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New Life 創享美好新生活 2020 ANNUAL REPORT

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New Life 創享美好新生活 2020 ANNUAL REPORT Stock Code: 2868 Enjoying New Life 創享美好新生活 2020 ANNUAL REPORT ANNUAL www.bjcapitalland.com 2020 ANNUAL REPORT CONTENTS 2 CORPORATE INFORMATION 3 LISTING INFORMATION 5 FINANCIAL HIGHLIGHTS 6 PROPERTY PORTFOLIO 15 CORPORATE MILESTONES DURING THE YEAR 18 CHAIRMAN’S STATEMENT 22 MANAGEMENT DISCUSSION AND ANALYSIS 62 BIOGRAPHICAL DETAILS OF DIRECTORS, SUPERVISORS AND SENIOR MANAGEMENT 68 DIRECTORS’ REPORT 84 CORPORATE GOVERNANCE REPORT 101 REPORT OF THE SUPERVISORY COMMITTEE 102 AUDITOR’S REPORT 107 CONSOLIDATED AND COMPANY BALANCE SHEETS 109 CONSOLIDATED AND COMPANY INCOME STATEMENTS 111 CONSOLIDATED AND COMPANY CASH FLOW STATEMENTS 113 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 114 COMPANY STATEMENT OF CHANGES IN EQUITY 115 NOTES TO THE FINANCIAL STATEMENTS CORPORATE INFORMATION DIRECTORS COMPANY SECRETARY Non-Executive Director Mr. Lee Sze Wai Mr. Li Songping (Chairman) AUTHORISED REPRESENTATIVES Executive Directors Mr. Zhong Beichen Mr. Lee Sze Wai Mr. Zhong Beichen (President) Mr. Huang Ziquan Mr. Hu Weimin REGISTERED OFFICE Mr. Fan Shubin Room 3071, 3/F Office, Block 4, No. 13 Kaifang East Road, Huairou District, Non-Executive Director Beijing, PRC Ms. Sun Baojie BEIJING HEADQUARTERS Independent Non-Executive Directors Block A, Fucheng Building No. 98, Beilishi Road, Xicheng District Mr. Li Wang Beijing, PRC Mr. Wong Yik Chung, John Mr. Liu Xin HONG KONG OFFICE AUDIT COMMITTEE Suites 4602–05, One Exchange Square, Central, Hong Kong Mr. Wong Yik Chung, John (Chairman) Mr. Li Wang WEBSITE Mr. Liu Xin http://www.bjcapitalland.com REMUNERATION COMMITTEE AUDITORS Mr. Liu Xin (Chairman) Mr. Li Songping PricewaterhouseCoopers Zhong Tian LLP Mr. Wong Yik Chung, John LEGAL ADVISERS NOMINATION COMMITTEE As to Hong Kong law: Mr. Liu Xin (Chairman) Norton Rose Hong Kong Mr. Li Songping Mr. Wong Yik Chung, John As to PRC law: JunZeJun Law Office STRATEGIC COMMITTEE PRINCIPAL BANKERS Mr. Li Songping (Chairman) Mr. Zhong Beichen Bank of China Mr. Liu Xin China Construction Bank Agricultural Bank of China SUPERVISORS Bank of Jiangsu Industrial Bank Mr. Deng Wenbin China Merchants Bank Ms. Tang Yanan Bank of Hangzhou Mr. Jiang Hebin Bank of Beijing Bank of Shanghai SECRETARY OF THE BOARD OF Hua Xia Bank DIRECTORS Ms. Qin Yi 2 BEIJING CAPITAL LAND LTD. Annual Report 2020 LISTING INFORMATION STOCK CODE FOR H SHARE Hong Kong Stock Exchange 2868 Reuters 2868.HK Bloomberg 2868HK BOARD LOT SIZE H Share 2,000 H SHARE REGISTRAR Computershare Hong Kong Investor Services Limited Shops 1712–1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai Hong Kong Telephone: (852) 2862 8628 Fax: (852) 2529 6087 LISTED BOND INFORMATION Hong Kong Stock Exchange Security Code USD500,000,000 5.75% subordinated guaranteed perpetual securities 40062 USD450,000,000 3.85% guaranteed notes due 2025 40113 USD200,000,000 4.5% 363-day guaranteed notes 40345 Singapore Stock Exchange USD500,000,000 4.65% guaranteed bonds due 2026 Shanghai Stock Exchange Security Code RMB640,000,000 4.50% corporate bonds by private placement due 2021 135384 RMB750,000,000 4.40% corporate bonds by