YUEXIU PROPERTY(00123)

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港股内房股震荡上升
Di Yi Cai Jing· 2025-08-25 06:47
(本文来自第一财经) 万科企业涨超12%,远洋集团、融创中国涨超8%,新城发展控股、龙湖集团均涨超6%,越秀地产等跟 涨。 ...
冲破评级下调潮,越秀地产成近一年来首个获标普投资级房企
Xin Jing Bao· 2025-08-25 06:18
国际评级机构接连看好 释放行业积极信号 2022年起,因融资收紧与销售不佳,多家房企陷入流动性危机,国际评级机构纷纷看空中资房企,并接 连下调评级。如今,伴随市场逐步回稳,国际评级机构对中资房企态度转向,继2024年年中上调中海评 级后,标普近日又看好越秀地产。 一位券商分析师表示:"标普、惠誉等国际评级机构对房企评级,部分因素会考量行业整体环境,房地 产行业预期改善也会带动房企评级上行。" 自"好房子"等政策推动市场回稳后,李强总理近日在国务院全体会议上强调将采取有力措施,通过供需 协同发力释放需求,以巩固态势并激活市场。这强化了政策托底预期。 国际评级机构对中国房地产行业释放出积极信号。 8月25日,国际三大评级机构之一的标普发布报告,授予越秀地产(00123.HK)投资级评级,评级展望为 稳定。与此同时,标普授予公司的长期发行人信用评级为"BBB-"。至此,越秀地产成为行业内唯一获 得标普投资级评级的地方国企。 标普在评级报告中强调,越秀地产获得该评级主要得益于其强大的政府与越秀集团支持背景、高度集中 于高能级城市的土地储备以及多元顺畅的融资渠道。越秀地产作为越秀集团的核心企业,同时获得广州 市政府对维 ...
《越秀地产 (00123.HK) 获国际标普投资级评级,展望“稳定”》
Zhong Jin Zai Xian· 2025-08-25 06:02
Core Viewpoint - S&P has assigned a "BBB-" investment-grade credit rating with a stable outlook to Yuexiu Property, marking the first positive investment-grade rating for a Chinese real estate company since mid-2024, indicating a return of confidence in the Chinese real estate market [1] Group 1: Credit Rating and Market Confidence - S&P's report highlights Yuexiu Property's focus on first-tier and strong second-tier cities, which contributes to its positive market reputation [1] - The company's land reserves are highly concentrated in economically resilient cities, providing a solid foundation for future performance [1] - The strategic importance placed on Yuexiu Property by its parent group and expected government policy support are seen as crucial for its business development [1] Group 2: Sales Performance and Market Trends - In the first half of the year, Yuexiu Property reported strong performance, with July's contract sales reaching 6.006 billion yuan, a year-on-year increase of 19.5% [2] - Cumulative contract sales for the first seven months amounted to approximately 67.506 billion yuan, reflecting an 11.7% year-on-year growth, ranking second among the top 10 real estate companies [2] - The launch of high-quality projects has led to impressive sales, with notable performances in Beijing, Shanghai, and Guangzhou, significantly boosting the company's overall sales rate [2] Group 3: Policy Support and Future Outlook - Premier Li Qiang emphasized the need for "strong measures" to stabilize the real estate market, which is expected to support Yuexiu Property's continued growth in the second half of the year [2] - Analysts predict that with the gradual release of policies, Yuexiu Property is likely to achieve its annual sales targets [2] - Several brokerage firms, including Credit Lyonnais and GF Securities, maintain a "buy" rating on Yuexiu Property, with Credit Lyonnais raising its target price to 5.1 HKD [2]
标普授予投资级评级、里昂上调目标价 资本市场一致看多越秀地产(00123)
智通财经网· 2025-08-25 05:35
根据最新公告,越秀地产在今年上半年实现强劲业绩增长。7月单月,公司实现合同销售额60.06亿元, 同比上升19.5%;前7个月累计合同销售额约675.06亿元,同比增长11.7%,增速位列TOP10房企第二。 越秀地产今年推出的高品质项目销售表现尤为突出,北京海淀的和樾望云、和樾玉鸣两大项目开盘劲销 152亿元,刷新当地市场记录;上海静安天玥项目开盘即售罄,销售额达23亿元;广州大本营的"广府系"产 品如珑悦西关、熙悦江湾等项目持续热销,先锋产品系代表东山云起开盘去化率近九成。多地"好房 子"有效推动公司整体去化率提升。 智通财经APP获悉,8月25日,国际信用评级机构标普授予越秀地产(00123)长期发行人"BBB-"投资级信 用评级,展望稳定。这是自2024年年中以来,标普首次对中资房企授予投资级正面评级。值得注意的 是,此前6月惠誉上调了越秀地产评级展望至"稳定"。业内普遍认为,这释放出国际资本市场对中国房 地产行业信心回归的积极信号。 标普在报告中指出,越秀地产持续深耕一线及强二线城市,拥有良好的市场口碑。同时,其土地储备高 度集中于高能级城市,这类城市经济韧性更强、需求更稳定,为公司未来业绩提供了坚 ...
