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。 （於開曼群島註冊成立的有限公司） （股份代號：3883） 盈利預告 本公告所載資料僅基於目前本集團獲得的信息及本公司對本集團綜合管理賬目的初步評估，目前 正在由本公司核數師和審計委員會審閱或審核。本公司仍在落實本集團截至二零二四年十二月三 十一日止年度之全年業績，有關全年業績預期將於二零二五年三月下旬刊發。 承董事會命 中國奧園集團股份有限公司 執行董事 陳志斌 本公告乃由中國奧園集團股份有限公司（「本公司」，連同其附屬公司，統稱為「本集團」）根據香港聯 合交易所有限公司證券上市規則第13.09(2)(a)條及香港法例第571章證券及期貨條例第XIVA部項下 內幕消息條文而作出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及有意投資者，根據本集團截至二零二四年 十二月三十一日止年度之未經審核綜合管理帳目以及現時掌握的其他資料的初步審閱及分析，本 集團預期二零二四年年度錄得虧損淨額不超過人民 ...

（於開曼群島註冊成立的有限公司） （股份代號：3883） 董事會會議召開日期 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。 陳志斌 香港，二零二五年三月十三日 於本公告日期，本公司執行董事為陳志斌先生及鄭少輝先生；本公司非執行董事為郭梓文先生、 Mohamed Obaid Ghulam Badakkan Alobeidli先生及史莉莉女士；及本公司獨立非執行董事為張國強 先生、李鏡波先生及黃煒強先生。 中國奧園集團股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零二五年三月 二十五日（星期二）舉行董事會會議，以（其中包括）考慮及批准本公司及其附屬公司截至二零二四年 十二月三十一日止財政年度之業績及其發佈，以及考慮派發末期股息（如有）。 中國奧園集團股份有限公司 執行董事 承董事會命 ...

近段时间以来，房企在债务重组及重整自救方面不断有新消息传来。 3月11日，中国奥园集团股份有限公司发布公告，宣布其境外债务重组计划取得新进展，即持有期延长六 个月。 根据中国奥园计划及Add Hero计划的条款，此次延长将持有期届满日期推迟至2025年9月22日，即重组生 效日期后18个月的日期后的下个营业日。中国奥园及Add Hero保留全权酌情进一步延长该日期的权利，将 根据持有期信托契约条款可分配信托资产的最迟日期来确定。 记者查询发现，就在去年9月，中国奥园集团股份有限公司曾发布公告，宣布境外债务重组计划的持有期 延长6个月至2025年3月20日。市场公开信息显示，2022年1月，中国奥园正式公告宣布公司境外债违约， 对所有境外债停付本息，并直接选择进行境外债务重组。到了2023年7月，中国奥园交出了一份境外债重 组方案。有业内人士认为，中国奥园当初提出重组方案时或许对市场持一种乐观的态度，然而市场走向并 没有如预期那般，所以公司债务重组的推进容易遇到问题，公司仍面临着资金压力。 从房企债务到期情况来看，克而瑞数据显示，2024年房企债券到期规模4828亿元，而发行规模仅有2158 亿元。2025年债 ...

本公司謹此宣佈，本公司及Add Hero已行使酌情權，根據中國奧園計劃及Add Hero計劃的條款， 將持有期延長六個曆月。 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分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。 本公告僅供參考，並不構成收購、購買或認購本公司證券之邀請或要約。於美國或任何其他根據 任何有關司法權區證券法例登記或合資格前作出有關提呈、招攬或出售則屬不合法的司法權區， 本公告並非亦不構成提呈購買或出售或招攬購買或出售任何證券的要約的任何部分。本公告提及 的證券並無且將不會根據一九三三年美國證券法登記，倘無登記或獲豁免登記，則不得在美國境 內提呈、出售或以其他方式轉讓。於美國公開發售任何證券將須以招股章程形式作出，該招股章 程可向本公司索取，並將載有關於本公司及管理層以及財務報表的詳細資料。本公司無意於美國 登記本公告所述任何發售的任何部分。 （於開曼群島註冊成立的有限公司） （股份代號：3883） 境外債務重組進展： 延長持有期 茲提述本公司日期為二零二三年十一月二十九日、二 ...

