香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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，並明確表示不會就因本公告全 部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED 中國新城鎮發展有限公司 中國新城鎮發展有限公司（「本公司」）董事會（「董事會」）宣佈，自2024年10月28日舉 行的董事會會議結束後起： – 2 – （根據英屬維京群島法例註冊成立為商業股份有限公司） （股份代號：1278） (1)董事、主席及重要職位變動；及 (2)董事委員會成員變動 自2024年10月28日舉行的董事會會議結束後起： – 1 – (a) 劉玉海先生已辭任非執行董事並不再擔任主席； (b) 李耀民先生已辭任非執行董事並不再擔任副主席； (c) 劉方慶先生已辭任執行董事； (d) 陳頌國先生已辭任獨立非執行董事並不再擔任首席獨立非執行董事、審核委 員會主席以及提名委員會及薪酬委員會成員； (e) 江紹智先生已辭任獨立非執行董事並不再擔任薪酬委員會主席及提名委員會 成員； (f) 張浩先生已 ...

Financial Performance - For the six months ended June 30, 2024, the company reported operating revenue of RMB 210,938,000, a slight decrease of 1.1% compared to RMB 213,725,000 in the same period of 2023[9]. - The company's net profit for the period was RMB 59,687,000, representing an increase of 2.0% from RMB 58,535,000 in the prior year[10]. - The operating expenses decreased to RMB 120,525,000, down 12.1% from RMB 137,215,000 in the previous year[10]. - The basic earnings per share for the period was RMB 0.0053, reflecting a stable performance compared to the previous year[9]. - The total comprehensive income for the period, after tax, was RMB 60,430,000, down from RMB 64,713,000 in the same period last year[10]. - For the six months ended June 30, 2024, the basic and diluted earnings per share were RMB 0.0053, compared to RMB 0.0054 for the same period in 2023, reflecting a slight decrease[12]. - The total profit attributable to equity holders of the parent company was RMB 51,649 thousand, a decrease of 1.3% from RMB 52,308 thousand in 2023[12]. - The total comprehensive income attributable to equity holders of the parent company was RMB 52,392 thousand, down 10.5% from RMB 58,486 thousand in the previous year[12]. - The company reported a pre-tax profit of RMB 83,262 thousand, which is an increase of 16.9% from RMB 71,221 thousand in the previous year[17]. - Total revenue for the six months ended June 30, 2024, was RMB 158,692,000, a slight increase from RMB 158,042,000 for the same period in 2023, representing a growth of 0.41%[35]. Assets and Liabilities - Non-current assets totaled RMB 3,320,498 thousand as of June 30, 2024, an increase of 7.7% from RMB 3,082,906 thousand at the end of 2023[12]. - Current assets decreased to RMB 4,588,241 thousand from RMB 4,796,459 thousand, representing a decline of 4.4%[12]. - The total assets amounted to RMB 7,908,739 thousand, slightly up from RMB 7,879,365 thousand, indicating a growth of 0.4%[12]. - The total liabilities stood at RMB 3,208,355 thousand, showing a slight decrease from RMB 3,209,241 thousand at the end of 2023[15]. - The equity attributable to equity holders of the parent company increased to RMB 4,211,717 thousand from RMB 4,189,495 thousand, reflecting a growth of 0.5%[14]. - Total liabilities as of June 30, 2024, were RMB 4,416,160,000, down from RMB 4,827,304,000 as of December 31, 2023, indicating a decrease of 8.5%[32]. - The total amount of current liabilities related to interest-bearing borrowings decreased to RMB 200,793 thousand as of June 30, 2024, from RMB 299,295 thousand as of December 31, 2023, reflecting a decline of approximately 32.9%[55]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, showed a net outflow of RMB 29,135 thousand, compared to a net outflow of RMB 22,203 thousand in 2023[17]. - The company reported a net cash inflow from investing activities of RMB 46,229,000, compared to a net outflow of RMB 156,361,000 in the same period of 2023, indicating a significant improvement[18]. - The company’s cash and cash equivalents decreased by RMB 39,508,000 during the six months ended June 30, 2024, compared to an increase of RMB 1,247,305,000 in the