TigerResearch/tigerbot-earning-plugin huggingface dataset:
First, the industry-city space development segment achieved outstanding results and project expansion was fruitful. The real estate business recorded operating revenue of RMB1,914 million, accounting for 51.6% of the total operating revenue. During the Reporting Period, the Group actively participated in the fiercely competitive land auction market, successfully winning the first and second batches of land plots for the Yangzhou Slender West Lake Science and Innovation City urban-industry integration project, adding approximately 230,000 square meters to the Group's land reserves. This project provides solid support for the Group's future sustainable development, deep cultivation in theYangtze River Delta region, and strengthening of the urban-industry strategic layout. Moreover, the Group's various business lines, such as cost, design, and engineering, continuously strengthened node targets and resource protection coordination while adhering to market-oriented management concepts and highly coordinated cooperation. Comprehensive planning and project construction were carried out in advance, including project scheme design, bidding and procurement, target cost determination, and on-site construction. The projects in Bangling, Guangming, Humen, and Yangzhou were efficiently and orderly developed, with the refined management system for the entire real estate project development process taking shape. Furthermore, the Guanlan Bangling project, the first urban-industry integrated project in the Longhua Guanlan area that the Company has implemented through a market-oriented approach, obtained confirmation of the main body for the first and second phases, completed the bidding for the total contract engineering and the demonstration area scheme. The project development has gradually transitioned from the early stage to substantial construction and sales stages. Projects such as Yulin Lushan, Tianjun Industrial Park, Baolu Plot, Fuyuan Industrial Zone, Huiyang Danshui, and Xuzhou Phase II have also made significant breakthrough progress.
Second, the property management segment grew steadily and continued to accelerate market expansion. The operating revenue from property management was RMB1,667 million throughout the year, accounting for 44.95% of the total operating revenue, remaining the Group's second-largest revenue source and increasing its share. During the Reporting Period, efforts were made to actively expand property management projects, with the managed area exceeding 35 million square meters. This resulted in winning honors such as "Top 100 Comprehensive Strength of Chinese Property Service Enterprises in 2022," continuously enhancing brand value and reputation. Furthermore, the operating performance of the International Trade Science and Technology Park exceeded the promised net profit by nearly RMB28 million, successfully fulfilling the three-year performance commitment of mergers and acquisitions. The management rights switch and integration of the five newly acquired companies proceeded smoothly and orderly. Efforts were made to undertake diverse formats such as hotels and sports venues for the first time. Concurrently, inventory and profit and loss analysis of managed projects were carried out, formulating a series of measures to improve quality and efficiency, providing scientific and referable experiences and models for subsequent project acquisition and operation. Additionally, efforts were made to actively promote upstream and downstream mergers and acquisitions in the industrial chain, strategically investing in China Construction Science and Industry Group's smart parking company. The first phase of the International Trade Cloud 2.0 digital platform was successfully constructed and deployed, further promoting the digital and intelligent transformation of the property management sector. Various measures were taken to improve labor efficiency, exploring the establishment of market-oriented expansion incentive mechanisms, implementing the Market Expansion Reward Management Measures and other systems, and actively promoting the coordination and cost management of the security business.
Third, quality and efficiency were improved and core operating capabilities were cultivated for the industrial ecological operation and other segments. The operating revenue from property rental throughout the year was RMB128 million, accounting for 3.45% of the total operating revenue. In recent years, the Company has taken various steps to accelerate its transformation and upgrading, explored the establishment of an incremental sharing mechanism and intensified project expansion. Besides, core operating capabilities were cultivated in multiple paths and the transformation of the current simple leasing business mode to a commercial operation mode was promoted, thereby boosting the development and growth of the industrial ecological operation segment. During the Reporting Period, the industrial operation sector cultivated core operational capabilities through multiple paths, such as improving asset quality and efficiency and exploring the establishment of incremental sharing mechanisms. The company made all-out efforts to stabilize tenants, rents, and expectations, with a property leasing rate of approximately 94.9% and rent collection rate of approximately 97.3%. Additionally, the company actively implemented rent reduction policies, resulting in a cumulative reduction of rent by about RMB50.36 million, benefiting 705 tenants and demonstrating the responsibility of state- owned enterprises. Furthermore, the company accelerated the transformation and upgrading of existing assets and revitalized their utilization, after completing the disposal of 17 low-efficiency assets. An estimated increase of about RMB55 million in revenue is expected. In terms of industrial investment promotion, the Group released the "Industrial OperationWhite Paper" within the year, building a "1+2+3+N" industrial strategy system through multiple channels. The company also explored the in-depth property development strategy and vigorously promoted investment promotion work for Bangling, Yangzhou, and International TradeMall upgrade projects.
