Core Viewpoint - Yuexiu Property Company Limited reported a decline in sales performance for 2025, with a contract sales amount of 8.996 billion yuan, down 33.4% year-on-year, and a sales area of 447,600 square meters, decreasing by 8.5% [1] Group 1: Sales Performance - The total contract sales amount for the year reached 106.21 billion yuan, representing a year-on-year decline of 7.3%, while the sales area was 2.9525 million square meters, down 24.7% [1] - Despite the decline in sales data, the company's sales target for 2025 was set at 120.5 billion yuan, achieving a completion rate of 88.1% [1] Group 2: Market Environment and Strategy - The overall real estate market environment poses significant challenges for all developers, including Yuexiu Property [1] - The company's ability to maintain relatively stable sales performance amidst adverse conditions reflects strong adaptability and resilience to market changes [1] - Yuexiu Property is expected to continue optimizing and adjusting its operational strategies to maintain a leading position in a competitive market [1]

Core Viewpoint - Yuexiu Property achieved a contract sales amount of 8.996 billion yuan in December 2025, representing a year-on-year decline of 33.4% [2] - The company’s total contract sales for the year reached 106.21 billion yuan, down 7.3% year-on-year, with a total sales area of 2.9525 million square meters, a decrease of 24.7% [2] - Despite the downward trend in sales due to market conditions, the company maintained a reasonable completion rate of 88.1% against its annual target of 120.5 billion yuan, indicating resilience in its sales strategy [2] Summary by Category Sales Performance - December 2025 contract sales amounted to 8.996 billion yuan, down 33.4% year-on-year [2] - Total contract sales for the year were 106.21 billion yuan, a decline of 7.3% year-on-year [2] - The sales area for the year was 2.9525 million square meters, down 24.7% [2] Target Achievement - The annual sales target was set at 120.5 billion yuan [2] - The actual completion rate of the sales target was 88.1% [2] Market Impact - The sales performance showed a downward trend influenced by market conditions [2] - The company’s sales strategy demonstrated a certain level of resilience despite the challenges faced [2]

Group 1 - The Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development announced a tax refund policy for individuals selling their homes and purchasing new ones within one year, effective from January 1, 2026, to December 31, 2027 [1] - Taxpayers will receive a full refund of personal income tax paid on the sale of their current home if the new home purchase amount is greater than or equal to the sale amount; if less, the refund will be proportional to the new purchase amount [1] Group 2 - Yuexiu Property reported a contract sales amount of approximately 8.996 billion yuan in December 2025, a year-on-year decrease of about 33.4%, with a sales area of approximately 447,600 square meters, down 8.5% year-on-year [2] - Oceanwide Group disclosed a contract sales amount of approximately 2.52 billion yuan in December 2025, with a sales area of approximately 184,000 square meters and an average sales price of 13,700 yuan per square meter [3] - Overseas Chinese Town reported a contract sales amount of 1.99 billion yuan in December 2025, a year-on-year decrease of 31% but a quarter-on-quarter increase of 66%, with a sales area of 135,000 square meters, down 20% year-on-year [4] - Gemdale Group expects a negative net profit attributable to shareholders for the fiscal year 2025, indicating a projected loss for the company's operating performance [5]

Group 1 - The Ministry of Finance, the State Taxation Administration, and the Ministry of Housing and Urban-Rural Development announced a tax refund policy for individuals selling their homes and purchasing new ones within one year, effective from January 1, 2026, to December 31, 2027 [1] - The tax refund will be fully granted if the new home purchase amount is greater than or equal to the selling price of the current home; if less, the refund will be proportional to the new purchase amount relative to the selling price [1] Group 2 - Yuexiu Property reported a contract sales amount of approximately 8.996 billion yuan in December 2025, a year-on-year decrease of about 33.4%, with a sales area of approximately 447,600 square meters, down 8.5% year-on-year [2] - Oceanwide Group disclosed a contract sales amount of approximately 2.52 billion yuan in December 2025, with a sales area of approximately 184,000 square meters and an average sales price of 13,700 yuan per square meter [3] - Overseas Chinese Town reported a contract sales amount of 1.99 billion yuan in December 2025, a year-on-year decrease of 31% but a month-on-month increase of 66%, with a sales area of 135,000 square meters, down 20% year-on-year [4] - Gemdale Group expects a negative net profit for the year 2025, indicating a projected loss in operating performance [5]

Major Events - Longi Technology (09611) plans to globally offer 52.2591 million H-shares from January 14 to January 19 [1] - CK Life Sciences (00013) announced the results of the SACHI III study published in The Lancet [1] - Dongyang Sunshine Pharmaceutical (06887) launched an AI-driven R&D platform targeting the PROTAC mechanism, continuing to deepen its AI strategic layout [1] - Dongyao Pharmaceutical-B (01875) received a cash offer from WuXi AppTec (02268) at a premium of approximately 99%, with resumption of trading on January 15 [1] - Valiant Pharmaceuticals-B (09887) received Fast Track designation from the US FDA for its bispecific antibody, Opalizumab (LBL-024) [1] - Xunqi (03317) entered into a strategic cooperation framework agreement with Jinyong Investment to support digital transformation in investment research, trading, and risk management [1] Operating Performance - CITIC Securities (06030) reported a net profit attributable to shareholders of 30.051 billion yuan for 2025, an increase of 38.46% year-on-year [1] - CITIC Bank (00998) reported a net profit attributable to shareholders of 70.618 billion yuan for 2025, a year-on-year increase of 2.98% [1] - China General Nuclear Power New Energy (01811) completed a cumulative power generation of 19,000 GWh in 2025, a decrease of 0.8% year-on-year [1] - Yuexiu Property (00123) reported a cumulative contract sales amount of approximately 106.21 billion yuan for 2025 [1] - WuXi AppTec (02268) issued a profit warning, expecting a net profit growth of over 38% year-on-year for 2025 [1] - Jinyu Group (02009) issued a profit warning, anticipating a net loss attributable to shareholders of 900 million to 1.2 billion yuan for 2025 [1] - Saijing Technology (00580) issued a profit alert, expecting a net profit increase of approximately 30.0% for 2025 [1] - Beijing Beichen Industrial Co., Ltd. (00588) issued a profit warning, expecting a net loss attributable to shareholders of 2.696 billion to 3.38 billion yuan for 2025 [1]

