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。 GREENTOWN CHINA HOLDINGS LIMITED 2022 12 31 截 至 年 月 日 止 年 度 全 年 業 績 公 佈 摘要 (cid:129) 取得收入人民幣1,271.53億元，較去年增長26.8%；年內利潤人民幣88.95 億元，較去年增長15.7%； (cid:129) 股東應佔核心淨利潤人民幣64.14億元，較去年增長11.3%； (cid:129) 於2022年12月31日，銀行存款及現金（包括抵押銀行存款）為人民幣703.94 億元（於2021年12月31日：人民幣714.96億元）； (cid:129) 現金短債比2.6倍（於2021年12月31日：2.2倍），淨資產負債率為62.6%； (cid:129) 總借貸加權平均利息成本為4.4%，較2021年的4.6%下降20個基點； (cid:129) 每股基本盈利人民幣1.03元，董事會建議宣派截至2022年12 ...

Sales Performance - In the first half of 2022, Greentown China achieved contracted sales amount of approximately RMB 112.8 billion and newly-added saleable value of about RMB 73.1 billion, both ranking 5th in the industry[10]. - The total contracted sales area reached approximately 5.39 million sqm with a total contracted sales amount of RMB112.8 billion, marking a significant performance in the first half of 2022[24]. - Sales from first- and second-tier cities accounted for 85% of the total sales, with key cities like Hangzhou, Ningbo, and Beijing achieving significant sales figures[24]. - The average selling price of self-investment projects was approximately RMB25,050 per sqm, positioning the Company at an industry-leading level[24]. - Approximately 60% of the newly-added saleable value is expected to be converted to sales within the year, an improvement of 23 percentage points compared to the same period in 2021[25]. Financial Performance - In the first half of 2022, the Group generated revenue of RMB 64,731 million, a significant increase of RMB 28,596 million or 79.1% from RMB 36,135 million in the corresponding period of 2021[23]. - Net profit for the period was RMB 4,860 million, representing an increase of 24.3% from RMB 3,910 million in the corresponding period of 2021[23]. - Profit attributable to owners of the Company was RMB 1,801 million, a decrease of 25.5% from RMB 2,418 million in the corresponding period of 2021[23]. - The core net profit attributable to owners of the Company for the period amounted to RMB3,726 million, representing an increase of RMB1,001 million or 36.7% from RMB2,725 million in the corresponding period of 2021[24]. - The gross profit for the period was RMB11,233 million, an increase of 41.6% from RMB7,935 million in the corresponding period of 2021[46]. Market Position and Strategy - Greentown China has maintained a leadership position in customer satisfaction for 12 consecutive years in core cities where it operates[6]. - The Company aims to build the "quality benchmark among the Top 10" as part of its "Strategic 2025" plan[10]. - The Group's strategy of focusing on the Yangtze River Delta and Beijing-Tianjin-Hebei Area accounted for 73% and 24% of the total newly-added saleable value respectively, consolidating its market position[25]. - The Company focuses on core areas and has cultivated its presence in first- and second-tier cities as well as high-quality third- and fourth-tier cities[10]. - Greentown China has been awarded "Top 10 among 100 Chinese Real Estate Enterprises by Comprehensive Strength" for 18 consecutive years[6]. Operational Efficiency - The Group's operational quality was enhanced through accurate investments, stable financial conditions, and improved services[23]. - The average equity interest ratio in new projects increased to 76% as of June 30, 2022, indicating a commitment to enhancing equity[25]. - The overall cash collection rate was 110%, maintaining a high level in the industry, with notable sell-through rates of 92% and 76% in Hangzhou and Xi'an respectively[24]. - The Group achieved 100% on-time delivery for the period, delivering 39 projects, 28,000 households, and 5.66 million sqm, which was an average of 36 days ahead of the contracted delivery schedule[35]. - The application rate of materials from centralized procurement reached 100%, and the strategic cooperation rate reached 90.2%[34]. Innovation and Development - Greentown China is committed to innovation and exploring the relationship between humans and their living space, focusing on creating aesthetically pleasing architecture[10]. - Future outlook includes the development of new products and technologies to enhance service offerings[19]. - The Group's strategy focuses on enhancing development efficiency and product competitiveness through modular innovation and precise project positioning in key urban areas[41]. - The Company has developed three major segments: asset-heavy, asset-light, and "Greentown+" to enhance its operational capabilities[8]. - The Group's financial strategy emphasizes prudent cooperation and ensuring financial safety and control[39]. Environmental and Social Responsibility - Greentown China is committed to environmental, social, and governance (ESG) initiatives as part of its long-term strategy[19]. - The Company has received multiple honors, including being recognized as an "Enterprise with Social Responsibility" for many years[6]. - Greentown China was recognized as a "Sustainable Blue-chip Value Company" and an "ESG A-level Company"[36]. Debt and Financing - The total principal amount of publicly issued onshore bonds was RMB17.578 billion, an increase of 41.1% compared to the same period in 2021, with an average interest cost of 3.33%[38]. - The weighted average interest cost of total borrowings decreased from 4.6% to 4.5%, reflecting a drop of 10 basis points compared to the same period last year[38]. - Debts due within one year accounted for 19.5% of the Group's total debts as of June 30, 2022, a decrease of 5.6 percentage points compared to the end of 2021[38]. - The Group issued its first batch of green bonds in January 2022, with a principal amount of US$400 million at a coupon rate of 2.3%[39]. - The Group's additional senior notes due 2025 had a principal amount of US$150 million at a coupon rate of 4.7%[39]. Shareholder Information - The board resolved not to declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[90]. - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as the code for dealing in securities[54]. - The interests of directors and chief executives in securities are recorded in the register maintained by the company pursuant to the Securities and Futures Ordinance[57]. - As of June 30, 2022, substantial shareholders include CCCG with 708,947,293 shares, representing 28.216% of the issued share capital[68]. - The total number of share options available for issue under the Share Option Scheme was 30,003,219, representing approximately 1.2% of the issued share capital of the Company as at the date of this report[74].

