一如扩张期的拆分与放权，房企进入调整期后，重新整合组织架构成为共识。8月7日，据北京商报记者 不完全统计，今年前7个月，保利发展、华润置地、招商蛇口、龙湖集团等10余家房企调整组织架构。 从区域放权到强化总部，从细分小区到整合大区，强化风控等部门成为本轮房企组织架构调整的共同选 择。 业内分析，房企加速推进组织架构调整，本质上是对房地产行业新形势的主动适配。通过扁平化管理压 缩管理层级，不仅能降低沟通成本、提升决策效率，更能让总部资源与一线需求直接对接，强化对市场 的快速响应。 从强地区到"强总部" 在行业深度调整周期中，近两年房企组织调整的思路已基本趋同，通过更为高效、灵活的组织架构，采 取更为收缩、谨慎的运营方式应对市场挑战和风险。 据北京商报记者不完全统计，今年前7个月，保利发展、招商蛇口、绿地集团、建发房产等多家房企进 行共计超15次管控架构、区域合并以及总部架构的调整。其中，调整管控架构的房企有4家。例如，金 地集团将原有的"总部—区域—城市公司"3级管理模式调整为"总部—大区—地区公司"的2.5级管理模 式。 招商蛇口也在2025年初在华东区域启动城市公司合并，杭州公司更名为浙江公司，宁波公司调整 ...

8月6日，中国海外宏洋发布2025年7月未经审核营运数据。 截至2025年7月底，累计认购未签约额人民币3.32亿元及认购未签约面积28,000平方米。 公告显示，7月实现合约销售额人民币20.39亿元及合约销售面积188,700平方米，分别按年下跌8.6%及 12.2%。 中国海外宏洋发布2025年7月未经审核营运数据。 1-7月累计合约销售额人民币186.49亿元及合约销售面积1,661,100平方米，分别按年下跌12.2%及 11.2%。 在2025年7月份，集团于内蒙古自治区包头市新增项目1个，总楼面面积156,904平方米，总土地成本人 民币2.91亿元。从2025年1月1日至7月31日期间，集团累计新增总楼面面积1,485,167平方米，总土地成 本人民币64.78亿元。 ...

智通财经APP讯，中国海外宏洋集团(00081)发布公告，在2025年7月份，中海宏洋系列公司实现合约销 售额人民币20.39亿元及合约销售面积18.87万平方米，分别按年下跌8.6%及12.2%。在2025年1至7月 份，累计合约销售额人民币186.49亿元及合约销售面积166.11万平方米，分别按年下跌12.2%及11.2%。 截至2025年7月底，累计认购未签约额人民币3.32亿元及认购未签约面积2.8万平方米。 在2025年7月份，本集团于内蒙古自治区包头市新增项目1个，总楼面面积15.69万平方米，总土地成本 人民币2.91亿元。从2025年1月1日至7月31日期间，本集团累计新增总楼面面积148.52万平方米，总土地 成本人民币64.78亿元， ...

（在香港註冊成立之有限公司） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承 擔任何責任。 上述營運數據未經審核，乃根據本集團初步內部資料編製，鑒於收集該等營運資料過程中存 在各種不確定因素，該等銷售數據與本公司按年度或半年度刊發的經審核或未經審核綜合財 務報表中披露的數字可能存在差異，因此上述數據僅供投資者參考。股東及投資者於買賣本 公司證券時務須謹慎行事，避免不恰當地依賴該等資料。如有任何疑問，股東及投資者應尋 求專業人士或財務顧問的專業意見。 中國海外宏洋集團有限公司 主席兼執行董事 庄勇 （股份代號：81） 二零二五年七月份的未經審核營運數據 中國海外宏洋集團有限公司（「本公司」）董事局（「董事局」）欣然宣佈本公司及其附屬 公司（「本集團」）及本集團之聯營公司和合營公司（統稱「中海宏洋系列公司」）若干未 經審核營運數據如下： 在2025年7月份，中海宏洋系列公司實現合約銷售額人民幣2,039,000,000元及合約銷售面積 188,700平方米，分別按年下 ...

格隆汇8月4日丨中国海外宏洋集团(00081.HK)公布，将于2025年8月25日（星期一）假座香港皇后大道 东一号太古广场三座七楼701-702室举行董事局会议，藉以（其中包括）批准公司及其附属公司截至 2025年6月30日止六个月的中期业绩及其发布，以及考虑派发中期股息（如有）。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 （於香港註冊成立之有限公司） （股份代號：81） 謹啟 香港，二零二五年八月四日 於本公告日期，董事局成員包括八名董事，分別為三名執行董事庄勇先生、楊林先生及周漢成 先生；兩名非執行董事翁國基先生及劉萍女士；以及三名獨立非執行董事鍾瑞明博士、林健鋒 先生及范駿華先生。 董事局會議召開日期 中國海外宏洋集團有限公司（「本公司」）董事局（「董事局」）公佈將於二零 二五年八月二十五日（星期一）假座香港皇后大道東一號太古廣場三座七樓 701-702室舉行董事局會議，藉以（其中包括）批准本公司及其附屬公司截至二零 二五年六月三十日止六個月之中期業績及其發佈，以及考慮派發中期股息（如 有）。 中國海外宏洋集團有限公司 主席兼執行董事 庄勇 ...

