(IncorporatedintheCaymanIslandswithlimitedliability)（於開曼群島註冊成立之有限公司）(IncorporatedintheCaymanIslandswithlimitedliability)HKExStockCode香港聯交所上市編號：3883（於開曼群島註冊成立之有限公司）HKExStockCode香港聯交所上市編號：3883InterimReport2013中期報告InterimReport2013中期報告GROUPINTRODUCTION集團簡介ChinaAoyuanPropertyGroupLimited(“Aoyuan”orthe中國奧園地產集團股份有限公司（「奧園」或“Company”)anditssubsidiaries(the“Group”)havebeen「本公司」）及其附屬公司（「本集團」）十多年developingresidentialprojectsforovertenyearswithinnovative來以創新的複合理念開發房地產項目，把運conceptofcompositeproperty,incorporatinghealthyliving動及養生的健康生活概念帶入居住小區。其conceptsofsportsandhealthintoresidentialcommunities.後，本集團引入美國投資基金國泰財富成為Thereafter,theGroupintroducedtheCathayCapitalGroup,aUS主要股東之一，並於二零零七年十月九日在investmentfund,asoneofitssubstantialshareholders,andthe香港聯合交易所有限公司（「聯交所」）主板上CompanywaslistedontheMainBoardofTheStockExchange市（股份代號：3883）。ofHongKongLimited(the“StockExchange”)on9October2007(StockCode:3883).TherealestateprojectscurrentlyheldbytheGrouparemainly本集團持有的房地產項目主要分布於廣東及locatedinGuangdong,Shenyang,Chongqing,Hunan,Jiangsu,瀋陽、重慶、湖南、江蘇、廣西及江西等，GuangxiandJiangxi,whichhavecreatedexcellentandcomfortable為業主創造了優越及舒適的居住條件。本集livingenvironmentforpropertyowners.TheGroup’sstrategyisto團的戰略布局，以珠三角、長三角、環渤implementregionalfocusonthefivemajoreconomiccirclesasits海、北部灣和中西部等內地五大經濟圈為核coreregionsinPRC,namelyPearlRiverDelta,YangtzeRiverDelta,心，實施區域聚焦。BohaiRim,BeibuwanaswellasCentralandWesternChina.TheGroupadherestotheadvancedideaofhealthylivingand本集團秉持先進的健康人居理念，專注於住focusesondevelopmentofresidentialandcommercialproperties宅和商業地產的雙線開發，通過精心規劃設inparallel.Withitselaborateplanninganddesign,well-selected計、材料工藝選型、施工建造，為客戶提供materialandrefinedworkmanshipinconstruction,customers舒適、健康、養生、環保的高品質人居環境enjoyhighqualitylivingenvironmentandcommercialand和商、住產品，引領城市健康生活。residentialproductswithcaregiventocomfort,health,regimenandenvironment,alifestyleatthecuttingedgeofhealthyurbanlife.ChinaAoyuanPropertyGroupLimited中國奧園地產集團股份有限公司Contents目錄CorporateInformation公司資料2EventsintheFirstHalfof20132013年上半年大事回顧4ManagementDiscussionandAnalysis管理層討論及分析6LandBank土地儲備19MajorProjects重點項目21ReportonReviewofCondensedConsolidatedFinancial簡明綜合財務報表審閱報告31StatementsCondensedConsolidatedStatementof簡明綜合全面收益表33ComprehensiveIncomeCondensedConsolidatedStatementofFinancialPosition簡明綜合財務狀況表34CondensedConsolidatedStatementofChangesinEquity簡明綜合權益變動表36CondensedConsolidatedStatementofCashFlows簡明綜合現金流量表37NotestotheCondensedConsolidated簡明綜合財務報表附註40FinancialStatementsDirectors’andChiefExecutives’InterestsinSecurities董事及主要行政人員於證券之權益79SubstantialShareholders’Interests主要股東權益85Others其他88InterimReport2013二零一三中期報告1CorporateInformation公司資料DIRECTORS董事ExecutiveDirectors執行董事Mr.GuoZiWen(chairman)郭梓文先生（主席）Mr.GuoZiNing(vicechairmanandchiefexecutiveofficer)郭梓寧先生（副主席兼行政總裁）Mr.YangZhong(chiefoperatingofficer)楊　忠先生（營運總裁）Ms.XinZhu辛　珠女士Non-executiveDirectors非執行董事Mr.PaulStevenWolansky保爾?渥蘭斯基先生Mr.WuJieSi(vicechairman)武捷思先生（副主席）(resignedon20May2013)（於二零一三年五月二十日辭任）IndependentNon-executiveDirectors獨立非執行董事Mr.SongXianZhong宋獻中先生Mr.TsuiKingFai徐景輝先生Mr.CheungKwokKeung張國強先生Mr.MaKwaiYuen馬桂園先生(resignedon8July2013)（於二零一三年七月八日辭任）REGISTEREDOFFICE註冊辦事處CricketSquare,CricketSquare,HutchinsDrive,HutchinsDrive,P.O.Box2681,P.O.Box2681,GrandCayman,GrandCayman,KY1-1111,KY1-1111,CaymanIslandsCaymanIslandsPRINCIPALPLACEOFBUSINESSINTHEPRC中國主要營業地點AoyuanMansion,中國No.108,HuangPuAvenueWest,廣州TianheDistrict,天河區Guangzhou,黃埔大道西108號PRC奧園大廈PLACEOFBUSINESSINHONGKONG香港營業地點Unit1901-2,19thFloor,OnePeking,香港No.1PekingRoad,九龍尖沙咀Tsimshatsui,Kowloon,北京道一號HongKong19樓1901-2室COMPANYWEBSITE公司網址http://www.aoyuan.com.cnhttp://www.aoyuan.com.cnCOMPANYSECRETARY公司秘書Mr.LeungYauWanJohn梁又穩先生AUTHORIZEDREPRESENTATIVES授權代表Mr.GuoZiWen郭梓文先生Mr.GuoZiNing郭梓寧先生2ChinaAoyuanPropertyGroupLimited中國奧園地產集團股份有限公司CorporateInformation公司資料MEMBERSOFTHEAUDITCOMMITTEE審核委員會成員Mr.CheungKwokKeung(chairman)張國強先生（主席）Mr.SongXianZhong宋獻中先生Mr.TsuiKingFai徐景輝先生Mr.MaKwaiYuen(chairman)馬桂園先生（主席）(resignedon8July2013)（於二零一三年七月八日辭任）MEMBERSOFTHEREMUNERATION薪酬委員會成員COMMITTEEMr.TsuiKingFai(chairman)徐景輝先生（主席）Mr.CheungKwokKeung張國強先生Mr.SongXianZhong宋獻中先生(app