Financial Performance - The company reported a revenue of approximately RMB 877 million for the first half of 2022, an increase of about 338.2% compared to the same period in 2021[11]. - The loss attributable to equity holders was approximately RMB 61.55 million, compared to a profit of RMB 18.17 million in the same period last year[11]. - The comprehensive development business achieved revenue of approximately RMB 875 million, a year-on-year increase of about 358.1%[19]. - Revenue for the six months ended June 30, 2022, was RMB 877,008 thousand, a significant increase from RMB 200,157 thousand in the same period of 2021, representing a growth of approximately 338%[73]. - The total revenue for the six months ended June 30, 2022, was RMB 835,261,000, compared to RMB 160,509,000 for the same period in 2021, representing an increase of 419.5%[131]. - The net loss attributable to equity holders of the company for the six months ended June 30, 2022, was RMB (180,933,000), compared to a profit of RMB 18,173,000 in 2021[149]. Asset and Liability Management - As of June 30, 2022, the total assets of the group were approximately RMB 25.621 billion, a decrease of about 2.7% compared to December 31, 2021[32]. - Total liabilities as of June 30, 2022, were RMB 13,552,949,000, compared to RMB 13,943,321,000 as of December 31, 2021, showing a decrease of 2.8%[134]. - The group’s total equity as of June 30, 2022, was approximately RMB 12.068 billion, a decrease from approximately RMB 12.399 billion as of December 31, 2021[44]. - The company’s total capital commitments as of June 30, 2022, amounted to RMB 5,009,034,000, an increase from RMB 4,543,772,000 as of December 31, 2021[177]. Investment Activities - The total scale of fund management and investment participation reached RMB 4.37 billion, with actively managed funds amounting to RMB 1.5 billion as of June 30, 2022[14]. - The company is actively exploring investment opportunities in the "cultural tourism + technology" and "high-tech product lines for urbanization" sectors[14]. - The company has successfully invested in a leading 3D VR panoramic ultra-high-definition imaging technology firm, enhancing its investment management capabilities[14]. - The company is establishing a mother fund to invest in leading industry institutions, aiming to create a resource ecosystem for long-term value-added equity targets[27]. Operational Efficiency - The company aims to optimize asset structure and improve resource allocation efficiency through innovative financial means[14]. - The company continues to focus on risk prevention and enhancing internal management to promote stable business development[9]. - The group’s management expenses decreased by approximately 6.9% year-on-year to about RMB 93.88 million, with a notable reduction in comprehensive development business management expenses by about 10.3%[39]. - The financing leasing business generated revenue of approximately RMB 1.67 million, with a profit attributable to equity holders of approximately RMB 3.3 million[24]. Market and Economic Outlook - The economic outlook for the second half of 2022 is expected to improve, driven by the gradual recovery from the pandemic and ongoing growth stabilization policies[25]. - The overall private equity fund market in China has maintained stable growth, with private equity funds accounting for approximately 65% of the total market size[12]. Cash Flow and Liquidity - The company maintained a strong liquidity position, with no significant difficulties faced due to exchange rate fluctuations[47]. - The cash and cash equivalents decreased to RMB 2,357,139 thousand as of June 30, 2022, down from RMB 3,791,389 thousand at the beginning of the year, reflecting liquidity challenges[108]. - The net cash used in operating activities was RMB (797,104) thousand, a decrease of 39.5% compared to RMB (1,320,031) thousand for the same period in 2021[105]. Employee and Governance - The company employed 323 full-time employees as of June 30, 2022, with competitive salary levels reviewed annually[51]. - The company has maintained compliance with all applicable corporate governance codes during the reporting period[66]. Related Party Transactions - The company recorded significant related party transactions, including purchasing goods and services amounting to RMB 14,198,000 in the first half of 2022, up from RMB 4,758,000 in the same period of 2021[181]. - The company reported a total of RMB 2,331,000 thousand in related party loans[186].

