Group 1 - The Hang Seng Index opened down by 0.11%, while the Hang Seng Tech Index opened down by 0.26% [1] - The biopharmaceutical sector showed a rebound, whereas the new consumption sector weakened [1] - Greenland Hong Kong (00337.HK) saw a significant increase of over 14%, with contract sales reaching 2.972 billion yuan in the first half of the year [1] - NetEase (09999.HK) experienced a decline of over 2% [1]

Core Viewpoint - Greenland Hong Kong (00337.HK) reported contract sales of approximately 2.972 billion yuan for the first six months of 2025, with a total sold contract area of about 364,400 square meters [1] Group 1 - The company and its subsidiaries, along with associated companies, achieved contract sales of approximately 2.972 billion yuan [1] - The total sold contract area reached approximately 364,400 square meters [1]

绿地香港公告，2025年首六个月，公司及其子公司及联属公司的合约销售约为29.72亿元，已售合约总 建筑面积约为36.44万平方米。上述销售数据未经审核，乃根据集团初步内部资料编制，与年度经审核 综合财务报表中披露的数字可能有所差异。 ...

Group 1: Company News - Greenland Hong Kong Holdings Limited (00337.HK) reported contract sales of approximately RMB 1.407 billion for the first five months of 2025, a year-on-year decrease of 59.27% [1] - Tencent Music (01698.HK) plans to acquire Ximalaya for USD 1.26 billion [2] - CIFI Holdings Group (00884.HK) recorded monthly contract sales of RMB 1.68 billion, a year-on-year decrease of 50% [2] - Yuzhou Group (01628.HK) reported contract sales of RMB 621 million in May, down from RMB 703 million in the same period last year [2] - HSBC Holdings (00005.HK) repurchased 520,900 shares on June 9, costing HKD 4.6 million [2] Group 2: Market Movements - The National Integrated Circuit Industry Investment Fund Co., Ltd. reduced its stake in Hua Hong Semiconductor (01347.HK) [2] - JPMorgan increased its short position in Bilibili (09626.HK) from 7.75% to 8.27% [2] - Haitian Flavoring and Food Company plans to issue 263 million shares at a price range of HKD 35 to HKD 36.3 per share [1]

Group 1 - The core point of the article is that Greenland Hong Kong Holdings Limited reported a significant decline in contract sales for the first five months of 2025, with a year-on-year decrease of 59.27% to approximately RMB 1.407 billion [1] - The total contracted sales area sold by the company was about 208,753 square meters, reflecting a year-on-year decrease of 32.4% [1]

Major Events - Jin'an Industrial (02292) received a privatization offer from its controlling shareholder at a premium of approximately 30%, with resumption of trading on May 12 [1] - Jingtai Holdings (02228) plans to acquire 90% of Shanghai Siwei Medical for 250 million yuan, aiming to create an AI-enabled remote electrocardiogram diagnosis platform [1] - China Investment and Financing (01226) is in contact with MCHKI to explore several potential corporate activities following unusual stock price movements [1] - Qiu Tai Technology (01478) reported camera module sales of 33.229 million units in April, an increase of 8.4% month-on-month but a decrease of 20.1% year-on-year [1] - Stone Pharmaceutical Group (01093) received approval for clinical trials of SYH2046 in the United States [1] - Fosun Pharma (02196) subsidiary Junji Health obtained FDA approval for drug clinical trials [1] - Rongchang Bio (09995) received approval for the marketing of Aidiqi® for treating HER2-positive advanced breast cancer with liver metastasis in China [1] - Livzon Pharmaceutical (01513) received approval for the marketing of injectable aripiprazole microspheres [1] - GAC Group (02238) reported April automobile production of 108,600 units, a year-on-year decline of 25.74% [2] - China Overseas Development (00688) reported contract property sales of approximately 20.164 billion yuan in April, a year-on-year decrease of 7.5% [2] Share Buybacks/Reductions - China Hongqiao (01378) repurchased 19.667 million shares for 273 million HKD on May 9 [1] - AIA Group (01299) repurchased 1.5 million shares for 92.1915 million HKD on May 9 [1] - Cathay Securities (02611) repurchased 1.6906 million A-shares for 29.3356 million yuan on May 9 [1] - Times Electric (03898) repurchased 610,300 shares for 19.7008 million HKD on May 9 [1] - East Asia Bank (00023) acquired 52.8 million shares from Sumitomo Mitsui Banking Corporation [1] - Shandong Molong (00568) saw shareholder Zhimo Holdings reduce its holdings by 28.81 million H-shares [1] Operating Performance - Longyuan Power (00916) achieved a power generation volume of 6.9064 million MWh in April, a year-on-year increase of 4.85% [2] - New天绿色能源 (00956) reported a power generation volume of 1.4778 million MWh in April, a year-on-year increase of 16.91% [2] - Jianye Real Estate (00832) achieved a total property contract sales amount of 2.71 billion yuan in the first four months, a year-on-year increase of 4.8% [2] - China Overseas Hongyang Group (00081) reported a cumulative contract sales amount of 9.556 billion yuan in the first four months, a year-on-year decrease of 14.1% [2] - Times China Holdings (01233) reported a cumulative contract sales amount of approximately 1.81 billion yuan in the first four months, a year-on-year decrease of 29.87% [2] - Agile Property Holdings (01813) reported a pre-sale amount of 509 million yuan in April, a year-on-year decrease of 47.5% [2] - Greenland Hong Kong (00337) reported contract sales of approximately 880 million yuan in the first four months, a year-on-year decrease of 69.3% [2]

