CORPORATE GOVERNANCE
Corporate Governance
-0.16  -1.24%
Stock code:600383.SH
  • 30.55

    Turnover (10,000 deals)

  • 3.91

    Amount (100 million yuan)

Up to :2019/03/28 16:08 (HK Time * Quotation is subject to a delay of 15 minutes or more)

Source: Sina Finance

Articles of Association
Guidelines for Corporate Governance
Members of the Board of Directors
Members of the Supervisory Committee
Senior Management
A Letter to Shareholders
  • Ling Ke

    Ling Ke, male, born in December 1959. Mr. Ling is a senior economist, he holds a master’s degree in Management Engineering from Zhejiang University. Mr. Ling has served various positions in the Company, including the deputy general manager, the general manager. He is currently the chairman of the eighth session of the Board of Directors of the Company.

  • Huang Juncan

    Huang Juncan, male, born in February 1971. Mr. Huang holds a bachelor’s degree in Engineering from Tongji University and an MBA from University of Wales College, Newport (Shenzhen), he has also attended a research course of finance management in the College of Economics and Management, Tsinghua University and a CFO module course in China Europe International Business School (CEIBS). Mr. Huang has served as the deputy manager of engineering department of the Company, the deputy general manager of Gemdale’s Beijing branch, the general manager of Gemdale’s Shenzhen branch, the employee representative supervisor of the Board of Supervisors, assistant to the President, chief financial officer of the Company. He is currently a Director of the eighth session of the Board of Directors and the President of the Company.

  • Chen Aihong

    Chen Aihong, female, born in November 1970. Ms. Chen is an accountant with a master degree and an MBA of University of Wales. She once served as the heads of the finance dept. and the audit dept. of Futian District Investment & Management Corporation of Shenzhen, a supervisor of the board of supervisors of the State Assets Office of Futian District. Ms. Chen is currently the chairman of Shenzhen Futian Investment & Development Corporation, and a Director of the eighth session of the Board of Directors of the Company.

  • Chen Bi'an

    Chen Bi’an, male, born in June 1962. Mr. Chen holds a master degree in Engineering from Hunan University and a doctorate in management and engineering from Tianjin University. Mr. Chen is a senior economist. He once served as Executive Vice General Manager, Director and Executive Vice President as well as the Chairman of the fourth session of Board of Supervisors of the Company, Chairman of Gemdale’s Wuhan Branch, the Chairman and General Manager of East China Region subsidiary of Gemdale Group. He is currently a Director of the eighth session of the Board of Directors and Senior Vice President of the Company.

  • Sun Juyi

    Sun Juyi, male, born in April 1952. Mr. Sun holds a master’s degree in economics from Tianjin University of Finance & Economics. He is a senior accountant. He once served as a Director, Vice Chairman and Independent Director of the Company. From 1982 to 1991, he served as lecturer at Tianjin University of Finance & Economics. From 1991 to 1994, he served as assistant to the head of Shenzhen Chinese Accountants Firm (深圳中华会计师事务所).From 1994 to 2002, he acted as deputy general manager and chief financial officer of Shum Yip Holdings Company Limited. From 2002 to 2005, he acted as vice chairman and CFO of the Mission Hills Group. He is currently a Director of the eighth session of the Board of Directors of the Company.

  • Xu Jiajun

    Xu Jiajun, male, born in June 1978. Mr. Xu holds a master degree in management from Shanghai University of Finance & Economics. He had consecutively served as deputy general manager of administration dept., Employee Supervisor of Board of Supervisors, general manager of human resources dept. He is currently a Director of the eighth session of the Board of Directors of the Company as well as Senior Vice President, Secretary to the Board of Directors, and Chief Executive Officer of Gemdale Properties and Investment Corporation Limited.

