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，並表明概不就本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Fantasia Holdings Group Co., Limited 花 樣 年 控 股 集 團 有 限 公司 （於開曼群島註冊成立之有限公司） 1777 （股份代號： ） (1) 2023 6 30 截至 年 月 日止六個月 未經審核中期業績公告； (2)2022 年年度業績之澄清； 及 (3) 2023 9 8 將於 年 月 日舉行之股東特別大會適用之 代表委任表格之澄清 財務摘要 – 40.20 13.3% 本集團收入約為人民幣 億元，較去年同期增長約 。 – 27.08 ...

Financial Performance - In 2022, the company recorded revenue of approximately RMB 9.754 billion, a decrease of 38.07% compared to the previous year[17]. - The net loss for the year was approximately RMB 5.980 billion, a reduction of 44.83% from the previous year[17]. - The company’s basic earnings per share for 2022 were a loss of RMB 1.0517, compared to a loss of RMB 18.130 in 2021[8]. - The company's total revenue for the year ended December 31, 2022, was approximately RMB 9.754 billion, a decrease of 38.1% from RMB 15.750 billion in 2021[50]. - Property development revenue for 2022 was approximately RMB 7.362 billion, down 34.6% from RMB 11.260 billion in 2021, primarily due to a decrease in the area of completed properties delivered[51]. - Gross profit decreased by 26.1% to approximately RMB 1.727 billion in 2022, with a gross margin of 17.7%, up from 14.8% in 2021, attributed to lower land costs for delivered properties[58]. - The group recorded a net loss attributable to owners of approximately RMB 6.071 billion in 2022, down from a loss of RMB 10.466 billion in 2021, reflecting a significant improvement[65]. - Other net losses amounted to approximately RMB 2.744 billion in 2022, compared to a net gain of RMB 739 million in 2021, primarily due to foreign exchange losses from USD-denominated senior notes[59]. Assets and Liabilities - The total assets as of 2022 amounted to RMB 95.031 billion, down from RMB 105.109 billion in 2021[8]. - The total liabilities were RMB 90.455 billion in 2022, compared to RMB 94.456 billion in 2021[8]. - Cash and cash equivalents totaled approximately RMB 2.684 billion as of December 31, 2022, a decrease of 48.4% from RMB 5.206 billion in 2021, due to tightening liquidity in the Chinese real estate sector[66]. - The net debt-to-equity ratio increased to 1,228.9% as of December 31, 2022, up 735.7 percentage points from 493.2% in 2021, primarily due to losses leading to a significant reduction in total equity[67]. - The group had total borrowings, senior notes, and bonds of approximately RMB 39.958 billion as of December 31, 2022, compared to RMB 33.007 billion in 2021[68]. Sales and Market Performance - The company achieved a total contract sales amount of approximately RMB 2.875 billion in 2022, with a total sales area of 350,932 square meters[31]. - Residential contract sales accounted for approximately RMB 2.617 billion, representing 91.0% of the total contract sales amount, with a sales area of 329,309 square meters, which is 93.8% of the total area[32]. - The company reported contract sales in the Guangdong-Hong Kong-Macao Greater Bay Area amounting to RMB 319 million, accounting for 11.1% of total sales[37]. - The Chengdu-Chongqing Economic Circle contributed RMB 994 million, representing 34.5% of total contract sales[36]. - The company is navigating a challenging economic environment marked by rising interest rates and market uncertainties[18]. Cost Management and Expenses - Sales and distribution expenses decreased by 53.0% to approximately RMB 219 million in 2022 from RMB 466 million in 2021, mainly due to reduced advertising costs for pre-sale property projects[60]. - Administrative expenses fell by 47.8% to approximately RMB 921 million in 2022 from RMB 1.764 billion in 2021, primarily due to a reduction in employee costs[61]. - Financing costs decreased by 21.9% to approximately RMB 2.241 billion in 2022 from RMB 2.870 billion in 2021, attributed to a reduction in interest-bearing liabilities[62]. Corporate Governance and Management - The company has a diverse board with members holding significant experience in investment banking and real estate sectors, enhancing its strategic decision-making capabilities[86]. - The independent non-executive directors bring over 13 years of investment banking experience, contributing to the company's governance and oversight[86]. - The company is committed to maintaining high standards of corporate governance through its independent board members and committees[86]. - The board of directors is responsible for leading and controlling the company, ensuring timely access to all relevant information related to the group's business and affairs[171]. - The audit committee is responsible for reviewing and supervising the company's financial reporting and internal control functions[183]. Future Plans and Strategies - The company is committed to exploring new business markets such as urban renewal and commercial management to capture opportunities in the evolving market[27]. - The company aims to maintain resilience and diversify its development capabilities to navigate future challenges and opportunities in the real estate sector[28]. - The company plans to actively respond to government policies aimed at stabilizing the real estate market, including urban village renovations and old community upgrades[27]. - The company has been committed to enhancing sustainable development strategies, with details available in the separately published ESG report[100]. Shareholder Information - The board did not recommend the payment of a final dividend for the year ended December 31, 2022[75]. - The company has adopted a dividend policy intending to declare dividends annually to shareholders, considering distributable profits, financial condition, liquidity, investment needs, and future development[155]. - As of December 31, 2022, the company had issued a total of 5,772,597,864 shares[111]. - Ms. Zeng Baobao holds 3,314,090,500 shares, representing 57.41% of the company's equity[110]. Compliance and Legal Matters - The company has adhered to compliance procedures to ensure compliance with applicable laws and regulations impacting its operations[159]. - Legal advisors confirmed that the contractual arrangements do not violate any applicable Chinese laws and regulations[139]. - The company has confirmed no related party transactions that constitute disclosable transactions under the listing rules, aside from those disclosed in the financial statements[151].

