YUEXIU PROPERTY(00123)

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上半年北上广热销“霸榜”、手持现金446.4亿,国际评级机构看好越秀地产
Xin Lang Cai Jing· 2025-08-26 12:13
Core Viewpoint - Yuexiu Property has demonstrated strong performance in a challenging real estate market, achieving significant revenue growth and maintaining a solid financial position amidst industry-wide declines [1][6]. Financial Performance - For the first half of 2025, Yuexiu Property reported revenue of 47.57 billion yuan, a year-on-year increase of 34.6% [1]. - The core net profit was 1.52 billion yuan, and the net profit attributable to shareholders was 1.37 billion yuan [1]. - Contract sales reached 61.5 billion yuan, reflecting an 11% increase year-on-year, positioning the company as the 8th largest in the industry [1][3]. Market Position - Yuexiu Property achieved a contract sales figure of 61.5 billion yuan in the first half of 2025, making it one of only three companies in the top 10 to report positive growth [3]. - The company’s sales in core first-tier cities accounted for 80.5% of total sales, with significant contributions from Beijing, Guangzhou, and Shanghai [4]. Strategic Investments - The company has focused on acquiring land in first and strong second-tier cities, with 94% of its total land reserves located in these areas [3][5]. - In the first half of 2025, Yuexiu Property added approximately 1.48 million square meters of land reserves, with 68% located in first-tier cities [3]. Product Development - The company has enhanced its product offerings, focusing on high-end improvement products, which has led to a significant increase in average selling prices from 29,500 yuan per square meter to 42,100 yuan per square meter [5]. Financial Health - As of June 30, 2025, Yuexiu Property maintained a debt-to-asset ratio of 64.6% and a net gearing ratio of 53.2%, with cash reserves covering short-term debt by 1.7 times [6]. - The company achieved a net cash inflow from operating activities of 4.1 billion yuan in the first half of 2025, indicating strong cash generation capabilities [6]. Ratings and Future Outlook - Yuexiu Property received an investment-grade rating from S&P, with a stable outlook, highlighting its solid government backing and concentrated land reserves in high-energy cities [7]. - The company aims to continue its growth trajectory by focusing on core cities and enhancing management efficiency, with a commitment to delivering value to shareholders [8].
越秀地产:保持优势必须要有好产品、好服务、好品牌和好团队
Sou Hu Cai Jing· 2025-08-26 11:53
越秀在今年3月27号在上海也召开了新产品发布会,各项满意度每年有1~2个点的上涨,得到客户的认可。 此外,我们还把精益管理的理念,纳入精益管理小组,这是一个重要的管理抓手,从目前看公司的项目增效取得比较好的效果。 管理层表示,市场进入了供大于求的时期,竞争可能更激烈,在这样的情况下,保持优势必须要有好产品、好服务、好品牌和好团队。 越秀的研发中心超过1万方的面积,这个已经投入使用,为好产品提供了非常强大的保障,好产品以客户为中心,越秀加大对客户的研究,形成一系列和产 品体系。 乐居财经 张林霞8月26日,越秀地产(00123)举行2025年中期业绩会,越秀地产董事长及执行董事林昭远、副董事长及执行董事朱辉松、联席总经理及执行董 事江国雄、财务总监曾志钊等管理层出席会议。 越秀地产董事长及执行董事林昭远(左二)、越秀地产副董事长及执行董事朱辉松(右二)、越秀地产联席总经理及执行董事江国雄(左一)、越秀次产财 务总监曾志钊(右二) ...