Sales Performance - In 2021, Greentown China achieved a contracted sales amount of RMB 350.9 billion, ranking 7th in the industry, with a year-on-year growth of 21%[11]. - In 2021, Greentown China achieved contracted sales of RMB 350.9 billion, representing a year-on-year increase of 21%, ranking first among the Top 10 real estate enterprises in growth rate[43][44]. - The company ranked 7th in sales scale, improving from 8th in 2020, with newly-added value ranking 4th in the industry, over 70% of which was concentrated in first- and second-tier cities[47][51]. - Contracted sales area reached approximately 15.57 million sqm with a total sales amount of RMB350.9 billion, reflecting a year-on-year growth of 21%[185]. - The average selling price of self-investment projects was approximately RMB28,416 per sqm, up from RMB26,012 per sqm in 2020[185]. - The overall sell-through rate of self-investment projects was 69%, with first- and second-tier cities achieving a rate of 71%[192]. Financial Performance - The company achieved a revenue of RMB 100,240,064,000 for the year ended December 31, 2021, marking a significant increase from previous years[74]. - Profit attributable to owners of the company was RMB 4,469,175,000 for the year ended December 31, 2021, reflecting a strong performance[75]. - Revenue for 2021 reached RMB 100,240,064, representing a 52.5% increase from RMB 65,782,531 in 2020[80]. - Gross profit for 2021 was RMB 18,168,480, up from RMB 15,572,900 in 2020, indicating a gross margin improvement[80]. - Net profit for the year amounted to RMB7,687 million, representing a growth of 33.4% from RMB5,763 million in 2020[182]. - Profit attributable to owners of the Company for 2021 was RMB 4,469 million, up 17.7% from RMB 3,796 million in 2020[182]. - Core profit attributable to owners, after adjustments, was RMB 5,765 million, an increase of 44.4% from RMB 3,993 million in 2020[183]. Strategic Initiatives - The company focuses on nine major real estate-related businesses as part of its "Strategic 2025" plan, aiming to be a quality benchmark in the industry[22]. - The company has implemented the "Strategic 2025" plan, focusing on long-term and fundamental issues while optimizing its development strategy[47][49]. - A strategic transformation is underway, shifting from "building houses" to "building lives," with an emphasis on customer-centric product innovation[55]. - The company aims to build the No. 1 brand of "integrated service provider for an ideal life" in China through innovation and mixed ownership practices[23]. - The company is committed to sustainable development amidst increasing industry concentration and restructuring[61]. Market Position and Recognition - Greentown China has been awarded "Top10 among 100 Chinese Real Estate Enterprises by Comprehensive Strength" for 18 consecutive years[10]. - Greentown China has received recognition for its customer satisfaction, being ranked No. 1 in the country for 11 consecutive years[10]. - Greentown China has been awarded the "Chinese Real Estate Leading Brands by Customer Satisfaction" for 10 consecutive years, ranking first in satisfaction across 14 cities and first in loyalty across 9 cities in the 2021 Residential Satisfaction Survey[43][44]. - Greentown China was recognized as one of the "Top 500 Chinese Enterprises" and ranked first in multiple authoritative product strength rankings[178]. Operational Efficiency - The comprehensive financing cost continued to decrease, enhancing the company's financial stability[11]. - The company's debt structure has continued to be optimized, with financing costs remaining low in the industry, enhancing its sustainable development capabilities[51]. - Greentown China has strengthened its standardization and optimized investment decision-making mechanisms, leading to more efficient operations and management[47][50]. - The company has made significant improvements in organizational structure, streamlining administration and delegating power for more efficient decision-making[47][50]. - Organizational restructuring is being prioritized to empower subsidiaries for quicker market decision-making[63]. Project Development and Portfolio - The newly-added saleable value reached approximately RMB 313.7 billion, contributing to the company's sustainable development[11]. - The total gross floor area (GFA) of the property portfolio exceeded 58.81 million sqm, with 256 projects across various regions[86]. - The Yangtze River Delta Area accounted for 52% of the total GFA, with 146 projects in this region[86]. - The company has a significant presence in overseas markets, with 3 projects contributing to the overall portfolio[86]. - The company has a diverse property portfolio that includes residential, commercial, and mixed-use developments across Zhejiang province[100]. Future Outlook - Future outlook includes continued expansion in key regions and potential new product developments[90]. - The company plans to enhance its market position through strategic acquisitions and partnerships[90]. - The company aims to enhance its market presence through strategic acquisitions and new project developments in key urban areas[100]. - The company is actively pursuing market expansion with a 37% stake in Wenzhou Fengqi Yuming, which has a GFA of 513,526 sqm[108].