same period of 2023[18]. - The company incurred capital expenditures of RMB 3,375,000 on investment properties for the six months ended June 30, 2024, down from RMB 7,941,000 in the same period of 2023[18]. - The company’s interest income from debt instruments measured at amortized cost was RMB 93,464,000 for the six months ended June 30, 2024, compared to RMB 75,156,000 for the same period in 2023, reflecting a growth of 24%[18]. Financial Costs and Expenses - Financial costs increased to RMB 47,455,000, up from RMB 34,975,000 in the previous year, indicating rising financing expenses[10]. - The company incurred total operating costs, sales, and administrative expenses of RMB 65,068,000, an increase of 1.97% compared to RMB 63,805,000 in the previous year[39]. - Interest expenses on borrowings rose significantly to RMB 47,074,000, up 35.5% from RMB 34,698,000 in the prior period[40]. - The company reported a net loss from financial instruments measured at fair value of RMB 20,696,000, compared to a loss of RMB 20,279,000 in the previous year[42]. - The company recognized current tax expenses of RMB 5,537,000, a decrease of 45.5% from RMB 10,155,000 in the previous year[44]. Strategic Developments - The Wuhan Optical Valley International Center project has a total floor area of 172,496 square meters, with 66.4% ownership by the company, aligning with its strategic direction in the integrated circuit industry[8]. - The company has established a joint venture with Vanke in Beijing, holding a 50% stake, to develop the Junzhuang Town project[8]. - The company plans to continue expanding its urbanization investment and property leasing segments to drive future growth[30]. - The company is focusing on enhancing its project management capabilities to improve profitability across its segments[30]. - The group is focusing on sectors such as health, strategic emerging industries, and information technology to drive business transformation and explore new economic projects[92]. Shareholder Information - As of June 30, 2024, the total number of issued shares is 9,726,246,417[100]. - Major shareholder Xitong International holds 2,917,000,000 shares, representing 29.99% of the issued shares[97]. - Guokai International has a beneficial interest of 2,430,921,071 shares, accounting for 24.99% of the issued shares[97]. - The beneficial owner Mr. Shi holds 6,104,938 shares directly and is deemed to have an interest in 1,468,356,862 shares through his control of Shangzhi Holdings, totaling 1,474,461,800 shares or 15.16%[99]. - The company declared a final dividend of HKD 0.0034 per share for the year ended December 31, 2023, approved at the annual general meeting held on June 21, 2024[11]. Corporate Governance - The company has complied with the corporate governance code, except for the absence of the chairman at the annual general meeting[101]. - The company’s executive director and president hosted the annual general meeting in the chairman's absence to ensure effective communication with shareholders[101]. - The audit committee reviewed the accounting principles and internal controls during the reporting period[105].

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）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，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 截至6月30日止六個月 CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED 中國新城鎮發展有限公 司 （根據英屬維京群島法例註冊成立為商業股份有限公司） （股份代號：1278） 截至2024年6月30日止六個月的未經審核中期業績公告 中國新城鎮發展有限公司董事會（分別為「本公司」及「董事會」）欣然公佈本公司及其附屬 公司（「本集團」）截至2024年6月30日止六個月（「報告期間」）的未經審核中期簡明合併財 務報表連同相關比較數字如下： 中期簡明合併損益及其他綜合收益表 截至2024年6月30日止六個月 （除另有指明者外，金額乃以人民幣（「人民幣」）千元列示） | --- | --- | --- | --- | |----------|-------|------------------------|----------------------| | | ...