Financial Performance - The company's revenue for the year ended December 31, 2021, was RMB 1,474,128,000, representing a 12.8% increase from RMB 1,306,550,000 in 2020[6]. - The net loss attributable to equity holders for 2021 was RMB (883,252,000), compared to a profit of RMB 63,757,000 in 2020[6]. - Basic earnings per share for 2021 was RMB (1.49), a decrease from RMB (0.29) in the previous year[6]. - The group achieved operating revenue of approximately RMB 1.474 billion, representing a year-on-year increase of about 12.8%[27]. - The net loss attributable to equity holders of the group was approximately RMB 883 million, primarily due to the downturn in the real estate industry and significant increases in impairment provisions[27]. - The profit from comprehensive development business was approximately RMB 128 million, down about 64.4% from RMB 360 million in 2020, primarily due to profits recognized from the sale of projects in Chengdu and Xi'an in the previous year[48]. - The company reported a loss attributable to equity holders of approximately RMB 883 million for the year ended December 31, 2021, compared to a profit of approximately RMB 64 million in 2020, representing a significant decline[48]. - The company reported a significant increase in revenue, achieving a total of HKD 1.5 billion, representing a year-on-year growth of 15%[80]. - The company reported a loss attributable to shareholders of approximately RMB 1.112 billion, compared to RMB 0.219 billion in the previous year[182]. Assets and Liabilities - Total assets as of December 31, 2021, were RMB 26,342,763,000, up from RMB 25,421,957,000 in 2020[6]. - The company's equity attributable to equity holders was RMB 8,620,508,000, down from RMB 9,430,396,000 in 2020[6]. - The group's total assets as of December 31, 2021, were approximately RMB 26.343 billion, an increase of about 3.6% from the previous year[45]. - As of December 31, 2021, the total equity of the group was approximately RMB 12.399 billion, a decrease from RMB 13.225 billion on December 31, 2020, representing a decline of about 6.2%[57]. - The group's asset-liability ratio as of December 31, 2021, was approximately 30.7%, down from about 34.7% on December 31, 2020, a decrease of about 4.0 percentage points[57]. Investment and Fund Management - The group plans to accelerate the exit of existing project assets and expand overseas asset management capabilities[16]. - The group established Nantong Zijing Huaxin Industrial Mother Fund and Foshan Gaoxin Technology Industrial Fund, increasing actively managed fund size despite market challenges from COVID-19[17]. - The total scale of funds managed and participated in by the group reached RMB 4.37 billion by the end of 2021, with actively managed funds amounting to RMB 1.5 billion[31]. - The group invested in the well-known IP B.Duck, holding approximately 8.36% of its shares after its listing on the Hong Kong Stock Exchange[30]. - The group successfully completed an exit from a fund with a scale of RMB 1.5 billion during the reporting period[37]. - The group optimized resource allocation and completed an exit from Tongcheng Yilong, realizing a total of approximately HKD 1.88 billion since the initial sale in August 2020[30]. Economic Outlook and Strategy - The Chinese government's GDP growth for 2021 was 8.1%, indicating a strong economic recovery amidst global uncertainties[15]. - The group anticipates continued economic resilience and potential growth in China's second-largest economy and consumer market, driven by digitalization and new consumption sectors[21]. - The group plans to optimize asset structure and enhance resource allocation towards quality projects in the "Cultural Tourism + Technology" sector[23]. - The group aims to strengthen its investment management capabilities and enhance industry competitiveness through active management of funds in the "Cultural Tourism + Technology" industry chain[23]. - The group expects to face profit pressure due to asset structure constraints but believes that optimizing resource allocation will improve growth quality and industry influence[24]. Corporate Governance - The company has adhered to the applicable provisions of the corporate governance code as of December 31, 2021[90]. - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors, with independent directors exceeding one-third of the board[94]. - The company emphasizes high-quality corporate governance to enhance investor confidence and protect shareholder interests[89]. - The board is committed to making decisions that align with the interests of shareholders and the overall company[91]. - The company has implemented procedures to allow directors to seek independent professional advice when necessary[91]. Risk Management - The company has established a robust risk management framework to identify, assess, and manage significant risks, ensuring long-term success[135]. - Major risks identified include investment management risks due to policy changes in the real estate sector, which may lead to uncertainties in project development and sales[149][151]. - The company actively monitors real estate policies and market dynamics to mitigate investment risks, ensuring adequate funding reserves for development projects[149]. - The company has implemented a comprehensive risk management system with three lines of defense, focusing on risk identification, assessment, and management strategies[140][142][143]. Employee and Board Diversity - As of December 31, 2021, the company had a total of 311 employees, with approximately 40.5% being female[122]. - The board consists of five male directors and two female directors, reflecting a balance of skills, experience, and professional knowledge suitable for the company's business development[121]. - The company emphasizes the importance of a diverse board to enhance overall effectiveness and shareholder value[121]. - The company is committed to maintaining gender diversity at both the board and senior management levels, with ongoing reviews of its diversity policies[122].

