(Incorporated in the Cayman Islands with Limited Liability)
Stock Code : 2768
CONTENTSCorporate Information 2
Company Profile 3
Financial Highlights 4
Chairman's Statement 5
Management Discussion and Analysis 7
Other Information 18
Report on Review of Condensed Consolidated Financial Statements 23
Condensed Consolidated Statement of Profit or Loss and 24
Other Comprehensive Income
Condensed Consolidated Statement of Financial Position 25
Condensed Consolidated Statement of Changes in Equity 27
Condensed Consolidated Statement of Cash Flows 28
Notes to the Condensed Consolidated Financial Statements 29
CORPORATE INFORMATION DIRECTORS Non-executive DirectorShum Tin Ching (Chairman)
Executive DirectorsHuang Fuqing (Vice Chairman)
Cheuk Hiu Nam (Chief Executive Officer)
Wang Jianfeng
Independent non-executive DirectorsTai Kwok Leung, Alexander Cheung Wai Bun, Charles, JP Gu Yunchang
AUDIT COMMITTEETai Kwok Leung, Alexander (Chairman)
Cheung Wai Bun, Charles, JP
Gu Yunchang
REMUNERATION COMMITTEECheung Wai Bun, Charles, JP (Chairman)
Tai Kwok Leung, Alexander Cheuk Hiu Nam
NOMINATION COMMITTEEShum Tin Ching (Chairman) Cheung Wai Bun, Charles, JP Gu Yunchang
COMPANY SECRETARYSiu Leung Wah (appointed on 14 April 2017)
AUTHORISED REPRESENTATIVESCheuk Hiu Nam
Siu Leung Wah (appointed on 14 April 2017)
AUDITORDeloitte Touche Tohmatsu
LEGAL ADVISERSAs to Hong Kong law:
Mayer Brown JSM
As to PRC law:
Jingtian & Gongcheng
As to Cayman Islands law:
Conyers Dill & Pearman
COMPLIANCE ADVISERMessis Capital Limited
PRINCIPAL BANKERSHang Seng Bank Limited Wing Lung Bank Limited
Agricultural Bank of China Co., Ltd Nanyang Commercial Bank
Bank of Dalian Nanjing Bank
REGISTERED OFFICECricket Square, Hutchins Drive PO Box 2681, Grand Cayman KY1-1111, Cayman Islands
HEADQUARTERSRoom 1403, 9 Queen's Road Central Hong Kong
PRINCIPAL PLACE OF BUSINESS IN THE PRCNo. 59, Gu Jia Ying Road Xuanwu District
Nanjing China
PRINCIPAL SHARE REGISTRARConyers Trust Company (Cayman) Limited Cricket Square, Hutchins Drive
PO Box 2681, Grand Cayman KY1-1111, Cayman Islands
BRANCH SHARE REGISTRAR IN HONG KONGTricor Investor Services Limited Level 22, Hopewell Centre 183 Queen's Road East
Hong Kong
WEBSITEwww.jiayuanintl.com
STOCK CODE2768
2 JIAYUAN INTERNATIONAL GROUP LIMITED Interim Report 2017
COMPANY PROFILE ABOUT JIAYUANJiayuan International Group Limited (the "Company") (Stock Code: 2768) is an established property developer of large-scale residential complex projects and integrated commercial complex projects in Jiangsu Province, the People's Republic of China ("PRC"). On 8 March 2016, the Company completed the initial public offering with its shares listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (the "Listing").
As at 30 June 2017, the Company and its subsidiaries (the "Group") had a total land bank of more than 6.88 million square meters ("sq.m."). Pursuant to the Group's core development strategy of "major cities and selected key towns" 「( 大城市、 小城鎮」), the Group will focus on the development of (i) residential properties in major cities such as Nanjing, Yangzhou and Shenzhen; and (ii) integrated commercial projects in "key towns" (中心鎮) or towns which are under key development, such as Taixing and Changzhou.
In response to the national policy of continuing urbanisation, and the call for city modernisation emphasised by the Jiangsu Provincial Government, the Group envisages that key towns will be developed into major economic and transportation hubs among neighbouring towns, facilitating the pull factors for urbanisation. The Group expects that the economic development of key towns will also enrich the disposable income of the local residents, which, in turn, will attribute to a healthy demand for residential and commercial properties. The Group also plans to expand the operations by developing residential complexes in cities with sizeable economies and populations with a view to expanding the reach of the Group's business and maximising the Group's return under the projected property demand.
The Group's residential and commercial complexes have been and will be developed into mixed-use community centres, which are designed to provide a high level of convenience and enjoyment to customers. In this regard, the Group strives to infuse the following key values into the developments:
Education value: The Group believes that education is of paramount importance to customers as parents. Therefore, the Group focuses on selecting locations with relatively mature school net. In addition, the Group has participated in the construction of five schools in its developed property projects, aiming at building an excellent school net.
Leisure value: It is the Group's general practice to space a large portion of its site area for the construction of classical landmarks, European or Chinese theme parks and plazas, aiming to enhance the visual attraction of properties and bring leisure enjoyment to its customers; and
Commercial value: The Group also develops retail stores and shopping malls in its residential property projects providing a "one-station" shopping experience to its customers and taking care of the daily needs of residents and citizens nearby.
Therefore, the Group believes that the quality property development projects under the Group are and will be well received in the locations in which the Group operates or plans to expand operation.
Interim Report 2017 JIAYUAN INTERNATIONAL GROUP LIMITED 3
Jiayuan International Group Ltd. published this content on 21 September 2017 and is solely responsible for the information contained herein.
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