Sales Performance - The company achieved a contract sales amount of approximately RMB 1.72 billion and a sales area of 204,628 square meters for the first half of 2022[7]. - Residential properties accounted for 90.8% of the total contract sales amount, totaling RMB 1.56 billion, and 94.4% of the sales area, totaling 193,207 square meters[9]. - The Chengdu-Chongqing Economic Circle contributed RMB 579 million in contract sales, representing 33.7% of the total sales amount, with a sales area of 90,153 square meters, accounting for 44.1% of the total area[13]. - The Yangtze River Delta Economic Circle generated RMB 740 million in contract sales, making up 43.0% of the total sales amount, with a sales area of 42,679 square meters, which is 20.9% of the total area[15]. - The company completed 7 projects during the reporting period, with a total construction area of approximately 789,037 square meters[18]. - In the Beijing-Tianjin-Hebei Economic Circle, the company achieved contract sales of RMB 208 million, which is 12.1% of the total sales amount, with a sales area of 41,170 square meters, accounting for 20.1% of the total area[17]. - The company actively promoted project delivery and sales in the Guangdong-Hong Kong-Macao Greater Bay Area, achieving contract sales of RMB 74 million, which is 4.3% of the total sales amount[12]. - The company is focusing on strategic expansion in key cities within various economic circles, including the Greater Bay Area and the Chengdu-Chongqing Economic Circle[8]. - The company continues to explore new product development and market expansion opportunities in high-potential regions[12]. Financial Performance - The company's revenue for the six months ended June 30, 2022, was approximately RMB 3,548 million, a decrease of 67.6% compared to RMB 10,952 million for the same period in 2021[29]. - The company reported a loss attributable to shareholders of approximately RMB 3,343 million for the six months ended June 30, 2022, compared to a profit of RMB 153 million for the same period in 2021[29]. - Property development revenue for the six months ended June 30, 2022, was approximately RMB 2,446 million, a decrease of 70.7% from RMB 8,354 million in the same period of 2021[32]. - Revenue from property investment for the six months ended June 30, 2022, was approximately RMB 97 million, down 34.3% from RMB 148 million in the same period of 2021[34]. - Revenue from property management services decreased by 56.4% to approximately RMB 972 million for the six months ended June 30, 2022, compared to RMB 2,229 million in the same period of 2021[35]. - Revenue from hotel operations and related services was approximately RMB 24 million for the six months ended June 30, 2022, a decrease of 41.5% from RMB 40 million in the same period of 2021[36]. - The company's gross profit for the six months ended June 30, 2022, was approximately RMB 572 million, a decline of 74.9% from RMB 2,277 million in the same period of 2021[37]. - The gross profit margin for the six months ended June 30, 2022, was approximately 16.1%, down from 20.8% in the same period of 2021[37]. - The group recorded a net loss of approximately RMB 3,343 million attributable to owners for the six months ended June 30, 2022, compared to a profit of approximately RMB 153 million for the same period in 2021, reflecting a significant decline in performance[44]. - Other net losses amounted to approximately RMB 1,412 million for the six months ended June 30, 2022, compared to other net income of approximately RMB 545 million in the same period of 2021, primarily due to net exchange losses from USD-denominated notes and borrowings[38]. Cash Flow and Liquidity - As of June 30, 2022, the group's cash and bank balances totaled approximately RMB 3,313 million, a decrease of 36.4% from RMB 5,206 million as of December 31, 2021, attributed to a tightening liquidity environment in the Chinese real estate sector[45]. - The net debt ratio increased to 745.2% as of June 30, 2022, up 252.0 percentage points from 493.2% as of December 31, 2021, primarily due to losses incurred since 2021 leading to a significant reduction in total equity[46]. - The company reported a net cash outflow from operating activities of RMB 454,157,000 for the six months ended June 30, 2022, compared to RMB 4,299,698,000 for the same period in 2021, indicating a significant improvement[91]. - The net cash inflow from investing activities was RMB 4,494,521,000 for the six months ended June 30, 