JOY CITY PROPERTY LIMITED 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的內容概不負責，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分內容 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。 董事會欣然宣佈，於2025年8月15日，發行人已完成發行本金額為人民幣1,500,000,000元 的2025年中期票據（代碼：102501548），期限為2+N年，初始期限的票面利率為2.26%（「本 次發行」）。本次發行的募集資金已全額到賬。 根據中誠信國際信用評級有限責任公司出具的信用評級報告，2025年中期票據及2025年 中期票據發行人均獲授予「AAA」信用評級。 本公司認為，本次發行乃於其日常及一般業務過程中進行，而作出本公告旨在讓投資者 知悉本公司的業務發展情況。本次發行的募集資金將用於贖回發行人於2023年8月發行的 中期票據。 — 1 — 大悅城地產有限公司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：207） 內幕消息 於中國發行中期票據 本公告乃由大悅城地產有限公司（「本公司」）根據香港聯合交易所有限公 ...

智通财经APP讯，大悦城地产(00207)公布，公司(作为借款人)与一间金融机构(作为贷款人)订立授信协 议，据此，一笔最高额度为30亿港元的贷款授信将由贷款人根据授信函的条款及条件提供予该公司，而 授信的到期日将为自首次动用日期起计364日。 ...

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的內容概不負責，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。 JOY CITY PROPERTY LIMITED 大悅城地產有限公司 於本公告日期，中糧集團為本公司的單一最大及控股股東。 — 1 — 根據上市規則第13.21條的規定，只要上述責任繼續存在，本公司將於其後的中期報告及 年報中作出持續披露。 承董事會命 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：207） 根據上市規則第13.18條作出披露 本公司根據上市規則第13.18條作出本公告，內容有關本公司（作為借款人）與一間金融 機構（作為貸款人）就最高額度為3,000,000,000港元的承諾性貸款授信訂立的授信協議。 授信協議規定（其中包括）本公司控股股東中糧集團有限公司須履行特定履約責任。 本公告乃由大悅城地產有限公司（「本公司」）根據香港聯合交易所有限公司證券上市規則（「上 市規則」）第13.18條作出。 本公司（作為借款人）與一間金融機構（作為貸款人）（「貸款人」）訂立 ...

格隆汇8月14日丨大悦城地产(00207.HK)公布，公司将于2025年8月28日召开董事会会议，以（其中包 括）审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议 （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的內容概不負責，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。 JOY CITY PROPERTY LIMITED 大悅城地產有限公司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：207） 董事會會議召開日期 大悅城地產有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於2025年8月28日 （星期四）舉行董事會會議，藉以（其中包括）批准本公司及其附屬公司截至2025年6月30日 止6個月之中期業績及其發佈，以及考慮派發中期股息（如有）。 承董事會命 大悅城地產有限公司 董事長 姚長林 中國，2025年8月14日 於本公告日期，董事會成員包括董事長兼執行董事姚長林先生；非執行董事陳朗先生、 張鴻飛先生、董保芸女士、張明睿先生及吳立鵬先生；以及獨立非執行董事 劉漢銓先生 金紫荊星章 、 太平紳士 、林建明先生及陳帆城先生。 ...

Investment Rating - The investment rating for the real estate industry is "Positive" (maintained) [4][5][59] Core Viewpoints - The report emphasizes the importance of implementing the spirit of the Central Urban Work Conference and conducting high-quality urban renewal [3][47] - The report highlights that since September 2024, the central government's clear requirement has been to stabilize the real estate and stock markets, which is crucial for boosting social expectations and facilitating domestic demand circulation [5][50] Market Performance - The Shanghai Composite Index fell by 0.9%, the Shenzhen Component Index by 1.6%, the ChiNext Index by 0.7%, and the CSI 300 Index by 1.8%, while the real estate sector (Shenwan) dropped by 3.4% [5][8] - In terms of individual stocks, the top five gainers were Zhujiang Co. (+13.5%), Dazhong Electronics (+10.3%), Zhangjiang Hi-Tech (+6.8%), ST Nanzhi (+6.1%), and Quzhou Development (+5.9%), while the top five losers included Hainan Airport (-8.4%), Jindi Group (-8.1%), Lujiazui (-7.9%), China Merchants Shekou (-7.7%), and Hainan Expressway (-7.7%) [5][8] Data Tracking New Housing Transactions - For the week of July 26 to August 1, 205,000 square meters of new homes were sold across 42 key cities, a 19.9% increase from the previous week, but a 20.8% decrease year-on-year [14][18] - In July, a total of 761,000 square meters of new homes were sold, representing a 31.8% decrease month-on-month and an 18.3% decrease year-on-year [18] Second-Hand Housing Transactions - For the week of July 26 to August 1, 185,000 square meters of second-hand homes were sold across 21 key cities, a 5.4% decrease from the previous week, but a 2.5% increase year-on-year [29][35] - In July, a total of 854,000 square meters of second-hand homes were sold, reflecting a 2.1% decrease month-on-month and a 3.9% decrease year-on-year [35] Industry News - The Central Political Bureau meeting emphasized the need for high-quality urban renewal and the implementation of policies to stabilize the real estate market [47][48] - The National Taxation Administration reported that since the implementation of the housing tax refund policy, 11.1 billion yuan has been refunded, alleviating the tax burden on residents [47][48] Company Announcements - Lujiazui achieved a revenue of 6.598 billion yuan in the first half of 2025, a year-on-year increase of 33.9%, while the net profit attributable to shareholders was 815 million yuan, a year-on-year decrease of 7.9% [50][51] - Dazhong City completed a targeted issuance of 2.426 billion yuan, increasing its total share capital to 4.286 billion shares [50][51]

