Company Recognition and Philosophy - The company has been recognized as one of China's top 100 real estate enterprises for seven consecutive years[28]. - The company emphasizes its development philosophy of "green technology + comfortable energy-saving + digital interconnected full life cycle industrial home"[28]. - The company is focused on expanding its brand MOMΛ, which symbolizes modern architecture and green technology[28]. - The company aims to create a significant economic benefit for shareholders while also generating positive social impact[28]. Financial Performance - The company's contract sales amounted to approximately RMB 21.56 billion, representing a year-on-year increase of about 51.8%[39]. - The total sales area reached approximately 2.078 million square meters, with a year-on-year growth of about 52.7%[41]. - The group's property sales revenue for the review period was approximately RMB 9,316.2 million, representing an increase of about 8.6% compared to the same period in 2020[62]. - The total contracted sales amount for the group, its joint ventures, and associates reached approximately RMB 21,562.4 million, an increase of about 51.8% year-on-year[65]. - The group's revenue for the six months ended June 30, 2021, was approximately RMB 9,543.4 million, an increase of about 9.6% compared to RMB 8,710.3 million in the same period of 2020[78]. - The group's gross profit for the six months ended June 30, 2021, was approximately RMB 2,210.9 million, with a gross profit margin of 23.2%[80]. - The net profit for the period was RMB 676,543 thousand, up from RMB 545,776 thousand, reflecting a growth of approximately 23.9%[148]. - The company reported a net profit of RMB 1,071,329 thousand for the six months ended June 30, 2021, compared to RMB 912,890 thousand in 2020, reflecting an increase of approximately 17.4%[186]. Debt and Financing - The company has a total debt of $321 million with a 9.8% interest rate on its senior notes maturing in 2023[23]. - The company aims to balance debt financing and equity financing while exploring new compliant financing strategies, including light asset financing and private equity funds[58]. - The company issued a total of $398 million in overseas green bonds and secured a green loan of HKD 100 million from Hang Seng Bank, ensuring smooth financing channels and continuous improvement in financing quality[44]. - Total borrowings increased by approximately 16.9% to RMB 28,754.6 million as of June 30, 2021, from RMB 24,593.0 million as of December 31, 2020[92]. - The company incurred interest payments of RMB 1,234,049,000 during the financing activities[172]. Green Technology and Sustainability - The company operates with a core competitive advantage in green technology and lifecycle industry operations[30]. - The company has successfully developed over 100 high-quality green technology products, focusing on five major urban clusters in China and North America[39]. - The company is committed to zero emissions, zero carbon, and zero pollution, contributing to urban development and improving living conditions[36]. - The company aims to maintain indoor temperatures between 20°C and 26°C with energy consumption only one-third of that required for similar comfort levels in typical Chinese residences[39]. - The company emphasizes the importance of environmental protection and actively promotes green technology innovation while maintaining stable operational growth[49]. Market and Strategic Outlook - The company anticipates a tightening of real estate policies, with increased regulation across the supply, demand, and financial sectors, impacting future growth[50]. - The company plans to continue its green technology development strategy, aiming for zero carbon sustainable development and comprehensive fulfillment of social responsibilities in the second half of 2021[53]. - The company will focus on five major city clusters and prioritize investment in high-potential second and third-tier cities, enhancing its project layout and risk management[54]. - The company is navigating a challenging external environment due to geopolitical factors and potential pandemic rebounds, which may impact its operations[108]. Shareholder Structure and Governance - As of June 30, 2021, the major shareholder, Mr. Zhang Lei, holds 1,827,293,270 shares, representing 65.38% of the company's equity[109]. - The company has a significant shareholder structure, with Ms. Yu Jinmei holding approximately 66.11% of shares, and Polar Holdings Limited holding about 65.38%[115]. - The company has a stock option plan that allows for the granting of up to 250,354,200 shares to eligible participants, aimed at enhancing performance and retaining talent[121]. - The audit committee consists of four independent non-executive directors with extensive experience in audit, law, business, accounting, and regulatory matters[140]. Cash Flow and Assets - Cash, restricted cash, and bank balances increased by approximately 23.6% to RMB 17,424.6 million as of June 30, 2021, from RMB 14,092.7 million as of December 31, 2020, maintaining a robust cash flow situation[91]. - The company's total assets as of June 30, 2021, were RMB 83,176,212 thousand, an increase from RMB 68,145,837 thousand as of December 31, 2020, representing a growth of approximately 22.0%[150]. - The cash flow from operating activities for the six months was RMB 633,196,000, while cash used in investing activities was RMB 1,663,436,000[172]. Dividends and Share Performance - The company declared an interim dividend of HKD 0.0481 per share for the six months ended June 30, 2021[137]. - The company declared a dividend of HKD 0.0365 per share for the six months ended June 30, 2021, compared to HKD 0.0355 per share for the same period in 2020[193]. - The basic and diluted earnings per share were calculated based on a weighted average of 2,794,994,000 shares for both 2021 and 2020, indicating no change in the number of shares[197].

