深深房Ｂ:2025年半年度报告(英文版)

SHENZHEN SPECIAL ECONOMIC ZONE REALESTATE
& PROPERTIES (GROUP) CO., LTD.
INTERIM REPORT 2025
2025-023
[28August 2025]

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.
Certain 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 and interested parties are
reminded to be sufficiently aware of the risks involved and understand the
differences between plans, forecasts and promises.
The Company has no interim 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......9
Part IV Corporate Governance, Environment and Society......23
Part V Significant Events...... 24
Part VI Share Changes and Shareholder Information...... 29
Part VII Bonds......33
Part VIII Financial Statements......34
Part IX Other Reported Data......165
DocumentsAvailable for Reference
1. The financial statements with the personal signatures and stamps of the Company’s legal representative, Chief Financial Officer
and head of the financial department; and
2. 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 Definition
“Shenzhen SASAC” or the “Municipal SASAC” The State-owned Assets Supervision and Administration Commission of
the People’s Government of Shenzhen Municipal
SIHC Shenzhen Investment Holdings Co., Ltd.
ShenZhen Special Economic Zone Real Estate & Properties (Group) Co.,
The “Company”, the “Group”, “SPG” or “we” Ltd. and its consolidated subsidiaries, except where the context otherwise
requires
Petrel Hotel Shenzhen Petrel Hotel Co., Ltd.
Zhentong Engineering Shenzhen Zhentong Engineering Co., Ltd.
Huazhan Construction Supervision Shenzhen Huazhan Construction Supervision Co., Ltd.
Jianbang Group Guangdong Jianbang Group (Huiyang) Industrial Co., Ltd.
Chuanqi Real Estate Development Shenzhen SPG Chuanqi Real Estate Development Co., Ltd.
Guangmingli SPG Guangmingli
Linxinyuan SPG Linxinyuan
Cuilinyuan 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 listing Shenzhen Stock Exchange
Company name in Chinese 深圳经济特区房地产(集团)股份有限公司
Abbr. (if any) 深房集团
Company name in English (if any) ShenZhen Special Economic Zone Real Estate & Properties (Group) Co., Ltd.
Abbr. (if any) SPG
Legal representative Tang Xiaoping
II Contact Information
Board Secretary Securities Representative
Name Luo Yi Hong Lu
Address 47/F, SPG Plaza, Renmin