手持现金446.4亿!越秀地产:有信心完成全年销售目标
Nan Fang Du Shi Bao· 2025-08-26 11:51
Core Insights - Yuexiu Property reported a revenue of 47.57 billion yuan for the first half of 2025, marking a 34.6% year-on-year increase and achieving seven consecutive years of revenue growth [2] - The company achieved a core net profit of 1.52 billion yuan and a net profit attributable to shareholders of 1.37 billion yuan [2] - The company aims to meet its annual sales target of 120.5 billion yuan, supported by new supply of 235.4 billion yuan, primarily in first and second-tier cities [2] Sales Performance - Yuexiu Property's contract sales reached 61.5 billion yuan in the first half of 2025, reflecting an 11% year-on-year growth, positioning it as one of the three companies in the top 10 of the industry with positive growth [3] - The company ranked 8th in industry sales, with 80.5% of sales coming from core first-tier cities, totaling 49.5 billion yuan [3] - In Beijing, contract sales surged to 19.72 billion yuan, a significant increase of 255.1%, making it the top company in market share for the city [3] - The average selling price rose from 29,500 yuan per square meter in mid-2024 to 42,100 yuan per square meter, a 42.7% increase year-on-year [3] Land Acquisition and Investment Strategy - In the first half of 2025, the company added approximately 1.48 million square meters of land reserves, with 68% located in first-tier cities [3] - The total land reserve reached 20.43 million square meters, with 94% in first and second-tier cities [3] - The company plans to invest 30 billion yuan this year, focusing on high-quality projects with quick cash flow and high return certainty [4] Financial Health - Yuexiu Property maintained a positive cash flow cycle, with a debt-to-asset ratio of 64.6% and a net gearing ratio of 53.2% as of June 30, 2025 [5] - The company had 44.64 billion yuan in cash, covering short-term debt by 1.7 times, and achieved a net cash inflow of 4.1 billion yuan from operating activities [5] - The average borrowing cost decreased to 3.16%, with the interest rate falling below 3% for the first time [5] Ratings and Other Business Segments - Standard & Poor's assigned an investment-grade rating to Yuexiu Property, with a stable outlook, making it the only local state-owned enterprise in the industry to achieve this rating [6] - The company’s commercial, service, and healthcare segments also showed growth, with revenue from Yuexiu REIT at 966 million yuan and property management revenue at 1.962 billion yuan [6] - The occupancy rate for Yuexiu's healthcare projects increased to 74%, with 7,762 beds and 24 integrated medical and nursing projects [6]
越秀地产收入增三成至475.7亿、归母净利降25%,管理层称有信心完成全年1205亿销售目标
Sou Hu Cai Jing· 2025-08-26 10:49
Core Viewpoint - Yuexiu Property's mid-year financial report for 2025 shows strong revenue growth but a decline in net profit, indicating a mixed performance in a challenging real estate market [1][2]. Financial Performance - The company achieved revenue of 47.57 billion yuan in the first half of the year, a year-on-year increase of 34.6% [1] - Gross profit recorded was 5.06 billion yuan, up 4.4% year-on-year [1] - Net profit attributable to shareholders was 1.37 billion yuan, down 25.2% compared to the previous year [1] - Gross margin stood at 10.6%, a decrease of 3.1 percentage points year-on-year [1] Sales Performance - Contract sales amounted to 61.5 billion yuan, representing an 11% year-on-year growth, achieving 51% of the annual sales target of 120.5 billion yuan [1] - Yuexiu Property is one of the three companies among the top 10 real estate firms with positive growth, ranking 8th in sales [1] - Sales from first-tier cities accounted for 80.5% of total contract sales, with Beijing contributing 19.72 billion yuan, Shanghai 14.49 billion yuan, and Guangzhou 15.76 billion yuan [1] Land Acquisition Strategy - The company has a total land reserve of 20.43 million square meters, with 94% located in core first and second-tier cities [3] - In the first half of the year, total equity investment reached 10.96 billion yuan, acquiring 13 new land parcels with a total area of approximately 1.48 million square meters, 68% of which are in first-tier cities [2][3] - The management emphasizes a strategy of acquiring smaller projects in urban areas for quicker investment returns, adopting a "guerrilla warfare" approach to land acquisition [3] Future Outlook - The company is confident in achieving its annual sales target of 120.5 billion yuan, supported by a strong pipeline of projects in key cities [2] - The management plans to enhance inventory turnover and sales price management in the second half of the year [1] - There is a focus on precise investment strategies and optimizing land structure to ensure high cash flow and investment returns [3]
核心城市销售优异 越秀地产2025中期营收同比增长34.6%
Guan Cha Zhe Wang· 2025-08-26 09:41
Core Viewpoint - Yuexiu Property's 2025 interim performance report shows significant revenue growth and stable profit distribution, indicating a strong market position and effective strategy in high-demand urban areas [1][2] Group 1: Financial Performance - Total revenue for the first half of 2025 reached 47.57 billion RMB, a year-on-year increase of 34.6%, marking seven consecutive years of revenue growth [1] - Core net profit and net profit attributable to shareholders were 1.52 billion RMB and 1.37 billion RMB, respectively [1] - The company maintained a stable dividend payout ratio for 14 consecutive years, with a mid-year payout ratio of 40% and a dividend of 0.151 RMB per share [1] Group 2: Sales Performance - Contract sales for the first half of 2025 amounted to 61.5 billion RMB, representing an 11% year-on-year growth, positioning the company as one of the few in the top 10 real estate firms with positive growth [1] - The company ranked 8th in industry sales, with over 80% of sales coming from first-tier cities, which are key drivers of revenue growth [1] - Notable sales included 15.2 billion RMB from projects in Beijing and 2.3 billion RMB from a project in Shanghai, with high sales rates in Guangzhou [1] Group 3: Strategic Focus - The company's long-term strategy of focusing on high-capacity cities is yielding results, with strong purchasing power and stable demand in core urban areas [2] - High-quality projects that combine good products and locations are meeting market demands, optimizing revenue structure, and supporting high-quality growth [2] - In addition to core real estate, the company is expanding its commercial, service, and healthcare sectors, contributing to stable revenue growth [2]
越秀地产发布2025年中期业绩,上半年实现合同销售额615亿元
Xin Lang Cai Jing· 2025-08-26 09:39
8月26日,越秀地产发布2025年中期业绩报告。报告期内,越秀地产实现475.7亿元营收,比去年同期增 长34.6%;归母净利润录得13.7亿元,同比下降25.2%;同时连续14年保持稳定派息率,2025年中期派息 率为40%,中期每股派0.151元。销售方面,越秀地产上半年实现合同销售额615亿元,同比增长11%, 完成全年销售目标1205亿元的51%。 ...
