首程控股：2024中期報告.pdf

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1、1首程控股有限公司2024年中期報告CONTENTS目錄CORPORATE INFORMATION公司資料2CORPORATE PROFILE公司簡介4REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION中期財務資料的審閱報告5INTERIM RESULTS中期業績CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME簡明綜合中期全面收益表7CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION簡明綜合中期

2、財務狀況表9CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY簡明綜合中期權益變動表11CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS簡明綜合中期現金流量表13NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註15MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析42OTHER INFORMATION其他資料62Shouche

3、ng Holdings LimitedInterim Report2024 2CORPORATE INFORMATION公司資料董事會執行董事趙天暘（主席）徐量非執行董事吳禮順李浩（副主席）彭吉海何智恒劉景偉獨立非執行董事王鑫蔡奮強鄧有高張泉靈諸葛文靜審核委員會王鑫（主席）何智恒劉景偉蔡奮強鄧有高張泉靈諸葛文靜提名委員會趙天暘（主席）王鑫鄧有高張泉靈BOARD OF DIRECTORSExecutive DirectorsZhao Tianyang(Chairman)Xu LiangNon-Executive DirectorsWu LishunLi Hao(Vice Chairman)Pen

4、g JihaiHo Gilbert Chi HangLiu JingweiIndependent Non-Executive DirectorsWang XinChoi Fan Keung VicDeng YougaoZhang QuanlingZhuge WenjingAUDIT COMMITTEEWang Xin(Chairman)Ho Gilbert Chi HangLiu JingweiChoi Fan Keung VicDeng YougaoZhang QuanlingZhuge WenjingNOMINATION COMMITTEEZhao Tianyang(Chairman)Wa

5、ng XinDeng YougaoZhang Quanling3首程控股有限公司2024年中期報告CORPORATE INFORMATION公司資料薪酬委員會張泉靈（主席）彭吉海王鑫蔡奮強公司秘書陳詠梅核數師羅兵咸永道會計師事務所執業會計師及註冊公眾利益實體核數師股份過戶登記處卓佳登捷時有限公司香港夏慤道16號遠東金融中心17樓註冊辦事處及主要營業地點 香港灣仔告士打道56號東亞銀行港灣中心7樓股份代號697網址REMUNERATION COMMITTEEZhang Quanling(Chairlady)Peng JihaiWang XinChoi Fan Keung VicCOMPANY S

6、ECRETARYChan Weng MuiAUDITORPricewaterhouseCoopersCertified Public Accountants and Registered PIE AuditorSHARE REGISTRARTricor Tengis Limited17/F,Far East Finance Centre16 Harcourt RoadHong KongREGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS7th FloorBank of East Asia Harbour View Centre56 Gloucest

7、er RoadWanchaiHong KongSTOCK CODE697WEBSITEShoucheng Holdings LimitedInterim Report2024 4CORPORATE PROFILE公司簡介首程控股有限公司（本公司）及其附屬公司（本集團）是首鋼集團有限公司（首鋼集團）旗下的香港上市公司，也是首批於香港上市的紅籌股之一。本集團立足於中國核心基礎設施資產，致力於將本集團打造成領先的中國核心基礎設施資產服務商。自2017年以來，本集團堅定全面戰略轉型，持續通過出售非主業資產，推動舊業務剝離或重組，並積極融入國內外資本市場，引入戰略投資者。本集團主要戰略股東包括首鋼集團、

8、歐力士股份有限公司、新創建集團有限公司、北京國有資本運營管理有限公司、陽光保險集團股份有限公司和HOPU Investments Co.III Ltd等，自戰略股東入股以來，為本集團的發展提供有力支持。首程控股以成為跨越經濟週期、現金流良好、運營穩定健康的上市企業為目標，未來將繼續抓緊發展機遇?；敦S富的資產運營經驗和專業的資產融通能力，本集團打造了資產循環+強運營 商業模式，持續釋放公司經營效益，夯實資本市場品牌建設，致力為股東創造最大價值，讓投資人獲得豐厚的收益。Shoucheng Holdings Limited(the“Company”)and its subsidiaries(the

9、“Group”)is a Hong Kong-based listed company under Shougang Group Co.,Ltd.(“Shougang Group”)and is one of the first red chips stocks listed in Hong Kong.The Group focuses on China Core Infrastructure Assets(“CCIA”),and is committed to be a leading service provider of CCIA.Since 2017,the Group has bee

10、n firmly committed to a comprehensive strategic transformation,continuously selling non-core assets,promoting the divestment or reorganization of old businesses,and actively integrating into domestic and international capital markets,as well as introducing strategic investors.The main strategic shar

11、eholders of the Group include Shougang Group,ORIX Corporation,NWS Holdings Limited,Beijing State-owned Capital Operation and Management Company Limited,Sunshine Insurance Group Company Limited,and HOPU Investments Co.III Ltd,etc.Since the strategic shareholders invested,they have provided strong sup

12、port for the development of the Group.The Company aims to become a listed company with robust cash flow and stable,resilient operations that can withstand economic cycles,and in the future,the Company will seize every development opportunity.With extensive experience in asset operation and professio

13、nal FIME(FIME is defined as fundraising,investment,management and exit)capabilities,the Group has established a“Asset Circulation+Strong Operations”business model.This continuously enhances the Companys operational efficiency,strengthens the brand presence in the capital market,and is committed to m

14、aximizing value for shareholders,providing investors with substantial returns.5首程控股有限公司2024年中期報告REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION中期財務資料的審閱報告致首程控股有限公司董事會（於香港註冊成立之有限公司）引言本核數師（以下簡稱 我們）已審閱列載於第7頁至第41頁的中期財務資料，此中期財務資料包括首程控股有限公司（以下簡稱 貴公司）及其附屬公司（以下統稱 貴集團）於2024年6月30日的簡明綜合中期財務狀況表與截至該日止六個月期間的簡明綜

15、合中期全面收益表、簡明綜合中期權益變動表和簡明綜合中期現金流量表，以及經挑選的解釋附註。香港聯合交易所有限公司證券上市規則規定，就中期財務資料擬備的報告必須符合以上規則的有關條文以及香港會計師公會頒布的香港會計準則第34號 中期財務報告。貴公司董事須負責根據香港會計師公會頒布的香港會計準則第34號 中期財務報告 擬備及列報該等中期財務資料。我們的責任是根據我們的審閱對該等中期財務資料作出結論，並僅按照我們協定的業務約定條款向閣下（作為整體）報告我們的結論，除此之外本報告別無其他目的。我們不會就本報告內容對任何其他人士負上或承擔任何責任。To the Board of Directors of

16、Shoucheng Holdings Limited(incorporated in Hong Kong with limited liability)INTRODUCTIONWe have reviewed the interim financial information set out on pages 7 to 41,which comprises the condensed consolidated interim statement of financial position of Shoucheng Holdings Limited(the“Company”)and its su

17、bsidiaries(together,the“Group”)as at 30 June 2024 and the condensed consolidated interim statement of comprehensive income,the condensed consolidated interim statement of changes in equity and the condensed consolidated interim statement of cash flows for the six-month period then ended,and selected

18、 explanatory notes.The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited require the preparation of a report on interim financial information to be in compliance with the relevant provisions thereof and Hong Kong Accounting Standard 34“Interim Financial Reporting”i

19、ssued by the Hong Kong Institute of Certified Public Accountants.The directors of the Company are responsible for the preparation and presentation of this interim financial information in accordance with Hong Kong Accounting Standard 34“Interim Financial Reporting”issued by the Hong Kong Institute o

20、f Certified Public Accountants.Our responsibility is to express a conclusion on this interim financial information based on our review and to report our conclusion solely to you,as a body,in accordance with our agreed terms of engagement,and for no other purpose.We do not assume responsibility towar

21、ds or accept liability to any other person for the contents of this report.Shoucheng Holdings LimitedInterim Report2024 6REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION中期財務資料的審閱報告審閱範圍我們已根據香港會計師公會頒布的香港審閱準則第2410號 由實體的獨立核數師執行中期財務資料審閱 進行審閱。審閱中期財務資料包括主要向負責財務和會計事務的人員作出查詢，及應用分析性和其他審閱程序。審閱的範圍遠較根據 香港審計準則 進

22、行審計的範圍為小，故不能令我們保證我們將知悉在審計中可能被發現的所有重大事項。因此，我們不會發表審計意見。結論按照我們的審閱，我們並無發現任何事項，令我們相信貴集團的中期財務資料未有在各重大方面根據香港會計準則第34號 中期財務報告 擬備。羅兵咸永道會計師事務所執業會計師2024年8月24日SCOPE OF REVIEWWe conducted our review in accordance with Hong Kong Standard on Review Engagements 2410,“Review of Interim Financial Information Performed

23、 by the Independent Auditor of the Entity”issued by the Hong Kong Institute of Certified Public Accountants.A review of interim financial information consists of making inquiries,primarily of persons responsible for financial and accounting matters,and applying analytical and other review procedures

24、.A review is substantially less in scope than an audit conducted in accordance with Hong Kong Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit.Accordingly,we do not express an audi

25、t opinion.CONCLUSIONBased on our review,nothing has come to our attention that causes us to believe that the interim financial information of the Group is not prepared,in all material respects,in accordance with Hong Kong Accounting Standard 34“Interim Financial Reporting”.PricewaterhouseCoopersCert

26、ified Public AccountantsHong Kong,24 August 20247首程控股有限公司2024年中期報告FOR THE SIX MONTHS ENDED 30 JUNE 2024截至2024年6月30日止六個月CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE INCOME簡明綜合中期全面收益表Six months ended 30 June截至6月30日止六個月20242023NoteHK$000HK$000附註港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Rev

27、enue收入5535,843345,175Cost of sales銷售成本(302,387)(245,941)Gross profit毛利233,45699,234Other income其他收入6210,314310,709Other gains,net其他收益淨額630,890150,630Administrative expenses管理費用(122,094)(142,022)Operating profit經營溢利7352,566418,551Finance costs財務成本(57,651)(54,945)Share of results of associates攤佔聯營公司之業

28、績1,506(6,834)Share of results of joint ventures攤佔合營公司之業績(3,122)(604)Profit before income tax除所得稅前溢利293,299356,168Income tax expense所得稅費用8(49,350)(10,617)Profit for the period期間溢利243,949345,551Profit/(loss)is attributable to:以下人士應佔溢利（虧損）：Owners of the Company本公司擁有人260,551303,194Non-controlling intere

29、sts非控股權益(16,602)42,357243,949345,551The above condensed consolidated interim statement of comprehensive income should be read in conjunction with the accompanying notes.以上簡明綜合中期全面收益表應與隨附之附註一併閱讀。Shoucheng Holdings LimitedInterim Report2024 8CONDENSED CONSOLIDATED INTERIM STATEMENT OF COMPREHENSIVE IN

30、COME簡明綜合中期全面收益表FOR THE SIX MONTHS ENDED 30 JUNE 2024截至2024年6月30日止六個月Other comprehensive(loss)/income其他全面（虧損）收益Items that have been/may be subsequently reclassified to profit or loss:已經往後可能將重新 分類至損益之項目：Exchange differences arising on translation of foreign operations折算海外業務產生之 匯兌差額(119,794)(209,347)Sh

31、are of exchange differences of associates and joint ventures arising on translation of foreign operations攤佔聯營公司及合營 公司折算海外業務 產生之匯兌差額(19,157)(30,268)Items that will not be reclassified to profit or loss:將不會重新分類至 損益之項目：Exchange differences arising on currency translation折算海外業務產生之 匯兌差額(1,256)(6,256)Fair

32、 value changes on financial assets at fair value through other comprehensive income(“FVOCI”)按公允價值計入其他 全面收益之金融資產之 公允價值變動215,217(460,194)Other comprehensive income/(loss)for the period期間其他全面收益（虧損）75,010(706,065)Total comprehensive income/(loss)for the period期間全面收益（虧損）總值318,959(360,514)Total comprehens

33、ive income/(loss)attributable to:以下人士應佔全面收益（虧損）總值：Owners of the Company本公司擁有人336,817(396,615)Non-controlling interests非控股權益(17,858)36,101318,959(360,514)Earnings per share for profit attributable to owners of the Company:本公司擁有人應佔溢利 之每股盈利：Basic earnings per share (HK cents)每股基本盈利（港仙）93.654.17Diluted

34、earnings per share (HK cents)每股稀釋盈利（港仙）93.654.14Six months ended 30 June截至6月30日止六個月20242023NoteHK$000HK$000附註港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）The above condensed consolidated interim statement of comprehensive income should be read in conjunction with the accompanying notes.以上簡明綜合中期全面收益表應與隨

35、附之附註一併閱讀。9首程控股有限公司2024年中期報告AS AT 30 JUNE 2024於2024年6月30日CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION簡明綜合中期財務狀況表30 June202431 December20232024年6月30日2023年12月31日NoteHK$000HK$000附註港幣千元港幣千元(Unaudited)(Audited)（未經審核）（經審核）ASSETS資產Non-current assets非流動資產Property,plant and equipment物業、廠房及設備

36、10113,151108,069Right-of-use assets使用權資產102,268,1161,823,259Contract assets in respect of service concession arrangements與服務特許經營安排 有關的合約資產103,165114,664Investment properties投資物業875,642841,226Investments in associates於聯營公司之投資237,097241,364Investments in joint ventures於合營公司之投資544,099560,605Investments

37、 non-current投資非流動4,626,4233,454,413Prepayments and deposits預付款項及按金164,542173,854Deferred income tax assets遞延所得稅資產23,09530,497Other non-current assets其他非流動資產10553,636530,288Total non-current assets非流動資產總值9,508,9667,878,239Current assets流動資產Trade receivables應收賬款11254,913203,648Prepayments,deposits and

38、 other receivables預付款項、按金及 其他應收款項394,199253,075Investments current投資流動171,4021,173,636Time deposits with maturity over three months多於三個月內到期之 定期存款1,315,7011,751,346Bank balances and cash銀行結餘及現金2,706,9172,262,573Total current assets流動資產總值4,843,1325,644,278Total assets資產總值14,352,09813,522,517The above

39、condensed consolidated interim statement of financial position should be read in conjunction with the accompanying notes.以上簡明綜合中期財務狀況表應與隨附之附註一併閱讀。Shoucheng Holdings LimitedInterim Report2024 10CONDENSED CONSOLIDATED INTERIM STATEMENT OF FINANCIAL POSITION簡明綜合中期財務狀況表AS AT 30 JUNE 2024於2024年6月30日EQUIT

40、Y權益Capital and reserves股本及儲備Share capital股本1212,994,84712,994,847Reserves儲備(2,939,489)(3,071,495)Capital and reserves attributable to owners of the Company本公司擁有人 應佔股本及儲備10,055,3589,923,352Non-controlling interests非控股權益99,525117,383Total equity權益總值10,154,88310,040,735LIABILITIES負債Non-current liabilit

