5月，河南房地产市场整体表现较为平淡，部分城市核心区域高得房率的优质新项目开盘基本可以实现较好去化，但存量老项目及较低能级城市项目仍面 临销售压力。在此背景下，河南房企在2025年1-5月的销售业绩究竟如何？一起看一下数据表现： 2025年5月全省土地市场解读 2025年1-5月，河南省共推出各类用地1014宗，规划建筑面积4840.9万平米；成交规划建筑面积2959.0万平米。其中，全省共推出住宅用地216宗，规划建 筑面积合计为1192.0万平米，成交规划建筑面积890.7万平米。 分城市来看，4月共14个城市有住宅用地成交，成交规模（按规划建筑面积计算）前三城市中，驻马店市共成交4宗住宅用地，规划建筑面积合计24.99万 平米，成交规模位居全省第一；其次是新乡市，成交7宗住宅用地，规划建筑面积合计24.70万平米；郑州市位列第三，成交2宗住宅用地，规划建筑面积 合计23.21万平米。成交楼面均价方面，洛阳市以5389元/㎡的价格位居全省首位；郑州市以3323元/㎡位居第二；新乡市以2319元/㎡位居第三。 | 12 | 常绿集团 | 7.83 Je 12 | | 中建七局地产集团 | 6.96 | | ...

Major Events - JiuTai Rural Commercial Bank (06122) plans to sell 78.51% stake in HuanShan HuiMin Village Bank for 40.4 million yuan [1] - Vanke Enterprises (02202) intends to receive a loan of up to 3 billion yuan from its major shareholder, Shenzhen Metro Group [1] - China Gas Holdings (08246) signed a memorandum of understanding with the Lao Ministry of Industry and Commerce to explore cooperation in developing fuel and natural gas supply networks in Laos [1] - Miniso Group (09896) is conducting a preliminary assessment on the potential spin-off listing of its trendy toy business operated under the "TOP TOY" brand [1] - Baiyunshan Pharmaceutical (00874) subsidiary received approval from the National Medical Products Administration for the drug registration certificate of Tadalafil tablets (2.5mg, 5mg) [1] - Huaxing Capital Holdings (01911) portfolio company Circle successfully listed on the New York Stock Exchange, marking the first IPO milestone in the global stablecoin sector [1] - China National Nuclear Corporation (01763) plans to initiate its first irradiation station cooperation project in Peru [1] Operating Performance - Yuexiu Property (00123) reported a cumulative contract sales amount of approximately 50.7 billion yuan in the first five months, an increase of about 26.5% year-on-year [1] - China Overseas Land & Investment (00688) recorded a cumulative property sales amount of approximately 90.4 billion yuan in the first five months, a decrease of 11.1% year-on-year [1] - Shimao Group (00813) reported a cumulative contract sales total of 11.2 billion yuan in the first five months, a decrease of 18.71% year-on-year [1] - Zhongliang Holdings (02772) achieved a cumulative contract sales amount of approximately 5.37 billion yuan in the first five months, a decrease of 33.38% year-on-year [1] - GAC Group (02238) experienced a year-on-year decline in May's automobile production by 8.16% and a sales drop of 24.80% [1] - Poly Property Group (00119) achieved a contract sales amount of approximately 21.8 billion yuan in the first five months, an increase of 3.81% year-on-year [1] - New天绿色能源 (00956) completed a power generation volume of approximately 7.29 million megawatt-hours in the first five months, an increase of 10.86% year-on-year [1]