[Company Overview](index=3&type=section&id=Company%20Information) This report is the interim report for OCT (Asia) Holdings Limited for the six months ended June 30, 2021, detailing key management and corporate information - This report is the interim report for OCT (Asia) Holdings Limited (Stock Code: 03366) for the six months ended June 30, 2021[2](index=2&type=chunk) - Key management includes: **Executive Directors** (Mr. Zhang Dafan (Chairman), Ms. Xie Mei (CEO), Mr. Lin Kaihua), **Non-executive Director** (Mr. Wang Wenjin), **Independent Non-executive Directors** (Ms. Huang Huiling, Professor Lin Chengguang, Mr. Zhu Yongyao), and **Auditor** (KPMG)[5](index=5&type=chunk)[7](index=7&type=chunk) [Management Discussion and Analysis](index=5&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an in-depth review of the Group's operational performance, business segments, future outlook, and financial position for the period [Operating Results and Business Review](index=5&type=section&id=Operating%20Results%20and%20Business%20Review) In the first half of 2021, the Group actively seized investment opportunities from China's economic recovery, aligning with its 'Culture + Technology' strategic positioning, successfully turning loss into profit despite a year-on-year decrease in operating revenue due to reduced property sales recognition - The Group's strategic positioning is a 'Culture + Technology' cross-border investment and asset management company, with core businesses in 'culture, tourism, technology, new urbanization, and industrial ecosystem investment'[9](index=9&type=chunk) Operating Results Summary | Metric | H1 2021 | H1 2020 | Change | | :--- | :--- | :--- | :--- | | Operating Revenue | Approx. 200 million RMB | Approx. 344 million RMB | ↓ 41.7% | | Profit/(Loss) Attributable to Equity Holders | Profit approx. 18.17 million RMB | (Restated) Loss approx. 201 million RMB | Turned Loss into Profit | [Business Segment Performance](index=6&type=section&id=Business%20Segment%20Performance) The Group's operations primarily comprise equity investment and funds, integrated development, and finance lease, with equity investment recording a segment loss, integrated development turning profitable despite revenue decline, and finance lease contributing stable profit despite scale reduction [Equity Investment and Fund Business](index=6&type=section&id=Equity%20Investment%20and%20Fund%20Business) This business focuses on technology, consumer, and cultural tourism sectors in the Yangtze River Delta and Greater Bay Area, managing approximately 4.3 billion RMB in funds and investments, actively engaging in investments and exits, and obtaining SFC licenses for cross-border asset management, despite recording a segment loss of approximately 21.4 million RMB - Key investment areas include technology, consumer, culture, tourism, and new urbanization industries, leveraging parent company OCT Group's industrial resources to empower investee companies[12](index=12&type=chunk) - Active investment and exit activities during the period: **Investments**: Completed investments in home internet platform 'Liweijia' and marine electric propulsion system company 'EPropulsion'; invested **HKD 140 million** for a **9.5% equity stake** in Dexin Holdings, operator of IP 'B.Duck'; **Exits**: Partial project exits from Xiamen Runyu Fund, recovering approximately **1.25 billion RMB** in cash; further disposal of Tongcheng-Elong shares, cumulatively recovering approximately **HKD 1.88 billion**; 'Lihexing', an investee of a participated fund, listed on the Shenzhen Stock Exchange[14](index=14&type=chunk) - The asset management company obtained Hong Kong SFC Type 4 (advising on securities) and Type 9 (asset management) licenses, facilitating expanded fundraising channels and diversified cross-border asset management services[14](index=14&type=chunk) Equity Investment and Fund Business Metrics | Metric | Amount (RMB) | | :--- | :--- | | Total Fund Management and Investment Scale | Approx. 