股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 新鴻基地產發展有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00016 | | 說明 | | | | | | | | 多櫃檯證券代號 | 80016 | RMB 說明 | | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | | 已發行股份總數 | | | 上月底結存 | | | | 2,897,780,274 | | | 0 | | 2,897,780,274 | | 增加 / 減少 ( ...

Summary of the Conference Call Industry Overview - **Industry**: Property Market in Mainland China and Hong Kong SAR - **Key Insights**: The property market is experiencing mixed signals with leading indicators in Mainland China showing declines while Hong Kong sees strong tourist arrivals. Mainland China Property Market - **Leading Indicators**: - Centaline tier-1 cities' secondary asking price index decreased from 19.4 to 18.5, marking the lowest since May 2024 [4] - Centaline manager confidence index fell from 45 to 44, reaching a new low since October 2024 [4] - **Sales Performance**: - 60-city primary sales increased by 1% year-over-year, recovering from a previous decline of 8% [4] - Sales registrations in Beijing improved by 17% year-over-year following policy easing on August 7, but asking prices remained stable [4] - 12-city secondary sales year-over-year growth improved from 4% to 6% [4] - **Market Dynamics**: - The sector's share price rose by 3% last week, with Vanke outperforming at +9% [4] - Notable underperformers included Shimao (-14%) and A-Living (-7%) [4] - **Investment Recommendations**: - Top picks include CR Land, CR Mixc, and Jinmao, with potential upside in laggards like COLI, COPH, and Longfor [4] Hong Kong Property Market - **Tourism Impact**: - Tourist arrivals increased by 1% week-over-week to 1.24 million, the highest year-to-date, with a year-over-year growth of 19% [4] - **Residential Sales**: - Residential sell-through rates have slowed, with Blue Coast II achieving a 56% sell-through rate, lower than expected [4] - Home price index fell by 0.5% week-over-week [4] - **Market Indicators**: - Centa Valuation Index rose to 65.2, indicating banks are revising up valuations, which supports price stabilization [4] - Secondary transactions in top 35 estates increased by 52% week-over-week to 82 units [4] - **Investment Recommendations**: - Among landlords, top picks include Swire Prop, Hang Lung, Wharf REIC, and Link REIT; among developers, Henderson and Sino are favored [4] Additional Insights - **Market Sentiment**: - The overall sentiment in the property market remains cautious, with leading indicators suggesting potential challenges ahead [4] - **Credit Views**: - Vanke reported a quarterly net loss of RMB 6 billion, with net gearing rising to 90% in Q2 2025, but is not expected to default due to support from Shenzhen Metro [9] - **Share Price Movements**: - The property sector in Mainland China and Hong Kong showed varied performance, with some companies experiencing significant fluctuations in share prices [4][55] This summary encapsulates the key points from the conference call regarding the property markets in Mainland China and Hong Kong, highlighting both challenges and opportunities for investors.

Market Overview - Major blue-chip stocks mostly declined, with HSBC Holdings closing at HKD 100.610, up 0.51% from the previous close, while Tencent Holdings closed at HKD 592.833, down 1.03% [1] Stock Performance Summary - Tencent Holdings: Decreased by HKD 10.500, or 1.72%, with an ADR price of HKD 592.833, showing a decline of HKD 6.167 or 1.03% compared to the Hong Kong stock price [2] - Alibaba Group: Increased by HKD 0.200, or 0.16%, with an ADR price of HKD 118.977, down HKD 2.523 or 2.08% compared to the Hong Kong stock price [2] - HSBC Holdings: Decreased by HKD 0.100, or 0.10%, with an ADR price of HKD 100.610, up HKD 0.510 or 0.51% compared to the Hong Kong stock price [2] - AIA Group: Decreased by HKD 1.050, or 1.43%, with an ADR price of HKD 72.011, down HKD 0.389 or 0.54% compared to the Hong Kong stock price [2] - BYD Company: Decreased by HKD 2.500, or 2.13%, with an ADR price of HKD 114.159, down HKD 0.941 or 0.82% compared to the Hong Kong stock price [2] - JD.com: Decreased by HKD 3.100, or 2.49%, with an ADR price of HKD 120.000, down HKD 1.300 or 1.07% compared to the Hong Kong stock price [2]

Market Overview - The Hang Seng Index (HSI) closed at 25,571.06, up by 46.14 points or 0.18% as of August 26, 16:00 Eastern Time [1] - The index reached a high of 25,692.07 and a low of 25,526.43 during the trading session, with a trading volume of 37.496 million [1] Major Blue-Chip Stocks Performance - Most large-cap stocks saw an increase, with HSBC Holdings closing at HKD 102.078, up by 1.87% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 610.224, reflecting a slight increase of 0.12% from the Hong Kong close [2] Stock Movements - Tencent Holdings experienced a decrease of HKD 5.000, or 0.81%, while its ADR price increased by HKD 0.724, or 0.12% [3] - Alibaba Group saw a decline of HKD 3.200, or 2.57%, with its ADR price down by HKD 0.317, or 0.26% [3] - HSBC Holdings dropped by HKD 1.300, or 1.28%, but its ADR price increased by HKD 1.878, or 1.87% [3] - Other notable movements include Meituan-W down by HKD 2.300, or 1.88%, and BYD Company up by HKD 1.800, or 1.55% [3]