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。 （於開曼群島註冊成立的有限公司） （股份代號：3883） 董事變動 委任非執行董事 於本公告日期及除上文所披露者外，(i)史女士於本公告日期前三年並無在於香港或海外的其他上 市公司中擁有任何其他主要委任及資格或擔任董事職務；(ii)史女士並無於本公司或本集團成員公 司中擔當任何其他職位；(iii)史女士與本公司任何董事、高級管理人員、主要或控股股東（具有香 港聯合交易所有限公司證券上市規則（「上市規則」）所賦予其之涵義）並無任何關係；(iv)史女士並無 於證券及期貨條例（香港法例第571章）第XV部所界定的本公司任何股份、相關股份或債權證中擁有 權益；及(v)概無有關史女士獲委任而須根據上市規則第13.51(2)(h)至13.51(2)(v)條之規定予以披露 的其他資料，亦無須敦請本公司股東垂注的任何其他事宜。 1 執行董事辭任 董事會進一步宣佈，譚毅先生（「譚先生」）因工作調整已辭任執行董事，自二零二 ...

中國奥園集團股份有限公司 China Aoyuan Group Limited (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) HKEx Stock Code 香港聯交所上市編號：3883 低調務實理性 r 做長跑運動員 Humble and Pragmatic Ready for a Long Run Interim Report 中期報告 Group Introduction 集團簡介 China Aoyuan was listed on the Main Board of the Stock Exchange in October 2007 (Stock Code: 3883). As the pioneer of composite real estate in China, China Aoyuan integrated related themes into real estate development, with an aim to create harmonious and excell ...

Financial Performance - For the six months ending June 30, 2024, the total revenue was RMB 4,643,295,000, a decrease of 57.1% compared to RMB 10,849,420,000 for the same period in 2023[1] - The net profit for the period was RMB 22,100,490,000, compared to a net loss of RMB 2,896,300,000 in the previous year, indicating a significant turnaround[2] - Basic earnings per share for the period was RMB 660.16, compared to a loss per share of RMB 99.30 in the same period last year[2] - The total comprehensive income for the period was RMB 22,125,855,000, compared to a loss of RMB 2,913,602,000 in the previous year[2] - The group recorded a net loss of approximately RMB 4.538 billion for the six months ending June 30, 2024, excluding one-time comprehensive restructuring gains[6] - The company reported a significant foreign exchange loss of RMB 24,953,000 for the six months ended June 30, 2024[16] - The effective tax expense for the six months ended June 30, 2024, was RMB 531,972,000, compared to RMB 499,110,000 for the same period in 2023[17] - The profit attributable to shareholders for the first half of 2024 was approximately RMB 22.31 billion, a significant turnaround from a loss of RMB 2.94 billion in the same period of 2023, primarily due to gains from the completion of offshore debt restructuring[36] Assets and Liabilities - Non-current assets totaled RMB 20,638,605,000, down from RMB 21,560,472,000 as of December 31, 2023[3] - Current assets decreased to RMB 167,995,688,000 from RMB 177,811,016,000 as of December 31, 2023[4] - Current liabilities were RMB 164,670,533,000, a decrease from RMB 212,903,149,000 as of December 31, 2023[4] - The company reported a net asset value of RMB (1,772,335,000), improving from RMB (28,083,853,000) in the previous year[4] - The company’s total liabilities decreased to RMB 55.823 billion as of June 30, 2024, from RMB 57.060 billion as of December 31, 2023[27] - As of June 30, 2024, total assets amounted to approximately RMB 188.63 billion, down from RMB 199.37 billion as of December 31, 2023, while total liabilities decreased to approximately RMB 190.41 billion from RMB 227.46 billion[38] Revenue Sources - Total customer contract revenue for the six months ending June 30, 2024, was RMB 4.643 billion, with RMB 3.994 billion from property development and RMB 649.108 million from other sources[11] - Property development revenue accounted for 84.4% of total revenue, while other income from hotel operations and property investment contributed 13.7% and 1.9% respectively[32] - Total external segment revenue for the six months ended June 30, 2024, was RMB 4,734,241,000, with property development contributing RMB 3,994,187,000[14] Cost Management and Restructuring - The group has implemented rigorous cost control measures and is actively exploring potential asset sales to generate liquidity[8] - The group completed a comprehensive restructuring of significant offshore debt, resulting in a substantial deleveraging of its financial position[6] - The company completed a significant offshore debt restructuring on March 20, 2024, which relieved payment obligations of approximately RMB 45.083 billion[46] Market and Operational Strategy - The company continues to focus on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[5] - The group aims to accelerate the pre-sale and sale of ongoing and completed projects to improve cash flow and reduce operational expenses[8] - The group continues to ensure timely delivery of property projects, with most projects progressing as scheduled[7] Employee and Corporate Governance - As of June 30, 2024, the company employed approximately 3,678 employees, a decrease from 3,998 employees as of December 31, 2023[51] - The audit committee consists of Mr. Zhang Guoqiang (Chairman), Mr. Li Jingbo, and