Financial Performance - Country Garden Holdings achieved a tax payment of RMB 65.3 billion in 2020, highlighting its significant contribution to the economy[7]. - The company reported revenue of approximately RMB 234.93 billion and a net profit of approximately RMB 22.42 billion for the same period, with core net profit attributable to shareholders of approximately RMB 15.22 billion[28]. - The company reported a year-on-year increase in user data, with a 15% growth in customer inquiries and engagement[56]. - The company reported a significant increase in the fair value of financial assets, with level 3 financial instruments rising from RMB 4.61 billion at the beginning of the year to RMB 9.08 billion by June 30, 2021[155]. - The company reported a net loss from financial assets and contract assets impairment of RMB 551 million for the six months ended June 30, 2021, compared to RMB 854 million in the previous year[164]. - The company reported a profit of RMB 14,132 million for the period, compared to a profit of RMB 14,132 million in the previous year, indicating stable performance[194]. - The company’s financial assets at fair value through profit or loss showed a significant change with a gain of RMB 1,091 million in 2021, compared to a loss of RMB 136 million in 2020[195]. Social Responsibility and Community Engagement - The company has participated in poverty alleviation and rural revitalization efforts, helping 490,000 people escape poverty[7]. - Country Garden has invested over RMB 9 billion in social charity since its inception, demonstrating its commitment to social responsibility[7]. - Cumulative public welfare donations by the company have exceeded RMB 9 billion, assisting 490,000 people in poverty alleviation across 16 provinces and 57 counties[33]. Market Position and Growth Strategy - Country Garden ranked 139th on the Fortune Global 500 list in August 2021, reflecting its strong market position[14]. - The company aims to enhance its real estate business through financial integration and community resource platforms, focusing on a full lifecycle industry chain[14]. - The company is focused on expanding its market presence and enhancing its project portfolio through strategic land acquisitions and development initiatives[40]. - The company is committed to improving operational efficiency, aiming for a 10% reduction in construction costs through innovative technologies[56]. - The company plans to expand its market reach through strategic partnerships and acquisitions in the coming years[60]. Project Development and Construction - The company has a total of 3,157 projects at various development stages, with 3,127 located in mainland China and 30 outside of mainland China[47]. - The company has a significant number of projects under construction, with a total saleable area of 2,168,426 square meters in "Lanzhou Country Garden" expected to be completed by Q4 2025[48]. - The company has ongoing projects with a total saleable area of 1,997,775 square meters in "Shanhu City," with 1,632,608 square meters completed and delivered[48]. - The company is implementing a smart construction system integrating construction robots, BIM technology, and new prefabricated buildings to improve safety, quality, and efficiency in construction[31]. - The company is actively pursuing new technology developments to enhance project efficiency and customer satisfaction[60]. Financial Health and Debt Management - The company maintained a cash balance of approximately RMB 186.24 billion as of June 30, 2021, with total borrowings reduced to RMB 324.24 billion and a net gearing ratio of 49.7%, down 5.9 percentage points from the end of the previous year[28]. - The net debt ratio improved from approximately 55.6% on December 31, 2020, to approximately 49.7% on June 30, 2021[83]. - The company raised RMB 69,622 million from bank and other borrowings, compared to RMB 59,191 million in the previous year[140]. - The total amount of bank and other borrowings was RMB 227.25 billion, with RMB 75.33 billion due within one year[150]. - The company’s non-current liabilities included RMB 71,017 million in priority notes as of June 30, 2021, up from RMB 63,153 million as of December 31, 2020[183]. Sustainability and Innovation - The company emphasizes sustainable development, having published sustainability reports for 12 consecutive years to disclose its vision, strategies, and practices in this area[33]. - The company is committed to sustainable development practices in its construction projects, aligning with market trends[60]. - The company is exploring opportunities for mergers and acquisitions to strengthen its market position and diversify its portfolio[66]. - The company aims to strengthen competitive advantages by leveraging brand recognition and customer reputation while ensuring quality and safety in construction[94]. Shareholder Information and Governance - The board of directors consists of experienced members, including the chairman and co-chairman, ensuring strong governance and accountability[97]. - The largest shareholder, Bestwin Limited, holds 13,250,074,919 shares, representing 60.09% of the total issued shares[104]. - The company has not received any notifications from other individuals regarding holdings of 5% or more as of June 30, 2021[104]. - The company has issued a total of 696,666,627 call options, with the adjusted strike price at HKD 15.36 per option[117].

