E-STARCM：2024ANNUALREPORT.pdf

1、(Incorporated in the Cayman Islands with limited liability)Stock Code:6668E-STAR COMMERCIAL MANAGEMENT COMPANY LIMITED星盛商業管理股份有限公司ANNUAL REPORTCONTENTSGroup Introduction2Corporate Information3Awards4Chairmans Statement5Overview of Business8Management Discussion and Analysis9Directors and Senior Mana

2、gement22Corporate Governance Report27Report of the Directors38Independent Auditors Report58Consolidated Statement of Profit or Loss and Other Comprehensive Income63Consolidated Statement of Financial Position64Consolidated Statement of Changes in Equity66Consolidated Statement of Cash Flows67Notes t

3、o the Consolidated Financial Statements69Five-Year Financial Summary1362E-Star Commercial Management Company Limited 2024 Annual Report GROUP INTRODUCTIONE-Star Commercial Management Company Limited(“E-Star Commercial”or the“Company”)and its subsidiaries(collectively,“we”or the“Group”)is a leading c

4、ommercial property operational service provider in the Greater Bay Area with a national presence.As of 31 December 2024,the Group entered into contracts to provide services for 53 commercial property projects(including 8 consultancy services projects)located in 21 cities in the Peoples Republic of C

5、hina(“China”or“PRC”),with an aggregate contracted gross floor area(“GFA”)of approximately 2.7 million square meters(“sq.m.”)(excluding the area under 8 consultancy services projects),47.1%of which was developed or owned by independent third parties.Among them,27 retail commercial properties have bee

6、n opened with an aggregate opened GFA of approximately 1.6 million sq.m.The Group owns a comprehensive and highly-recognised brand system,primarily including“COCO Park”for city shopping centers(城市型購物中心)targeting consumers in the city,“COCO City”and“iCO”for regional shopping centers(區域型購物中心)targeting