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Annual Report 2020 ᮖွ CONTENTS (Incorporated in the Cayman Islands with limited liability) | Stock Code : 00884 Annual Report 2020 ᮖွ CONTENTS 公司資料 董事及高級管理人員簡介 002 Corporate Information 091 Biographies of Directors and Senior Management 企業里程碑 企業管治報告 004 Milestone 100 Corporate Governance Report 公司簡介 董事會報告書 006 Company Profile 121 Directors’ Report 主要房地產項目 獨立核數師報告 007 Major Property Projects 165 Independent Auditor’s Report 表現摘要 綜合損益及其他全面收益表 021 Performance Highlights 174 Consolidated Statement of Profit or Loss and Other Comprehensive Income 詞彙及定義 022 Glossary and Definitions 綜合財務狀況表 175 Consolidated Statement of Financial Position 綜合股本權益變動表 178 Consolidated Statement of Changes in Equity 綜合現金流量表 180 Consolidated Statement of Cash Flows 綜合財務報表附註 183 Notes to the Consolidated Financial Statements 瀋陽璟宸府 Shenyang Jingchen Mansion 五年財務概要附錄 主席報告 411 Five Years’ Financial Summary Appendix 024 Chairman’s Statement 管理層討論及分析 040 Management Discussion and Analysis 貴陽旭輝觀雲 Guiyang CIFI Skyline 002 CIFI HOLDINGS (GROUP) CO. LTD. | ANNUAL REPORT 2020 公司資料 Corporate Information 董事 DIRECTORS 執行董事 Executive Directors 林中先生（主席） Mr. LIN Zhong (Chairman) 林偉先生（副主席） Mr. LIN Wei (Vice-chairman) 林峰先生（行政總裁） Mr. LIN Feng (Chief Executive Officer) 陳東彪先生 Mr. CHEN Dongbiao 楊欣先生（首席財務官） Mr. YANG Xin (Chief Financial Officer) 非執行董事 Non-Executive Director 王威先生 Mr. WANG Wei 獨立非執行董事 Independent Non-Executive Directors 顧雲昌先生 Mr. GU Yunchang 張永岳先生 Mr. ZHANG Yongyue 陳偉成先生 Mr. TAN Wee Seng 審核委員會 AUDIT COMMITTEE 陳偉成先生（主席） Mr. TAN Wee Seng (Chairman) 顧雲昌先生 Mr. GU Yunchang 張永岳先生 Mr. ZHANG Yongyue 薪酬委員會 REMUNERATION COMMITTEE 張永岳先生（主席） Mr. ZHANG Yongyue (Chairman) 林中先生 Mr. LIN Zhong 陳偉成先生 Mr. TAN Wee Seng 提名委員會 NOMINATION COMMITTEE 林中先生（主席） Mr. LIN Zhong (Chairman) 顧雲昌先生 Mr. GU Yunchang 張永岳先生 Mr. ZHANG Yongyue 授權代表 AUTHORIZED REPRESENTATIVES 林中先生 Mr. LIN Zhong 林峰先生 Mr. LIN Feng 公司秘書 COMPANY SECRETARY 羅泰安先生 Mr. LO Tai On 本公司網站 COMPANY’S WEBSITE ADDRESS www.cifi.com.cn www.cifi.com.cn 註冊辦事處 REGISTERED OFFICE P.O. Box 309 P.O. Box 309 Ugland House Ugland House Grand Cayman KY1-1104 Grand Cayman KY1-1104 Cayman Islands Cayman Islands 中國總部 HEADQUARTERS IN THE PRC 中國 CIFI Center 上海市 Lane 1088, No. 39 Shenhong Road 閔行區 Minhang District 申虹路1088弄39號 Shanghai 旭輝中心 PRC 香港主要營業地點及總部 PRINCIPAL PLACE OF BUSINESS AND HEADQUARTERS IN HONG KONG 香港灣仔軒尼詩道一號 22/F., One Hennessy, One Hennessy 22樓 No. 1 Hennessy Road, Wan Chai, Hong Kong 二零二零年年報 | 旭輝控股（集團）有限公司 003 公司資料 Corporate Information 主要股份過戶登記處 PRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICE Maples Fund Services (Cayman) Limited Maples Fund Services (Cayman) Limited P.O. Box 1093, Boundary Hall P.O. Box 1093, Boundary Hall Cricket Square Cricket Square Grand Cayman KY1-1102 Grand Cayman KY1-1102 Cayman Islands Cayman Islands 香港證券登記分處 HONG KONG BRANCH SHARE REGISTRAR 香港中央證券登記有限公司 Computershare Hong Kong Investor Services Limited 香港灣仔皇后大道東183號 Shops 1712-1716, 17th Floor, Hopewell Centre 合和中心17樓1712-1716號舖 183 Queen’s Road East, Wanchai, Hong Kong 主要往來銀行 PRINCIPAL BANKERS 中國 China 中國工商銀行股份有限公司 Industrial and Commercial Bank of China Limited 中國農業銀行股份有限公司 Agricultural Bank of China Limited 中國銀行股份有限公司 Bank of China Limited 中國建設銀行股份有限公司 China Construction Bank Corporation 交通銀行股份有限公司 Bank of Communications Co., Ltd 中信銀行股份有限公司 China CITIC Bank Corporation Limited 招商銀行股份有限公司 China Merchants Bank Co., Ltd. 