Investment Strategy and Performance - The company achieved a stable rental rate with office occupancy at over 93% and commercial shop occupancy at over 82% despite macroeconomic pressures[14]. - In 2023, the company issued RMB 1.5 billion bonds with a three-year term at an interest rate of 3.98%, marking the lowest issuance rate for similar bonds in Jiangsu Province[18]. - The fixed income investment projects reached a total investment balance of RMB 2.663 billion by December 31, 2023, with an average annualized pre-tax return rate of approximately 7.06%[20]. - The company added 7 new investment projects in 2023, accumulating a total investment amount of RMB 2.6 billion[20]. - The company is focusing on optimizing its investment structure and exploring new business models to enhance overall investment returns[16]. - The company is actively divesting low-efficiency assets while stabilizing high-quality assets to ensure steady operations[30]. - The company is leveraging the resources of its major shareholders to enhance investment in emerging industries and health sectors[30]. - The company is committed to maintaining a stable operational framework while pursuing business transformation and efficiency improvements[29]. - The company is prioritizing the management of existing projects to ensure risk-free returns on investments[16]. - The company established a limited partnership with Wuxi Guosheng Asset Management Co., Ltd. and Wuxi Tonghui Capital Co., Ltd. to invest in IoT and integrated circuits, aiming for stable income and market insights in high-tech sectors[31]. - The company plans to stabilize operations of existing assets while seeking new growth points through project expansions in 2024[42]. - The management team aims to leverage shareholder advantages to accelerate transformation and sustainable development[43]. - The company has accelerated its business restructuring and established its main business direction, focusing on investment opportunities in emerging industries in key economic areas such as Wuxi[100]. - The company has focused on strategic investments in health, strategic emerging industries, and information technology applications to align with new economic development trends[100]. - The company has successfully completed minority equity investments in sectors such as semiconductors, new materials, and new consumption, accumulating industry experience[156]. - The company plans to prioritize investments in emerging industries through the newly established fund, which will facilitate further business transformation opportunities[156]. Financial Performance and Cash Flow - The company's cash and cash equivalents increased by RMB 950 million in 2023, resulting in a balance of RMB 1.454 billion as of December 31, 2023, attributed to a net cash outflow of RMB 20 million from operating activities and a net cash inflow of RMB 1.042 billion from financing activities[96]. - The company reported a total of RMB 943 million in debt instruments measured at amortized cost as non-current assets, an increase of RMB 228 million from the end of 2022[88]. - The company's cash flow from financing activities was significantly positive, contributing to the overall increase in cash and cash equivalents[96]. - Other payables and accrued liabilities decreased by RMB 61.117 million as of December 31, 2023, mainly due to a reduction of RMB 42.25 million in payables related to the Wuxi project[94]. - The balance of financial products purchased from China Merchants Bank and Ping An Bank decreased by RMB 876 million to RMB 191.76 million as of December 31, 2023, due to redemptions of RMB 873 million for project investments[63]. Business Transformation and Development - The company is focusing on major health, high-tech, and new energy sectors for business transformation and project acquisition opportunities[35]. - A new industrial investment fund was established to enhance investment breadth, prioritizing investments in IoT and integrated circuits[37]. - The company aims to enhance the quality of life for residents by introducing brand products in the fields of tourism, health, and medical care[166]. - The company aims to explore investment opportunities in urbanization and improve people's livelihoods, leveraging the dual shareholder advantage of local state-owned enterprises and national financial institutions[170]. - The company is actively exploring new business avenues in the health industry and strategic emerging industries, having completed investments in several equity projects[185]. - The company is focusing on business transformation and optimizing layout in key industries, with a particular emphasis on health, high-tech, and new energy sectors[196]. - For 2024, the company plans to enhance industry research and increase quality project engagement in health, high-tech, new energy, and advanced manufacturing sectors[199]. - The company aims to strengthen management of existing investments while exploring new equity investments and industry funds[200]. Governance and Risk Management - The company’s management is committed to maintaining high standards of corporate governance to enhance transparency and accountability[105]. - The board of directors meets at least four times a year to review financial performance and significant investments, ensuring governance and oversight[145]. - The group will continue to monitor foreign exchange risks closely and implement necessary hedging arrangements as needed[122]. Market Outlook and Economic Context - Despite external challenges, the company anticipates a continued economic recovery in China in 2024, supported by favorable conditions for high-quality development[33]. - The total GDP of China grew by 5.2% year-on-year in 2023, reaching RMB 126 trillion, with per capita GDP increasing by 5.4% to RMB 89,358[128]. - The group has shifted its investment direction and optimized its layout to revitalize existing projects and stabilize operations[129]. - The group plans to continue seeking investment opportunities in new economic sectors such as health, strategic emerging industries, and information technology applications in 2024[132].

