新天地产集团年报2025

(Incorporated in Bermuda with limited liability)(Stock Code: 760) CONTENTS目錄 Corporate Information2Chairman’s Statement4Business and Financial Review8Biographical Details of Directors and Senior Management18Corporate Governance Report21Environmental, Social and Governance Report34Report of the Directors68Independent Auditor’s Report78Consolidated Statement of Profit or Loss and OtherComprehensive Income88Consolidated Statement of Financial Position90Consolidated Statement of Cash Flows92Consolidated Statement of Changes in Equity95Notes to the Consolidated Financial Statements97 CORPORATE INFORMATION公司資料 BOARD OF DIRECTORS Executive DirectorsZHANG Gao Bin(Chairman)LUO Zhangguan Non-executive DirectorZHOU Hanlu Independent Non-executive Directors LO Wai HungMAK Yiu TongFOK Chi Tat Michael COMPANY SECRETARYLEE Wai Kuen AUTHORIZED REPRESENTATIVESZHANG Gao BinLEE Wai Kuen AUDIT COMMITTEE LO Wai Hung(Chairman)MAK Yiu TongFOK Chi Tat Michael REMUNERATION COMMITTEE FOK Chi Tat Michael(Chairman)ZHANG Gao BinLUO ZhangguanLO Wai HungMAK Yiu Tong NOMINATION COMMITTEE ZHANG Gao Bin(Chairman)LUO Zhangguan (until 23 April 2026)ZHOU Hanlu (since 23 April 2026)LO Wai HungMAK Yiu TongFOK Chi Tat Michael AUDITORS 38135 CHENG & CHENG LIMITEDLevel 35, Tower 1Enterprise Square Five38 Wang Chiu RoadKowloon Bay, KowloonHong Kong Conyers, Dill & Pearman LEGAL ADVISER ON BERMUDA LAWConyers, Dill & Pearman REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM11Bermuda Clarendon House2 Church StreetHamilton HM11Bermuda PRINCIPAL PLACE OF BUSINESSIN HONG KONG A3A704 Unit A7043rd Floor, Tower A, New Mandarin PlazaNo. 14 Science Museum RoadTsim Sha Tsui EastHong Kong PRINCIPAL PLACE OF BUSINESS IN THE PRC 28121 21/F, No. 281 Linhe Dong RoadGuangzhou, PRC PRINCIPAL SHARE REGISTRAR Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM11Bermuda Conyers Corporate Services (Bermuda) LimitedClarendon House2 Church StreetHamilton HM11Bermuda HONG KONG BRANCH SHARE REGISTRAR 3382333301–04 Union Registrars Limited.Suites 3301–04, 33/FTwo Chinachem Exchange Square338 King’s Road, North Point,Hong Kong PRINCIPAL BANKERS Bank of Communications Co., Ltd. WEBSITEwww.760hk.com 760 STOCK CODE 760 (Main Board of The Stock Exchange of Hong Kong Limited) CHAIRMAN’S STATEMENT主席報告書 On behalf of the board of directors of Talent Property GroupLimited (the “Company”), I am pleased to present the auditedconsolidated results of the Company and its subsidiaries (the“Group”) for the year ended 31 December 2025. FINANCIAL RESULTS 241.8284.68.954.8B124.9121.2195.8138.5 The consolidated revenue and gross profit of the Group for2025 amounted to approximately RMB241.8 million (2024:RMB284.6 million) and RMB8.9 million (2024: RMB54.8 million),respectively. Revenue for this year was mainly attributable to thesales recognition of villas at Zone B of Xintian Banshan and theremaining unsold units of our Xuzhou Intelligent Industrial Town.Affected by the further downturn in the overall property market, adecrease in fair value and provision for impairment losses totallingRMB124.9 million (2024: RMB121.2 million) was recorded forour property portfolio. The loss attributable to owners of theCompany for 2025 increased to approximately RMB195.8 million(2024: RMB138.5 million). OPERATION REVIEW AND OUTLOOK In 2025, the process of global multipolarization accelerated,geopolitical conflicts and strategic rivalries persisted, and therise of trade protectionism led to a restructuring of global supplychains, altogether constraining the momentum of world economicgrowth. In this context, China’s economy has remained stablethrough “green foreign trade” (such as electric vehicles andlithium batteries), but domestic demand and private investmentremain in a recovery phase. The real estate market sector,undergoing transformation, has entered a period of structuraladjustment and is gradually building a stable and healthydevelopment model centered on the “essence of housing.” CHAIRMAN’S STATEMENT主席報告書 Xintian Banshan B68.1184.61,3003,10024.0BE In 2025, the divergence in Guangzhou’s luxurious housing marketperformance intensified. Although the Baiyun District’s high-end segments possess rare natural advantages with mountainand water views, as a non-core business district, they facedpricing and sales pressure amid weak overall demand. To ensuresteady cash returns, the Group adopted more flexible pricing andmarketing strategies for its flagship project Xintian Banshan inGuangzhou. During the year, the project focused on destockingthe villas at Zone B (known as), with sales revenue ofapproximately RMB68.1 million (2024: RMB184.6 million) andcorresponding gross floor area of approximately 1,300 sqm (2024:3,100 sqm) was recorded. As of the end of 2025, contractedsubscription amounting to approximately RMB24.0 million will berecognized as revenue in the coming year. Looking forward to2026, Guangzhou’s luxury hou