港股内房股拉升:融创中国涨超8%,龙湖集团均涨超6%
Ge Long Hui A P P· 2025-08-25 02:30
格隆汇8月25日|港股内房股震荡上升,万科企业涨超12%,远洋集团、融创中国涨超8%,新城发展控 股、龙湖集团均涨超6%,越秀地产等跟涨。 消息面上,央行第二季度中国货币政策执行报告指出,下一阶段要持续巩固房地产市场稳定态势,完善 房地产金融基础性制度,助力构建房地产发展新模式。 ...
房地产开发:2025W34:LPR报价持平,本周二手房成交同比+9.5%
GOLDEN SUN SECURITIES· 2025-08-24 08:42
Investment Rating - The report maintains an "Overweight" rating for the real estate industry [3][5]. Core Viewpoints - The report emphasizes that the current policy environment is being driven by fundamental pressures, suggesting that the policy response may exceed the levels seen in 2008 and 2014, and is still evolving [3]. - Real estate is identified as an early-cycle indicator, serving as a barometer for economic trends, making it a strategic investment focus [3]. - The competitive landscape within the industry is improving, with leading state-owned enterprises and select mixed-ownership and private firms performing well in land acquisition and sales [3]. - The report continues to favor investment in first-tier cities and two-thirds of second-tier cities, as this combination has shown better performance during sales rebounds [3]. - Supply-side policies, including land storage and management of idle land, are highlighted as critical areas to monitor, with first and second-tier cities expected to benefit more from these changes [3]. Summary by Sections Real Estate Development - The 5-year LPR remains stable at 3.5% as of August, with the 1-year LPR at 3.0% [10]. - The real estate index saw a cumulative change of 0.5%, lagging behind the CSI 300 index by 3.68 percentage points, ranking last among 31 sectors [13]. - New home sales in 30 cities totaled 1.57 million square meters, a 16.7% increase month-on-month but a 16.1% decrease year-on-year [20]. - Year-to-date, new home sales in the same 30 cities are down 2.1% year-on-year, with first-tier cities showing a 2.4% increase [25]. Secondary Housing - Secondary home sales in 14 sample cities reached 1.915 million square meters, reflecting a 6.4% month-on-month increase and a 9.5% year-on-year increase [30]. - Cumulative secondary home sales for the year are 6.8677 million square meters, up 16.7% year-on-year [30]. Credit Bonds - In the week of August 18-24, 18 credit bonds were issued by real estate companies, totaling 15.282 billion yuan, an increase of 6.921 billion yuan from the previous week [39]. - The net financing amount was 3.378 billion yuan, reflecting a significant increase [39].
《高质量发展下的ESG》—观察者网2025ESG典范企业榜单正式发布
Guan Cha Zhe Wang· 2025-08-22 09:06
当今世界,可持续发展已成为全球共识,而中国正以高质量发展为引领,探索一条具有中国特色的ESG实践之路。观察者网始终秉持"全球视野,中国关 怀"的立场,既关注国际可持续发展趋势,更重视本土化实践创新。 一个优秀的企业,他不仅仅是在生产、经营等企业活动中做到了行业的典范。同时他还担负起了应有的社会责任,或环境、或社会、或企业治理,你所关 注的每一个正义事业,都是优秀企业积极推动人类社会文明向前价值所在。而这也是观察者网的价值观所在,我们关注优秀的企业,并致力同优秀企业共 同成长。同时我们也高度关注后发企业,积极出谋划策,为后发企业变得更强贡献己所能及的力量。 观察者网自去年成功发起首届 "《高质量发展下的ESG》—2024 ESG典范企业评选榜单"评选后,获得了产业界、学术界以及企业伙伴的广泛关注与积极 反响。首届评选不仅成功挖掘出一批将ESG理念深度融入公司战略、引领行业绿色变革的标杆企业,也为公众理解ESG在中国本土实践中的内涵提供了重 要视角,推动了ESG从"概念"走向"行动"的共识。 承继首届成功经验,历经数月的筹备与评审,观察者网今日正式发布《2025观察者网ESG"典范企业"评选榜单》。本届评选在标准 ...
