ChatDOC/OCRFlux-bench-single huggingface dataset:
“Macau”	the Macau Special Administrative Region of the PRC
“Manning Properties”	Manning Properties Limited (萬年地產發展有限公司), a company incorporated in
the BVI with limited liability on 9 February 2015, and a Controlling Shareholder,
which is wholly-owned by the Concerted Group, comprising Dr. Chan (holding
approximately 68.2% interests in it) and Mr. Kwong (holding approximately
31.8% interests in it)
“Memorandum” or
“Memorandum of
Association”	the memorandum of association of our Company as amended from time to time
“MOP”	Macau pataca, the lawful currency of Macau
“Mr. Kwong”	Mr. Kwong Po Lam (鄺保林先生), an executive Director and a Controlling
Shareholder holding approximately 31.8% of interests in Manning Properties
“Nomination Committee”	the nomination committee of the Board
“Prospectus”	the prospectus of the Company dated 31 August 2018 issued in connection
with the Listing
“Registered Structural
Engineer”	a person whose name is for the time being on the structural engineers’ register
kept by the Building Authority under section 3(3) of the BO
“Remuneration
Committee”	the remuneration committee of the Board
“Reorganisation”	the reorganisation of our Group in preparation for the Listing described in the
section headed “History, Reorganisation and group structure — Reorganisation”
in the Prospectus which was completed on 20 November 2017
“SFO”	Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) as
amended, supplemented or otherwise modified from time to time
“Share Offer”	the issue of 288,000,000 ordinary Shares by way of share offer at a price of
HK$0.20 per Share on 17 September 2018
“Share Option Scheme”	the share option scheme approved and adopted by our Company pursuant to
written resolutions of our Shareholders on 27 August 2018
“Share(s)”	ordinary share(s) of nominal value of HK$0.01 each in the share capital of our
Company
“Shareholder(s)”	holder(s) of our Share(s) from time to time
“subsidiary(ies)”	has the meaning ascribed to it under the GEM Listing Rules
The Company's unconsolidated affiliates retired the following construction loans, secured by the related unconsolidated Properties, in 2016:

Date	Property	Interest
Rate at
Repayment Date	Scheduled
Maturity Date	Principal
Balance
Repaid
June	Fremaux Town Center ­ Phase I (1)	2.44%	August 2016	$ 40,530
June	Fremaux Town Center ­ Phase II (1)	2.44%	August 2016	30,595
June	Ambassador Town Center (2)	2.24%	December 2017	41,885

(1) The construction loan was retired using a portion of the net proceeds from a \$73,000 fixed­rate non­recourse mortgage loan. See 2016 Financings above for more information.

(2) The construction loan was retired using a portion of the net proceeds from a \$47,660 fixed­rate non­recourse mortgage loan. Excess proceeds were utilized to fund remaining construction costs. See 2016 Financings above for more information.

# Cost Method Investment

The Company owned a 6.2% noncontrolling interest in Jinsheng, an established mall operating and real estate development company located in Nanjing, China, which owned controlling interests in home furnishing shopping malls. In the fourth quarter of 2016, the Company received \$15,538 from Jinsheng for the redemption of its interest that had a carrying value of \$5,325 and recorded a gain on investment of \$10,136. The Company had previously recorded an other­than­temporary impairment of \$5,306 related to this investment in 2009 upon the decline of China's real estate market. The Company accounted for its noncontrolling interest in Jinsheng using the cost method because the Company did not exercise significant influence over Jinsheng and there was no readily determinable market value of Jinsheng’s shares since they are not publicly traded.

# NOTE 6. MORTGAGE AND OTHER INDEBTEDNESS, NET

# Debt of the Company

CBL has no indebtedness. Either the Operating Partnership or one of its consolidated subsidiaries, that it has a direct or indirect ownership interest in, is the borrower on all of the Company's debt.