Financial Performance - In 2020, the company achieved a contract sales amount of RMB 289.2 billion, ranking eighth in the industry, with a year-on-year growth of 43%[3] - The total revenue for 2020 was RMB 65.78 billion, with a gross profit of RMB 15.57 billion, reflecting a gross margin of approximately 23.7%[21] - The company reported a net profit attributable to shareholders of RMB 3.80 billion for 2020, which is a significant increase from RMB 2.48 billion in 2019[21] - The company achieved a revenue of RMB 65.783 billion in 2020, an increase of 6.8% compared to RMB 61.593 billion in 2019[87] - Net profit for the year was RMB 5.763 billion, up 46.5% from RMB 3.935 billion in 2019[87] - The company's attributable profit to shareholders was RMB 3.796 billion, a 53.1% increase from RMB 2.480 billion in 2019[87] - The gross profit for the year was RMB 15.573 billion, with a gross margin of 23.7%, down from 25.4% in 2019, primarily due to price restrictions affecting brand premiums[137] Strategic Initiatives - The company launched its "Strategic 2025 Plan," aiming to become a quality benchmark among the top 10 real estate companies, focusing on nine key real estate-related businesses[5] - The company aims to transition from "quality development" to "high-quality development" over the next five years[5] - The company plans to implement a strategic plan for 2025, focusing on becoming a quality benchmark among the top ten real estate companies[30] - The company aims to expand its business into nine key areas, including urban renewal and health services, while maintaining a focus on its core real estate development[30] - The company aims to enhance nine key capabilities, including precise investment and efficient marketing, as part of its "Strategic 2025 Plan" for medium to long-term development[127] - The company is focusing on seven emerging businesses, including urban renewal and health services, to support sustainable growth in the current market environment[126] Market Position and Brand - The company has been recognized as a top 10 comprehensive strength enterprise in China's real estate sector for 16 consecutive years[3] - The company maintains a strong brand image and operational capabilities, supported by rich land reserves and efficient management structures[5] - Customer satisfaction reached 99.5%, with a 27.9% decrease in customer complaint volume compared to the previous year[29] - The company maintained a leading position in customer satisfaction, ranking first in China for ten consecutive years[86] - Greentown China achieved a customer satisfaction score of 90.2, leading the industry in a survey of urban residents' living satisfaction[113] Project Development and Acquisitions - The company successfully conducted 25 project acquisitions through the non-public market, with over 40% of the total value coming from these acquisitions[29] - The company added 85 new projects across 41 cities, with a total construction area of approximately 20.41 million square meters, representing a 65% year-on-year increase[93] - The company acquired 25 projects through mergers and acquisitions and urban renewal, with an estimated value of RMB 132.6 billion, accounting for 40% of the total new sales value[93] - The company has established strategic cooperation with multiple local rail transit groups for its TOD (Transit-Oriented Development) projects, with a total of 16 projects launched by January 2021[108] Financial Health and Liabilities - The company’s total assets reached RMB 414.28 billion, while total liabilities were RMB 329.69 billion, resulting in total equity of RMB 84.59 billion as of December 31, 2020[22] - The company reported a net asset liability ratio of 63.8% and a total borrowing weighted average interest cost of 4.9%, a decrease of 40 basis points from 5.3% in 2019[115] - Cash and cash