2022, compared to RMB 2,335,199,000 in the previous year, reflecting a positive trend in investment returns[91]. - The cash and cash equivalents decreased to RMB 806,715,000 as of June 30, 2022, down from RMB 27,177,862,000 at the beginning of the year, indicating a liquidity challenge[92]. - The company is actively seeking new financing sources and accelerating asset sales to address upcoming financial responsibilities and future cash flow needs[96]. - The company plans to expedite the pre-sale and sale of properties to improve cash flow and recover outstanding sales proceeds and receivables[96]. - The company has appointed a financial advisor for offshore debt restructuring and is in constructive discussions with lenders regarding loan extensions[96]. - The company aims to control administrative costs and avoid unnecessary capital expenditures to maintain liquidity[96]. Corporate Governance - The company has complied with all corporate governance code provisions as of June 30, 2022[71]. - The audit committee consists of three independent non-executive directors, ensuring oversight of accounting policies and financial reporting[72]. - The company has maintained high standards of corporate governance to ensure management integrity and protect shareholder interests[70]. - The company has established a Compensation Committee in compliance with listing rules, consisting of one executive director and three independent non-executive directors[73]. - The Nomination Committee is responsible for reviewing the board structure and recommending suitable candidates, comprising two executive directors and three independent non-executive directors[76]. - The company confirmed that all directors complied with the standard code of conduct for securities transactions during the six months ended June 30, 2022[77]. - The company has established a formal procedure for setting remuneration policies to ensure transparency[73]. Shareholder Information - As of June 30, 2022, Fantasy Pearl holds 3,314,090,500 shares, representing 57.41% of the company's equity[67]. - As of June 30, 2022, TCL Industrial Holdings Limited owns 1,012,740,000 shares, accounting for 17.54% of the company's equity[68]. - As of June 30, 2022, Ms. Zeng Baobao holds 1,013,643,318 shares in Color Life Services Group, which is 68.14% of the equity[62]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2022[53]. Asset and Liability Management - The company's total assets as of June 30, 2022, were RMB 99,035,884 thousand, a decrease from RMB 105,109,472 thousand as of December 31, 2021[87]. - Current liabilities increased to RMB 86,005,432 thousand from RMB 82,652,480 thousand year-on-year[87]. - The company's net asset value decreased to RMB 7,118,883 thousand as of June 30, 2022, down from RMB 10,653,461 thousand at the end of 2021[87]. - The company’s total liabilities, including current and non-current, were reported at RMB 36,177,242,000 as of June 30, 2022, reflecting a substantial increase in financial obligations[139]. - The company’s total outstanding preferred notes and bonds increased to RMB 36,177,242,000 as of June 30, 2022, from RMB 33,007,450,000 as of December 31, 2021, reflecting an increase of approximately 6.6%[139]. - The company’s expected credit losses on receivables were assessed as not significant, indicating a positive outlook on credit risk management[131]. Impairment and Losses - The company reported a significant impairment loss of RMB 1,432,427 thousand in other gains and losses for the six months ended June 30, 2022[84]. - The group recognized an impairment loss of RMB 248,557,000 on properties held for sale due to adverse market conditions[112]. - The company reported a significant increase in impairment losses for receivables, totaling RMB 98,083,000 for the six months ended June 30, 2022, compared to RMB 16,959,000 in the same period of 2021, reflecting a year-over-year increase of approximately 478%[131]. Market Conditions and Future Outlook - The company continues to focus on property management and development as key areas for future growth despite the current financial challenges[102]. - The company applied new Hong Kong Financial Reporting Standards effective from January 1, 2022, which did not have a significant impact on the financial position and performance for the current and prior periods[98]. - The total revenue for the six months ended June 30, 2022, was significantly impacted by a decrease in property sales compared to the previous year[101].