CBL is a limited guarantor of the Senior Unsecured Notes, as described below, for losses suffered solely by reason of fraud or willful misrepresentation by the Operating Partnership or its affiliates. The Company also provides a similar limited guarantee of the Operating Partnership's obligations with respect to its unsecured credit facilities and three unsecured term loans as of December 31, 2017.

# Debt of the Operating Partnership

Mortgage and other indebtedness consisted of the following:

December 31, 2017	December 31, 2016
Amount	Weihgted-
Average
Interest
Rate (1)	Amount	Weihgted-
Average
Interest
Rate (1)
Fixed­rate debt:
Non­recourse loans on operating Properties	$ 1,796,203	5.33%	$ 2,453,628	5.55%
Senior unsecured notes due 2023 (2)	446,976	5.25%	446,552	5.25%
Senior unsecured notes due 2024 (3)	299,946	4.60%	299,939	4.60%
Senior unsecured notes due 2026 (4)	615,848	5.95%	394,260	5.95%
Total fixed­rate debt	3,158,973	5.37%	3,594,379	5.48%
Variable­rate debt:
Non­recourse loans on operating Properties	10,836	3.37%	19,055	3.13%
Recourse loans on operating Properties (5)	101,187	4.00%	24,428	3.29%
Construction loan (5)	—	—%	39,263	3.12%
（1）计提	0.00	0.00	0.00
3、本期减少金额	0.00	0.00	0.00
（1）处置	0.00	0.00	0.00
（2）其他转出	0.00	0.00	0.00
4.期末余额	0.00	0.00	0.00
四、账面价值
1.期末账面价值	116,869,008.48	23,548,829.23	140,417,837.71
2.期初账面价值	125,696,958.55	20,340,480.62	146,037,439.17

# (2).未办妥产权证书的投资性房地产情况

□适用 √不适用

其他说明

□适用 √不适用

# 13、 固定资产

# 项目列示

√适用 □不适用

单位：元 币种：人民币

项目	期末余额	期初余额
固定资产	430,948,281.29	439,384,547.85
合计	430,948,281.29	439,384,547.85

# 固定资产

# (1).固定资产情况

√适用 □不适用

单位：元 币种：人民币

项目	房屋及建筑物	机器设备	运输工具	电子及其他设
备	合计
一、账面原值：
1.期初余额	477,165,599.13	197,141,533.77	2,610,571.88	61,434,179.37	738,351,884.15
2.本期增加金额	13,537,996.56	15,363,112.26	0.00	2,095,117.04	30,996,225.86
（1）购置	0.00	15,363,112.26	0.00	2,095,117.04	17,458,229.30
（2）在建工程转入	0.00	0.00	0.00	0.00	0.00
（3）企业合并增加	0.00	0.00	0.00	0.00	0.00
（4）其他	13,537,996.56	0.00	0.00	0.00	13,537,996.56
3.本期减少金额	15,369,508.60	2,651,777.73	0.00	485,668.20	18,506,954.53
（1）处置或报废	1,345,214.00	2,651,777.73	0.00	316,703.03	4,313,694.76
（2）其他减少	14,024,294.60	0.00	0.00	168,965.17	14,193,259.77
4.期末余额	475,334,087.09	209,852,868.30	2,610,571.88	63,043,628.21	750,841,155.48
二、累计折旧
1.期初余额	137,926,820.27	130,080,079.53	1,131,393.77	26,426,608.74	295,564,902.31
2.本期增加金额	19,612,757.63	9,212,269.60	148,728.21	4,261,200.22	33,234,955.66
（1）计提	13,329,082.75	9,212,269.60	148,728.21	4,261,200.22	26,951,280.78
（2）其他增加	6,283,674.88	0.00	0.00	0.00	6,283,674.88
3.本期减少金额	10,642,107.77	1,379,921.26	0.00	287,388.74	12,309,417.77
（1）处置或报废	664,751.86	1,379,921.26	0.00	223,467.16	2,268,140.28
（2）其他减少	9,977,355.91	0.00	0.00	63,921.58	10,041,277.49
4.期末余额	146,897,470.13	137,912,427.87	1,280,121.98	30,400,420.22	316,490,440.20
三、减值准备
1.期初余额	0.00	3,402,433.99	0.00	0.00	3,402,433.99
2.本期增加金额	0.00	0.00	0.00	0.00	0.00
（1）计提	0.00	0.00	0.00	0.00	0.00
3.本期减少金额	0.00	0.00	0.00	0.00	0.00
（1）处置或报废	0.00	0.00	0.00	0.00	0.00
4.期末余额	0.00	3,402,433.99	0.00	0.00	3,402,433.99
四、账面价值
1.期末账面价值	328,436,616.96	68,538,006.44	1,330,449.90	32,643,207.99	430,948,281.29
2.期初账面价值	339,238,778.86	63,659,020.25	1,479,178.11	35,007,570.63	439,384,547.85