Mr. Huang Weiqiang, who reviewed the accounting principles and financial reporting matters for the six months ending June 30, 2024[52] Dividends and Shareholder Information - The company did not declare any dividends for the six months ending June 30, 2024, consistent with the previous year[8] - The company has not declared an interim dividend for the six months ended June 30, 2024, compared to no dividend declared for the same period in 2023[47] - The interim results announcement will be published on the Hong Kong Stock Exchange website and the company's website, with a comprehensive interim report to be sent to shareholders[53] - The company will disclose all necessary information required by listing rules in the interim report for the six months ending June 30, 2024[53]

Financial Performance - The company achieved property contract sales of approximately RMB 13.712 billion, with a contract sales area of about 1.304 million square meters in 2023[51]. - In 2023, the company's total revenue was approximately RMB 27.533 billion, an increase of about RMB 8.822 billion or 47.1% compared to RMB 18.711 billion in 2022[55]. - Property development sales revenue for 2023 was approximately RMB 24.964 billion, up by about RMB 9.611 billion or 62.6% from RMB 15.353 billion in 2022[55]. - The total area of delivered properties increased by 41.6% to 2.96 million square meters in 2023, compared to 2.09 million square meters in 2022[55]. - The average selling price per square meter rose by 15.0% to approximately RMB 8,434 in 2023, up from about RMB 7,335 in 2022[55]. - The company’s gross loss for 2023 was approximately RMB 1.454 billion, a decline of 272.9% compared to a gross profit of RMB 841 million in 2022, resulting in a gross loss margin of 5.3%[71]. - The company reported a net loss of approximately RMB 1.384 billion in other income, primarily due to foreign exchange losses of about RMB 570 million and losses from the sale of investment properties of approximately RMB 894 million[72]. Operational Initiatives - The company is actively promoting the "Double Hundred Action" to ensure the resumption of work and delivery of properties[51]. - The company focuses on integrating and revitalizing resources to maintain stable operations[51]. - The company aims to maintain stable operations and accelerate its return to sustainable development in 2024, focusing on delivering projects and enhancing operational efficiency[63]. - The company successfully completed its debt restructuring process, which significantly improved its net asset position and reduced debt pressure[69]. Environmental Sustainability - The group has implemented a water recycling system at construction sites to significantly improve water resource reuse rates[92]. - The group aims to reduce greenhouse gas emissions by adopting low-energy consumption building technologies[89]. - The group has established a climate response plan requiring local climate studies for all future projects to enhance property resilience against climate risks[113]. - The group reported a significant reduction in air pollutants: nitrogen oxides decreased from 177.86 kg in 2022 to 41.28 kg in 2023, sulfur dioxide from 1.57 kg to 0.64 kg, and particulate matter from 13.28 kg to 2.87 kg[133]. - The group has established a waste management mechanism for contractors to minimize waste and environmental impact[123]. - The group actively promotes green construction practices to minimize construction waste and environmental impact[84]. - The group has set annual environmental goals and work arrangements to promote sustainable development[84]. - The company has policies in place to reduce significant impacts on the environment and natural resources[165]. - The company identifies and addresses major climate-related issues that may affect its operations[166]. - The total amount of hazardous waste generated was measured in tons, with a focus on density per production unit[178]. - The company established emission reduction targets and outlined steps taken to achieve these goals[178]. - The total energy consumption was reported in kilowatt-hours, with density metrics provided per production unit[178]. - The total water consumption was reported, with density metrics provided per production unit[178]. Human Resources and Employee Welfare - The employee turnover rate for 2023 was 82%, an increase from 58% in 2022[110]. - The percentage of full-time employees remained at 100% in 2023, compared to 99.8% in 2022[105]. - The total number of employees in 2023 was 1,432, significantly lower than 14,375 in 2022, primarily due to changes in equity holdings and disclosure scope[111]. - The group has a clear human resources management system to ensure compliance with labor laws, with no