深深房Ｂ：2021年年度报告（英文版）（更新后）.PDF

《深深房Ｂ：2021年年度报告（英文版）（更新后）.PDF》由会员分享，可在线阅读，更多相关《深深房Ｂ：2021年年度报告（英文版）（更新后）.PDF（213页珍藏版）》请在淘文阁 - 分享文档赚钱的网站上搜索。

1、ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Annual Report 2021 1 SHENZHEN SPECIAL ECONOMIC ZONE REAL ESTATE & PROPERTIES (GROUP) CO., LTD. ANNUAL REPORT 2021 2022-006 March 2022 ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Annual Report 2021

2、 2 Part I Important Notes, Table of Contents and Definitions The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. (hereinafter referred to as the “Co

3、mpany”) hereby guarantee the factuality, accuracy and completeness of the contents of this Report and its summary, and shall be jointly and severally liable for any misrepresentations, misleading statements or material omissions therein. Liu Zhengyu, chairman of the Companys Board, Wang Jianfei, the

4、 Companys Chief Financial Officer, and Qiao Yanjun, head of the Companys financial department (equivalent to financial manager) hereby guarantee that the Financial Statements carried in this Report are factual, accurate and complete. All the Companys directors have attended the Board meeting for the

5、 review of this Report and its summary. Certain descriptions about the Companys operating plans or work arrangements for the future mentioned in this Report and its summary, the implementation of which is subject to various factors, shall NOT be considered as promises to investors. Therefore, invest

6、ors are reminded to exercise caution when making investment decisions. The Company is subject to the information disclosure requirements for the real estate industry in the Disciplinary and Regulatory Guideline No. 3 of the Shenzhen Stock Exchange for Listed CompaniesIndustry-specific Information Di

7、sclosure. Risks facing the Company have been explained in detail in “XI Prospects” in “Part III Management Discussion and Analysis” herein. The Board has approved a final dividend plan as follows: based on the total share capital of 1,011,660,000 shares, a cash dividend of RMB0.88 (tax inclusive) pe

8、r 10 shares is to be distributed to the shareholders, with no bonus issue from either profit or capital reserves. This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shall pr

9、evail. ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Annual Report 2021 3 Table of Contents Part I Important Notes, Table of Contents and Definitions . 2 Part II Corporate Information and Key Financial Information . 6 Part III Management Discussion and Analysis . 11 Part

10、IV Corporate Governance . 41 Part V Environmental and Social Responsibility . 66 Part VI Significant Events . 68 Part VII Share Changes and Shareholder Information . 77 Part VIII Preferred Shares . 84 Part IX Bonds . 85 Part X Financial Statements . 86 ShenZhen Special Economic Zone Real Estate & Pr

11、operties (Group) Co., Ltd. Annual Report 2021 4 Documents Available for Reference 1. The financial statements with the personal signatures and stamps of the Companys legal representative, Chief Financial Officer and head of the financial department; 2. The original of the Auditors Report with the st

12、amp of the CPA firm, as well as the personal signatures and stamps of the CPAs; and 3. The originals of all the documents and announcements disclosed by the Company on Securities Times, China Securities Journal and Ta Kung Pao during the Reporting Period. ShenZhen Special Economic Zone Real Estate &

13、 Properties (Group) Co., Ltd. Annual Report 2021 5 Definitions Term Definition “Shenzhen SASAC” or the “Municipal SASAC” The State-owned Assets Supervision and Administration Commission of the Peoples Government of Shenzhen Municipal SIHC Shenzhen Investment Holdings Co., Ltd. The “Company”, the “Gr

14、oup”, “SPG” or “we” ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. and its consolidated subsidiaries, except where the context otherwise requires Shenzhen Property Management Shenzhen Property Management Co., Ltd. Petrel Hotel Shenzhen Petrel Hotel Co., Ltd. Zhentong Engin

15、eering Shenzhen Zhentong Engineering Co., Ltd. Huazhan Construction Supervision Shenzhen Huazhan Construction Supervision Co., Ltd. Jianbang Group Guangdong Jianbang Group (Huiyang) Industrial Co., Ltd. Chuanqi Real Estate Development Shenzhen SPG Chuanqi Real Estate Development Co., Ltd. ShenZhen S

16、pecial Economic Zone Real Estate & Properties (Group) Co., Ltd. Annual Report 2021 6 Part II Corporate Information and Key Financial Information I Corporate Information Stock name SPG, SPG-B Stock code 000029, 200029 Stock exchange for stock listing Shenzhen Stock Exchange Company name in Chinese 深圳

17、经济特区房地产(集团)股份有限公司 Abbr. 深房集团 Company name in English (if any) ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Abbr. (if any) SPG Legal representative Liu Zhengyu Registered address 45/F-48/F, SPG Plaza, Renmin South Road, Luohu District, Shenzhen, Guangdong, P.R.China Zip c

