ShenZhen Properties & Resources Development (Group) Ltd. Interim Report 2022 (Summary)

Stock Code: 000011 200011 Stock Name: PRD PRD-B Announcement No. 2022-35

SHENZHEN PROPERTIES & RESOURCES DEVELOPMENT

(GROUP) LTD.INTERIM REPORT 2022 (SUMMARY)

Part I Important Notes

This Summary is based on the full Interim Report of ShenZhen Properties & Resources Development (Group) Ltd. (together with its

consolidated subsidiaries the “Company” except where the context otherwise requires). In order for a full understanding of the

Company’s operating results financial condition and future development plans investors should carefully read the aforesaid full

report which has been disclosed together with this Summary on the media designated by the China Securities Regulatory

Commission (the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:

□ Applicable □ Not applicable

Board-approved interim cash and/or stock dividend plan for ordinary shareholders:

□ Applicable □ Not applicable

The Company has no interim dividend plan either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:

□ Applicable □ Not applicable

This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or

misunderstandings between the two versions the Chinese versions shall prevail.Part II Key Corporate Information

1. Stock Profile

Stock name PRD PRD-B Stock code 000011 200011

Stock exchange for

Shenzhen Stock Exchange

stock listing

Contact information Board Secretary Securities Representative

Name Zhang Gejian Ding Minghua and Chen Qianying

20/F International Trade Center Renmin South 39/F International Trade Center Renmin South

Office address Road Luohu District Shenzhen Guangdong Road Luohu District Shenzhen Guangdong

Province P.R.China Province P.R.China

1ShenZhen Properties & Resources Development (Group) Ltd. Interim Report 2022 (Summary)

Tel. 0755-82211020 0755-82211020

E-mail address 000011touzizhe@szwuye.com.cn 000011touzizhe@szwuye.com.cn

2. Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.□ Yes □ No

Reason for retrospective restatement:

Business combination involving entities under common control.H1 2021 Change (%)

H1 2022

Before Restated Restated

Operating revenue (RMB) 1988299840.24 2540865139.25 2706785638.30 -26.54%

Net profit attributable to the listed

250802157.71676375523.75677467066.42-62.98%

company’s shareholders (RMB)

Net profit attributable to the listed

company’s shareholders before 256650611.05 669858491.21 669197895.76 -61.65%

exceptional gains and losses (RMB)

Net cash generated from/used in

-395994231.091137570780.731141561301.92-134.69%

operating activities (RMB)

Basic earnings per share (RMB/share) 0.4208 1.1349 1.1367 -62.98%

Diluted earnings per share (RMB/share) 0.4208 1.1349 1.1367 -62.98%

Weighted average return on equity (%) 5.40% 16.98% 16.50% -11.10%

31 December 2021 Change (%)

30 June 2022

Before Restated Restated

Total assets (RMB) 15166310790.81 14581897151.76 14828989745.60 2.27%

Equity attributable to the listed

4137968023.074486110790.394583266959.57-9.72%

company’s shareholders (RMB)

3. Shareholders and Their Holdings as at the End of the Reporting Period

Unit: share

Number of ordinary Number of preferred shareholders with resumed

501230

shareholders voting rights (if any)

Top 10 shareholders

Shares in pledge

Shareholdin

Nature of Number of marked or frozen

Name of shareholder g Restricted shares

shareholder shares Shar

percentage Status

es

Shenzhen Investment State-owned legal

50.57%3014146373326

Holdings Co. Ltd. person

Shenzhen State-

Domestic non-

owned Equity

state-owned legal 6.38% 38037890 0

Management Co.person

Ltd.China Orient Asset

State-owned legal

Management Co. 2.77% 16491402 0

person

Ltd.Industrial and

Commercial Bank of

China Limited－ Other 0.37% 2188634 0

Southern China

Securities Full Index

Real Estate Trading

Open-ended Index

2ShenZhen Properties & Resources Development (Group) Ltd. Interim Report 2022 (Summary)

Securities Investment

Fund

Domestic natural

Duan Shaoteng 0.29% 1755565 0

person

Shenzhen Duty-Free Domestic non-

Commodity state-owned legal 0.29% 1730300 1730300

Enterprises Co. Ltd. person

Hong Kong

Foreign legal

Securities Clearing 0.27% 1583091 0

person

Company Ltd.Domestic natural

Yang Yaochu 0.26% 1520384 0

person

Domestic natural

Li Xinyi 0.25% 1500000 0

person

Domestic natural

Wu Wenkai 0.20% 1200000 0

person

The largest shareholder Shenzhen Investment Holdings Co. Ltd. is the

Related or acting-in-concert parties among controlling shareholder of the Company and Shenzhen State-owned Equity

the shareholders above Management Co. Ltd. And the Company does not know whether there are related

parties or acting-in-concert parties among the other shareholders.Shareholders involved in securities margin

N/A

trading (if any)

4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period

Change of the controlling shareholder in the Reporting Period:

□ Applicable □ Not applicable

The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:

□ Applicable □ Not applicable

The actual controller remained the same in the Reporting Period.