Financial Performance - Total revenue for 2023 reached RMB 337,482 thousand, an increase of 10.6% from RMB 305,029 thousand in 2022[2] - Operating profit for 2023 was RMB 213,434 thousand, significantly up from RMB 65,780 thousand in 2022, marking a growth of 224.5%[13] - The company reported a net profit of RMB 151,256 thousand for 2023, compared to RMB 7,470 thousand in 2022, reflecting a substantial increase[13] - The basic and diluted earnings per share for the year were RMB 0.0145, compared to RMB 0.0003 in 2022, reflecting a significant improvement[15] - The company reported a profit attributable to equity holders of RMB 140.9 million for 2023, compared to RMB 2.7 million in 2022[96] Revenue Sources - Revenue from land development was RMB 13,374 thousand in 2023, up from RMB 2,680 thousand in 2022, indicating a growth of 397.0%[2] - Property management fees generated RMB 34,632 thousand in 2023, slightly down from RMB 35,189 thousand in 2022, a decrease of 1.6%[2] - Interest income from debt instruments measured at amortized cost increased to RMB 174,806 thousand in 2023 from RMB 143,120 thousand in 2022, a rise of 22.2%[10] - Other income totaled RMB 89,907 thousand in 2023, down from RMB 100,639 thousand in 2022, a decline of 10.7%[7] - Total external sales amounted to RMB 337,482 thousand, with significant contributions from urban development (RMB 179,361 thousand) and property leasing (RMB 144,747 thousand) [68] Assets and Liabilities - Total assets increased to RMB 7,879,365 thousand in 2023, up from RMB 6,583,552 thousand in 2022, representing a growth of approximately 19.7%[17] - The total liabilities increased to RMB 3,209,241 thousand in 2023, compared to RMB 2,047,615 thousand in 2022, which is an increase of approximately 56.7%[18] - The company's equity total reached RMB 4,670,124 thousand in 2023, up from RMB 4,535,937 thousand in 2022, indicating an increase of around 3.0%[18] - Non-current assets totaled RMB 3,082,906 thousand in 2023, compared to RMB 2,795,082 thousand in 2022, reflecting an increase of about 10.3%[17] - Current assets rose to RMB 4,796,459 thousand in 2023, a significant increase from RMB 3,788,470 thousand in 2022, marking a growth of approximately 26.6%[17] Cash Flow and Financing - Operating cash flow before tax profit was RMB 201,083 thousand in 2023, significantly higher than RMB 56,488 thousand in 2022, showing an increase of about 255.5%[22] - The company reported a net cash outflow from operating activities of RMB 20,040 thousand in 2023, an improvement from RMB 33,915 thousand in 2022[22] - The financing activities generated a net cash inflow of RMB 1,041,633,000 in 2023, a significant increase from a net outflow of RMB 75,616,000 in 2022[28] - The company incurred capital expenditures for investment properties amounting to RMB 5,225,000 in 2023, a decrease from RMB 81,545,000 in 2022[28] - The company issued guaranteed bonds amounting to RMB 1.5 billion on April 20, 2023, with a net amount of RMB 1.496 billion allocated for project construction and working capital[139] Debt and Borrowings - The company reported a significant increase in borrowings, with RMB 1,511,690,000 in 2023 compared to RMB 45,621,000 in 2022[28] - The total interest-bearing borrowings as of December 31, 2023, amounted to RMB 2.32 billion, compared to RMB 1.12 billion in 2022[133] - The interest expense on borrowings increased from RMB 44,229 thousand in 2022 to RMB 90,406 thousand in 2023, which is an increase of about 104.5%[165] - The expected credit loss provision for 2023 was RMB 3.2 billion, an increase from RMB 2.1 billion in 2022[100] - The total value of debt instruments measured at amortized cost as of December 31, 2023, was RMB 3,200,106 thousand, up from RMB 2,058,813 thousand in 2022[116] Investments and Capital Expenditures - The company has invested in various projects, including RMB 500 million in the Wuxi High-tech Zone Industrial Park project[100] - The group recognized revenue of RMB 13,374 thousand from public infrastructure construction contracts completed in 2023, a significant increase from RMB 268 thousand in 2022 [76] - The group’s investment in joint ventures and associates totaled RMB 398,520 thousand, indicating a diversified investment strategy [69] - The company’s investment in debt instruments measured at amortized cost increased to RMB 2,601,000,000 in 2023 from RMB 300,000,000 in 2022[28] - The fair value gain from investment properties was RMB 1,456 thousand, contributing positively to the overall performance [68] Tax