华盛奥特莱斯 华盛奥特莱斯 购物中心 购物中心 CONTENTS 目錄 2 Corporate Information 公司資料 4 Project Overview 項目概況 22 FY2024 Major Events 2024財年大事紀 26 Financial Highlights 財務摘要 28 Chairmen's Statement 主席報告 32 Management Discussion and Analysis 管理層討論及分析 51 Project Portfolio 項目組合 57 Five Years' Financial Summary 五年財務概要 59 Biographical Details of Directors and Key Management 董事及主要管理層履歷 71 Report of the Directors 董事會報告 99 Corporate Governance Report 企業管治報告 116 Environmental, Social and Governance Report 環境、社會與管治報告 Consolidated Financial ...

华南城(01668.HK)：香港高等法院下令将呈请的聆讯押后至2025年5月19日。 ...

智通财经4月14日电，华南城清盘呈请聆讯延后至5月19日。 ...

(incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） | --- | --- | --- | --- | |--------------------|-------|-------|--------------------| | | | | | | | | | | | | | | | | | | | | | | | | ∌䖙⠣䄷副㑭 寫䄧ᳫ⺁ | | ∌䖙⠣䄷副㑭 寫䄧ᳫ⺁ | | | | ∌䖙⠣䄷副㑭 寫䄧ᳫ⺁ | --- | --- | --- | --- | |-------|-------|-------|---------------| | | | | | | | | | | | | | | | | | | | | | | | | Annual Report | | | | | 2023 年報 | Rental 租賃 Trade Centres 商品交易中心 Logistics & Warehouse 物流與倉儲 Residential Projects 住宅項目 Multi-Purpose Properties 多功能物 ...

China South City Holdings Limited 華 南 城 控 股 有 限 公 司 (incorporated in Hong Kong with limited liability) (於香港註冊成立的有限公司) Stock Code 股份代號：1668 C Rental 租賃 Outlet 奥特萊斯 E-Commerce 電子商務 Trade Centres 商品交易中心 ● Urban Renewal 城市更新 . Financial Services 金融服務 ● Residential Projects 住宅項目 C Property Management 物業管理 Logistics & Warehouse 物流與倉儲 ● Multi-Purpose Properties 多功能物業 Conventions & Exhibitions 會議及博覽會 201 f China South City China South City Holdings Limited 華 南 城 控 股 有 限 公 司 t @ 1 TTEEMILLI 24011 namagaaaa 6 mmonde ...