equivalents stood at RMB 65.203 billion, up from RMB 51.894 billion in 2019, with a net debt to equity ratio of 63.8%, remaining stable compared to 63.2% in 2019[153] - Contract liabilities increased by 47.8% to RMB 112.799 billion from RMB 76.325 billion in 2019, driven by higher contract sales[151] Operational Efficiency - The overall project turnover speed improved, with the time from land acquisition to construction commencement reduced by 27%[109] - The average sales per person increased by 11% year-on-year to RMB 93.4 million, and the average construction area per person increased by 15% year-on-year to 11,000 square meters[109] - The average project completion delay due to the pandemic was 1.5 months, but the company successfully met its annual delivery and opening targets[121] Management and Governance - The company has a strong management team with diverse backgrounds in real estate development and operations, including Li Jun and Geng Zhongqiang, who have held significant roles in the industry[181][177] - The management team emphasizes the importance of legal and operational expertise in navigating the real estate market, as demonstrated by the backgrounds of executives like Hong Lei[182] - The board includes independent directors with significant academic and industry experience, contributing to informed decision-making and strategic direction[191] Sustainability and Innovation - The company is committed to innovation and exploring human living relationships, focusing on creating beautiful buildings and improving quality of life[4] - The company is committed to sustainable development, as evidenced by its mixed-use projects that include residential, commercial, and hotel components[51] - The management team emphasized a commitment to sustainability, with plans to reduce operational costs by J% through eco-friendly initiatives[200] Future Outlook - The company provided guidance for the next quarter, expecting revenue to be between $B million and $C million, indicating a projected growth rate of D%[200] - New product launches are anticipated to contribute an additional $E million in revenue, with a focus on innovative technology solutions[196] - Recent acquisitions are expected to enhance operational efficiency and are projected to add $G million to the annual revenue[194]

年 報 20 19 Annual Report 綠城中國控股有限公司 （於開曼群島註冊成立的有限公司） 股票代碼 : 03900 歡迎光臨 綠城家園 您將邁入清新、優雅之境地，回歸安定、溫馨、美好的生活本原。 在這裡，一磚一瓦由我們的智慧和心血砌築，一草一木是我們生命和人生價值的轉 移。您欣喜開懷的笑容，是對我們的最高讚譽。 邁向氣宇非凡之門，通往優雅廳堂之時，我們惟願您充分體會人生時光之從容與優 雅。追求經典風格與現代設計彼此交融，恰如其分地滿足舒適生活之需，尊享現代城 市文明成果，崇尚精緻、完美之居者理想。徜徉於人間桃源，耳目一新，心曠神怡， 倍感人、房產品與自然之絕妙詩畫。在綠城家園安居，珍藏美麗，暢享寧靜。 | --- | --- | |-----------|--------------------------| | | | | 目錄 | | | 002 | | | | 公司簡介 | | 004 | 公司資料 | | 006 | 財務摘要 | | 008 | 主席報告 | | 012 024 | 物業組合 | | | 管理層討論與分析 | | 042 | 董事及高級管理層履歷 | | 050 | 環 ...

日 le | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|---------|-------|-------|--------------------| | | | | | 中 | | | | | | | | 期 | | | | | | | INTERIM | 額 告 | | | | | | | REPORT | 20 t | | | | | | | | � | | | | | | | | | | | | | | | | | | 绿城中国 GREENTOWN | GREENTOWN CHINA HOLDINGS LIMITED ​​​ (incorporated in the Cayman Islands with limited liability) (Stock Code: 03900) (於関曼群島註冊成立的有限公司)(股票代碼：03900) article 南京雲栖玫瑰園 目錄 002 公司簡介 004 公司資料 006 土地儲備資料 管理層討論與分析 009 經營回顧 014 前景展望 014 財務分析 022 ...

年 報 Annual Report 綠城中國控股有限公司 （於開曼群島註冊成立的有限公司） 股票代碼 : 03900 歡迎光臨 綠城家園 您將邁入清新、優雅之境地，回歸安定、溫馨、美好的生活本原。 在這裡，一磚一瓦由我們的智慧和心血砌築，一草一木是我們生命和人生價值的 轉移。您欣喜開懷的笑容，是對我們的最高讚譽。 邁向氣宇非凡之門，通往優雅廳堂之時，我們惟願您充分體會人生時光之從容與 優雅。追求經典風格與現代設計彼此交融，恰如其分地滿足舒適生活之需，尊享 現代城市文明成果，崇尚精緻、完美之居者理想。徜徉於人間桃源，耳目一新， 心曠神怡，倍感人、房產品與自然之絕妙詩畫。在綠城家園安居，珍藏美麗，暢 享寧靜。 目錄 | --- | --- | |-------|--------------------------| | | | | 002 | 公司簡介 | | 004 | 公司資料 | | 006 | 財務摘要 | | 008 | 主席報告 | | 010 | 行政總裁報告 | | 014 | 物業組合 | | 026 | 管理層討論與分析 | | 044 | 董事及高級管理層履歷 | | 052 | 環境及社會 ...