Group 1: Real Estate Development and Property Services Valuation - As of July 25, 2025, the real estate sector (Shenwan) has a price-to-book ratio (PB) of 0.78, ranking in the 90.45th percentile historically since 2024 [3] - The Hang Seng real estate and construction sector has a PB of 0.44, ranking in the 98.69th percentile historically since 2024 [3] - From July 1 to July 25, 2025, the real estate sector (Shenwan) increased by 7.8%, outperforming the CSI 300 index by 2.93 percentage points [3] - Key A-share real estate companies with the highest gains during this period include New Town Holdings (+12.2%), China Merchants Shekou (+9.3%), and Gemdale Corporation (+7.4%) [3] Group 2: Property Services Market Performance - From July 1 to July 25, 2025, the property services sector (Shenwan) rose by 3.7%, underperforming the CSI 300 index by 1.20 percentage points [4] - The Hang Seng property services and management index increased by 5.1%, also underperforming the Hang Seng index by 0.37 percentage points [4] - Key A-share property service companies with the highest gains include TeFa Service (+10.4%), World Union (+9.2%), and Ningbo Fuda (+5.9%) [4] Group 3: Public Fund Holdings in Real Estate - As of the end of Q2 2025, public funds held a total market value of approximately 48.4 billion yuan in real estate stocks, down from 54.8 billion yuan at the end of Q1 2025 [5] - This represents about 0.14% of net asset value and 0.67% of stock investment value, indicating a lower allocation compared to standard industry benchmarks by 0.56 percentage points [5] Group 4: Market Trends and Opportunities - In the first half of 2025, the sales amount of commodity residential properties in six major cities (excluding affordable housing) reached 913.3 billion yuan, reflecting a 6.0% increase [6] - The average transaction price of land in core cities increased by 22.8% to 12,009 yuan per square meter [6] - Notable real estate companies with strong sales performance include China Jinmao (36.8 billion yuan, +19.6% YoY) and Yuexiu Property (36.9 billion yuan, +10.8% YoY) [6]

Core Viewpoint - The concept of "Good House" has been introduced in the government work report, providing policy guidance for the "housing for all" initiative, marking a significant shift from policy advocacy to a binding national standard with the implementation of the "Residential Project Specification" on May 1, 2025, leading to a profound transformation in the industry from "quantity" to "quality" [2][3]. Group 1: Industry Response to "Good House" - Over 50% of monitored real estate companies have mentioned "Good House" in their official communications this year, indicating a strong industry response to this significant concept [2]. - Various companies have developed comprehensive systems to ensure their products meet the expectations and standards set by the "Good House" initiative, integrating their past experiences and advancements in the quality era [2][3]. Group 2: Company Standards and Innovations - Greentown China introduced the industry's first "Good House" standard, focusing on six key elements: aesthetics, affordability, intelligence, low carbon, full lifecycle, and health [3]. - China Electric Power Real Estate established a "Good House" standard with six dimensions and 165 technical parameters, emphasizing safety, health, green, and smart features [3]. - Poly Developments proposed a "Cultural Community" product concept, integrating "good products, good services, good living" as its core strategy [3]. - China Resources Land has established a "Good House" system focusing on community, product, and service, detailing twelve key scenarios to meet customer needs [3][6]. Group 3: Addressing Consumer Pain Points - The focus on consumer needs has become paramount, with companies like Greentown China responding to insights from a lifestyle demand report by offering customized living spaces [10]. - China State Construction developed a "Good House" construction system based on extensive customer feedback, addressing over 95% of common residential pain points [11]. - China Overseas Property launched the Living OS system, aiming to meet diverse customer expectations through a technology-driven approach [13]. Group 4: Technological Integration - The integration of technology and intelligence into housing products is a growing trend, with companies like Poly Developments implementing a comprehensive smart response across their product and service chains [14]. - Wuhan Urban Construction is utilizing BIM technology in its projects to enhance construction efficiency and quality control [14][16]. - Jinji Real Estate is collaborating with Huawei to provide smart home systems for high-end residential projects, aiming to create a holistic intelligent living environment [17]. Group 5: Product Launches and Market Trends - The "Good House" era has seen the launch of innovative products, such as Huafa's "Good House" project in Zhuhai, featuring advanced technology like AI butlers and drone delivery systems [18]. - China State Construction has introduced several projects with "Good House" characteristics, focusing on green and low-carbon living environments [21]. - Poly Developments' project "Zhenluan" emphasizes functional aesthetics, transforming traditional luxury into practical living spaces [24]. Group 6: Future Developments and Evaluations - The 2025 semi-annual CRIC "China Real Estate Product Evaluation" has been initiated, including a new category for "Good House" evaluations, with results expected in June [25][27].

