深物业B:2025年半年度报告(英文版)

2025 Semi-annual Report of Shenzhen Properties & Resources
Development (Group) Ltd.
(Announcement No.: 2025-47)
[August 2025]

Section I Important Notes, Table of Contents and Interpretations
The Board of Directors, Board of Supervisors, directors, supervisors and
senior officers of the Company guarantee the authenticity, accuracy and
completeness of the contents of the semi-annual report, and bear individual
and joint legal liabilities for any false records, misleading statements or major
omissions.
Principal WANG Hangjun, Chief Finance Officer CAI Lili and Chief
Accountant (accounting officer) CAI Kelin declare that they guarantee the
authenticity, accuracy and completeness of the financial report in the Semi-
annual Report.
All directors have attended the board meeting at which this semi-annual
report was considered.
Part of the Company's semi-annual report involves the description of
future business plans or business work arrangements. The implementation of
relevant plans or arrangements is affected by many factors and does not
constitute the Company's substantive commitment to investors. Investors and
relevant persons should maintain sufficient risk awareness and understand the
differences between plans, forecasts and commitments.
The Company plans not to distribute cash dividends, issue bonus shares,
or increase share capital through capitalization of reserves.

Table of Contents

Section I Important Notes, Table of Contents and Interpretations...... 2
Section II Company Profile and Major Financial Indicators......6
Section III Management's Discussion andAnalysis......9
Section IV Corporate governance, Environment and Society......28
Section V Important Matters......30
Section VI Changes in Shares and Shareholders......39
Section VII. Bonds......45
Section VIII Financial Reports......46
Section IX Other Submitted Data......241
List of Reference Documents
I. Financial statements signed and sealed by the Company's Principal, Chief Finance
Officer, and Chief Accountant (accounting officer).
II. The originals of all the Company's documents and announcements that have been
publicly disclosed during the reporting period.
 

Interpretations
Item of interpretations Refers to Interpretations
The Company, the Group, SZPRD Refers to Shenzhen Properties & Resources Development (Group)
Ltd.
Shenzhen Investment Holdings Refers to Shenzhen Investment Holdings Co., Ltd.
Huangcheng Real Estate Refers to Shenzhen Huangcheng Real Estate Co., Ltd.
Dongguan Company Refers to Dongguan ITC Changsheng Real Estate Development
Co., Ltd.
Xuzhou Company Refers to SZPRD Xuzhou Dapeng Real Estate Development Co.,
Ltd.
Yangzhou Company Refers to SZPRD Yangzhou Real Estate Development Co., Ltd.
Wuhe Urban Renewal Refers to Shenzhen Wuhe Urban Renewal Co., Ltd.
Rongyao Real Estate Refers to Shenzhen Rongyao Real Estate Development Co., Ltd.
International Trade Center Property Management Refers to Shenzhen International Trade Center Property
Management Co., Ltd.
ITC Technology Park Refers to Shenzhen ITC Technology Park Service Co., Ltd.
Guomaomei Life Service Refers to Shenzhen Guomaomei Life Service Co., Ltd.
Shenzhen Property Commercial Operation Refers to Shenzhen Property Commercial Operation Co., Ltd.
Guomao Catering Refers to Shenzhen Guomao Catering Co., Ltd.
Supervision Company Refers to Shenzhen Property Engineering and Construction
Supervision Co., Ltd.
Wuhe Industry Investment and Development Refers to Shenzhen Wuhe Industry Investment and Development
Co., Ltd.
Shenzhen Property Management Refers to Shenzhen Property Management Co., Ltd.
Foreign Trade Property Refers to Shenzhen Foreign Trade Property Management Co., Ltd.
Shenfubao Property Refers to Shenzhen Shenfubao Property Development Co., Ltd.
Shenfubao Municipal Service Refers to Shenzhen Shenfubao Municipal Service Co., Ltd.
Security Service Refers to Shenzhen Free Trade Zone Security Serv