Financial Performance - The company reported revenue of RMB 1,122,609 thousand, a significant increase from RMB 558,933 thousand for the same period in 2021, representing a growth of 100.0%[49]. - The gross profit for the same period was RMB 240,843 thousand, compared to RMB 52,702 thousand in the previous year, indicating a substantial increase in profitability[49]. - The operating profit for the six months ended June 30, 2022, was RMB 179,303 thousand, a turnaround from an operating loss of RMB 55,567 thousand in the prior year[49]. - The net profit for the period was RMB 81,323 thousand, compared to a net loss of RMB 85,862 thousand in the same period last year, marking a significant recovery[49]. - The company reported basic and diluted earnings per share of RMB 18.67, a notable improvement from a loss per share of RMB 45.92 in the previous year[51]. - The overall profit for the group was RMB 170,612 thousand, a significant recovery from a loss of RMB 89,289 thousand in the previous year[87]. - The company reported a profit attributable to shareholders of RMB 36,609 thousand for the six months ended June 30, 2022, compared to a loss of RMB 90,055 thousand for the same period in 2021[124]. Property Development - The company's property development sales increased significantly from approximately RMB 521.7 million in the six months ended June 30, 2021, to approximately RMB 1,059 million in the same period of 2022, representing a growth of about 103%[13]. - The total net saleable area delivered to customers was approximately 105,034 square meters for the six months ended June 30, 2022, compared to 62,758 square meters in the same period of 2021[13]. - For the six months ended June 30, 2022, external customer revenue for property development was RMB 1,059,043 thousand, compared to RMB 521,668 thousand in 2021, representing a 103% increase[87]. - The segment performance for property development showed a profit of RMB 172,443 thousand, recovering from a loss of RMB 53,911 thousand in the same period of 2021[87]. Equipment Manufacturing - Equipment manufacturing revenue rose approximately 70.6% from about RMB 37.3 million in the six months ended June 30, 2021, to approximately RMB 63.6 million in the same period of 2022[17]. - The total revenue for the equipment manufacturing segment was RMB 63,566 thousand, up from RMB 37,265 thousand in 2021, marking a 70% increase[87]. Expenses and Cost Management - Selling and distribution expenses decreased by approximately 60% for the six months ended June 30, 2022, due to reduced promotional and marketing activities[18]. - Administrative expenses were reduced by approximately 35% for the six months ended June 30, 2022, attributed to effective cost control measures implemented by the company[19]. - Financial costs decreased to RMB 14,442 thousand from RMB 31,652 thousand, reflecting a reduction of about 54%[87]. Tax and Financial Costs - Tax expenses for the six months ended June 30, 2022, were approximately RMB 89.3 million, a significant increase from RMB 5.6 million in the same period of 2021, primarily due to higher income[22]. - The company reported a net financial cost of RMB 24.7 million for the six months ended June 30, 2022, which was lower than the previous year's cost due to a reduction in loans and borrowings[21]. Assets and Liabilities - As of June 30, 2022, the group's net current assets were approximately RMB 1,612,500,000, a decrease of 8% compared to December 31, 2021, primarily due to a reduction in development properties and prepaid costs by approximately RMB 663,500,000 and contract assets by RMB 441,300,000[25]. - The total amount of outstanding loans and borrowings as of June 30, 2022, was approximately RMB 964,900,000, with cash and cash equivalents amounting to approximately RMB 602,300,000[25]. - The net capital debt ratio as of June 30, 2022, was approximately 18%, down from approximately 31% on December 31, 2021[38]. - Current liabilities decreased to RMB 4,077,621 thousand from RMB 5,339,683 thousand, reflecting improved liquidity management[55]. - The net asset value increased to RMB 2,020,835 thousand as of June 30, 2022, compared to RMB 1,944,521 thousand at the end of 2021, indicating a strengthening balance sheet[55]. Strategic Plans and Future Outlook - The company plans to continue expanding its property development projects and enhance its equipment manufacturing capabilities in the future[16]. - The company plans to shift its investment strategy from heavy asset operations to light asset operations, aiming to enhance cash flow and achieve long-term healthy development[27]. - The company aims to expand its business in residential and commercial properties in China, as well as in HVAC and cleanroom equipment production and trade[69]. - The company continues to focus on strategic growth and market expansion, particularly in the Chinese market[69]. Corporate Governance and Shareholding - The company has maintained compliance with the corporate governance code, with the chairman also serving as the CEO, which the board believes ensures consistency in internal leadership[43][44]. - Major shareholder Mei Yi Holdings Limited holds a beneficial interest of 8.05% in the company, with Mr. Zhang Wei holding 46.41% directly[32]. Cash Flow and Dividends - The company did not declare any interim dividend for the six months ended June 30, 2022, maintaining a conservative approach amid market conditions[48]. - The net cash flow from financing activities for the first half of 2022 was RMB 111,942,000, compared to a net cash outflow of RMB 467,981,000 in the same period of 2021[59]. Related Party Transactions and Acquisitions - The company engaged in significant related party transactions, which were conducted under agreed terms[143]. - The company completed a business combination with Hangzhou Junwei Real Estate Co., Ltd., which became a subsidiary, enhancing its property development capabilities[135]. - The company sold its entire stake in Guangdong Leidin Real Estate Development Co., Ltd. for a cash consideration of RMB 112,000,000, generating a profit of approximately RMB 1,389,000[147]. - The company also sold its entire stake in Zhongwei Smart Cold Chain Logistics Co., Ltd. for RMB 5,150,000, resulting in a profit of about RMB 2,503,000[147].

