北京商报讯（记者 王寅浩 李晗）11月14日，合生创展披露10月未经审核经营简报。简报显示，10月合 生创展连同其附属公司及其合营公司及联营公司的总合约销售金额约为19.01亿元。其中，物业合约销 售约16.49亿元；装修合约销售约2.52亿元。 ...

相关事件 合生创展集团(00754.HK)1-10月总合约销售金额131.65亿元 合生创展集团(00754.HK)前9个月合约销售 金额为约112.64亿元 格隆汇11月14日丨合生创展集团(00754.HK)宣布，截至2025年10月31日止10个月，集团及其合营公司及 联营公司的总合约销售金额为约人民币131.65亿元；其中物业合约销售约人民币117.19亿元；装修合约 销售约人民币14.46亿元。就2025年10月单月而言，集团及其合营公司及联营公司之总合约销售金额为 约人民币19.01亿元，其中物业合约销售约人民币16.49亿元；及装修合约销售约人民币2.52亿元。截至 2025年10月31日止10个月，本集团及其合营公司及联营公司的物业合约销售面积为约499,644平方米， 物业合约销售平均售价为约每平方米人民币23,460元。 截至2025年10月31日止10个月，集团及其合营公司及联营公司以「合生」品牌代建管理之非自投物业 ("合生代建管理物业")之总合约销售面积为约53,477平方米，合约销售金额为约人民币47.06亿元。就 2025年10月单月而言，本集团及其合营公司及联营公司就合生代建管 ...

截至2025年10月31日止10个月，该集团及其合营公司及联营公司以"合生"品牌代建管理的非自投物业的 总合约销售面积为约53,477平方米，合约销售金额为约人民币47.06亿元。就2025年10月单月而言，该集 团及其合营公司及联营公司就合生代建管理物业的合约销售面积为约3,298平方米，合约销售金额为约 人民币2.61亿元。 合生创展集团(00754)公布，截至2025年10月31日止10个月，该集团及其合营公司及联营公司的总合约 销售金额为约人民币131.65亿元，同比减少9.46%;其中物业合约销售约人民币117.19亿元，装修合约销 售约人民币14.46亿元。就2025年10月单月而言，该集团及其合营公司及联营公司的总合约销售金额为 约人民币19.01亿元，同比增长15.28%;其中物业合约销售约人民币16.49亿元，及装修合约销售约人民币 2.52亿元。截至2025年10月31日止10个月，该集团及其合营公司及联营公司的物业合约销售面积为约 499,644平方米，物业合约销售平均售价为约每平方米人民币23,460元。 ...

截至2025年10月31日止10个月，该集团及其合营公司及联营公司以"合生"品牌代建管理的非自投物业的 总合约销售面积为约53,477平方米，合约销售金额为约人民币47.06亿元。就2025年10月单月而言，该集 团及其合营公司及联营公司就合生代建管理物业的合约销售面积为约3,298平方米，合约销售金额为约 人民币2.61亿元。 智通财经APP讯，合生创展集团(00754)公布，截至2025年10月31日止10个月，该集团及其合营公司及联 营公司的总合约销售金额为约人民币131.65亿元，同比减少9.46%;其中物业合约销售约人民币117.19亿 元，装修合约销售约人民币14.46亿元。就2025年10月单月而言，该集团及其合营公司及联营公司的总 合约销售金额为约人民币19.01亿元，同比增长15.28%;其中物业合约销售约人民币16.49亿元，及装修合 约销售约人民币2.52亿元。截至2025年10月31日止10个月，该集团及其合营公司及联营公司的物业合约 销售面积为约499,644平方米，物业合约销售平均售价为约每平方米人民币23,460元。 ...

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 發表聲明，並明確表示概不會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之任何損失承 擔任何責任。 （股份代號：754） 網址︰http://www.irasia.com/listco/ hk/ hopson 截至2025年10月31日止10個月未經審核營運數據 合生創展集團有限公司（「本公司」，連同其附屬公司，「本集團」）董事會（「董事會」）宣佈， 截至2025年10月31日止10個月，本集團及其合營公司及聯營公司之總合約銷售金額為約人 民幣 131.65 億 元；其 中物業 合約 銷售約 人民幣 117.19 億 元；裝 修合約 銷售約 人民 幣14.46 億 元。就2025年10月單月而言，本集團及其合營公司及聯營公司之總合約銷售金額為約人民 幣19.01億元，其中物業合約銷售約人民幣16.49億元；及裝修合約銷售約人民幣2.52億元。 截至2025年10月31日止10個月，本集團及其合營公司及聯營公司之物業合約銷售面積為約 499,644平方米，物業合約銷售平均售價為約每平方米人民幣23,460元 ...