5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable □ Not applicable

No preferred shareholders in the Reporting Period.

6. Outstanding Bonds at the Date when this Report Was Authorized for Issue

□ Applicable □ Not applicable

Part III Significant Events

□ Applicable □ Not applicable

(I) Matters on winning of the bid for land use right

On 18 February 2022 the Company and Yangzhou Lvfa Real Estate Co. Ltd. by joint bidding won the state-owned land use

right of No. GZ342 land plot in Pingshan Township Yangzhou at a price of RMB835352910 in the online listing auction of

3ShenZhen Properties & Resources Development (Group) Ltd. Interim Report 2022 (Summary)

state-owned construction land use right in Yangzhou. For details see the Announcement on Winning of the Bid for Land Use

Right (Announcement No.: 2022-02) disclosed by the Company on Cninfo (www.cninfo.com.cn) on 19 February 2022.(II) Matters on appointment of senior managers of the Company

The Company held the Sixth Meeting of the 10th Board of Directors on 21 February 2022 where the Proposal on Appointment of

General Manager of the Company the Proposal on Appointment of Deputy General Manager and Officer in Charge of Finance of

the Company and the Proposal on Appointment of Chief Financial Officer of the Company were reviewed and approved and the

Board of Directors agreed to appoint Mr. Wang Hangjun as general manager of the Company Mr. Chen Hongji Ms. Cai Lili Mr.Li Peng and Mr. Zhang Gejian as deputy general managers of the Company with Ms. Cai Lili concurrently serving as officer in

charge of finance of the Company and Ms. Shen Xueying as chief financial officer of the Company. The term of office of the

senior managers above starts from the date of review and approval at the Sixth Meeting of the 10th Board of Directors and expires

on the date of expiration of the term of office of the 10th Board of Directors. For details see the Announcement on Appointment

of Senior Managers of the Company (Announcement No.: 2022-04) disclosed by the Company on Cninfo (www.cninfo.com.cn)

on 22 February 2022.(III) Matters on progress of acquisition by the wholly-owned subsidiary of 100% equity in Shenzhen Property

Management Co. Ltd. three enterprises owned by Shenzhen Shenfubao (Group) Co. Ltd. and Shenzhen Foreign Trade

Property Management Co. Ltd. and progress of relevant connected transactions

During the Reporting Period all relevant procedures for industrial and commercial change registration were handled and the

Notice of Change (for Recordation) approved by Shenzhen Market Supervision Administration was obtained for acquisition by

Shenzhen International Trade Center Property Management Co. Ltd. (a wholly-owned subsidiary of the Company) of 100%

equity in Shenzhen Property Management Co. Ltd. Shenzhen Shenfubao Property Development Co. Ltd. Shenzhen Shenfubao

Hydropower Municipal Service Co. Ltd. Shenzhen Free Trade Zone Security Service Co. Ltd. and Shenzhen Foreign Trade

Property Management Co. Ltd. For details see the Announcement on Progress of Acquisition by the Wholly-owned Subsidiary of

100% Equity in Shenzhen Property Management Co. Ltd. and Progress of Relevant Connected Transactions (Announcement No.:

2022-01) Announcement on Progress of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Three Enterprises

Owned by Shenzhen Shenfubao (Group) Co. Ltd. and Progress of Relevant Connected Transactions (Announcement No.: 2022-

05) and Announcement on Progress of Acquisition by the Wholly-owned Subsidiary of 100% Equity in Shenzhen Foreign Trade

Property Management Co. Ltd. and Progress of Relevant Connected Transactions (Announcement No.: 2022-06) disclosed by the

Company on Cninfo (www.cninfo.com.cn) respectively on 15 February 2022 and 25 February 2022.(IV) Matters on changes of directors and supervisors of the Company

During the Reporting Period Mr. Wei Xiaodong a director of the Company applied for resignation from the position of non-

independent director and staff representative director of the 10th Board of Directors for reason of job transfer; Mr. Dai Xianhua a

supervisor of the Company applied for resignation from the position of supervisor and chairman of the Board of Supervisors for

reaching the statutory retirement age. The Company held the Congress of Workers and Staff on 29 June 2022 where Mr. Zhang

Zhimin was elected as staff representative director of the 10th Board of Directors of the Company whose term of office shall

expire upon expiration of the term of office of the 10th Board of Directors. The Company held the Seventh Meeting and Eighth

Meeting of the Tenth Board of Supervisors respectively on 4 July 2022 and 20 July 2022 and held the General Meeting of

Shareholders on 20 July 2022 where Mr. Ma Hongtao was elected as supervisor and chairman of the Board of Supervisors whose

term of office shall expire upon expiration of the term of office of the 10th Board of Supervisors. For details see the

Announcement on Resignation of Directors and Election of Staff Representative Director (Announcement No.: 2022-20)

Announcement on Proposed Change of Supervisors of the Company (Announcement No.: 2022-29) and Announcement on

Election of Chairman of the Board of Supervisors (Announcement No.: 2022-33) disclosed by the Company on Cninfo

(www.cninfo.com.cn) respectively on 30 June 2022 5 July 2022 and 21 July 2022.

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