Real Estate Development - As of December 31, 2021, the company has 26 completed real estate projects with a total construction area of approximately 3,194,513 square meters[4]. - There are 6 ongoing real estate projects with a total construction area of approximately 362,955 square meters, and 1 project planned for future development with a total planned construction area of approximately 93,046 square meters[4]. - The company has been recognized with multiple awards, including being ranked among the top 50 real estate development companies in Henan and receiving the Best Living Environment Design Award in Kaifeng[4]. - The company aims to continue its "real estate + industry" development model, focusing on high-quality projects and selective deep cultivation in target cities[10]. - The company operates through various development models, including direct land acquisition, joint development, and entrusted development[6]. - The company has a diversified revenue model that includes vertical development and cooperative development strategies[6]. - The company is focused on innovation and management enhancement to improve brand recognition and market position[7]. - The company is integrating internal and external resources to enhance operational efficiency and accelerate cash flow recovery[13]. - The company is actively exploring new operational models and strategic collaborations across various sectors to achieve performance growth[23]. - The company focuses on existing project development in Zhengzhou and its surrounding one-hour city circle, utilizing urban renewal and land acquisition strategies to enhance business growth[23]. - The company has a total of 18 projects in Henan, indicating a strong commitment to the region's real estate development despite market challenges[23]. - The company has 4 real estate projects in the Yangtze River Delta, with 3 completed and 1 still under development as of December 31, 2021[41]. - In the Guangdong-Hong Kong-Macao Greater Bay Area, the company plans to invest in projects with a focus on the "one-hour economic circle" centered around Shenzhen, with 4 projects in the area, including 1 completed and 3 under development[49]. - The company aims to achieve stable development and risk control through various operational strategies, including project acquisition and management[41]. Financial Performance - The total net saleable floor area delivered to customers for the year ended December 31, 2021, was approximately 105,267 square meters, a decrease of about 61% compared to 267,728 square meters in the same period of 2020[13]. - Real estate business revenue for the year was approximately RMB 940 million, representing a year-on-year decrease of about 65% due to the impact of COVID-19 on construction progress[13]. - Equipment manufacturing business confirmed revenue of RMB 807 million for the year, a year-on-year decline of approximately 21%[13]. - In 2021, the total revenue of the company was approximately RMB 1,019.3 million, a decrease of about 63% compared to 2020[53]. - The company recorded a loss attributable to shareholders of approximately RMB 128 million for the year ended December 31, 2021[53]. - The gross profit from the property development business decreased by about 14% to approximately RMB 153.6 million for the year ended December 31, 2021[53]. - The company reported a significant decrease in trade and other payables from RMB 1,641,790 thousand in 2020 to RMB 1,295,732 thousand in 2021, a reduction of approximately 21%[183]. - The company’s total liabilities decreased significantly, with trade and other payables reducing by RMB 432,815,000 in 2021 compared to an increase of RMB 583,909,000 in 2020[190]. - The company reported a substantial increase in contract liabilities, which rose to RMB 985,504,000 in 2021 from a negative RMB (1,355,994,000) in 2020, reflecting a positive shift in contract management[190]. Market Outlook - The real estate market is expected to rebound due to supportive policies from the central government, including a comprehensive reduction in reserve requirements[10]. - Future policies are expected to support the residential housing market, particularly for first-time homebuyers and those seeking improved housing[13]. - The ongoing development of the Hainan Free Trade Port is anticipated to boost economic growth and market vitality in the region[26]. - The real estate market in Hainan, particularly Haikou, is experiencing strong demand despite insufficient supply, with property values expected to rise as the free trade port construction progresses towards its 2025 operational deadline[32]. - The Yangtze River Delta region continues to lead China's economic development, with stable growth and a focus on maintaining stable land and housing prices, as well as prudent financial management in real estate[37]. - The real estate