Name of land lot or project|| Planned| Site area(m2)| Floor area with plot| How the| The| Total land| Considerati on of the
| Location|use of land||ratio(m2)|obtained land is| Company’s interest|(RMB’0,00 price 0)|(RMB’0,00  Company’s interest
 Land Lot No. GZ342 in Yangzhou City| Pingshan Village, Hanjiang District, Yangzhou City| Commer cial and residenti al||| Open market|||0)
|||195,633|305,496.40||67.00%||55,968.64
|||||||83,535.29|
 Land Lot No. GZ399 in Yangzhou City| Pingshan Village, Hanjiang District, Yangzhou City| Commer cial and residenti al|35,979|64,762.20| Open market|67.00%|17,917.54|12,004.75
Cumulative land bank:
Name of project/area Site area(0,000m2)Floor area(0,000m2)
Land in Danshui, Huiyang District, Huizhou City|1.77|4.25|4.25
 Land in Hongqi Town, Haikou City|15.80|-|-
 Total|17.57|4.25|4.25
Development status of major projects:  Cumulat|||||| Planned floor area| Floor area that complet ed||
% de ve ive floor area that|||| Time for commen|||| Estimate d total|
 Name of project % that has has| Locati on|| The|| Site area(m2)||||ive nt
pe lo construction completed tion in the construc complet ed|| Usage| Company’ s interest|construc cement of||ratio with plot|construc|(RMB’0 investm ent|
d  Period tion(m2)||||tion||(m2)| Current|,000)|
 Fuhui Huayua n  U nd er co  Main work completion filing completed,| Futian Distric t||||||(m2)||
tru ns decoration and fine 0|| Resident ial|100.00%|2018.12|4,274|33,430|0|91,133.00|
cti on completed and accepted|||||||||
 Guanlan  U nd er  Phase I is going through land use approval formalities, Phase II has earthwork, foundation pit| Longh| Resident ial, commer|||||||
 Banglin g tru co ns foundation supporting and pile 0 00| Distric ua t|apartme nts and cial|69.00%|2020.10|68,298|433,640|0|694,150.|
cti on under construction, and certain land lot is going through main body construction||industria l|||||||
 Yutang Shangfu  U nd er co ns tru cti on  All engineering piles completed, basement(±0.000) completed, and 4 floors of main body completed 0| Guang ming Distric t| Resident ial|100.00%|2022.03|14,901|81,960|0|258,818.56|
 Sea Bay  U nd  Basement 0| Hume| Resident|100.00%|2022.03|51,687|113,713|0|321,173.|
Ci ty/ re gi on
Cumulat investme(RMB’0
Sh en zh en
77,396.00
468,620.22
179,227.88
236,156.79
gg ua n Ci ty  Town||||er co ns tru cti on|±0.000 floor beams completed for main body, tower building completed to 6/F||||||||
 Ya ng zh ou Ci ty  Pingsh an Villag e  Industri al, office and residenti al 67.00% 231,612| Yangzho u Shouxih u project||2023.03| To be co ns tru ct ed|-|370,258||||0|0|377,479.00|86,396.63
 X uz ho u Ci ty  Tongs han Distric t  Resident ial 100.00% 31,537| Banshan Yujing(Phase II)||2019.03| C o m pl et|100.00%|22,795||22,795|||22,795|24,700.00|22,964.00
 Floor  Cumulativ e pre- sold/sold| Sales status of major projects:| The Compa ny’s| Floor area with plot|ed|| Floor area pre- sold/sold in the|| Pre- sale/sale s revenue generate||| Cumulativ e settled floor area(m2)| Floor area settled in the| Pre- sale/sale s revenue settled
 City/regi on  Usage area| Name of||||availabl||||||||
 Location e for sale floor area (m2)|projec t|interes t|(m2 ratio||| Current  Period|| Current in the|||| Current  Period| Current in the
 Intersection of Futian South Road and Binhe Road in Futian District (m2)| Golde n Collar’s Resort apart ments||)|||(m2)|| Period(RMB’0,000)||||(m2)| Period(RMB’0,000)
She nzhe n  Residential, studio apartments and commercial 119,004.99||100.00%|133,800.60||125,231.07|12,479.71||110,446.58|||119,004.51|18,643.91|159,276.00
 Yan gzho u City  Intersection of Shouxihu Road and  Residential| Hupan Yujing Phase I||||||||||||
units, shops, apartments,||100.00%|36,141.28||48,870.98||||||||
parking 43,023.81||||||200.94||77.30|||43,023.81|200.94|70.92
 Hangou  Road garages and lots|||||||||||||
 Xuz hou City 6 Huashan Road, Tongshan District  Residential 21,720.72| Bansh an Yujing Phase II|100.00%|22,794.76||21,720.72||-||-||21,660.46|21,660.46|25,308.38
 Don ggua n City  Dalang Town, Dongguan City  Residential and commercial 140,911.00| Songh u Langy uan|100.00%|147,139.96||140,911.00|108.00||88.34|||149,349.84|108.00|84.13