  • Lin Shengde

    Lin Shengde, male, born in August 1973. Mr. Lin holds a bachelor degree in architectural engineering from Shantou University. He once served as the assistant to general manager, general manager of the contract center, the project manager, person in charge of engineering technology and technician of Shenzhen New Asia Industry Development Co., Ltd. (深圳新亚洲实业发展有限公司), deputy general manager of Property Management Division of Asset Management Center and general manager of the Affairs Executive Division of Sino Life Insurance Co., Ltd. He is currently the general manager/chairman of Shenzhen Life Land Development Co., Ltd. (深圳市生命置地发展有限公司), general manager of Life Land (Changchun) Co., Ltd. (生命置地(长春)有限公司) and deputy general manager of Asset Management Center of Fude Sino Life Insurance Co., Ltd. as well as a Director of the eighth session of the Board of Directors of the Company.

  • Luo Sheng

    LUO Sheng, male, born in September 1970. He holds a doctor degree in Corporate Governance from Business School Nankai University. He once served as the director of Regulation Division of Policy and Regulation Department of the China Insurance Regulatory Commission, the director of the Market Analysis Division of the Development and Reform Department, the deputy director and director of the Corporate Governance Division of the Development and Reform Department, the deputy director of the Law and Regulation Department, the executive director, executive vice president, secretary of the board of directors, general manager of Shanghai Branch of CIITC, the deputy director of Development and Reform Department, etc. He is currently the Deputy Head of the Working Group of Ampang Insurance Group appointed by China Banking and Insurance Regulatory Commission.

  • Wei Chuanjun

    Wei Chuanjun, male, born in October 1968. Mr. Wei holds a bachelor’s degree in economics and an EMBA degree from Shanghai University of Finance and Economics. He is a member of China Certified Public Accountant Association and also a fellow member of the Association of Chartered Certified Accountants. Mr. Wei once served as auditor at Shenzhen Dahua CPA and assistant to general manager of the finance department of Vanke Group. After joining the Company in 2003, he served as general manager of planning & finance department. He is currently a Director of the eighth session of the Board of Directors of the Company, Senior Vice President and Chief Financial Officer of the Company.

  • Bei Duoguang

    Bei Duoguang, male, born in May 1957, holds a doctorate degree in Economics from Renmin University of China. He previously served as a deputy department chief of National Debt Bureau of the Ministry of Finance of the People’s Republic of China, a visiting fellow at China Center of the University of California, Berkeley and the Federal Reserve Bank of New York, a deputy director of the International Affairs Department of China Securities Regulatory Commission, the chief representative of J.P. Morgan Beijing Office (JP摩根北京代表处), the managing director of CICC, the president of Shanghai Financial Development Fund (上海金融发展基金), the chief executive officer of J.P. Morgan First Capital Securities Co., Ltd., and a vice director of the Investment Banking Committee of Securities Association of China and the chairman of the board of China National Micro Finance Investment Limited. He is currently the dean of Chinese Academy of Inclusive Finance Research of Renmin University of China, a consultant of the Strategy and Innovation Committee of Securities Association of China, a part-time professor and doctoral tutor of Renmin University of China, a part-time professor of Shanghai University of Finance and Economics and an independent director of Huaxi Securities Co., Ltd., China Trust Protection Fund Co., Ltd. and Beijing Trust Co., Ltd., as well as an independent director of the eighth session of the Board of Directors of the Company.

  • Zhang Limin

    Zhang Limin, male, born in July 1955. Mr. Zhang holds a doctorate degree in Economics and is a certified public accountant of PRC. He once served as a Professor in accounting and a Tutor of Doctorship in Tianjin Institute of Finance & Economics and Sun Yat-Sen University. He has been a Professor in accounting and a Tutor of Doctorship in Beijing Jiaotong University since 2009. He is also a standing council member of China Audit Society, a council member of China Institute of Internal Audit, and a member of Firm Disciplinary Committee of The Chinese Institute of Certified Public Accountants, etc. He is an independent director of Shenzhen Centralcon Investment Holding Co Ltd., an external supervisor of Everbright Securities and an Independent Director of the eighth session of the Board of Directors of the Company.