# (2).暂时闲置的固定资产情况

√适用 □不适用

单位：元 币种：人民币

项目	账面原值	累计折旧	减值准备	账面价值	备注
机器设备	4,996,814.09	410,516.69	3,402,433.99	1,183,863.41

# (3).通过融资租赁租入的固定资产情况

□适用 √不适用

# (4).通过经营租赁租出的固定资产

□适用 √不适用

# (5).未办妥产权证书的固定资产情况

□适用 √不适用

# 14、 在建工程

# 项目列示

√适用 □不适用

单位：元 币种：人民币

项目	期末余额	期初余额
在建工程	19,850,552.79	12,097,031.70
合计	19,850,552.79	12,097,031.70

# 在建工程

# (1).在建工程情况

√适用 □不适用

单位：元 币种：人民币

项目	期末余额	期初余额
账面余额	减值
准备	账面价值	账面余额	减值
准备	账面价值
红豆智慧云	0.00	0.00	0.00	626,086.98	0.00	626,086.98
衬衫智能生
产线技术改
造	4,147,848.85	0.00	4,147,848.85	4,141,477.17	0.00	4,141,477.17
西服智能生
产线技术改
造	5,133,691.38	0.00	5,133,691.38	5,133,691.38	0.00	5,133,691.38
智慧全渠道
SPA 体系	0.00	0.00	0.00	1,031,374.23	0.00	1,031,374.23
智慧物流园	6,369,012.56	0.00	6,369,012.56	1,164,401.94	0.00	1,164,401.94
Aspects, General
Disclosures and KPIs	Description	Relevant Chapter or Explanation
層面，一般披露及
關鍵績效指標	描 述	相關章節或解釋
Aspect B3: Development and Training
層 面B3：發展及培訓
General Disclosure	Policies on improving employees’ knowledge and skills for discharging
duties at work. Description of training activities.	• Employment and Development
— Employee Development
一般披露	有關提升僱員履行工作職責的知識及技能的政策。描述培訓活動。	• 僱傭與發展
— 員工發展
KPI B3.1	The percentage of employees trained by gender and employee category
(e.g. senior management, middle management).	• KPIs Performance Table
— Social Area
關鍵績效指標B3.1	按 性別及僱員類 別（如高級管理層、中級管理層等）劃分的受訓僱員百
分比。	• 關鍵績效指標表現數據表
— 社會範疇
KPI B3.2	The average training hours completed per employee by gender and
employee category.	The Group is improving relevant policies
and expects to start statistics in the
next financial year.
關鍵績效指標B3.2	按性別及僱員類別劃分，每名僱員完成受訓的平均時數。	集團正在完善相關政策，預計下一財
政年度開始統計。
Aspect B4: Labour Standards
層 面B4：勞工準則
General Disclosure	Information on:
(a) the policies; and
(b) compliance with relevant laws and regulations that have a significant
impact on the issuer relating to preventing child and forced labour.	• Employment and Development
— Labour Standards
• Laws and Regulations Table
一般披露	有關防止童工或強制勞工的：
(a) 政策；及
(b) 遵守對發行人有重大影響的相關法律及規例的資料。	• 僱傭與發展
— 勞工標準
• 法律法規列表
KPI B4.1	Description of measures to review employment practices to avoid child and
forced labour.	• Employment and Development
— Labour Standards
關鍵績效指標B4.1	描述檢討招聘慣例的措施 以 避 免童工及強制勞工。	• 僱傭與發展
— 勞工標準
KPI B4.2	Description of steps taken to eliminate such practices when discovered.	• Employment and Development
— Labour Standards
關鍵績效指標B4.2	描述在發現違規情況時消除有關情況所採取的步驟。	• 僱傭與發展
— 勞工標準
Aspects, General
Disclosures and KPIs	Description	Relevant Chapter or Explanation
層面，一般披露及
關鍵績效指標	描 述	相關章節或解釋
Operating Practices
營運慣例
Aspect B5: Supply Chain Management
層 面B5：供應鏈管理
General Disclosure	Policies on managing environmental and social risks of the supply chain.	• Product and Operation
— Supply Chain
Management
— Environmental and Social
Risk Mitigation
一般披露	管理供應鏈的環境及社會風險政策。	• 產品與營運
— 供應鏈管理
— 降低環境及社會風險
KPI B5.1	Number of suppliers by geographical region.	• KPIs Performance Table
— Social Area
關鍵績效指標B5.1	按地區劃分的供應商數目。	• 關鍵績效指標表現數據表
— 社會範疇
KPI B5.2	Description of practices relating to engaging suppliers, number of suppliers
where the practices are being implemented, how they are implemented
and monitored.	• Product and Operation
— Supply Chain
Management
— Supplier Engagement
關鍵績效指標B5.2	描述有關聘用供應商的慣例，向其執行有關慣例的供應商數目、以及
有關慣例的執行及監察方法。	• 產品與營運
— 供應鏈管理
— 供應商參與
KPI B5.3	Description of practices used to identify environmental and social risks
along the supply chain, and how they are implemented and monitored.	• Product and Operation
— Supply Chain
Management
— Environmental and Social
Risk Mitigation
關鍵績效指標B5.3	描述有關識別供應鏈每個環節的環境及社會風險的慣例，以及相關執
行及監察方法。	• 產品與營運
— 供應鏈管理
— 降低環境及社會風險
# V. TIME REVERSIBILITY AWAY FROM EQUILIBRIUM – 0532 MODEL