Financial Performance - Total assets for 2021 amounted to RMB 105,109,472 thousand, a slight decrease from RMB 105,550,206 thousand in 2020[8]. - Revenue for 2021 was RMB 15,750,413 thousand, down from RMB 21,758,844 thousand in 2020, representing a decline of approximately 27.6%[8]. - The company reported a loss attributable to shareholders of RMB (10,465,578) thousand in 2021, compared to a profit of RMB 977,420 thousand in 2020[8]. - Gross profit for 2021 was RMB 2,337,152 thousand, significantly lower than RMB 5,344,169 thousand in 2020, indicating a decline of about 56.3%[8]. - Basic earnings per share for 2021 were RMB (181.30), a decrease from RMB 16.94 in 2020[8]. - Total liabilities increased to RMB 94,456,011 thousand in 2021 from RMB 81,226,564 thousand in 2020, marking an increase of approximately 16.5%[8]. - The group recorded a net other income of approximately RMB 739 million in 2021, down from RMB 2.70 billion in 2020, primarily due to foreign exchange gains and buyback/redemption gains[73]. - Impairment losses under the expected credit loss model increased to approximately RMB 1.24 billion in 2021 from RMB 99 million in 2020, mainly due to increased impairment losses on receivables[74]. - The group recognized a provision for impairment losses on properties held for sale amounting to RMB 6.216 billion in 2021, due to a sudden decline in the property market and buyer sentiment in the second half of the year[75]. - Cash and cash equivalents decreased by 81.8% to approximately RMB 5.206 billion as of December 31, 2021, from RMB 28.631 billion as of December 31, 2020, due to tightened liquidity in the Chinese real estate sector[83]. - The net debt ratio increased to 493.2% as of December 31, 2021, up 418.2 basis points from 75.0% as of December 31, 2020[84]. Market and Strategic Outlook - The company aims to expand its market presence and enhance product offerings in the coming years[12]. - Future guidance indicates a focus on strategic acquisitions to bolster growth and market share[12]. - The company aims to diversify its product offerings to meet changing consumer demands and enhance revenue opportunities[34]. - The company emphasizes the importance of risk control and maintaining a long-term perspective for successful investments[38]. - The company is undergoing a debt restructuring process to address liquidity issues and optimize its capital structure[37]. - The future real estate market is expected to require greater resilience and adaptability from companies[33]. - The company is investing $50 million in research and development for new technologies aimed at improving service delivery[104]. - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[160]. Operational Highlights - The company achieved a total contract sales amount of approximately RMB 46.594 billion, with a total sales area of 2,979,794 square meters in 2021[40]. - The company commenced 15 new projects during the reporting period, with a total planned construction area of approximately 1,672,904 square meters[50][58]. - As of December 31, 2021, the company had 39 ongoing projects with a total construction area of 6,264,596 square meters[52]. - The company had land reserves of approximately 12,749,702 square meters across ongoing and planned projects as of December 31, 2021[55]. - The company’s subsidiary, Color Life Services Group, focuses on property management and community services, enhancing the living experience for residents through internet technology[57]. Shareholder and Governance - The company expresses gratitude to shareholders, bondholders, and business partners for their trust and support[38]. - The board did not recommend the payment of a final dividend for the year ended December 31, 2021[99]. - The company has appointed independent non-executive directors with extensive experience in finance and corporate governance, enhancing its board composition[113]. - The company’s management team has significant experience in real estate development and financial management, contributing to its operational effectiveness[115][116][117][118]. - The company’s board of directors saw changes with Mr. Pan Jun indicating his intention to retire and not seek re-election[131]. Debt and Financing - The company is working on an offshore debt restructuring plan to alleviate liquidity pressure and enhance credit status, with a restructuring support agreement signed on January 13, 2023[200]. - The company has issued five corporate bonds in China, with a revised repayment arrangement for a total of approximately RMB 7 billion, extending the maturity to 2023-2028[200]. - The company completed a cash offer to purchase $141,209,000 of its 8.375% senior notes due in 2021, representing approximately 29.39% of the total outstanding amount[155]. - The company entered into a share transfer agreement for the sale of shares at a total consideration of RMB 3.3 billion, with an initial payment of RMB 2.3 billion already made[200]. Regulatory and Compliance - The company is subject to the Securities and Futures Ordinance, which affects the reporting of equity interests held by its directors and major executives[146]. - The company has received annual confirmations regarding the independence of all independent non-executive directors, affirming compliance with listing rules[166]. - The company confirmed that certain related party transactions did not constitute discloseable transactions under the listing rules[187]. Employee and Compensation - The total employee cost for the year ended December 31, 2021, was approximately RMB 2.644 billion, compared to RMB 2.503 billion in 2020[98]. - The company’s executive compensation for the year ended December 31, 2021, included 9 individuals earning up to HKD 1,000,000, 17 individuals earning between HKD 1,000,001 and HKD 2,000,000, and 8 individuals earning between HKD 2,000,001 and HKD 3,000,000[134]. - The company has a dividend policy that considers distributable profits, financial condition, liquidity, investment needs, and future development when declaring dividends[192].

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，並表明概不就本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Fantasia Holdings Group Co., Limited 花 樣 年 控 股 集 團 有 限 公司 （於開曼群島註冊成立之有限公司） 1777 （股份代號： ） (1)2022 年年度業績公告 (2) 達成復牌指引 (3) 恢復買賣 財務摘要 2022 12 31 截至 年 月 日止年度： – 97.54 59.81 本集團總收入約為人民幣 億元，錄得淨虧損約人民幣 億元。 – 60.71 本公司擁有人應佔虧損約為人民幣 億元。 ...

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，並表明概不就本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Fantasia Holdings Group Co., Limited 花 樣 年 控 股 集 團 有 限 公司 （於開曼群島註冊成立之有限公司） 1777 （股份代號： ） 2022 6 30 截至 年 月 日止六個月 未經審核中期業績公告 財務摘要 35.48 － 本集團期內收入約為人民幣 億元。 33.36 － 本集團期內淨虧損約為人民幣 億元。 33.43 － 本集團期內歸屬於本公司擁有人的淨虧損約為人民幣 億元。 2022 6 30 ...