Group 1 - The stock price of *ST Xingguang (002076) closed at 1.93 yuan, down 3.98%, with a turnover rate of 7.85% and a trading volume of 807,800 hands, amounting to 158 million yuan [1] - The latest financial report shows that the total operating revenue for the first quarter of 2025 was 46.66 million yuan, a year-on-year increase of 53.40%, while the net profit attributable to shareholders was 1.21 million yuan, a year-on-year decrease of 313.61% [1] - The company has a current ratio of 1.253, a quick ratio of 0.789, and a debt-to-asset ratio of 66.31% [1] Group 2 - Guangdong Xingguang Development Co., Ltd. has made investments in 26 companies and participated in 134 bidding projects [2] - The company holds 161 trademark registrations and 264 patent registrations, along with 43 administrative licenses [2]

Core Viewpoint - Dalian Wanda Group announced a share buyback plan for its subsidiary Dalian Wanda Commercial Properties, intending to delist from the Hong Kong Stock Exchange, which aims to optimize corporate governance and enhance operational efficiency [2][3]. Group 1: Share Buyback and Delisting - Dalian Wanda Commercial Properties will repurchase shares from all shareholders except for Dalian Wanda Group and its subsidiary, with a total cash payout of approximately HKD 29.32 billion at a price of HKD 0.62 per share [2]. - Following the buyback, Dalian Wanda Group's ownership will increase from 64.18% to 96.13%, while the stake of its subsidiary will rise to 3.87% [2]. Group 2: Strategic Purpose and Impact - The buyback is a strategic response to market fluctuations and aims to improve the company's governance framework and organizational structure [3]. - The transaction is expected to enhance Dalian Wanda Group's equity in Dalian Wanda Commercial Properties, leading to an increase in net profit attributable to the parent company [3]. - The move will also improve the company's ability to allocate resources across different business segments, thereby enhancing overall operational efficiency and market competitiveness [3]. Group 3: Company Financials - As of the end of 2024, Dalian Wanda Commercial Properties reported revenues of CNY 19.831 billion, a net profit of CNY 779 million, total assets of CNY 106.771 billion, total liabilities of CNY 73.578 billion, and net assets attributable to the parent company of CNY 16.242 billion [5]. - The stock price reacted positively to the announcement, with a rise of over 40% following the news, reflecting a premium of approximately 67.57% compared to the closing price of HKD 0.37 on July 17 [5].

Core Viewpoint - The privatization of Joy City Property Limited is seen as a strategic move by Joy City Holdings to optimize its long-term value during a period of deep adjustment in the real estate industry [1][3]. Group 1: Privatization Details - Joy City Holdings announced that its subsidiary, Joy City Property, will repurchase shares for approximately HKD 29.32 billion and plans to delist from the Hong Kong Stock Exchange, ending its 12-year listing history [1][2]. - The share repurchase will allow Joy City Holdings to increase its ownership from 64.18% to 96.13%, effectively gaining almost complete control over Joy City Property [2][3]. - Joy City Property has faced liquidity issues and limited financing capabilities, with its stock price remaining below HKD 1 since May 2018, and an average daily trading volume of less than HKD 3 million prior to suspension [2][3]. Group 2: Financial Performance - Joy City Holdings has reported consecutive losses over the past three years, with total losses amounting to CNY 73.25 billion from 2022 to 2024 [3]. - The company anticipates a turnaround in its financial performance, projecting a net profit of CNY 80 million to CNY 120 million for the first half of 2025, compared to a loss of CNY 364 million in the same period last year [3]. Group 3: Strategic Implications - The privatization is expected to enhance resource allocation and operational efficiency, allowing for better integration of business segments and projects [4][5]. - Joy City Property's delisting will eliminate restrictions imposed by the board or shareholders, thereby shortening decision-making cycles and reducing operational costs [5]. - The move is also anticipated to resolve existing competition issues between Joy City Holdings and Joy City Property, allowing for a more unified operational strategy [5][6]. Group 4: Future Outlook - Post-privatization, Joy City Property aims to focus on improving the operational quality and asset value of its 32 commercial projects across 24 cities [6]. - The integration of resources is expected to unleash the synergistic potential of core business segments, contributing to the long-term development of the company [6].

Core Viewpoint - Dalian Wanda Group plans to repurchase shares of its subsidiary Dalian Wanda Commercial Properties for approximately HKD 29.32 billion and intends to delist from the Hong Kong Stock Exchange, ending a 12-year listing history [2][4]. Group 1: Share Repurchase and Delisting - Dalian Wanda Commercial Properties will repurchase shares from all shareholders except for Dalian Wanda Group and its indirect wholly-owned subsidiary [3]. - The repurchase price is set at HKD 0.62 per share, totaling around HKD 29.32 billion for the cancellation of 4.73 billion shares [3]. - Following the transaction, Dalian Wanda Group's ownership in Dalian Wanda Commercial Properties will increase to 96.13% [4]. Group 2: Financial Performance - Dalian Wanda Commercial Properties reported a revenue of RMB 19.83 billion for 2024, a year-on-year increase of 49.4%, with a net profit of RMB 779 million [5]. - In contrast, Dalian Wanda Group's revenue for 2024 was approximately RMB 35.79 billion, a decrease of 2.7% from 2023, with a net loss of RMB 2.977 billion, an increase of 103.14% compared to the previous year [5]. - The total loss for Dalian Wanda Group over the past three years exceeds RMB 7 billion [5]. Group 3: Strategic Implications - The delisting is seen as a strategic move to simplify the corporate structure and enhance operational efficiency, allowing for more agile responses to market changes [6][4]. - Both companies believe that the transaction will optimize resource allocation and improve overall operational efficiency, enhancing competitive strength [6]. - The removal of the listing is expected to resolve existing competition issues between the two entities, streamlining decision-making processes [7][6].