Green Technology and Sustainability - The company reported a significant focus on green technology, emphasizing the development of energy-efficient systems that reduce energy consumption to one-third of typical residential needs in China[17]. - The company has successfully developed over 100 high-quality green technology products, targeting five major urban clusters in China and focusing on North America for international expansion[18]. - The company received multiple awards for its green technology products, including the ACTIVE HOUSE Technology Innovation Award and WELL Building Standard certifications[19]. - The company has been recognized as the second model for green real estate operations in China, highlighting its commitment to sustainability[19]. - The company continues to emphasize green technology and sustainable development in its projects, contributing to urban development and environmental protection[21]. - The company achieved a total green building certification area of 7.75 million square meters, with 28 national green residential certifications, accounting for nearly 70% of the national total[32]. - The company’s green bond issuance reflects its leadership in green real estate and commitment to addressing climate change[127]. - The company’s green bonds have received ratings from S&P and certification from HKQAA, indicating high standards in green finance[126]. Financial Performance - The company's contracted sales amounted to approximately RMB 42.21 billion for the year ended December 31, 2020, representing a year-on-year increase of 16.6%[26]. - The group's revenue for the year ended December 31, 2020, was approximately RMB 15,740.5 million, an increase of about 8.2% compared to RMB 14,551.7 million for the year ended December 31, 2019, primarily due to an increase in delivered construction area and average selling price[76]. - The group's gross profit for the year ended December 31, 2020, was approximately RMB 3,784.5 million, with a gross margin of about 24.0%, a decrease of approximately 1.5 percentage points from the previous year[78]. - The profit attributable to the owners of the group increased by approximately 1.1% from RMB 730.7 million for the year ended December 31, 2019, to approximately RMB 739.0 million for the year ended December 31, 2020[88]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the fiscal year, representing a 15% year-over-year growth[188]. - The company reported a significant increase in revenue for the fiscal year 2020, with total revenue reaching approximately 1.2 billion RMB, representing a year-over-year growth of 15%[199]. Market Expansion and Projects - The company acquired 24 new projects in cities such as Chongqing, Changsha, and Taiyuan, adding approximately 462.6 million square meters of planned construction area, remaining stable compared to the previous year[30]. - The company is expanding its market presence with multiple projects across various provinces, including Anhui, Hubei, and Guangdong[66]. - The company is actively expanding its market presence with projects in various provinces, including Anhui, Hunan, and Shanxi[72]. - The company is focusing on strategic expansion through new projects and partnerships in key urban areas[72]. - The company plans to enhance its digital marketing strategy, expecting a 40% increase in online sales[188]. - The company is actively pursuing market expansion, targeting key cities in China, with plans to enter three new markets by the end of 2021[199]. Corporate Governance and Management - The company has implemented a high level of corporate governance, believing it is crucial for long-term success and sustainable development[139]. - The board consists of ten members, including three executive directors and four independent non-executive directors, ensuring a balanced skill set and experience[142]. - The board held five meetings and two shareholder meetings from January 1, 2020, to December 31, 2020, to review financial performance and compliance[150]. - The company has established a standard code for securities trading by directors, ensuring