significant violations reported during the reporting period[117]. - The group has set up a reward system for employees, including cash bonuses and paid leave for those achieving professional qualifications[128]. - The company distributed small gifts to employees' children during the Children's Day event, enhancing employee belonging and family happiness[142]. - The company adheres to various labor laws and regulations, including the Labor Law of the People's Republic of China, ensuring employee rights and competitive compensation[154]. - The company promotes a diverse and harmonious work environment, providing equal opportunities regardless of cultural background, gender, or religion[154]. - The company conducts various employee care activities, such as birthday parties and health-promoting events, to improve employee well-being and promote work-life balance[161]. - The group actively encourages employee health and well-being through various initiatives, including sports activities and mental health services[140]. - The group has a strict recruitment process to prevent the hiring of underage workers, with immediate action taken if violations are found[118]. - The company reported a total employee turnover rate categorized by gender, age group, and region[173]. - The average training hours completed per employee were categorized by gender and employee type[180]. - The company provides training and development opportunities to attract and retain talent, including programs for disabled individuals and recent graduates[154]. Compliance and Governance - The company complies with external laws and regulations related to product responsibility, including the Product Quality Law of the People's Republic of China[149]. - The company emphasizes community investment and adheres to the Charity Law of the People's Republic of China[163]. - The company is committed to anti-corruption measures, complying with various laws including the Anti-Money Laundering Law of the People's Republic of China[163]. - The company outlined its policies to prevent child and forced labor, including measures taken to eliminate violations[193]. - The company reported the percentage of products recalled for safety and health reasons from total sold or delivered products[185]. - The number of complaints received regarding products and services was documented[197]. - The group has established internal management policies to enhance resource efficiency and reduce environmental impact during office operations[87]. - The group has introduced measures to improve water efficiency, including setting water usage quotas with contractors[92].

Financial Performance - Total revenue for the year ended December 31, 2023, was RMB 27,333,914,000, an increase of 47.9% from RMB 18,459,360,000 in 2022[2] - The company reported a gross loss of RMB 1,453,712,000 for 2023, compared to a gross profit of RMB 840,882,000 in 2022[2] - The net loss for the year was RMB 9,640,627,000, which is a 13.4% increase from the net loss of RMB 8,496,026,000 in 2022[3] - Basic loss per share for 2023 was RMB 321.47, compared to RMB 264.47 in 2022[4] - Total revenue for 2023 was approximately RMB 27.533 billion, an increase of about RMB 8.822 billion or 47.1% compared to RMB 18.711 billion in 2022[88] - Property development revenue was approximately RMB 24.964 billion, up about RMB 9.611 billion or 62.6% from RMB 15.353 billion in 2022[88] Assets and Liabilities - Non-current assets decreased to RMB 21,560,472,000 in 2023 from RMB 25,061,353,000 in 2022, a decline of 13.5%[9] - Current assets decreased to RMB 177,811,016,000 in 2023 from RMB 203,512,682,000 in 2022, a decline of 12.7%[9] - Total liabilities decreased to RMB 212,903,149,000 in 2023 from RMB 236,888,559,000 in 2022, a decline of 10.1%[13] - The company’s equity attributable to shareholders was negative at RMB 32,181,479,000 in 2023, compared to negative RMB 22,717,415,000 in 2022[20] - The company’s total liabilities amounted to approximately RMB 227.455 billion as of December 31, 2023, down from RMB 252.063 billion a year earlier[94] - As of December 31, 2023, the group's bank and other borrowings amounted to RMB 71.76 billion, a decrease from RMB 76.29 billion as of December 31, 2022[98] Cash Flow and Financing - The company reported a significant increase in financing costs, which were RMB 287,558,000 in 2023 compared to RMB 427,772,000 in 2022[2] - The company’s cash and cash equivalents decreased to RMB 1,858,831,000 in 2023 from RMB 5,110,292,000 in 2022, a decline of 63.6%[9] - The group recorded a net cash outflow from operations for the year ended December 31, 2023[26] - The group has extended existing domestic financing arrangements totaling approximately RMB 16.739 billion to improve liquidity