market in the Greater Bay Area is expected to develop steadily in 2022, supported by policies and population growth[44]. Corporate Governance - The company is committed to high standards of corporate governance to enhance value for customers and shareholders[69]. - The board of directors highlighted the importance of corporate governance, with new policies introduced to enhance transparency and accountability[61]. - The board's responsibilities include overseeing the group's overall strategy, performance, and risk management[70]. - The company has a structured approach to ensure the protection of shareholder interests and enhance long-term value[69]. - The audit committee, nomination committee, and remuneration committee assist the board in fulfilling its responsibilities[70]. - The company has received written annual confirmations regarding the independence of all independent non-executive directors[136]. - The board believes that the company has the ability to meet its debt obligations as they fall due[119]. - The company emphasizes equal treatment of all shareholders and ensures timely communication of significant developments affecting the group[102]. Employee and Management - The company is committed to team building by optimizing personnel and nurturing talent that aligns with current operational needs[15]. - The group had 449 employees as of December 31, 2021, down from 469 in 2020[56]. - The company provides appropriate training for newly appointed directors, covering accounting, legal, and industry-specific knowledge as needed[75]. - The performance and appointment of the executive chairman and CEO are regularly reviewed by the nomination committee, with compensation assessed by the remuneration committee[79]. Risk Management - The management team emphasized the importance of risk management, with a new framework implemented to mitigate potential market volatility[60]. - The internal control system aims to manage risks rather than eliminate them, providing reasonable assurance against significant financial misstatements[95]. - The board regularly reviews its risk management and internal control systems to address financial, operational, compliance, and IT risks[95].

Financial Performance - The company's revenue for the six months ended June 30, 2021, was approximately RMB 558.93 million, a significant increase from RMB 52.57 million for the same period in 2020, representing a growth of about 964%[11] - The gross profit for the same period was RMB 52.70 million, compared to RMB 5.79 million in 2020, resulting in a gross margin of approximately 9.4%[11] - The company incurred a net loss of RMB 85,862 thousand for the six months ended June 30, 2021, a decrease in loss compared to RMB 106,586 thousand in the same period of 2020, reflecting a reduction of approximately 19.5%[51] - The company reported a total comprehensive loss of RMB (87,075) thousand for the period, compared to RMB (106,586) thousand in the previous year, showing an improvement of 18.4%[66] - The company reported a pre-tax loss of RMB 80,280 thousand for the first half of 2021, an improvement from a loss of RMB 117,737 thousand in the same period of 2020[79] Revenue Segmentation - The property development segment reported sales of RMB 521.67 million, up from RMB 36.93 million in the previous year, with a gross profit margin of 8%[13] - The equipment manufacturing segment's revenue rose by approximately 138% to RMB 37.27 million, with a gross margin of 26%[17] - The property development segment generated external customer revenue of RMB 521,668 thousand, while the equipment manufacturing segment contributed RMB 37,265 thousand[79] Expenses and Liabilities - Selling and distribution expenses increased by about 25% compared to the previous year, primarily due to additional costs associated with new projects[18] - Administrative expenses rose by approximately 10%, mainly due to increased costs from new property development activities[19] - Interest expenses for the six months ended June 30, 2021, were RMB 30.97 million, up from RMB 26.86 million in 2020, attributed to increased financial costs of non-capitalizable development properties[21] - Current liabilities increased to RMB 5,547,720 thousand as of June 30, 2021, compared to RMB 4,871,328 thousand at the end of 2020, representing an increase of approximately 13.8%[57] - The total liabilities increased to RMB 6,315,320 thousand as of June 30, 2021, from RMB 5,779,626 thousand at the end of 2020, reflecting a rise of about 9.3%[82] Assets and Equity - The total amount of outstanding loans and borrowings as of June 30, 2021, was approximately RMB 2,122,500,000, with cash and cash equivalents amounting to approximately RMB 880,500,000[28] - The company's net asset value attributable to shareholders was RMB 1,387,223 thousand as of June 30, 2021, down from RMB 1,473,144 thousand