and Deferred Tax - The income tax expense for the year was RMB 49,827,000, slightly up from RMB 49,018,000 in 2022, indicating a marginal increase of 1.6%[179] - The company’s deferred tax liabilities amounted to RMB 17,454,000 in 2023, down from RMB 34,077,000 in 2022, indicating a decrease of approximately 48.7%[179] - The net deferred tax liabilities increased to RMB 145.3 million in 2023 from RMB 127.8 million in 2022[86] - The group has recognized deferred tax assets of RMB 712,000 in 2022, which were not present in 2023[86] - The expected credit loss for Stage 1 is estimated at 1% (2022: 1%), while for Stage 3, it is estimated at 100% (2022: between 40% and 100%)[120] Operational Highlights - The company continues to optimize its business model in response to China's urbanization trends, focusing on investment and downstream product operations[29] - The group’s segments include land development, urbanization development, property leasing, and other services, with performance measured based on operating profit or loss[57] - The group maintained a prudent treasury policy, ensuring a stable liquidity position throughout 2023[198] - The group is exposed to foreign exchange risks related to foreign currency cash and bank balances, debt investments, and interest-bearing bank borrowings, and will continue to monitor and implement necessary hedging arrangements[196] - The group did not engage in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures in 2023[195]

| --- | --- | |---------------------------|--------------| | | （未經審核） | | 營業收入 （人民幣千元） | 213,725 | | 營業費用 （人民幣千元） | (137,215) | | 期內溢利 （人民幣千元） | 58,535 | | 每股基本溢利 （人民幣元） | 0.0054 | 中期業績 中國新城鎮發展有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附 屬公司（「本集團」）截至2023年6月30日止六個月（「報告期間」）之未經審核中期簡 明合併財務報表連同2022年同期之相關比較數字。董事會審計委員會（「審計委 員會」）已審閱報告期間之未經審核中期簡明合併財務報表。 | --- | --- | --- | --- | |------------------------------------|-------|--------------------------|---------------------------------| | | 附註 | 2023 年 \n（未經審核） | 2022 年 \n重述 * \n（ ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）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，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED 中 國 新 城 鎮 發 展 有 限 公司 （根據英屬維京群島法例註冊成立為商業股份有限公司） （股份代號：1278） 截至2023年6月30日止六個月的未經審核中期業績公告 中國新城鎮發展有限公司董事會（分別為「本公司」及「董事會」）欣然公佈本公司及其附屬 公司（「本集團」）截至2023年6月30日止六個月（「報告期間」）的未經審核中期簡明合併財 務報表連同相關比較數字如下： 中期簡明合併損益及其他綜合收益表 截至2023年6月30日止六個月 （除另有指明者外，金額乃以人民幣（「人民幣」）千元列示） 截至6月30日止六個月 2023年 2022年 重述* 附註 （未經審核） （未經審核） ...

Ownership Structure and Strategic Direction - The company achieved a mixed ownership structure with local state-owned enterprises and central financial institutions in 2022, marking the first complete fiscal year under this structure[14] - The company plans to continue exploring investment opportunities in urbanization and new economic sectors, leveraging the dual shareholder resources from Wuxi Transportation Group and China Development Financial[5] - The company aims to integrate development and value enhancement through a strategy of "industry funds + mergers and acquisitions" to continuously improve overall value[18] - The company is committed to maintaining a stable income and cash flow by strengthening internal control and risk management[8] - The company is actively exploring new business development directions in response to complex domestic and international economic conditions[42] - The company aims to enhance its operational management capabilities through the establishment of a commercial management company and a full-chain operational management model for office projects[27] - The company is confident in transforming and developing through acquisition opportunities[26] - The company aims to leverage shareholder resources to increase project reserves, laying the foundation for achieving the 2023 net profit target[52] - The company is exploring innovative financing methods at the project level to enhance its capital strength[37] - The company is committed to its core values of innovation, collaboration, and dedication to seize new development opportunities[78] Financial Performance and Management - As of December 31, 2022, the company achieved operating revenue of RMB 406 million and net profit of RMB 7.454 million, with net profit attributable to the parent company at RMB 2.702 million, reflecting a year-on-year decline due to asset impairment provisions related to the Shenyang project[49] - The company recorded other income of RMB 101 million, an increase of 6% compared to 2021, primarily due to a net increase of RMB 