private placement due 2021 135522 RMB380,000,000 4.10% corporate bonds by private placement due 2021 135637 RMB200,000,000 2.95% corporate bonds by private placement due 2021 150278 RMB2,000,000,000 5.84% corporate bonds by private placement due 2023 150279 RMB81,000,000 3.10% corporate bonds by private placement due 2021 150540 RMB500,000,000 5.94% corporate bonds by private placement due 2023 150541 RMB2,500,000,000 4.89% corporate bonds by public offering due 2023 143812 RMB1,500,000,000 4.16% corporate bonds by public offering due 2021 155071 RMB1,000,000,000 4.50% corporate bonds by public offering due 2023 155072 RMB1,500,000,000 4.30% corporate bonds by public offering due 2022 151402 RMB1,000,000,000 4.58% corporate bonds by private placement due 2024 151403 RMB3,460,000,000 4.37% corporate bonds by private placement due 2024 151587 RMB2,130,000,000 4.26% corporate bonds by private placement due 2024 151812 RMB790,000,000 3.65% corporate bonds by private placement due 2025 166433 RMB3,000,000,000 3.60% corporate bonds by private placement due 2025 166835 RMB1,419,000,000 3.85% corporate bonds by private placement due 2025 167168 RMB2,000,000,000 4.00% corporate bonds by public offering due 2026 175820 RMB2,430,000,000 3.97% corporate bonds by public offering due 2026 175907 BEIJING CAPITAL LAND LTD. Annual Report 2020 3 LISTING INFORMATION INVESTOR RELATIONS CONTACT Email address: [email protected] H SHARE INFORMATION Year 2020 Year 2019 Price Total Trading Price Total Trading High Low Volume High Low Volume (HK$) (HK$) (No. of Shares) (HK$) (HK$) (No. of Shares) First Quarter 2.56 1.38 554,014,020 3.37 2.49 359,724,683 Second Quarter 1.79 1.37 220,456,590 3.04 2.16 324,129,610 Third Quarter 1.71 1.30 168,503,520 2.73 2.19 125,902,575 Fourth Quarter 1.48 1.28 103,972,710 2.55 2.16 249,191,246 Closing share price as at 31 December 2016: HK$2.91. Closing share price as at 29 December 2017: HK$4.06. Closing share price as at 31 December 2018: HK$2.81. Closing share price as at 31 December 2019: HK$2.19. Closing share price as at 31 December 2020: HK$1.31. 4 BEIJING CAPITAL LAND LTD. Annual Report 2020 FINANCIAL HIGHLIGHTS FIVE YEAR FINANCIAL SUMMARY NOTE 1 (in RMB’000 unless otherwise stated) Year ended 31 December 2020 2019 2018 2017 2016 (Restated) Revenue 21,247,858 20,786,255 23,257,053 21,292,040 20,349,404 Total profit 1,819,053 3,570,224 3,159,963 3,839,317 3,938,468 Income tax expenses (546,947) (1,001,362) (742,874) (1,042,520) (1,074,474) Net profit 1,272,106 2,568,862 2,417,089 2,796,797 2,863,994 Attributable to: Equity holders of the Company 981,825 2,122,572 1,922,932 2,112,580 2,017,558 Non-controlling interests 290,281 446,290 494,157 684,217 846,436 1,272,106 2,568,862 2,417,089 2,796,797 2,863,994 As at 31 December 2020 2019 2018 2017 2016 (Restated) Total assets 210,549,900 185,269,318 169,716,823 141,421,169 119,459,640 Total liabilities 163,219,964 143,228,212 131,516,141 109,489,636 91,908,938 Net assets 47,329,936 42,041,106 38,200,682 31,931,533 27,550,702 Note: 1. The table summarises the results, assets and liabilities of the Group. 