越秀地产上半年权益持有人应占盈利13.7亿元
Bei Jing Shang Bao· 2025-08-26 09:20
北京商报讯(记者 王寅浩 李晗)8月26日,越秀地产发布2025年半年度业绩报告。报告显示,1—6月越 秀地产实现营业收入约475.7亿元,同比上升34.6%;权益持有人应占盈利13.7亿元;核心净利润15.2亿 元;经营业务所得的现金净额41.02亿元。 ...
越秀地产(00123) - 海外监管公告
2025-08-26 09:18
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,概不就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之任何損失承擔任 何責任。 (在香港註冊成立的有限公司) (股份代號:00123) 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 承董事會命 越秀地產股份有限公司 余達峯 公司秘書 香港,二○二五年八月二十六日 於本公告刊發日期,董事會成員包括: 執行董事: 林昭遠(董事長)、朱輝松、江國雄、賀玉平、陳靜及劉艷 非執行董事: 張貽兵及蘇俊杰 獨立非執行董事: 余立發、李家麟、劉漢銓及張建生 债券代码:137826 债券简称:22 穗建 09 广州市城市建设开发有限公司 关于行使"22穗建09"公司债券发行人赎回选择权暨 放弃行使"22穗建09"公司债券发行人调整票面利率 选择权的公告 1、发行人有权在本期债券存续期间的第___3___年末调整本期债券后续计息 期间的票面利率。 2、发行人决定行使票面利率调整选择权的,自票面利率调整生效日起,本 期债券的票面利率按照以下方式确定:调整后的票 ...
越秀地产2025年上半年新增土储【148】万平方米,均位于一二线核心城市
Zhong Jin Zai Xian· 2025-08-26 09:07
在当前房地产市场城市分化日益显著的背景下,一二线城市以其突出的经济韧性、持续的人口集聚效应 和稳定的住房需求,正成为房企新一轮竞争的战略要地。 8月26日,越秀地产(00123.hk)发布了2025年中期业绩。报告数据显示,截至2025年6月30日,越秀地产 总土地储备达【2,043】万平方米,一二线核心城市占比达【94】%,其中半壁江山位于一线城市,上 海、北京资源占比逐年提升。 越秀地产全国核心城市战略深耕成效显著,2025年上半年在广州、北京、上海、杭州等核心城市获取多 幅高质量土储,新增土储面积约【148】万平方米,全部位于一二线核心城市,其中【68】%位于一线 城市。此外,越秀地产2025年上半年权益投资总额达【109.6】亿元,其中【92】%的资金精准投向北 京、上海、广州、杭州等一二线核心城市优质地块。 8月25日授予越秀地产"BBB-"投资级评级的国际评级机构标普在其报告中指出,越秀在高能级城市的土 地储备支撑了其在行业低迷期的销售,精准投资有效落地,驱动业绩增长。2025年上半年,越秀地产销 售业绩实现合同销售额达615亿元,同比增长11%;一线城市销售占比高达【80.5】%,销售排名稳居行 ...
越秀地产中期业绩快报:营收同比增长34.6%,连续七年高质量稳增长
Ge Long Hui· 2025-08-26 08:51
Core Viewpoint - Yuexiu Property's 2025 interim performance report shows significant revenue growth and stable profit distribution, indicating a strong market position and effective strategy in high-capacity cities [1][2] Group 1: Financial Performance - Total revenue for the first half of 2025 reached 47.57 billion RMB, a year-on-year increase of 34.6%, marking seven consecutive years of revenue growth [1] - Core net profit and net profit attributable to shareholders were 1.52 billion RMB and 1.37 billion RMB, respectively [1] - The company maintained a stable dividend payout ratio for 14 years, with a mid-year payout ratio of 40% and a dividend of 0.151 RMB per share [1] Group 2: Sales Performance - Contract sales for the first half of 2025 amounted to 61.5 billion RMB, representing an 11% year-on-year growth, positioning the company as one of the only three firms in the top 10 with positive growth [1] - The company ranked 8th in industry sales, with over 80% of sales coming from first-tier cities, which are key drivers of revenue growth [1] - Notable sales included 15.2 billion RMB from projects in Beijing and 2.3 billion RMB from a project in Shanghai, with high sales rates in Guangzhou [1] Group 3: Strategic Focus - The company's long-term strategy of focusing on high-capacity cities is yielding results, with strong purchasing power and stable demand in core markets [2] - High-quality projects that align with market demand have optimized revenue structure and supported high-quality growth [2] - In addition to core real estate, commercial, service, and healthcare sectors are contributing to revenue stability, with property management revenue at 966 million RMB and service revenue at 1.962 billion RMB [2]