Core Viewpoint - The recent land auction in Beijing's Changping District attracted multiple companies, resulting in a total revenue of 13.06 billion yuan, with a consortium led by Yuexiu and Future Science City acquiring a key plot for 2.395 billion yuan [1][4]. Group 1: Land Auction Details - Four plots were auctioned in Beijing, specifically in Haidian, Shijingshan, and Changping districts, with a total revenue of 13.06 billion yuan [1]. - The acquired plot, located in the Changping District's Zhongguancun Life Science Park, has a total area of 30,700 square meters and a planned construction area of 79,900 square meters, with a starting price of 2.395 billion yuan [2]. - The consortium's floor price translates to 29,977 yuan per square meter [4]. Group 2: Strategic Importance of the Acquired Land - The land's value is enhanced by its proximity to the Changping Line subway station and the planned Life Valley Station of the 19th subway line, expected to be completed by 2027, which will improve transportation efficiency [3]. - The area is designated as a "technology park integrating basic research, achievement transformation, supporting services, and residential functions," indicating a focus on urban integration and talent attraction [3]. Group 3: Company Involvement and Future Plans - The consortium includes companies like Yuexiu, Beijing Urban Construction, Future Science City, and Beihome, with Yuexiu already having multiple projects in the Changping area [4]. - Beihome, a new venture under Beike, aims to provide data-driven residential development services and has established regional offices in major cities, indicating a strategic expansion in the real estate market [5].

Core Viewpoint - Fitch Ratings has upgraded the rating outlook of Yuexiu Property to stable and confirmed its investment-grade rating of "BBB-", marking the first upgrade of a property company's rating outlook this year [1] Group 1: Financial Performance - Yuexiu Property has demonstrated strong sales growth in 2023, with contract sales reaching 50.7 billion, a year-on-year increase of 26.5%, achieving 42.1% of its annual sales target by May [1] - The company ranked first in Beijing with sales of 19.13 billion from January to May, with two major projects topping the residential transaction amounts in the city [1] - In its home base of Guangzhou, several projects have dominated sales rankings in April and May [1] Group 2: Market Position and Strategy - Analysts highlight that Yuexiu's advantages in investment layout and product strength have laid a solid foundation for sustained sales growth, allowing it to maintain a leading market position in first- and second-tier cities [1] - Typically, property companies see sales peak in the second half of the year, but Yuexiu has already completed nearly half of its annual sales target in the first five months, providing favorable support for achieving performance targets in the latter half of the year [1] Group 3: Future Prospects - Yuexiu has successfully acquired multiple high-quality land parcels in core first- and second-tier cities this year, which will effectively support rapid sales turnover in the future [2] - From January to May, the company secured 10 premium land plots in key cities such as Guangzhou, Beijing, Shanghai, and Hangzhou, ensuring ample quality resources for future sales [2]

越秀地产(00123.HK)：五月，本公司实现合同销售（连同合营及联营公司项目的合同销售）金额约为人 民币95.81亿元，同比下降约4.9%，实现合同销售面积约为24.46万平方米，同比下降约33.9%。 ...

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） 二○二五年五月，本公司實現合同銷售（連同合營及聯營公司項目的合同銷售）金額約為人民 幣95.81億元，同比下降約4.9%，實現合同銷售面積約為24.46萬平方米，同比下降約33.9%。 二○二五年一月至五月，本公司累計合同銷售（連同合營及聯營公司項目的合同銷售）（「累計 合同銷售」）金額約為人民幣507.00億元，同比上升約26.5%，累計合同銷售面積約為116.91 萬平方米，同比下降約16.1%。累計合同銷售金額約佔二○二五年合同銷售目標人民幣1,205 億元的42.1%。 二○二五年五月，本公司沒有新增土地儲備。 – 1 – 上述資料是未經審計及根據本公司內部資料匯總編製而成，鑒於收集和核對該等資料過程中存 在各種不確定性，該等資料與未來本公司每年或每半年刊發的經審計或未經審計的財務報表中 披露的數據可能存在差異，因此上述資料僅作為供投資者參考。投資者交易本公司證券時 ...

Core Viewpoint - The Guangzhou real estate market experienced a peak in transactions in May, with a record residential transaction area of 708,300 square meters, driven by government measures to lower mortgage rates and developers offering quality products and discounts [1] Group 1: Market Performance - The May transaction volume represents the highest monthly record for the year, indicating a recovery in market confidence [1] - The "May Day" and Dragon Boat Festival holidays contributed positively to the market performance, prompting developers to accelerate sales and promotions [1] Group 2: New Projects - Yuexiu East Mountain Cloud: A rare new project in Yuexiu District with a floor area ratio of 3.8, offering units of 99-139 square meters and featuring a six-story facility [3] - China State Construction's Baiyun Star: A high-end project in Baiyun District, emphasizing complete surrounding amenities and artistic integration in urban renewal [6] - Vanke's Eaves City: The first project in the Guangzhou South Station area with a new floor area ratio, enhancing local educational resources and ecological environment [9] - China Communications Construction's Huangpu Future City: A fourth-generation residential project featuring "sky courtyards" and a maximum usable area ratio of approximately 143% [11]