  • Chen Jin

    Chen Jin, male, born in January 1968. Mr. Chen holds a doctorate degree in Management Engineering from School of Management, Zhejiang University. He once served as a professor, the executive deputy director of International Institute of Management Science, the deputy director of Research Center for Innovation and Development, assistant to the director of President’s Office, executive deputy director of  National Institute for Innovation Management, director of Research Center for Science, Technology & Education Policy, associate dean of School of Public Affairs, executive associate dean of Undergraduate School and executive associate dean of Chu Kochen Honors College of Zhejiang University. Currently he serves as a professor and doctoral advisor in School of Economics and Management, the director of Research Center for Technological Innovation in Tsinghua University as well as a member of Standardization Administration of the People's Republic of China and Ministry of science and Technology Education Management Committee. He is also the chief editor of “International Journal of Innovation Studies” and “International Journal of Knowledge Management Studies”, executive chief editor of “Technology Economy” and “Tsinghua Business Review” as well as the independent director of Zhejiang Nhu Company Ltd. (浙江新和成股份有限公司), SHUNFA HENGYE Corporation and Shanghai Shenqi Pharmaceutical Investment Management Co.,Ltd, and an Independent Director of the eighth session of the Board of Directors of the Company.

  • Wang Tianguang

    Wang Tianguang, male, born in May 1973. Mr. Wang holds a Bachelor of Arts Degree in Economics from Peking University. He is a certified accountant and a lawyer. He once served as the deputy commissioner of the listed company supervision department of the CSRC Shenzhen Branch, the general manager of the investment banking division of China Galaxy International Securities Co. Ltd., the president assistant and the general manager of the investment banking division of Southwest Securities Co., Ltd, and the vice president of Great Wall Securities Limited. He is currently the Chairman and general manager of Guangdong Weihua Corporation, the executive director of Shenzhen Weihua Wanhong Rare Earth Limited Liability Company, and an Independent Director of the eighth session of the Board of Directors of the Company.

  • Hu Yebi

    Hu Yebi, male, born in June 1963, holds a bachelor's degree in industrial electrical automation from Hunan University. He graduated from Beijing Institute of Technology with a master's degree in management engineering and obtained an MBA from the Netherlands International Institute for Management. He used to be the managing director of DBS Asia Finance Co., Ltd., the founder of Boda Capital International Co., Ltd. and the chairman of the board of directors. He is currently the founder and chairman of the board of Hong Kong Vision Financial Group Co., Ltd., and concurrently the Hong Kong listed company Beijing Sports and Entertainment Industry Group(01803.HK) Non-executive Director and Independent Non-Executive Director of Grand Pharma (China) Co., Ltd. (512.HK), Independent Director of the 8th Board of Directors of the Company.

  • Yang Weimin

    Yang Weimin, male, born in March 1962. Mr. Yang holds a bachelor’s degree from Nanjing Construction Engineering Institute and an MBA from University of Wales College, Newport (Shenzhen). Mr. Yang is a senior engineer and a Certified Commercial Investment Member (“CCIM”). He once served as the vice manager of planning & design dept. and the manager of the engineering dept. of the Company, general manager of our Shenzhen Real Estate Unit, general manager and chairman of the Beijing subsidiary of Gemdale Group, assistant to President of the Company. He is currently the chairman of the eighth session of Board of Supervisors of the Company.

  • Hu Xiangqun

    Hu Xiangqun,female, born in November 1975, holds a master’s degree in business administration from South China University of Technology, and is an accountant and economist. She was previously appointed as the financial controller of Shenzhen Minrun Co., Ltd. Shenzhen Juhua Investment Group Co., Ltd. and Shenzhen Baoneng Investment Group Co., Ltd. and the financial manager of Shenzhen Shenye Logistics Group Co., Ltd. and Shenzhen Baoneng Investment Group Co., Ltd. She currently serves as a director and the head of the financial management department of Shenzhen Futian Investment Development Co., Ltd. and concurrently acts the financial controller of Shenzhen New Generation IT Technology Industrial Park Investment Co., Ltd, the financial controller of Shenzhen Futian Sports Development Co., Ltd and a Supervisor of the eighth session of Board of Supervisors of the Company.