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，並表明概不就本公告全部或任何部分內容 而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Fantasia Holdings Group Co., Limited 花 樣 年 控 股 集 團 有 限 公司 （於開曼群島註冊成立之有限公司） 1777 （股份代號： ） 2021 年年度業績公告 財務摘要 2021 12 31 截至 年 月 日止年度： – 2021 12 31 12,749,702 於 年 月 日，本集團在建及待建項目土地儲備建築面積為約 平方米。 – 2021 157.50 本集團 年的總收入約為人民幣 億元，本集團錄得淨虧損約人民幣 108.40 億元。 ...

Company Recognition and Awards - Fantasia Holdings Group was ranked among the top 50 real estate companies in China for 2021 by the China Index Academy[39]. - The company achieved a top 10 position in financing capability among China's top 100 real estate companies in 2021[39]. - Fantasia Holdings was recognized as a leading enterprise in product strength among listed real estate companies in China for 2021[39]. - The company received the award for being a quality real estate enterprise in China in 2021[39]. - Fantasia Holdings was awarded for its outstanding practices in urban renewal, recognized as one of the top ten practitioners[41]. - The company was listed in the top 20 for capital market performance among property service companies in China for 2021[48]. - Fantasia Holdings was acknowledged as a leading enterprise in property technology empowerment in 2021[48]. - The company ranked first in gross profit margin for community value-added services among Hong Kong-listed property companies in 2020[48]. - Fantasia Holdings was recognized as a top 10 service scale company in the property service sector in China for 2021[48]. - The company was awarded for its brand value among the top 100 property service enterprises in China[48]. Financial Performance - The company achieved a revenue of approximately RMB 10.952 billion for the first half of 2021, representing a year-on-year growth of 18.5%[61]. - Net profit for the period was approximately RMB 303 million, an increase of 9.5% year-on-year, while net profit attributable to the company's owners was about RMB 153 million, up 58.7% year-on-year[61]. - Contracted sales amounted to RMB 28.117 billion, reflecting a significant year-on-year increase of 60.6%, with a sold area of approximately 1,736,003 square meters, up 28.2% year-on-year[64]. - The group's revenue for the first half of 2021 reached approximately RMB 10,952 million, an increase of 18.5% compared to RMB 9,241 million in the same period of 2020[78]. - The profit attributable to the company's owners was approximately RMB 153 million, up 58.7% from RMB 96 million in the same period of 2020[78]. - Revenue from property development was approximately RMB 8,354 million, a 26.0% increase from RMB 6,631 million in the same period of 2020, mainly due to new projects recognized this year[83]. - Revenue from property investment was approximately RMB 148 million, a decrease of 24.8% from RMB 197 million in the same period of 2020, primarily due to a reduction in leased area[84]. - Revenue from property agency services surged to approximately RMB 40 million, a 432.4% increase from RMB 7 million in the same period of 2020, due to increased commission income[85]. - Revenue from property management services was approximately RMB 2,229 million, up 4.9% from RMB 2,124 million in the same period of 2020, attributed to an increase in managed area[86]. - Revenue from hotel operations and related services was approximately RMB 40 million, a 71.6% increase from RMB 24 million in the same period of 2020, as the tourism industry began to recover[87]. Strategic Focus and Operations - The company focused on "real estate + community" strategy, enhancing operational efficiency and precise investment to improve overall business performance[62]. - The company acquired six quality land parcels in key cities, laying a solid foundation for future sales growth[68]. - The company launched new product lines that integrate art and technology, enhancing core competitiveness and market appeal[65]. - The company aims to enhance operational efficiency and financial stability by focusing on five major city clusters with high potential for investment[74]. - The company plans to continue improving community services and customer satisfaction through solid foundational and value-added services[74]. - The company continues to expand its strategic presence in key urban areas, focusing on the Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu-Chongqing Economic Circle, Central China Urban Circle, Yangtze River Delta Urban Circle, and Bohai Rim Urban Circle[116]. Debt Management and Financial Strategy - The net gearing ratio was maintained at 74.8%, indicating a healthy level within the industry[68]. - The company implemented debt management measures, including bond repurchases and optimizing debt structure, to reduce short-term liabilities[68]. - The company plans to further optimize financial indicators and reduce financing costs by leveraging domestic and international capital markets[68]. - The company issued an additional $150 million 11.875% senior notes due in 2023 on February 10, 2021, to refinance certain debts[189]. - On February 19, 2021, the company completed a cash tender offer to purchase $141.2 million of its 8.375% senior notes due in 2021, representing approximately 29.39% of the total outstanding[189]. - The company plans to continue its strategy of refinancing existing debt to optimize its capital structure[189]. Construction and Project Development - A total of 14 new projects were initiated during the reporting period, with a combined planned construction area of approximately 1,562,028 square meters[127]. - The company completed a total of 9 projects during the reporting period, with a combined construction area of approximately 1,266,308 square meters[132]. - As of June 30, 2021, the company had 47 ongoing projects, totaling a construction area of 8,271,638 square meters[135]. - The total construction area of projects under construction and to be built as of June 30, 2021, is approximately 11,864,080 square meters[147]. - There are 18 projects or project phases in the to-be-built stage, with a total construction area of about 3,592,442 square meters[142]. Community Engagement and Services - As of June 30, 2021, the total contracted management area of Color Life reached 564.9 million square meters, serving 2,817 communities across 279 cities in China[151]. - During the Spring Festival 2021, Color Life organized community cloud gatherings in 419 projects, with participation reaching 310,000 people[151]. - Over 1,000 communities and more than 2 million homeowners participated in the two-month-long Eastern Neighbor Festival starting in May 2021[151]. - The frontline property management staff worked tirelessly during the COVID-19 pandemic and summer floods, receiving recognition from various government levels and homeowners for their efforts[153]. - Color Life aims to enhance service quality through key strategies such as "new," "fast," "accurate," and "stable," addressing customer concerns regarding project exteriors, fire safety, and elevators[151]. - The company focuses on building a "warm community" by organizing various community activities to enrich cultural engagement and improve homeowner satisfaction[151]. Corporate Governance - The company emphasizes high standards of corporate governance to ensure management integrity and protect shareholder interests[173]. - The board consists of nine directors, including five executive directors, one non-executive director, and three independent non-executive directors[174]. - The company has established an audit committee composed of three independent non-executive directors to review accounting policies and internal controls[175]. - The remuneration committee is responsible for advising on the remuneration policies for all directors and senior management[176]. - The nomination committee reviews the board structure and recommends suitable candidates for board appointments[179]. - The company confirmed that all directors complied with the standard code of conduct for securities transactions during the reporting period[180].