41、ies非流動負債Borrowings non-current借款非流動14361,148452,280Bond payables non-current應付債券非流動14714,395183,786Lease liabilities non-current租賃負債非流動1,679,4381,314,432Deferred income tax liabilities遞延所得稅負債111,758105,590Financial liabilities at fair value through profit or loss non-current按公允價值計入損益的 金融負債非流動89,2319

42、2,519Total non-current liabilities非流動負債總值2,955,9702,148,607Current liabilities流動負債Trade payables應付賬款13428,824485,585Other payables,provision and accrued liabilities其他應付款項、撥備及 應計負債161,966181,214Dividend payables應付股息15160,604Contract liabilities合約負債55,05358,599Financial liabilities at fair value throu

43、gh profit or loss current按公允價值計入損益的 金融負債流動222,396292,423Tax payable應付稅項37,82879,540Borrowings current借款流動1430,697157,131Lease liabilities current租賃負債流動143,87778,683Total current liabilities流動負債總值1,241,2451,333,175Total liabilities負債總值4,197,2153,481,782Total equity and liabilities權益及負債總值14,352,09813,

44、522,517The above condensed consolidated interim statement of financial position should be read in conjunction with the accompanying notes.以上簡明綜合中期財務狀況表應與隨附之附註一併閱讀。30 June202431 December20232024年6月30日2023年12月31日NoteHK$000HK$000附註港幣千元港幣千元(Unaudited)(Audited)（未經審核）（經審核）11首程控股有限公司2024年中期報告FOR THE SIX MO

45、NTHS ENDED 30 JUNE 2024截至2024年6月30日止六個月CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY簡明綜合中期權益變動表(Unaudited)Attributable to the owners of the Company（未經審核）本公司擁有人應佔SharecapitalShares held under shares incentive planCapitalcontributionreserveExchangereserveSecurityinvestmentreserveOtherr

46、eservesAccumulatedlossesTotalNon-controllinginterestsTotal股本股權激勵計劃下持有的股份注資儲備匯兌儲備證券投資儲備其他儲備累計虧損合計非控股權益合計NoteHK$000HK$000HK$000HK$000HK$000HK$000HK$000HK$000HK$000HK$000附註港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元Balance at 1 January 2023於2023年1月1日之結餘12,546,847(298,433)4,848,033(184,325)61,16976,922(7,1

47、22,624)9,927,58996,47010,024,059Comprehensive(loss)/income全面（虧損）收益Profit for the period期間收益303,194303,19442,357345,551Fair value changes on financial assets at FVOCI按公允價值計入其他全面 收益之金融資產之 公允價值變動(460,194)(460,194)(460,194)Share of exchange differences of associates and joint ventures arising on transla

48、tion of foreign operations攤佔聯營公司及合營公司 折算海外業務產生之 匯兌差額(30,268)(30,268)(30,268)Exchange differences arising on translation of foreign operations折算海外業務產生之 匯兌差額(209,347)(209,347)(6,256)(215,603)Total comprehensive(loss)/income for the period期間全面（虧損）收益總額(239,615)(460,194)303,194(396,615)36,101(360,514)Sha

49、res repurchase股份回購12(2,427)(245,222)(247,649)(247,649)Shares issued upon placement of shares配售股份時發行的 股份448,000448,000448,000Recognition of equity-settled share-based payments以權益結算的股份 支付8,6058,6058,605Capital injections from non-controlling interests of subsidiaries附屬公司之非控股權益 注資2,6772,677Dividends pa

50、id to non-controlling interests已付非控股權益之 股息(3,508)(3,508)Dividends股息(390,930)(390,930)(390,930)At 30 June 2023於2023年6月30日12,994,847(298,433)4,848,033(423,940)(399,025)83,100(7,455,582)9,349,000131,7409,480,740The above condensed consolidated interim statement of changes in equity should be read in co

51、njunction with the accompanying notes.以上簡明綜合中期權益變動表應與隨附之附註一併閱讀。Shoucheng Holdings LimitedInterim Report2024 12CONDENSED CONSOLIDATED INTERIM STATEMENT OF CHANGES IN EQUITY簡明綜合中期權益變動表FOR THE SIX MONTHS ENDED 30 JUNE 2024截至2024年6月30日止六個月(Unaudited)Attributable to the owners of the Company（未經審核）本公司擁有人應

52、佔SharecapitalShares held under shares incentive planCapitalcontributionreserveExchangereserveSecurityinvestmentreserveOtherreservesAccumulatedlossesTotalNon-controllinginterestsTotal股本股權激勵計劃下持有的股份注資儲備匯兌儲備證券投資儲備其他儲備累計虧損合計非控股權益合計NoteHK$000HK$000HK$000HK$000HK$000HK$000HK$000HK$000HK$000HK$000附註港幣千元港幣千

53、元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元港幣千元Balance at 1 January 2024於2024年1月1日之結餘12,994,847(298,433)4,848,033(321,747)326,55432,491(7,658,393)9,923,352117,38310,040,735Comprehensive(loss)/income全面（虧損）收益Profit for the period期間收益260,551260,551(16,602)243,949Fair value changes on financial assets at FVOCI按公允價值計入

54、其他全面 收益之金融資產之 公允價值變動215,217215,217215,217Share of exchange differences of associates and joint ventures arising on translation of foreign operations攤佔聯營公司及合營公司 折算海外業務產生之 匯兌差額(19,157)(19,157)(19,157)Exchange differences arising on translation of foreign operations折算海外業務產生之 匯兌差額(119,794)(119,794)(1,25

55、6)(121,050)Total comprehensive(loss)/income for the period期間全面（虧損）收益總額(138,951)215,217260,551336,817(17,858)318,959Shares repurchase股份回購1258,305(104,768)(46,463)(46,463)Recognition of equity-settled share-based payments以權益結算的股份 支付2,1912,1912,191Dividends股息(160,539)(160,539)(160,539)At 30 June 2024於2

56、024年6月30日12,994,847(298,433)4,848,033(460,698)541,77192,987(7,663,149)10,055,35899,52510,154,883The above condensed consolidated interim statement of changes in equity should be read in conjunction with the accompanying notes.以上簡明綜合中期權益變動表應與隨附之附註一併閱讀。13首程控股有限公司2024年中期報告FOR THE SIX MONTHS ENDED 30 JU

57、NE 2024截至2024年6月30日止六個月CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS簡明綜合中期現金流量表Six months ended 30 June截至6月30日止六個月20242023NoteHK$000HK$000附註港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Cash flows from operating activities 經營活動之現金流量Net cash generated from operations業務營運所得之 現金淨額154,56691,598Inco

58、me tax paid已付所得稅(71,851)(110,231)Net cash generated from/(used in)operating activities經營活動所得(所用)之 現金淨額82,715(18,633)Cash flows from investing activities 投資活動之現金流量Dividends received from joint ventures合營公司收到的股息2,91718,574Interest received已收利息65,03962,429Purchase of property,plant and equipment購買物業、廠房

59、及設備10(10,278)(2,311)Purchase of other non-current assets購買其他非流動資產10(67,889)(50,792)Purchase of investment properties購買投資性房地產(36,334)(123,068)Purchase of financial assets at FVOCI購買按公允價值計入 其他全面收益之 金融資產(142,623)Capital injections into associates and joint ventures注資予聯營公司及 合營公司(1,353)Proceeds from disp

60、osal of financial assets at fair value through profit or loss(“FVPL”)出售按公允價值計入 損益之金融資產之 所得款項195,77693,886Withdrawal of deposits with maturity over three months提取多餘三個月內 到期之定期存款464,018150,654Placement of deposit with maturity over three months存放多餘三個月內 到期之定期存款(28,373)(1,414,289)Purchase of financial as

61、sets at FVPL添置按公允價值計入 損益之金融資產(67,352)(141,863)Net cash generated from/(used in)investing activities投資活動所得(所用)之 現金淨額374,901(1,408,133)The above condensed consolidated interim statement of cash flows should be read in conjunction with the accompanying notes.以上簡明綜合中期現金流量表應與隨附之附註一併閱讀。Shoucheng Holdings

62、LimitedInterim Report2024 14CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS簡明綜合中期現金流量表FOR THE SIX MONTHS ENDED 30 JUNE 2024截至2024年6月30日止六個月Six months ended 30 June截至6月30日止六個月20242023NoteHK$000HK$000附註港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Cash flows from financing activities 融資活動之現金流量Divid

63、end paid to non-controlling interests已付非控股權益之 股息(3,508)Proceeds for borrowings借款所得款項316,67229,522Repayment of borrowings償還借款(534,587)(66,827)Payment for financial liabilities at FVPL支付按公允價值計入 損益之金融負債款項(75,954)Net proceeds from placing of ordinary shares發行普通股之所得 款項淨額12448,000Net proceeds from issuanc

64、e of bond payables發行債券之所得 款項淨額14535,000225,552Repayment of lease liabilities償還租賃負債(165,265)(75,088)Capital injection by non-controlling interests非控股權益注資2,677Payment for repurchase of shares支付股份回購款項12(46,463)(247,649)Net cash generated from financing activities融資活動所得之 現金淨額29,403312,679Net increase/(d

65、ecrease)in cash and cash equivalents現金及現金等價物 增加（減少）淨額487,019(1,114,087)Cash and cash equivalents at beginning of the period期初之現金及 現金等價物2,262,5733,573,685Effect of foreign exchange rate changes 外幣匯率變動之影響(42,675)(55,860)Cash and cash equivalents at end of the period期末之現金及 現金等價物2,706,9172,403,738The ab

66、ove condensed consolidated interim statement of cash flows should be read in conjunction with the accompanying notes.以上簡明綜合中期現金流量表應與隨附之附註一併閱讀。15首程控股有限公司2024年中期報告 NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註1 一般資料首程控股有限公司（本公司）乃於香港註冊成立之有限公司，其股份在香港聯合交易所有限公司（聯交所）主板上市，股份代

67、號697。本公司為投資控股公司，連同其附屬公司（本集團）之主要業務為基礎設施資產管理業務。本公司之註冊辦事處及主要營業地點之地址為香港灣仔告士打道56號東亞銀行港灣中心7樓。除非另有說明，否則本簡明綜合財務資料以港幣（港幣）呈列。1 GENERAL INFORMATIONShoucheng Holdings Limited(the“Company”)is incorporated in Hong Kong with limited liability and its shares are listed on the main board of The Stock Exchange of Hon

68、g Kong Limited(the“Stock Exchange”)with stock code 697.The Company is an investment holding company and together with its subsidiaries(the“Group”)are principally engaged in infrastructure assets management.The address of the registered office and principal place of business of the Company are 7th Fl

69、oor,Bank of East Asia Harbour View Centre,56 Gloucester Road,Wan Chai,Hong Kong.This condensed consolidated interim financial information is presented in Hong Kong dollars(“HK$”),unless otherwise stated.Shoucheng Holdings LimitedInterim Report2024 16NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANC

70、IAL INFORMATION簡明綜合中期財務資料附註 2 編製基準截至2024年6月30日止六個月之本簡明綜合中期財務資料乃按香港會計準則（香港會計準則）第34號 中期財務報告 編製。本簡明綜合中期財務資料並無載有通常載於年度財務報告所屬類別的所有附註。因此，本報告應與截至2023年12月31日止年度按香港財務報告準則（香港財務報告準則）編製之年度財務報表以及本公司截至2024年6月30日止六個月的任何公開公告一併閱讀。有關截至2023年12月31日止年度之財務資料乃作為比較資料載入截至2024年6月30日止六個月之簡明綜合中期財務資料，且並不構成本公司於該年度之法定年度綜合財務報表，惟來自

71、於該等財務報表。有關該等法定財務報表根據香港公司條例（香港法律第622章）（香港公司條例）第436條須予披露之進一步資料如下：本公司已按香港公司條例（第622章）附表6第3部分第662(3)條之規定向公司註冊處處長交付截至2023年12月31日止年度之財務報表。本公司之核數師已就該等財務報表作出報告。核數師報告並無保留意見；並無載有核數師於出具無保留意見情況下，以強調的方式促請有關人士注意的任何事項；也沒有載列根據香港公司條例（第622章）第406(2)、407(2)或(3)條作出之聲明。2 BASIS OF PREPARATIONThis condensed consolidated int

72、erim financial information for the six months ended 30 June 2024 has been prepared in accordance with Hong Kong Accounting Standard(“HKAS”)34“Interim Financial Reporting”.The condensed consolidated interim financial information does not include all the notes of the type normally included in an annua

73、l financial report.Accordingly,this report is to be read in conjunction with the annual report for the year ended 31 December 2023 which have been prepared in accordance with Hong Kong Financial Reporting Standards(“HKFRSs”)and any public announcements made by the Company during the six months ended

74、 30 June 2024.The financial information relating to the year ended 31 December 2023 that is included in the condensed consolidated interim financial information for the six months ended 30 June 2024 as comparative information does not constitute the Companys statutory annual consolidated financial s

75、tatements for that year but is derived from those financial statements.Further information relating to these statutory financial statements required to be disclosed in accordance with section 436 of the Hong Kong Companies Ordinance(Cap.622 of the Laws of Hong Kong,“Hong Kong Companies Ordinance”)is

76、 as follows:The Company has delivered the financial statements for the year ended 31 December 2023 to the Registrar of Companies as required by section 662(3)of,and Part 3 of Schedule 6 to,the Hong Kong Companies Ordinance(Cap.622).The Companys auditor has reported on those financial statements.The

77、auditors report was unqualified;did not include a reference to any matters to which the auditor drew attention by way of emphasis without qualifying its report;and did not contain a statement under sections 406(2),407(2)or(3)of the Hong Kong Companies Ordinance(Cap.622).17首程控股有限公司2024年中期報告NOTES TO T

78、HE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 3 會計政策及會計估計 及判斷3.1 會計政策除以下所述者外，所採用之會計政策與截至2023年12月31日止年度之年度財務報表所依循者（如該等年度財務報表所述）一致。所得稅有關中期期間所得稅乃使用將適用於預期總年度盈利之稅率累計。3.1.1 本集團採納之新訂及經修訂準則若干新訂或經修訂準則於本報告期間成為適用。其他準則並無對本集團之會計政策有任何影響且不需要作出追溯性調整。3.1.2 已頒布但尚未獲本集團應用之新準則、詮釋及修訂之影響本集團仍在評估新準則、詮釋

79、及修訂在首次應用期間的影響。目前尚未能說明該等新準則、詮釋及修訂將對本集團經營業績及財務狀況產生重大影響。3.2 會計估計及判斷編製簡明綜合中期財務資料要求管理層作出影響會計政策應用以及資產及負債、收入及開支呈報金額的判斷、估計及假設。實際結果可能有別於此等估計。於編製簡明綜合中期財務資料時，管理層就應用本集團會計政策作出之重大判斷及估計不確定因素之主要來源與截至2023年12月31日止年度綜合財務報表所應用者一致。3 ACCOUNTING POLICIES AND ACCOUNTING ESTIMATES AND JUDGEMENTS3.1 Accounting policiesExcept

80、 as described below,the accounting policies adopted are consistent with those of the annual financial statements for the year ended 31 December 2023,as described in those annual financial statements.Taxes on incomeTaxes on income in the interim periods are accrued using the tax rate that would be ap

