E-STARCM：2020ANNUALREPORT.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CONTENTSGroup Introduction2Corporate Information3Awards4Chairmans Statement6Overview of Business8Management Discussion and Analysis9Directors and Senior Management21Corpo

2、rate Governance Report27Report of the Directors37Independent Auditors Report50Consolidated Statement of Profit or Loss and Other Comprehensive Income54Consolidated Statement of Financial Position55Consolidated Statement of Changes in Equity57Consolidated Statement of Cash Flows59Notes to the Consoli

3、dated Financial Statements61Four-Year Financial Summary1242E-Star Commercial Management Company Limited 2020 Annual ReportGROUP INTRODUCTION E-Star Commercial Management Company Limited(“E-Star”or the“Company”)together its subsidiaries(the“Group”)is a leading commercial property operational service

4、provider in the Greater Bay Area with a national presence.As of 31 December 2020,the Group entered into contracts to provide services for 53 commercial property projects located in 20 cities in China,with an aggregate contracted gross floor area(“GFA”)of approximately 3.28 million sq.m.,61.6%of whic

5、h was developed or owned by independent third parties.Among them,22 retail commercial properties have been opened with an aggregate opened GFA of approximately 1.57 million sq.m.The Group owns a comprehensive and highly-recognised brand system,primarily including“COCO Park”for city shopping centers(

6、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 consumers within a five-kilometer radius from such shopping centers,“COCO Garden”for community shopping centers(社區型購物中心)targeting consumers within a one-to-three-kilometer radius from such shop