At equilibrium the forward and backward trajectories for canonical oscillators, using any of the four ergodic sets of motion equations, are qualitatively much the same. No holes in the cross sections, good values for the even velocity moments, longtime averaged Lyapunov exponent the same for any initial condition. In short – deterministic, time-reversible, ergodic.

Away from equilibrium, thermodynamic dissipation can be investigated, still time-reversibly, by adding a localized temperature gradient \( ( d T / d q ) \, = \, [ \, \, \epsilon / \cosh ^ { 2 } ( q ) \, \, ] \) ] enabling heat transfer through a nonzero average current \( ( p ^ { 3 } / 2 ) : \)

\[ 1 - \epsilon < T < 1 + \epsilon = T ( q ) = 1 + \epsilon \operatorname { t a n h } ( q ) \longrightarrow \langle \; ( p ^ { 3 } / 2 ) \; \rangle < 0 \longrightarrow ( { \dot { S } } / k ) < 0 \ . \]

Here \( \epsilon \) is the maximum value of the temperature gradient, \( T ^ { \prime } ( 0 ) \) . The negative entropy change, causing the phase volume to shrink onto a strange attractor is due to the net heat loss from the oscillator to the coordinate-dependent 0532 thermostat temperature T(q) . From the standpoint of steady-state irreversible thermodynamics the overall heat loss is offset by an internal “entropy production” so that the net change of oscillator “entropy” vanishes. We remind the reader that Gibbs’ entropy is minus infinity for fractal attractors so that the irreversible-thermodynamics concept of nonequilibrium entropy is problematic. The artificial entropy change could be also be viewed as the result of ongoing coarse-graining ( which would artificilly increase Gibbs’ entropy ) at the level of the computational roundoff error ( in the sixteenth or seventeenth digit ).