公开资料显示，两宗地块位于昌平区史各庄街道，东至生命园新贤街（福创路），南至生物医药街，西 至景创路，北至郝庄子南街，紧邻中关村生命科学园的核心区域。配套设置方面，地块临近地铁昌平线 生命科学园站，周边1.2公里有建筑面积达46万平方米、入驻品牌超过800家的北京超极合生汇商场，以 及万达广场、北大国际医院、北京一零一中学昌平实验学校等公共设施，交通便利、配套完善。 【1】海南：开展偿还异地住房公积金贷款约定提取业务 6月5日，海南省住房公积金管理局官网发布《海南省住房公积金管理局关于开展偿还异地住房公积金贷 款约定提取业务的通知（征求意见稿）》（以下简称《征求意见稿》）。 《征求意见稿》提出，缴存人家庭在外省有尚未结清的住房公积金贷款，且本年度已提取的住房公积金 总额尚未达到该笔贷款本年度还款总额度的，可向海南省住房公积金管理机构申请办理异地公积金贷款 约定提取业务。 【2】贝好家、越秀地产联合体23.95亿元竞得北京昌平两宗地块 6月5日，北京市昌平区中关村生命科学园三期及"北四村"棚户区改造和环境整治B地块项目CP01—0601 —0077、0078地块挂牌出让，总面积30729.07平方米，容积率≤2 ...

Group 1 - The Beijing land market saw increased activity with the collective sale of four plots, two of which entered live bidding while the other two were sold at the base price [1] - China State Construction and Jinju acquired the Haidian Baoshan twin plots at low premium rates, while China Overseas New Town and Yuexiu consortium secured the Xihuang Village and Changping Life Science Park plots at base prices [1] Group 2 - The Baoshan Village plots attracted five participating real estate companies, with China State Construction winning plot 0016 for 2.778 billion yuan at a premium rate of 1.76%, and Jinju winning plot 0017 for 3.364 billion yuan at a premium rate of 1.48% [17][19] - The Baoshan plots are strategically located between the fourth and fifth ring roads, near key transportation and commercial facilities, which may influence future pricing and market competition [31][32] Group 3 - The Xihuang Village plot was acquired by China Overseas New Town for 4.523 billion yuan, with a total area of 79,700 square meters and a building area of 164,600 square meters, located between the fifth and sixth ring roads [34] - The Changping Life Science Park plot was secured by a consortium including Yuexiu and Beijing Urban Construction for 2.395 billion yuan, with a land area of 30,700 square meters and a building area of 79,900 square meters [36] Group 4 - The Haidian district has accelerated its supply of residential land, with 790,500 square meters available in 2024, marking the highest supply in five years, and a significant increase in transaction volume and land sale revenue [32] - The Changping new housing market has seen strong sales, with 1,828 residential units sold this year, driven by high-quality projects and a competitive market environment [37]

Core Insights - The Beijing land market successfully sold multiple plots, generating a total revenue of 130.6 billion yuan [1] - Notable transactions include the Baoshan Village plots in Haidian, which were acquired by China State Construction and Jinyu for 27.78 billion yuan and 33.64 billion yuan respectively [1] - The Xihuang Village plot in Shijingshan was acquired by China Overseas Land for a base price of 45.23 billion yuan [1] - The Beihou Village plot in Changping was jointly acquired by a consortium including Yuexiu, Beijing Urban Construction, Future Science City, and Beike's Beihome for a base price of 23.95 billion yuan [1] Transaction Details - Haidian Baoshan Village plots had floor prices of 5.51 million yuan/sqm and 5.6 million yuan/sqm [1] - The floor price for the Shijingshan Xihuang Village plot was approximately 2.75 million yuan/sqm [1] - The Changping Beihou Village plot had a floor price of about 3 million yuan/sqm [1]