Financial Performance - Country Garden reported a revenue of approximately 122.979 billion RMB for the fiscal year 2020, reflecting a year-on-year increase of 10%[56]. - The company's revenue for the year was approximately RMB 462.86 billion, with a gross profit of approximately RMB 100.91 billion and a net profit of approximately RMB 54.12 billion[62]. - The company's revenue for 2020 was approximately RMB 462,856 million, a decrease of about 4.7% from RMB 485,908 million in 2019[135]. - Revenue from real estate development in 2020 decreased by 5.4% to approximately RMB 449,341 million, compared to RMB 475,012 million in 2019[135]. - Construction revenue increased by 41.2% to approximately RMB 8,779 million in 2020, up from RMB 6,219 million in 2019[137]. - The average selling price of delivered properties in 2020 was approximately RMB 7,980 per square meter, down from RMB 8,407 per square meter in 2019[135]. - Profit attributable to shareholders decreased by 11.4% from approximately RMB 39,550 million in 2019 to approximately RMB 35,022 million in 2020[138]. - Core net profit attributable to shareholders reached approximately RMB 32,362 million in 2020, a decline of 19.3% from approximately RMB 40,124 million in 2019[138]. Market Presence and Expansion - The company continues to expand its market presence across all provinces and municipalities in China, enhancing its development projects[21]. - Future outlook includes a focus on expanding its market presence and exploring potential mergers and acquisitions to drive growth[56]. - Country Garden is actively pursuing market expansion strategies, particularly in the Greater Bay Area, to enhance its competitive position[175]. - The company is focusing on expanding its footprint in various regions, including significant projects in cities like Wuxi and Yancheng[107]. - The company plans to expand its market presence by launching new projects in emerging cities, targeting an increase in market share by 15% over the next two years[118]. Social Responsibility and Community Engagement - Country Garden is committed to social responsibility, having donated over RMB 8.7 billion to charitable causes since its inception[10]. - The company has participated in poverty alleviation efforts, helping 490,000 people escape poverty through its initiatives[10]. - The company has established a dedicated poverty alleviation team of nearly 200 members, expanding its support to 57 counties across 16 provinces[60]. - The company plans to continue participating in rural revitalization through commercial initiatives, enhancing farmers' productivity and income[60]. - The company emphasizes a commitment to social responsibility, aiming to improve societal well-being through its operations[41]. Governance and Leadership - The board of directors includes key figures such as Yang Guoqiang (Chairman) and Mo Bin (President), ensuring strong leadership[51]. - The company has established a robust governance structure with various committees to oversee financial and operational integrity[52]. - The company has a strong focus on corporate governance, with multiple committees overseeing different aspects of its operations[159]. - The board consists of 7 executive directors, 1 non-executive director, and 5 independent non-executive directors as of December 31, 2020[188]. - The company has maintained compliance with the corporate governance code, with no violations reported in 2020[186]. Technological Innovation and Development - Country Garden has established a robotics division, focusing on the development of construction robots and smart building technologies[6]. - The company is actively involved in modern agriculture, utilizing advanced unmanned equipment to improve agricultural productivity and quality[9]. - The company aims to enhance its market position through the development of high-tech integrated products in real estate, robotics, and modern agriculture[49]. - The company has submitted 2,997 patent applications, with 956 granted, focusing on construction robots and digital technology[69]. - Ongoing research and development efforts are aimed at integrating advanced technologies into new projects, enhancing operational efficiency[175]. Project Development and Sales Performance - The company achieved a contract sales amount of approximately RMB 570.66 billion for