<table><tr><td rowspan="2"></td><td rowspan="2">附註 
Notes</td><td>2020年 
2020</td><td>2019年
2019</td></tr><tr><td>人民幣千元 
RMB’000</td><td>人民幣千元
RMB’000</td></tr><tr><td>經營活動所得現金流量     CASH FLOWS FROM OPERATING 
 ACTIVITIES</td><td></td><td></td><td></td></tr><tr><td>除稅前溢利           Profit before tax</td><td></td><td>1,329,129</td><td>1,226,809</td></tr><tr><td>調整：             Adjustments for:</td><td></td><td></td><td></td></tr><tr><td>利息收入           Interest income</td><td>5</td><td>(5,208)</td><td>(7,883)</td></tr><tr><td>向一家合資企業貸款的     Interest income of a loan to a joint 
   利息收入          venture</td><td>5</td><td>(16,653)</td><td>(13,587)</td></tr><tr><td>物業、廠房及設備折舊     Depreciation of property, plant and 
   equipment</td><td>6</td><td>8,307</td><td>4,848</td></tr><tr><td>使用權資產折舊        Depreciation of right-of-use assets</td><td>6</td><td>5,913</td><td>7,073</td></tr><tr><td>無形資產攤銷         Amortisation of intangible assets</td><td>6</td><td>2,930</td><td>1,390</td></tr><tr><td>購股權開支          Share option expense</td><td>6</td><td>33,774</td><td>46,519</td></tr><tr><td>投資物業公平值收益，淨額 Fair value gains on investment 
     properties, net</td><td>14</td><td>(41,559)</td><td>(11,027)</td></tr><tr><td>按公平值計入損益之      Fair value gains on financial assets at 
   金融資產之公平值收益   fair value through profit or loss</td><td>5</td><td>(71,086)</td><td>–</td></tr><tr><td>出售物業、廠房及設備     Gain on disposal of items of property, 
   項目之收益           plant and equipment</td><td>6</td><td>(91)</td><td>–</td></tr><tr><td>分佔一家合資企業       Share of (profit)/loss of a joint venture
 （溢利）╱虧損</td><td></td><td>(196,103)</td><td>14,468</td></tr><tr><td>財務成本           Finance costs</td><td>7</td><td>135,554</td><td>82,421</td></tr><tr><td></td><td></td><td>1,184,907</td><td>1,351,031</td></tr><tr><td>收購持作開發以供出售的土地 Acquisition of land held for development 
 for sale</td><td></td><td>(613,062)</td><td>(269,860)</td></tr><tr><td>在建物業增加          Increase in properties under 
 development</td><td></td><td>(1,324,638)</td><td>(1,865,961)</td></tr><tr><td>持作出售的已竣工物業減少   Decrease in completed properties held 
 for sale</td><td></td><td>3,294,336</td><td>1,893,756</td></tr><tr><td>貿易應收賬款減少╱（增加）   Decrease/(increase) in trade receivables</td><td></td><td>58,664</td><td>(109,438)</td></tr><tr><td>預付款項、其他應收款項及  Increase in prepayments, other 
其他資產增加         receivables and other assets</td><td></td><td>(248,030)</td><td>(103,143)</td></tr><tr><td>貿易應付賬款增加        Increase in trade payables</td><td></td><td>77,478</td><td>664,922</td></tr><tr><td>合約負債（減少）╱增加     (Decrease)/increase in contract liabilities</td><td></td><td>(2,268,422)</td><td>75,789</td></tr><tr><td>其他應付款項、已收按金及  Increase/(decrease) in other payables, 
應計費用增加╱（減少）    deposits received and accruals</td><td></td><td>165,121</td><td>(378,473)</td></tr><tr><td>經營產生現金          Cash generated from operations</td><td></td><td>326,354</td><td>1,258,623</td></tr></table>

<table><tr><td rowspan="2"></td><td rowspan="2">附註 
Notes</td><td>2020年 
2020</td><td>2019年
2019</td></tr><tr><td>人民幣千元 
RMB’000</td><td>人民幣千元
RMB’000</td></tr><tr><td>經營活動所得現金流量（續）   CASH FLOWS FROM OPERATING 
 ACTIVITIES (Continued)</td><td></td><td></td><td></td></tr><tr><td>經營產生現金          Cash generated from operations</td><td></td><td>326,354</td><td>1,258,623</td></tr><tr><td>已收利息            Interest received</td><td></td><td>5,208</td><td>7,883</td></tr><tr><td>已付利息             Interest paid</td><td></td><td>(135,223)</td><td>(277,982)</td></tr><tr><td>已付中國企業所得稅       PRC corporate income tax paid</td><td></td><td>(150,546)</td><td>(57,322)</td></tr><tr><td>已付中國土地增值稅      PRC land appreciation tax paid</td><td></td><td>(245,288)</td><td>(125,065)</td></tr><tr><td>經營活動（所用）╱所得現金流量Net cash flows (used in)/from operating 
淨額              activities</td><td></td><td>(199,495)</td><td>806,137</td></tr><tr><td>投資活動所得現金流量     CASH FLOWS FROM INVESTING 
 ACTIVITIES</td><td></td><td></td><td></td></tr><tr><td>來自一家合資企業的      Settlement from/(advance to) a joint 
結算╱向其墊款       venture</td><td></td><td>250,681</td><td>(6,668)</td></tr><tr><td>應收關聯方款項增加       Increase in amounts due from related 
 parties</td><td></td><td>–</td><td>(392,700)</td></tr><tr><td>應收董事款項減少        Decrease in amounts due from directors</td><td></td><td>–</td><td>83,591</td></tr><tr><td>購買物業、廠房及設備項目   Purchases of items of property, plant 
 and equipment</td><td>13</td><td>(56,869)</td><td>(4,025)</td></tr><tr><td>添置無形資產          Additions of intangible assets</td><td>16</td><td>(5,088)</td><td>(2,306)</td></tr><tr><td>添置投資物業          Additions of investment properties</td><td>14</td><td>(146,302)</td><td>(59,573)</td></tr><tr><td>購買按公平值計入損益之    Purchases of financial assets at fair value 
金融資產           through profit or loss</td><td></td><td>(423,752)</td><td>–</td></tr><tr><td>收購附屬公司          Acquisitions of subsidiaries</td><td>37</td><td>72,292</td><td>–</td></tr><tr><td>出售物業、廠房及設備項目的Proceeds from disposal of items of 
所得款項           property, plant and equipment</td><td></td><td>1,441</td><td>1,596</td></tr><tr><td>受限制現金（增加）╱減少    (Increase)/decrease in restricted cash</td><td></td><td>(110,551)</td><td>9,465</td></tr><tr><td>投資活動所用現金流量淨額   Net cash flows used in investing 
 activities</td><td></td><td>(418,148)</td><td>(370,620)</td></tr></table>