地 產 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）於 二 零二四年八月二十九日發佈的本集團截至二零二四年六月三十日止六個月的 未 經 審 核 綜 合 業 績（「中期業績公佈」）。除 文 義 另 有 規 定 外，本 公 佈 所 用 詞 彙 與 中 期 業 績 公 佈 所 界 定 者 具 有 相 同 涵 義。 本 公 司 注 意 到，中 期 業 績 公 佈 中 第2頁 所 述「簡 明 綜 合 損 益 及 其 他 全 面 收 入 報 表（續）」一 段 存 在 疏 忽 錯 誤。因 此，本 公 司 ...

Financial Performance - The company reported revenue of RMB 170,367,000 for the six months ended June 30, 2024, a decrease of 58.8% compared to RMB 413,234,000 for the same period in 2023[1]. - Gross profit for the same period was RMB 36,362,000, down 58.2% from RMB 86,519,000 in 2023[1]. - The company incurred a net loss of RMB 49,845,000 for the six months ended June 30, 2024, compared to a net loss of RMB 38,992,000 in the prior year, representing a 27.5% increase in losses[2]. - Total comprehensive loss for the period was RMB 50,067,000, compared to RMB 39,414,000 in 2023, indicating a 27% increase in comprehensive losses[2]. - The company reported a basic and diluted loss per share of 9.69 cents for the six months ended June 30, 2024, compared to 7.58 cents in the same period of 2023[2]. - The loss attributable to the company's owners increased to RMB 49.8 million from RMB 39.0 million in the previous period, driven by reduced revenue and a one-time impairment loss[41]. Assets and Liabilities - Non-current assets decreased to RMB 630,309,000 as of June 30, 2024, from RMB 753,158,000 as of December 31, 2023, reflecting a decline of 16.3%[3]. - Current assets totaled RMB 2,291,941,000 as of June 30, 2024, down from RMB 2,395,552,000 at the end of 2023, a decrease of 4.3%[3]. - The company’s equity attributable to owners decreased to RMB 1,585,838,000 as of June 30, 2024, from RMB 1,635,461,000 at the end of 2023, a decline of 3.0%[4]. - The total liabilities of the group as of June 30, 2024, were RMB 1,336,212 thousand, indicating the company's financial obligations[14]. - Total borrowings amounted to RMB 73,256,000 as of June 30, 2024, a decrease from RMB 123,256,000 as of December 31, 2023[27]. - The debt ratio was approximately 45.7% as of June 30, 2024, compared to 48.1% as of December 31, 2023[45]. Revenue Segmentation - For the six months ended June 30, 2024, the reported segment revenue was RMB 170,367 thousand, with property development contributing RMB 159,552 thousand, property investment RMB 4,193 thousand, and property management RMB 6,622 thousand[10]. - The total recognized revenue from property sales for Guangzhou New Tian Banshan, Xuzhou Lin'an Smart Industrial Park, and Yangzhou Smart Living City was RMB 81.9 million, RMB 43.9 million, and RMB 15.9 million respectively, with total building area sold of approximately 1,300 square meters, 4,300 square meters, and 2,500 square meters[33]. - The total income from external customers for the six months ended June 30, 2024, was entirely derived from mainland China, emphasizing the company's focus on this market[12]. Cost Management - The company incurred a cost of RMB 125,338 thousand for sold properties during the six months ended June 30, 2024, compared to RMB 312,797 thousand in the same period of 2023, indicating a reduction in costs[16]. - Distribution costs decreased from RMB 6.9 million in the previous period to RMB 3.7 million due to a significant reduction in sales activities[36]. - The company continues to implement cost control measures, maintaining administrative and other operating expenses at RMB 19.3 million, similar to RMB 19.2 million in the previous period[36]. Tax and Financing - The income tax expense for the six months ended June 30, 2024, was RMB 17,234 thousand, down from RMB 21,126 thousand in the same period of 2023, reflecting improved tax efficiency[17]. - The company reported a financing cost of RMB 3,022 thousand for the six months ended June 30, 2024, compared to RMB 20,388 thousand for the same period in 2023, reflecting a decrease in financing expenses[15]. - Financing costs decreased to RMB 3.0 million from RMB 20.4 million in the previous period[39]. Corporate Governance - The company has not applied any new accounting standards that would have a significant impact on its operations or financial statements[8]. - The board is responsible for defining and reviewing corporate governance policies and performance[53]. - There is currently no CEO appointed, with the board believing its structure provides strong leadership for effective decision-making[54]. - The group does not recommend the payment of any interim dividend for the six months ended June 30, 2024[51]. Employee and Operational Metrics - The group employed approximately 172 employees as of June 30, 2024, a slight decrease from 173 employees as of December 31, 2023[48]. - The company has adopted a 5% withholding tax rate for the current and the following two calendar years regarding withholding tax on dividends from Chinese resident enterprises[18].