大型蓝筹股绝大多数下跌，汇丰控股收报101.904港元，较香港收市涨0.40%；腾讯控股收报610.534港元，较香港收市跌0.65%。 | 序号 | 名称 | 港股代码 | 涨跌额 | 涨跌幅 | ADRACT | ADR换算价(HKD) | 较港股升跌 | 较港股升跌% ADRE | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | ○ 00700 | +14.500 | 2.42% | TCEHY | 610.534 | -3.966 | -0.65% | | 2 | 阿里巴巴-W | 09988 | +6.500 | 5.51% | BABA | 121.433 | -3.067 | -2.46% | | 3 | 建设银行 | 00939 | -0.020 | -0.26% | CICHY | 7.683 | -0.047 | -0.60% | | 4 | 汇丰控股 | 00005 | +0.200 | 0.20% | HSBC | 101.904 | +0.404 | 0.40% | | 5 | 小米集团-W | ...

Market Overview - The Hang Seng Index (HSI) closed at 25,129.15, up by 24.54 points or 0.10% from the previous close [1] - The index reached a high of 25,167.65 and a low of 25,039.93 during the trading session [1] - The average trading price was 25,103.79, with a trading volume of 32.99 million [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 101.987, an increase of 1.08% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 597.451, up by 0.75% from the Hong Kong close [2] ADR Performance - Tencent Holdings (ADR) increased by 0.42% to USD 593.000, with an ADR conversion price of HKD 597.451, reflecting a gain of HKD 4.451 compared to the Hong Kong stock [3] - HSBC Holdings (ADR) rose by 1.41% to USD 100.900, with an ADR conversion price of HKD 101.987, showing an increase of HKD 1.087 compared to the Hong Kong stock [3] - Alibaba (ADR) decreased by 1.53% to USD 115.700, with an ADR conversion price of HKD 115.343, down by HKD 0.357 compared to the Hong Kong stock [3]

Summary of Key Points Core Viewpoint - The report highlights the top short-selling stocks in the market, indicating significant investor sentiment and potential volatility in these companies' stock prices [1][2][3]. Short Selling Ratios - The top three stocks by short-selling ratio are: - Sun Hung Kai Properties-R (80016) at 100.00% - Lenovo Group-R (80992) at 98.00% - Tencent Holdings-R (80700) at 87.44% [2][3]. Short Selling Amounts - The leading stocks by short-selling amount are: - Xiaomi Group-W (01810) with a short-selling amount of 2.084 billion - Tencent Holdings (00700) at 1.612 billion - Pop Mart (09992) at 1.110 billion [1][3]. Deviation Values - The stocks with the highest deviation values are: - Tencent Holdings-R (80700) at 47.80% - Lenovo Group-R (80992) at 41.56% - China Mobile-R (80941) at 40.57% [1][3]. Additional Insights - The report provides a detailed table of the top ten stocks by short-selling ratios, amounts, and deviation values, indicating a trend of increased short-selling activity in certain sectors [2][3].

Market Overview - The Hang Seng Index (HSI) closed at 25,135.31, down by 30.63 points or 0.12% on August 20 [1] - The index reached a high of 25,193.11 and a low of 25,028.31 during the trading session, with a trading volume of 43.495 million shares [1] Major Blue-Chip Stocks - HSBC Holdings closed at HKD 102.118, up by 2.63% compared to the previous close [2] - Tencent Holdings closed at HKD 591.523, with a slight increase of 0.17% from the previous close [2] Stock Performance Summary - Tencent Holdings (00700) latest price is HKD 590.500, down by 0.34% [3] - Alibaba Group (09988) latest price is HKD 117.500, down by 0.68% [3] - HSBC Holdings (00005) latest price is HKD 99.500, up by 0.45% [3] - Meituan (03690) latest price remains unchanged at HKD 120.800 [3] - Pinduoduo (09992) saw a significant increase, closing at HKD 316.000, up by 12.54% [3]

大型蓝筹股多数下跌，汇丰控股收报99.581港元，较香港收市涨0.54%；腾讯控股收报588.764港元，较香港收市跌0.63%。 | 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADRICIS | ADR换算价(HKD) | 较港股升跌 较 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | @ 00700 | 592.500 | +5.500 | 0.94% | TCEHY | 588.764 | -3.736 | | 2 | 阿里巴巴-W | 09988 | 118.300 | -0.300 | -0.25% | BABA | 116.979 | -1.321 | | 3 | 建设银行 | 00939 | 7.710 | 0.000 | 0.00% | CICHY | 7.674 | -0.036 | | 4 | 汇丰控股 | 00005 | 99.050 | +0.600 | 0.61% | HSBC | 99.581 | +0.531 | | 5 | 小米集团-W | 01810 | ...

该行指，香港发展商股价在拆息低企期间跑赢恒指，预期拆息回复至预测水平及香港浮息按揭重新定价 至P按上限3.5厘，有关股份将经历一轮疲软。整体预期香港住宅楼市缓慢反弹的观点维持，预计今年楼 价持平，未来两年反弹5%及6%。该行维持对长实集团(01113)及新鸿基地产(00016)"买入"评级，以及对 恒基地产(00012)和信和置业(00083)"沽售"评级。 高盛发布研报称，香港银行同业拆息(HIBOR)昨(18日)回升至2厘，为5月初以来首次。银行体系结余由 高峰期1,770亿港元降至530亿港元，对比流动性涌入前的440亿港元。有关情况符合该行预期。 ...