at the end of 2020[112] - The company’s total equity decreased to RMB 1,934,873,000 as of June 30, 2021, from RMB 2,016,601,000 as of December 31, 2020[119] Cash Flow - Operating cash flow for the six months ended June 30, 2021, was RMB (121,351) thousand, a decrease from RMB (301,112) thousand in the same period of 2020, representing a 59.6% decline[59] - Net cash flow from investing activities increased to RMB 40,080 thousand in 2021 from RMB 13,232 thousand in 2020, marking a significant improvement[59] - Financing activities generated a net cash flow of RMB 82,969 thousand in 2021, down from RMB 215,987 thousand in 2020, indicating a 61.6% decrease[59] Market Outlook and Strategy - The group has a cautious optimistic outlook on the real estate market for the coming year, while remaining vigilant about the economic uncertainties posed by the ongoing COVID-19 pandemic[29] - The group plans to implement a "real estate + industry" development strategy to promote business transformation and enhance long-term development[29] - The company plans to expand its business operations in China through acquisitions and new product developments in the cleanroom equipment sector[17] Compliance and Governance - The company maintained compliance with the corporate governance code throughout the reporting period, enhancing investor confidence[44] - There were no changes in the board of directors that required disclosure since the last annual report[50] - The company has not applied any new standards or interpretations that have not yet come into effect during the reporting period, ensuring compliance with international financial reporting standards[70] Other Financial Metrics - The company reported a basic loss per share of RMB (45.92) for the six months ended June 30, 2021, compared to RMB (46.13) in the same period of 2020[53] - The company has not declared or recommended an interim dividend for the six months ended June 30, 2021, or for the same period in 2020[109] - The company recognized a net gain of RMB 1,468,000 from the sale of Huizhou Dajinzhou Real Estate Development Co., Ltd. for RMB 35,000,000, with net assets of approximately RMB 33,532,000 at the time of sale[134]

Real Estate Development - As of December 31, 2020, the company has 24 completed real estate projects with a total construction area of approximately 3,007,592 square meters[6]. - The company is currently developing 8 projects with an estimated total construction area of about 540,455 square meters[6]. - The company has a future development project with a planned total construction area of approximately 70,000 square meters[6]. - The company has a total of 18 real estate projects as of December 31, 2020, with 16 completed and 2 under development[39]. - In the Hainan region, the company has 7 real estate projects, with 6 completed and 1 pending development as of December 31, 2020[47]. - The company aims to focus on residential projects in Hainan, with a strategic emphasis on government industrial development plans[47]. - In the Yangtze River Delta region, the company has 4 real estate projects, with 1 completed and 3 under development as of December 31, 2020[55]. - The company reported a 20.4% year-on-year increase in sales area for commercial housing in the Pearl River Delta region in 2020[61]. - The company has completed the development of the Weiyi Meiyue Bay project in the Pearl River Delta region[65]. Financial Performance - The total revenue for the year ended December 31, 2020, was approximately RMB 2,777.9 million, representing an increase of about 264% compared to the same period in 2019[71]. - The net profit attributable to shareholders for the year ended December 31, 2020, was approximately RMB 23.3 million, a significant increase of about 175% from 2019[71]. - The total net saleable floor area transferred to customers increased significantly to approximately 267,728 square meters, up 303% from 80,285 square meters in 2019[71]. - The sales revenue from the real estate business was approximately RMB 2.6758 billion, representing a year-on-year growth of about 279%[26]. - The equipment manufacturing business reported revenue of approximately RMB 102.1 million, an increase of about 79% year-on-year[26]. - The overall gross profit margin decreased from approximately 26% in 2019 to about 21% in 2020, while the sales gross profit increased by approximately 46% due to revenue growth[26]. - Other income increased by approximately 292%, primarily due to the sale of a subsidiary, generating revenue of about RMB 177.9 million[71]. Strategic Direction and Partnerships - The company has adjusted its strategic direction to focus on a "real estate + industry" development model, aiming for quality projects and selective deep cultivation in specific cities[20]. - The company aims to strengthen strategic partnerships to promote a win-win