12.222 million in fair value gains on financial instruments[75] - The sales cost for 2022 was RMB 43.267 million, a decrease of 32% year-on-year, mainly due to a 69% reduction in land development costs as the D1-3 kindergarten project was completed[76] - The company plans to continue promoting fixed income investments as a core business for stable growth in 2023, focusing on prudent selection of investment regions and targets[57] - The company recorded a revenue of RMB 305 million for the year ended December 31, 2022, representing a 12% increase compared to RMB 272 million in 2021[99] - The company aims to improve its financial performance by optimizing its cost structure and enhancing revenue streams in the upcoming fiscal year[91] - The company has maintained a fixed income investment portfolio balance of RMB 1.544 billion as of December 31, 2022, achieving the annual expected target[44] - The company recorded net financial costs of RMB 44.62 million in 2022, a decrease of RMB 6.35 million from 2021, mainly due to reduced average bank and other borrowings[103] - The company’s equity attributable to owners of the parent was RMB 4.067 billion, a slight increase from RMB 4.049 billion in 2021[91] - The company has maintained stable occupancy rates for office and commercial spaces despite challenges from the pandemic and education policies[189] Project Development and Asset Management - The Shanghai Luodian New Town project has a total floor area of 172,496 square meters, with above-ground construction area of 116,978 square meters, representing a significant asset in the company's portfolio[6] - The company recorded a risk project impairment of RMB 109 million due to uncertainties in the Shenyang project, prompting negotiations with the local government for an exit strategy[17] - The company has not added any new risk projects in 2022, emphasizing solid project development and reserve work[44] - The company is focusing on the development of modern agricultural projects, including the new Shenyang Lixiang project[92] - The company has established partnerships with quality industry investment institutions to reserve multiple high-quality project resources for future development[171] - The company completed the acquisition of the H-06 plot in Luodian East in February 2021, indicating ongoing project development activities[173] Market and Economic Context - In 2022, the domestic GDP reached RMB 121 trillion, growing by 3.0% year-on-year, marking a new milestone after surpassing RMB 100 trillion and RMB 110 trillion in 2020 and 2021 respectively[197] - The per capita GDP in 2022 was RMB 85,698, reflecting a real growth of 3% compared to the previous year, and it reached USD 12,741 at the average annual exchange rate, maintaining above USD 12,000 for two consecutive years[197] - The economic environment in 2022 faced multiple pressures including demand contraction and supply shocks, yet the national economy continued to develop under strong leadership[196] Risk Management and Governance - The company is actively working with the Shenyang government to expedite the equity transfer of the Shenyang project, which has faced delays due to external factors[55] - In 2023, the company will continue to address risk projects systematically, aiming to recover investment losses through various means, including judicial approaches and asset swaps[58] - The company emphasizes maintaining high standards of corporate governance to enhance transparency and accountability, which is essential for shareholder value[133] - The board of directors has confirmed compliance with the corporate governance code throughout the fiscal year ending December 31, 2022[159] Employee and Operational Insights - Total employee costs, including director remuneration, amounted to approximately RMB 56.75 million in 2022, compared to RMB 51.33 million in 2021[147] - The company had 88 employees as of December 31, 2022, down from 93 in 2021[147] - The company emphasizes the importance of teamwork and resilience in navigating complex external environments to ensure steady progress in operations[53]

香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）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，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED 中 國 新 城 鎮 發 展 有 限 公司 （根據英屬維京群島法例註冊成立為商業股份有限公司） （股份代號：1278） 2022年全年業績公告 中國新城鎮發展有限公司董事會（分別為「本公司」及「董事會」）公佈本公司及其附屬公司 （「本集團」）截至2022年12月31日止年度的經審核合併財務業績及截至2021年12月31日止 年度的比較數據如下： 合併損益及其他綜合收益表 截至2022年12月31日止財政年度 （除另有指明者外，所有金額乃以人民幣千元列示） 附註 2022年 2021年 營業收入 405,668 367,776 ...

