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].