*ST中地: 中交地产股份有限公司审阅报告及备考财务报表

Core Viewpoint - The company is preparing pro forma financial statements in relation to a major asset restructuring plan, which involves transferring real estate development-related assets and liabilities to its controlling shareholder, China Communications Real Estate Group [5][6][7]. Group 1: Company Overview - China Communications Real Estate Co., Ltd. is registered in Chongqing and primarily engages in real estate development, property management, high-tech development, and equipment leasing [5]. - The company was established on February 3, 1993, and was approved for listing on the Shenzhen Stock Exchange in April 1997 [5]. - As of December 31, 2024, the company has issued a total capital of 747,098,401.00 yuan [5]. Group 2: Restructuring Plan - The company plans to transfer its real estate development-related assets and liabilities to its controlling shareholder, with the transaction price set at 1 yuan despite the assessed value of the assets being negative 297,604.13 million yuan [6][7]. - The transition period for the assets will be from the assessment base date until the end of the month of the delivery date, during which the profits and losses will be borne by the controlling shareholder [6]. Group 3: Financial Statement Preparation - The pro forma financial statements are prepared based on the assumption of going concern and in accordance with relevant regulations from the China Securities Regulatory Commission [6][8]. - The financial statements will not consider any potential taxes or fees arising from the transaction [8]. - The pro forma financial statements will only report and disclose pro forma financial information, excluding cash flow statements and changes in equity statements [9]. Group 4: Accounting Policies - The company adopts a cost model for investment properties and fixed assets, with depreciation calculated using the straight-line method based on the estimated useful life and residual value [23][24]. - Long-term equity investments are initially measured at cost, with adjustments made based on the company's share of the investee's net assets [21][22]. - The company recognizes revenue when control of the goods or services is transferred to the customer, with specific accounting treatments for contract assets and liabilities [30].