Yan gzho u City  Intersection of Shouxihu Road and  Residential units, shops, apartments, parking 70,050.02| Hupan Yujing Phase II|100.00%|56,935.75||73,121.96|1,716.05||2,481.69|||70,030.91|1,716.05|2,339.25
 Hangou  Road garages and lots|||||||||||||
Rental status of major projects:
Name of project Location Usage TheCompany’sRentable area(m2)Cumulativerented areaAverageoccupancy
XiApartments(Longyuan)  Apartments for long-term rental|working interest||(m2)|rate
 Shenzhen|100.00%|3,967.05|3,967.05|100.00%
 XiApartments (Longhua)  Shenzhen long-term rental  Apartments for|100.00%|1,609.42|1,609.42|100.00%
 XiApartments (Xinhu)  Shenzhen long-term rental  Apartments for|100.00%|1,600.00|1,600.00|100.00%
 DonghuApartments  Shenzhen long-term rental  Apartments for|100.00%|8,253.80|6,163.71|74.68%
 Food Court in the International Trade Center  Shenzhen  Commercial|100.00%|4,152.47|1,534.30|36.95%
 Fumin Complex  Shenzhen  Commercial, apartments|100.00%|5,899.00|4,771.92|80.89%
TowerA ofWenjindu Port Building  Shenzhen  Office building|75.00%|5,884.30|5,619.30|95.50%
 Haiwai Lianyi Building  Shenzhen units and offices  Commercial|75.00%|9,313.78|9,313.78|100.00%
 Anhua Building  Shenzhen  Offices|75.00%|1,414.00|1,414.00|100.00%
 Pengfu Building  Shenzhen  Offices|75.00%|6,494.00|6,494.00|100.00%
 Jinfu Building  Shenzhen  Shenzhen  Commercial|75.00%|1,702.70|1,652.70|97.06%
 Jinfu Building  Shenzhen  Shenzhen  Commercial|100.00%|567.56|567.56|100.00%
 Fuxing Garden  Shenzhen  Residential/com mercial|75.00%|5,787.22|5,787.22|100.00%
Fuxing Garden  Shenzhen  Commercial|100.00%|1,417.15|1,417.15|100.00%
 Plant area in Tangxia Town, Dongguan City  Dongguan City  Plant|75.00%|1,782.00|1,782.00|100.00%
 Pacific Business Building  Shenzhen  Commercial units/offices|75.00%|3,149.03|2,385.42|75.75%
 Pacific Business Building  Shenzhen  Commercial units/offices|15.00%|14,888.76|12,344.33|82.91%
 Kangti Building  Shenzhen  Commercial units/offices|75.00%|2,095.87|1,925.47|91.87%
 Kangti Building  Shenzhen  Commercial units/offices|15.00%|1,146.81|1,146.81|100.00%
 Lyuhua Building  Shenzhen  Commercial and residential|75.00%|7,106.95|6,869.19|96.65%
Shops on the ground floor of Tower 48 in Lianhua North Village  Shenzhen  Shops|75.00%|1,000.34|1,000.34|100.00%
 Haonianhua Building  Shenzhen  Apartments and commercial units|100.00%|1,939.56|1,939.56|100.00%
 Haonianhua Building  Shenzhen  Apartments and commercial units|75.00%|2,277.90|2,240.73|98.37%
 Hostel 2 at Yuxin School  Shenzhen  Hostel|75.00%|3,000.00|3,000.00|100.00%
 Kaifeng Garden in Shangmeilin  Shenzhen  Residential|100.00%|1,306.82|922.44|70.59%
 Fuyuan Industrial Zone  Shenzhen  Plant area|75.00%|47,131.40|47,131.40|100.00%
 Tonglu Industrial Zone  Shenzhen  Plant area|100.00%|76,886.26|73,408.48|95.48%
Jiangling Industrial Zone  Shenzhen  Plant area|75.00%|10,396.64|10,396.64|100.00%
 Zone 21  Shenzhen  Commercial/offi ces|75.00%|9,514.30|9,434.30|99.16%
 Baoli Community  Shenzhen  Residential|75.00%|9,020.07|8,208.79|91.01%
 Songgang Plant  Shenzhen  Plant area|75.00%|5,700.00|5,700.00|100.00%
Longbu Plant| Shenzhen| Plant area|75.00%|7,471.36|7,471.36|100.00%
 Gonglu Building in Huanggang| Shenzhen| Offices|75.00%|4,599.72|4,552.84|98.98%
 Yuetong Complex| Shenzhen| Offices|75.00%|3,044.00|3,044.00|100.00%
 Department Store Plaza| Shenzhen| Offices|33.00%|12,751.15|12,751.15|100.00%
 Southern Securities Building| Shenzhen| Offices|33.00%|8,809.80|2,194.82|24.91%
 Building 409, Sangda Industrial Zone| Shenzhen| Plant area|33.00%|3,309.20|3,309.20|100.00%
 Mianshui Studio Apartment| Shenzhen| Apartment|33.00%|3,440.12|3,440.12|100.00%
 Xiangfu Building| Shenzhen| Commercial|33.00%|3,109.40|3,109.40|100.00%
Primary land development:
Financing channels:
Financing channel| Ending balance of financings| Financin g cost range/av erage financin g cost|| Maturity structure||
||| Within 1 year|1-2 years|2-3 years| Over 3 years
 Bank loans|3,809,915,668.00|4%-6%|126,500,000.00|2,999,400,000.00|523,600,000.00|160,415,668.00