  • Xu Qian

    Xu Qian, male, born in October 1980. He holds a doctorate degree in Land Economy from University of Cambridge in UK. He served in Sino Life Insurance Assets Management. Co., Ltd as general manager assistant and general manager of equity investment department, the person-in-charge of international business and researcher of research department. He also served in Money & Credit Management Department of Central Sub-Branch of the People's Bank of China in Shenzhen as senior staff member. Currently, he serves in Funde Sino Life Insurance Co.,Ltd as general manager assistant and general manager of asset management center, and a Supervisor of the eighth session of Board of Supervisors of the Company.

  • Zhou Dan

    Zhou Dan, female, born in January 1974. She holds a master degree in Journalism and Mass Communications from Peking University. She served in PreIPO Capital Partners Limited (优势资本投资管理有限公司) as partner of North China region, in Ringding Jinxiu PR Consultants Ltd in the United States* (美国润鼎锦绣公关顾问有限公司) as general manager, and in Think London (伦敦投资署) as manager of China project. Currently she serves in China Science & Merchants Investment Management Group as executive vice president and general manager of International Cooperation Center, and a Supervisor of the eighth session of Board of Supervisors of the Company.

  • Wang Yong

    Wang Yong,male, born in November 1972. Mr. Wang holds a master’s degree in engineering from Tsinghua University. Mr. Wang joined Gemdale Group in 1997, and served as deputy general manager of Gemdale Real Estate Co., Ltd., deputy general manager (in charge of daily routines) of brand management department of Gemdale Group, marketing director, deputy general manager and general manager of Shenzhen Real Estate Company, general manager of operation & management department, general manager of strategy management department, and the Chairman and General Manager of the Southeast Region subsidiary of Gemdale Group. He is currently an assistant to President of Gemdale Group and an Employee Representative Supervisor of the eighth session of the Board of Supervisors of the Company.

  • Yan Jiarong

    Yan Jiarong, male, born in October 1963. Mr. Yan holds a master degree in management from Huazhong University of Technology and is an economist. Mr. Yan once served as vice general manager of Monkey King Group, general manager of Shenzhen Kaiwu Technology Co., Ltd., deputy general manager of Gemdale Property Management Co., Ltd., head of the GM Office of Gemdale Group, deputy general manager of Beijing subsidiary of Gemdale Group, chairman and general manager of Wuhan subsidiary of Gemdale Group and chairman and general manager of Gemdale’s Beijing Branch as well as assistant to President of Gemdale Group. He is currently Senior Vice President of the Company as well as the chairman and general manager of Central China Region subsidiary of Gemdale Group.

  • Chen Changchun

    Chen Changchun, male, born in January 1967. Mr. Chen studied at Zhejiang University from 1984 to 1993 and holds a doctor degree in engineering from Zhejiang University. He consecutively served as director and vice president of Gemdale Group, executive director and president of Verakin Group, general manager of Beijing Challengene Real Estate Investment Company Limited (北京前景置地投资有限公司), and executive director and president of EnsenCare (北京安信颐和控股有限公司), a subsidiary of Legend Holdings. He is currently Senior Vice President of the Company and the chairman and general manager of the North China Region subsidiary of Gemdale Group.

  • Zhang Xiaofeng

    Zhang Xiaofeng, male, born in August 1970. Mr. Zhang holds an EMBA degree from China-Europe International Business School and a bachelor degree from Beijing Normal University. After joining Gemdale Group in 1997, he served successively as deputy manager of building materials department, development director and assistant to general manager of Shanghai subsidiary of Gemdale Group, chairman of Gemdale Property Management Co., Ltd., general manager and chairman of Shenyang subsidiary of Gemdale Group and chairman and general manager of the North China Region subsidiary of Gemdale Group. He is currently Vice President of the Company and chairman of the South China Region subsidiary of Gemdale Group.