81、plicable to expected total annual earnings.3.1.1 New and amended standards adopted by the GroupA number of new or amended standards became applicable for the current reporting period.The Group did not have to change its accounting policies and make retrospective adjustments as a result of adopting t

82、hese standards.3.1.2 Impact of new standards,interpretations and amendments issued but not yet applied by the GroupThe Group is still assessing what the impact of the new standards,interpretations and amendments will be in the period of initial application.It is not yet in a position to state whethe

83、r these new standards,interpretation and amendments will have a significant impact on the Groups results of operations and financial position.3.2 Accounting estimates and judgementsThe preparation of condensed consolidated interim financial information requires management to make judgements,estimate

84、s and assumptions that affect the application of accounting policies and the reported amounts of assets and liabilities,income and expense.Actual results may differ from these estimates.In preparing the condensed consolidated interim financial information,the critical estimates and judgements made b

85、y management in applying the Groups accounting policies and the key sources of estimation uncertainty were the same as those that applied to the consolidated financial statements for the year ended 31 December 2023.Shoucheng Holdings LimitedInterim Report2024 18NOTES TO THE CONDENSED CONSOLIDATED IN

86、TERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 4 金融工具之公允價值計量 本節闡述釐定於簡明綜合中期財務資料中確認及按公允價值計量的金融工具公允價值所作出的判斷及估計。為得出有關釐定公允價值所用輸入數據之可靠性指標，本集團已按會計準則規定將其金融工具分為三個等級。各等級於下表進行闡述。(i)按經常性基準以公允價值計量之金融資產之公允價值於2024年6月30日之公允價值層級（未經審核）4 FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTSThis note explains the judgements and es

87、timates made in determining the fair values of the financial instruments that are recognised and measured at fair value in the condensed consolidated interim financial information.To provide an indication about the reliability of the inputs used in determining fair value,the Group has classified its

88、 financial instruments into the three levels prescribed under the accounting standards.An explanation of each level follows underneath the table.(i)Fair value of the financial assets that are measured at fair value on a recurring basisFair value hierarchy as at 30 June 2024 (Unaudited)Level 1Level 2

89、Level 3Total第一級級別第二級級別第三級級別合計HK$000HK$000HK$000HK$000港幣千元港幣千元港幣千元港幣千元Financial assets金融資產Financial assets at FVPL按公允價值計入損益之金融資產Equity securities股本證券65,63265,632Investment funds投資基金1,098,5321,098,532Other securities其他證券87,78687,786Financial assets at FVOCI按公允價值計入其他 全面收益之金融資產Other securities其他證券967,12

90、599,5711,066,696Equity securities股本證券2,479,1792,479,179Total合計3,599,7221,198,1034,797,825Financial liabilities金融負債Financial liabilities designated at FVPL指定為以公允價值計入損益之金融負債Third-party interests in fund consolidated by the Group第三方於本集團所合併之基金持有之權益311,627311,627Total合計311,627311,62719首程控股有限公司2024年中期報告NO

91、TES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 4 金融工具之公允價值計量（續）(i)按經常性基準以公允價值計量之金融資產之公允價值（續）於2023年12月31日之公允價值層級（經審核）本集團之政策為於報告期間結束時確認公允價值層級之間的轉入及轉出。截至2024年6月30日止六個月內，第一級級別、第二級級別與第三級級別之間概無轉撥。4 FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS(Continued)(i)Fair value of the

92、 financial assets that are measured at fair value on a recurring basis(Continued)Fair value hierarchy as at 31 December 2023(Audited)Level 1Level 2Level 3Total第一級級別第二級級別第三級級別合計HK$000HK$000HK$000HK$000港幣千元港幣千元港幣千元港幣千元Financial assets金融資產Financial assets at FVPL按公允價值計入損益之金融資產Equity securities股本證券140,2

93、27140,227Foreign currency forward外匯遠期8,3938,393Investment funds投資基金1,031,1951,031,195Other securities其他證券1,068,3711,068,371Wealth management products理財產品14,79914,799Financial assets at FVOCI按公允價值計入其他 全面收益之金融資產Equity securities股本證券2,231,2612,231,261Other securities其他證券133,803133,803Total合計3,573,6628,

94、3931,045,9944,628,049Financial liabilities金融負債Financial liabilities designated at FVPL指定為以公允價值計入損益之金融負債Third-party interests in fund consolidated by the Group第三方於本集團所合併之基金持有之權益384,942384,942Total合計384,942384,942The Groups policy is to recognise transfers into and transfers out of fair value hierarch

95、y levels as at and of the reporting period.There were no transfers between Level 1,2 and 3 during the period ended 30 June 2024.Shoucheng Holdings LimitedInterim Report2024 20NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 4 金融工具之公允價值計量（續）(i)按經常性基準以公允價值計量之金融資產之公允價值（續）第一

96、級級別：於活躍市場買賣之金融工具（如公開買賣的衍生工具及股本證券）之公允價值乃根據報告期間結束時的市場報價列賬。本集團所持有之金融資產所用之市場報價為現時競標價。該等工具乃計入第一級級別。第二級級別：非於活躍市場買賣之金融工具（如場外衍生工具）之公允價值以估值技術計算。該等估值技術充分利用可獲得之可觀察市場數據，從而盡量減少依賴公司之特有估計數據。若按公允價值計量之工具之所有重大數據均可從觀察取得，則該項工具會被列為第二級級別。第三級級別：若一個或多個重大輸入數據並非根據可觀察市場數據釐定，則該項工具會被列為第三級級別。(ii)用於釐定公允價值之估值技術用於評估金融工具價值之特定估值技術包括：

97、外幣遠期根據資產負債表日的遠期外幣匯率計算之貼現現金流量分析；及 投資基金參照投資基金的近 期 交 易 價 或 資 產 淨 值 列賬；其他金融工具貼現現金流量分析；第三方於本集團所合併之基金持有之權益基金淨資產價值；參考同類工具之市場報價或交易商報價，並按缺乏適銷性的折扣率調整（如適用）。4 FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS(Continued)(i)Fair value of the financial assets that are measured at fair value on a recurring basis(Con

98、tinued)Level 1:The fair value of financial instruments traded in active markets(such as publicly traded derivatives and equity securities)is based on quoted market prices at the end of the reporting period.The quoted marked price used for financial assets held by the Group is the current bid price.T

99、hese instruments are included in level 1.Level 2:The fair value of financial instruments that are not traded in an active market(for example,over-the-counter derivatives)is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity

100、-specific estimates.If all significant inputs required to fair value an instrument are observable,the instrument is included in level 2.Level 3:If one or more of the significant inputs is not based on observable market data,the instrument is included in level 3.(ii)Valuation techniques used to deter

101、mine fair valuesSpecific valuation techniques used to value financial instruments include:for foreign currency forwards the present value of future cash flows based on forward exchange rates at the balance sheet date;and for investment funds stated with reference to recent transaction prices or the

102、net asset values of the investment funds;for other financial instruments discounted cash flow analysis;for the third-party interests in fund consolidated by the Group net asset value of the fund;the use of quoted market prices or dealer quotes for similar instruments,if appropriate,with adjustment f

103、or discount of lack of marketability.21首程控股有限公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 4 金融工具之公允價值計量（續）(iii)按經常性基準以公允價值計量之金融資產之公允價值 下表呈列截至2024年6月30日及2023年6月30日止期間之第三級別項目之變動：4 FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS(Continued)(iii)Reconciliation

104、 of level 3 fair value measurements of financial assets and financial liabilitiesThe following table presents the changes in level 3 items for the periods ended 30 June 2024 and 2023:Financial assetsFinancial liability金融資產金融負債InvestmentfundsOthersecuritiesWealthmanagementproductsThird-partyinterests

105、 infund consolidatedby the Group投資基金其他證券理財產品第三方於本集團所合併之基金持有之權益HK$000HK$000HK$000HK$000港幣千元港幣千元港幣千元港幣千元At 1 January 2023(Audited)於2023年1月1日（經審核）849,234181,51167,465(87,461)Gain/(loss)recognised in the condensed consolidated interim statement of comprehensive income於綜合全面收益表 確認之收益12,173(21,442)773316Ad

106、ditions添置13,398297,60841,082(201,317)Disposal出售(3,822)(90,064)Exchange differences匯兌差額(30,084)(22,987)(3,080)At 30 June 2023(Unaudited)於2023年6月30日（未經審核）840,899434,69016,176(288,462)At 1 January 2024(Audited)於2024年1月1日（經審核）1,031,19514,799(384,942)Gain/(loss)recognised in the condensed consolidated in

107、terim statement of comprehensive income於綜合全面收益表 確認之收益47,359(4,203)3,288Additions添置67,352103,774(128)Disposal出售(14,799)76,082Exchange differences匯兌差額(47,374)(5,927)At 30 June 2024(Unaudited)於2024年6月30日（未經審核）1,098,53299,571(311,627)Shoucheng Holdings LimitedInterim Report2024 22NOTES TO THE CONDENSED

108、CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 4 金融工具之公允價值計量（續）(iv)第三級組別金融資產公允價值計量之估值數據輸入及與公允價值的關係下表概述有關第三級級別金融資產之公允價值計量所用的非能觀察性質重要數據輸入的定量資料。所採納的釐定估值技術請參閱上文(ii)。*非能觀察性質數據輸入之間並不會對公允價值造成重大影響之重大相互間關係。4 FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS(Continued)(iv)Valuation inputs and relations

109、hip to fair value of level 3 fair value measurementsThe following table summarises the quantitative information about the significant unobservable inputs used in level 3 fair measurements.See(ii)above for the valuation techniques adopted.Fair value at Range of inputs 於下列日期之公允價值數據輸入範圍Description描述30

110、June202431 December 2023Unobservable inputs*非能觀察性質之數據輸入*30 June 202431 December 2023Relationship of unobservable inputs to fair value2024年6月30日2023年12月31日2024年6月30日2023年12月31日非能觀察性質之數據輸入與公允價值之關係HK$000HK$000港幣千元港幣千元(Unaudited)(Audited)（未經審核）（經審核）Investment funds1,098,5321,031,195Fair value of underly

111、ing assetsN/A不適用N/A不適用The higher the fair value of underlying assets,the higher the fair value投資基金標的資產的公允價值標的資產的公允價值增加導致公允價值計量增加Other securities99,571Discount for lack of marketability2%to 3%2%至3%N/A不適用The higher the discount for lack of marketability,the higher the fair value其他證券缺乏適銷性的折扣缺乏適銷性的折扣增加導

112、致公允價值計量增加Wealth management products14,799Expected rate of returnN/A不適用1.25%to 2.45%1.25%至2.45%The higher the expected rate of return,the higher the fair value理財產品預期收益率預期回報率增加將導致公允價值計量增加Third-party interest in funds consolidate by the Group(311,627)(384,942)Fair value of underlying assets in consolid

113、ated fundsN/A不適用N/A不適用The higher the fair value of underlying assets in consolidated funds,the higher the fair value第三方於本集團所合併之 基金持有之權益本集團所合併之基金的 底層資產的公允價值本集團所合併之基金的底層資產的公允價值增加導致公允價值計量增加*There were no significant inter-relationships between unobservable inputs that materially affect fair values.23首程

114、控股有限公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 4 金融工具之公允價值計量（續）(iv)第三級組別金融資產公允價值計量之估值數據輸入及與公允價值的關係（續）管理層參照非上市股本證券的近期交易價，或通過檢閱各投資基金持有的基礎投資估值評估投資基金公允價值之適當性，以釐定非上市股本證券的公允價值。管理層透過參考報告期末分類為按公允價值計入其他全面收益之其他證券的市值來釐定其公允價值。截至2024年6月30日，價值港幣99,571,000元（2023年12月31日

115、：沒有）的其他證券的限售期限為1年。公允價值的計量反映該限制的影響。因此，截至2024年6月30日，其公允價值按2%至3%缺乏適銷性的折扣率調整後的市場價格釐定。管理層透過審閱所合併之基金持有的相關投資估值去確定第三方於本集團所合併之基金持有之權益的公允價值以評估所合併之基金的公允價值之合理性。4 FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS(Continued)(iv)Valuation inputs and relationship to fair value of level 3 fair value measurements(Cont

116、inued)The management determined the fair value of the investment funds with reference to recent transaction prices or by reviewing the valuations of the underlying investments held by respective investments funds to assess the appropriateness of the fair values of the investment funds.The management

117、 determined the fair value of the other securities classified as FVOCI with reference to the market value at the end of the reporting period.As at 30 June 2024,these securities amounted to HK$99,571,000(31 December 2023:Nil)have restriction of trading within 1 year from initial acquisition.The fair

118、value measurement reflects the effect of such restriction.Therefore,the fair value is determined by the market price adjusted by a discount rate for lack of marketability of 2%to 3%.The management determined tha fair value of third-party interests in funds consolidated by the Group with reference by

119、 reviewing the valuations of the underlying investments held by respective consolidated funds to assess the appropriateness of the fair values of the consolidated funds.Shoucheng Holdings LimitedInterim Report2024 24NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 4 金融工具

120、之公允價值計量（續）(v)估值流程本集團設有一個小組，專責就財務報告目的對金融工具估值，包括第三級級別公允價值。此小組直接向高級管理層及審核委員會報告。為配合本集團的半年度報告期，高級管理層與估值小組最少每六個月就估值流程和相關結果展開一次討論。第二級級別及第三級級別公允價值的變動乃由高級管理層、審核委員會及估值小組於各報告期末在半年度估值會議中討論和分析。作為討論的一部分，小組會呈交報告以解釋公允價值變動的原因。(vi)受具有抵銷安排、可強制性執行的統一淨額結算及類近協議所規限的金融資產及金融負債本集團於簡明綜合中期財務狀況表並無在統一淨額結算協議下尚未到期之金融資產或金融負債。由於並無該等

121、尚未到期合約，因此對本集團簡明綜合中期財務資料所載之報告金額及有關本集團統一淨額結算協議之各項披露並無重大影響。4 FAIR VALUE MEASUREMENTS OF FINANCIAL INSTRUMENTS(Continued)(v)Valuation processesThe Group includes a team that performs the valuations of financial instruments required for financial reporting purposes,including level 3 fair values.This team

122、 reports directly to the senior management and the audit committee.Discussions of valuation processes and results are held between the senior management and the valuation team at least once every six-month,in line with the Groups half-yearly reporting periods.Changes in level 2 and 3 fair values are

123、 analysed at the end of each reporting period during the half-yearly valuation discussion between the senior management,audit committee and the valuation team.As part of this discussion,the team presents a report that explains the reason for the fair value movements.(vi)Financial assets and financia

124、l liabilities subject to offsetting,enforceable master netting arrangements and similar agreementsThe Group has no such financial assets or financial liabilities outstanding in the condensed consolidated interim statement of financial position which are under master netting agreements.No material im

125、pact on the amounts reported in the Groups condensed consolidated interim financial information and respective disclosures relating to the Groups master netting agreements as no such contracts outstanding.25首程控股有限公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附