Company News - CITIC Securities (06030.HK) reported a revenue of RMB 74.83 billion for the fiscal year 2025, representing a year-on-year increase of 28.75%, and a net profit of RMB 30.05 billion, up 38.46% year-on-year [2] - CITIC Bank (00998.HK) announced a total revenue of RMB 212.48 billion for 2025, a slight decrease of 0.55% year-on-year, while net profit increased by 2.98% to RMB 70.62 billion [2] - Beijing North Star Industrial (00588.HK) expects to continue reporting losses for the fiscal year ending December 31, 2025 [3] - Yuexiu Property (00123.HK) reported a cumulative contract sales amount of approximately RMB 106.21 billion for 2025, a decline of about 7.3% year-on-year, achieving 88.1% of its sales target [3] - Jiao Ge Peng You Holdings (01450.HK) achieved a total GMV of approximately RMB 6.49 billion in Q4 2025, a year-on-year increase of about 4.34%, with a cumulative GMV of RMB 16.02 billion for the year, up 6.23% [3] - Sai Jing Technology (00580.HK) anticipates a revenue of approximately RMB 2.25 billion for 2025, reflecting a year-on-year increase of about 40% due to increased revenue from flexible transmission business [3] - China General Nuclear Power New Energy (01811.HK) reported a cumulative power generation of 19,000 GWh for 2025, a decrease of 0.8% year-on-year, with variations in different energy sources [3] - Morning News Technology (02000.HK) reported an unaudited revenue of HKD 397 million for 2025, a decrease of 7.4% year-on-year [3] Financing and Buyback Activities - Chow Tai Fook Enterprises (00659.HK) applied for the registration of debt financing instruments totaling no more than RMB 5 billion [7] - Tencent Holdings (00700.HK) repurchased 1.006 million shares at a cost of approximately HKD 636 million, with repurchase prices ranging from HKD 626 to HKD 638 [7] - Xiaomi Group-W (01810.HK) repurchased 4 million shares for approximately HKD 151 million, with repurchase prices between HKD 37.61 and HKD 42.50 [7] Research and Development - Hutchison China MediTech (00013.HK) announced the publication of SACHI III study results in The Lancet [4] - Laka Pharmaceuticals-B (02105.HK) had its clinical trial application for the new drug LAE118 accepted by the U.S. FDA [5] Other News - Yuanxu Technology (08637.HK) announced a short suspension of trading starting January 14, pending the release of insider information [6] - Haidilao (06862.HK) redeemed USD 600 million of its 2.150% notes due in 2026 [2]

Core Viewpoint - Yuexiu Property Company Limited reported a significant decline in contract sales for December 2025 and the entire year, indicating challenges in the real estate market [2] Group 1: Sales Performance - In December 2025, the company achieved contract sales amounting to approximately RMB 8.996 billion, representing a year-on-year decrease of about 33.4% [2] - For the full year 2025, the total contract sales reached approximately RMB 106.21 billion, down by 7.3% compared to the previous year [2] - The total sales area for the year was approximately 2.9525 million square meters, reflecting a year-on-year decline of 24.7% [2] Group 2: Sales Target Achievement - The cumulative contract sales amount accounted for 88.1% of the company's sales target of RMB 120.5 billion for 2025 [2]

Group 1 - The core point of the article is that Yuexiu Property disclosed its unaudited sales report for December 2025, indicating a significant decline in both contract sales amount and area sold compared to the previous year [1] Group 2 - In December 2025, Yuexiu Property achieved a contract sales amount of approximately 8.996 billion yuan, representing a year-on-year decrease of about 33.4% [1] - The total contract sales area for December 2025 was approximately 447,600 square meters, which is a year-on-year decline of about 8.5% [1]

Core Viewpoint - Yuexiu Property (00123.HK) reported a total contract sales amount of approximately RMB 89.96 billion for December 2025, with a contract sales area of about 447,600 square meters [1] Group 1: Sales Performance - For the entire year of 2025, the company achieved cumulative contract sales of approximately RMB 1,062.1 billion, covering a total sales area of about 2,952,500 square meters [1] - The cumulative contract sales amount represents 88.1% of the company's contract sales target of RMB 1,205 billion for 2025 [1]

Group 1 - The company achieved a contract sales amount of approximately RMB 8.996 billion in December 2025, with a contract sales area of about 447,600 square meters [1] - For the entire year of 2025, the cumulative contract sales amount reached approximately RMB 106.21 billion, covering a total sales area of around 2.9525 million square meters [1] - The cumulative contract sales amount accounted for 88.1% of the company's contract sales target of RMB 120.5 billion for 2025 [1] Group 2 - The company did not acquire any new land reserves in December 2025 [1]