Yanlord Land : Financial Reporting document

YANLORD LAND GROUP LIMITED

(Company Reg. No. 200601911K)

CONDENSED INTERIM FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2023

TABLE OF CONTENTS

Item No.	Description	Page
A	Condensed Interim Consolidated Statement of Profit or Loss	2
B	Condensed Interim Consolidated Statement of Comprehensive Income	3
C	Condensed Interim Statements of Financial Position	4-6
D	Condensed Interim Statements of Changes in Equity	7-9
E	Condensed Interim Consolidated Statement of Cash Flows	10-12
F	Notes to the Condensed Interim Financial Statements	13-23
G	Other information required under Appendix 7.2 of the Listing Manual of the	23-29
	Singapore Exchange Securities Trading Limited

1

YANLORD LAND GROUP LIMITED

(Company Reg. No. 200601911K)

1. Condensed Interim Consolidated Statement of Profit or Loss

			GROUP
	Note	1H 2023	1H 2022	Change %
		RMB'000	RMB'000	+/(-)
Revenue	7	14,805,760	11,338,858	31
Cost of sales		(10,646,632)	(7,305,736)	46
Gross profit		4,159,128	4,033,122	3
Other operating income and other gains		205,822	299,417	(31)
Selling expenses		(297,695)	(209,994)	42
Administrative expenses		(617,431)	(674,395)	(8)
Other operating expenses		(22,122)	(16,758)	32
Finance cost		(595,667)	(524,006)	14
Share of profit (loss) of associates		5,443	(8,558)	NM
Share of profit of joint ventures		33,111	293,844	(89)
Profit before income tax		2,870,589	3,192,672	(10)
Income tax		(1,399,088)	(1,435,498)	(3)
	8
Profit for the period	1,471,501	1,757,174	(16)
Profit attributable to:
Owners of the Company		1,095,272	1,376,967	(20)
Non-controlling interests		376,229	380,207	(1)
		1,471,501	1,757,174	(16)
Earnings per share (Renminbi cents)	9
- Basic		56.70	71.29	(20)
- Diluted
	56.70	71.29	(20)

NM: Not meaningful

See accompanying notes to condensed interim financial statements.

2

YANLORD LAND GROUP LIMITED

(Company Reg. No. 200601911K)

1. Condensed Interim Consolidated Statement of Comprehensive Income

Profit for the period

Other comprehensive income (expense):

Items that will not be reclassified subsequently to profit or loss: Currency translation difference

Change in fair value of financial assets at fair value through other comprehensive income

Items that may be reclassified subsequently to profit or loss:

Currency translation difference

Share of other comprehensive expense of associates

Share of other comprehensive income of a joint venture

Other comprehensive income (expense) for the period, net of tax Total comprehensive income for the period

Total comprehensive income attributable to:

Owners of the Company

Non-controlling interests

GROUP

1H 2023

1H 2022

RMB'000 RMB'000

1,471,501 1,757,174

259,530 (134,007)

39,751 (11,051)

(267,917) (465,127)

1. (133)

• 7

31,064 (610,311)

1,502,565 1,146,863

1,125,924 765,414

376,641 381,449

1,502,565 1,146,863

3

YANLORD LAND GROUP LIMITED

(Company Reg. No. 200601911K)

1. Condensed Interim Statements of Financial Position

GROUPCOMPANY

	Not	30.06.2023	31.12.2022	30.06.2023	31.12.2022
		RMB'000	RMB'000	RMB'000	RMB'000
ASSETS
Non-current assets
Property, plant and equipment		3,531,576	3,579,245	-	-
Investment properties	10	31,850,546	31,236,480	-	-
Right-of-use assets		47,978	82,472	-	-
Properties for development	11	1,647,558	2,257,548	-	-
Investments in subsidiaries		-	-	21,240,602	20,600,307
Investments in associates		1,768,823	1,712,246	-	-
Investments in joint ventures		8,917,148	8,964,325	-	-
Other receivables and deposits		2,298,162	2,281,800	-	-
Non-trade amounts due from:
Associates		705,097	690,058	-	-
Joint ventures		1,672,355	1,982,465	-	-
Non-controlling shareholders of
subsidiaries		735,977	735,977	-	-
Financial assets at fair value through other
comprehensive income		184,766	331,918	-	-
Intangible assets		2,092	2,092	-	-
Deferred tax assets		756,342	816,888	-	-
Pledged bank deposits		6,005	6,005	-	-
Total non-current assets		54,124,425	54,679,519	21,240,602	20,600,307
Current assets
Inventories		207,322	212,310	-	-
Completed properties for sale	11	15,720,176	10,709,085	-	-
Properties under development for sale	11	64,084,287	72,521,540	-	-
Trade receivables		2,030,486	1,836,131	-	-
Other receivables and deposits		6,842,397	6,822,758	-	198
Non-trade amounts due from:
Subsidiary		-	-	83,165	52,120
Associates		1,311,158	1,541,758	-	-
Joint ventures		7,012,254	6,925,493	-	-
Non-controlling shareholders of
subsidiaries		9,780,016	9,078,859	-	-

4

YANLORD LAND GROUP LIMITED

(Company Reg. No. 200601911K)

		GROUP	COMPANY
	Note	30.06.2023	31.12.2022	30.06.2023	31.12.2022
		RMB'000	RMB'000	RMB'000	RMB'000
Other related parties		4,830	4,804	-	-
Income tax prepayment		4,210,858	4,017,528	-	-
Financial assets at fair value through
profit or loss		4,688	-	-	-
Pledged bank deposits		20,800	20,011	-	-
Cash and cash equivalents		19,492,699	20,696,044	3,484	386,105
Total current assets
	130,721,971	134,386,321	86,649	438,423
Total assets
	184,846,396	189,065,840	21,327,251	21,038,730
EQUITY AND LIABILITIES
Capital, reserves and non-controlling
interests
Share capital	12	7,261,726	7,261,726	7,261,726	7,261,726
Reserves		28,779,364	27,706,118	841,089	603,738
Equity attributable to owners of the Company		36,041,090	34,967,844	8,102,815	7,865,464
Non-controlling interests		10,103,074	10,383,162	-	-
Total equity		46,144,164	45,351,006	8,102,815	7,865,464
Non-current liabilities
Bank and other borrowings
- due after one year	14	18,526,397	22,726,456	-	-
Senior notes	14	3,589,562	6,065,790	-	-
Lease liabilities		18,939	25,576	-	-
Deferred tax liabilities		4,384,711	4,440,393	-	-
Other payables		274,764	275,548	-	-
Non-trade amounts due to:
Joint ventures		390,531	425,812	-	-
Non-controlling shareholders of
subsidiaries	14	2,670,170	198,010	-	-
Deferred income		37,939	21,327	-	-
Total non-current liabilities		29,893,013	34,178,912	-	-

5