2. The figures presented are prepared in accordance with Accounting Standards for Business Enterprises or CAS of PRC. 3. The Group completed the transactions of business combination involving enterprises under common control in 2017, and the financial information of the Group for the year ended 31 December 2016 was restated accordingly, therefore, the published results and the statement of assets and liabilities may not comparable. BEIJING CAPITAL LAND LTD. Annual Report 2020 5 Heilongjiang Jilin Xinjiang Shenyang Liaoning Inner Mongolia Beijing Tianjin Hebei Ningxia Shanxi Jinan Qingdao Qinghai Shandong Gansu Zhengzhou Jiangsu Shaanxi Henan Zhenjiang Jiangyin Xi’an Hefei Wuxi Kunshan Nanjing Huzhou Tibet Shanghai Sichuan Hubei Suzhou Jiaxing Wuhan Anhui Hangzhou Chengdu Ningbo Chongqing Nanchang Zhejiang Jiangxi Hunan Kunming Guizhou Fujian Yunnan Guangdong Xiamen Guangxi Taiwan Guangzhou Dongguan Nanning Foshan Shenzhen Macao Hong Kong Hainan Wanning PROPERTY PORTFOLIO 6 BEIJING CAPITAL LAND LTD. Annual Report 2020 Heilongjiang Jilin Xinjiang Shenyang Liaoning Inner Mongolia Beijing Tianjin Hebei Ningxia Shanxi Jinan Qingdao Qinghai Shandong Gansu Zhengzhou Jiangsu Shaanxi Henan Zhenjiang Jiangyin Xi’an Hefei Wuxi Kunshan Nanjing Huzhou Tibet Shanghai Sichuan Hubei Suzhou Jiaxing Wuhan Anhui Hangzhou Chengdu Ningbo Chongqing Nanchang Zhejiang Jiangxi Hunan Kunming Guizhou Fujian Yunnan Guangdong Xiamen Guangxi Taiwan Guangzhou Dongguan Nanning Foshan Shenzhen Macao Hong Kong Hainan Wanning Beijing 15.3% Wuhan 13.4% Zhenjiang 0.1% Tianjin 13.1% Zhengzhou 6.5% Kunshan 2.0% Shanghai 2.6% Chongqing 6.6% Huzhou 0.3% Hangzhou 0.5% Chengdu 2.2% Wuxi 0.1% Ningbo 0.1% Xi'An 2.0% Jiangyin 1.5% Shenzhen 0.1% Shenyang 0.9% Wanning 0.7% Guangzhou 1.9% Qingdao 2.0% Kunming 12.1% Foshan 1.0% Jiaxing 0.8% Capital Outlets 11.7% Dongguan 0.4% Suzhou 0.3% Xiamen 0.7% Nanjing 1.1% BEIJING CAPITAL LAND LTD. Annual Report 2020 7 PROPERTY PORTFOLIO INVESTMENT PROPERTIES Total Above Attributable Total GFA Ground GFA Interest to Site Area of Land of Land Project Project Name Location Type BCL of Land Bank Bank (sq.m.) (sq.m.) (sq.m.) 1 Fangshan Capital Outlets Fangshan District, Beijing Commercial 70.16% 90,766 196,490 196,490 2 Wangning Capital Outlets Liji Town, Wanning, Hainan Commercial 100% 199,807 103,200 103,200 Province 3 Huzhou Capital Outlets Taihu Lake Resort, Huzhou, Commercial 70.16% 214,317 97,540 97,540 Zhejiang Province 4 Kunshan Capital Outlets East New Town, Kunshan, Commercial 70.16% 93,026 100,530 100,530 Jiangsu Province 5 Nanchang Capital Outlets Nanchang, Jiangxi Province Commercial 86,987 158,070 158,070 Site A 70.16% 56,833 129,700 129,700 Site B 28.06% 30,153 28,370 28,370 6 Hangzhou Capital Outlets Fuyang District, Hangzhou, Commercial 70.16% 101,691 112,280 112,280 Zhejiang Province 7 Wuhan Capital Outlets East Lake New Town, Commercial 69.46% 89,757 107,560 107,560 Wuhan, Hubei Province 8 Xi’An Capital Outlets Xi’an Hi-Tech Industrial Commercial 70.16% 81,301 118,840 118,840 Development Zone, Xi’an, Shanxi Province 9 Zhengzhou Capital Outlets Zhengzhou, Henan Province Commercial 70.16% 80,790 96,580 96,580 10 Jinan Capital Outlets Tangye New Town, Licheng Commercial 70.16% 114,929 121,520 121,520 District, Jinan, Shandong Province 11 Hefei Capital Outlets Binhu New Area, Hefei, Commercial 70.16% 87,913 96,270
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