126、註 5 收入及分部資料本集團之主要業務於本報告附註1披露。期內已確認之收入如下：5 REVENUE AND SEGMENT INFORMATIONThe Groups principal activities are disclosed in note 1 to this report.Revenue recognised during the periods are as follows:Six months ended 30 June截至6月30日止六個月20242023HK$000HK$000港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Revenu

127、e recognised under HKFRS 15:根據香港財務報告準則 第15號確認之收入：Operation service income運營服務收入362,078258,945Construction revenue from service concession agreements服務特許經營安排 收入11,4927,108Fund management services income基金管理服務收入95,20678,865Excess return from investment funds投資基金的超額回報97,491129,766566,267474,684Revenue

128、recognised under other accounting standards:根據其他會計準則 確認之收入：Leasing income租賃收入32,20225,143Investment loss on financial assets at FVPL按公允價值計入損益之金融 資產之投資虧損(62,626)(154,652)Total revenue收入總值535,843345,175Shoucheng Holdings LimitedInterim Report2024 26NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL

129、 INFORMATION簡明綜合中期財務資料附註 5 收入及分部資料（續）管理層根據主要營運決策者審閱的用於作出策略決策的資料釐定經營分部，於達成本集團之呈報分部時，並無加總經主要營運決策人識別之各營運分部。向主要營運決策者報告之收入、除稅前利潤、資產總值及負債總值以與簡明綜合中期財務報表一致的方式進行呈列。5 REVENUE AND SEGMENT INFORMATION(Continued)Six months ended 30 June截至6月30日止六個月20242023HK$000HK$000港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Timi

130、ng of revenue recognition收入確認的時點 Overtime在一段時間內566,267474,684Management has determined the operating segments based on the reports reviewed by the chief operating decision makers that are used to make strategic decisions and resources allocation.No operating segment identified by the chief operating

131、 decision makers have been aggregated in arriving at the reportable segments of the Group.The revenue,profit before tax,total assets and total liabilities reported to the chief operating decision makers are measured in a manner consistent with that in the condensed consolidated interim financial sta

132、tements.27首程控股有限公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 6 其他收入及其他收益淨額6 OTHER INCOME AND OTHER GAINS,NETSix-month ended 30 June截至6月30日止六個月20242023HK$000HK$000港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Other income其他收入Dividend income股息收入144,156246,329Gov

133、ernment grant政府補助3961,772Interest income on bank deposits銀行存款利息收入65,03962,429Others其他723179210,314310,709Other gains,net其他收益淨額Exchange gain,net匯兌收益淨額10,1481,645Fair value gain on financial assets at FVPL按公允價值計入損益之金融 資產之公允價值收益1,87610,888Gain on change in fair value of investment properties投資物業 之公允價值收

134、益18,222135,471Others其他6442,62630,890150,630Shoucheng Holdings LimitedInterim Report2024 28NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 7 經營溢利本集團期間經營溢利已扣除以下：8 所得稅費用香港利得稅香港利得稅乃根據應課稅溢利於截至2024年6月30日止六個月及2023年6月30日止六個月按稅率16.5%計算。中國企業所得稅根據中華人民共和國（中國）企業所得稅法（企業所得稅法）及企業所得稅法實施

135、條例，在中國內地之附屬公司於截至2024年6月30日止六個月及2023年6月30日止六個月之稅率主要為25%。7 OPERATING PROFITThe Groups operating profit for the period is stated after charging the followings:Six months ended 30 June截至6月30日止六個月20242023HK$000HK$000港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Employee benefit expenses,including directors e

136、moluments僱員福利支出（包括董事酬金）basic salaries,share options and allowances基本薪金，股份期權 及津貼63,88378,268 retirement benefits scheme contributions退休褔利計劃 供款21,11024,84684,993103,114Amortisation of other non-current assets其他非流動資產攤銷5,7965,580Depreciation of property,plant and equipment物業、廠房及設備 折舊3,5712,810Depreciati

137、on of right-of-use assets使用權資產折舊97,78385,620Legal and professional fees法律及專業費用5,7045,393Minimum lease payments under operating leases in respect of land and buildings土地及樓宇於短期租賃下之 最低租金92,99365,716Research and development expenses研發費用7,69311,9688 INCOME TAX EXPENSEHong Kong profits taxHong Kong profit

138、s tax is calculated at 16.5%of the assessable profit for the six months ended 30 June 2024 and for the six months ended 2023.China enterprise income taxUnder the Law of the Peoples Republic of China(the“PRC”)on Enterprise Income Tax(the“EIT Law”)and Implementation Regulation of the EIT Law,the tax r

139、ate of the subsidiaries in Mainland China is mainly 25%for the six months ended 30 June 2024 and for the six months ended 2023.29首程控股有限公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 9 每股盈利(a)每股基本盈利期間每股基本盈利乃按本公司擁有人應佔溢利除以本期已發行普通股加權平均數及剔除股權激勵計劃所持股份計算：(b)每股稀釋盈利期

140、間每股稀釋盈利乃按經調整的本公司擁有人溢利在考慮到所得稅後利息和與潛在稀釋效應的普通股的其他相關所得稅後融資成本除以經調整的本期已發行普通股加權平均數，在考慮到假設所有可能稀釋的普通股已經轉換後而額外發行的普通股。9 EARNINGS PER SHARE(a)Basic earnings per shareThe basic earnings per share for the period is calculated by dividing the profit attributable to the owners of the Company by the weighted average

141、 number of ordinary shares in issue during the period and excluding the shares held for share incentive plan.Six months ended 30 June截至6月30日止六個月20242023HK centsHK cents港仙港仙(Unaudited)(Unaudited)（未經審核）（未經審核）Basic earnings per share attributable to the owners of the Company本公司擁有人應佔 每股基本盈利3.654.17(b)Di

142、luted earnings per shareThe diluted earnings per share for the period is calculated by dividing the adjusted profit attributable to the owners of the Company which have been taken into account the after-tax interest and other related after-tax financing costs on potentially dilutive ordinary shares

143、by the adjusted weighted average number of ordinary shares in issue for the period which have taken into account the additional ordinary shares that would have been outstanding assuming that all potentially dilute ordinary shares have been converted.Six months ended 30 June截至6月30日止六個月20242023HK cent

144、sHK cents港仙港仙(Unaudited)(Unaudited)（未經審核）（未經審核）Diluted earnings per share attributable to the owners of the Company本公司擁有人應佔 每股稀釋盈利3.654.14Shoucheng Holdings LimitedInterim Report2024 30NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 9 每股盈利（續）(c)用於計算每股盈利之盈利 對賬(d)作為分母之股份之

145、加權 平均數9 EARNINGS PER SHARE(Continued)(c)Reconciliations of earnings used in calculating earnings per shareSix months ended 30 June截至6月30日止六個月20242023HK$000HK$000港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Basic and diluted earnings per share每股基本及稀釋盈利Profit attributable to the owners of the Company use

146、d in calculating basic and diluted earnings per share用於計算每股基本及稀釋盈利之本公司擁有人應佔溢利260,551303,194(d)Weighted average number of shares used as the denominatorSix months ended 30 June截至6月30日止六個月20242023Number of shareNumber of share股份數目股份數目000000千股千股(Unaudited)(Unaudited)（未經審核）（未經審核）Weighted average number

147、of ordinary shares used as the denominator in calculating basic earnings per share作為分母用於計算每股 基本盈利之普通股加權 平均數7,132,9727,275,232Adjustments for calculation of diluted earnings per share in relation to options granted to employees under the share incentive plan(Note 9(e)調整有關股權激勵計劃下授予員工的購股權的每股稀釋盈利計算（附註9(

148、e)45,572Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted earnings per share作為分母用於計算每股 稀釋盈利之普通股及潛在 普通股加總加權平均數7,132,9727,320,80431首程控股有限公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 9 每股盈利

149、（續）(e)股份期權之影響根據股權激勵計劃，授予員工的股份期權被視為潛在普通股。截至2024年6月30日止六個月部分未行使的股份期權不包括在每股稀釋盈利的計算中，因該股份期權對截至2024年6月30日具有反稀釋作用。10 物業、廠房及設備、使用權資產及其他非流動資產 於期內，本集團就購買物業、廠房及設 備、使 用 權 資 產 及 其 他 非 流 動 資產產生開支約港幣10,278,000元、港幣602,951,000元及港幣67,889,000元（截至2023年6月30日止六個月：港幣2,311,000，港幣10,938,000及港幣50,792,000）。9 EARNINGS PER SHA

150、RE(Continued)(e)Effects of share optionsOptions granted to employees under the share incentive plan are considered to be potential ordinary shares.Certain outstanding share options as at 30 June 2024 are not included in the calculation of diluted earnings per share because they are anti-dilutive as

151、at 30 June 2024.10 PROPERTY,PLANT AND EQUIPMENT,RIGHT-OF-USE ASSETS AND OTHER NON-CURRENT ASSETSDuring the period,the Group incurred approximately HK$10,278,000,HK$602,951,000 and HK$67,889,000(for the six months ended 30 June 2023:HK$2,311,000,HK$10,938,000 and HK$50,792,000)on addition of property

152、,plant and equipment,right-of-use assets and other non-current assets,respectively.Shoucheng Holdings LimitedInterim Report2024 32NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 11 應收賬款於2024年6月30日及2023年12月31日，應收賬款之信貸期一般為30至180日。於報告期結束時，應收賬款（扣除減值虧損撥備）根據發票日期（與各有關營業額之確認日期相

153、若）呈列之賬齡分析如下：11 TRADE RECEIVABLESAs at30 June2024As at31 December2023於2024年6月30日於2023年12月31日HK$000HK$000港幣千元港幣千元(Unaudited)(Audited)（未經審核）（經審核）Trade receivables應收賬款257,136205,871Less:Provision for impairment on receivables減：應收款項減值撥備(2,223)(2,223)Trade receivables net應收賬款淨額254,913203,648The credit ter

154、ms of trade receivables are normally 30 to 180 days as at 30 June 2024 and 31 December 2023.The following is an ageing analysis of trade receivables net of provision for impairment losses based on the invoice dates at the end of the reporting period,which were similar to the respective revenue recog

155、nition dates:As at30 June2024As at31 December2023於2024年6月30日於2023年12月31日HK$000HK$000港幣千元港幣千元(Unaudited)(Audited)（未經審核）（經審核）Within 60 days60日內56,59879,18861-90 days61至90日20,43027,78791-180 days91至180日46,58521,248Over 180 days180日以上131,30075,425254,913203,64833首程控股有限公司2024年中期報告NOTES TO THE CONDENSED C

156、ONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 12 股本附註：(a)截至2023年12月31日止之年度，本公司以價格範圍每股港幣1.29元至港幣2.30元回購203,026,000股本公司普通股股份?；刭徦每偨痤~約為港幣378,685,000元。在截至2023年12月31日止年度，本公司回購的158,762,000股普通股股份已註銷。剩下的44,264,000股回購普通股股份已隨之註銷。(b)於2023年1月31日，本公司向陽光人壽保險有限公司配售本公司252,802,000股普通股，配售價格為每股1.80港元。配售所得款項淨額約

157、為港幣448,000,000元。進一步的詳情，請參閱本公司日期為2023年1月13日及2023年1月31日之公告。(c)截至2024年6月30日止六個月，本公司以價格範圍每股港幣1.32元至港幣1.62元回購31,468,000股本公司普通股股份?；刭徦每偨痤~約為港幣46,463,000元。在截至2024年6月30日的六個月內，回購的28,468,000股普通股股份連同於2023年12月回購的44,264,000股普通股股份，合共72,732,000股普通股股份已註銷。剩下的3,000,000股回購普通股股份已隨之註銷。12 SHARE CAPITALApproximateNumber of

158、SharesShare Capital股份數目約數股本000HK$000千股港幣千元Ordinary shares issued and fully paid:已發行及已繳足普通股：At 1 January 2023(Audited)於2023年1月1日（經審核）7,275,93512,546,847Share repurchase(Note(a)股份回購（附註(a)）(158,762)Issue of new shares on 31 January 2023(Note(b)於2023年1月31日配售股份 時發行的股份（附註(b)）252,802448,000At 31 December 2

159、023 and 1 January 2024(Audited)於2023年12月31日及 2024年1月1日（經審核）7,369,97512,994,847Share repurchase(Note(c)股份回購（附註(c)）(72,732)At 30 June 2024(Unaudited)於2024年6月30日（未經審核）7,297,24312,994,847Note:(a)During the year ended 31 December 2023,203,026,000 ordinary shares of the Company were repurchased at a price

160、 ranging from HK$1.29 to HK$2.30 per share.The total amount paid for the repurchase was approximately HK$378,685,000.The repurchased ordinary shares of 158,762,000 have been cancelled during the twelve months ended 31 December 2023.The residual 44,264,000 repurchased ordinary shares of the Company h

161、ave been cancelled subsequently.(b)On 31 January 2023,the Company placed a total of approximately 252,802,000 ordinary shares of the Company to Sunshine Life Insurance Corporation Limited at a placing price of HK$1.80 per shares.The net proceeds of the placing amounts to approximately HK$448,000,000

162、.For details,please refer to the Companys announcements dated 13 January 2023 and 31 January 2023.(c)During the six months ended 30 June 2024,31,468,000 ordinary shares of the Company were repurchased at a price ranging from HK$1.32 to HK$1.62 per share.The total amount paid for the repurchase was a

163、pproximately HK$46,463,000.The repurchased ordinary shares of 28,468,000 together with the repurchased ordinary shares of 44,264,000 in December 2023,totalling 72,732,000 ordinary shares have been cancelled during the six months ended 30 June 2024.The residual 3,000,000 repurchased ordinary shares o

164、f the Company have been cancelled subsequently.Shoucheng Holdings LimitedInterim Report2024 34NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 13 應付賬款於報告期結束時，應付賬款根據發票日期呈列之賬齡分析如下：13 TRADE PAYABLESThe following is an ageing analysis of trade payables presented based on the

165、 invoice date at the end of the reporting period:As at30 June2024As at31 December2023於2024年6月30日於2023年12月31日HK$000HK$000港幣千元港幣千元(Unaudited)(Audited)（未經審核）（經審核）Within 90 days90日內69,936221,26591-180 days91至180日52,31339,260181-365 days181至365日155,79069,600Over 365 days365日以上150,785155,460428,824485,585

166、35首程控股有限公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 14 借款及應付債券於報告期結束時，本集團之借款及應付債券還款期如下：14 BORROWINGS AND BOND PAYABLESAs at30 June2024As at31 December2023於2024年6月30日於2023年12月31日HK$000HK$000港幣千元港幣千元Note(Unaudited)(Audited)附註（未經審核）（經審核）Repayable within one

167、year and shown under current liabilities須於一年內償還及 於流動負債項下列示Secured borrowings已抵押借款(a)30,69729,159Unsecured borrowings無抵押借款(a)127,97230,697157,131Non-current liabilities非流動負債Secured borrowings已抵押借款(a)361,148452,280Secured bond payables已抵押應付債券(c)179,395183,786Unsecured bond payables無抵押應付債券(b)535,000Tot