the year ended December 31, 2020[62]. - The compound annual growth rate (CAGR) of attributable contract sales from 2016 to 2020 was 25%[74]. - In 2020, 81% of the attributable contract sales came from regions outside Guangdong Province, indicating successful regional diversification efforts[73]. - The distribution of contract sales by city type showed that 54% were from third and fourth-tier cities, 32% from second-tier cities, and 14% from first-tier cities[76]. - The company is actively expanding its market presence with multiple projects across various cities, indicating a robust growth strategy[101]. Financial Health and Debt Management - The net debt ratio for 2020 was 55.6%, compared to 46.3% in 2019[127]. - The group provided guarantees for mortgage loans amounting to approximately RMB 381,302 million as of December 31, 2020, compared to approximately RMB 348,154 million as of December 31, 2019[145]. - The group had bank and other borrowings of approximately RMB 207,323 million as of December 31, 2020, down from approximately RMB 252,793 million as of December 31, 2019[142]. - The company aims to reduce reliance on specific markets by enhancing penetration in different regional markets[143]. - The company is committed to maintaining a prudent financial policy and risk control measures to ensure quality construction and operational cash flow[149].

Financial Performance - Total revenue for the period reached approximately RMB 184.96 billion, with a gross profit of about RMB 44.89 billion[18]. - Core net profit attributable to shareholders was approximately RMB 14.61 billion[18]. - The total revenue for the first half of 2020 was approximately RMB 184,957 million, a decrease of about 8.4% compared to RMB 202,006 million in the same period of 2019[73]. - Revenue from real estate development decreased by 8.5% to approximately RMB 179,949 million, down from RMB 196,678 million in the same period of 2019[73]. - The average sales price of delivered properties was approximately RMB 8,116 per square meter, a decline from RMB 8,987 per square meter in the same period of 2019[73]. - The core net profit attributable to shareholders was approximately RMB 14,607 million, an 8.6% decrease from RMB 15,979 million in the same period of 2019[74]. - The company reported a profit of RMB 14,132 million for the six months ended June 30, 2020, compared to RMB 15,635 million for the same period in 2019, reflecting a decrease of approximately 9.6%[121]. - The company reported a basic earnings per share of RMB 0.66, compared to RMB 0.73 for the same period last year[118]. Operational Highlights - The company operates in 31 provinces/regions/municipalities, covering 288 prefecture-level cities and 1,334 counties/towns[19]. - The company ranked 147th on the Fortune Global 500 list, improving by 30 positions from the previous year[19]. - The group achieved equity contract sales of approximately RMB 266.95 billion in the first half of 2020, with a compound annual growth rate of 33.0% from 2016 to 2019[27]. - In the first half of 2020, 81% of the group's equity contract sales came from regions outside Guangdong Province, reflecting efforts in regional diversification[27]. - The group owns a total of 2,689 projects at various development stages, with 2,662 located in mainland China[36]. Financial Position - As of June 30, 2020, the group had cash and bank deposits of approximately RMB 205.52 billion, with an unused bank credit line of approximately RMB 328.81 billion[21]. - Total borrowings decreased to approximately RMB 342.04 billion, a 7.5% decline compared to the end of the previous year, with a weighted average borrowing cost reduction of 49 basis points[21]. - The group's net current assets were approximately RMB 252,597 million as of June 30, 2020, compared to RMB 232,765 million as of December 31, 2019[75]. - The net debt-to-equity ratio increased from approximately 46.3% as of December 31, 2019, to approximately 58.1% as of June 30, 2020[76]. - The company’s total liabilities as of June 30, 2020, were RMB 1,728,273 million, up from RMB 1,688,544 million as of December 31, 2019, representing an increase of about 2.4%[142]. Market and Strategic Initiatives - The company is actively involved in the robotics industry, developing practical and affordable high-tech products[5]. - The company aims to