4.3 billion | | Segment Loss Attributable to Equity Holders | Approx. 21.4 million | [Integrated Development Business](index=8&type=section&id=Integrated%20Development%20Business) Operating cautiously amidst tightening policies, this segment focuses on the Yangtze River Delta and Greater Bay Area, successfully acquiring land for Hefei Airport International Town Phase II and advancing project sales, turning loss into profit despite a revenue decrease from reduced recognition Integrated Development Business Performance | Metric | H1 2021 | H1 2020 | Change | | :--- | :--- | :--- | :--- | | Segment Revenue | Approx. 191 million RMB | Approx. 331 million RMB | ↓ 42.3% | | Segment Profit/(Loss) Attributable to Equity Holders | Profit approx. 44 million RMB | Loss approx. 133 million RMB | Turned Loss into Profit | - Key project progress: **Hefei Airport International Town**: Phase I sell-through rate reached **99.7%**, and successfully bid for approximately **913 mu** of land for Phase II; **Shanghai Suhewan**: Bulgari Hotel business steadily recovered, with revenue of approximately **114 million RMB**, a **96% year-on-year increase**, exceeding pre-pandemic levels; **Zhongshan Yuhong Project**: Phase I contracted sales of approximately **1.27 billion RMB**; **Chongqing OCT Land Project**: Contracted sales of approximately **800 million RMB**[25](index=25&type=chunk)[28](index=28&type=chunk)[30](index=30&type=chunk)[31](index=31&type=chunk) Integrated Development Project Status | Project Name | Equity Ratio | Project Stage | Cumulative Sales Area (10,000 m²) | | :--- | :--- | :--- | :--- | | Hefei Airport International Town Project Phase I | 51% | On Sale | 25.26 | | Hefei OCT Bantian Hot Spring Town Project | 51% | On Sale | 0.3 | | Zhongshan Wanwan Project | 21% | On Sale | 11.5 | | Shanghai Suhewan Project | 50.5% | On Sale | 16.7 | | Chongqing OCT Land Project | 49% | On Sale | 35.8 | [Finance Lease Business](index=14&type=section&id=Finance%20Lease%20Business) No new finance lease business was added during the period, with the focus on managing existing projects, achieving good cash recovery and contributing stable profit despite a reduction in business scale Finance Lease Business Metrics | Metric | Amount (RMB) | | :--- | :--- | | Cumulative Collections | Approx. 96.608 million | | Operating Revenue | Approx. 9.06 million | | Segment Profit Attributable to Equity Holders | Approx. 4.20 million | [Outlook](index=14&type=section&id=Outlook) For the second half, the Group will deepen its 'Culture + Technology' strategy, expand actively managed funds, strengthen investments in core sectors, leverage new asset management licenses for cross-border opportunities, and accelerate key integrated development projects to enhance asset turnover and shareholder returns - **Overall Strategy**: Continuously strengthen investment in core areas such as technology, consumption, and new urbanization, expand the scale of actively managed funds, and accelerate the revitalization and turnover of existing assets[35](index=35&type=chunk) - **Equity Investment and Fund Business Outlook**: Utilize Hong Kong asset management licenses to capture domestic and international investment opportunities and increase fundraising efforts; established the Nantong Zijing Industrial Mother Fund with a total scale of **1 billion RMB** in July[37](index=37&type=chunk)[39](index=39&type=chunk) - **Integrated Development Business Outlook**: Increase sales efforts for projects in Hefei and Zhongshan, accelerate the disposal of existing properties, meticulously control costs, and improve capital utilization efficiency; the Hefei Airport project is expected to add approximately **6.2 billion RMB** in salable value, and the Zhongshan project approximately **1.9 billion RMB** in salable value in the second half[40](index=40&type=chunk)[42](index=42&type=chunk) [Financial Review](index=17&type=section&id=Financial%20Review) As of June 30, 2021, the Group maintained a robust financial position with total assets of approximately 25.032 billion RMB, successfully turning loss into profit despite a 41.7% revenue decrease, driven by a significant gross profit margin increase to 23.6% and reduced associate losses, with the board recommending no interim dividend Financial Position (As of June 30, 2021) | Metric | Amount (RMB) | | :--- | :--- | | Total Assets | Approx. 25.032 billion | | Total Equity | Approx. 13.363 billion | | Asset-Liability Ratio | Approx. 30.7% | Operating Results (For the Six Months Ended June 30, 2021) | Metric | H1 2021 | H1 2020 | | :--- | :--- | :--- | | Revenue | Approx. 200 million RMB | Approx. 344 million RMB | | Gross Profit Margin | 23.6% | 6.0% | | Profit/(Loss) Attributable to Equity Holders | Profit 18.17 million RMB | (Restated) Loss 201 million RMB | - Gross profit margin increased by **17.6 percentage points** year-on-year, primarily due to higher gross profit from Shanghai Bulgari Hotel in the integrated development business and reduced interest expenses from the finance lease business[44](index=44&type=chunk) - Administrative expenses decreased by **23.1%** year-on-year to **101 million RMB**, mainly due to reduced staff costs and depreciation expenses from projects exited at the end of last year; interest expenses decreased by **50.5%** year-on-year to **57.45 million RMB**, primarily due to lower loan amounts and interest rates[49](index=49&type=chunk)[50](index=50&type=chunk) - The Board recommended no interim dividend for the six months ended June 30, 2021[52](index=52&type=chunk) [Significant Events and Post-Balance Sheet Events](index=23&type=section&id=Significant%20Events) During and after the period, the Group actively pursued asset optimization and strategic investments, completing the disposal of Tongcheng-Elong shares, establishing multiple investment partnerships, and post-period, investing in Dexin Holdings and setting up the Nantong Industrial Mother Fund, demonstrating its proactive 'Culture + Technology' and asset management strategy - **Disposal of Tongcheng-Elong**: Completed a series of transactions to dispose of all shares held in Tongcheng-Elong[64](index=64&type=chunk) - **Establishment of Investment Funds**: Established Xiamen Qiaorun Investment Partnership (Limited Partnership) and Shenzhen Qiaoheng No. 1 Investment Enterprise (Limited Partnership), with subscribed capital contributions totaling **800 million RMB** and **959 million RMB**, respectively[65](index=65&type=chunk)[68](index=68&type=chunk) - **Land Acquisition**: Acquired the right to use approximately **913.05 mu** of land for Hefei Airport International Town Phase II for a total consideration of approximately **2.805 billion RMB**[70](index=70&type=chunk) - **Post-Balance Sheet Event - Investment in Dexin Holdings**: Invested approximately **HKD 143 million** in Dexin Holdings, the parent company of the well-known IP B.Duck, acquiring approximately **9.5%** of its enlarged share capital[72](index=72&type=chunk) - **Post-Balance Sheet Event - Establishment of Nantong Mother Fund**: Participated in the establishment of Nantong Suxitong Zijing Huaxin Venture Capital Partnership (Limited Partnership), with a subscribed capital contribution of **400 million RMB**[75](index=75&type=chunk) [Directors' and Major Shareholders' Interests](index=27&type=section&id=Directors%27%20Interests) This section details the shareholdings of the company's directors and major shareholders as of June 30, 2021, in accordance with the Securities and Futures Ordinance [Directors' Interests](index=27&type=section&id=Directors%27%20Interests) As of June 30, 2021, only Independent Non-executive