Core Viewpoint - The recent news indicates that He Sheng Chuang Zhan has initiated a comprehensive merger plan with Zhu Guang Holdings Group, marking a significant consolidation within the Zhu family business [1][4]. Group 1: Company Background - Zhu Guang Holdings Group is chaired by Zhu Qing Yi, the youngest of the three Zhu brothers, with Zhu Meng Yi being the most prominent due to his founding of He Sheng Chuang Zhan in 1992 [2]. - The Zhu family has diversified interests, with Zhu Guang Holdings established in 1996, focusing on real estate that complements He Sheng's business [2][3]. Group 2: Merger Details - The merger rumors have been circulating since December, when Zhu Guang Holdings signed a cooperation agreement with CITIC Group's subsidiary for a redevelopment project in Guangzhou [5]. - The redevelopment project in Li Jiao Village spans 896,700 square meters, with a total construction area of 4,362,700 square meters [6]. Group 3: Financial Performance - Zhu Guang Holdings has faced continuous losses since 2022, with a reported loss of 213 million yuan in the first half of this year, although this is an improvement from 834 million yuan in the same period last year [11]. - He Sheng Chuang Zhan also reported a challenging financial situation, with a revenue of 6.471 billion HKD in the first half of the year, a 53% decrease year-on-year, and a loss of 1.732 billion HKD [12]. Group 4: Strategic Moves - He Sheng Chuang Zhan is looking to relocate its headquarters to accelerate project development in the Greater Bay Area, with significant land reserves in the region [14]. - The company aims to integrate resources from Zhu Guang Holdings without increasing its own liabilities, which could be a pathway to regain growth [14][16]. Group 5: Project Management - He Sheng Chuang Zhan has begun managing several projects from Zhu Guang Holdings, including the Li Jiao Village redevelopment, indicating a shift in project management strategy [9][10]. - The company has reported significant contract sales from its management projects, with a total sales amount of approximately 11.264 billion yuan in the first nine months of the year [15].

截至月份: 2025年10月31日 狀態: 新提交 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00754 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 6,000,000,000 | HKD | | 0.1 | HKD | | 600,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 6,000,000,000 | HKD | | 0.1 | HKD | | 600,000,000 | 本月底法定/註冊股本總額： HKD 600,000,000 FF301 致：香港 ...

Group 1: Government Policies and Initiatives - The Minister of Housing and Urban-Rural Development, Ni Hong, emphasizes the need to construct safe, comfortable, green, and smart houses, while also renovating old ones [1] - Nine departments, including the Ministry of Housing, have issued an action plan to develop and implement intelligent municipal infrastructure construction and renovation plans [2] - Beijing has introduced a new tax policy for housing rental enterprises, reducing the VAT rate from 5% to 1.5% starting January 1, 2026, and lowering the property tax rate from 12% to 4% [3] Group 2: Real Estate Transactions and Market Activity - In Chengdu, a new policy has been released that removes local deposit restrictions for housing provident fund loans, allowing eligible non-local contributors to apply for conversion loans [4] - Two low-density residential land parcels in Suzhou's Xiangcheng district were sold at a total price of 661 million yuan, with floor prices of 7,500 yuan and 7,000 yuan per square meter [5] - A residential land parcel in Hangzhou's Binjiang district was sold for 1.264 billion yuan, reflecting a nearly 20% premium over the starting price [6] Group 3: Land Supply and Development - Beijing has announced the eighth round of proposed residential land supply for 2025, covering 9 plots with a total area of approximately 44 hectares and a planned construction scale of about 1.03 million square meters [7] - Shanghai is set to auction 6 land parcels in its eighth batch of land sales, with a total starting price of 18.495 billion yuan [8] Group 4: Company Performance and Leadership Changes - China State Construction's project, Yunhe Jiuyuan, achieved sales of 448 units in September, leading in sales volume, area, and amount in Beijing [9] - Beijing Urban Construction's Xi Yuan project opened its humanistic demonstration area, showcasing high-end residential values [10] - Sunac China’s debt restructuring plan received approval from 98.5% of creditors, marking a significant step towards resolving its offshore debt issues [12] Group 5: Sales Performance of Real Estate Companies - China Resources Land reported a cumulative contract sales amount of approximately 154.4 billion yuan for the first nine months, a year-on-year decline of 10.4% [13] - China Jinmao's contract sales for the same period reached 80.685 billion yuan, with a total area of 3.6745 million square meters sold [14] - Longfor Group's total contract sales amounted to 50.75 billion yuan, with a sales area of 3.943 million square meters [15]