compliance throughout the year[141]. - The company has adopted appropriate accounting policies and made prudent judgments in preparing the financial statements for the year ended December 31, 2020[158]. - The company has established a nomination policy since January 15, 2019, which outlines the criteria for evaluating and selecting candidates for the board[175]. Research and Development - The company has a strong emphasis on research and development, with a dedicated design institute focusing on innovative building technologies[17]. - Research and development investments increased by 20%, totaling $50 million, aimed at innovative green building technologies[188]. Investor Relations and Communication - The company has actively increased investor interaction opportunities through detailed explanations and clear communication[122]. - The company held a total of 25 investor relations activities in 2020, including online and in-person events, to enhance communication with investors and improve transparency[124]. - The board of directors emphasized the importance of shareholder communication and engagement during the annual meeting[186]. - The company will enhance communication with shareholders and investors through various channels, including meetings and investor forums, to improve transparency[184]. Acquisitions and Financing - The company has issued green senior notes totaling USD 700 million and successfully issued its first residential mortgage-backed securities amounting to RMB 620 million[31]. - The company issued green senior notes amounting to USD 350 million at an interest rate of 7.95%, maturing in 2021[106]. - The company completed the buyback of all outstanding principal of the 2019 series notes, totaling $219,995,000 as of the announcement date[113]. - The company acquired a 49% stake in Chongqing Kangjia Real Estate Development Co., Ltd. for RMB 352,310,000, with the acquisition completed on September 17, 2020[103]. - The company also acquired a 49% stake in Chongqing Chengda Real Estate Co., Ltd. for RMB 274,647,450, with the acquisition completed on December 22, 2020[104]. Operational Efficiency - The company is committed to enhancing its project management capabilities to ensure timely delivery and quality, which is critical for maintaining investor confidence and market competitiveness[69]. - The company has established a new partnership with a leading tech firm to leverage AI in property management, expected to reduce operational costs by 10%[199].

Company Recognition and Achievements - Modern Land (China) Co., Limited has been recognized as one of China's top 100 real estate companies for six consecutive years[12]. - The company was recognized in various rankings, including being listed among the "Top 100 Real Estate Listed Companies in China" and "Top 10 in Financial Capability" by the China Real Estate Association[19]. - The company has been focusing on green health building exploration for 20 years, establishing a differentiated core competitiveness in green technology real estate[20]. - Modern Land's MOMA product line has received multiple certifications, including WELL Platinum and Gold certifications, highlighting its commitment to health and sustainability[18]. - The company has obtained 5 new patents and a total of 8 green honor certifications in the green health technology sector during the first half of 2020, enhancing its competitive advantage[31]. Financial Performance - The company's property sales revenue for the review period was approximately RMB 8,576.9 million, an increase of about 26.3% compared to the same period in 2019[45]. - For the six months ended June 30, 2020, the company's revenue was approximately RMB 8,710.3 million, an increase of about 24.0% compared to RMB 7,026.9 million for the same period in 2019[64]. - The company's gross profit for the six months ended June 30, 2020, was approximately RMB 2,121.1 million, with a gross margin of 24.4%, a decrease of about 2.1 percentage points from the previous year[66]. - Profit before tax increased by approximately 0.2% to RMB 1,427.1 million for the six months