development model and adapt to market changes[16]. - Strategic partnerships were established with several well-known large real estate developers to enhance project expansion and operational performance while reducing operational risks[27]. - The company plans to continue seeking strategic partners for comprehensive cooperation in areas such as joint development, industrial development, urban renewal, and infrastructure construction[29]. - The company is integrating high-quality resource partners to support the operation and rapid advancement of industrial real estate projects[29]. Corporate Governance - The board of directors emphasized the importance of maintaining strong corporate governance and transparency in financial reporting[90]. - The company reported a commitment to high standards of corporate governance to enhance value for customers and shareholders[101]. - The board consists of a solid majority of independent non-executive directors, with three independent non-executive directors accounting for over half of the board members[112]. - The company has complied with the corporate governance code set by the Hong Kong Stock Exchange throughout the fiscal year ending December 31, 2020[101]. - The audit committee, nomination committee, and remuneration committee play crucial roles in ensuring good corporate governance[102]. Risk Management and Internal Controls - The internal control system aims to manage risks rather than eliminate them, providing reasonable assurance against significant financial misstatements or losses[138]. - The audit committee consists of three independent non-executive directors and is responsible for reviewing the effectiveness of the internal control and risk management systems[140]. - The company acknowledges that the internal control system is effective but not absolute, and cannot guarantee the absence of significant financial misstatements[139]. - The management regularly reviews the business and operational activities to identify significant risk areas and takes appropriate measures to control and mitigate those risks[138]. Employee and Operational Insights - The company employed a total of 469 full-time employees as of December 31, 2020, a decrease from 478 in 2019[195]. - The company's administrative expenses amounted to approximately RMB 188.2 million, representing an increase of about 29% compared to the same period in 2019[74]. - The company had 469 employees as of December 31, 2020, with total employee benefit expenses amounting to approximately RMB 114.1 million for the year[77]. Future Outlook - The company provided a positive outlook for 2021, projecting a revenue growth of 10% to 1.32 billion, driven by new product launches and market expansion[90]. - Investment in new technology development increased by 25%, with a budget allocation of 50 million for R&D initiatives in 2021[90]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[90].

共克時艱 揚帆偉業 2020 INTERIM R E P O RT 中期報告 （於新加坡共和國註冊成立的有限責任公司） 香港股份代號：1570 共克時艱 揚帆偉業 2020 INTERIM R E P O RT 中期報告 "肇供藏別 偉業控股有限公司 目錄 管理層討論及分析 公司資料 2 財務概要 3 管理層討論及分析 4 權益披露 9 企業管治及其他資料 11 簡明綜合損益及其他全面收入表 14 簡明綜合財務狀況表 16 簡明綜合現金流量表 18 簡明綜合權益變動表 19 簡明綜合財務報表附註 21 01 2020 中期報告 公司資料 | --- | --- | |--------------------------------|----------------------------------| | 執行董事 | 註冊辦事處 | | 張偉 （執行主席兼首席執行官） | 100H Pasir Panjang Road #01-01 | | 陳志勇 （首席運營執行官） | OC@Pasir Panjang | | 獨立非執行董事 | Singapore 118524 | | 劉寧 | 核數師 | | 董心誠 ...

Real Estate Development - As of December 31, 2019, the company had 22 completed real estate projects with a total construction area of approximately 2,572,353 square meters and 9 projects under development with an estimated total construction area of about 861,941 square meters[3]. - The company has two projects designated for future development with a planned total construction area of approximately 173,204 square meters[3]. - The company operates through various development models, including direct project acquisition, joint development, and entrusted development[6][7]. - The company has 4 real estate projects in the Yangtze River Delta region, with 3 under development and 1 pending development as of December 31, 2019[39]. - In the Pearl River Delta region, the company has 5 real estate projects, with 4 under development and 1 potential development as of December 31, 2019[49]. - In Hainan, the company has 7 real estate projects, with 6 completed and 1 pending development as of December 31, 2019[32]. Financial Performance - The total revenue for the year was approximately RMB 763.1 million, a decrease of 57% compared to 2018[61]. - The company confirmed real estate sales revenue of approximately RMB 706 million, also a 59% year-on-year decline[15]. - The overall gross margin decreased from 32% in 2018 to 26% in 2019 due to intensified competition and market uncertainty[15]. - The company recorded a loss