Important News - The high-level economic and trade talks between China and the United States have made substantial progress, reaching important consensus [2] Company News - Ningde Times (810699.HK) will begin its IPO on May 12, with a maximum offer price of 263.00 HKD [3] - Li Auto (02015.HK) has achieved cumulative deliveries of over 300,000 units for the Li L7 [3] - Longfor Group (00960.HK) reported a contract sales amount of 5.13 billion RMB in April, with a cumulative contract sales amount of 22.08 billion RMB from January to April [3] - Rongchang Biopharmaceutical (09995.HK) received approval from the National Medical Products Administration for the injection of Vedicimab for treating HER2-positive late-stage breast cancer with liver metastasis in China [4] - GAC Group (02238.HK) reported April vehicle sales of 116,400 units, a year-on-year decrease of 12.66% [5] - China Overseas Development (00688.HK) achieved a cumulative contract property sales amount of 66.583 billion RMB from January to April [5] - China Jinmao (00817.HK) reported a signed sales amount of 7.001 billion RMB in April [5] - Shimao Group (00813.HK) had a cumulative contract sales total of 9.07 billion RMB in the first four months [5] - China Overseas Hongyang Group (00081.HK) realized a contract sales amount of 2.624 billion RMB in April, a year-on-year decline of 18.1% [5] - Q Technology (01478.HK) sold 31.783 million mobile camera modules in April, a month-on-month increase of 7.9% [5] - Stone Pharmaceutical Group (01093.HK) received approval for clinical trials in the U.S. for SYH2046 tablets [5]

Major Events - Jin'an Industrial (02292) received a privatization offer from its controlling shareholder at a premium of approximately 30%, with resumption of trading on May 12 [1] - Jingtai Holdings (02228) plans to acquire 90% of Shanghai Siwei Medical for 250 million yuan, aiming to create an AI-enabled remote electrocardiogram diagnosis platform [1] - China Investment and Financing (01226) is in contact with MCHKI to explore several potential corporate activities following unusual stock price movements [1] - Qiu Tai Technology (01478) reported camera module sales of 33.229 million units in April, an increase of 8.4% month-on-month but a decrease of 20.1% year-on-year [1] - Stone Pharmaceutical Group (01093) received approval for clinical trials of SYH2046 in the United States [1] - Fosun Pharma (02196) subsidiary Junji Health obtained FDA approval for drug clinical trials [1] - Rongchang Bio (09995) received approval for the marketing of Aidiqi® for treating HER2-positive advanced breast cancer with liver metastasis in China [1] - Livzon Pharmaceutical (01513) received approval for the marketing of injectable aripiprazole microspheres [1] - GAC Group (02238) reported April automobile production of 108,600 units, a year-on-year decline of 25.74% [2] - China Overseas Development (00688) reported contract property sales of approximately 20.164 billion yuan in April, a year-on-year decrease of 7.5% [2] Share Buybacks/Reductions - China Hongqiao (01378) repurchased 19.667 million shares for 273 million HKD on May 9 [1] - AIA Group (01299) repurchased 1.5 million shares for 92.1915 million HKD on May 9 [1] - Cathay Securities (02611) repurchased 1.6906 million A-shares for 29.3356 million yuan on May 9 [1] - Times Electric (03898) repurchased 610,300 shares for 19.7008 million HKD on May 9 [1] - East Asia Bank (00023) acquired 52.8 million shares from Sumitomo Mitsui Banking Corporation [1] - Shandong Molong (00568) saw shareholder Zhimo Holdings reduce its holdings by 28.81 million H-shares [1] Operating Performance - Longyuan Power (00916) achieved a power generation volume of 6.9064 million MWh in April, a year-on-year increase of 4.85% [2] - New天绿色能源 (00956) reported a power generation volume of 1.4778 million MWh in April, a year-on-year increase of 16.91% [2] - Jianye Real Estate (00832) achieved a total property contract sales amount of 2.71 billion yuan in the first four months, a year-on-year increase of 4.8% [2] - China Overseas Hongyang Group (00081) reported a cumulative contract sales amount of 9.556 billion yuan in the first four months, a year-on-year decrease of 14.1% [2] - Times China Holdings (01233) reported a cumulative contract sales amount of approximately 1.81 billion yuan in the first four months, a year-on-year decrease of 29.87% [2] - Agile Property Holdings (01813) reported a pre-sale amount of 509 million yuan in April, a year-on-year decrease of 47.5% [2] - Greenland Hong Kong (00337) reported contract sales of approximately 880 million yuan in the first four months, a year-on-year decrease of 69.3% [2]