  • Yang Kan

    Yang Kan, male, born in October 1965. Mr. Yang obtained a master’s degree in management from Zhejiang University and a bachelor’s degree in civil engineering from Dalian University of Technology. From 1996 to 2005, he had served in the Company as the general manager of Gemdale Hotel (lol竞猜软件宾馆), assistant to the general manager of the Project Development Department, deputy general manger of the Corporate Development Department and general manager of the Operation and Management Department, respectively, of the Group. He joined GoldTech Group as a vice president and served in Jingrui Group (景瑞集团) as a director and senior vice president. He is currently a vice president of the Company and chairman and general manager of the East China Region subsidiary of Gemdale Group.

  • Hao Yibin

    Hao Yibin,male, born in November 1972. Mr. Hao obtained a bachelor’s degree in construction management from Tsinghua University. He joined Gemdale Group in July 2003 and served as a general project manager of Gemdale Center of North China Region of Gemdale Group, a managing deputy general manager of the North China Region subsidiary of Gemdale Group and a general manager of Tianjin Subsidiary of Gemdale Group and assistant president of the Company. He is currently a vice president of the Company and chairman of the Northwest and Southeast China Region subsidiary of Gemdale Group.

  • WANG Nan

    WANG Nan, male, born in January 1972. He holds an MBA from Peking University and a bachelor’s degree from the Department of Management Engineering of Northeastern University. He joined Gemdale Group in April 2002. He has served as Marketing Director of Gemdale Wuhan Real Estate Company and Shanghai Real Estate Company, General Manager of Shanghai Real Estate Hangzhou Company, Deputy General Manager of East China Real Estate Company, and Strategic Director of Gemdale Group, and Assistant President of the Company. He is currently the Vice President of the Company.

The global economy encounters an intricate situation in 2018. As the tide of international anti-globalization rises, the gradual withdrawal of quantitative easing by the US has caused pressure and turbulence on global finance and asset prices; the domestic economy shifts from rapid growth to high-quality slow growth; structural contradictions in economic growth and industrial transformation have further aggravated the pains of China’s economy in 2018, and the economy is facing increasing downward pressure. The previous high-speed growth model has accumulated high debt problems for China’s economy, making financial risk prevention the main keynote of macro regulation in 2018.

The pressure brought by the macroeconomic situation is obvious in the real estate industry. The regulation target shifts from suppressing the asset bubble to resolutely curbing the rise in housing prices. The real estate regulation policies of various regions were released in the fourth quarter of 2016, and continuously strengthened and upgraded in 2018. As a result, the real estate market changed from the cold and hot inequality in the first half of 2018 to the downward trend in the second half of the year and continued to spread.

In the face of such a complex external environment, we actively responded and sprinted to ensure the quality growth of scale of the company. During the reporting period, the company’s sales volume reached a record high of 162.3 billion yuan, a year-on-year increase of 15%, and a compound growth rate of 38% in the past three years, further consolidating its position in the industry. In terms of land investment, the company accurately grasps the investment rhythm and investment method, newly developing 7 provincial capitals, 1 city specifically designated in the state plan, and 2 metropolitan radiation cities, with 80 investment projects, and newly added land reserves of 10.68 million square meters, thereby laying the solid foundation for the scale steady growth. By the end of 2018, the company has run business in 7 major regions and 50 cities in China. In the future, the company will continue to study macroeconomic trends in depth, strengthen the grasp of cyclical rotation, and further deepen the investment layout to help the company grow in scale.

During the reporting period, we continued to maintain a sound financial level. By making full use of various financing channels, we had a low-cost financing of only 4.87%. At the end of the year, the company’s monetary fund surplus was about 44 billion yuan, up 60% from 2017. While ensuring the overall scale growth, we gave a consideration to risk control. In 2018, the net debt ratio was as low as 58%, significantly lower than the industry average. In terms of product research and development, we keep leading the industry and making breakthrough, including the iterative upgrade of the eighth product “China Chic” 2.0 products and the perfect presentation of the ninth product “Colorful-center” series, which have been implemented in 5 cities, to form the exquisite product brand with a unique architectural aesthetics. At the same time, the company’s comprehensive management capabilities, financial management, information construction and cost management are also increasing.