Financial Performance - The Group's consolidated revenue for 2023 was approximately RMB766.7 million, a significant increase from RMB276.1 million in 2022, while gross profit rose to RMB188.7 million from RMB98.6 million[10]. - Losses attributable to shareholders for 2023 were approximately RMB33.8 million, compared to RMB39.1 million in 2022, indicating a reduction in losses[10]. - For the year ended December 31, 2023, the Group recorded revenue of RMB766.7 million and gross profit of RMB188.7 million, compared to revenue of RMB276.1 million and gross profit of RMB98.6 million for the year ended December 31, 2022[34][38]. - The overall gross margin decreased to 24.6% in 2023 from 35.7% in 2022[36][40]. - Income tax expenses rose to RMB 56.5 million from RMB 48.7 million in 2022, driven by increased revenue and taxable profit[49]. - Loss attributable to owners narrowed from RMB 39.1 million in 2022 to RMB 33.8 million in the current year due to increased revenue and gross profit[50]. Project Performance - The flagship project, Xintian Banshan, recorded total subscription area of approximately 4,000 sqm and subscription amount of approximately RMB310 million, up from 2,000 sqm and RMB140 million in 2022[15]. - Yangzhou Intelligent Living City saw subscription amounts of approximately RMB47.6 million and area of 3,000 sqm in 2023, compared to RMB14.8 million and 1,900 sqm in 2022, reflecting improved sales performance[19]. - Xuzhou Linan Intelligent Industrial Park completed construction in early 2023, with accumulated subscription areas of approximately 67,000 sqm, leaving 23,000 sqm pending delivery[20]. - Revenue from the Xuzhou Intelligent Industrial Town project was RMB449.3 million, with a gross floor area of approximately 44,000 sqm[35][39]. - The Yangzhou Intelligence Living City project generated revenue of RMB55.3 million from sales of commercial and office units, with a total gross floor area of approximately 5,100 sqm[35][39]. - The Xintian Banshan Villa project recorded revenue of RMB220.4 million, with a gross floor area of approximately 3,100 sqm[35][39]. Impairment and Provisions - The Group made impairment provisions for several projects due to the sluggish performance of the property market in the PRC[10]. - Provision for impairment loss totaled RMB98.1 million for logistic commercial projects in Xuzhou and Yangzhou[44]. - A fair value deficit of RMB54.7 million was recorded, mainly attributable to the Talent Shoes Trading Center[44]. - Fair value losses on investment properties amounted to RMB54.7 million, up from RMB49.4 million in 2022, primarily from the Talent Shoes Trading Center[47]. - Impairment losses provision for logistics commercial projects in Xuzhou and Yangzhou totaled RMB98.1 million, compared to a reversal of RMB45.5 million in 2022[47]. Market Conditions - The government began lifting restrictive measures on the real estate industry in the second half of 2023 to stabilize the property sector[14]. - The ongoing geopolitical tensions and economic downturn have led to weaker demand for exports and decreased foreign investment in China[14]. - The Group aims to expedite cash return from property sales with expectations of improved market sentiment in 2024[15]. - The Group plans to continue focusing on destocking, reducing liabilities, and controlling operating costs in 2024 to navigate the downturn in the real estate market[51]. Financial Position - As of December 31, 2023, the Group's total assets were approximately RMB 3,148.7 million, a decrease from RMB 4,030.6 million as of December 31, 2022[71]. - The Group's total equity as of December 31, 2023, was approximately RMB 1,635.7 million, compared to RMB 1,670.1 million as of December 31, 2022[71]. - The Group's total liabilities decreased to approximately RMB 1,513.0 million as of December 31, 2023, from RMB 2,360.5 million as of December 31, 2022[71]. - The gearing ratio as of December 31, 2023, was approximately 48.1%, down from 58.6% as of December 31, 2022[73]. - Bank borrowings amounted to RMB 123.3 million