– 1 –*
GREENTOWN CHINA HOLDINGS LIMITED
20191231
? 2,01829%? 541,236
2,057? 615.932.1%99.53
25.9%
? 24.80147.3%
43.3614.2%? 20191231518.94
20181231482.1963.2%? 5.3%? 0.55205.6%
201912310.302018
0.23
201912
201812312019
20191231
2019201861,592,93960,302,510(45,952,531)(46,550,157)
15,640,40813,752,353
2,667,2451,860,271
(40,372)(509,950)(2,096,820)(1,844,396)(4,297,225)(3,895,426)
(1,570,860)(1,551,663)
(796,887)(1,282,734)
(579,195)(452,100)
(41,866)132,12843,487686,35298,269509,0401,002,893325,582
(75,951)174,515
9,953,1267,903,972
(6,017,704)(5,528,742)
3,935,4222,375,230
256,752178,192
256,752178,192
4,192,1742,553,422
20192018
2,480,2321,003,2851,455,1901,371,945
3,935,4222,375,230
2,736,9841,181,4771,455,1901,371,945
4,192,1742,553,422
0.550.18
0.550.18
20191231
20192018
9,817,9319,399,7531,038,724–
–896,9674,032,8184,066,128
769,241769,24112,084,9078,998,556
3,869,7301,839,7881,511,9851,275,682
–18,3323,238,8932,363,550
–2,718,000
36,364,22932,345,997
30,907,24722,842,799136,615,966117,876,867
12,167,49810,972,736203,711119,503
11,312,8106,253,1992,815,0071,887,085336,467332,268
46,378,83631,847,9323,559,8873,068,2584,440,2233,996,9685,326,7614,871,831
46,567,72943,347,301
300,632,142247,416,747
95,747–
300,727,889247,416,747
20192018
43,453,33329,285,14276,324,98166,266,87528,653,45626,728,48210,473,5197,690,8308,420,5171,984,05427,397–13,950,98413,482,996
7,712,382–11,643,8483,998,2221,633,966–
202,294,383149,436,601
70,409–
202,364,792149,436,601
98,363,09797,980,146
134,727,326130,326,143
45,642,18936,158,356
–3,355,11314,993,41622,868,377
–1,595,19689,038–4,847,2116,230,261
65,571,85470,207,303
69,155,47260,118,840
209,694209,50127,434,90427,364,909
27,644,59827,574,41021,229,00215,408,31520,281,87217,136,115
69,155,47260,118,840
201912311.
20058312004
2006713
2.
20152017
1616
201911
2.
20191120191116C8(b)(ii)
i. 37ii. 12iii.iv.v.
2.
5.4%
20191120181231222,828
(38,385)(16,735)(18,411)
201911149,297
56,71792,580
149,297
201911
16149,297
18,332896,96726,154
1,090,750
923,121167,629
1,090,750
201911
2.
16201911201911
20181231
2019
896,967(896,967)–
–1,090,7501,090,75018,332(18,332)–6,253,199(26,154)6,227,045
–56,71756,717
–92,58092,580
3.
(i)
20191231
38,830,713–––106,5111,366,00340,303,22715,602,151878,2711,828,9682,815,922––21,125,312
54,432,864878,2711,828,9682,815,922106,5111,366,00361,428,539
20181231
45,937,061–––29,127247,04446,213,232
9,337,145776,4521,366,4852,523,700––14,003,782
55,274,206776,4521,366,4852,523,70029,127247,04460,217,014
(ii)
3.
(ii)
20193
10%
3.
(ii)
20191231
54,432,864878,271–1,828,9684,288,43661,428,539–61,428,539––164,400––164,400–164,400
54,432,864878,271164,4001,828,9684,288,43661,592,939–61,592,939
–1,090–240,7071,588,2971,830,094(1,830,094)–
54,432,864879,361164,4002,069,6755,876,73363,423,033(1,830,094)61,592,939
3,697,88040,205100,223381,12412,0574,231,489(1,090)4,230,399
(172,241)
3,052(10,493)(115,295)
3,935,422
20181231
55,274,206776,452–1,366,4852,799,87160,217,014–60,217,014––85,496––85,496–85,496
55,274,206776,45285,4961,366,4852,799,87160,302,510–60,302,510
–2,045–65,8921,361,2541,429,191(1,429,191)–
55,274,206778,49785,4961,432,3774,161,12561,731,701(1,429,191)60,302,510
2,101,88598,181103,613345,47545,0662,694,2208,0412,702,261
(264,670)
40,591
(3,780)(99,172)
2,375,230
3.
(ii)
20192018311,117,245256,113,218
8,922,8809,483,7524,183,0514,189,6503,164,7152,057,9168,225,2516,820,664
335,613,142278,665,200
1,478,9761,097,544
337,092,118279,762,744
20192018257,604,573211,484,567
251,621292,4761,077,581635,4511,355,6631,012,5186,733,5815,387,529
267,023,019218,812,541
913,627831,363
267,936,646219,643,904
?