The temperature gradient destroys the “global [ overall ] reversibility” of the motion equations. Although in principle reversible the chaotic instability of the dynamics, evidenced by a positive Lyapunov exponent, makes this “irreversibility” possible. This irreversibility is evidenced by a Lyapunov spectrum with a negative sum so that the longtime averaged distribution is a fractal strange attractor with a reduced information dimension rather than a smooth three-dimensional Gibbsian distribution.

Among the thermostats we have considered only the Nose´-Hoover equations show that a fractal attractor is not inevitable. In the Nose´-Hoover case a majority of initial conditions give rise to phase-space tori, orbits with no longtime tendency toward dissipation. All of the ergodic thermostats invariably produce small-gradient dissipation rather than tori so that their orbits exhibit what we call “global irreversibility”.

The equilibrium ( \( \epsilon \) = 0 and unit temperature \( \overrightharpoon { T } \)= 1 ) Lyapunov spectrum for the 0532 model, \( \{ \ \lambda \ \} = \{ \ + 0 . 1 4 4 , 0 , - 0 . 1 4 4 \ \} \) sums to zero corresponding to the three-dimensional
Gaussian distribution, \( f \propto e ^ { - q ^ { 2 } / 2 } e ^ { - p ^ { 2 } / 2 } e ^ { - \zeta ^ { 2 } / 2 } \). The time-averaged growth rates of infinites-imal one-, two-, and three-dimensional phase space volumes are given by

\[ \left\{ \begin{array} { l } { { \lambda _ { 1 } , } } \end{array} \lambda _ { 1 } + \lambda _ { 2 } , \ \lambda _ { 1 } + \lambda _ { 2 } + \lambda _ { 3 } } \end{array} \right\} \, . \]

In the nonequilibrium case with \( \epsilon \) = 0.50 the time-averaged spectrum becomes asymmet-ric, \( \{ ~ + 0 . 1 1 3 5 , 0 , - 0 . 1 4 5 4 ~ \} \) , corresponding to the time-averaged growth of a length or an area in phase space \( \simeq e ^ { + 0 . 1 1 3 5 t } \) but to shrinkage of an infinitesimal three-dimensional phase volume \( \otimes : \):

\[ ( \dot { \otimes } / \otimes ) = 0 . 1 1 3 5 - 0 . 1 4 5 4 = - 0 . 0 3 1 9 \longrightarrow D _ { K Y } = 2 + ( 0 . 1 1 3 5 / 0 . 1 4 5 4 ) = 2 . 7 8 \; . \]

Kaplan and Yorke’s linear interpolation predicts a strange-attractor dimension of 2.78. Cross sections of the equilibrium and nonequilibrium 0532 dynamics are shown in Figure 2 . Just as at equilibrium the nonequilibrium strange-attractor’s motion equations are time-reversible. Any forward-in-time sequence \( \{ \ + q , + p , + \zeta \ \} \) corresponds to a twin sequence \( \{ \ + q , - p , - \zeta \ \} \) with the order of the \( ( q , p , \zeta ) \) points reversed. Locally this reversed se-quence satisfies the same equations of motion with errors of order (\( d t ^ { 5 } / 1 2 0 ) \) for fourth-order Runge-Kutta integration. But any attempt to generate such a reversed sequence numer-ically fails because the Lyapunov spectrum of the reversed sequence would correspond to \( \{ ~ + 0 . 1 4 5 4 , 0 , - 0 . 1 1 3 5 ~ \} \) . The positive exponent sum indicates an unstable repellor with a diverging phase volume,\( ( \dot { \otimes } / \otimes ) = + \) 0.0319 . Any attempt to follow the repellor numerically will instead seek out the nearby attractor ( both are still ergodic, at least if \( \epsilon \) is small ) which, though unstable for a line or an area, is less so than the repellor. The repellor properties can ( only ) be observed by the expedient of storing and reversing a trajectory. The cross section associated with a stored ten-billion-point attractor trajectory is illustrated in Figure 3 . Note the lack of \( \pm p \) symmetry in the coloring of the local Lyapunov exponent, \( \lambda _ { 1 } ( t ) \) .