2024年业绩概览及“十五五”规划下房地产行业展望
EY· 2025-08-20 05:56
Investment Rating - The report does not explicitly state an investment rating for the real estate industry in 2024 Core Insights - The average revenue of the top 30 listed real estate companies in China is projected to decline by approximately 13.83% in 2024, totaling around RMB 2.77 trillion [9] - The average gross margin for these companies is expected to decrease to about 14.42%, down by 1.86% from the previous year [13] - The average net profit margin is projected to be around -10.81%, reflecting a significant decline of 12.45% compared to the previous year [16] - The average return on equity is expected to drop to approximately -20.75%, a decrease of 16.44% from 2023 [59] Summary by Sections 1. Revenue Overview - The total revenue for the top 30 listed real estate companies in 2024 is estimated at RMB 2.77 trillion, a decline of 13.83% year-on-year [9] - Financial Street leads the revenue growth with an increase of 51.74%, reaching RMB 190.75 billion [8] - 20 companies experienced revenue declines, with Midea Real Estate facing the largest drop at 94.94% [9] 2. Gross Margin Overview - The average gross margin for the top 30 companies is projected to be 14.42%, down 1.86% from the previous year [13] - Midea Real Estate shows the highest increase in gross margin at approximately 24.21% [14] - 23 companies reported a decline in gross margin, with Jinhui experiencing the largest drop of 30.80% [13] 3. Net Profit Overview - The average net profit for the top 30 companies is expected to be a loss of RMB 11.65 billion, a decline of 62.09 billion from a profit of RMB 50.44 billion in 2023 [23] - China Resources leads in net profit with RMB 336.78 billion, although this represents a 9.72% decrease from the previous year [24] - Over 70% of companies reported a decline in net profit, with Vanke transitioning from a profit of RMB 204.56 billion to a loss of approximately RMB 487.04 billion [23] 4. Inventory Overview - The total inventory for the top 30 companies is projected to be approximately RMB 60.85 billion, a decrease of 13.58% year-on-year [33] - Only one company, Ruian, reported an increase in inventory, with a growth of 16.03% [33] - Midea Real Estate experienced the largest inventory decline at 99.11% [33] 5. Liquidity Ratios - The average current ratio for the top 30 companies is expected to be 152.86%, a slight increase of 0.15% from the previous year [42] - 16 companies reported a decline in their current ratios, with Xinda showing the largest drop of 39.17% [42] 6. Cash Short-term Debt Ratio - The average cash short-term debt ratio is projected to be 1.52, a decrease of 0.11 from the previous year [54] - Ocean Group has the lowest cash short-term debt ratio at 0.01, while Binhai has the highest at 5.53 [54] 7. Return on Equity Overview - The average return on equity is expected to be -20.75%, a decline of 16.44% from 2023 [59] - Only two companies, Jinmao and New Town, are expected to report positive returns on equity [59]
北京百亿地王,网传草图太神准了
Sou Hu Cai Jing· 2025-08-20 02:06
Core Insights - The article discusses the recent public announcement of the design plan for the Zijing Chenyuan project in Beijing's Chaoyang District, highlighting its significance in the competitive real estate market [3][4]. Group 1: Project Overview - The Zijing Chenyuan project is part of a larger land acquisition by a consortium including China State Construction, China Jinmao, and Yuexiu Real Estate, with a total investment of 12.6 billion yuan [3]. - The project covers an area of 5.43 hectares with a total above-ground construction area of 141,400 square meters, featuring 15 buildings ranging from 7 to 25 floors, totaling 815 units [17]. Group 2: Design and Layout - The design plan reveals key features such as a complete entrance, clubhouse, and central landscape system, with a two-entry gate structure [8][10]. - The project includes a north-south oriented street designed in an S-shape, which, while occupying more land, enhances the aesthetic appeal and serves as a fire rescue area [11]. Group 3: Unit Specifications - The average unit size is approximately 172 square meters, with expected prices around 100,000 yuan per square meter [17]. - The unit distribution includes various sizes, with 288 units of 166 square meters and 126 units of 230 square meters, among others [17]. Group 4: Market Context - The article notes that the public disclosure of the design plan for Zijing Chenyuan is part of a trend where real estate projects are increasingly revealing their plans ahead of official announcements, indicating a shift in market dynamics [22]. - The presence of high-voltage power lines near the project site is mentioned as a potential concern, although it is stated that the distance is safe for residents [20].
越秀地产:广州城建完成发行14亿元公司债券
Zhi Tong Cai Jing· 2025-08-19 10:48
Group 1 - The company, Yuexiu Property (00123), announced the completion of the issuance of corporate bonds by Guangzhou Urban Construction Development Co., Ltd. aimed at professional investors, which concluded on August 19, 2025 [1] - The first tranche of bonds had a total issuance scale of 900 million yuan with a coupon rate of 1.95% and a subscription multiple of 2.27 times [1] - The second tranche of bonds had a total issuance scale of 500 million yuan with a coupon rate of 2.50% and a subscription multiple of 1.67 times [1]