?
3.
(ii)
20191231
18,517,576172,50892,64019,418142,23318,944,37580,14619,024,52111,285,655––55,554743,69812,084,907–12,084,9073,832,241––37,489–3,869,730–3,869,730
778,049––7,775(7,117)778,70718,180796,887513,55165,644–––579,195–579,195––25,00116,865–41,866–41,866(43,487)––––(43,487)–(43,487)(113,383)–––15,130(98,253)(16)(98,269)185,595293,1075311,54816,606506,9092,877509,78643,32425,1731,5543,69828,028101,7772,551104,32815,297––79349716,587–16,587(1,411,641)(1,791)(11,158)(17,100)(55,074)(1,496,764)(191,207)(1,687,971)1,468,6477,89563,0271,57319,2251,560,36710,4931,570,860(1,009,501)––6,605–(1,002,896)3(1,002,893)60,569––15,382–75,951–75,9515,705,9823,9763,685136,56352,2035,902,409115,2956,017,704
3.
(ii)
20181231
3,332,9571,281,5091,114,433144,361324,3166,197,5764,5096,202,0858,364,698––58,561488,2128,911,47187,0858,998,5561,831,350––8,438–1,839,788–1,839,7881,206,182–––15,7291,221,91160,8231,282,734468,875(16,775)–––452,100–452,100––(132,128)––(132,128)–(132,128)(686,352)––––(686,352)–(686,352)(509,194)––170–(509,024)(16)(509,040)171,842256,1741011,33611,383450,7451,360452,105
(251)6–3,70017,57821,033721,040(1,111,022)(381)(29)(6,383)(6,798)(1,124,613)(405,827)(1,530,440)1,514,1156,32112,84632714,2741,547,8833,7801,551,663(327,271)––1,6842(325,585)3(325,582)(201,944)––27,429–(174,515)–(174,515)5,293,5944,59351,601–79,7825,429,57099,1725,528,742
4.
201920181,687,9711,530,440
69,66215,151
105,17970,807
463,885–
340,548243,873
2,667,2451,860,271
5.
20192018(268,181)(487,841)
(16,587)(21,040)478(1,069)
243,918–
(40,372)(509,950)
6.
201920184,252,8243,803,559
278,068240,5561,386,9001,292,77982,68479,7689,006–
6,009,4825,416,662(4,438,622)(3,864,999)
1,570,8601,551,663
5.3%20185.4%
7.
20192018
17,316–(23,029)13,590802,6001,269,144
796,8871,282,734
8.
–56,454184,805270,351328,746123,648
–18,42265,644(16,775)
579,195452,100
9.
20192018
3,287,5692,373,0345,072,4904,782,105
8,360,0597,155,139
(8,562)(23,492)
(1,286,079)(709,860)(1,047,714)(893,045)
(2,333,793)(1,602,905)
6,017,7045,528,742
9.
25%15%
201820202017201915%
5%10%10%
201920189,953,1267,903,972
25%2,488,2821,975,993
(9,663)(19,552)(250,723)(81,396)18,988(43,629)(106,987)(191,190)
558,983598,693
(8,562)(23,492)145,35339,390116,690289,773(39,634)(21,615)(18,869)(1,588)4,024,7763,889,060(1,006,194)(972,265)105,26490,560
6,017,7045,528,742
9.
1994111995127
30%60%20%
0.5%–3%
1%–6%201912314,024,776,00020183,889,060,000
10.
201972920180.23499,312,000201871820170.20433,536,000
201912310.302018
0.23
11.
201920182,480,2321,003,285(1,286,888)(611,589)
1,193,344391,696
1,193,344391,696
11.
201920182,166,050,4822,167,671,0344,246,1627,100,798
2,170,296,6442,174,771,832
20192018
12.
201920181,141,212979,502
(75,566)(101,266)
1,065,646878,2366,850,3363,789,4853,326,1021,425,47870,726160,000
11,312,8106,253,199
2019201890537,955548,21791–180131,55755,317181–365129,033125,062
365342,667250,906
1,141,212979,502
13.
