Audit and Risk Management - The Audit Committee held four meetings during the reporting period on 31 March 2022, 29 April 2022, 31 August 2022, and 31 March 2023[3] - The internal audit team reports directly to the Audit Committee and ensures proper handling and dissemination of inside information in compliance with regulatory guidelines[27] - The company maintains a risk management framework with responsibilities delegated to the audit committee[39] - Internal audit reviews are conducted on a rotational basis, with reports delivered directly to the audit committee[44] - The company has established a risk management communication channel to ensure timely and accurate information flow[45] - The company has implemented procedures and internal controls to handle and disseminate insider information[46] - The company's internal audit function reports directly to the audit committee[46] Board and Committee Activities - The Nomination Committee reviewed the Board composition, diversity policy implementation, and succession planning for Directors[6] - The Remuneration Committee reviewed and made recommendations on the remuneration packages of executive Directors and senior management, ensuring no Director decides their own remuneration[8][10] Financial Performance and Dividends - The Board considers factors such as financial performance, retained earnings, debt-to-equity ratio, and economic conditions when proposing dividend payouts[16] - The company did not recommend payment of a final dividend for the reporting period[34] - Revenue for the reporting period was approximately RMB1,391.7 million, representing an increase of 1.5 times compared to 2021[94] - Gross profit for the reporting period was approximately RMB436.7 million, an increase of 45.7% compared to 2021[94] - Loss attributable to equity shareholders was approximately RMB631.6 million, compared to a profit of RMB15.4 million in 2021[94] - Gross profit margin decreased to 31.4% in 2022 from 53.8% in 2021, a drop of 22.4 percentage points[96] - Gearing ratio increased to 175.2% in 2022 from 99.1% in 2021, a rise of 76.1 percentage points[96] - Cash and bank balances (including cash equivalents and restricted cash) increased to RMB1,078.1 million in 2022 from RMB907.8 million in 2021[96] Property Development and Sales - The company's subsidiaries are primarily engaged in investment holding, property development, and sales/rental of developed properties[51] - The Group's contracted sales during the reporting period amounted to RMB1,839.5 million, representing a 22.6% increase compared to 2021[88][89] - The contracted saleable gross floor area (GFA) was approximately 121,326.6 square meters, a 21.3% increase from 2021[88][89] - The contracted average selling price (ASP) was approximately RMB15,161.6 per square meter, a 1.1% increase over 2021[88][89] - Contracted sales for 2022 were RMB1,839.5 million, an increase from RMB1,500.6 million in 2021[96] - Contracted saleable GFA for 2022 was 121,326.6 sq.m., up from 100,016.2 sq.m. in 2021[96] - The GFA of delivered properties increased to 114,657.3 sq.m., a 7.2 times increase compared to 2021[120] - Revenue from property sales was approximately RMB1,387.0 million, a 1.5 times increase compared to 2021, accounting for 99.7% of total revenue[120] - Completed property projects as of 31 December 2022 amounted to RMB1,914.6 million, a 3.8 times increase compared to 2021[121] - The Sanya Phoenix Aqua City South Shore project has a completed GFA of 122,025.4 sq.m. with a saleable GFA of 87,958.2 sq.m.[124] - The Haikou Phoenix Aqua City Phase I project has a completed GFA of 45,988.0 sq.m. with a saleable GFA of 34,216.6 sq.m.[124] - The Zhanjiang City Binjianghua Fu project has a completed GFA of 93,635.6 sq.m. with a saleable GFA of 93,635.6 sq.m.[124] - The Group's property investment ownership interests range from 53.2% to 100% across various projects[124] - Contracted sales for 2022 reached RMB 1,839.5 million, a 22.6% increase compared to 2021[131] - Contracted sales GFA for 2022 was 121,326.6 sq.m., a 21.3% year-on-year increase[131] - The average selling price per sq.m. for contracted sales in 2022 was RMB 15,161.6, a 1.1% increase from 2021[131] - 99.6% of the completed GFA remaining undelivered at the end of 2022 was located in the PRC[135][137] - The Group had 8 property projects under development as of 31 December 2022, amounting to RMB 4,393.6 million, a 36.2% decrease compared to 2021[161][163] - Certain projects under development in the PRC with carrying amounts of RMB 2,035.7 million were written down by RMB 693.0 million to their net realisable values due to the decline in expected unit selling prices in Danzhou and Haikou regions[163][175] - The Sanya Phoenix Aqua City South Shore project is expected to be completed by 30 December 2024, with a GFA under development of 302,810.1 sq.m.[165] - The Jingzhuya Court project is expected to be completed by 30 December 2023[168] - The total GFA for all projects as of 2022 was 390,191.7 sq.m., compared to 349,129.4 sq.m. in 2021[146] - The Hamilton Sierra Vista project in San Jose, USA, had a contracted GFA of 2,377.0 sq.m. and contracted sales of RMB 189.4 million in 2022[130] - The carrying amount of a development property project is RMB 331.0 million, with a cumulative impairment of RMB 153.8 million, which was transferred to construction in progress classified as property, plant, and equipment for future development upon change of use[177] - The total gross floor area (GFA) under development is 829,532.3 sq.m, with 96,653.6 sq.m pre-sold[194] - The Hailan Rongjing project in Danzhou Phoenix Shores has a GFA of 730,429.2 sq.m, with a 99.45% ownership interest[185] - The Zhanjiang Suixi No. 1 project in Guangdong has a GFA of 10,159.6 sq.m and a pre-sold area of 11,327.6 sq.m[188] - The Shibu Resident Committee project in Foshan has a GFA of 15,166.1 sq.m and a pre-sold area of 2,181.0 sq.m, with an expected completion date of 2024.06.30[189] - The Hailan Zhongtang project in Nanjing has a GFA of 22,371.9 sq.m and a 70% ownership interest[191] - The C65 Regulatory Plan for the First and Second Cluster Area in Binhai New District has a GFA of 412,200.3 sq.m[192] Investment Properties - The carrying amount of investment properties as of 31 December 2022 was RMB461.4 million, pledged for bank borrowings[68] - The rental income from investment properties is reported under the investment property segment[200] Debt and Equity - The gearing ratio as of 31 December 2022 was 175.2%, up from 99.3% in 2021[60] - The Group's debt-to-equity ratio (total debt divided by total equity) as of 31 December 2022 was 175.2%, compared to 99.3% in 2021[75] Strategic Focus and Expansion - The Group is focusing on projects in Hainan Province, aiming to establish a closed operation system by the end of 2025[90] - The Group is expanding into new regions nationwide, optimizing its metropolitan portfolio, and focusing on mainstream cities[90] Asset Disposal and Impairment - The company disposed of 65% equity interest in Jiangxi Hailan for a total consideration of RMB 39,210,172[59] - The carrying amount of properties under development and completed properties held for sale was RMB2,392.2 million and RMB435.8 million respectively, pledged for bank and other borrowings[68] Diversity and Inclusion - The Company achieved gender diversity in its workforce, including senior management, and will continue to consider diversity perspectives in hiring[13][14] Shareholder Relations - The company values shareholder feedback to enhance transparency and investor relationships[53]

