中国金茂2024 中期报告

( 於香港註冊成立的有限公司 )(Incorporated in Hong Kong with limited liability)股票代號Stock Code: 00817 目錄Contents 財務摘要封面內頁Financial HighlightsInside Cover公司資料1Corporate Information主席致辭3Chairman’s Statement管理層討論與分析9Management Discussion and Analysis中期財務資料審閱報告67Report on Review of Interim Financial Information中期簡明綜合財務資料69Interim Condensed Consolidated Financial Information中期簡明綜合財務資料附註80Notes to Interim Condensed ConsolidatedFinancial Information其他資料121Other Information 公 司 資 料CORPORATE INFORMATION Company NamePrincipal Office China Jinmao Holdings Group Limited Rooms 4702-470347th Floor, Office TowerConvention PlazaNo. 1 Harbour RoadWanchai, Hong Kong 1474702-4703 Mr. ZHANG Zenggen (Chairman)Mr. TAO Tianhai (Chief Executive Officer)Mr. ZHANG Hui (Senior Vice President)Ms. QIAO Xiaojie (Chief Financial Officer) Non-Executive Directors Mr. CHENG YongMs. CHEN AihuaMr. CHEN YijiangMs. WANG Wei Independent Non-ExecutiveDirectors Mr. SU XijiaMr. SUEN Man TakMr. GAO ShibinMr. ZHONG WeiMs. QIAO Xiaojie Chief Financial OfficerQualified AccountantCompany SecretaryAuthorised RepresentativesLegal Advisors Mr. LIAO Chi Chiun Mr. LIAO Chi Chiun Mr. ZHANG ZenggenMs. QIAO Xiaojie 818 Latham & Watkins LLP18/F, One Exchange Square8 Connaught PlaceCentral, Hong Kong 1373701-10 Jun He Law OfficesSuite 3701-10 Jardine House1 Connaught PlaceCentral, Hong Kong 35A509 Tian Yuan Law FirmUnit 509, Tower A, Corporate SquareNo. 35 Finance Street, Xicheng District,Beijing 9792700817 Ernst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s Road, Quarry Bay, Hong Kong00817 20246302024 25% 320241031 •REIT Dear shareholders, On behalf of the board of directors (the “Board”) of China Jinmao Holdings Group Limited (“China Jinmao” or the“Company”), I am pleased to present the interim report of the Company and its subsidiaries (the “Group”, “we” or“us”) for the six months ended 30 June 2024 (the “period under review”, “reporting period”, “first half of 2024” or“first half of the year”) for your review. Inthe first half of the year,China’s economic performance was generally stable with steady progress,solidlyadvancinghigh-quality development.However,the continued recovery of the economy was still facing manydifficulties and challenges. As a result, the real estate industry continued to decline. In the first half of the year,sales amount of new commodity housing fell by 25% year-on-year, the adjustment of which was far greater thanexpected. The holding business continued to be under pressure, while the growth of the service and constructiondecoration industry was limited. Although the central government introduced unprecedented easing policies and acomprehensive shift in regulation, the industry was still in the process of bottoming out, risks have not yet been fullycleared, and the enterprises were still struggling to survive, and the situation has not been fundamentally reversed.Facing severe internal and external situations, the Company firmly adhered to the annual work theme of “creationof three standards, joint collaboration, risk control, hard work, and win the turnaround”. In the first half of the year,production and operation were safe and stable, and the green barrier of the “three red lines” was maintained withstable contract amount in the industry. New projects achieved hot sales, product competitiveness was tested by themarket, and core performance indicators increased steadily. The Board resolved to distribute an interim dividend of HK3 cents per share to the shareholders of the Company andoffer the shareholders an option to receive the interim dividend in the form of scrip shares. The interim dividend isexpected to be distributed on or before Thursday, 31 October 2024. The Company will announce the details of thedistribution of interim dividend (including scrip dividend arrangements) as and when appropriate. The Company’s overall steady development has been benefited from the timely revision of the Company’s“14th Five-Year Plan” strategic plan and the efficient implementation by the team.Since last year, theCompany has clarified its strategic positioning of “building Jinmao into a city operator with excellent efficiency,moderate scale and leading quality”, and systematically proposed the development aim of “in-depth cultivation andfocus, as well as quality and efficiency improvement” and the implementation approach of “revitalising the existingprojects and optimising the additional projects”. Looking back at the results of strategic practice over the past year, ithas been fully proven that the Company’s plan is in line with the current external situation and its own developmentneeds. While the Company’s strategic direction is correct and its tactics are effectively implemented, the Companywill anchor its strategic goals and unswervingly implement the established strategic deployment. Implementingnational strategy and accelerating the construction of a new de