strengthen or integrate community-related businesses through financial means, enhancing the real estate industry chain[11]. - The company plans to flexibly adjust its operations based on market conditions while strictly controlling costs and expenses to enhance overall competitiveness[83]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[200]. - Market expansion plans include entering three new countries by the end of 2024, targeting a potential market of 10 million users[200]. Social Responsibility - The company has participated in social charity donations totaling over RMB 6.7 billion, assisting 337,000 rural poor to escape poverty[5]. - The group has participated in poverty alleviation efforts, helping 337,000 rural poor populations to escape poverty[25]. - The group has established a cumulative charitable donation of over RMB 6.7 billion, including a fund of RMB 200 million for COVID-19 relief efforts[25]. Project Development - As of June 30, 2020, the group has signed or acquired land with a total buildable area of approximately 26.58 million square meters in mainland China, with 80% located outside Guangdong Province[32]. - The land reserves are distributed by city type, with approximately 55% in third and fourth-tier cities, 33% in second-tier cities, and the remaining 12% in other areas[32]. - The company is committed to maintaining a robust pipeline of projects to support future revenue growth and market expansion[36]. - The company plans to expand its market presence with new projects in various regions, including Lanzhou and Wenzhou[46]. Shareholder Information - As of June 30, 2020, the total number of issued shares was 21,873,074,541, with 12,600,868,919 shares (57.60%) held by Bishi Limited, which is wholly owned by Yang Huiyan[98]. - The company declared an interim dividend of RMB 0.2055 per share, totaling RMB 4,528 million, compared to RMB 4,953 million for the interim dividend of RMB 0.2287 per share in 2019, representing a decrease of 8.6%[182]. - The company has a total of 591,000,000 USD in convertible bonds held by Li Guo Group Limited, which is wholly owned by Yang Guoqiang[94]. Future Outlook - The company provided an optimistic outlook for Q4 2023, projecting revenue growth of 15% to 20%[200]. - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year[200]. - The company aims to improve operational efficiency, targeting a 10% reduction in costs by Q1 2024[200].

Financial Performance - Country Garden reported a total revenue of approximately 100 billion RMB for the fiscal year 2019, reflecting a year-on-year increase of 15%[168]. - The company's total revenue for 2019 was approximately RMB 485,908 million, representing an increase of about 28.2% compared to RMB 379,079 million in 2018[102]. - Profit attributable to shareholders increased by approximately 14.2% to about RMB 39,550 million in 2019, up from approximately RMB 34,618 million in 2018[109]. - Core net profit attributable to shareholders reached approximately RMB 40,124 million in 2019, a growth of about 17.6% from approximately RMB 34,125 million in 2018[110]. - The company aims to achieve a net profit margin of 12% in the next fiscal year, up from 10% in the previous year[139]. - The average sales price of delivered properties in 2019 was approximately RMB 8,407 per square meter, a decrease from approximately RMB 8,550 per square meter in 2018[105]. - Real estate development revenue increased by 28.6% to approximately RMB 475,012 million in 2019, up from approximately RMB 369,405 million in 2018[105]. - The company plans to expand its market presence by entering three new regions in the upcoming fiscal year, targeting a 20% increase in market share[136]. Social Responsibility - Country Garden reported a tax amount of RMB 70.2 billion for the year 2019, reflecting its commitment to social responsibility[2]. - The company has participated in social charity donations totaling over RMB 6.4 billion, actively engaging in poverty alleviation and rural revitalization efforts[2]. - The company has been recognized with multiple awards for its contributions to charity and poverty alleviation, enhancing its corporate reputation[121]. Market Position and Growth - Country Garden ranked 177th on the Fortune Global 500 list in July 2019, indicating its strong market position[9]. - The company has been listed