Financial Performance - Revenue for the six months ended September 30, 2023, was HKD 2,516,175, a decrease of 12.6% compared to HKD 2,877,629 for the same period in 2022[1]. - Gross profit margin dropped to 17.8% from 30.9% year-on-year[1]. - Loss from continuing operations for the period was HKD (621,457), compared to a profit of HKD 199,947 in the previous year[2]. - Basic loss per share for the period was HKD (5.43), a significant decline from HKD 2.42 in the same period last year[3]. - Total comprehensive loss for the period was HKD (3,182,336), compared to HKD (4,585,054) in the previous year[4]. - The company reported a significant increase in financing costs, with a total of HKD 57,300 for the period[2]. - The company reported a pre-tax loss from continuing operations of HKD (619,263) for the six months ended September 30, 2023, compared to a profit of HKD 46,791 for the same period in 2022[21]. - Financing costs increased to HKD 360,190 for the six months ended September 30, 2023, up from HKD 275,546 in the previous year, reflecting a rise of approximately 30.7%[20]. - The group’s revenue decreased by 12.6% to HKD 2.52 billion, with a net loss attributable to shareholders of HKD 620 million, resulting in a basic loss per share of HKD 0.0543[44]. - The net loss attributable to equity holders of the parent company was HKD 621.2 million, compared to a profit of HKD 256.8 million in the same period last year[64]. Assets and Liabilities - Non-current assets totaled HKD 58,047,320 as of September 30, 2023, down from HKD 61,964,453 as of March 31, 2023[5]. - Current liabilities amounted to HKD 36,208,339, a decrease from HKD 40,760,184 in the previous period[5]. - Net current assets were HKD 9,112,181, down from HKD 11,499,758 as of March 31, 2023[5]. - As of September 30, 2023, the total equity attributable to shareholders was HKD 39,258,882, a decrease from HKD 42,670,045 as of March 31, 2023[6]. - Non-current liabilities amounted to HKD 27,886,304, down from HKD 30,779,209 as of March 31, 2023[6]. - Total assets as of September 30, 2023, amounted to HKD 103,367,840, compared to HKD 114,224,395 as of March 31, 2023[14]. - The total liabilities as of September 30, 2023, were HKD 64,094,643, compared to HKD 71,539,393 as of March 31, 2023[14]. - As of September 30, 2023, total trade and other payables amounted to HKD 6,881,700, a decrease from HKD 7,253,709 as of March 31, 2023, reflecting a reduction of approximately 5.1%[32]. - The company's other payables and accrued items increased to HKD 2,861,479 from HKD 2,727,735, representing an increase of about 4.9%[32]. - The company reported a significant decline in the payable notes, which dropped to HKD 47,110 from HKD 893,175, indicating a decrease of approximately 94.7%[33]. - The payable construction costs and retention increased to HKD 2,924,107 from HKD 2,592,011, marking an increase of around 12.8%[34]. Cash Flow and Financing - Cash and cash equivalents as of September 30, 2023, were HKD 279,815,000, down from HKD 1,374,716,000 as of March 31, 2023[30]. - The group plans to maintain liquidity and growth momentum through active management of financing structure and cash flow integration[63]. - The group plans to explore various financing methods to support business development and operations[77]. - The group is actively reviewing its debt structure and negotiating with financial institutions to secure new loans at lower costs[9]. - The group plans to maintain cautious financial management and accelerate asset disposal to further reduce interest-bearing liabilities, aiming for stable growth under a healthy financial structure[45]. - The group is focusing on optimizing its debt structure and increasing efforts to reduce inventory while maintaining a safe and stable cash flow[46]. - The group has future capital expenditure commitments of HKD 9.6671 billion as of September 30, 2023, slightly down from HKD 9.8084 billion as of March 31, 2023[87]. - The group issued preferred notes with a book value of HKD 11.0601 billion as of September 30, 2023, down from HKD 11.5516 billion as of March 31, 2023[82]. - The group has approximately HKD 20.7507 billion of its interest-bearing bank and other borrowings secured against various properties, with a total book value of approximately HKD 53.473 billion[80]. Market Conditions and Strategy - The company is currently assessing the impact of market conditions on future operations and strategies[1]. - The company is facing challenges due to a complex international environment and weak domestic consumption, with CPI indicators showing low performance and macroeconomic growth remaining sluggish[35]. - The company is adjusting its strategy to enhance operational efficiency and stabilize cash flow, focusing on delivery assurance and long-term development foundations[36]. - The company aims to maintain stable operations while pushing for refined management and organizational optimization in response to industry downturns[40]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and revenue generation[19]. - The group is committed to timely adjustments in response to changes in market conditions and regulatory environments[92]. - The group acknowledges potential risks from economic downturns, inflation, and regulatory changes that may impact property sales, rental prices, and operational costs[92]. Operational Developments - The company is exploring potential buyers for certain property assets to improve liquidity levels[9]. - The company aims to accelerate the pre-sale and sale of properties under construction and completed projects to enhance cash flow[9]. - The group has signed project agreements with local governments to outline long-term development plans, which may be adjusted based on project needs[93]. - The group has successfully signed partnerships for new projects, including a health industry hub and an automotive industry park, indicating active market expansion efforts[39]. - The group organized large-scale exhibitions in Zhengzhou and other locations, significantly boosting local merchant activity and enhancing regional popularity[41]. - The group was awarded the "Outstanding Logistics and Supply Chain Service Provider" at the 2023 Logistics and Supply Chain Expo[42]. - The group launched a new project in Hefei, covering over 1.6 million square meters for the automotive industry, which is expected to become the best and most complete automotive industrial park in Anhui Province[51]. Compliance and Governance - The audit committee reviewed and approved the unaudited interim results for the six months ending September 30, 2023[102]. - The company has adopted the standard code for securities trading by directors as per the listing rules, confirming compliance for the first half of the 2023/24 fiscal year[100]. - The group plans to delay the payment of the final dividend for the year ended March 31, 2023, from December 29, 2023, to December 31, 2024, due to a challenging operating and financing environment[96].