as of December 31, 2023, compared to RMB 141.3 million as of December 31, 2022[73]. Governance and Management - The Group's executive directors have extensive experience in property development and finance, contributing to strategic development and daily management[99][100]. - The Company Secretary and CFO has over 25 years of experience in auditing, corporate finance, and investment banking, focusing on IPO sponsorship and mergers and acquisitions[109][108]. - The Group's strategic development is overseen by the Chairman, who has over ten years of experience in the property development industry[99]. - The Board comprises five directors, including two executive directors and three independent non-executive directors, ensuring a balanced composition for effective independent judgment[125]. - The Company has established a Nomination Committee comprising two executive directors and three independent non-executive directors to review the structure, size, and composition of the Board[134]. - The Remuneration Committee met once during the year to review remuneration policies for directors and senior management, considering the Group's performance and financial position[146]. - The Audit Committee held three meetings in 2023 to review the Group's annual results for 2022 and interim results for 2023, as well as the audit plans and findings of the external auditor[147]. Diversity and Inclusion - The Company is actively seeking to appoint a female director by December 31, 2024, to enhance gender diversity on the Board[139]. - The Board has adopted a diversity policy that includes measurable aspects such as gender, age, and industry experience to maintain a balanced profile[135]. - As of December 31, 2023, approximately 37% of the Company's workforce is female, while 63% is male, indicating a balanced gender ratio[152]. - The Company recognizes the importance of diversity at the Board level as essential for achieving strategic objectives and sustainable development[151]. ESG and Corporate Governance - The Company has established ESG policies and governance structures to oversee relevant practices and processes[196]. - The Board meets semi-annually with the ESG Committee to review key ESG matters[196]. - The governance structure, strategy, management approach, and internal control system for ESG are assessed for appropriateness and effectiveness[200]. - The group's ESG performance is measured against established ESG-related targets[200]. - The Company has reviewed its shareholder communication policy and found it effectively implemented during the year, with plans for regular reviews[189].

Financial Performance - The group's consolidated revenue for 2023 was approximately RMB 766.7 million, a significant increase from RMB 276.1 million in 2022, representing a growth of 177.5%[4] - Gross profit for the year was approximately RMB 188.7 million, compared to RMB 98.6 million in 2022, marking an increase of 91.5%[4] - The group recorded a loss attributable to shareholders of approximately RMB 33.8 million in 2023, an improvement from a loss of RMB 39.1 million in 2022, indicating a reduction in losses by 8.5%[4] - The company reported a net loss of RMB 33,776 thousand for 2023, an improvement from a net loss of RMB 39,148 thousand in 2022, reflecting a reduction in losses by approximately 13.5%[14] - The group recorded a net loss of RMB 33,776,000 for the year, compared to a loss of RMB 39,148,000 in the previous year, indicating an improvement in financial performance[28][29] - The annual loss attributable to owners narrowed to RMB 33.8 million from RMB 39.1 million in 2022, driven by increased revenue and gross profit[73] Project Performance - The flagship project "New Tian Ban Shan" achieved pre-sales of approximately RMB 310 million with a saleable area of about 4,000 square meters, up from RMB 140 million and 2,000 square meters in 2022, reflecting a growth of 121.4% in sales value[7] - The "Yangzhou Smart Living City" project recorded sales of approximately RMB 47.6 million and a saleable area of 