in the Fortune Global 500 for three consecutive years since 2017, ranking 177th in 2019, an increase of 176 places from 2018[37]. - The company aims to maintain a robust growth trajectory through strategic planning and execution of new projects[72]. - The company is focusing on expanding its market presence through new developments and strategic acquisitions[74]. Project Development and Sales - The company achieved a contract sales amount of approximately RMB 552.2 billion for the year ended December 31, 2019, covering 31 provinces, 282 prefecture-level cities, and 1,299 counties/towns in mainland China[37]. - The group has a total land reserve of approximately 25.86 million square meters, with 79% located outside Guangdong Province[56]. - The group has submitted a total of 1,843 patent applications, with 327 granted, focusing on key technologies in construction robotics[41]. - The company has ongoing projects with significant saleable areas, including "Foshan Country Garden Emerald Bay" with 530,818 square meters total saleable area[68]. - The company is focused on enhancing its project portfolio with a mix of completed, under construction, and planned projects to drive future growth[68]. Financial Health and Assets - The company's total current assets reached RMB 1,631,517 million in 2019, compared to RMB 1,399,750 million in 2018[91]. - The net debt ratio improved to 46.3% in 2019 from 49.6% in 2018[91]. - As of December 31, 2019, the group's available cash balance reached a record high of approximately RMB 268.35 billion, with a net gearing ratio of 46.3%, a year-on-year decrease of 3.3 percentage points[40]. - The total non-current assets increased to RMB 275,635 million in 2019 from RMB 229,944 million in 2018[91]. Management and Governance - The company has a strong management team with over 26 years of project development experience, ensuring effective oversight of real estate projects[126]. - The management team emphasizes maintaining good corporate governance practices and ensuring the board operates effectively[121]. - The board consists of 7 executive directors, 1 non-executive director, and 5 independent non-executive directors as of December 31, 2019[145]. - The company has implemented a "shared partnership" system to align employee interests with corporate goals, enhancing operational cost control and profitability[117]. Risk Management - The company has established a risk management framework based on the COSO internal control framework to enhance its risk management capabilities[185]. - The risk management internal committee is responsible for reviewing the company's risk tolerance and management strategies, reporting to the audit committee[188]. - The company aims to ensure the reliability of financial reporting and compliance with applicable laws and regulations through its risk management and internal control systems[184]. Future Outlook - The company anticipates significant growth in the upcoming quarters, with multiple projects expected to complete construction and delivery[77]. - The company is investing in new technology development, allocating $500 million towards R&D initiatives aimed at enhancing operational efficiency[137]. - The company plans to optimize project location layouts and strengthen contract sales and cash collection to ensure good operational cash flow and investment returns[118].

Financial Performance - The company achieved a contract sales amount of approximately RMB 281.95 billion for the six months ended June 30, 2019[10]. - The company achieved a total revenue of approximately RMB 202.01 billion, with a gross profit of about RMB 54.86 billion, and a net profit of around RMB 23.06 billion, representing year-on-year growth of 53.2%, 56.9%, and 41.3% respectively[11]. - The company’s revenue for the first half of 2019 was approximately RMB 202,006 million, an increase of about 53.2% compared to RMB 131,894 million in the same period of 2018[58]. - Revenue from real estate development rose by 55.0% to approximately RMB 196,678 million, up from RMB 126,885 million in the first half of 2018[59]. - The profit attributable to shareholders increased by 20.8% to approximately RMB 15,635 million, up from RMB 12,939 million in the first half of 2018[63]. - The company reported a basic earnings per share of RMB 0.73, compared to RMB 0.60 in the