Director Mr. Lin Chengguang held shares in the company among the directors and chief executive, with no other directors or chief executive holding interests in the company's shares, as per the Securities and Futures Ordinance Directors' Shareholdings | Director Name | Capacity | Number of Shares Held | Approximate Percentage of Issued Share Capital | | :--- | :--- | :--- | :--- | | Lin Chengguang | Beneficial Owner | 1,000,000 | 0.13% | [Major Shareholders' Interests](index=28&type=section&id=Major%20Shareholders%20and%20Other%20Persons%27%20Interests%20and%20Short%20Positions) As of June 30, 2021, Pacific Climax Limited was the direct controlling shareholder, holding 70.94% of the shares, with Hong Kong OCT Limited, Shenzhen OCT Company Limited, and OCT Group Company Limited all deemed to have interests in these shares due to their equity structure Major Shareholders' Interests | Major Shareholder Name | Capacity/Nature | Number of Shares (Long Position) | Approximate Shareholding Percentage | | :--- | :--- | :--- | :--- | | Pacific Climax Limited | Beneficial Owner | 530,894,000 | 70.94% | | Hong Kong OCT Limited | Interest in Controlled Corporation | 530,894,000 | 70.94% | | Shenzhen OCT Company Limited | Interest in Controlled Corporation | 530,894,000 | 70.94% | | OCT Group Company Limited | Interest in Controlled Corporation | 530,894,000 | 70.94% | - Equity structure explanation: OCT Group indirectly controls OCT Company Limited through its subsidiaries, OCT Company Limited wholly owns Hong Kong OCT, and Hong Kong OCT wholly owns Pacific Climax[83](index=83&type=chunk)[84](index=84&type=chunk) [Share Option Scheme](index=30&type=section&id=Share%20Option%20Scheme) The company's share option scheme adopted in 2011 expired on February 14, 2021, with no outstanding or new options granted during the review period - The company's share option scheme ('the Scheme') adopted in 2011 expired on February 14, 2021, and no further share options will be granted under the Scheme[86](index=86&type=chunk)[88](index=88&type=chunk) - There were no outstanding share options under the Scheme at the beginning or end of the review period, nor were any options granted, exercised, lapsed, or cancelled during the period[90](index=90&type=chunk) [Corporate Governance](index=33&type=section&id=Corporate%20Governance) The company maintained full compliance with the Corporate Governance Code during the six months ended June 30, 2021, with the Audit Committee reviewing interim results and no share transactions by the company or its subsidiaries - For the six months ended June 30, 2021, the company consistently complied with all applicable code provisions of the Corporate Governance Code in Appendix 14 to the Listing Rules[92](index=92&type=chunk) - The Audit Committee reviewed the Group's unaudited interim results for the six months ended June 30, 2021, with management[94](index=94&type=chunk) - Neither the company nor any of its subsidiaries purchased, sold, or redeemed any of its shares during the six months ended June 30, 2021[95](index=95&type=chunk) [Interim Financial Report](index=34&type=section&id=Interim%20Financial%20Report) This section presents the unaudited interim financial statements, including the consolidated statement of profit or loss, financial position, and cash flows, along with selected notes for the period ended June 30, 2021 [Summary of Consolidated Financial Statements](index=34&type=section&id=Consolidated%20Financial%20Statements) For the six months ended June 30, 2021, the financial statements show a 41.7% year-on-year revenue decrease to 200 million RMB, yet the company successfully turned loss into profit, reporting a profit attributable to equity holders of 18.17 million RMB compared to a restated loss of 201 million RMB in the prior period, maintaining a stable financial position with total assets of 25.032 billion RMB and