18、ode 518001 Changes of the registered address N/A Office address 47/F, SPG Plaza, Renmin South Road, Luohu District, Shenzhen, Guangdong, P.R.China Zip code 518001 Company website http:/ Email address II Contact Information Board Secretary Securities Representative Name Luo Yi Hong Lu Address 47/F, S

19、PG Plaza, Renmin South Road, Luohu District, Shenzhen, Guangdong, P.R.China 47/F, SPG Plaza, Renmin South Road, Luohu District, Shenzhen, Guangdong, P.R.China Tel. （86 755）25108897 （86 755）25108837 Fax （86 755）82294024 （86 755）82294024 Email address III Media for Information Disclosure and Place whe

20、re this Report Is Lodged Stock exchange website where this Report is disclosed Shenzhen Stock Exchange (http:/ ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Annual Report 2021 7 Newspaper and website where this Report is disclosed Domestic: Securities Times, China Securit

21、ies Journal, and http:/ Overseas: Ta Kung Pao (HK) Place where this Report is lodged 47/F, SPG Plaza, 3005 Renmin South Road, Luohu District, Shenzhen, Guangdong, P.R.China IV Change to Company Registered Information Unified social credit code 91440300192179585N (unified social credit code) Change t

22、o principal activity of the Company since going public (if any) No change Every change of controlling shareholder since incorporation (if any) On 24 March 1999, the controlling shareholder was changed from Shenzhen Investment Management Co., Ltd. to Shenzhen Construction Investment Holdings Co., Ltd

23、. And on 14 February 2006, it was changed to Shenzhen Investment Holdings Co., Ltd. V Other Information The independent audit firm hired by the Company: Name Grant Thornton China Office address 5/F, Sci-Tech Plaza, 22 Jianguomenwai Avenue, Chaoyang District, Beijing Accountants writing signatures Zh

24、ao Juanjuan and Jiang Xiaoming The independent sponsor hired by the Company to exercise constant supervision over the Company in the Reporting Period: Applicable Not applicable The independent financial advisor hired by the Company to exercise constant supervision over the Company in the Reporting P

25、eriod: Applicable Not applicable VI Key Financial Information Indicate by tick mark whether there is any retrospectively restated datum in the table below. Yes No 2021 2020 2021-over-2020 change (%) 2019 Operating revenue (RMB) 1,320,790,648.45 1,615,009,713.88 -18.22% 2,548,740,319.49 Net profit at

26、tributable to the listed companys shareholders (RMB) 220,836,309.93 290,229,772.23 -23.91% 552,452,307.59 Net profit attributable to the listed companys shareholders before exceptional gains and losses (RMB) 208,306,710.37 253,595,334.11 -17.86% 524,204,812.66 Net cash generated from/used in -1,205,

27、952,107.94 285,164,013.17 -522.90% 603,607,724.75 ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Annual Report 2021 8 operating activities (RMB) Basic earnings per share (RMB/share) 0.2183 0.2869 -23.91% 0.5461 Diluted earnings per share (RMB/share) 0.2183 0.2869 -23.91% 0

28、.5461 Weighted average return on equity (%) 5.72% 7.81% -2.09% 15.90% 31 December 2021 31 December 2020 Change of 31 December 2021 over 31 December 2020 (%) 31 December 2019 Total assets (RMB) 6,182,498,050.43 4,936,916,746.74 25.23% 4,909,669,536.09 Equity attributable to the listed companys shareh

29、olders (RMB) 3,938,260,291.97 3,797,512,488.22 3.71% 3,666,874,569.99 Indicate by tick mark whether the lower of the net profit attributable to the listed companys shareholders before and after exceptional gains and losses was negative for the last three accounting years, and the latest independent

30、auditors report indicated that there was uncertainty about the Companys ability to continue as a going concern. Yes No Indicate by tick mark whether the lower of the net profit attributable to the listed companys shareholders before and after exceptional gains and losses was negative. Yes No VII Acc

31、ounting Data Differences under Chinas Accounting Standards for Business Enterprises (CAS) and International Financial Reporting Standards (IFRS) and Foreign Accounting Standards 1. Net Profit and Equity under CAS and IFRS Applicable Not applicable Unit: RMB Net profit attributable to the listed comp

32、anys shareholders Equity attributable to the listed companys shareholders 2021 2020 Ending amount Beginning amount Under CAS 220,836,309.93 290,229,772.23 3,938,260,291.97 3,797,512,488.22 Adjusted as per IFRS Under IFRS 220,836,309.93 290,229,772.23 3,938,260,291.97 3,797,512,488.22 ShenZhen Specia