previous year, which is an increase of approximately 21.7%[115]. - The total comprehensive income for the six months ended June 30, 2019, was RMB 23,242 million, an increase of 46.5% compared to RMB 15,877 million for the same period in 2018[117]. - The company reported a net cash outflow from investing activities of RMB 37,888 million for the first half of 2019, compared to RMB 6,971 million in the same period of 2018[122]. Market Presence and Expansion - As of June 30, 2019, the company's business covered 31 provinces, autonomous regions, and municipalities in mainland China, as well as 279 prefecture-level cities[10]. - The company is focusing on smart manufacturing and robotics to enhance construction efficiency and quality while reducing emissions[13]. - The company is actively expanding its project portfolio, with a focus on regions such as Zhejiang, Sichuan, and Hunan[20]. - The company is expanding its market presence with new projects in various cities, including a total of 534,872 square meters in Xianyang[32]. - The company has ongoing projects in multiple regions, including a total of 1,995,771 square meters in Qingyuan, with 963,760 square meters already completed[32]. - The company is committed to enhancing its market position through strategic project development and expansion in key urban areas[20]. Financial Position and Stability - As of June 30, 2019, the company had available cash of approximately RMB 222.84 billion and a net gearing ratio of 58.5%, maintaining a stable financial position[12]. - The group’s total borrowings as of June 30, 2019, included approximately RMB 221,865 million in bank and other borrowings, RMB 57,465 million in preferred shares, RMB 47,336 million in corporate bonds, and RMB 5,223 million in convertible bonds[64]. - The net debt-to-equity ratio decreased from approximately 59.0% on June 30, 2018, to approximately 58.5% on June 30, 2019[64]. - The company’s cash flow management strategy includes maintaining a cash balance of RMB 222,836 million, which is subject to restrictions[181]. - The total liabilities as of June 30, 2019, amount to RMB 888.351 billion, with current liabilities of RMB 636.807 billion[142]. Corporate Governance and Social Responsibility - The company has adopted a corporate governance code to ensure transparency, accountability, and independence in its operations[74]. - The company has participated in social charity donations totaling over RMB 5.5 billion, assisting 336,000 rural poor people in poverty alleviation[5]. - Cumulative charitable donations by the company and its family members have exceeded RMB 5.5 billion, demonstrating a commitment to social responsibility[13]. - The group has implemented a partner system to align employee interests with company interests, enhancing operational cost control and profitability[71]. Shareholder Information - As of June 30, 2019, the total number of issued shares was 21,660,382,667[84]. - Executive director Yang Huiyan held 12,388,274,943 shares, accounting for 57.19% of the total issued shares[80]. - The company granted 13,521,068 share options under the 2017 share option plan, with a fair value of approximately RMB 140 million[87]. - The company has no other shareholders holding 5% or more of the shares as of June 30, 2019, apart from those disclosed[85]. Project Development and Construction - The company has signed or acquired land with a buildable area of approximately 263.14 million square meters, with 79% located outside Guangdong Province[18]. - The company has a total of 1,021,512 square meters of saleable area in the Guangzhou project, with 357,851 square meters already completed[32]. - The total saleable area for the Foshan project is 1,445,119 square meters, with 310,462 square meters completed[32]. - The company has ongoing projects with expected completion dates extending into 2023, indicating a long-term growth strategy[29]. Financial Risk Management - The financial risk management plan focuses on mitigating market risks, including currency, cash flow interest rate, and fair value interest rate risks[140]. - The company utilizes derivative financial instruments to hedge specific risks, indicating a proactive approach to financial risk management[140]. - The company has not made significant changes to its risk management policies during the reporting period[140].