 Total|3,809,915,668.00|4%-6%|126,500,000.00|2,999,400,000.00|523,600,000.00|160,415,668.00
Development strategy and operating plan for the coming year:
Under the macro-economic environment of "triple pressure" in 2023 and amid the overall downward development trend of the conventional real estate market, SZPRD will actively search for the strategic breakthrough direction, comprehensively connect with the major strategic orientation of the state-owned asset system and firmly grasp the core processes of stock asset value management and industrial ecological operation services. Relying on the principle of "expanding the main business and making breakthroughs", efforts will be doubled to develop four major businesses, i.e., industry-city space development, property management services, industrial ecological operation and main business ecosystem investment, and guide high-quality development with a new development philosophy.
In terms of land reserves, SZPRD plans to expand and boost its land reserves through market competition and capital operations. The group's focus will remain on the Guangdong-Hong Kong-Macao Greater Bay Area, the Yangtze River Delta, and other regions with promising economic development prospects. To expedite project execution, the group will actively facilitate market- oriented bidding, auctioning, and listing, as well as pursue industrial land acquisition, urban renewal, and project cooperation. To promote both construction and sales repayment, SZPRD will accelerate project development in 2023. The group will prioritize ongoing project design management and approval work, showcasing high-quality and high-standard demonstration areas and image displays for each project. While ensuring quality, safety, and environmental protection, the group will comprehensively advance project construction by proactively responding to uncertain market conditions and focusing on the core goal of "cash inflow." To coordinate development and business operations effectively, the group's headquarters will work hard on "speeding up, expanding, empowering, and producing results." The group will deepen the management functions of the platform company, continuously enhance development capabilities in product planning, project operation, accelerated destocking, and centralized procurement, establish unified standards, deepen lean management, and further strengthen the overall advantages of the group's real estate sector. To begin with, it is essential to coordinate the development of major and complex projects. This involves expediting the construction and development of various projects, such as the Humen Coastal Harbor Project, Guangming Yutang
Shangfu Project, Guanlan Bengling Urban Renewal Project, and Yangzhou Project. Additionally, efforts should be made to facilitate the timely completion and acceptance of the second phase of Fuchang's fine decoration. The second objective is to promote the preliminary work of urban renewal projects and ensure the group's future success. The Pingshan Tianjun Industrial Park Project should aim to complete the signing of the demolition memorandum and demolition compensation agreement, while the Fuyuan Industrial Park Project should focus on updating the unit scope, unit change, plan approval, and special planning preparation. The third priority is to enhance marketing and trading capabilities to meet sales targets. Opportunities in the market should be seized to promote the sales liberalization of residential properties in Humen, Guangming, and Bengling projects, finish delivery of the second phase of Fuchang and other works.
For details, please refer to "XI Prospects" in “Part III Management Discussion and Analysis" in the 2022 annual report. The above business plan and business objectives do not represent the listed Company’s profit forecast for 2023. Whether it can be achieved depends on various factors including changes in market conditions and the effort made by the management team. Investors must pay special attention to that because there exists huge uncertainty.