平安銀行股份有限公司 Ping An Bank Co., Ltd. 中國民生銀行股份有限公司 China Minsheng Banking Corp., Ltd. 興業銀行股份有限公司 Industrial Bank Co., Ltd. 中國光大銀行股份有限公司 China Everbright Bank Co., Ltd 上海浦東發展銀行股份有限公司 Shanghai Pudong Development Bank Co., Ltd 上海銀行股份有限公司 Bank of Shanghai Co., Ltd. 渤海銀行股份有限公司 China Bohai Bank Co., Ltd. 浙商銀行股份有限公司 China Zheshang Bank Co., Ltd. 香港 Hong Kong 香港上海滙豐銀行有限公司 The Hongkong and Shanghai Banking Corporation Limited 渣打銀行（香港）有限公司 Standard Chartered Bank (Hong Kong) Limited 恒生銀行有限公司 Hang Seng Bank Limited 交通銀行（香港）有限公司 Bank of Communications Co., Ltd Hong Kong Branch 中國建設銀行（亞洲）股份有限公司 China Construction Bank (Asia) Corporation Limited 東亞銀行有限公司 The Bank of East Asia, Limited 永隆銀行有限公司 Wing Lung Bank Limited 中信銀行（國際）有限公司 China CITIC Bank International Limited 上海銀行（香港）有限公司 Bank of Shanghai (Hong Kong) Limited 南洋商業銀行有限公司 Nanyang Commercial Bank, Limited 創興銀行有限公司 Chong Hing Bank Limited 大華銀行有限公司 United Overseas Bank Limited 上海浦東發展銀行股份有限公司香港分行 Shanghai Pudong Development Bank Co., Ltd Hong Kong Branch 核數師 AUDITOR 德勤 • 關黃陳方會計師行 Deloitte Touche Tohmatsu 註冊公眾利益實體核數師 Registered Public Interest Entity Auditors 上市資料 LISTING INFORMATION 香港聯合交易所有限公司主板 Main Board of The Stock Exchange of Hong Kong Limited （股份代號：00884） (Stock Code: 00884) 本公司網站 COMPANY’S WEBSITE www.cifi.com.cn www.cifi.com.cn 004 CIFI HOLDINGS (GROUP) CO. LTD. | ANNUAL REPORT 2020 企業里程碑 Milestone 2000 • 旭輝元年，8月啟航 Year of establishment of CIFI, set sail in August 2002 • 永升生活服務成立 Ever Sunshine Lifestyle Services incorporated 2007 • 開啟全國化戰略佈局 Opened up the national strategic development footprint 2011 • 完成股份制改造，旭輝控股（集團）有限公司成立 Reorganised shareholding system, CIFI Holdings (Group) Co. Ltd. incorporated 2012 • 旭輝控股在香港聯交所主板上市 CIFI Holdings listed on the Main Board of the HKEx 2013 • 榮獲由《每日經濟新聞》主辦的中國價值地產總評榜之“年度最具投 資價值上市公司” Awarded “The Most Valuable Listed Company for Investment of the Year” of China Valuable Real Estate Awards organised by the National Business Daily 2014 • 在中國指數研究院“中國房地產百強企業”排名中首次躋身30強 Ranked among Top 30 on the “China Top 100 Real Estate Developers” of China Index Academy 2015 • 在中國指數研究院“中國房地產百強企業”排名中位列第25位 Ranked 25th on the “China Top 100 Real Estate Developers” of China Index Academy 2016 • 年銷售額突破人民幣600億元 Annual sales exceeded RMB 60 billion • 被納入恆生綜合大中型指數成份股 Added to Hang Seng Composite Large Cap & Mid Cap Index 二零二零年年報 | 旭輝控股（集團）有限公司 005 企業里程碑 Milestone 2017 • 銷售額突破人民幣千億 Annual sales exceeded RMB 100 billion • 引入中國平安作為戰略投資者 Introduced China Ping An as strategic investor • 首獲怡安翰威特頒發“中國最佳僱主”稱號，至今已連續四年蟬聯 First awarded “The Best Employer in China” by Aon Hewitt and awarded for four consecutive years since then 2018 • 年銷售額突破人民幣1,500億元，位居中國房地產銷售額排行前15 Annual sales exceeded RMB 150 billion, rated one of the Top 15 real estate enterprises in the PRC in terms of sales • 永升生活服務在香港聯交所主板上市 Ever Sunshine Lifestyle Services listed on the Main Board of the HKEx 2019 • 年銷售額突破人民幣2,000億元 Annual sales exceeded RMB 200 billion • 成立旭輝商業總部，打造核心城市精品商業 Established CIFI commercial operation to build boutique commercial projects in core cities 2020 • 成立20周年 Celebrated 20th anniversary • 