目錄Contents公司資料2CorporateInformation集團架構3GroupStructure主席報告4Chairman’sStatement管理層討論與分析7ManagementDiscussionandAnalysis其他資料14OtherInformation中期財務資料審閱報告28ReportonReviewofInterimFinancialInformation中期綜合收益表29InterimConsolidatedIncomeStatement中期綜合全面收益表30InterimConsolidatedStatementofComprehensiveIncome中期綜合財務狀況表31InterimConsolidatedStatementofFinancialPosition中期綜合股本變動表33InterimConsolidatedStatementofChangesinEquity中期綜合現金流量表35InterimConsolidatedStatementofCashFlows簡明綜合中期財務報表附註36NotestotheCondensedConsolidatedInterimFinancialStatements二零一四年中期報告InterimReport20141公司資料CorporateInformation董事Directors執行董事ExecutiveDirector吳向東（主席）?WuXiangdong(Chairman)唐勇（董事總經理）?TangYong(ManagingDirector)俞建（於二零一四年八月十三日獲委任）?YuJian(Appointedon13August2014)非執行董事Non-ExecutiveDirector閻飈?YanBiao杜文民?DuWenmin丁潔民?DingJiemin魏斌?WeiBin陳鷹?ChenYing王彥（於二零一四年八月十三日獲委任）?WangYan(Appointedon13August2014)獨立非執行董事IndependentNon-ExecutiveDirector王石?WangShi閻焱?AndrewY.Yan何顯毅?HoHinNgai,Bosco尹錦滔?WanKamTo,Peter馬蔚華?MaWeihua公司秘書CompanySecretary羅志力?LoChiLik,Peter核數師Auditor羅兵咸永道會計師事務所?PricewaterhouseCoopers股份過戶登記分處BranchShareRegistrar卓佳標準有限公司?TricorStandardLimited香港皇后大道東?Level22,HopewellCentre,一八三號合和中心二十二樓?183Queen’sRoadEast,?HongKong註冊辦事處RegisteredOfficeUglandHouse?UglandHouseSouthChurchStreet?SouthChurchStreetPostOfficeBox309?PostOfficeBox309GeorgeTown?GeorgeTownGrandCayman?GrandCaymanCaymanIslands?CaymanIslandsBritishWestIndies?BritishWestIndies總辦事處HeadOffice香港灣仔港灣道26號?46thFloor,ChinaResourcesBuilding華潤大廈46樓?26HarbourRoad,Wanchai,HongKong網址WebsiteAddresswww.crland.com.hk?www.crland.com.hk二零一四年中期報告2InterimReport2014集團架構GroupStructure華潤(集團)有限公司CHINARESOURCES(HOLDINGS)COMPANYLIMITED67.95%華潤置地有限公司CHINARESOURCESLANDLIMITED開發物業投資物業增值服務DevelopmentPropertiesInvestmentPropertiesValue-addedServices二零一四年中期報告InterimReport20143主席報告Chairman’sStatement業績回顧ResultsReview二零一四年上半年，本集團共實現營業額港幣276.88億Inthefirsthalfof2014,theGroup’srevenueandprofitattributabletothe元，同比增長達75.5%，股東應佔溢利港幣49.73億元，ownersoftheCompanyreachedHK$27,688millionandHK$4,973million,同比增長13.4%；扣除投資物業評估增值後，核心股東representingayear-on-yeargrowthof75.5%and13.4%respectively.After應佔溢利為港幣36.90億元，同比增長83.8%。上半年本strippingoutrevaluationgainontheGroup’sinvestmentproperties,core集團實現每股盈利港幣85.3仙，同比增長13.3%；每股淨profitattributabletotheownersoftheCompanyreachedHK$3,690million,資產達港幣14.83元，同比上升17.5%。upby83.8%year-on-year.Inthefirsthalfof2014,theGroup’searningspershareincreasedby13.3%year-on-yeartoHK85.3cents,andnetassetspershareincreasedby17.5%year-on-yeartoHK$14.83.本公司董事會建議派發中期股息每股港幣8.5仙，比二TheBoardoftheCompanyrecommendedaninterimdividendofHK8.5cents零一三年中期股息增加16.4%。pershare,representinganincreaseof16.4%overthatof2013.開發物業DevelopmentProperty報告期內，開發物業實現營業額港幣240.54億元，同比Duringthereportingperiod,therevenuefromdevelopmentproperty增長91.2%，開發物業結算毛利率為28.2%，略高於去年amountedtoHK$24,054million,representingayear-on-yeargrowthof同期及二零一三年全年水平。91.2%.Grossprofitmarginofdevelopmentpropertywas28.2%,slightlyhigherthanthatofthesameperiodandfullyearof2013.受市場因素和新推可售資源較少的影響，本集團上半年Duetoweakpropertymarketandlimitednewsaleableresources,theGroup實現簽約額人民幣255.64億元，簽約面積229.96萬平米，achievedcontractedsalesofRMB25,564millionwithacontractedgrossfloor分別較去年同期下降24.3%和20.0%。area(“GFA”)of2.30millionsquaremetersinthefirsthalfof2014,downby24.3%and20.0%year-on-yearrespectively.投資物業InvestmentProperty報告期內，包括酒店在內的投資物業實現營業額港幣Duringthereportingperiod,therentalincomeoftheGroup’sinvestment26.27億元，同比增長21.9%。截至六月三十日，本集團properties(includinghotels)increasedby21.9%year-on-yeartoHK$2,627在營投資物業總建築面積達到250.21萬平米，其中已開million.TotalGFAoftheGroup’soperationalinvestmentproperties,including業萬象城6個，五彩城3個。6MIXcmallsand3Hi5malls,reached2.50millionsquaremetersasof30June.鄭州萬象城、合肥蜀山五彩城、寧波余姚五彩城於上半ZhengzhouMIXc,HefeiShushanHi5,andNingboYuyaoHi5commenced年相繼開業。鄭州萬象城的硬件設計和品牌組合具有市operationinthefirsthalfof2014.Wellequippedwithleadingdesignand場引領性，未來有較大機會成為當地市場標杆。兩個五excellenttenantmix,ZhengzhouMIXcisverylikelytobecomealandmarkin彩城開業表現優異，客流量及商場零售額均超出預期。theregion.ThetwonewHi5mallshaveperformedwell,andrecordedhigher-than-expectedtrafficflowaswellasretail