2026年半年度报告（英文版）

2026 Semi-annual Report of Shenzhen Properties & Resources Development (Group) Ltd.1Shenzhen Properties & Resources Development (Group) Ltd.2026 Semi-annual Report(Announcement No.: 2026-26)[August 2026]2026 Semi-annual Report of Shenzhen Properties & Resources Development (Group) Ltd.2Section I Important Notes, Table of Contents and InterpretationsThe Board of Directors, the Directors, and the Executives of the Companyguarantee that there are no significant omissions, fictitious or misleadingstatements carried in the Report and we will accept individual and jointresponsibilities for the truthfulness, accuracy and completeness of the Report.Principal TANG Xiaoping, Chief Finance Officer LIU Qiang and ChiefAccountant (accounting officer) CAI Kelin declare that they guarantee theauthenticity, accuracy and completeness of the financial report in the Semi-annual Report.All directors have attended the board meeting at which this semi-annualreport was considered.Part of the Company's semi-annual report involves the description offuture business plans or business work arrangements. The implementation ofrelevant plans or arrangements is affected by many factors and does notconstitute the Company's substantive commitment to investors. Investors andrelevant persons should maintain sufficient risk awareness and understand thedifferences between plans, forecasts and commitments.The Company plans not to distribute cash dividends, issue bonus shares,or increase share capital through capitalization of reserves.2026 Semi-annual Report of Shenzhen Properties & Resources Development (Group) Ltd.3Table of ContentsSection I Important Notes, Table of Contents and Interpretations............................................................. 2Section II Company Profile and Major Financial Indicators.......................................................................6Section III Management's Discussion and Analysis...................................................................................... 9Section IV Corporate Governance, Environment and Society...................................................................26Section V Significant Events .........................................................................................................................28Section VI Share Changes and Shareholder Information.......................................................................... 41Section VII Bonds...........................................................................................................................................47Section VIII Financial Statements................................................................................................................ 492026 Semi-annual Report of Shenzhen Properties & Resources Development (Group) Ltd.4List of Reference DocumentsI. Financial statements signed and sealed by the Company's Principal, ChiefFinance Officer, and Chief Accountant (accounting officer).II. The originals of all the