33、l Economic Zone Real Estate & Properties (Group) Co., Ltd. Annual Report 2021 9 2. Net Profit and Equity under CAS and Foreign Accounting Standards Applicable Not applicable No difference for the Reporting Period. 3. Reasons for Accounting Data Differences Above Applicable Not applicable VIII Key Fi

34、nancial Information by Quarter Unit: RMB Q1 Q2 Q3 Q4 Operating revenue 415,282,352.53 279,315,865.94 272,065,605.11 354,126,824.87 Net profit attributable to the listed companys shareholders 88,040,167.60 44,406,954.54 29,640,906.70 58,748,281.09 Net profit attributable to the listed companys shareh

35、olders before exceptional gains and losses 87,395,877.39 44,042,111.19 29,576,289.10 47,292,432.69 Net cash generated from/used in operating activities 303,456,191.73 -588,996,943.19 -978,555,623.09 58,144,266.61 Indicate by tick mark whether any of the quarterly financial data in the table above or

36、 their summations differs materially from what have been disclosed in the Companys quarterly or interim reports. Yes No IX Exceptional Gains and Losses Applicable Not applicable Unit: RMB Item 2021 2020 2019 Note Gain or loss on disposal of non-current assets (inclusive of impairment allowance write

37、-offs) -13,451.61 11,429.23 Government subsidies charged to current profit or loss (exclusive of government subsidies consistently given in the Companys ordinary course of business at fixed quotas or amounts as per government policies or standards) 1,669,479.40 3,370,769.21 1,168,127.90 Gain or loss

38、 on assets entrusted to other 13,024,710.91 15,217,058.60 31,425,651.98 Purchase of currency ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd. Annual Report 2021 10 entities for investment or management fund Reversed portions of impairment allowances for receivables which are

39、 tested individually for impairment 482,790.04 Non-operating income and expense other than the above 1,542,604.01 29,009,657.60 1,118,861.69 Other gains and losses that meet the definition of exceptional gain/loss 1,237,002.86 Interest income from undue structured deposits 3,950,685.00 Less: Income

40、tax effects 4,176,533.19 12,211,479.38 9,415,831.64 Total 12,529,599.56 36,634,438.12 28,247,494.93 - Details of other gains and losses that meet the definition of exceptional gain/loss: Applicable Not applicable No such cases for the Reporting Period. Explanation of why the Company reclassifies as

41、recurrent an exceptional gain/loss item listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the PublicExceptional Gain/Loss Items: Applicable Not applicable No such cases for the Reporting Period. ShenZhen Special Economic Zone Real Estat

42、e & Properties (Group) Co., Ltd. Annual Report 2021 11 Part III Management Discussion and Analysis I Industry Overview for the Reporting Period The Company is subject to the information disclosure requirements for the real estate industry in the Disciplinary and Regulatory Guideline No. 3 of the She

43、nzhen Stock Exchange for Listed CompaniesIndustry-specific Information Disclosure. In order to achieve the central governments target of stabilizing land and housing prices as well as market expectations, real estate regulators have successfully implemented a series of policies, including three red

44、lines, real estate loan concentration management mechanism in 2020 and concentrated supply of land in 2021. These policies resulted in a significant difference between different districts in the same city and an overall stable and slow trend in nationwide real estate market. II Principal Activity of

45、 the Company in the Reporting Period The Company is subject to the information disclosure requirements for the real estate industry in the Disciplinary and Regulatory Guideline No. 3 of the Shenzhen Stock Exchange for Listed CompaniesIndustry-specific Information Disclosure. The Company primarily de

46、velops residential properties, with its available-for-sale projects mainly located in Shenzhen and Shantou during the Reporting Period. Meanwhile, two new projects have been launched, one in Huizhou, which is close to Shenzhen, and another in Guangming District, Shenzhen. In Shenzhen, the Chuanqi Do

47、nghu Mingyuan project and the Cuilinyuan project both completed construction and have started the hand-over and move-in process, with some remnant units still available for sale. In Shantou, the Tianyuewan project completed construction in June 2021, with Phase I around 80% sold cumulatively and Pha

48、se II around 20%. In mid May 2021, the Company completed the acquisition of a controlling stake in the Linxinyuan project (located in Huizhou, close to Shenzhen), which resumed construction in late June 2021 and has kicked off pre-sale for Phase I in mid December 2021. Additionally, the Company won

49、the bid for the right to use the state-owned Land Lot No. A511-0039 in Guangming District, Shenzhen in late September 2021, with construction kicking off in mid January 2022. New additions to the land bank: Name of land lot or project Location Planned use of land Site area （） Floor area with plot ra

50、tio （） How the land is obtained The Companys interest Total land price (RMB0,000) Consideration of the Companys interest (RMB0,000) Linxinyuan (previously the “Linxijun” project) Changbu Village, Xinxu Town, Huiyang District, Huizhou City, Commercial and residential 198,676.60 397,353.20 Acquisition