Financial Performance - In 2024, the company's revenue decreased to RMB 15,276 million, down from RMB 24,933 million in 2023, representing a decline of 38.8%[11]. - Gross profit for the year was RMB 796 million, a decrease of 69.0% from RMB 2,570 million in the previous year[11]. - The company reported a loss for the year of RMB 2,286 million, compared to a loss of RMB 1,769 million in 2023, indicating an increase in loss of 29.2%[11]. - Total assets decreased to RMB 114,470 million, down from RMB 128,236 million, a reduction of 10.7%[12]. - Total liabilities also decreased to RMB 97,319 million, down from RMB 108,178 million, a decline of 10.0%[12]. - The company experienced a basic loss per ordinary share of RMB 0.76, compared to RMB 0.63 in 2023, reflecting a worsening of 20.6%[11]. - The net loss attributable to the owners of the Group was approximately RMB 2,094 million, reflecting an increase of approximately 20% year-on-year[93]. - The total gross floor area of sold and delivered projects was 1,164,560 square meters, representing a decrease of approximately 36% from the previous year[96]. - Revenue from property sales was approximately RMB 14,105 million, a decrease of approximately 41% from the previous year[96]. - The total revenue for 2024 was approximately RMB 15,276 million, a decrease of approximately 38.7% from RMB 24,933 million in 2023, primarily due to a decrease in the recognized GFA of properties delivered[140]. Market Conditions - The global economic landscape remained complex, with China's real estate market facing double-digit declines in sales and investment growth, impacting domestic demand[15][16]. - The central government of China implemented policies to stabilize the real estate market, marking a shift towards active market rescue efforts[16]. - In 2024, the real estate market experienced a significant adjustment, with sales and investment growth declining by double digits, prompting the central government to implement a series of stabilizing policies[18]. - The overall operation of the Chinese economy showed a warming and improving trend amidst stability[83]. - 2024 was a critical year for China to achieve the objectives of the 14th Five-Year Plan, with stable progress in the economy[83]. - The global economic situation remained complex and volatile, impacting the overall market environment[83]. - In 2024, China's real estate market experienced a deep adjustment with double-digit declines in sales and investment growth, significantly impacting domestic demand[84]. - The central government implemented a series of policies to stabilize the real estate market, indicating a proactive policy tone[84]. Strategic Initiatives - The Group's core strategy of "1+2+3+X" aims to build a diversified industrial group, expanding into fields such as commercial operation and property services[23]. - Future strategies include revitalizing stock assets, innovating business models in long-term leasing, and enhancing service systems in property management[47]. - The company plans to implement a "1+2+3+X" development strategy over the next five years, focusing on optimizing structure, excelling in core business, and diversifying development[54]. - The Group's innovative "Greenland's smart manufacturing" platform aims to provide comprehensive management services across the entire industrial chain[21]. - The Group is committed to transforming its business model from scale development to efficiency-focused operations, enhancing internal dynamics and competitiveness[114][117]. - The Group's strategy includes activating existing assets and increasing liquidity to provide robust support for high-quality development[135][137]. Operational Efficiency - The Group focused on innovative marketing strategies, resulting in a notable reduction in planning expenses and site operating costs, while improving conversion rates through tenant sourcing for commercial office buildings[24]. - Cost reduction measures included streamlining construction practices and optimizing materials, contributing to enhanced efficiency across various projects[31]. - The Group's focus on optimizing supply chain collaboration and enhancing market confidence to address challenges in project delivery[107]. - The Group implemented policies to improve the marketability of existing projects, including discounted offerings and enhanced product positioning[110]. - The Group's innovative digital platform and private domain traffic matrix have significantly improved operational efficiency and service capabilities[128][131]. Property Development - Greenland Hong Kong Holdings Limited achieved a delivery area of 1.63 million sq.m. in 2024, including key projects such as Yancheng New Zone and Zhanjiang Greenland Mansion[27]. - The geographical distribution of property projects includes 29 projects in Jiangsu, 38 in Guangdong, and 9 in Zhejiang, among others[60]. - The company held a high-quality land bank of approximately 17,700,000 sq.m. as of December 31, 2024, primarily located in core cities[40][43]. - The residential leasing brand "Elite Home" managed nearly 10,000 units in cities like Shanghai, Nanjing, and Hangzhou, with an occupancy rate above 93%[42][45]. - The Group's projects in key regions such as Jiangsu, Guangdong, Zhejiang, and Guangxi were the primary sources of contracted sales[104]. Financial Management - Greenland HK maintained a low net interest-bearing gearing ratio and effective interest cost, ensuring sound financial fundamentals[35][38]. - The net gearing ratio increased to approximately 75% in 2024 from 58% in 2023, with total borrowings of approximately RMB 14,321 million[166]. - The Group's financial performance is subject to various risks, including business risk, government policy impact, foreign exchange risk, and third-party risk[180][181][182][184]. - The Group's treasury policy aims to strengthen treasury control and reduce funding costs while monitoring foreign exchange risks related to RMB and USD[172][183]. Corporate Governance - The Board does not recommend payment of a final dividend for the twelve months ended December 31, 2024[93]. - The Board emphasizes maintaining best practices in corporate governance to ensure transparency and fairness in disclosures[190][192]. - The Group's chairman and CEO roles were combined from May 17, 2024, to December 31, 2024, which the Board believes aids in efficient strategy formulation[193].