168、al borrowings and bond payables借款及應付債券總額1,106,240793,197As the end of the reporting period,the Groups borrowings and bond payables were repayable as follows:As at30 June2024As at31 December2023於2024年6月30日於2023年12月31日HK$000HK$000港幣千元港幣千元(Unaudited)(Audited)（未經審核）（經審核）Within 1 year or repayable on dem

169、and1年內或須按要求償遺30,697157,131Between 1 and 2 years1至2年40,48040,493Between 2 and 5 years2至5年874,186365,706Over 5 years5年以上160,877229,8671,106,240793,197Shoucheng Holdings LimitedInterim Report2024 36NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 14 借款及應付債券（續）附註(a)借款借款的賬面值與

170、其公允價值相若。(b)無抵押應付債券2024年5月，本公司以票面利率2.5%的價格成功發行首期規模人民幣5億元（相當約港幣5.35億元）的3年期中期票據。(c)已抵押應付債券2023年6月，本公司全資子公司驛停車（京）投資管理有限公司發行了停車資產準房地產投資信託結構化資產證券化產品（類REITs結構化資產證券產品）。截至2024年6月30日，餘額約為港幣1.79億元。類REITs結構性資產證券化產品的到期日為2043年11月24日。公司有權向投資者回購產品，投資者有權在到期期間每三年向公司回售產品。14 BORROWINGS AND BOND PAYABLES(Continued)ote(a

171、)BorrowingsThe carrying amounts of borrowings are approximately to their fair values.(b)Unecured borrowingsIn May 2024,the Company issued the first tranche of 3-year medium-term notes with an issuance scale of RMB500 million(equivalent to approximately HK$535 million)at a coupon rate of 2.5%.(c)Secu

172、red bond payablesIn June 2023,E Park Investment Management Co.,Ltd.,a wholly-owned subsidiary of the Company,issued the parking asset quasi-REITs structured asset securitisation product(“Quasi-REITs Structured Asset Securitisation Product”).As at 30 June 2024,the balance was approximately HK$179 mil

173、lion.The maturity date of the Quasi-REITs Structured Asset Securitisation Product is 24 November 2043.The Company has the option to buy back the product from the investors and the investors have the option to sell back the products to the Company every three years during the maturity period.37首程控股有限

174、公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 15 股息於半年內確認的股息於2024年3月28日之董事會決議，董事會建議派發截至2023年12月31日止年度之末期股息合共港幣1.61億元予於2024年7月16日營業時間結束時名列於本公司股東名冊內之股東。該末期股息於2024年5月23日舉行之本公司股東周年大會上獲股東批準。末期股息於截至2024年6月30日止六個月已確認為負債及已於2024年8月5日支付。股息分配包括截至2024年6月30日六個月在本集團股權激勵計

175、劃下本集團託管之被分類為公司庫存股的股份所收取的約港幣400萬元（2023年6月30日止六個月：港幣900萬元）。於半年內尚未確認的股息董事會宣派截至2024年6月30日止六個月之中期股息合共港幣2.08億元（相當於每股2.86港仙，基於2024年8月24日之已發行股份數目，即7,287,773,440股）予於2024年9月26日（星期四）營業時間結束時名列於本公司股東名冊內之股東。中期股息於2024年6月30日尚未確認為負債。15 DIVIDENDSDividends recognised during the half-yearSix months ended 30 June截至6月30日

176、止六個月20242023HK$000HK$000港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Final dividend末期股息160,539400,279In a board resolution dated 28 March 2024,the Board declared a final dividend with the total amount of HK$161 million for the year ended 31 December 2023 payable to shareholders whose names appear on th

177、e register of members of the Company at the close of business on 16 July 2024.The final dividend was approved at the annual general meeting held on 23 May 2024.The final dividends have been recognised as liabilities at 30 June 2024 and were paid on 5 August 2024.The dividend distribution includes ap

178、proximately HK$4 million which will be received by the treasury shares held by the Company for the shares incentive plan during the period ended 30 June 2024(during the period ended 30 June 2023:approximately HK$9 million).Dividends not recognised at the end of the half-yearSix months ended 30 June截

179、至6月30日止六個月20242023HK$000HK$000港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Declared and payable after interim period 於中期後宣派及應付208,430243,000The Board has declared an interim dividend in the total amount of HK$208 million(equivalent of HK2.86 cents per share,based on the number of issued shares on 24 Au

180、gust 2024,i.e.7,287,773,440 shares)for the six months ended 30 June 2024,which is payable to the shareholders whose names appear on the register of members of the Company at the close of business on Thursday,26 September 2024.The interim dividend has not been recognised as liabilities as at 30 June

181、2024.Shoucheng Holdings LimitedInterim Report2024 38NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 16 RELATED PARTY DISCLOSURESThe Companys substantial shareholder with significant influence is Shougang Holding(Hong Kong)Limited,which is a wholly-owned subsidiary of Sh

182、ougang Group Co.,Ltd.,a state-owned enterprise under the direct supervision of the Beijing State-owned Assets Supervision and Administration Commission.Shougang Group Co.,Ltd.,together with its associates(as defined in the Listing Rules)other than the Group,will hereinafter be referred to as the“Sho

183、ugang Group”.Accordingly,the Group is significantly influenced by Shougang Group.The transactions and those balances with Shougang Group are disclosed below:(i)Transactions with related partiesSix months ended 30 June截至6月30日止六個月20242023HK$000HK$000港幣千元港幣千元Notes(Unaudited)(Unaudited)附註（未經審核）（未經審核）Sho

184、ugang Group首鋼集團Management fee expenses管理費開支(a)&(b)2,2691,495Purchases by the Group本集團採購(a)&(b)6,5875,812Rental expenses租金開支(a)&(b)1,8462,546Rental income租金收入(a)6666Services provided by the Group 本集團提供之服務(a)&(c)195,858332,424Notes:(a)The terms of the transactions are mutually agreed between the Group

185、 and the counter parties.(b)Shougang Group provides materials,leasing and management services to the Group.(c)The Group provides fund management services to Shougang Group and/or its associates.16 關聯人士披露本公司之有重要影響的主要股東為首鋼控股（香港）有限公司（乃首鋼集團有限公司（北京國有資產監督管理委員會直接監督之國有企業）的全資附屬公司）。除本集團外，首鋼集團有限公司及其聯繫人（根據上市規則定

186、義）以下將被稱為 首鋼集團。因此，本集團受首鋼集團之重大影響。本集團與首鋼集團進行之交易及結餘披露如下：(i)與關聯人士進行之交易附註：(a)交易之條款乃由本集團與對手方相互協定。(b)首鋼集團向本集團提供物料、租賃及管理服務。(c)本集團向首鋼集團及或其聯營公司提供基金管理服務。39首程控股有限公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 16 RELATED PARTY DISCLOSURES(Continued)(ii)Compensation of key

187、 management personnelThe remuneration of key management personnel,which represents the Directors of the Company during the period was as follows:Six month ended 30 June截至6月30日止六個月20242023HK$000HK$000港幣千元港幣千元(Unaudited)(Unaudited)（未經審核）（未經審核）Short-term employee benefits短期僱員福利1,6803,065Post-employment

188、 benefits退休福利9241,6893,089The remuneration of key management personnel is determined by the Remuneration Committee of the Board of Directors having regard to the market practice,competitive market position and individual performance.16 關聯人士披露（續）(ii)主要管理人員之薪酬 於期內代表本公司董事的主要管理人員之薪酬如下：主要管理人員之酬金由董事會轄下之薪酬

189、委員會釐定，並已考慮市場慣例、競爭激烈之市場狀況及個別人士表現。Shoucheng Holdings LimitedInterim Report2024 40NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 17 本公司之財務狀況表17 STATEMENT OF FINANCIAL POSITION OF THE COMPANYAs at30 June2024As at31 December2023於2024年6月30日於2023年12月31日HK$000HK$000港幣千元港幣千元Not

190、e(Unaudited)(Audited)附註（未經審核）（經審核）ASSETS資產Non-current assets非流動資產Investments in subsidiaries於附屬公司之投資284,924284,924Investments non-current投資非流動106,211133,803Prepayments and deposits預付款項及按金35,18940,924Total non-current assets非流動資產總值426,324459,651Current assets流動資產Prepayments,deposits and other receiva

191、bles預付款項、按金及 其他應收款項141,187138,529Amounts due from subsidiaries借予附屬公司之款項12,646,69712,258,345Investments current投資流動182,283175,312Time deposits with maturity over three months多於三個月內到期之 定期存款1,315,7011,751,346Bank balances and cash銀行結餘及現金977,849532,331Total current assets流動資產總值15,263,71714,855,863Total

192、assets資產總值15,690,04115,315,51441首程控股有限公司2024年中期報告NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION簡明綜合中期財務資料附註 17 本公司之財務狀況表（續）18 期後事項本集團沒有重大需要披露的報告期後事項。17 STATEMENT OF FINANCIAL POSITION OF THE COMPANY(Continued)As at30 June2024As at31 December2023於2024年6月30日於2023年12月31日HK$000HK$000港

193、幣千元港幣千元Note(Unaudited)(Audited)附註（未經審核）（經審核）EQUITY權益Capital and reserves股本及儲備Share capital股本1212,994,84712,994,847Reserves儲備1,993,8822,203,114Total equity 權益總值14,988,72915,197,961LIABILITIES負債Non-current liability非流動負債Bond payable應付債券14535,000Total non-current liability非流動負債總值535,000Current liabilit

194、ies流動負債Borrowings current借款流動105,600Other payables and accrued liabilities其他應付款項及應計 負債166,31211,953Total current liabilities流動負債總值166,312117,553Total liabilities負債總值701,312117,553Total equity and liabilities權益及負債總值15,690,04115,315,51418 SUBSEQUENT EVENTSThere were no material events occurring after

195、the reporting period required to be disclosed by the Group.Shoucheng Holdings LimitedInterim Report2024 42MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析公司縱覽本集團專注投資、運營及管理中國具有長期價值的核心基礎設施資產。本集團以資產運營和資產融通兩大核心能力驅動，構建基礎設施資產週期生命管理服務能力，深度服務客戶。2024年上半年，本集團錄得營業收入港幣約為5.36億元，較截至2023年6月30日止六個月（2023年同期）增長約為55%。其中，資產營

196、運收入約為港幣4.06億元，較2023年同期增長約為40%。資產融通收入約為港幣1.30億元，較2023年同期增長約為138%。本集團收入大幅度增長，一方面得益於本集團資產運營規模的增長，2024年上半年年初投入運營的廣州市白雲國際機場停車場經營權項目（廣州白雲機場停車場經營權項目）和北京市豐臺鐵路站停車場項目（北京豐臺站停車場項目）等項目為資產運營收入增長提供強勁動能；另一方面，本集團在管基金規模也顯著提高，為本集團持續貢獻穩定的基金管理費收入。2024年上半年，本公司擁有人應佔溢利約為港幣2.61億元，2023年同期本公司擁有人應佔溢利約為港幣3.03億元。2024年上半年，本集團每股基本

197、盈利及每股稀釋盈利約為3.65港仙，2023年同期每股基本盈利約為4.17港仙、每股稀釋盈利約為4.14港仙。COMPANY OVERVIEWThe Group focused on the investment,operation and management of core infrastructure assets in China that have long-term value.Driven by its two core competencies of asset operation and FIME(FIME is defined as fundraising,investme

198、nt,management and exit),the Group has built infrastructure asset cycle life management service capabilities and provided in-depth services to its customers.In the first half of 2024,the Group recorded revenue of approximately HK$536 million,representing an increase of approximately 55%compared to th

199、e six months ended 30 June 2023(the“Corresponding Period in 2023”),of which revenue from asset operation amounted to approximately HK$406 million,representing an increase of approximately 40%as compared to the Corresponding Period in 2023.Revenue from FIME amounted to approximately HK$130 million,re

200、presenting an increase of approximately 138%as compared to the Corresponding Period in 2023.The significant increase of the Groups revenue is,on the one hand,attributed to the growth of the scale of assets under management of the Group,such as the project of parking operating rights of Guangzhou Bai

201、yun International Airport*(“Guangzhou Baiyun Airport Parking Operation Rights Project”,廣州白雲機場停車場經營權項目）and the car park project of Beijing Fengtai Station*(“Beijing Fengtai Station Parking Lot Project”,北京豐臺站停車場項目）that were put into operation at the beginning of the year which have provided strong mom

202、entum for the growth of asset operating revenue.On the other hand,the scale of funds under management of the Group has also increased,continuously contributing stable fund management fee income to the Group.In the first half of 2024,profit attributable to owners of the Company amounted to approximat

203、ely HK$261 million,as compared to profit attributable to owners of the Company of approximately HK$303 million for the Corresponding Period in 2023.In the first half of 2024,the Groups basic earnings per share and diluted earnings per share was approximately HK3.65 cents.The Groups basic earnings pe

204、r share was approximately HK4.17 cents and diluted earnings per share was approximately HK4.14 cents for the Corresponding Period in 2023.*For identification purpose only*僅供識別43首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析關鍵財務指標概覽 資產融通代表募資，投資，管理及退出*有關經調整EBITDA的定義及計算載列於本報告第44及46頁#有關資產負債

205、率的定義及計算載列於本報告第44及54頁 有關債務資本比率的定義及計算載列於本報告第44及55頁KEY PERFORMANCE INDICATORS REVIEWFor the six months ended30 June截至6月30日止六個月20242023HK$millionHK$million港幣百萬元港幣百萬元Revenue收入536345Including:Revenue from asset operation其中：資產營運收入406291Revenue from FIME資產融通收入13054Adjusted EBITDA*經調整EBITDA*467456Operating p

206、rofit經營溢利353419Profit attributable to the owners of the Company本公司擁有人應佔溢利261303For the six months ended30 June截至6月30日止六個月20242023HK centsHK cents港仙港仙Basic earnings per share每股基本盈利3.654.17Diluted earnings per share每股稀釋盈利3.654.14As at 30 June 2024As at 31 December2023於2024年6月30日於2023年12月31日HK$millionH

207、K$million港幣百萬元港幣百萬元Total assets資產總值14,35213,523Net assets淨資產10,15510,041Asset Liability ratio#資產負債率#29.2%25.7%Debt Equity ratio債務資本比率11.0%8.0%FIME is defined as fundraising,investment,management and exit.*The definition and calculation of Adjusted EBITDA are set out in pages 44 and 46 of this report

208、.#The definition and calculation of Asset Liability ratio are set out in pages 44 and 54 of this report.The definition and calculation of Debt Equity ratio are set out in pages 44 and 55 of this report.Shoucheng Holdings LimitedInterim Report2024 44MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析Non-HKFRS

209、s MeasuresProfit before income tax plus non-controlling interest,finance costs,depreciation,and amortisation is defined as the adjusted EBITDA(the“Adjusted EBITDA”)of the Group.The Adjusted EBITDA is presented because they are used by management to evaluate operating performance.The calculation of A