於 香 港 財 務 報 告 準 則 第15號 範 圍 內 的 客 戶 合 約 收 益： 收 益 確 認 的 時 間 — 於 某 一 時 間 點 1,386,961 552,928 本 公 司 執 行 董 事（即 主 要 經 營 決 策 者）獨 立 監 察 各 業 務 單 位 的 經 營 業 績，以 就 資 源 分 配 及 表 現 評 估 作 出 決 策。 – 10 – 本 公 司 根 據 開 曼 群 島 公 司 法 在 開 曼 群 島 註 冊 成 立 為 豁 免 有 限 公 司，因 此 獲 豁 免 繳 納 開 曼 群 島 所 得 稅。在 英 屬 處 女 群 島 的 集 團 成 員 公 司 乃 根 據 英 屬 處 女 群 島 國 際 商 業 公 司 法 註 冊 成 立，因 此 獲 豁 免 繳 納 英 屬 處 女 群 島 所 得 稅。 董 事 會 不 建 議 派 發 報 告 期 間 之 末 期 股 息（2021年：無）。 | --- | --- | --- | |-----------------------------------------------|------------------------|--- ...

44 Hailan Holdings Limited 海藍控股有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號 : 2278 2022 INTERIM REPORT t 前 報告 CONTENTS 目錄 海藍控股有限公司 / 2022年中期報告 1 2 Corporate Information 公司資料 | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------------|-----------------------------------| | | | | | 5 | Chairman's Statement | 主席報告書 | | 7 | Management Discussion and Analysis | 管理層討論與分析 | | | 16 Disclosure o ...

44 Hailan Holdings Limited 海藍控股有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Stock Code 股份代號 : 2278 2021 # ** **** * Contents 目錄 2 Corporate Information 公司資料 | --- | --- | --- | |-------|-------------------------------------------------------------------------------|--------------------------| | | | | | 5 | Chairman's Statement | 主席報告書 | | 7 | Management Discussion and Analysis | 管理層討論與分析 | | | 16 Directors and Senior Management | 董事及高級管理層 | | | 23 Corporate Governance Re ...