and cash flow[29] - The group is actively exploring potential asset sales to increase liquidity for debt repayment[30] - The group anticipates funding its construction cost commitments primarily through property sales and bank borrowings[101] Operational Highlights - Property contract sales for the group significantly declined in 2023, adversely affecting cash income from sales and pre-sales of properties[27] - The group aims to accelerate the pre-sale and sale of ongoing and completed projects to improve cash flow[30] - The total area of properties delivered increased by 41.6% to 2.96 million square meters, with the average selling price rising by 15.0% to approximately RMB 8,434 per square meter[88] - The group has prioritized the delivery of property development projects, with most projects progressing on schedule[30] Employee and Cost Management - The group employed 3,998 employees as of December 31, 2023, a significant reduction from 9,002 employees as of December 31, 2022[113] - The total employee costs decreased to RMB 695,927 thousand in 2023 from RMB 1,409,920 thousand in 2022, a reduction of approximately 50.7%[58] - The group continues to implement strict cost control measures to reduce unnecessary expenses[31] Tax and Other Expenses - The company reported a total tax expense of RMB 1,826,058 thousand in 2023, significantly higher than RMB 424,110 thousand in 2022, reflecting an increase of approximately 331.5%[60] - The company recognized a loss of RMB 1,600,959 from the sale of subsidiaries during the reporting period[47] - The company incurred a foreign exchange loss of RMB 569,937 in 2023, compared to a loss of RMB 2,835,381 in 2022, indicating a significant improvement[55] - Other income, gains, and losses for the year ended December 31, 2023, amounted to RMB 1,383,563, a decrease from RMB 3,731,073 in 2022[55] Restructuring and Future Outlook - The group has completed a significant restructuring of its offshore debt, which has notably reduced overall leverage and alleviated short-term liquidity pressure[26] - The restructuring plan included the issuance of new notes amounting to USD 1.8 billion and cash consideration of USD 2.87 million[107] - The group completed a restructuring on March 20, 2024, which involved the release of payment obligations related to RMB 42.87 billion in outstanding principal amounts of certain notes and borrowings[106] - The group has implemented several interest rate management policies to mitigate cash flow interest rate risks due to floating rate borrowings[98] Dividend and Reporting - The company did not recommend any dividend payment for the year ended December 31, 2023, consistent with the previous year[64] - The board recommended not to declare a final dividend for the year ended December 31, 2023, consistent with the previous year[114] - The company will publish its annual performance announcement and annual report on the Hong Kong Stock Exchange and its website[123] - The external auditor confirmed that the financial figures for the year ending December 31, 2023, are consistent with the consolidated financial statements[122]

Company Overview - China Aoyuan was listed on the Main Board of the Stock Exchange in October 2007, with stock code 3883[1]. - The Group focuses on the Guangdong-Hong Kong-Macao Greater Bay Area and has established an extensive urban redevelopment layout[1]. - The company covers four major regions: South China, core region of Central and Western China, East China, and Bohai Rim[1]. - China Aoyuan is recognized as a top player in urban redevelopment within the Greater Bay Area[1]. - The Group integrates related themes into real estate development to enhance customer experience[1]. Business Strategy and Vision - China Aoyuan aims to create a harmonious living experience and cultural value for customers through the concept of "building a healthy lifestyle"[1]. - The Group is committed to becoming a leader in health life while achieving sustainable and steady development[1]. - Future strategies include a focus on health-oriented living and sustainable development initiatives[1]. - The Group plans to focus on the Guangdong-Hong Kong-Macao Greater Bay Area and improve the quality of products and services in response to the stable real estate market outlook[27]. - The Group is committed to achieving sustainable growth despite challenging market conditions, aiming to contribute value to shareholders and society[27]. Financial Performance - During the reporting period, the Group achieved contracted property sales of approximately RMB 7.48 billion, with a total contracted GFA sold of approximately 819,000 sq.m.