ended June 30, 2020, compared to RMB 1,424.2 million in the same period of 2019, while net profit rose by approximately 4.8% to RMB 556.4 million[74]. - The total contracted sales amount for the group and its joint ventures reached approximately RMB 14,206.2 million, a decrease of about 14.8% compared to the same period in 2019[50]. Strategic Focus and Development - The company aims to create significant economic benefits for shareholders while promoting social benefits through its development philosophy[12]. - Modern Land has integrated advanced technologies such as prefabricated construction and zero-energy consumption into its projects, winning the ACTIVE HOUSE Technology Innovation Award[18]. - The company is focused on continuous upgrades of its green technology products to maintain its competitive edge in the market[18]. - The company aims to adapt to the new market conditions post-pandemic by implementing comprehensive strategies across various operational aspects[32]. - The company continues to focus on urban deep cultivation and precise layout of quality projects in key city clusters such as the Yangtze River Delta and the Greater Bay Area[35]. Capital Structure and Financing - The company maintained a robust capital structure with a remaining credit line of RMB 109.9 billion as of June 30, 2020, and ensured that cash on hand accounted for over 15% of total assets[30]. - The company issued overseas green bonds worth USD 350 million in the first half of 2020, supporting the national vision for green finance[30]. - The company is actively exploring mergers and acquisitions, as well as innovative financing methods to enhance its capital pool[36]. - The company aims to enhance its ecological cooperation platform by integrating financing and investment strategies to optimize resource allocation and mitigate risks[36]. - Total borrowings increased by approximately 16.5% to RMB 21,554.0 million as of June 30, 2020, from RMB 18,496.0 million as of December 31, 2019, with bank and other borrowings at RMB 13,712.3 million[80]. Shareholder Information - As of June 30, 2020, the major shareholder, Polar Holdings Limited, holds 1,827,293,270 shares, representing approximately 65.38% of the company's equity[98]. - The company’s board members and key executives hold significant equity interests, with Zhang Lei holding 1,827,293,270 shares as a trust beneficiary, representing 65.38% of the company[98]. - The company has a significant shareholder, Ms. Zhang Degui, holding 1,827,293,270 shares, representing 65.38% of the company's equity[109]. - China Cinda (Hong Kong) Asset Management Co., Ltd. holds 267,877,500 shares, accounting for 9.58% of the company's equity[109]. - The company has a stock option plan that allows for the granting of options to purchase up to 250,354,200 shares[113]. Operational Efficiency - The company has established four standardized product lines to cater to different customer segments, enhancing its market adaptability[15]. - The company emphasizes the importance of scientific deployment and balance among regional companies to avoid financial risks[36]. - The company recorded a net loss of approximately RMB 149.3 million in other income, compared to a gain of RMB 97.3 million in the same period of 2019, primarily due to foreign exchange losses of approximately RMB 196.0 million[69]. - The company has maintained compliance with the Corporate Governance Code during the six months ended June 30, 2020[125]. - The company has not disclosed any significant changes in the information provided in its 2019 annual report[119].

當代置業（中國）有限公司 MODERN LAND (CHINA) CO.,LIMITED （ 於開曼群島註册成立的有限公司 ） 2019年報 ■ 健康建築 綠色家園 城市向美 M O M A F i n e L i v i n g 2015年-2016年） 成為中國房地產百強企業 累計逾20個項目獲多個綠色認證 全年合約銷售額突破100億元人民幣 發行綠色債券 LEED FOR NEIGHBORHOOD DEVELOPMENT PILOT MODERN MOMA STAGE 3, CERTIFIED 2004年-2006年 《 新風分配系統獲得國家專利 8087 文 正式發佈《科技主題地產發展戰略》 北京當代 MOMA 開工 (2007年) | 44 (2011年) 44 開啟全國化戰略 北京當代 MOMΛ 入選《時代週刊》 成為中國首家榮獲美國綠色建築 世界十大建築奇跡 協會住宅認證之企業 PPP 2020年 通州萬國城 MOMA 榮獲綠色建築三星 設計標識 「當代建築＆藝術博物館」榮獲綠色建 築三星設計標識 (2017年) 44 北京當代 MOMΛ 成為中國首個續評三星 綠色建築標識及中國唯一健康建築三星 ...