210、djusted EBITDA is set out in page 46 of this report.The total liabilities divided by total assets is defined as the Asset Liability ratio(the“Asset Liability ratio”)of the Group.The Asset Liability ratio is presented because it is used by management to evaluate the Groups debt level.The calculation

211、of the Asset Liability ratio is set out in page 54 of this report.The total debts divided by capital and reserves attributable to owners of the Company is defined as the Debt Equity ratio(the“Debt Equity ratio”)of the Group.The Debt Equity ratio is presented because it is used by management to evalu

212、ate how the Group utilise its debts for financing the business and operations for growth.The calculation of the Debt Equity ratio is set out in page 55 of this report.The Adjusted EBITDA,Asset Liability ratio and Debt Equity ratio are used as additional financial measures to supplement the Groups co

213、nsolidated financial statements which are presented in accordance with HKFRSs.The Group believes that the Adjusted EBITDA,Asset Liability ratio and Debt Equity ratio provide meaningful supplemental information regarding the Groups performance and the core operating results,enhances the overall under

214、standing of the Groups past performance and future prospects and allows for greater visibility with respect to key metrics used by the Groups management in its financial and operational decision-making.It would help the investors of the Company and others understand and evaluate the Groups consolida

215、ted results of operations in the same manner as management and in comparing financial results across different accounting periods.非香港財務報告準則準則計量除所得稅前溢利加上非控股權益、財務成本、折 舊 和 攤 銷 被 定 義 為 本 集 團 經 調 整EBITDA（經調整EBITDA）。經調整EBITDA的呈列乃因為管理層使用該等財務指標評估經營表現。有關經調整EBITDA的計算載列於本報告第46頁。負債總值除以資產總值被定義為本集團的資產負債比率（資產負債比率）

216、。列示資產負債比率是因為管理層使用該比率來評估本集團之負債水準。有關資產負債率的計算載列於本報告第54頁。債務總值除以本公司擁有人應佔股本債務及儲備被定義為本集團的債務資本比率（資本比率）。列示債務資本比率是因為管理層使用該比率來評估集團如何利用其債務為業務和運營融資以實現增長。有關債務資本比率的計算載列於本報告第55頁。經調整EBITDA，資產負債比率及債務資本比率乃用作額外財務計量指標，以補充本集團根據香港財務報告準則呈列的綜合財務報表。本集團認為，經調整EBITDA，資產負債比率及債務資本比率提供了有關本集團業績和核心經營業績的實用輔助資訊，增強了對本集團過往表現及未來前景的整體理解，並

217、且有助於更清晰地了解本集團管理層在財務和運營決策中所使用的核心指標。這將有助於本公司投資者和其他人以與管理層相同的方式了解和評價本集團的綜合經營業績，並比較不同會計期間的財務業績。45首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析FINANCIAL REVIEWThe six months ended 30 June 2024 compared to the six months ended 30 June 2023:Revenue and Cost of SalesIn the first half of 2024,th

218、e Group recorded revenue of approximately HK$536 million,representing an increase of approximately 55%as compared to the Corresponding Period in 2023.As the scale of parking lot asset management continues to increase,revenue from asset operation has gradually increased.During the period,the revenue

219、generated from asset operation amounted to approximately HK$406 million,representing an increase of approximately 40%as compared to the Corresponding Period in 2023.The Group recorded revenue from FIME of approximately HK$130 million,representing an increase of approximately 138%as compared to the C

220、orresponding Period in 2023.The Group focused on improving the internal operation and management system which further enhanced efficiency,resulted in cost reduction,and gradually increased the overall gross profit of asset operation.The gross profit margin for the first half of 2024 was approximatel

221、y 43.6%,representing an increase of absolute value of approximately 14.9%as compared to approximately 28.7%for the Corresponding Period in 2023.Finance costsDuring the first half of 2024,finance costs of the Group amounted to approximately HK$58 million,representing an increase of approximately 5%as

222、 compared to the Corresponding Period in 2023.The finance costs are mainly attributable to the interests on lease liabilities derived from the adoption of HKFRS 16 Leases and the interest on the borrowings and bond payables.TaxationProvision for taxation amounting to approximately HK$49 million was

223、made for the first half of 2024,while provision for taxation of approximately HK$11 million was made for the Corresponding Period in 2023.Income tax expenses mainly includes the enterprise income tax calculated at a tax rate mainly of 25%for the Groups major PRC subsidiaries incorporated in the Main

224、land China.財務回顧截至2024年6月30日止六個月與截至2023年6月30日止六個月之比較：收入及銷售成本本集團於2024年上半年錄得收入約為港幣5.36億元，對比2023年同期增長約為55%。其中，隨著停車場資產管理規模的不斷增大，資產營運收入逐步提高，本期資產營運收入港幣約為4.06億元，較2023年同期上漲約為40%。資產融通收入約為港幣1.30億元，較2023年同期增長約為138%。本集團著力提升內部運營管理體系，運營效率進一步提升，降本增效成果顯著，資產運營毛利亦逐步提升。2024年上半年整體毛利率約為43.6%，對比2023年同期約為28.7%，絕對值增長約為14.9%

225、。財務成本2024年上半年，本集團財務成本約為港幣0.58億元，較2023年同期增長約為5%。財務成本主要為因採納香港財務報告準則第16號租賃而產生之租賃負債利息及借款以及應付債券的利息。稅項本集團2024年上半年就所得稅計提撥備約為港幣0.49億元，2023年同期則約為港幣0.11億元。所得稅費用主要包括本集團於中國成立的主要附屬公司主要以稅率25%計算之企業所得稅。Shoucheng Holdings LimitedInterim Report2024 46MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析Adjusted EBITDAThe Adjust

226、ed EBITDA attempts to represent cash profit generated by the core operations by stripping out the 1)income tax expenses depending on different tax rates in different countries;2)non-cash items,including depreciation and amortisation;3)finance costs depending on the Groups capital structure and not d

227、irectly attributable to the Groups core operating results;and 4)non-controlling interest,which is not directly attributable to owners of the Company.During the first half of 2024,the Adjusted EBITDA of the Group amounted to approximately HK$467 million,representing an increase of approximately 2.4%a

228、s compared to the Corresponding Period in 2023.The following table reconciles the Groups profit before income tax to Adjusted EBITDA for the periods presented:For the six months ended30 June截至6月30日止六個月20242023HK$millionHK$million港幣百萬元港幣百萬元(Unaudited)(Unaudited)（未經審核）（未經審核）Profit before income tax除所得

229、稅前溢利2933561.Amortisation of other non-current assets1.其他非流動資產攤銷662.Depreciation of property,plant and equipment2.物業、廠房及設備折舊433.Depreciation of right-of-use assets3.使用權資產折舊97864.Finance costs4.財務成本58555.Non controlling interests5.非控股權益9(50)Adjusted EBITDA經調整EBITDA467456經調整EBITDA經調整EBITDA通過剝離1）取決於不同國家

230、不同稅率的所得稅費用；2）非現金交易包括折舊和攤銷；3）取決於本集團資本結構的財務成本的而非直接影響本集團之核心業務業績的費用；以及4）不直接歸屬於本公司擁有人的非控股權益，以代表核心業務產生的現金利潤。2024年上半年，本集團經調整EBITDA約為港幣4.67億元，對比2023年同期，上升約為2.4%。下表載列於呈列期間本集團的除所得稅前溢利與經調整EBITDA的對賬：47首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析REVIEW OF OPERATIONSThe Group focused on the investm

231、ent,operation and management of core infrastructure assets in China that have long-term value.Driven by its two core competencies of asset operation and FIME,the Group is gradually entering a new stage of“Asset Circulation+Strong Operations”.On the one hand,the Group relies on its efficient resource

232、 integration capabilities to continuously expand the scale of premium core infrastructure assets with long-term value in China.On the other hand,the Group has gradually built up a full life cycle management and service capabilities in infrastructure assets by leveraging its years of accumulated asse

233、t operation experience and improving operational efficiency through technological empowerment.At the same time,the Group has developed professional FIME capabilities by building a horizontal asset financing value-added chain and a vertical asset incubation value-added chain,realizing a closed busine

234、ss loop of“fundraising+investment+management+exit”.Steady growth in asset management scale and steady enhancement in operating efficiencyThe Groups asset management business of car parks in transport hubs has been transformed from a point into a line,and from a line into a surface,and has achieved a

235、n all-round network of“East,South,West,North and Central”business layout across China.In the first quarter of 2024,the Group efficiently completed the Guangzhou Baiyun Airport Parking Operation Rights Project*（廣州白雲機場停車場經營權項目）and Beijing Fengtai Station Parking Lot Project*（北京豐臺站停車場項目）.In July 2024,t

236、he Company announced that it successfully obtained the parking lot operation rights of Tibet Lhasa Gonggar Airport parking lot project*(“Tibet Lhasa Airport Parking Lot Project”,西藏拉薩機場停車場項目）,which is the worlds largest higher plateau airport for 8 years.*For identification purpose only業務回顧本集團專注投資、運營

237、及管理中國具有長期價值的核心基礎設施資產。本集團以資產運營和資產融通兩大核心能力驅動，正逐步邁入 資產循環+強運營 的新階段。本集團一方面依託高效的資源整合能力，不斷擴大在中國具有長期價值的優資核心基礎設施資產的規模。另一方面，本集團借助多年沉澱的資產營運經驗以及通過科技賦能提升營運效率，逐步構建基礎設施資產全生命週期管理服務能力。同時，本集團通過構建橫向的資產融資增值鏈條和縱向的資產孵化增值鏈條，形成了專業的資產融通能力，實現了 募資+投資+管理+退出 的商業循環。資產管理規模穩步增長及營運效率穩步提升本集團交通樞紐類停車場資產管理業務以點化線，以線成面，已實現全國範圍 東南西北中 全方位網

238、絡貫穿式業務佈局。2024年一季度本集團高效完成了廣州市白雲機場停車場經營權項目和北京豐臺站停車場項目的營運交接；2024年7月份本公司發布公告關於順利獲得了西藏拉薩市貢嘎機場停車場項目（西藏拉薩機場停車場項目），全球規模最大的高高原機場，為期8年的停車場經營權。*僅供識別Shoucheng Holdings LimitedInterim Report2024 48MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析The acquisition of projects such as the Guangzhou Baiyun Airport Parking O

239、peration Rights Project（廣州白雲機場停車場經營權項目）,Beijing Fengtai Station Parking Lot Project（北京豐臺站停車場項目）and Tibet Lhasa Airport Parking Lot Project（西藏拉薩機場停車場項目）not only consolidated the Groups leading position in the transportation hub parking lot asset management business,but also further expanded the scale

240、 of the Groups parking asset management.The Group will continue to leverage its rich experience in the asset management business of transportation hub car parks,innovate and provide the market with better ancillary travel services as well as a comfortable parking experience to the public,with a view

241、 of maintaining and expanding its leading position in the asset management business of transportation hub car parks.The Group attaches great importance to the changes in operating models and enhancements in operating efficiency by technological investment.In the first half of 2024,the Group successf

242、ully completed the iterative upgrade of the parking management system.The new version of the parking management system enriches product functions,greatly improves the user experience,and has significantly improved stability and scalability.The overall functions further meet the differentiated operat

243、ional needs of the Groups different product lines of parking assets.The Group will continue to promote digital intelligence construction,build a full-life cycle parking management system,and provide comprehensive parking lot operations service with profession,digitation,standardization and intellige

244、nce.Guangzhou Baiyun Airport Parking Operation Rights Project*廣州白雲機場停車場經營權項目Tibet Lhasa Airport Parking Lot Project*西藏拉薩機場停車場項目廣州白雲機場停車場經營權項目、北京豐臺站停車場項目以及西藏拉薩機場停車場項目等項目的獲取，不但夯實了本集團在交通樞紐類停車場資產管理業務的領先地位，也進一步擴大本集團停車資產管理規模。本集團將繼續依託豐富的交通樞紐類停車場資產管理業務經驗，推陳出新以更好的出行配套服務回饋市場，持續為廣大出行者提供舒適的停車體驗，以期維持並持續擴大交通樞紐類停車

245、場資產管理業務的領先優勢。本集團高度重視科技投入帶來的營運模式的變革和營運效率的提升。2024年上半年，本集團順利完成了停車管理系統的迭代升級。新版停車管理系統豐富了產品功能，大幅提升客戶端用戶體驗，在穩定性和擴展性方面均有顯著提升，其整體功能更加滿足了本集團停車資產不同產品線的差異化營運需求。本集團將持續推進數智化建設，構建全生命週期停車管理體系，為停車場營運提供全面的專業化、數字化、標準化及智慧化服務。49首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析In terms of park asset management,

246、in the first quarter of 2024,the Group led the entire planning and design of the first customized service project in the Beijing Shunyi District.The second phase of the Li Auto Headquarters project*（理想汽車總部二期項目）has been fully operational.In the second quarter of 2024,the Group has made further progre

247、ss to extend the service chain of the assets which were managed and held by the Group.The Group has established a joint venture with China World Property&Hotel Management Co.,Ltd*（國貿物業酒店管理有限公司）which focused on constructing a closed-loop asset management system to consolidate and strengthen the Group

248、s asset operation capability,enhance the Groups ability to provide one-stop solutions to asset holders throughout the entire lifecycle,and contribute to the enhancement of operating income from the projects under management.At the same time,the Groups recruitment work in the industrial parks managed

249、 by the Group has been progressing steadily,and the overall occupancy rate of Changan Mills project*in Beijing(“Changan Mills project”,六工匯項目）has exceeded 95%.In the first quarter of 2024,the Group was first engaged in the Beijing Shougang Winter Olympics Plaza project*（北京市首鋼冬奧廣場項目）,which has attract

250、ed a number of well-known enterprises and platforms to settle in.The development progress of the projects under management in Beijing,which include Rongshi Square*（融石廣場）and Shoucheng Times Center*（首程時代中心）are progressing steadily,and investment reserves are being laid out in advance.Changan Mills pro

251、ject*六工匯項目Beijing Shougang Winter Olympics Plaza project*北京市首鋼冬奧廣場項目*For identification purpose only產業園區管理方面，2024年一季度本集團全程主導規劃設計位處北京市順義區的首個定制化服務項目，理想汽車總部二期項目已全面投入使用；2024年二季度為進一步延展本集團管理和持有之資產的服務鏈條，本集團與國貿物業酒店管理有限公司合資設立專注於物業管理業務的非全資附屬公司，構建資產管理循環，夯實和補強本集團的資產營運能力，強化本集團為資產持有者提供全週期的一站式解決方案的能力，助力在管項目經營收益的提升

252、。同時，本集團在管園區招商工作穩步推進，北京市六工匯項目（六工匯項目）整體出租率已超過95%；2024年一季度新簽的北京市首鋼冬奧廣場項目，已吸引了多家知名企業和平臺簽約入駐；在管北京市項目包括融石廣場、首程時代中心等開發進度平穩推進、招商儲備提前佈局。*僅供識別Shoucheng Holdings LimitedInterim Report2024 50MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析Asset value enhancement,building up“Asset acquisition Operational efficiency en