再次收購香港地產項目，進一步開啟境外投資佈局 Acquired property project in Hong Kong again, further stepped up overseas investment • 發布綠色金融框架，發行首筆綠色債券，成為首批登錄香港聯交所可持續 及綠色交易所（STAGE）的金融產品之一 Launched green financing framework and issued the first green bonds, becoming one of the first batch of financial products traded on the HKEx STAGE • MSCI ESG評級獲上調至BB級 MSCI ESG Rating upgraded to BB • 入選恆生中國（香港上市）100指數、恒生大中型股價值偏向指數、恆生可 持續發展企業基準指數 Added to Hang Seng China (Hong Kong-listed) 100 Index, Hang Seng Large-Mid Cap Value Tilt Index and Hang Seng Corporate Sustainability Benchmark Index • 榮獲《機構投資者》頒發“2020年亞洲最佳管理團隊”，已連續四年在該評選 中榮獲多項大獎 Won “All-Asia Executive Team 2020” by Institutional Investor, earned various awards in this assessment for four consecutive years • 旭輝公益基金會成立 CIFI Foundation established 006 CIFI HOLDINGS (GROUP) CO. LTD. | ANNUAL REPORT 2020 公司簡介 Company Profile 關於旭輝 ABOUT CIFI 旭輝控股（集團） 有限公司（「旭輝」 或「本 Headquartered in Shanghai, CIFI Holdings (Group) Co. Ltd. (“CIFI” or the 公司」，連同其附屬公司統稱「本集團」） “Company” and together with its subsidiaries, the “Group”) is principally 總部位於上海，主營業務是於中華人民 engaged in the property development and property investment business in the 共和國（「中國」） 從事房地產開發及房地 People’s Republic of China (“PRC” or “China”). 產投資。 我們主要專注在中國的一綫、二綫及強 We principally focus on developing high quality and end-users driven properties 三綫城市開發高品質及針對用家自用 in first-, second- and robust third-tier cities in China. Our development projects 的房地產物業。我們的開發項目涵蓋住 cover various properties types like residential, office and commercial complexes. 宅、商務辦公、商業綜合體等多種物業 Leveraging our effective business model and strong execution capabilities, we 種類。憑藉我們高效的業務模式與強大 are poised to continue our rapid growth and develop into a leading nationwide 的執行能力，我們未來目標是繼續保持 property developer. 快速增長，發展為全國領先的房地產品 牌。 我們已實現全國化的經營佈局，並在中 We have achieved a nationwide operating coverage and a strong presence in 國主要的一綫、二綫及三綫城市建立穩 major first-, second- and third-tier cities in China. As at 31 December 2020, 固的地位。於二零二零年十二月三十一 we had property projects in 89 cities in 4 regions: the Yangtze River Delta, the 日，我們在中國房地產的項目，分佈 Pan Bohai Rim, the Central Western Region and the South China Region. As 於4個區域89個城市，包括長三角、環 at 31 December 2020, we had a land bank with total and attributable GFA of 渤海、中西部及華南。於二零二零年 approximately 56.5 million sq.m. and 30.8 million sq.m. respectively. 十二月三十一日，我們擁有合計及應佔 建築面積分別約為56,500,000平方米及 30,800,000平方米的土地儲備。 展望未來，旭輝在「為客戶創造價值」 及 Looking forward, driven by our missions of “creating value for our customers” and 「用心構築美好生活」 的使命感召下，致 “building for a better life”, CIFI strives to become a leading and well-respected 力於成為中國具領導地位及受人尊敬的 real estate enterprise in China. 房地產企業。 二零二零年年報 | 旭輝控股（集團）有限公司 007 主要房地產項目 Major Property Projects 哈爾濱 Harbin 旭輝於中國的全國化佈局 CIFI’s Nationwide Coverage in China 長春 Changchun 烏魯木齊 Urumqi 瀋陽 Shenyang 北京 Beijing 大連 Dalian 廊坊 Langfang 天津 Tianjin 石家莊 Shijiazhuang 烟台 Yantai Zibo 銀川 Yinchuan 淄博 青島 Qingdao 太原 濟南 濰坊 Taiyuen Jinan Weifang 臨沂 Linyi 濟寧 Jining 徐州 鄭州 Zhengzhou Xuzhou 南通 西安 Xi’an 鎮江 Nantong Zhenjiang 開封 Kaifeng 宿遷 洛陽 Luoyang Suqian 無錫 合肥 蕪湖 淮安 Wuxi 許昌 Xuchang Hefei Wuhu Huaian 蘇州 Suzhou 常州 南京 Changzhou Nanjing 上海 Shanghai 嘉興 Jiaxing Chengdu Wuhan 成都 武漢 紹興 Shaoxing 金華 舟山 Zhoushan 湖州
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