This instructive problem illustrates two general principles :\( : \ [ \ 1 \ ] \) the phase volume of the steady-state attractor is zero and singular everywhere despite the time-reversibility of the motion equations ; [ 2 ] any typical three-dimensional phase volume first expands and leaves the vicinity of the ( ergodic ) fractal repellor and then shrinks in order to join its mirror-image ( and likewise ergodic ) fractal attractor exponentially fast. Both these features correspond to the paucity of nonequilibrium states and to the irreversibility described by the Second Law of Thermodynamics.
Name of company	Financial period	Statutory auditors
Hubei Xinrui Automobile Sales
Services Co., Ltd.*
(湖北欣瑞汽車銷售服務有限公司)	Years ended 31 December 2007,
2008 and 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Wuhan Baoze Automobile Sales
Services Co., Ltd.*
(武漢寶澤汽車銷售服務有限公司)	Year ended 31 December 2007	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Years ended 31 December 2008
and 2009	Wuhan Wanli Accountant
Services Co., Ltd.*, reigstered
in the PRC
(武漢市萬里會計事務有限公司)
Shiyan Shenxie Automobile Trading
Co., Ltd.*
(十堰紳協汽車貿易有限公司)	Years ended 31 December 2007,
2008 and 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Shanhiga Luda Automobile Sales
Services Co., Ltd.*
(上海陸達汽車銷售服務有限公司)	Years ended 31 December 2007,
2008 and 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Changsha Ruibao Automobile Sales
Services Co., Ltd.*
(長沙瑞寶汽車銷售服務有限公司)	Years ended 31 December 2007,
2008 and 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Hubei Jierui Automobile Sales
Services Co., Ltd.*
(湖北捷瑞汽車銷售服務有限公司)	Years ended 31 December 2007,
2008 and 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Huhhot Qibao Automobile Sales
Services Co., Ltd.*
(呼和浩特市祺寶汽車銷售服務有限
公司)	Years ended 31 December 2007
and 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Year ended 31 December 2008	Wuhan Wanli Accountant
Services Co., Ltd.* reigstered
in the PRC
(武漢市萬里會計事務有限公司)
Name of company	Financial period	Statutory auditors
Yichang Baoze Automobile Sales
Services Co., Ltd.*
(宜昌寶澤汽車銷售服務有限公司)	Years ended 31 December 2007
and 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Year ended 31 December 2008	Wuhan Wanli Accountant
Services Co., Ltd.*, reigstered
in the PRC
(武漢市萬里會計事務有限公司)
Chenzhou Ruibao Automobile Sales
Services Co., Ltd.*
(郴州瑞寶汽車銷售服務有限公司)	Years ended 31 December 2007
and 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Year ended 31 December 2008	Wuhan Wanli Accountant
Services Co., Ltd.*, reigstered
in the PRC
(武漢市萬里會計事務有限公司)
Shanhiga Shenxie Shentong
Automobile Sales Services
Co., Ltd.*
(上海紳協紳通汽車銷售服務有限公
司)	Period from 31 January 2007
(date of incorporation) to 31
December 2007 and years ended
31 December 2008 and 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Nanchang Baoze Automobile Sales
Services Co., Ltd.*
(南昌寶澤汽車銷售服務有限公司)	Period from 2 June 2008 (date
of incorporation) to 31
December 2008 and year ended
31 December 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Zhuhai Baoze Automobile Sales
Services Co., Ltd.*
(珠海寶澤汽車銷售服務有限公司)	Period from 27 June 2008 (date
of incorporation) to 31
December 2008 and year ended
31 December 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
ShanhiiAga Aohu utomobile Sales
Services Co., Ltd.*
(上海奧滙汽車銷售服務有限公司)	Period from 4 December 2008
(date of incorporation) to 31
December 2008 and year ended
31 December 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
Guangzhou Baoze Automobile Sales
Co., Ltd.*
(廣州寶澤汽車銷售有限公司)	Period from 20 April 2009 (date
of incorporation) to 31
December 2009	Hubei Weiye CPA Limited*,
reigstered in the PRC
(湖北偉業會計師事務所)
# Research, design, development and marketing