253、hancement Asset securitisation Reinvestment of cash backflow”FIME eco-systemIn the first half of 2024,the Group successfully issued the first tranche of 3-year medium-term notes with an issuance scale of RMB500 million(equivalent to approximately HK$535 million)at a coupon rate of 2.5%.This issuance

254、 set a record low interest rate of the same maturity period for overseas registered enterprises in Beijing.The issuance effectively reduced the Groups consolidated financing costs and demonstrated the markets confidence in and recognition of the Group.The Groups parking asset quasi-Real Estate Inves

255、tment Trusts(“REITs”)product,“Guojun-Shoucheng Holdings Smart Parking Asset-backed Special Plan Phase II*（國君-首程控股智慧停車資產第二期支持專項計畫）”,which used eight of the Groups self-owned parking lot projects as underlying assets,has recently received a no objection letter from the Shenzhen Stock Exchange for list

256、ing conditions.This is the Groups second practice after the issuance of the markets first parking asset REITs product in 2023,and it also signifies that the Groups asset operation capability has been fully recognized in the capital market.The Beijing Robot Fund（北京機器人基金）,in which the Group is the exe

257、cutive partner,has a target scale of RMB10 billion.In the first half of 2024,it took the lead in completing multiple investments,covering various robotics subfields such as embodied intelligence,brain-computer interfaces,bionic robots,and medical robots.In the future,the Group will leverage its indu

258、stry resource advantages to identify high-quality enterprises,grow with them in the real economy,and empower them in the long term.This will help to create a new engine of productivity for Beijing.The Group firmly believes that the more it contributes to society,the greater the long-term return will

259、 be.*For identification purpose only助力資產價值提升，打造 資產收購運營提效資產證券化現金回流再投資 資產融通生態循環 2024年上半年，本集團以票面利率2.5%的價格成功發行首期規模人民幣5億元（約為港幣5.35億元)的3年期中期票據。此次發行創北京市屬境外註冊企業同期限利率歷史新低。此次發行既有效降低本集團綜合融資成本，同時體現了市場對本集團的信心及認可。本集團以八個自持的產權停車場項目作為底層資產打包計劃發行的停車資產類REITs產品國君-首程控股智慧停車資產第二期支持專項計畫 已於近日取得深圳證券交易所掛牌條件的無異議函，這將是本集團繼2023年發行

260、市場首單停車資產類REITs產品後的再一次實踐，也標誌著本集團資產運營能力在資本市場得到了充分認可。本集團作為執行事務合夥人的北京機器人基金目標規模人民幣100億元，2024年上半年率先發力完成多項投資，涵蓋了具身智慧、腦機介面、仿生機器人、醫療機器人等多個機器人細分領域。未來本集團將發揮行業資源優勢，發掘優質企業，與實體產業共同成長並對其長期賦能，助力打造北京新質生產力新引擎。本集團堅信社會生產力發展越好，本集團長期的收益也將越大。*僅供識別51首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析Infrastructure

261、REITs as the baseIn the first half of 2024,favorable long-term policies were frequently introduced in the REITs market.Following the release of the“Application of Regulatory Rules Accounting No.4”*（監管規則適用指引會計類第4號）by the China Securities Regulatory Commission in February 2024,the equity attributes of

262、 REITs have been further clarified.In April 2024,the State Council issued the“Several Opinions on Strengthening Supervision,Preventing Risks and Promoting High-quality Development of the Capital Market”*（關於加強監管防範風險推動資本市場高質量發展的若干意見）,which proposed to include eligible REITs from China and Hong Kong in

263、 the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs.Recently,the National Development and Reform Commission issued the“Notice on Comprehensively Promoting the Regular Issuance of Real Estate Investment Trusts(REITs)in the Infrastructure Sector”*（關於全面推動基礎設施領域不動產投資信託基金(

264、REITs)項目常態化發行的通知）.The important role of infrastructure REITs in enhancing innovation in investment and financing mechanisms,deepening capital market reforms,and serving the development of the real economy has been increasingly evident.The Group has assisted several companies in completing the integr

265、ation of assets and issuance of REITs through professional REITs consulting services.In the first half of 2024,the Groups REITs consulting project for the AVIC Yishang Warehousing and Logistics REIT*（中航易商倉儲物流REIT)has received approval from the China Securities Regulatory Commission for its listing a

266、pplication.Additionally,the Groups REITs consulting project for the Beijing Energy Photovoltaic REIT*（京能光伏REIT擴募）has been successfully submitted and accepted by the Shanghai Stock Exchange.The Group also participated in the strategic placement investment of the Huaxia TBEA New Energy REIT*（華夏特變電工新能源

267、REIT)in the first half of 2024.*For identification purpose only以REITs為基石2024年上半年，REITs市場利好政策頻發，繼2024年2月中國證監會發佈 監管規則適用指引會計類第4號 進一步明確了REITs的權益屬性；2024年4月國務院發佈 關於加強監管防範風險推動資本市場高質量發展的若干意見 提出將內地和香港合資格的REITs納入滬港通及深港通標的。近期，國家發展改革委發佈 關於全面推動基礎設施領域不動產投資信託基金(REITs)項目常態化發行的通知?；A設施REITs對促進投融資機制創新、深化資本市場改革、服務實體經濟發

268、展的重要作用日益顯現。本集團通過專業的REITs諮詢協助多家企業完成旗下資產整合和REITs發行。2024年上半年，本集團REITs諮詢中航易商倉儲物流REIT項目的上市申請已經獲得中國證券監督管理委員會批復；此外，本集團REITs諮詢京能光伏REIT擴募項目也已成功申報至上海證券交易所受理。同時，2024年上半年，本集團參與了華夏特變電工新能源REIT的戰略配售投資。*僅供識別Shoucheng Holdings LimitedInterim Report2024 52MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析PRINCIPAL RISKS AND

269、UNCERTAINTIESThe Groups activities expose it to a variety of financial risks:market risk(including currency risk,interest rate risk and price risk),credit risk and liquidity risk.The Groups overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise p

270、otential adverse effects on the Groups financial performance.The Company manages its financial risks in accordance with guidelines laid down by its Board.The Operating Finance Department identifies and evaluates financial risks in close co-operation within the Group to cope with overall risk managem

271、ent,as well as specific areas,such as market risk(including currency risk,interest rate risk and price risk),credit risk and liquidity risk.Currency riskThe Group conducts its businesses mainly in Hong Kong and China,it is subject to the foreign exchange fluctuation risks of HK dollars,US dollars an

272、d Renminbi.To minimise currency exposure,foreign currency assets are usually financed in the same currency as the asset or cash flow from it through borrowings.Interest rate riskThe Group holds interest bearing assets and liabilities including cash at banks,borrowings and bond payables.The Group is

273、mainly exposed to cash flow interest rate risk in relation to variable-rate cash at banks and borrowings.CAPITAL STRUCTUREThe capital structure of the Group consists of borrowings,bond payables and equity attributable to owners of the Company,comprising issued share capital and reserves.The Group ma

274、nages its capital to ensure that entities in the Group will be able to continue as a going concern while maximising the return to shareholders through the optimisation of the debt and equity balance.The Groups overall strategy remains unchanged from prior year.The directors review the capital struct

275、ure on a semi-annual basis.Based on recommendations of the directors,the Group will balance its overall capital structure through the payment of dividends,new share issues and share buybacks as well as the issuance of new debt or the redemption of existing debts.主要風險及不確定性本集團活動面臨多項財務風險：市場風險（包括貨幣風險，利率

276、風險及價格風險）、信貸風險及流動資金風險。本集團整體風險管理計劃著重於金融市場的不可預測性，並尋求方法減低對本集團財務表現的潛在不利影響。本公司根據其董事會制定的指引管理其財務風險。經營財務部與本集團內部密切合作確認並評估金融風險以進行整體風險管理以及具體領域，比如市場風險（包括貨幣風險，利率風險及價格風險）、信貸風險及流動資金風險。貨幣風險本集團業務主要集中在中國內地和香港兩地。因此，本集團需承擔港元、美元及人民幣匯率波動風險。為了減低匯兌風險，外幣資產通常是以其資產或現金流的外幣作為借貸基礎。利率風險本集團持有計息資產及負債，包括銀行結餘、借款及應付債券。本集團主要面對浮動息率之銀行結餘及

277、借款相關之現金流利率風險。資本結構本集團資本結構包括借款、應付債券以及本公司擁有人應佔權益（包括已發行股本及儲備）。本集團資本管理乃確保本集團內各實體將可以持續方式經營，同時透過適當平衡債務與資本結構為股東帶來最大回報。本集團與過往年度之整體策略保持不變。董事每半年檢討一次資本架構。本集團會根據董事推薦建議，透過派付股息、發行新股、回購股份以及發行新債或贖回現有債務，以平衡其整體資本結構。53首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析LIQUIDITY AND FINANCIAL RESOURCESThe Group

278、aims to diversify its funding sources through utilisation of both banking and capital markets.To the extent possible,financing is arranged to match business characteristics and cash flows.The assets with high liquidity,Asset Liability ratio and Debt Equity ratio of the Group as at 30 June 2024 as co

279、mpared to 31 December 2023 are summarised below:1.Assets with high liquidityAs at 30 June 2024As at 31 December2023於2024年6月30日於2023年12月31日HK$millionHK$million港幣百萬元港幣百萬元(Unaudited)(Audited)（未經審核）（經審核）Bank balances and cash銀行結餘及現金2,7072,263Wealth management products and fixed income financial assets理財

280、產品及固收類 金融資產1,5061,982流動資金及財務資源本集團致力透過銀行及資本市場分散其集資途徑。融資安排將盡可能配合業務特點及現金流量情況。本集團於2024年6月30日，對比2023年12月31日的高流動性資產、資產負債比率及債務資本比率摘錄如下：1.高流動性資產Shoucheng Holdings LimitedInterim Report2024 54MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析2.Asset Liability ratioAs at 30 June 2024,the Asset Liability ratio of the

281、Group is approximately 29.2%,representing an increase of absolute value of approximately 3.5%as compared to 31 December 2023.The following table shows the Groups total liabilities and total assets for the periods presented:As at 30 June 2024As at 31 December2023於2024年6月30日於2023年12月31日HK$millionHK$mi

282、llion港幣百萬元港幣百萬元(Unaudited)(Audited)（未經審核）（經審核）Total liabilities負債總值4,1973,482Total assets資產總值14,35213,523Asset Liability ratio資產負債比率29.2%25.7%2.資產負債比率於2024年6月30日，本集團資產負債比率約為29.2%，絕對值較2023年12月31日上升約為3.5%。下表載列於呈列期間本集團的負債總值及資產總值：55首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析3.Debt Equity

283、 ratioAs at 30 June 2024,the Debt Equity ratio of the Group is approximately 11.0%,representing an increase of absolute value of approximately 3.0%as compared to 31 December 2023.The following table shows the Groups total debt and capital and reserves attributable to owners of the Company for the pe

284、riods presented:As at 30 June 2024As at 31 December2023於2024年6月30日於2023年12月31日HK$millionHK$million港幣百萬元港幣百萬元(Unaudited)(Audited)（未經審核）（經審核）Total debts債務總值1,106793Including:Borrowings non-current and current(Note(a)其中：借款非流動及流動（附註(a)392609Bond payables non-current(Note(b)&(c)應付債券非流動（附註(b)及(c)714184Cap

285、ital and reserves attributable to owners of the Company本公司擁有人應佔股本 及儲備10,0559,923Debt Equity Ratio債務資本比率11.0%8.0%Note(a)BorrowingsAs at 30 June 2024,the balance of the Groups term loan financing from banks was approximately HK$392 million,which was mainly for the investment in the operation rights of

286、 the Beijing Daxing International Airport Parking Building*（北京大興國際機場停車樓）.Note(b)3-year medium-term notesIn May 2024,the company issued 3-year medium-term notes with an issuance scale of RMB500 million(equivalent to approximately HK$535 million)at a coupon rate of 2.5%.Note(c)Parking asset quasi-REIT

287、s structured asset securitization product(“Quasi-REITs Structured Asset Securitisation Product”)As at 30 June 2024,the balance of the Quasi-REITs Structured Asset Securitisation Product issued by the Companys wholly-owned subsidiary E Park Investment Management Co.,Ltd.*（驛停車（北京）投資管理有限公司）was approxim

288、ately HK$179 million.*For identification purpose only3.債務資本比率於2024年6月30日，本集團債務資本比率約為11.0%，絕對值較2023年12月31日上升約為3.0%。下表載列於呈列期間本集團的債務總值及本公司擁有人應佔股本及儲備：附註(a)借款截至2024年6月30日，本集團銀行定期貸款融資餘額約為港幣3.92億元，主要來自投資北京大興國際機場停車樓運營權而進行的銀行貸款。附註(b)3年期中期票據於2024年5月，本公司以票面利率2.5%的價格發行規模人民幣5億元（相當約港幣5.35億元）的3年期中期票據。附註(c)停車資產類 RE

289、ITs結構資產證券化產品（類REITs結構化資產證券產品）截至2024年6月30日，本公司全資子公司驛停車（北京）投資管理有限公司發行的類REITs結構化資產證券產品餘額約為港幣1.79億元。*僅供識別Shoucheng Holdings LimitedInterim Report2024 56MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析SIGNIFICANT INVESTMENT HELDSave as disclosed below,there were no other significant investment held by the Grou

290、p during the period.Name of strategic investments戰略投資名稱Investment cost投資成本Proportion and unit of issued shares subscription fund units held by the Group本集團持有已發行股份數量及比例認購基金份額及比例Fair value公允價值Proportion offair value tothe total assetsto the Group公允價值佔本集團總資產比例Unrealisedfair valuegains/(losses)未變現公允價值變動

291、溢利（虧損）Dividendsreceived股息收取As at 30 June 2024For the six months ended 30 June 2024於2024年6月30日截至2024年6月30日止六個月Shougang Fushan Resources Group Limited (“Shougang Resources”)(Note(a)首鋼福山資源集團有限公司（首鋼資源）（附註(a)）HKD港幣1,834,347,000774,743,00015.72%HKD港幣2,479,179,00017.27%HKD港幣247,918,000HKD港幣139,454,000CICC

292、GLP Warehousing and Logistics Closed Infrastructure Securities Investment Fund*(the“CICC GLP REIT fund”)(Note(b)中金普洛斯物流封閉式基礎設施證券投資基金（中金普洛斯REIT基金）（附註(b)）RMB人民幣626,500,000160,170,0008.26%RMB人民幣572,769,0004.26%RMB人民幣26,588,000RMB人民幣8,108,000As at31 December 2023For the year ended31 December 2023於2023年1

293、2月31日截至2023年12月31日止年度Shougang Resources(Note(a)首鋼資源（附註(a)）HKD港幣HKD港幣HKD港幣HKD港幣1,834,347,000774,743,00015.72%2,231,261,00016.50%302,150,000319,384,000CICC GLP REIT fund(Note(b)中金普洛斯REIT基金（附註(b)）RMB人民幣RMB人民幣RMB人民幣RMB人民幣626,500,000160,170,0008.26%546,181,0004.43%(306,369,000)32,211,000In the long term,

