深深房Ｂ:2024年年度报告(英文版)

SHENZHEN SPECIAL ECONOMIC ZONE REAL ESTATE
& PROPERTIES (GROUP) CO., LTD.
ANNUAL REPORT 2024
2025-005
[22 March 2025]

ANNUAL REPORT 2024
Part I Important Notes, Table of Contents and Definitions
The Board of Directors (or the “Board”), the Supervisory Committee as well as
the directors, supervisors and senior management of Shenzhen Special
Economic Zone Real Estate & Properties (Group) Co., Ltd. (hereinafter
referred to as the “Company”) hereby guarantee the factuality, accuracy and
completeness of the contents of this Report and its summary, and shall be jointly
and severally liable for any misrepresentations, misleading statements or
material omissions therein.
Tang Xiaoping, the Company’s General Manager, Wang Jianfei, the Company’s
Chief Financial Officer, and Zhou Hongpu, head of the Company’s financial
department (equivalent to financial manager) hereby guarantee that the
Financial Statements carried in this Report are factual, accurate and complete.
All the Company’s directors have attended the Board meeting for the review of
this Report and its summary.
Descriptions about the Company’s operating plans or work arrangements for
the future mentioned in this Report and its summary, the implementation of
which is subject to various factors, shall NOT be considered as promises to
investors. Therefore, investors are reminded to exercise caution when making
investment decisions.
The Company has no final dividend plan, either in the form of cash or stock.

Table of Contents

Part I Important Notes, Table of Contents and Definitions ......2
Part II Corporate Information and Key Financial Information......6
Part III Management Discussion and Analysis......10
Part IV Corporate Governance......32
Part V Environmental and Social Responsibility ......51
Part VI Significant Events......52
Part VII Share Changes and Shareholder Information......61
Part VIII Preference Shares......68
Part IX Bonds......68
Part X Financial Statements......69
Documents Available for Reference
1. The financial statements with the personal signatures and stamps of the Company’s general manager, Chief Financial Officer and
head of the financial department;
2. The original of theAuditor’s Report with the stamp of the CPAfirm, as well as the personal signatures and stamps of the CPAs;
3. The originals of all the documents and announcements disclosed by the Company on Securities Times, China Securities Journal
and Ta Kung Pao during the Reporting Period.

Definitions
Term Refers to Definition
“Shenzhen SASAC” or the “Municipal The State-owned Assets Supervision and
SASAC” Refers to Administration Commission of the People’s
Government of Shenzhen Municipal
SIHC Refers to Shenzhen Investment Holdings Co., Ltd
Shenzhen Special Economic Zone Real Estate &
The “Company”, the “Group”, “SPG” or “we” Refers to Properties (Group) Co., Ltd. and its consolidated
subsidiaries, except where the context otherwise
requires
Shenzhen Property Management Refers to Shenzhen Property Management Co., Ltd.
Petrel Hotel Refers to Shenzhen Petrel Hotel Co., Ltd.
Zhentong Engineering Refers to Shenzhen Zhentong Engineering Co., Ltd.
Huazhan Construction Supervision Refers to Shenzhen Huazhan Construction Supervision Co.,
Ltd.
Jianbang Group Refers to Guangdong Jianbang Group (Huiyang) Industrial
Co., Ltd.
Chuanqi Real Estate Development Refers to Shenzhen SPG Chuanqi Real Estate Development
Co., Ltd.
Guangmingli Refers to SPG Guangmingli
Linxinyuan Refers to SPG Linxinyuan
Cuilinyuan Refers to SPG Cuilinyuan

Part II Corporate Information and Key Financial Information
I Corporate Information
Stock name SPG, SPG-B Stock code 000029, (200029)
Stock exchange for stock Shenzhen Stock Exchange
listing
Company name in Chinese 深圳经济特区房地产(集团)股份有限公司
Abbr. 深房集团
Company nam