[22]. - The Group's total revenue for the reporting period was approximately RMB 10,941 million, representing a 25.1% increase from approximately RMB 8,745 million in the same period of 2022[28]. - Revenue from property sales amounted to approximately RMB 9,265 million, an increase of 23.6% from approximately RMB 7,494 million in the same period of 2022[29]. - The gross profit for the Group was approximately RMB 742 million, a significant increase of 373.1% from approximately RMB 157 million in the same period of 2022, with a gross profit margin rising from 1.8% to 6.8%[33]. - Loss attributable to owners of the Company was approximately RMB 2,945 million, reflecting a slight increase of 0.8% from approximately RMB 2,921 million in the same period of 2022[36]. Expenses and Liabilities - Total selling and distribution expenses decreased by 28.0% to approximately RMB 495 million from approximately RMB 687 million in the same period of 2022[35]. - Administrative expenses totaled approximately RMB 883 million, down 26.1% from approximately RMB 1,193 million in the same period of 2022[39]. - As of June 30, 2023, total liabilities were approximately RMB 242,353 million as of June 30, 2023, compared to approximately RMB 252,063 million as of December 31, 2022[42]. - The Group's borrowings amounted to approximately RMB 74,471 million as of June 30, 2023, a slight decrease from approximately RMB 76,294 million as of December 31, 2022[49]. - Contingent liabilities related to guarantees for mortgage facilities amounted to approximately RMB 81,028 million as of June 30, 2023, down from approximately RMB 95,373 million as of December 31, 2022[52]. Shareholder Information - As of June 30, 2023, Mr. Guo Zi Wen holds 1,660,925,625 shares, representing approximately 56.01% of the issued share capital[72]. - Ace Rise Profits Limited holds 1,395,201,062 shares, accounting for approximately 47.05% of the issued share capital[80]. - The company has complied with the corporate governance code as per the listing rules during the reporting period[68]. - The company appointed Mr. Huang Wei Qiang as an independent non-executive director effective February 24, 2023, ensuring compliance with the listing rules regarding the number of independent directors[69]. Debt and Restructuring - The company is engaged in a holistic financial restructuring to provide a sustainable capital structure, aiming to enhance long-term stakeholder value[109][110]. - The Group has negotiated a modified repayment arrangement for debts totaling approximately RMB 7,464 million, extending the repayment period to 2026[146][148]. - The Group is actively exploring asset disposal opportunities to create liquidity and alleviate debt issues[152]. - A restructuring support agreement has been reached with over 75% of senior noteholders, aimed at addressing liquidity issues and enhancing the Group's credit profile[146][148]. - The Group has entered into arrangements to extend the maturity of existing onshore financing involving borrowings of approximately RMB 19,751 million[146][148]. Operational Performance - As of June 30, 2023, the Group employed approximately 7,583 employees, a decrease from 9,002 employees as of December 31, 2022[113][116]. - The majority of the Group's property development projects are progressing according to schedule, ensuring timely completion and delivery[152]. - Measures are being implemented to accelerate the pre-sales and sales of properties, and to speed up the collection of outstanding receivables[152]. - The company reported a significant increase in property management services revenue, which totaled RMB 680,068,000 for the six months ended June 30, 2023[165]. Cash Flow and Assets - Cash and bank deposits were approximately RMB 3,374 million as of June 30, 2023, down from approximately RMB 5,110 million as of December 31, 2022[44]. - The Group's total bank balances and cash (including restricted bank deposits) were approximately RMB 6,937 million[137]. - The net cash used in operating activities was RMB 271,324, a significant reduction from RMB 5,257,880 in the previous year, reflecting improved cash flow management[132]. - The total investment properties at June 30, 2023, were RMB 12,509,273,000, a decrease from RMB 12,623,124,000 as of January 1, 2023[200]. Compliance and Governance - The company has maintained compliance with the standards for securities trading by its directors throughout the reporting period[68]. - The interests of directors and chief executives in securities have been disclosed in accordance with the relevant regulations[72]. - The audit committee has reviewed the accounting principles and practices adopted by the Group, ensuring compliance and accuracy in financial reporting[115][118]. - The company has ensured that the audit committee meets the minimum requirement of three members as per the listing rules[69].