Company Recognition and Achievements - The company has been recognized as one of the top 100 real estate companies in China for six consecutive years and ranked among the top 100 listed real estate companies in 2019[12]. - The company has been awarded for its innovative capabilities in the real estate sector in 2019[12]. Green Technology and Sustainability - The company has developed over 100 high-quality green technology products, focusing on key regions in China and North America[19]. - The energy consumption of the company's products is only one-third of that required by typical residential buildings in China to achieve the same comfort level[18]. - The company emphasizes the development of green technology and has created a research and design institute for innovative building systems[18]. - The company adheres to a development philosophy centered around "green technology, comfortable energy-saving, and digital interconnectivity" for its projects[18]. - The cumulative area of certified two-star and above green buildings reached 5.589 million square meters, with nearly 60% of national green community certifications[34]. - The company aims to become a leading green technology urban operator in China, emphasizing sustainable development throughout the entire lifecycle of its products[42]. - The company aims to enhance its core competitiveness in green technology and expand its operational scale in the second half of 2019[146]. - The company is committed to becoming a leading green technology urban operator in China[146]. Market Expansion and Sales Performance - The company has a strong focus on market expansion, particularly in North America, while deepening its presence in key regions of China[19]. - The company's contracted sales amounted to approximately RMB 16.67 billion for the first half of 2019, representing a year-on-year increase of 24.8%[28]. - The total contracted sales area reached approximately 1.568 million square meters, with a year-on-year growth of 32.4%[29]. - The property sales revenue for the first half of 2019 was approximately RMB 6,793 million, representing a growth of about 43.2% compared to the same period in 2018[47]. - The total contracted sales amounted to RMB 16.67 billion, with an average selling price of RMB 10,551 per square meter[65]. - The group reported a total of 13,217,438 square meters of contracted sales during the period[65]. Financial Performance - The group's revenue for the six months ended June 30, 2019, was approximately RMB 7,027 million, an increase of about 44.6% compared to RMB 4,859 million for the same period in 2018, primarily due to an increase in property sales revenue of approximately RMB 2,050 million[90]. - The group's gross profit for the six months ended June 30, 2019, was approximately RMB 1,861 million, with a gross margin of 26.5%, an increase of about 7.0 percentage points compared to the same period in 2018[92]. - Profit before tax increased to RMB 1,424,232 thousand, compared to RMB 662,437 thousand in the prior year, reflecting a growth of 114.5%[194]. - Net profit for the period was RMB 531,023 thousand, a 47.1% increase from RMB 361,151 thousand in the previous year[194]. - Basic earnings per share rose to RMB 16.5, compared to RMB 10.5 for the same period in 2018, marking a 57.1% increase[199]. Product Development and Innovation - The company has established four standardized product lines to cater to different customer segments, including the premium and high-end markets[19]. - The company plans to enhance product quality and integrate new technologies into its offerings, launching a new premium product line[37]. - The company has implemented a standardized product development model to differentiate projects based on cash flow and profit generation[19]. - The company obtained 2 new patents in green technology, bringing the total to 97 patents, enhancing its R&D capabilities[34]. Investment and Financial Strategy - The investment strategy focuses on key urban clusters and aims for precise investments in high-turnover projects with brand premium potential[38]. - The company aims to maintain a cash reserve of over 15% of total assets to ensure sustainable development amid changing financing environments[33]. - The company will adopt a light asset development model and focus on the elderly care industry as a pilot project[42]. - The company plans to use the proceeds from the bond issuance to repay maturing bonds and for other lawful purposes[142]. Corporate Governance and Shareholder Information - The company expressed gratitude to shareholders for their support and acknowledged the hard work of the board and management team[42]. - The company declared an interim dividend of HKD 0.037 per share for the six months ended June 30, 2019[181]. - The company maintained compliance with the corporate governance code as of June 30, 2019[185]. - The audit committee consists of four independent non-executive directors with extensive experience in auditing, legal, business, accounting, and regulatory matters[183]. Workforce and Employment - The group employed 1,903 staff as of June 30, 2019, compared to 1,842 staff as of December 31, 2018, indicating a growth in workforce[118].