Core Insights - The real estate market in September showed signs of stabilization and recovery, driven primarily by the demand for improved housing options [1][9] - A total of 24 real estate companies reported sales data, with 15 companies, accounting for 62.5%, experiencing a month-on-month increase in sales [1] - Differentiated pricing strategies have played a crucial role, with smaller units attracting buyers through competitive pricing, while improved housing options achieved premium pricing [1][9] Sales Performance - Among the 24 companies, Poly Developments and China Overseas Development led with sales exceeding 200 billion yuan in September, at 205.31 billion yuan and 201.73 billion yuan respectively [3] - Other notable companies include China Resources Land and China Merchants Shekou, with sales of 176 billion yuan and 166.98 billion yuan [3] - The sales growth for Poly Developments and China Overseas has been consistent, with both companies reporting month-on-month increases for three consecutive months [3] Market Dynamics - Different tiers of companies are experiencing varied recovery rates, with top-tier firms benefiting from scale advantages and mid-tier firms leveraging popular projects to boost sales [3][4] - Companies like R&F Properties saw a significant month-on-month increase of 132.31% in September due to a low sales base in August [4] - The overall market recovery is supported by strong land acquisition strategies focused on first- and second-tier cities, with a reported 13% year-on-year increase in land sales revenue across 300 cities [5] Land Acquisition Trends - Real estate companies are increasingly concentrating their land acquisitions in core cities, with top 20 cities accounting for 61% of the total land sales revenue [5] - China Resources Land acquired 18 new projects in the first half of 2025, with a total investment of 32.28 billion yuan, primarily in first- and second-tier cities [5] - The supply of quality land has increased, providing more options for developers, as seen in Beijing's recent addition of 22 new real estate projects [6] Product Quality and Market Appeal - The introduction of high-quality housing standards has enhanced market attractiveness, with improved housing options meeting the needs of buyers [7] - Recent policy adjustments in major cities have further stimulated demand, allowing for greater flexibility in purchasing [7] - The sales of improved housing options have surged, with a notable increase in the proportion of larger units sold in major cities [8][9]

Core Insights - The report from the China Index Academy indicates a significant decline in land acquisition by local state-owned enterprises, while private real estate companies have shown an increased willingness to acquire land. In the first nine months of 2025, private enterprises accounted for 13.4% of the land acquisition amount among the top 100 companies, an increase of 5.6 percentage points compared to 2024 [1] Group 1: Land Acquisition Trends - There has been a notable decrease in land acquisition by local state-owned enterprises this year [1] - Private real estate companies are increasingly willing to acquire land, providing new opportunities for construction companies [1] - Some small and medium-sized private enterprises are becoming important clients for construction projects, enhancing their land acquisition intentions [1] Group 2: Project Developments - In September 2025, several typical construction companies secured new project contracts, including Green City Management and Run Di Management, which won multiple bids for residential and public housing projects [4] - The total contract sales area for He Sheng Chuang Zhan in the first eight months of 2025 reached approximately 47,591 square meters, with a sales amount of about RMB 4.236 billion [5] - Jin Di Management released an upgraded version of its "Client Service White Paper," focusing on enhancing service capabilities [6] Group 3: Market Dynamics - In September, residential properties accounted for 85% of the bidding information, with Zhejiang province being the leading area for project announcements, representing 54% of the total [8] - 95% of the projects were won by real estate development companies, with residential properties making up 70% of the winning bids [9]