Financial Performance - Revenue for 2020 reached RMB 21,758.84 million, representing a year-on-year increase of 14.0% compared to 2019[10] - Net profit for 2020 was RMB 1,502 million, showing a year-on-year growth of 16.6% from 2019[14] - Total assets as of 2020 amounted to RMB 105,550.21 million, an increase from RMB 95,599.96 million in 2019[16] - The company's gross profit for 2020 was RMB 5,344.17 million, slightly up from RMB 5,337.36 million in 2019[16] - Basic earnings per share for 2020 were RMB 16.94, compared to RMB 15.15 in 2019[16] - Total liabilities at the end of 2020 were RMB 81,226.56 million, an increase from RMB 75,007.97 million in 2019[16] - The company achieved a revenue of approximately RMB 21.759 billion in 2020, representing a year-on-year growth of 14.0%[35] - The net profit for the year was approximately RMB 1.751 billion, reflecting a year-on-year increase of 16.6%[35] - Revenue from property development amounted to approximately RMB 16.444 billion, representing a 24.3% increase from RMB 13.226 billion in 2019[54] - The profit attributable to the company's owners for the same period was approximately RMB 977 million, up 11.9% from RMB 874 million in 2019[53] - Cash and cash equivalents as of December 31, 2020, totaled approximately RMB 28.63 billion, a 24.2% increase from RMB 23.04 billion in 2019[71] - The financing costs rose by 58.5% to approximately RMB 2.90 billion in 2020, compared to RMB 1.83 billion in 2019[68] - The net debt ratio as of December 31, 2020, was 75.0%, maintaining a healthy level within the industry[43] - The company's net profit attributable to owners increased by 11.9% to approximately RMB 977 million in 2020, up from RMB 874 million in 2019[70] Market Position and Strategy - The company was ranked 50th among China's top 100 real estate enterprises in 2020[21] - The company aims to expand its market presence and enhance its service offerings in the Greater Bay Area[24] - Future outlook includes continued focus on urban renewal projects and innovative real estate solutions[24] - The company plans to focus on the "5+N" city investment strategy, targeting key urban areas including the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta[38] - The company is focusing on five major city clusters with high potential for precise investment and aims to acquire fast turnover land parcels through bidding[49] - The company’s strategic focus includes expanding in key cities within the Guangdong-Hong Kong-Macao Greater Bay Area and other urban clusters[83] Awards and Recognition - The company received multiple awards in 2020, including recognition for operational efficiency and brand value in the real estate sector[24] - The company was awarded the "Leading Brand in Urban Renewal" by the China Index Academy, highlighting its commitment to urban renewal projects[38] Sales and Contracted Projects - The total contracted sales amounted to approximately RMB 49.207 billion, with a sales area of 3,347,260 square meters, marking year-on-year growth of 35.9% and 4.3% respectively[39] - As of December 31, 2020, the total contract sales amount reached approximately RMB 49.207 billion, with a total sales area of 3,347,260 square meters[83] - Residential contract sales contributed approximately RMB 41.886 billion, accounting for 85.1% of total sales, with a sales area of 2,946,243 square meters, representing 88.0% of total area[83] - The company achieved contract sales of RMB 66.46 billion and a sales area of 407,620 square meters in the Central China Urban Circle, accounting for approximately 13.5% and 12.2% of the company's total real estate contract sales in 2020, respectively[88] - In the Yangtze River Delta Urban Circle, the company realized contract sales of RMB 163.60 billion and a sales area of 706,295 square meters, which accounted for about 33.2% and 21.1% of the company's total real estate contract sales in 2020, respectively[93] Project Development - The company acquired 20 quality land parcels in cities such as Nanjing, Hangzhou, and Beijing, adding a total construction area of 3.35 million square meters[38] - A total of 28 projects or project phases commenced development during the reporting period, with a total planned construction area of approximately 3,896,444 square meters[92] - The company completed a total of 18 projects during the reporting period, with a combined construction area of approximately 2,964,563 square meters[101] - As of December 31, 2020, the company had 45 ongoing projects with a total construction area of 8,001,071 square meters[103] - The ongoing project in Shenzhen, "Shenzhen Jia Tian Xia," has a construction area of 116,682 square meters and is expected to be completed in 2022[104] Community Services and Innovations - The community service segment has seen stable growth, with collaborations with major tech companies like JD.com and 360 to explore value-added services[46] - The company emphasizes a dual strategy of "real estate development" and "community services" to strengthen its core competitiveness[49] - The value-added services business of the company has shown steady growth, collaborating with major tech