294、based on the stable performance of Shougang Resources and the stable and diversified underlying assets portfolio of the CICC GLP REIT fund and the rental income generated by its leases,the earnings of the CICC GLP REIT fund are expected to remain at a relatively consistent pace over time.Therefore,l

295、ooking forward,the Board believes that the strategic investments will strive to generate stable returns to the Group.Note(a)Shougang ResourcesShougang Resources is a company incorporated in Hong Kong with limited liability and the issued shares of which are listed on the main board of the Stock Exch

296、ange of Hong Kong Limited with stock code 639 and is a major hard coking coal producer in China.Note(b)CICC GLP REIT fundThe CICC GLP REIT fund is an infrastructure fund established in the PRC which mainly invests in projects of which warehousing and logistics infrastructure projects are the final i

297、nvestment targets.Its fund manager is CICC Fund Management Co.,Ltd.*（中金基金管理有限公司）and its fund units are listed on the Shanghai Stock Exchange.*For identification purpose only持有重大投資除以下披露外，在本期間，本集團並無持有其他重大投資。長期來看，基於首鋼資源的穩定業績表現以及中金普洛斯REIT基金穩定且多元化的底層資產組合，其租約所產生的租金收入將使中金普洛斯REIT基金的收益相對穩定且可預測。展望未來，董事會相信戰略投資

298、將致力為本集團帶來穩定回報。附註(a)首鋼資源首鋼資源為香港註冊成立之有限公司，其股份於香港聯合交易所有限公司主板上市，股份代號639，是中國大型硬焦煤生產商。附註(b)中金普洛斯REIT基金中金普洛斯REIT基金為於中國成立的基礎設施基金，主要投資於以倉儲和物流基礎設施項目為最終投資目標的項目。其基金管理人為中金基金管理有限公司，基金份額在上海證券交易所上市。*僅供識別57首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析MATERIAL ACQUISITIONS&DISPOSALSThere were no materia

299、l acquisitions or disposals by the Group during the first half of 2024.EVENTS OCCURRING AFTER THE REPORTING PERIODThere were no material events occurring after the reporting period required to be disclosed.重大收購及出售在2024年上半年，本集團並無重大收購及出售。報告期後事項 本集團沒有重大需要披露的報告期後事項。Shoucheng Holdings LimitedInterim Repo

300、rt2024 58MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析USE OF PROCEEDS1.On 10 August 2020,the Company completed the subscription agreement(“Poly Platinum Subscription”)with Poly Platinum Enterprises Limited(“Poly Platinum”),pursuant to which the Company has conditionally agreed to issue,and Poly Platinu

301、m conditionally agreed to subscribe for the 1%convertible bonds,in the aggregate principal amount of HK$300 million,with net proceeds of approximately HK$295 million.As at 31 December 2023,the Company has utilised approximately HK$146 million of the net proceeds from the Poly Platinum Subscription.O

302、n 28 March 2024,the Company decided to reallocate the amount of unutilised net proceeds as at 31 December 2023 of approximately HK$149 million,such that approximately HK$89 million and approximately HK$60 million will be used for the purpose of investing in the Groups infrastructure asset management

303、 business and general working capital,respectively(the“Reallocation”).The Reallocation will give the Group a greater flexibility in cash flow management,enrich its financial resources,and at the same time reserve the right to use the unutilised net proceeds for its original business development plan

304、 when suitable opportunities arise.This also enables the Group to satisfy its operational needs while seizing market opportunities and optimizing the Groups business model.As at 30 June 2024,the Group applied the proceeds of the Poly Platinum Subscription in the following manner:Intended use of net

305、proceeds所得款項淨額的特定用途Amount of the net proceedsraisedAmount of unutilised net proceeds as at1 January 2024 Amount of unutilised net proceeds as at 28 March 2024 after the ReallocationAmount ofutilised net proceedsfor the six monthsended 30 June 2024Amount of unutilised net proceedsas at 30 June2024Exp

306、ected timeline for the use of unutilised net proceeds#募集所得款項淨額於2024年1月1日未動用所得款項淨額於2024年3月28日更改未動用所得款項後的未動用所得款項淨額截至2024年6月30日止六個月的已動用所得款項淨額於2024年6月30日的未動用所得款項淨額動用未動用所得款項淨額的預期時間表#HK$millionHK$millionHK$millionHK$millionHK$million港幣百萬元港幣百萬元港幣百萬元港幣百萬元港幣百萬元Financing the expansion of the Groups business i

307、n management and operation of car parking assets in Guangdong-Hong Kong-Macau Greater Bay Area and technology innovation of the Group本集團於粵港澳大灣區 停車出行業務擴張及 本集團技術創新295149Not applicable不適用Not applicable不適用Not applicable不適用Not applicable不適用Invest in the Groups infrastructure asset management business投資本集

308、團之基礎 設施資產管理業務8989Not applicable不適用General working capital一般營運資金6060Not applicable不適用Total總計295149149149#The full amount of the net proceeds of the Poly Platinum Subscription have been applied in accordance with the indicative timetable set forth above.所得資金使用情況1.於2020年8月10日，本公司完成與Poly Platinum Enterp

309、rises Limited（Poly Platinum ）訂立認購協議（Poly Platinum認購事項），據此，本公司已有條件地同意發行而Poly Platinum已有條件地同意認購年利率1%的可轉換債券，其本金總額為港幣3億元，所得款項淨額約為港幣2.95億元。截至2023年12月31日，本公司已動用Poly Platinum認購事項之所得款項約為港幣1.46億元。於2024年3月28日，本公司決定更改截至2023年12月31日的未動用所得款項淨額約為港幣1.49億元用途分配，其中約為港幣0.89億元及約為港幣0.6億元分別用於投資本集團之基礎設施資產管理業務及用於一般營運資金（更改未動

310、用所得款項）。更改所得款項淨額用途分配的理由與裨益為本公司認為募集所得款項淨額之重新分配至投資本集團之基礎設施資產管理業務將給予本集團更高的現金流量管理靈活性，豐富其掌握的財務資源，同時保留權利於合適機會出現時將未動用所得款項淨額用於其原定業務發展計劃。此亦使本集團在把握市場機遇、優化本集團商業模式的同時能夠滿足其營運需求。於2024年6月30日，本 集 團 將Poly Platinum認購事項所得款項按以下方式動用：#本公司已經將以上所有Poly Platinum認購事項所得款項淨額按上述指明的時間表應用。59首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AN

311、D ANALYSIS管理層論述與分析EMPLOYEES RELATIONSHIPThe Group had a total of 427 employees as at 30 June 2024.All subsidiaries of the Company promote equal employment opportunities.The Group strictly complies with regulations of state and local governments and adopts a fair,just,and open recruitment process in

312、order to provide employees with an equal,diverse and discrimination-free working environment.In the process of recruitment,training and promotion,the Group provides equal treatment to all candidates to safeguard employees rights and interests.The Groups remuneration policy is to ensure that employee

313、s receive a fair and competitive overall remuneration package.Based on the principle of“competitive externally,fair internally”,the Group has established a remuneration incentive mechanism with“fixed salary as basis and performance linked remuneration as main component”that is based on position valu

314、e,ability,and contribution to performance,in order to motivate and retain existing employees.By making full use of a variety of long and short term incentives,the Group seeks to attract and retain talented employees to achieve the Groups strategic goals together.The Company adopted a share incentive

315、 plan in 2021.The scope of the participants include executive directors,core management,technical and business backbone personnel of the Group.The purposes of the share incentive plan are to align the interests of employees,Company and the shareholders for the Groups long-term development,to attract

316、,motivate and retain talent,to establish and improve the long-term incentive mechanism of the Group,with a view to achieving the objectives of further enhancing shareholders value.For further details,please refer to(i)the announcements of the Company dated 29 July 2021,12 October 2021,and 5 November

317、 2021;and(ii)the circular of the Company dated 15 October 2021.僱員關係本集團於2024年6月30日合共有僱員427名。本集團所有附屬公司均提倡平等僱傭機會。為了給予僱員一個平等、多元化及不歧視的工作環境，本集團嚴格遵守國家及地方政府各項法規，採取公平、公正、公開的招聘流程。在招聘、培訓及晉升的過程中，本集團對所有候選人均一視同仁，以保障僱員的權利及利益。本集團的酬金政策是要確保僱員的整體酬金公平及具競爭力，以 對外具有競爭性、對內具有公平性 為導向，建立了基於崗位價值、能力、業績貢獻等因素的 以固定薪資為基礎，績效導向浮動薪酬為主

318、體 的薪酬激勵體系，從而推動及挽留現有僱員。本集團充分應用多種長短期激勵手段，吸引和保留有才幹的員工共同實現本集團的戰略目標。本公司於2021年採納股權激勵計劃，激勵範圍涵蓋本公司執行董事、核心經營管理層、本集團的技術和業務骨幹，目的是為了本公司的長遠發展，使僱員、本公司和股東的利益保持一致，吸引、激勵和留住人才，建立和完善本公司的長期激勵機制，以實現進一步提升股東價值的目標。進一步詳情，請參閱(i)本公司日期為2021年7月29日、2021年10月12日及2021年11月5日之公告；及(ii)本公司日期為2021年10月15日之通函。Shoucheng Holdings LimitedInt

319、erim Report2024 60MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析Remuneration package is designed based on the practices of the locations of the Groups various businesses.Remuneration package for Hong Kong employees includes salary,discretionary bonus,project bonus,medical allowance,hospitalization plans

320、 and share incentive plan to subscribe for the Shares.All Hong Kong subsidiaries of the Company provide retirement fund scheme for Hong Kong employees as part of employee welfare.Remuneration package for Mainland China employees includes salary,discretionary bonus,project bonus,medical allowance and

321、 share incentive plan to subscribe for the Shares as part of employee welfare.To fully cover the needs of employees,the Group also provides social insurance welfare(i.e.pension insurance,medical insurance,unemployment insurance,work injury insurance,maternity insurance and housing provident fund)as

322、well as annual medical check for all employees according to state regulations.In addition,to strengthen employees sense of belonging,the Group arranges a variety of recreational activities for all employees,including a sports meeting organized by the Group to strengthen team cohesion,and a town hall

323、 meeting to commend excellent individual and team performances.酬金組合是根據本集團各自業務所在地的慣例設計。香港僱員之酬金組合包括薪金、酌情花紅、項目獎金、醫療津貼、住院計劃及認購本公司普通股之股權激勵計劃，本集團在香港之所有附屬公司均為香港僱員提供退休金計劃，作為員工福利之部份。中國內地僱員之酬金組合包括薪金、酌情花紅、項目獎金、醫療津貼及認購本公司普通股之股權激勵計劃，作為員工福利的一部份。為了全面照顧僱員的需要，本集團亦按照國家規定為所有僱員辦理社會保險福利（或五險一金，即養老保險、醫療保險、失業保險、工傷保險、生育保險及住

324、房公積金）及年度體檢活動。此外，為了提高員工的歸屬感，本集團為全體員工安排多項聯誼、康體與文娛活動，以增強團隊凝聚力和員工大會以表揚卓越的個人和團體表現。61首程控股有限公司2024年中期報告MANAGEMENT DISCUSSION AND ANALYSIS管理層論述與分析展望本集團在具有長期價值的核心基礎設施資產積累了豐富的營運經驗並發展出成熟的產品模式，更在此基礎上搭建了資產退出通道，已邁入 資產循環+強營運 的新階段，開始從資產營運公司 轉型為 資產管理公司。在短中期維度上，本集團將持續深化資產輕量化能力，實現資產營運+資產融通的深度融合。在業務拓展的橫向維度，本集團致力於提升資產營運

325、能力，實現資產設計、建設、營運以及提質增效的全生命週期管理，以確保在多種資產類別中實現持續的增值收益。同時，在資產價值的縱向發展上，本集團將加強資產融通能力，利用自有資金進行全鏈條操作，最終通過資產證券化及其他方式完成退出。在長期維度上，本集團未來將邁向 資產循環+數智化 階段，打造稀缺性可持續增長模式。一方面，本集團將強化資產循環，同時聚焦業務的科技屬性發展。另一方面，本集團通過科技賦能提高資產附加值，拓展資產的增值服務領域，實現資產價值提升。PROSPECTSThe Group has accumulated rich operational experience and develope

326、d a mature product model in core infrastructure assets with long-term value.On this basis,the Company has established an asset exit channel,and is entered into a new phase of“Asset Circulation+Strong Operations”,starting to transform from an“asset operation company”to an“asset management company”.In

327、 the short and medium term,the Group will continue to deepen its asset lightening capabilities,so as to achieve a deep integration of asset operation and FIME.Horizontally,the Group is committed to enhancing its asset operation capabilities,achieving full lifecycle management of asset design,constru

328、ction,operation,and quality enhancement to ensure continuous value-added returns across various asset categories.Simultaneously,in the vertical development of asset value,the Company will strengthen its FIME capabilities,utilizing its own funds for full-chain operations,and ultimately completing the

329、 exit through asset securitization and other ways.In the long term,our group will move towards the stage of“asset recycling+digitalization”and create a scarcity sustainable growth model.On the one hand,our group will strengthen asset recycling while focusing on the technological development of our b

330、usiness.On the other hand,our group enhances asset surcharges through technological empowerment value,expanding the value-added service areas of assets,and achieving asset value enhancement.Shoucheng Holdings LimitedInterim Report2024 62OTHER INFORMATION其他資料中期股息董事會宣派截至2024年6月30日止六個月之中期股息合共港幣2.08億元（按

331、本公司於2024年8月24日已發行之普通股（股份）（即7,287,773,440股），相當於每股2.86港仙）（截至2023年6月30日止6個月：港幣2.43億元）予於2024年9月26日（星期四）營業時間結束時名列於本公司股東名冊內之股東。為符合資格獲派中期股息，所有過戶文件連同相關股票必須於2024年9月26日（星期四）下午4時30分前，交回本公司之股份過戶登記處卓佳登捷時有限公司，地址為香港夏慤道16號遠東金融中心17樓，以辦理股份過戶登記。中期股息預期於2024年11月15日（星期五）派發。購買、出售或贖回本公司之上市證券於截至2024年6月30日止六個月，本公司於聯交所回購合共31,

332、468,000股股份，總代價為46,463,038.99港元。全部回購股份已隨之註銷。在此期間回購股份的詳情如下：INTERIM DIVIDENDThe board of directors(the“Board”)has declared an interim dividend in the total amount of HK$208 million(equivalent to HK2.86 cents per share based on the number of ordinary shares of the Company(the“Shares”)in issue on 24 Augu

333、st 2024(i.e.7,287,773,440 Shares)for the six months ended 30 June 2024(six months ended 30 June 2023:HK$243 million),which is payable to the shareholders whose names appear on the register of members of the Company at the close of business on Thursday,26 September 2024.In order to qualify for the interim dividend,all transfer forms accompanied by the relevant share certificates must be lodged with