Our department of research, design and development is responsible for increasing our production efficiency and effectiveness in order to improve the quality of our existing products and thereby increasing our profit margin. Further, it is responsible to advise our customers to revise the design or change the casting metal for their new parts and components in order to improve their performance or reduce the production costs. To achieve this, we conduct various tests on our sample products and new mixtures of casting metals in order to improve our product durability, flexibility and compatibility and also to reduce our production time and costs. As at the Latest Practicable Date, we have one centre for research, design and development, the Danshui Foundry.

We plan toj oin the ACHEMA exhibition in 2015 and expand our sales force in Europe. For details, please refer to the section headed “Future Plans and Use of Proceeds” in this prospectus.

# OUR PRODUCTS

Our products can be categorised into four main categories: (a) pump components;(b) filter components; (c) valve components; and (d) food machinery components. Our products can also be classified as ferrous and non-ferrous products based on whether ferrous or non-ferrous metals are used. Ferrous and non-ferrous metals have different
properties and thus are used in applications where their respective properties can be utilised. The following table sets forth the breakdown of our Group’s revenue by types of products during the Track Record Period:

Product type	Year ended 31 December
2013	2014
HK$’000	%	H K$’000	%
Pump components	25,802	48.6	27,127	44.3
Filter components	13,135	24.7	14,249	23.3
Valve components	6,780	12.8	11,474	18.8
Food machinery
components	5,244	9.9	6,321	10.3
Others (Note 1)	2,153	4.0	2,023	3.3
Total:	53,114	100.0	61,194	100.0

Note:

1. It includes mining equipment components, lighting equipment components and sports equipment components.
Note
附註	2020
二零二零年	2019
二零一九年
RMB’000
人民幣千元	RMB’000
人民幣千元
Assets 資產
Non-current assets 非流動資產
Property, plant and equipment 物業、廠房及設備	11	26471,5	259,152
Investment properties 投資物業	12	1,027,610	1,025,004
Intangible assets 無形資產	13	364,031	332,252
Investments accounted for using 按權益法入賬的投資
the equity method	15	9162,56	654,872
Deferred income tax assets 遞延所得稅資產	16	142,8,001	834,614
4,000,613	3,105,894
Current assets 流動資產
Completed properties held for sale 持作出售的已竣工物業	17	61,6542,6	3,037,052
Properties under development for sale 持作出售的開發中物業	18	50,085,317	30,969,759
Contract assets 合約資產	5	6952,39	700,000
Trade and other receivables and deposits 貿易及其他應收款項
以及按金	19	2,838,368	2,595,926
Prepayments 預付款項	19	2,376,585	1,858,769
Amounts due from joint ventures 應收合營企業款項	33	11971,8	59,949
Amounts due from associates 應收聯營公司款項	33	14772,0,0	482,845
Amounts due from non- 應收非控制性權益款項
controlling interests	32	4,00044,6	3,951,248
Income tax recoverable 可收回所得稅	415,878	788,393
Restricted cash 受限制現金	20	41,56,859	3,965,210
Cash and cash equivalents 現金及現金等價物	20	9,64942,3	11,094,295
81,973,565	59,503,446
Total assets 總資產	85,97417,8	62,609,340
Equity 權益
Equity attributable to owners 本公司所有者應佔權益
of the Company
Share capital 股本	21	139,632	139,632
Reserves 儲備	22	6,66742,3	5,041,820
6,807,055	5,181,452
Non-controlling interests 非控制性權益	6142,0,60	4,453,096
Total equity 總權益	12,947,675	9,634,548