total equity of 13.363 billion RMB at period-end Summary Consolidated Statement of Profit or Loss (For the Six Months Ended June 30) | Metric (RMB '000) | 2021 | 2020 (Restated) | | :--- | :--- | :--- | | Revenue | 200,157 | 343,510 | | Gross Profit | 47,335 | 20,522 | | Operating Loss | (9,497) | (73,645) | | Loss for the Period | (11,399) | (275,602) | | **Profit/(Loss) Attributable to Equity Holders of the Company** | **18,173** | **(200,814)** | | Basic Loss Per Share (RMB) | (0.127) | (0.431) | Summary Consolidated Statement of Financial Position | Metric (RMB '000) | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | **Non-current Assets** | **10,696,495** | **11,776,749** | | **Current Assets** | **14,335,134** | **13,645,208** | | **Total Assets** | **25,031,629** | **25,421,957** | | **Current Liabilities** | **4,956,035** | **4,634,414** | | **Non-current Liabilities** | **6,712,116** | **7,562,357** | | **Total Liabilities** | **11,668,151** | **12,196,771** | | **Total Equity** | **13,363,478** | **13,225,186** | Condensed Consolidated Statement of Cash Flows (For the Six Months Ended June 30) | Metric (RMB '000) | 2021 | 2020 | | :--- | :--- | :--- | | Net Cash from Operating Activities | (1,320,031) | (3,286,663) | | Net Cash from Investing Activities | 2,076,811 | (213,777) | | Net Cash from Financing Activities | (1,213,234) | 4,436,334 | | Net Decrease in Cash and Cash Equivalents | (456,454) | 935,894 | [Selected Notes to Unaudited Interim Financial Report](index=45&type=section&id=Notes%20to%20Unaudited%20Interim%20Financial%20Report) These notes detail the basis of preparation, accounting policy changes, segment reporting, related party transactions, and contingent liabilities, highlighting the significant restatement of prior period comparative figures due to an associate's re-reported results, the continued dominance of integrated development in revenue, and a substantial increase in capital commitments for property development - **Restatement of Prior Period**: Due to an listed associate restating its H1 2020 results, the Group adjusted its comparative figures; consequently, the share of profit less loss of associates for H1 2020 changed from a profit of **66.45 million RMB** to a loss of **78.72 million RMB**, expanding the loss attributable to equity holders of the company from **55.65 million RMB** to **201 million RMB**[151](index=151&type=chunk) Summary of Segment Results (For the Six Months Ended June 30, 2021) | Segment (RMB '000) | External Revenue | Profit/(Loss) for the Period | | :--- | :--- | :--- | | Integrated Development Business | 191,095 | 14,668 | | Equity Investment and Fund Business | - | (21,402) | | Finance Lease Business | 9,062 | 4,158 | - **Contingent Liabilities**: As of June 30, 2021, the Group's mortgage loan guarantees provided for property buyers totaled approximately **280 million RMB**[59](index=59&type=chunk)[241](index=241&type=chunk) Capital Commitments | Item (RMB '000) | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Inventories (primarily property development) | 5,164,925 | 1,825,776 | | Investments | 503,475 | 606,518 | | **Total** | **5,668,400** | **2,433,630** | - **Significant Related Party Transactions**: During the period, interest expenses of **49.27 million RMB** were paid to related parties, and related party loans of **641 million RMB** were repaid[242](index=242&type=chunk)

華僑城(亞洲)控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號: 03366 二零二零年年報 | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|--------------------------|--------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 目錄 | | | | | | | | | | | | | | | | | | | | | | | | 公司資料 | | 2 | | | | | | 財務概要 | | 3 | | | | | | 主席報告書 | | 5 | | | | | | | | | | | | | | 管理層討論及分析 | | 8 | | | | | | | | | | | | | | 董事及高級管理人員簡介 | | 21 | | | | | | | | | | | | | | 企業管治報告 | | 25 | | | | | | | | | | ...