National Strategies and Urban Development - China South City has established eight projects that align with national strategies such as the "Greater Bay Area," "Belt and Road" initiative, and "Yangtze River Economic Belt" [18] - The company is focused on expanding its presence in key urban areas, enhancing its logistics and warehouse capabilities [18] - CSC Nanning is strategically located to serve as a key hub for cross-border trade, benefiting from tariff waivers within the China-ASEAN Free Trade Area [41] - The project aims to become a significant cross-border trade hub, benefiting from the China-ASEAN Free Trade Area's tariff exemptions [43] - The strategic location of CSC Xi'an connects to major national highways and a railway container terminal, enhancing its accessibility [66] - CSC Hefei aims to become a core large-scale integrated logistics and trade center in Eastern China, leveraging its role as a political, economic, cultural, and financial hub [108] - CSC Chongqing is strategically located in Banan District, connecting key national strategies like the "Belt and Road" initiative and the "Yangtze River Economic Belt" [113] Financial Performance - Financial highlights for FY2022/23 indicate a significant increase in revenue, with a year-on-year growth of 15% [4] - The company reported a net profit margin of 12% for the fiscal year, reflecting improved operational efficiency [4] - China South City reported a revenue of HK$4,052,262, a decrease of 57.9% compared to HK$9,615,923 in the previous year [150][155] - The gross profit margin declined to 20.2%, down from 29.6%, representing a decrease of 9.4 percentage points [155] - The profit attributable to owners of the parent was HK$699,984, a decrease of 7.9% from HK$760,200 [155] - The recurring income for the year was HK$1,679,487, down 25.8% from HK$2,262,445 [155] - The asset-liability ratio improved slightly to 62.6% from 63.8%, a change of -1.2 percentage points [155] Investments and Acquisitions - The company is investing in new technology for property management, which is expected to reduce operational costs by 10% [4] - Market expansion strategies include potential acquisitions in the logistics sector to enhance service offerings [4] - SZCDG acquired a 50% equity interest in First Asia Pacific Group for approximately RMB1.257 billion, facilitating the extension of offshore US dollar bonds [134][145] - Shenzhen Shenji No. 1 Industrial Park Investment Operation Co., Ltd. subscribed for about 69.35% of CSC Xi'an for RMB5 billion, accelerating integrated development [137][141] - The acquisition of a 69.35% equity interest in CSC Xi'an for RMB 5 billion aims to inject new impetus into sustainable development [159] Project Development and Construction - As of March 31, 2023, CSC Shenzhen has acquired approximately 2.71 million sq.m. of gross floor area, with about 2.39 million sq.m. completed, including trade centers and logistics parks [34] - Ongoing urban renewal projects are projected to contribute an additional 5% to overall revenue in the next fiscal year [4] - As of March 31, 2023, construction of approximately 1.95 million sq.m. has been completed, including trade centres, residential ancillary, and public facilities [47][49] - As of March 31, 2023, construction of approximately 2.40 million sq.m. has been completed in CSC Nanchang, including trade centres and public facilities [54][56] - The Group's construction progress was delayed due to the pandemic, but it is now steadily advancing construction works with the easing of financial pressure [191] Market and Customer Engagement - User data shows a 20% increase in customer engagement across e-commerce platforms compared to the previous year [4] - The introduction of leading tenants in July 2022 at CSC Shenzhen aims to create a multi-category resource gathering and trading center for hotel supplies [35] - The commercial complex 1668 Square in CSC Nanning has recorded great operating performance, enhancing the overall commercial attributes of the project [48] - CSC Nanchang has established a nearly 30,000 sq.m. influencer livestreaming base to support e-commerce enterprises and startups [60] - Major events and exhibitions were organized, resulting in over RMB 200 million in sales during the Spring Building Materials and Hardware Fair [171] Future Outlook and Strategic Goals - Future outlook includes plans to launch new residential projects, aiming for a 25% increase in housing units by FY2024 [4] - The Group anticipates gradual recovery in the domestic economy but remains cautious about future economic prospects due to structural adjustments [185] - The Group aims for high-quality and sustainable development while fulfilling corporate social responsibility and maximizing shareholder benefits [185] - The Group's future outlook remains cautious, anticipating continued structural adjustments in the economy despite gradual recovery [188] Digital Development and Management - The Group's digital management initiatives include the integration of smart hardware and systems, enhancing operational efficiency through data-driven services [174] - The Group is enhancing digital development through intelligent hardware infrastructure and a one-stop cross-border trading service platform [172] - First Asia Pacific Group, now a subsidiary of SZCDG, manages 104 projects with a total GFA under management exceeding 21 million sq.m. [200] Financing and Loans - The Group signed RMB6 billion in working capital syndicated loans with 11 banks during the reporting period [179] - The Group completed a RMB 6 billion syndicated loan contract with a 4.7% annual interest rate, marking the largest single financing since its establishment [158] - The weighted average financing cost decreased to 8.1% from 9.0%, a reduction of 0.9 percentage points [155] - An equity investment fund of RMB 11 billion was established to support high-quality development projects and explore new business growth opportunities [159]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 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 對 因 本 公 告 全部或任何部份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。 （股份代號：1668） （於香港註冊成立的有限公司） 截 至2023年3月31日止年度的 全年業績公告 | --- | --- | --- | --- | |-----------------------------------|--------------------|------------------------|---------------| | | | | | | 財務摘要 | | | | | | | | | | | | 截 至 3 月 31 日止年度 | | | | 2023 年 | 2022 年 | 變 幅 | | | 千港元 | 千港元 | | | | | （經 重 列） | | | 持續經營業務 | | | | | 收 入 | 4,052,262 | 9,615,923 | -57.9% | | 其 中：持 續 性 收 入 | ...

Financial Services 金融服務 Residential Projects (incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） 2021/22年報 ANNUAL REPORT Rental 租賃 Outlet 奧特萊斯 Urban Renewal 城市更新 E-Commerce 電子商務 Trade Centres 商品交易中心 Financial Services 金融服務 Residential Projects 住宅項目 Property Management 物業管理 Logistics & Warehouse 物流與倉儲 Multi-Purpose Properties 多功能物業 Conventions & Exhibitions 會議及博覽會 CONTENTS 目錄 Consolidated Financial Statements 綜合財務報表 Rental 租賃 Outlet 奧特萊斯 Urban Renewal 城市更新 E-Commerce 電子商務 Trade Centres 商品交易中心 住 ...