In 2018, we accelerated to explore various new businesses according to the plan, with fruitful results: Gemdale Management has a good start in its business, signing more than 3 million square meters of projects in total; the industrial real estate realized cross-regional distribution in investment and operation; four schools have been in operation in the education sector, showing a good business synergy with the main business; the Internet home decoration business were implemented in 7 cities, with continuously increased scale; Gemdale successfully won the right to host the 2019-2028 WTA Finals on behalf of Shenzhen in sports, and the contracted players also won the excellent results in Grand Slam; long-term rental apartments, equity investment and other aspects also harvested good results.

In the complex market, we always adhere to the balanced development between the scale and efficiency, and are committed to providing shareholders with a sustained and stable return on investment. In the context of the overall decline in profitability of the industry in 2018, Gemdale truly had a scale growth: we created an equity net profit of about 11.74 billion yuan, an equity sales gross profit margin of 33.9%, and an equity sales net profit margin of 15.5%, which are all above the industry average.

In 2019, China’s economy will experience “some changes in stability and some worries in change”. Although the goal of real estate regulation policy is to establish a long-term regulation mechanism for the real estate market, there are still many uncertain risks in the real estate market under the differentiation policy background of “one city and one policy”, “strengthening the responsibility of local governments”. In such a business environment, we should continue to follow the balanced development concept, and pursue scale from investment distribution and benefit from management operations, to continuously improve investment quality and operational efficiency, and to achieve sustained and steady growth in scale and profit.

We must take scientific foresight as the guide to do better in investment, grasp the correlation between macro economy, regional economy and investment rhythm, strengthen the research and judgment of macro situation and macro economy, the basic research of trend; obtain the land more through composite real estate; further optimize the communication and linkage among the group, regions and cities. What’s more, we must maintain a balance between scale and efficiency, focus on strengthening financial financing capabilities, improving cash flow management, consolidating operations and control systems, and appropriately increasing the holding assets.

We should build industry-leading products and construction systems. Committed to promoting the Science of Living, we pay attention to the scientific combination of cutting-edge intelligent technology and intelligent human habitation to further improve the product design; explore new construction modes and new decoration modes to strengthen the project management; focus on the deep integration of advanced technology such as Internet of Things and construction industry to upgrade the level of industrialization and informationization; further improve the operation and management capabilities of regional companies to enhance the competitiveness of urban companies.

Moreover, we must continue to implement the “One Body Two Wings” strategy and deepen the development of diversification and internationalization. Efforts should be also made by doing better in commercial real estate and industrial real estate, strengthening investment, management and operation capabilities, further expanding emerging industries such as science parks, trying asset-light management; deepening and expanding the combination of real estate and finance, learning mature market experience, integrating real estate finance, asset management and asset operation business, expanding asset management scale and asset management categories. It is also necessary to expand multidirectional consumption upgrade business, to create an innovative industry sector that operates independently and effectively integrates with residential and commercial businesses. At the same time, in a planned and step-by-step way, we need to explore and practice in the fields of medical care, old-age care, cultural tourism, sports industry, education, home life and other industries.

Gemdale has gone through a glorious history of thirty years. Over the past 30 years, Gemdale has embarked on a unique path that is not tempted by cyclical interests, and not coerced by blind expansion, and adheres to balanced development. Standing at a new historical starting point, we thank the times for the historical mission and opportunities, and thank all shareholders for their support and trust. We are firmly and unswervingly determined to continue to make the Gemdale business bigger and stronger. We hope that all shareholders can share the dream and work together to open a new journey of second venture!

Chairman: LING Ke
April 30, 2019
Investors are welcome to consult.

Address: 32/F, Gemdale Center , No. 2007 Shennan Boulevard, Gangxia Community, Futian Sub--district, Futian District, Shenzhen

Tel: 86-755-82039999    0755-82039509

Fax: 86-755-82039900

E-mail:IR@gemdale.com    Postcode:518026