智通财经APP讯，绿地香港(00337)发布截至2024年12月31日止年度业绩，集团收益人民币152.76亿元， 同比减少38.73%;股东应占亏损20.94亿元，同比扩大19.5%;每股亏损0.76元。 2024年，在集团战略方针的引领下，通过灵活应用创新机制有效应对了行业挑战，不仅在核心业务领域 实现了全方位布局的深化，还在多个重点项目上展现了卓越的执行力与攻坚克难破局精神。公司在多元 化突破与创新求变的导向下，不断拓宽业务边界，挖掘新的价值源泉，在深化内部改革、强化运营管理 以及积极拥抱变化方面取得了显着的成效。 依托绿地品牌和资源优势，赋能新赛道业务，孵化"绿地智造"轻资产代建平台。从产品力、品牌力、项 目管理、资源整合、全业态开发等各方面出发，聚焦与各地城投、国资平台合作，为客户提供全产业链 与全生命周期管理服务，打造一批代建标竿项目，引领行业新发展。 在回顾年度内，绿地香港共荣获行业奖项10项，其中国际奖项2项，国内奖项8项。在住房租赁领域，菁 舍凭藉卓越经营与品牌影响力，斩获住房租赁行业"奥斯卡"广厦大奖及多项行业重要奖项，如"全国集 中式品牌公寓 top10""模式创新领航品牌"等。在代建业 ...