Company Recognition and Awards - Modern Land (China) Co., Limited has been recognized as one of China's top 100 real estate companies for five consecutive years and received the highest green rating certification from S&P Global in 2018, becoming the first domestic real estate company to achieve this honor[15]. - The company has developed over 100 high-quality green technology projects, receiving more than 100 domestic and international green building awards[24]. - In 2018, the company received 102 awards, including 22 for green real estate operations and 18 for financial achievements[41]. - The company was awarded "Most Growth Potential Company" in the Golden Lion Awards for Hong Kong-listed companies[135]. Business Strategy and Market Expansion - The company is strategically deepening its presence in four major regions of China: North China, East China, Central China, and South China, while also focusing on the North American market for international expansion[19]. - The company aims to create a sustainable ecological environment while significantly reducing energy consumption and living costs for residents[24]. - The company plans to focus on green technology and customer operations to benefit from policy incentives in 2019[45]. - The company is focusing on the elderly care industry as a key development area, responding to the growing population aged 60 and above, which has reached 250 million[50]. - The company aims to enhance its portfolio through strategic acquisitions and new developments in high-demand areas[85]. - The company plans to expand its market presence in the Jiangsu and Shanxi provinces, targeting a 20% increase in market share by 2025[92]. - The company is exploring market expansion opportunities through strategic acquisitions and partnerships in the real estate sector[125]. Financial Performance - The company's contracted sales for the year ended December 31, 2018, amounted to approximately RMB 32,156.68 million, representing a year-on-year increase of 44.9%[31]. - The company's property sales revenue for the year ended December 31, 2018, was RMB 9,043.5 million, representing a 9.2% increase compared to the previous year[60]. - The gross profit margin for property sales increased from 19.7% in 2017 to 21.8% in 2018[60]. - The company's revenue for the year ended December 31, 2018, was approximately RMB 9,337.65 million, an increase of about 9.8% compared to RMB 8,506.33 million for the year ended December 31, 2017[101]. - Annual profit decreased by approximately 19.9% from RMB 826.54 million in 2017 to RMB 662.26 million in 2018, mainly due to increased tax expenses and exchange losses[107]. - Profit attributable to owners decreased by approximately 25.7% from RMB 706.00 million in 2017 to RMB 524.79 million in 2018[108]. Project Development and Sales - In 2018, the company acquired 22 new projects with a total land area of 3.93 million square meters, focusing on strategic urban clusters such as Beijing-Tianjin-Hebei and the Yangtze River Delta[32]. - The total sales area was 3,036,234 square meters, which is a 70% increase year-over-year, while the number of parking spaces sold decreased by 34.5% to 2,954[67]. - The total construction area delivered in 2018 was 1,001,739 square meters, along with 1,615 parking spaces[60]. - The company has ongoing projects in various cities, including Hefei, Huizhou, Xiantao, and Foshan, contributing to the increase in sales revenue[101]. - The company is focusing on residential and commercial developments, with several projects categorized as "under construction" and expected to be completed in the coming years[85]. Corporate Governance and Management - The company has adhered to the corporate governance code as per the Stock Exchange's requirements throughout 2018[150]. - The board consists of ten members, ensuring a balance of skills and experience to meet the group's business needs[154]. - The company has established a corporate governance framework to monitor compliance with legal and regulatory requirements[185]. - The audit committee consists of four independent non-executive directors, ensuring sufficient accounting and financial management expertise[183]. - The company emphasizes the importance of board diversity in its nomination policy, considering skills, knowledge, experience, and diversity[188]. Sustainability and Green Initiatives - The company focuses on "green technology + comfortable energy-saving + digital interconnected full life cycle living environment" as its core competitiveness, emphasizing unique solutions for heating and cooling, air quality, and reduced energy operating costs[4][17]. - The company aims to continue its focus on green real estate and leadership in addressing climate change[141]. - The company has implemented various energy-saving technologies across its projects, including rainwater recycling and high-performance windows[146]. - The company is committed to maintaining high standards of corporate governance, which is crucial for long-term success and sustainable development[150]. Financial Management and Capital Structure - The company maintained cash reserves above 15% of total assets and issued USD 500 million in overseas green bonds[36]. - The company aims to optimize its financing structure and adapt to changing market conditions to ensure sufficient capital for sustainable development[47]. - The company has established a policy to regularly review and adjust employee compensation to align with industry standards[124]. - The company’s management is actively reviewing cash and debt situations monthly to assess capital market opportunities[123]. Investor Relations and Communication - The company organized two large investor roadshows and participated in over 10 investor conferences, meeting with investors more than 100 times throughout the year[135]. - The company plans to enhance shareholder communication through regular updates and a new investor relations platform[200]. - The company aims to enhance communication quality with investors and maintain transparency in information disclosure[137].