華僑城(亞洲)控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號: 03366 二零二零年中期報告 目錄 公司資料 2 管理層討論及分析 4 董事權益 29 主要股東及其他人士的權益及淡倉 30 購股權計劃 32 企業管治 35 中期財務報告 37 | --- | --- | --- | |------------------------|-----------------------------------------|-------| | | 華僑城（亞洲）控股有限公司 中報 2020 | 2 | | 公司資料 | | | | 註冊辦事處 | Clifton House | | | | PO Box 1350 GT, 75 Fort Street | | | | Grand Cayman, Cayman Islands | | | 總辦事處及主要營業地點 | 香港花園道 1 號 | | | | 中銀大廈 59 樓 | | | 董事會 | 執行董事 | | | | 張大帆先生 （主席） | | | | 謝梅女士 （行政總裁） | | | | 林開樺先生 | | | | 非執行董事 | | | | 汪文 ...

華僑城(亞洲)控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號: 03366 二零一九年年報 目錄 | --- | --- | |--------------------------|-------| | | | | 公司資料 | 2 | | 財務概要 | 3 | | 主席報告書 | 5 | | 管理層討論及分析 | 9 | | 董事及高級管理人員簡介 | 26 | | 企業管治報告 | 30 | | 環境、社會及管治報告 | 49 | | 董事會報告 | 91 | | 獨立核數師報告 | 113 | | 綜合損益表 | 122 | | 綜合損益及其他綜合收益表 | 124 | | 綜合財務狀況表 | 125 | | 綜合權益變動表 | 127 | | 綜合現金流量表 | 128 | | 綜合財務報表附註 | 130 | | 五年業績摘要 | 243 | 華僑城（亞洲）控股有限公司 年報 2019 2 公司資料 董事會 | --- | --- | |--------------------------------|--------------| | | | | | | | 執行董事 | | | 何海濱 ...

華僑城(亞洲)控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號: 03366 二零一九年中期報告 | --- | --- | --- | --- | --- | --- | |-------|----------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | 1 | 華僑城（亞洲）控股有限公司 中報 2019 | | | | | | | | | | | | | | 目錄 目錄 | | | | | | | 公司資料 | | | | 2 | | | 管理層討論及分析 | | | | 4 | | | 董事權益 | | | | 23 | | | 主要股東及其他人士的權益及淡倉 | | | | 24 | | | 購股權計劃 | | | | 26 | | | 企業管治 | | | | 28 | | | 中期財務報告 | | | | 29 | 2 華僑城（亞洲）控股有限公司 中報2019 公司資料 | --- | --- | |------------------------| ...

華僑城(亞洲)控股有限公司 (於開曼群島註冊成立之有限公司) 股份代號: 03366 二零一八年年報 | --- | --- | |--------------------------|-------| | | | | 目錄 | | | 公司資料 | 2 | | 財務概要 | 3 | | 主席報告書 | 4 | | 管理層討論及分析 | 11 | | 董事及高級管理人員簡介 | 26 | | 企業管治報告 | 30 | | 環境、社會及管治報告 | 51 | | 董事會報告 | 81 | | 獨立核數師報告 | 97 | | 綜合損益表 | 105 | | | | | 綜合損益及其他綜合收益表 | 107 | | 綜合財務狀況表 | 108 | | 綜合權益變動表 | 110 | | 綜合現金流量表 | 111 | | 綜合財務報表附註 | 113 | | 五年業績摘要 | 231 | | | | | | | 華僑城（亞洲）控股有限公司 年報 20182 公司資料 | --- | --- | |------------------------------------------------|--------- ...