Financial Performance - Total revenue for the fiscal year 2024 was RMB 15,275,935, a decrease of 38.5% compared to RMB 24,932,665 in 2023[3] - Gross profit for the fiscal year 2024 was RMB 796,299, down 69.0% from RMB 2,570,066 in 2023[3] - The net loss for the fiscal year 2024 was RMB 2,285,619, compared to a net loss of RMB 1,769,176 in 2023, representing a 29.2% increase in losses[3] - The company reported a basic loss per share of RMB (0.76) for 2024, compared to RMB (0.63) in 2023[5] - The net loss attributable to shareholders for 2024 is RMB 2,093,503,000, compared to RMB 1,751,863,000 in 2023, indicating an increase in losses[54] - The group reported a net loss attributable to shareholders of approximately RMB 2,094,000,000, an increase of about 20% year-on-year[65] - Gross profit fell from approximately RMB 2,570,000,000 in 2023 to about RMB 796,000,000 in 2024, resulting in a gross margin decrease from 10% to 5%[89] - The income tax expense for 2024 is RMB 686,615,000, a decrease of 41.3% from RMB 1,168,765,000 in 2023[50] Assets and Liabilities - The total assets decreased to RMB 114,470,038 in 2024 from RMB 128,236,470 in 2023, a decline of 10.7%[8] - Total liabilities decreased to RMB 97,318,533 in 2024 from RMB 108,178,097 in 2023, a reduction of 10.1%[8] - The total non-current assets amounted to RMB 18,125,345 in 2024, down from RMB 19,615,562 in 2023, a decrease of 7.6%[7] - The company’s cash and cash equivalents decreased to RMB 1,717,941 in 2024 from RMB 2,817,941 in 2023, a decline of 39.1%[7] - As of December 31, 2024, the total interest-bearing debt of the group amounted to RMB 14,321,000,000, with RMB 8,477,000,000 due within one year after the reporting period[21] - The group has overdue interest-bearing loans totaling RMB 3,609,000,000, including a syndicated offshore loan of USD 80,000,000 and HKD 415,000,000 (equivalent to RMB 958,000,000) maturing in January 2025[22] - The group has not repaid certain interest-bearing loans amounting to RMB 2,317,000,000 as of December 31, 2024, which are secured by inventory with a total book value of RMB 10,510,000,000[22] - The debt ratio increased to approximately 75% in 2024 from 58% in 2023, with total cash and cash equivalents amounting to RMB 1,373,000,000[97] Cash Flow and Financing - The company’s financing costs increased significantly to RMB 358,677 in 2024 from RMB 100,044 in 2023, a rise of 258.5%[3] - The group is actively negotiating with multiple lenders to extend the repayment terms of interest-bearing loans and is seeking new funding sources from various banks[24] - The management believes that, considering the plans and measures taken, the group will have sufficient working capital to meet its financial obligations due within the next twelve months[23] - The company is committed to improving cash flow management and optimizing debt structure to maintain a healthy financial condition[84] Market Conditions and Strategy - The real estate market in China experienced a significant downturn in 2024, with sales and investment growth rates declining sharply, contributing to insufficient domestic demand[61] - The central government has implemented a series of policies to stabilize the real estate market, indicating a shift towards more proactive measures[61] - The overall economic recovery is not solely dependent on the real estate sector, with monetary policy adjustments and fiscal measures expected to influence the market dynamics[62] - The company is focusing on diversifying its business and enhancing operational management to adapt to market changes[63] - The group aims to build a diversified industrial group by expanding into various sectors such as commercial operations, property services, and long-term rentals[68] Operational Performance - The company recognized revenue from hotel and related services of RMB 76,459 thousand for the year ended December 31, 2024, compared to RMB 61,102 thousand for 2023, representing a growth of about 25.1%[37][38] - The company received government subsidies of RMB 2,615 thousand in 2024, down from RMB 10,440 thousand in 2023, a decrease of approximately 75.0%[44] - The total revenue from rental income for investment properties is RMB 267,920,000, slightly down from RMB 270,956,000 in 2023[52] - The average selling price of properties was approximately RMB 11,529 per square meter, with total property sales revenue of approximately RMB 14,105,000,000, down about 41% year-on-year[66] - The total area of sold and delivered projects was 1,164,560 square meters, a decrease of about 36% compared to the previous year[66] Governance and Compliance - The independent auditor has issued an unqualified opinion on the consolidated financial statements for the year ending December 31, 2024[113] - The company has adhered to the corporate governance code, except for specific provisions regarding the separation of roles between the chairman and CEO[108] - The chairman and CEO roles are currently held by the same individual, which the board believes aids in effective strategy formulation[108] - The company has not engaged in any purchase, sale, or redemption of its listed securities during the fiscal year ending December 31, 2024[109] Future Outlook - The company anticipates that the application of other IFRS revisions will not have any significant impact on future consolidated financial statements[18] - The central economic work conference emphasized the need to stabilize the real estate market in 2025, which is expected to provide strong support for market stabilization[82] - The group plans to implement a development strategy focusing on optimizing structure, enhancing core business, strengthening collaboration, and diversified development over the next five years[83] - The company is actively responding to market changes and enhancing its business ecosystem under the "second entrepreneurship" strategy[79]