attributable to shareholders of approximately RMB 30.9 million, a significant increase of 119% in losses[61]. - The gross profit from property development was approximately RMB 152.8 million, a decrease of about 72% year-on-year[63]. - The equipment manufacturing business achieved total sales of RMB 57 million, an increase of 11% compared to the previous year[15]. Strategic Partnerships and Market Focus - The company is actively seeking strategic partnerships to enhance its development model and is closely studying government policy developments to accurately grasp market trends[9]. - The company aims to establish strategic partnerships with several well-known large real estate developers to mitigate operational risks and enhance performance in traditional real estate projects[15]. - The company plans to enhance existing product technology, adjust sales models, and integrate supply chains to actively explore emerging markets in Southeast Asia[15]. - The company plans to focus on six major regions for new investment projects in 2020, including the Yangtze River Delta and the Pearl River Delta[56]. Corporate Governance - The company reported a commitment to high standards of corporate governance, adhering to the Hong Kong Stock Exchange's Corporate Governance Code throughout the fiscal year ending December 31, 2019[90]. - The board of directors held a total of 4 regular meetings to approve interim and annual performance announcements, ensuring transparency and accountability in decision-making[92]. - The company has established clear internal guidelines for significant investment and divestment decisions, ensuring that all major financial commitments are thoroughly reviewed and approved by the board[95]. - The board is responsible for overseeing the group's overall strategy, performance, and risk management, which includes significant operational plans and financial performance reviews[91]. - The company has a dedicated audit committee that meets regularly to review financial updates and ensure compliance with regulatory requirements[95]. Risk Management and Internal Controls - The internal control system aims to manage risks rather than eliminate them, providing reasonable assurance against significant financial misstatements or losses[126]. - The audit committee reviews the effectiveness of the internal control and risk management procedures, focusing on financial, operational, compliance, and IT controls[131]. - The management regularly reviews the business and operational activities to identify significant risk areas and implement appropriate measures[126]. - The audit committee is tasked with reviewing any potential conflicts of interest and ensuring the adequacy of risk management processes[132]. Market Trends and Economic Conditions - The real estate industry faced significant challenges in 2019, with over a hundred regulatory policies issued throughout the year, emphasizing the "housing is for living, not for speculation" principle[12]. - Zhengzhou's population exceeded 10 million in 2019, entering the ranks of super-large cities, which is expected to drive future real estate demand[22]. - Hainan's tourism revenue grew by 11.3% in 2019, with inbound tourists increasing by 13.6%, outpacing the national growth rate by 9 percentage points[29]. - In 2019, Hainan's real estate development investment decreased by 22.1%, with sales area and sales amount dropping by 42.1% and 38.8% respectively[30]. Shareholder Engagement - Shareholders are encouraged to participate in the annual general meeting, with provisions for absentee voting and timely communication of significant developments[146]. - The company maintains a commitment to transparency, ensuring all shareholders receive equal access to information and updates on major developments[139]. - The board of directors is responsible for coordinating the exercise of shareholder rights and ensuring all shareholders are treated equally[139]. Employee and Management Information - As of December 31, 2019, the company employed a total of 478 full-time employees, an increase from 403 in 2018[186]. - The company's chairman and CEO, Zhang Wei, holds a beneficial interest in 91,029,648 shares, representing 46.41% of the company[191]. - Executive director Chen Zhiyong holds a beneficial interest in 40,240,256 shares, which is 20.52% of the company[191].

WEIYE HOLDINGS LIMITED 偉業控股有限公司 (新加坡公司註冊攝號：198402850E) 《於新加坡共和國註冊成立的有限公司》 香港証券代號：1570 www 中期報告 2019 Interim Report 納 新 揚 帆 拼 搏 奮 進 *優供織別 目錄 公司資料 02 財務概要 03 管理層討論及分析 04 權益披露 09 企業管治及其他資料 11 簡明綜合損益及其他全面收入表 14 簡明綜合財務狀況表 15 簡明綜合現金流量表 17 簡明綜合權益變動表 18 簡明綜合財務報表附註 20 2019 中期報告 公司資料 | --- | --- | |--------------------------------|--------------------------------| | | | | 執行董事 | 註冊辦事處 | | 張偉 （執行主席兼首席執行官） | 100H Pasir Panjang Road #01-01 | | 陳志勇 （首席運營執行官） | OC@Pasir Panjang | | 獨立非執行董事 | Singapore 118524 | | 劉寧 | 核數師 ...