giants like JD.com and 360 to explore new services, including a community epidemic management platform and unmanned vehicle services during the pandemic[121] - The company successfully managed to prevent large-scale outbreaks in its communities during the past year, receiving recognition and multiple awards for its performance in epidemic prevention and disaster response[121] Financial Management and Investments - The company successfully completed multiple offshore USD bond issuances, with financing costs showing a gradual decline[43] - The company has issued a total of 142,660,000 stock options, with 2,540,000 options exercised during the year[81] - The company issued $350 million of 9.25% senior notes due in 2023 for debt refinancing on July 29, 2020[173] - The company completed the issuance of RMB 2.5 billion domestic corporate bonds with a 7.5% annual interest rate on September 8, 2020[174] - The company repurchased approximately $450 million of 10.875% senior notes due in 2023, representing about 10% of the total outstanding principal[172] Shareholder Information - The company proposed a final dividend of RMB 0.0593 per share, equivalent to HKD 0.0705, to be paid on July 28, 2021[143] - The company’s major shareholder, Ms. Zeng Baobao, held 57.43% of the company's ordinary shares[150] - Major shareholders include Fantasy Pearl with a 57.43% stake and TCL Technology Group with a 17.55% stake as of December 31, 2020[185] Management and Governance - The company’s board of directors includes 5 executive directors and 4 independent non-executive directors[150] - The company has a total of 39 senior management members, with 9 earning between HKD 2,000,001 and HKD 3,000,000[148] - The company’s management structure includes a chairman and CEO, Mr. Pan Jun, and several other key executives[150]

Company Rankings and Awards - Fantasia Holdings Group ranked 71st in the 2020 Top 500 Real Estate Development Enterprises in China[8] - The company achieved 62nd place in the 2020 Comprehensive Strength Ranking of Listed Real Estate Companies in China[8] - Fantasia Holdings was recognized as 51st in the 2020 Top 100 Real Estate Enterprises in China[8] - The company received the 2020 Excellent 100 Real Estate Award, ranking 79th[8] - The company was recognized in multiple categories for its financing capabilities and stability in the real estate sector[8] Social Responsibility Initiatives - In the first half of 2020, the company donated over 60,000 RMB worth of essential supplies to schools and elderly care facilities[10] - The company provided 6,300 medical masks and 800 bottles of hand sanitizer to support local schools during the pandemic[9] - A total of 42,000 RMB was allocated as annual scholarships for 21 impoverished students from Fantasia Hope Primary School[10] - The company completed the installation of an examination system at Fenghuangshan School in Huizhou, which was donated in May 2020[9] - Fantasia Holdings actively engaged in social responsibility projects focusing on education, arts, and elderly care[9] - The group received 127 recognitions from municipal and district government departments and 603 from streets and communities for its pandemic response efforts[33] Financial Performance - The company achieved a revenue of approximately RMB 9.241 billion for the first half of 2020, representing a year-on-year growth of 7.7%[20] - Net profit for the same period was approximately RMB 277 million, an increase of 13.4% year-on-year; excluding foreign exchange losses, net profit was about RMB 558 million, up 97.6% year-on-year[20] - The company recorded a contract sales amount of RMB 17.506 billion, a year-on-year increase of 32.9%, with a sold building area of approximately 1,354,430 square meters, up 21.1% year-on-year[20] - The group's revenue for the first half of 2020 reached approximately RMB 9,241 million, an increase of 7.7% compared to RMB 8,577 million in the same period of 2019[42] - The profit attributable to the company's owners for the first half of 2020 was approximately RMB 96 million, a decrease of 5.7% from RMB 102 million in the same period of 2019[42] - Revenue from property development for the first half of 2020 was approximately RMB 6,631 million, a 15.7% increase from RMB 5,731 million in the same period of 2019[46] - Revenue from property investment for the first half of 2020 was approximately RMB 197 million, a decrease of 3.1% from RMB 204 million in the same period of 2019[47] - Revenue from property agency services for the first half of 2020 was approximately RMB 7 million, a decline of 51.1% from RMB 15 million in the same period of 2019[48] - Revenue from property management services for the first half of 2020 was approximately RMB 2,124 million, a slight decrease of 0.8% from RMB 2,142 million in the same period of 2019[49] - Gross profit for the six months ended June 30, 2020, was approximately RMB 3,109 million, an increase of 22.5% from RMB 2,537 million in the same period of 2019, with a gross profit margin of 33.6% compared to 29.6% in 2019[53] - Other net losses amounted to RMB 246 million for the six months ended June 30, 2020, compared to other