2019201818024,376,90417,939,977181–3654,524,3621,740,674
3652,280,8191,680,180
31,182,08521,360,83112,174,9417,924,31196,307–
43,453,33329,285,142
2019
2019
TOP10TOP10
615.932018603.03
2.1%99.53201879.04
20.4925.9%24.802018
10.0314.77147.3%
18.88
43.36201837.965.40
14.2%0.5520180.18
205.6%
201912310.302018
0.23
20191231
1,0272,01829%2019
5221,354
76838%201912312915
25,936201825,455
2019505
2019
100309
68%70%71%
6087%
8,43034%18%
2019
22202018(1995-2020)
70166-20%1.26
97.8%
2019
2.0
201989.3
16.31692
2019
332%2019541,236
6915232,0571,0866,923
76%60%
10%42%20208
2019
195%1,970115,845
290.16%965115,373
345.7%1,91798,989
447.7%3,535192,940551%26134,2716100%4,429246,619
724.23%2,340171,917850%2,691209,356951%5513,9731050.4%2,445173,83911TOD51%89182,15312TOD51%1,25299,2761385.04%600117,92914100%1,661244,3381562.5%1,721220,9761635%8547,9511756%1,005194,4631820%76194,8891920%79273,0172031.7%1,929184,0672126.01%1,121524,5112233%401164,25423100%2818,46524100%626101,2522585%548,8582640%320659,1832735%3,600202,6832875%2,444226,508292019-WG-121350.33%/49.81%2,132349,5893095.44%1,866204,33531100%1,405226,13632100%1,090111,2543348.31%3,491324,28134100%441156,6613549%1,641357,8723660%310154,715
3762.5%1,632233,8303851%13823,20539100%59368,80240100%69293,5794149%542354,85642S450%583160,8264350%1,183115,4444480%1,940325,9304520.625%568566,47646100%1,960270,5454730.245%442735,290489-02101112100%/51%2,5311,113,7384917131.25%624331,36450100%1,940141,8925140.585%1,423223,27152100%786127,5275334%305617,0435470%33338,171
69,09212,364,527
20191231142
3,8732,2402,6481,521
6,11973%
2019
TOD
CSR20197220191231
2606,7543,689
TODTOD
10TOD7
20191231
63.2%518.9420195.3%20185.4%0.1
1144.55%6364
2019180.62
4.48%20180.98
153.78%4.34%
53.84%46
5.59%5.6%
CMBS
15.925.14%ABS88.73.85%
4.07%10
3.61%3.98%
2019
8+37+4
AI
10%12%2%7%
1332475%25%
201938
11%
TOD
2020
2025+
+
202020201,696
3,5831,0452,6742019635
2,0397722,124202079%
651909
615.932018603.032.1%
544.3388.4%2018552.74
2,970,49120183,393,106
12.5%18,3252018
16,29012.5%
2019
115,27056.0610.3%48,634114,30334.046.3%29,780180,16431.945.9%17,728221,95928.265.2%12,73298,04725.394.7%25,896130,34724.894.6%19,09580,91523.454.3%28,98187,79023.054.2%26,25652,34322.894.2%43,73112,32222.074.1%179,1111,877,031252.2946.2%13,441
2,970,491544.33100%18,325
266.5049.0%
77.8814.3%
60.3211.1%
457.01
84.0%79.4814.6%
7.841.4%
18.29201813.66
33.9%
28.16201825.24
2.9211.6%
8.7820187.76
13.1%2018
1.6420180.85
92.9%2018
156.402018137.52
13.7%
25.4%201822.8%
24.8%201821.3%
26.67201818.60
8.07
43.4%(i)
3.95
(ii)0.68(iii)
42.97201838.95
4.0210.3%
25.892018
24.171.727.1%2019201822.1%
12.86201812.83
8.71
20187.900.81
10.3%
11.18
201810.0711.0%
2019201850.2971.60201822.1%
5.9020184.71
25.3%2018
20.97201818.44
2.5313.7%
17.82
201815.752.0713.1%2019
2018201817.8%
9.5120188.47
1.0412.3%
4.9720184.852.5%
3.3420182.43
0.9137.4%
3.152018
2.690.4617.1%2018
2019201818.0%
15.71
201815.5260.092018
54.175.92
5.3%2018
5.4%
44.38
73.9%201871.3%
0.76
10.039.2720185.01
4.26
20187.78
3.11
262.012018
241.868.3%
23,626201818,48427.8%
2019
70,24212.364.7%17,59661,9016.992.7%11,29215,3386.982.7%45,508186,33058.4222.3%31,353139,22338.6114.7%27,732136,28936.4813.9%26,767
94,72314.455.5%15,25566,60113.445.1%20,180111,1777.993.0%7,18731,3546.662.5%21,241195,80659.6322.9%30,454
1,108,984262.01100%23,626
40.25201838.89
19.93201816.40
31.8%
25.0%
0.19
0.84
1.74
1.49
1.03
0.52
0.36
5.14
7.97
3.98
0.99
1.32
1.68
7.97
20191231
763.2520181231662.67100.58
15.2%
20191231506.1220181231388.83117.2930.2%
20191231518.9420181231482.19955.77201812
31814.58436.8320181231332.3963.2%201812
3155.3%
349.4136.6%
1.5
2,384201912311,457
201912
35%
4201912
5.5
2.12
20191217
2.68
20191231356.5120181231
339.38
20191231
958.6820181231670.15
20191231
307.6920181231259.09
(i)(ii)
500,000,0002019(iii)2020600,000,0004.55%2019125262931201928201911412
201912317,418201812317,535
A.2.1
20191231
2020612
2020623201912310.30201920180. 2320192020731
(i) 2020692020612
202068
183171712–1716(ii) 20206192020623
201920192020618
183171712–1716
20191231(www.hkexnews.hk)(www.chinagreentown.com)
2020320