Real Estate Projects - The company has completed 20 real estate projects with a total construction area of approximately 1,799,440 square meters as of December 31, 2018[8]. - There are 4 ongoing real estate projects with an estimated total construction area of about 946,365 square meters[8]. - The company has 6 projects planned for future development, with a total planned construction area of approximately 553,252 square meters[8]. - As of December 31, 2018, the company had 16 real estate projects in Henan Province, with 14 completed, 1 under development, and 1 pending development[29]. - The company has 7 real estate projects in Hainan, with 6 completed and 1 pending development as of December 31, 2018[36]. - The company has a total of 2 ongoing projects in the Pearl River Delta region, with both still under development[42]. - The company has a total of 2 undeveloped projects located in the Fuzhou area as of December 31, 2018[53]. Financial Performance - In the fiscal year 2018, the total sales revenue from real estate business reached approximately RMB 1.73 billion, representing a year-on-year increase of 3%[20]. - The company's net profit for the fiscal year 2018 was RMB 160.3 million, an increase from RMB 134.5 million in 2017[55]. - The fiscal year 2018 total revenue reached approximately RMB 1.78 billion, representing a year-on-year growth of 2%[59]. - The net profit after tax for 2018 increased to approximately RMB 160 million, with a year-on-year growth of 19%[59]. - The gross profit from real estate operations for 2018 was approximately RMB 550 million, a significant increase of 166% year-on-year, with a gross margin rise of 20%[60]. - The equipment manufacturing business reported sales of approximately RMB 51.3 million in 2018, a decline of 26% year-on-year, with a gross profit of approximately RMB 16.6 million[61]. - Selling and distribution expenses for 2018 were approximately RMB 53.5 million, reflecting a 30% increase due to promotional activities for new projects[66]. - Administrative expenses rose to approximately RMB 160 million in 2018, a 17% increase attributed to professional fees related to the delisting from the Singapore Stock Exchange and expansion in the Yangtze River Delta region[67]. Market Expansion and Strategy - The company aims to strengthen its position in the Henan market, driven by strong demand and rapid urbanization[7]. - The company has expanded its business to Hainan, offering resort-style residential products to meet the growing demand from middle and high-income groups[7]. - The company plans to establish an overseas business expansion team to explore investment opportunities in Southeast Asian countries, including Singapore, Malaysia, Thailand, Vietnam, and Cambodia[21]. - The company is focusing on innovative business cooperation models and forming mixed-ownership companies to enhance real estate development and operational advantages[21]. - The company aims to achieve "low cost, high turnover" operational goals through a business model that integrates industry and real estate[48]. - The company is transitioning from traditional real estate development to integrated smart living service platforms, focusing on property management and tourism services[36]. Corporate Governance - The company has adhered to the Hong Kong Corporate Governance Code during the fiscal year ending December 31, 2018, with appropriate adjustments and disclosures made[97]. - The board of directors is responsible for overseeing the company's strategy, performance, and risk management, ensuring decisions align with the company's interests[98]. - The company emphasizes the importance of timely communication and information sharing among board members to facilitate informed decision-making[99]. - The board consists of a majority of independent non-executive directors, ensuring balanced decision-making and governance[112]. - The company has adopted internal guidelines requiring board approval for significant investments, divestments, and fundraising decisions[105]. - The board confirmed that the financial records for the fiscal year 2018 were properly maintained and presented fairly in all material aspects[133]. Risk Management and Internal Controls - The internal control and risk management systems were deemed effective in addressing significant financial, operational, compliance, and IT risks during the year[133]. - The audit committee reviewed the effectiveness and adequacy of the internal control and risk management procedures, ensuring they align with the acceptable risk levels set by the board[134]. - The company does not have a dedicated risk management committee; instead, the board and management oversee the risk management framework and functions[132]. - The audit committee ensures coordination between external and internal auditors and discusses any issues or concerns arising from the audit findings[134]. Employee and Shareholder Relations - The company provided internal and external training courses to employees to enhance performance and personal development[194]. - Shareholders have the right to attend and participate in annual general meetings, with provisions for proxy voting[145]. - The company encourages shareholder participation in meetings to maintain accountability and transparency[151]. - The company ensures equal treatment of all shareholders and timely communication of significant developments[143]. Strategic Partnerships - The company actively seeks strategic partnerships to enhance its development model and adapt to market changes[16]. - A strategic cooperation agreement was signed with Pangu Tiandi to enter the Fujian real estate market, utilizing data industry integration for project expansion[21]. - The company has signed a strategic cooperation agreement with Pangu Tiandi to jointly develop 85,000 square meters of industrial land in Fujian[53].