net income of RMB 100 million in the same period of 2019, primarily due to foreign exchange losses of RMB 281 million[54] - Administrative expenses increased by 8.2% to approximately RMB 697 million for the six months ended June 30, 2020, compared to RMB 644 million in the same period of 2019[56] - Financing costs rose by 14.4% to approximately RMB 927 million for the six months ended June 30, 2020, compared to RMB 811 million in the same period of 2019, mainly due to an increase in average interest-bearing debt[57] - Income tax expenses increased by 12.2% to approximately RMB 1,141 million for the six months ended June 30, 2020, compared to RMB 1,018 million in the same period of 2019, driven by higher gross profit margins from property sales[61] Debt and Financing - The company's net gearing ratio was 78.3% as of June 30, 2020, maintaining a healthy level within the industry[31] - The company successfully issued multiple offshore USD bonds since January, with a recent issuance of USD 200 million 2-year bonds at a coupon rate of 7.95%, effectively reducing financing costs[31] - The total borrowings as of June 30, 2020, were approximately RMB 11,805 million, down from RMB 13,985 million as of December 31, 2019[65] - The net debt ratio as of June 30, 2020, was 78.3%, up from 73.5% as of December 31, 2019, indicating a slight increase in leverage[63] - The company aims to optimize its debt structure and expand financing channels to reduce financing costs[37] Project Development and Sales - The company acquired 11 quality land parcels in cities such as Nanjing, Hangzhou, and Chengdu, laying a solid foundation for future sales growth[28] - The company launched 14 new projects during the reporting period, with a total planned construction area of approximately 1,581,957 square meters[98] - The company completed a total of 6 projects during the reporting period, with a combined construction area of approximately 958,634 square meters[103] - As of June 30, 2020, the company had 39 ongoing projects with a total construction area of 7,805,647 square meters[104] - The ongoing project "Shenzhen Jiatiansha" has a total construction area of 262,940 square meters and is expected to be completed in 2023[105] - The project "Chengdu Jiangshan" has a 100% company interest and a total construction area of 464,638 square meters, expected to be completed in 2021[105] - The project "Nanjing Lishui Jiatiansha" has a total construction area of 316,507 square meters and is expected to be completed in 2020[108] - The company has ongoing projects in various urban agglomerations, including the Yangtze River Delta and the Bohai Rim, indicating a strategic market expansion[108] - The company continues to deepen its strategic presence in key cities across various urban agglomerations, including the Chengdu-Chongqing area and the Yangtze River Delta[79] Employee and Management Structure - The company had approximately 34,118 employees as of June 30, 2020, compared to 33,431 employees as of December 31, 2019[70] - The company has restructured its management system into five major battle zones to enhance resource utilization and achieve economies of scale[124] - The board consists of five executive directors and four independent non-executive directors, ensuring diverse expertise in finance, law, global economics, and real estate[156] Shareholder Information and Corporate Governance - As of June 30, 2020, the total number of issued shares of the company was 5,768,417,304[132] - Ms. Zeng Baobao holds a 57.45% equity interest in the company through Fantasy Pearl International Limited[130] - The company has maintained compliance with all corporate governance codes as of June 30, 2020[157] - The company emphasizes high standards of corporate governance to enhance transparency and accountability to shareholders[156] Share Option and Incentive Plans - The company has adopted a stock option plan, with a total of 75,097,720 shares available for options as of June 30, 2020[168] - The total number of options that can be granted under the plan is capped at 10% of the total issued share capital without prior shareholder approval[174] - The share option plan is valid for ten years from the acceptance date, but the company can terminate it early through a shareholders' meeting or board decision[173] - The company aims to reward and incentivize eligible participants who have contributed to its value through the share option plan[172] Cash Flow and Asset Management - As of June 30, 2020, the total bank balances and cash amounted to approximately RMB 25,191 million, an increase of 9.3% from RMB 23,044 million as of December 31, 2019[62] - The company reported a significant increase in cash and cash equivalents, totaling RMB 22,414,794 thousand as of June 30, 2020, compared to RMB 20,379,733 thousand as of December 31, 2019[193] - The company's total assets minus current liabilities stood at RMB 48,486,291 thousand, down from RMB 49,221,701 thousand, reflecting a decrease of about 1.5%[195] - The total liabilities increased to RMB 79,505,911 thousand from RMB 74,007,971 thousand, marking an increase of about 7.4% year-over-year[195]