Financial Performance - The company reported a revenue of RMB 207,081,000 for the six months ended June 30, 2022, representing a significant increase compared to the previous year[20]. - Operating expenses for the same period were RMB 100,938,000, leading to a profit attributable to equity holders of RMB 78,736,000[20]. - Basic earnings per share for the period were RMB 0.0078, indicating a positive performance in profitability[20]. - Operating revenue for the six months ended June 30, 2022, was RMB 207,081 thousand, an increase of 19.2% from RMB 173,569 thousand in the same period of 2021[23]. - The profit from continuing operations before tax decreased to RMB 103,421 thousand, down 25.8% from RMB 139,465 thousand year-on-year[23]. - The net profit attributable to equity holders of the parent company for the six months ended June 30, 2022, was RMB 75,834 thousand, a decrease of 33.8% compared to RMB 114,557 thousand in the same period of 2021[26]. - Total comprehensive income for the period, after tax, was RMB 87,148 thousand, down 30.4% from RMB 125,143 thousand year-on-year[29]. - The total operating profit for the group was RMB 124,705 thousand, compared to RMB 168,236 thousand in the same period of 2021, reflecting a decrease of approximately 25.8%[73]. - The company reported a profit of RMB 75,834 thousand for the period, compared to a profit of RMB 114,557 thousand in the same period last year, indicating a decline of approximately 33.8%[49]. Assets and Liabilities - The group's total assets as of June 30, 2022, amounted to RMB 6,638,908 thousand, a slight decrease from RMB 6,678,036 thousand as of December 31, 2021[40]. - Non-current assets totaled RMB 3,536,407 thousand as of June 30, 2022, compared to RMB 3,328,833 thousand at the end of 2021, indicating a growth of 6.2%[33]. - Current liabilities decreased to RMB 1,275,655 thousand from RMB 1,366,642 thousand, reflecting a reduction of 6.6%[40]. - Total liabilities as of June 30, 2022, were RMB 2,037,241 thousand, down from RMB 2,163,517 thousand at the end of 2021, indicating a reduction of approximately 5.8%[77]. - The company’s total equity as of June 30, 2022, was RMB 4,601,667 thousand, an increase from RMB 4,514,519 thousand at the end of the previous year[49]. - The total amount of debt instruments measured at amortized cost is RMB 2,204,556 thousand, an increase from RMB 1,973,637 thousand as of December 31, 2021, representing a growth of approximately 11.7%[107]. - The company’s total liabilities as of June 30, 2022, are RMB 1,828,987 thousand, an increase from RMB 1,596,290 thousand as of December 31, 2021, reflecting a growth of about 14.6%[107]. Cash Flow and Financial Costs - The operating cash flow for the period was a net outflow of RMB 31,961 thousand, compared to an inflow of RMB 426,003 thousand in the previous year[43]. - The financial costs for the six months ended June 30, 2022, were RMB 21,284 thousand, a decrease of 26.1% from RMB 28,771 thousand in the previous year[23]. - The company’s interest income from bank deposits decreased to RMB 1,653 thousand from RMB 3,940 thousand year-over-year[46]. - The company incurred a loss of RMB 29,171 thousand in accounts payable and other payables, compared to a loss of RMB 114,599 thousand in the previous year[43]. - The company’s total financial costs for the first half of 2022 were RMB 21,284,000, down from RMB 28,771,000 in the same period of 2021, reflecting a decrease of 26.0%[93]. Project Developments - The company holds a 72.63% stake in the Shanghai Luodian New Town project, which spans 6.80 square kilometers and is well-connected to Shanghai city center[12]. - The Wuhan Optics Valley International Center project, with a 66.4% stake, has a total floor area of 172,496 square meters and is strategically located in a key high-tech area[13]. - The company is developing a comprehensive industrial park in Beijing's Mentougou District, in partnership with Vanke, holding a 50% stake in the project[14]. - The Nanjing Yuhua District project covers an area of 23,475.91 square meters and aims to create a mixed-use development with a total planned area of approximately 120,000 square meters[16]. - The Shenyang Lixiang project, covering 20.55 square kilometers, is in the process of being sold, with the transaction expected to complete following regulatory procedures[17]. - The company is actively communicating with local government platforms to facilitate project development and investment recovery[16]. Accounting and Compliance - The board of directors has reviewed the unaudited interim financial statements for the reporting period, ensuring compliance and accuracy in financial reporting[21]. - The financial statements are prepared in accordance with International Accounting Standards, with amounts presented in thousands of RMB[55]. - The company adopted several new accounting standards effective from January 1, 2022, but these did not have a significant impact on the financial statements[60]. - The financial statements do not include all disclosures required for annual financial statements, and should be read in conjunction with the annual financial statements as of December 31, 2021[57]. - The company has not identified any loss-making contracts during the reporting period, indicating stable contract performance[63]. Strategic Initiatives - The company aims to actively recover risk projects to achieve stable cash returns[200]. - The company plans to explore project resources in target industries such as information technology, healthcare, and health[200]. - The company intends to complete the sale of the Shenyang Li Xiang project in the second half of the year to recover funds for strategic business investments[200]. - The company will optimize its assets while maintaining stable cash flow to seek quality projects in potential industries[200]. - The goal is to create greater value for shareholders through these strategic initiatives[200].