3,000 square meters in 2023, compared to RMB 14.8 million and 1,900 square meters in 2022, representing a sales increase of 220.3%[8] - The "Xuzhou Lin'an Smart Industrial Park" project has accumulated pre-sale area of approximately 67,000 square meters, with 23,000 square meters still pending delivery as of the end of 2023[10] - The company recognized revenue of RMB 449.3 million from the delivery of pre-sold units in the Xuzhou Smart Industrial Town project, with a total construction area of approximately 44,000 square meters[64] Revenue Breakdown - Revenue for the year ended December 31, 2023, was RMB 766,732 thousand, a significant increase from RMB 276,113 thousand in 2022, representing a growth of approximately 177.5%[14] - The property development segment generated revenue of RMB 743,852,000, accounting for 97% of total revenue, while the property investment and management segments contributed RMB 12,191,000 and RMB 10,689,000 respectively[28] - Property sales revenue reached RMB 743,852,000 in 2023, compared to RMB 253,557,000 in 2022, indicating a growth of about 193%[35] Asset and Liability Management - Total assets decreased to RMB 2,395,552 thousand in 2023 from RMB 3,118,981 thousand in 2022, a decline of about 23.2%[18] - Current liabilities decreased to RMB 1,263,422 thousand in 2023 from RMB 1,851,182 thousand in 2022, a reduction of approximately 31.7%[18] - Non-current liabilities decreased significantly from RMB 509,295 thousand in 2022 to RMB 249,627 thousand in 2023, a reduction of approximately 51.0%[19] - The equity attributable to the owners of the company decreased slightly to RMB 1,635,461 thousand in 2023 from RMB 1,669,936 thousand in 2022, a decline of about 2.1%[19] - Total liabilities of the group were RMB 1,513,049,000, with reported segment liabilities of RMB 913,290,000[28] Cost Management - The company reported a significant increase in distribution costs from RMB 9.6 million to RMB 13.2 million, primarily due to increased commission expenses[67] - The company’s administrative and other operating expenses decreased significantly from RMB 60.2 million to RMB 40.1 million due to careful cost control[67] - The group plans to continue focusing on inventory reduction and cost control to navigate the downturn in the real estate market in 2024[74] Market Outlook - The company anticipates a potential improvement in the real estate market atmosphere in 2024 due to favorable national and local policies[7] - The group plans to continue promoting the delivery of units in the Xuzhou project and explore future development directions for undeveloped land in Yangzhou in 2024[10] Compliance and Governance - The group has not adopted any new accounting standards that are not yet effective, indicating a stable compliance approach[23][25] - The independent non-executive directors confirmed their independence in accordance with the listing rules[86] Other Financial Metrics - The company incurred financing costs of RMB 22,326,000 in 2023, a decrease from RMB 34,626,000 in 2022[37] - The total income tax expense for 2023 was RMB 40,557,000, an increase of 7.3% from RMB 37,784,000 in 2022[8] - The company recorded impairment losses on completed properties held for sale amounting to RMB 73,835,000 in 2023, with no such losses reported in 2022[40]

Financial Performance - For the six months ended June 30, 2023, the Group recorded unaudited consolidated revenue of RMB413.2 million, a significant increase of 201.5% compared to RMB137.0 million for the same period in 2022[6]. - Gross profit for the Reporting Period was RMB86.5 million, up from RMB53.9 million in the Preceding Period, but the overall gross profit margin decreased to 20.9% from 39.4%[15]. - Subscription and contract sales for Xintian Banshan at Zone B totaled approximately RMB192 million, a substantial increase from RMB45 million in the Preceding Period[8]. - The loss attributable to owners of the Company narrowed from RMB 87.7 million in the preceding period to RMB 39.0 million in the reporting period, driven by increased