中国三迪2023年报

(incorporated in bermuda with limited liability)Stock code910 ContentsContents Corporate Information2Chairman’s Statement4Management Discussion and Analysis6Corporate Governance Report31Report of the Directors55Independent Auditor’s Report88Consolidated Statement of Profit or Loss andOther Comprehensive Income98Consolidated Statement of Financial Position100Consolidated Statement of Changes in Equity102Consolidated Statement of Cash Flows104Notes to the Consolidated Financial Statements107 Corporate Information EXECUTIVE DIRECTORS Amika Lan E Guo Mr. Guo Jiadi(Chairman)Ms. Amika Lan E GuoMr. Wang Chao INDEPENDENT NON-EXECUTIVE DIRECTORS Mr. Chan Yee Ping, MichaelMr. Lam Wai Fung, DominicMs. Ma Shujuan (retired on 15 June 2023)Ms. Wong Wai Man (appointed on 15 June 2023) REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS Office Unit E, 9/F, Golden Sun Centre59-67 Bonham Strand WestSheung WanHong Kong 59-679E COMPANY SECRETARYMs. Ho Wing Tsz, Wendy AUDITOR Moore CPA Limited(formerly known as Moore Stephens CPA Limited)Certified Public AccountantsRegistered Public Interest Entity Auditors HONG KONG LEGAL ADVISERLoong & Yeung 2China Sandi Holdings LimitedAnnual Report 2023 Corporate Information PRINCIPAL BANKERS Bank of China LimitedChina Everbright Bank Co., Ltd.Bank of Nanjing Co., Ltd.Hua Xia Bank Co., Ltd.Shanghai Pudong Development Bank Co., Ltd. PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM 11Bermuda BRANCH SHARE REGISTRAR AND TRANSFEROFFICE 1617 Tricor Tengis Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong 910 STOCK CODE910 WEBSITEwww.chinasandi.com.cn www.chinasandi.com.cn Chairman’s Statement Dear Shareholders, On behalf of the board (the “Board”) of directors (the“Directors”), I am pleased to present the annual report of ChinaSandi Holdings Limited (the “Company”) and its subsidiaries(collectively referred to as the “Group”) for the year ended31 December 2023 (the “reporting period” or the “Year” or“2023”). RESULTS 3,302,800,0004.2%509,900,00046.7%464,600,0009.130.83842,100,00092,60163.0%55.8% Forthe Year,the Group recorded a total revenue ofapproximately RMB3,302.8 million, representing a decreaseof approximately 4.2% as compared with the year ended31 December 2022 (the “previous reporting period” orthe “Previous Year” or “2022”). The gross profit for theYear was approximately RMB509.9 million, representingadecrease of approximately 46.7%as compared withthe Previous Year. The loss attributable to the owners oftheCompany for the Year amounted to approximatelyRMB464.6million.Basic losses per share was RMB9.13cents (2022: earnings per share of RMB0.83 cents). Thecontracted property sales of the Group for the Year wasapproximately RMB842.1 million with contracted gross floorarea (“GFA”) of approximately 92,601 square meters (“sq.m.”), representing a decrease of approximately 63.0% incontracted sales and approximately 55.8% in contracted GFAas compared with the Previous Year. REVIEW OF THE REPORTING PERIOD In 2023, the relaxation of housing policies has providedashort-term impetus.However,due to the impact ofmacroeconomic and the event risks by real estate enterprises,the confidence of buyers has not been fully restored, andthe effect of policies remains to be observed. Accordingto the data from the National Bureau of Statistics, fromJanuaryto December 2023,the national sales area ofcommercial properties was approximately 1,117.35 millionsq.m., decreased by approximately 8.5% as compared withthe same period last year; the sales amount of commercialproperties was approximately RMB11,662.2 billion, decreasedby approximately 6.5% as compared with the same periodlast year. 1,117,350,0008.5%11,662,200,000,0006.5% Under the continuous downturn of the real estate market,the Group adhered to the development keynote of seekingprogress in a stable manner, ensuring the developmentand delivery of projects, proper cash flow managementand consolidation of strategic layout advantages to form avirtuous cycle. Chairman’s Statement PROSPECTS The main macroeconomic theme for China in 2024 will be“full recovery”; 2023 was the first year of recovery fromthe epidemic, 2024 will be a year of continued recovery,and will see a shift to “full recovery”. In respect of the realestate market, policies to solve the financing difficulties ofreal estate enterprises, such as the financing “white list” and“three no less than” have been implemented successively,the reasonable financing needs of real estate enterprises havebeen basically satisfied, and the confidence of high-qualityreal estate enterprises has been gradually restored. APPRECIATION On behalf of the Board, I would like to thank