Financial Performance - For the year ended December 31, 2018, the company achieved a contract sales amount of approximately RMB 501.88 billion attributable to shareholders[27]. - The company reported total revenue of approximately RMB 379.08 billion, with a gross profit of approximately RMB 102.48 billion and a net profit of approximately RMB 48.54 billion[27]. - The profit attributable to shareholders was approximately RMB 34.62 billion, with a core net profit of approximately RMB 34.13 billion, representing year-on-year growth of 32.8% and 38.2% respectively[27]. - The company recorded consolidated real estate sales cash collection of approximately RMB 541.29 billion, achieving positive net operating cash flow for the third consecutive year since 2016[29]. - The company emphasizes stable financial performance as a driving force for its progress[29]. - The company reported a significant increase in revenue, achieving a total of 100 billion RMB, representing a year-on-year growth of 15%[89]. - Total revenue for 2018 reached RMB 379,079 million, a significant increase from RMB 226,900 million in 2017, representing a growth of approximately 67%[57]. - The net profit attributable to shareholders for 2018 was RMB 34,618 million, compared to RMB 26,064 million in 2017, reflecting an increase of approximately 33%[57]. - The basic earnings per share for 2018 was RMB 1.61, up from RMB 1.23 in 2017, marking a growth of around 31%[61]. - The net debt ratio for 2018 was 49.6%, a decrease from 56.9% in 2017, indicating improved financial stability[58]. Market Position and Growth Strategy - As of December 31, 2018, Country Garden was ranked 353rd on the Fortune Global 500 list, indicating its strong market position[15]. - The company aims to enhance its real estate business by integrating community-related services and creating a comprehensive resource platform[15]. - Country Garden's strategic focus includes expanding its presence in high-growth economic regions across China[15]. - The company is actively investing in smart manufacturing and agricultural technology to improve efficiency and product quality[4]. - The company aims to enhance competitiveness through the integration of robotics in construction, which is expected to improve safety, quality, and efficiency[33]. - The company is focusing on expanding its market presence in key regions, including Xi'an and Lanzhou, which have shown strong demand[46]. - The company plans to enhance its product offerings with new developments in technology and design to meet market needs[46]. - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its portfolio[46]. Social Responsibility and Community Engagement - Country Garden has participated in social charity donations exceeding RMB 4.8 billion, focusing on poverty alleviation and rural revitalization efforts[4]. - The company is committed to creating value for society through sustainable operations and long-term business development[29]. - The company is committed to social value creation, having participated in charitable donations benefiting 336,000 rural poor individuals[33]. - The company has been recognized for its contributions to charity and social responsibility, enhancing its corporate image and stakeholder relations[78]. Operational Efficiency and Development - The company operates in approximately 31 provinces, autonomous regions, and municipalities in mainland China, covering 269 prefecture-level cities and 1,156 counties and towns[27]. - The company has a total land bank of approximately 240.64 million square meters, with 76% located outside Guangdong Province[42]. - 53% of the land bank is under construction, while 26% has been pre-sold, indicating ongoing development activity[42]. - The company operates 2,165 projects at various stages of development, with 2,148 located in mainland China[43]. - The company has ongoing projects with a total saleable area of 2,867,831 square meters expected to be completed in the fourth quarter of 2021[47]. Governance and Management Structure - The company has a strong governance structure with a board consisting of 8 executive directors and 5 independent non-executive directors, ensuring high transparency and accountability to shareholders[104]. - The management team has extensive experience in real estate development and management, with key executives having over 25 years of industry experience[100]. - The company has established clear responsibilities for the chairman and president to enhance accountability and independence[119]. - The board of directors is committed to providing a balanced and clear assessment of the group's status and prospects in financial disclosures[147]. - The company has implemented a comprehensive training program for all newly appointed directors to ensure they are well-informed about their roles and responsibilities[116]. Environmental Responsibility - The company has committed to environmental policies focusing on reducing negative impacts from construction and promoting green building practices[161]. - The company has adhered to local environmental laws and tailored project designs to minimize ecological impacts[161]. - The company’s environmental responsibility is reflected in its commitment to sustainable development, as detailed in its independent sustainability report[161]. Future Outlook and Projections - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[97]. - New product launches are expected to contribute an additional 5 billion RMB in revenue over the next year[91]. - The company plans to maintain transparent communication with investors through various channels, including phone, email, and online platforms, to foster long-term trust[152]. - The company is focused on future development opportunities and has outlined significant risks and uncertainties faced in the market[159].