revenue and gross profit[32]. - Loss before tax decreased to RMB 17,866,000, a reduction of 73.8% from RMB 68,231,000 in the prior year[98]. - The total comprehensive loss for the period was RMB 39,414,000, a decrease of 55.1% from RMB 87,587,000 in the previous year[99]. - Basic and diluted loss per share improved to 0.379 cents, compared to 0.852 cents in the same period last year[99]. - The total loss for the period was RMB 38,992,000, compared to a loss of RMB 87,683,000 for the same period in 2022, indicating an improvement in financial performance[128]. Revenue Sources - Revenue from the delivery of pre-sold units in Xuzhou Linan Intelligent Industrial Park amounted to RMB237.7 million, with a gross floor area of approximately 23,500 sqm[7]. - Rental income from the Talent Shoes Trading Center increased to RMB8.2 million, compared to RMB7.3 million in the Preceding Period[14]. - The property development segment generated revenue of RMB 400,077,000, while the property investment and management segments contributed RMB 7,744,000 and RMB 5,413,000 respectively[127]. Assets and Liabilities - As of June 30, 2023, the Group's total assets were approximately RMB 3,669.6 million, down from RMB 4,030.6 million at the end of 2022[50]. - The Group's total liabilities decreased to approximately RMB 2,038.9 million from RMB 2,360.5 million at the end of 2022[50]. - The Group's gearing ratio was approximately 55.6%, down from 58.6% as of December 31, 2022[52][56]. - Total assets as of June 30, 2023, were approximately RMB 3,669.6 million, a decrease from RMB 4,030.6 million as of December 31, 2022[55]. - The Group's investment property was valued at approximately RMB 484.0 million as of June 30, 2023, down from RMB 506.0 million as of December 31, 2022[54][58]. Financial Management - Finance costs decreased to RMB20.4 million from RMB22.6 million in the Preceding Period due to lower average loan balances[25]. - The Group plans to maintain robust financial conditions and liquidity while focusing on reducing inventories to navigate current market challenges[33]. - The Group's corporate and personal guarantees related to loans amounted to RMB 441,256,000 as of June 30, 2023, down from RMB 552,056,000 as of December 31, 2022[187]. Impairment and Provisions - Provision for impairment loss totaled RMB32.8 million for logistics commercial projects in Xuzhou and Yangzhou during the Reporting Period[24]. - The Group recorded a fair value deficit of RMB27.1 million, primarily for the Talent Shoes Trading Center, reflecting the weakened market sentiment[24]. Employee and Management Information - The Group employed approximately 204 employees as of June 30, 2023, an increase from 199 employees as of December 31, 2022[59][62]. - Key management personnel compensation for the six months ended June 30, 2023, totaled RMB 2,167,000, compared to RMB 2,072,000 for the same period in 2022, reflecting an increase of approximately 4.6%[181]. Corporate Governance - The company has complied with the Code on Corporate Governance Practices, enhancing transparency in material information disclosure[88]. - The board structure is designed to ensure a balance of power and authority, with no chief executive officer currently appointed[84]. Market Conditions - The Group's fair value loss recorded for the Tianlun Shoes Trading Center was RMB 27.1 million, an improvement from RMB 30.4 million in the preceding period[27]. - The average exchange rate applied for consolidation was HK$1.12540 to RMB1, with a closing rate of HK$1.08037 to RMB1, indicating no significant foreign exchange risk exposure[53][57].

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，概不對因本公佈 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。 TALENT PROPERTY GROUP LIMITED 新 天 地 產 集 團 有 限 公 司 * （於百慕達註冊成立之有限公司） （股份代號：760） 二 零 二 三 年 中 期 業 績 公 佈 新天地產集團有限公司（「本公司」）董事會（「董事會」）提呈本公司及其附屬公司 （統稱「本集團」）截至二零二三年六月三十日止六個月之未經審核綜合業績及 比較數字如下： 簡明綜合損益及其他全面收入報表 截至六月三十日止六個月 二零二三年 二零二二年 附註 人民幣千元 人民幣千元 （未經審核） （未經審核） 收益 3 413,234 136,992 銷售及服務成本 (326,715) (83,067) 毛利 86,519 53,925 ...