Financial Performance - For the six months ended June 30, 2024, revenue decreased to RMB 6,331 million, down 23.1% from RMB 8,233 million in 2023[5] - Gross profit for the same period was RMB 858 million, a decline of 45.9% compared to RMB 1,584 million in 2023[5] - The company reported a loss for the period of RMB 500 million, compared to a profit of RMB 33 million in the previous year, marking a significant change of RMB 533 million[5] - Total revenue recorded was approximately RMB 6,331,000,000, which is a decrease of approximately 23% from the same period last year[12] - Loss attributable to owners of the Company for the period was approximately RMB 483,000,000, representing a year-on-year increase of approximately 689%[12] - Basic loss per share was RMB (0.17) for the six months ended June 30, 2024, compared to earnings of RMB 0.03 in 2023[83] - The company reported a loss for the period of RMB 500,366 for the first half of 2024, compared to a profit of RMB 33,498 in 2023[96] Revenue Breakdown - Revenue from property sales, the core business, was approximately RMB 5,806 million in 1H2024, accounting for about 92% of total revenue, representing a year-on-year decrease of approximately 25%[36] - Property sales amounted to RMB 5,805,610 thousand, down 25.5% from RMB 7,790,022 thousand in 2023[7] - Revenue from hotel and related services was RMB 38,454 for the first half of 2024, compared to RMB 20,631 in the same period of 2023[95] - The property management and other services segment generated RMB 358,577 in the first half of 2024, down from RMB 323,935 in the prior year[95] - Lease of properties revenue rose to RMB 127,952 thousand, up 30.3% from RMB 98,194 thousand in 2023[7] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 124,030 million, down from RMB 128,236 million at the end of 2023, a decrease of 3.3%[6] - Total liabilities decreased to RMB 105,159 million from RMB 108,178 million, reflecting a reduction of 2.0%[6] - The Group's total equity was approximately RMB 18,871 million, down from RMB 20,058 million as of December 31, 2023, representing a decrease of about 5.9%[45] - The net gearing ratio was approximately 66% as of June 30, 2024, compared to 58% as of December 31, 2023, indicating an increase in financial leverage[45] - Total cash and cash equivalents, including restricted cash, were approximately RMB 1,883 million, while total borrowings amounted to approximately RMB 14,355 million[45] Market Outlook - The real estate market in China is expected to stabilize and recover due to relaxed policies and increased support for affordable housing construction[9] - The real estate market is expected to stabilize with the implementation of favorable policies, despite short-term uncertainties[10] Operational Strategies - The Company focused on optimizing supply chain collaboration and enhancing market confidence to ensure construction progress and high-quality delivery[18] - Greenland HK has adopted a dual driving force strategy of "real estate + commerce," focusing on creating benchmark commercial projects in various regions[25] - The Group's strategy includes a "2+2" innovative service model to enhance brand influence and market competitiveness[32] - The Group plans to adjust sales and pre-sale activities to better respond to market needs and achieve budgeted sales volumes[90] Employee and Governance - The Group employed a total of 2,543 employees as of June 30, 2024, with 1,029 employees in the property development business[53] - The company complied with the corporate governance code provisions except for C.2.1 and F.2.2 during the six-month period ended June 30, 2024[66] - All directors confirmed compliance with the Model Code for securities transactions during the six months ended June 30, 2024[66] Financial Management - The Group's treasury policy aims to enhance control over treasury functions and lower capital costs, with a focus on monitoring interest rate risks[45] - The Group is actively negotiating with banks to extend the repayment schedule of interest-bearing loans and secure new financing sources[90] - The Group has adopted several plans to alleviate liquidity pressures, including continuous communication with key contractors and suppliers for payment arrangements[90] Shareholder Information - The total issued share capital of the Company as of June 30, 2024, is 2,791,884,683 Shares[58] - Mr. WANG Weixian is deemed to be interested in 38,804,571 Shares held by Prestige Glory Enterprises Limited, which he beneficially owns[58] - As of June 30, 2024, Gluon Xima International Limited holds 1,650,244,409 shares, representing approximately 59.11% of the company's issued shares[63] Cash Flow and Financing - Net cash used in operating activities for the six months ended June 30, 2024, was RMB (960,173) thousand, compared to RMB (203,910) thousand in 2023, indicating a significant increase in cash outflow[88] - The Group's net cash used in financing activities was RMB (510,777) thousand for the six months ended June 30, 2024, a decrease from RMB (962,016) thousand in 2023[88] - The Group's cash and cash equivalents decreased by RMB 740,894 thousand for the six months ended June 30, 2024, compared to a decrease of RMB 1,273,478 thousand in 2023[88]