Provision of guarantees for homebuyers on bank mortgages:
As a usual practice for real estate developers, the Company has been providing guarantees and security deposits for its homebuyers on their bank mortgages. As at 31 December 2022, security deposits for such outstanding guarantees amounted to RMB1,131,041.58, which will be returned upon the expiry of the guarantees, i.e. when the relevant homebuyers paid off their bank mortgages.
Joint investments by directors, supervisors and senior management and the listed company (applicable for such investments where the directors, supervisors and seniormanagement are the investment entities):
Applicable □Not applicable|| Amount of investment(RMB’0,000)||||| Compatibility of actual investment
 Name of project| Type of investment entity||% of investment amount| As % of the peak of the project funds| Cumulativ e income| Disinv estme nt|amount and distributed
 Urban Renewal of Bangling Section at Guanlan Street| Mandatory investment entities (including directors and senior management)||||||income
||2,647.00|66.18%| N/A|0| None| N/A
| Voluntary investment entities|1,353.00|33.82%| N/A|0| None| N/A
Note: Since this is an ongoing project, the peak of the project funds, cumulative income and disinvestment are unknown. For details, please refer to the relevant announcements disclosed by the Company on www.cninfo.com.cn dated 9 November 2019.
Advantages in brand and cultural accumulation: SZPRD, a state-owned enterprise in Shenzhen, has forged an unparalleled legacy of pioneering development over the past four decades. The company has crafted a diversified development pattern with real estate development at the forefront, accompanied by urban renewal, property management, asset operation, and industrial investment. The brand value and comprehensive strength of "Shenzhen Property," imbued with the spirit of reform and opening up in international trade, have garnered significant market recognition. Born from the World Trade Building, the company has flourished through reform and opening up, coexisting and flourishing alongside the miraculous city of Shenzhen. The corporate culture of "daring to be the first and striving for transformation" intermingles with the "pioneering spirit" of surmounting challenges, providing guidance in advancing the remarkable progress of SZPRD from "Shenzhen speed" to "Shenzhen quality."
Market-oriented advantages: In accordance with the market-oriented pace of a small change in a year and a big change in three years, the Group continues to innovate institutional mechanisms, deepen internal reforms, and actively benchmark with industry models for market-oriented operation, which significantly stimulates the vitality and momentum of the Group's high-quality development. In recent years, the Guanlan Bangling project pioneered the cooperation between state-owned enterprises and private enterprises in developing urban renewal projects, marking the first fully market-oriented urban renewal project in the history of the Group, and took the lead in implementing the follow-on investment system for urban renewal projects in the city's state-owned capital system. With regard to the property management segment, the Company actively explores projects outside Guangdong Province, and enhances market-oriented expansion, which has effectively increased the Company’s competitiveness in China’s property management market. The Company has simultaneously established a multi-level incentive and restraint mechanism including follow-on investment and long-term incentives, allocating resources, selecting talents and assessing rewards and punishments according to the market-oriented approach.
Whole industry chain advantage: Over the years, the Group has formed the advantage of the whole industry chain in the whole process of project acquisition, development and construction, investment and sales, leasing management and property management, especially in the area of high-end park basic services and property management quality services, which has formed obvious segmentation advantages and forged the core competitive ability of the Company.
City-industry integration advantage: The Company's space development division endeavors to develop a abundance of business types, encompassing residential, high-end apartments, office buildings, and industrial parks. From the earliest urban complex of Shenzhen International Trade Center Building, Huanggang Port area development to the development and operation of large city- industry complex project of Guanlan Bangling urban renewal project, the Group's advantages of city-industry complex development products have been highlighted, and with the implementation of a series of urban renewal projects and industrial projects, the advantages of city-industry complex will be further consolidated and enhanced.
Advantages as a holding subsidiary of a Fortune Global 500 company: Shenzhen Investment Holdings Co., Ltd., the controlling shareholder of the Company, has been committed to building a world-leading state-owned capital investment and operation company and a financial holding group. It has now developed into a state-owned capital investment company focusing on fintech, technology parks, infant industries and high-end services. It was listed in Fortune Global 500 companies in 2022 with operating revenue of RMB242.5 billion and ranked 372nd on the list, 24 places higher than that in 2021. Relying on the controlling shareholder's advantages in the whole industrial chain of technology parks, the Company carries out active transformation and upgrading and concentrates on the development and construction of industry-city complexes, heralding a broader development prospect.
See contents under the heading “II PrincipalActivity of the Company in the Reporting Period”above in “Management Discussion andAnalysis”.