来源：环球网 ·住建部部长倪虹：下功夫建设好房子 ·住建部等九部门：编制智能化市政基础设施建设和改造行动计划 ·北京住房租赁企业税收新政出台 ·成都发布公积金新政 取消本市缴存限制 ·苏州相城两宗低密宅地底价成交 总成交金额6.61亿元 ·杭州滨江宅地溢价近20%成交 ·北京发布今年第八轮拟供商品住宅用地清单 ·上海八批次土拍推出6宗地块 总起价184.95亿元 ·中建·运河玖院9月热销448套 ·北京城建·玺院人文实景示范区开放 ·辛杰辞任万科董事长 深铁集团黄力平接任 ·融创债务重组计划获98.5%债权人投赞成票 ·多家房企发布前9月销售业绩 1.住建部部长倪虹：下功夫建设好房子 10月13日，《学习时报》刊发住房和城乡建设部党组书记、部长倪虹署名文章《新时代新征程城市工作 要识变应变求变》。文章提出，要在标准、设计、材料、建造、维护等方面系统发力，把新房子建设成 为安全、舒适、绿色、智慧的好房子，同时把老房子改造成为好房子。持续推进城镇老旧小区改造，实 施物业服务质量提升行动，解决加装电梯、停车、充电等难题。推动新型城市基础设施建设，加快老旧 管线改造升级，因地制宜建设综合管廊，推进城市基础设施生命线安 ...

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]

Company News - China Coal Energy (01898.HK) reported a coal sales volume of approximately 190 million tons for the first nine months, a year-on-year decrease of 7.4%. In September, coal sales volume was 19.66 million tons, down 20.1% year-on-year [1] - China Southern Airlines (01055.HK) saw a 4.43% year-on-year increase in passenger capacity in September, with passenger turnover rising by 5.25%. The passenger load factor was 86.30%, an increase of 0.67 percentage points year-on-year. Cargo and mail turnover increased by 1.91% year-on-year [1] - China Eastern Airlines (00670.HK) reported a 3.63% year-on-year increase in passenger capacity for September, with passenger turnover up 8.67%. The passenger load factor was 87.57%, an increase of 4.06 percentage points year-on-year. Cargo and mail turnover rose by 10.95% year-on-year [1] - China Resources Power (00836.HK) achieved a cumulative electricity sales volume of 161 million MWh for the first nine months, an increase of 4.2% year-on-year, with wind power sales up 10.3% and solar power sales up 35.1% year-on-year [1] - Hopson Development Holdings (00754.HK) reported a total contract sales amount of 11.264 billion yuan for the first nine months, a year-on-year decrease of 12.62% [1] - China Design Group (01599.HK) won important project bids totaling approximately 3.175 billion yuan in the third quarter [1] - Jiumaojiu International Holdings (09922.HK) reported table turnover rates for its brands in the third quarter: 3.3 for Taier (self-operated only), 2.4 for Song Hotpot, and 2.5 for Jiumaojiu (self-operated only). Same-store average daily sales decreased by 9.3%, 19.1%, and 14.8% year-on-year, respectively, with the decline continuing to narrow [1][1] Financing and Buyback Activities - Xiaomi Group-W (01810.HK) repurchased 2 million shares for a total of approximately 98.9589 million HKD, with a repurchase price range of 49.42 to 49.54 HKD [5] - Yum China (09987.HK) repurchased 18,800 shares for approximately 6.2596 million HKD, with a repurchase price range of 330.6 to 340.2 HKD [6] - HSBC Holdings (00005.HK) repurchased 4.721 billion HKD worth of shares, totaling 4.6216 million shares, with a repurchase price range of 101.1 to 103.2 HKD [7] - Qiniu Intelligent (02567) has cornerstone investor He Shun voluntarily extend the lock-up commitment, representing approximately 3.20% of the total issued shares [8] - China Galaxy (06881.HK) completed the issuance of 4 billion HKD short-term financing bonds with a final coupon rate of 1.66%, primarily for working capital replenishment [8] - Huaneng International Power (00902.HK) issued 3 billion HKD ultra-short-term financing bonds with an issuance rate of 1.50% [9]

Core Insights - The company, He Sheng Chuang Zhan, reported its unaudited operating brief for September, revealing a total contract sales amount of approximately 1.362 billion yuan [1] Group 1: Sales Breakdown - Total contract sales included approximately 1.216 billion yuan from property contracts [1] - Contract sales from renovation amounted to about 146 million yuan [1]

合生创展集团(00754)公布，截至2025年9月30日止9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112.64亿元，同比减少12.62%;其中物业合约销售约人民币100.70亿元;装修合约销售 约人民币11.94亿元。 截至2025年9月30日止9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50,179平方米，合约销售金额为约人民币44.45亿元。就2025年9月单月而言，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2,588平方米，合约销售金额为约人民 币2.09亿元。 就2025年9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13.62亿元，同比 增长17%。其中物业合约销售约人民币12.16亿元;及装修合约销售约人民币1.46亿元。截至2025年9月30 日止9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428,315平方米，物业合约销售平 均售价为约每平方米人民币23,510元。 ...

Core Viewpoint - The company reported a total contract sales amount of approximately RMB 11.264 billion for the nine months ending September 30, 2025, representing a year-on-year decrease of 12.62% [1] Group 1: Total Contract Sales - For the nine months ending September 30, 2025, the total contract sales amount was approximately RMB 11.264 billion, with property contract sales around RMB 10.070 billion and renovation contract sales approximately RMB 1.194 billion [1] - In September 2025 alone, the total contract sales amount was about RMB 1.362 billion, showing a year-on-year increase of 17% [1] Group 2: Property Sales Performance - The total property contract sales area for the nine months ending September 30, 2025, was approximately 428,315 square meters, with an average selling price of about RMB 23,510 per square meter [1] - For September 2025, the property contract sales amounted to approximately RMB 1.216 billion [1] Group 3: Managed Properties - The total contract sales area for non-self-invested properties managed under the "He Sheng" brand for the nine months ending September 30, 2025, was approximately 50,179 square meters, with a contract sales amount of about RMB 4.445 billion [1] - In September 2025, the contract sales area for managed properties was approximately 2,588 square meters, with a sales amount of about RMB 209 million [1]

Core Insights - The total contract sales amount for the company and its joint ventures and associates reached approximately RMB 11.264 billion for the nine months ending September 30, 2025 [1] - Property contract sales accounted for approximately RMB 10.070 billion, while renovation contract sales were about RMB 1.194 billion [1] Sales Performance - For the month of September 2025, the total contract sales amount was approximately RMB 1.362 billion [1] - Property contract sales for September were around RMB 1.216 billion, and renovation contract sales were approximately RMB 0.146 billion [1] Sales Area and Pricing - The total property contract sales area for the nine months ending September 30, 2025, was approximately 428,315 square meters [1] - The average selling price for property contracts was about RMB 23,510 per square meter [1]

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。 於本公告日期，董事會包括八名董事。執行董事為朱桔榕女士（ 主席 ）、張帆先生（ 聯席總裁 ）、歐偉建先生、 鮑文格先生及羅泰彬先生；及獨立非執行董事為陳龍清先生、程如龍先生及葉偉倫先生。 截至2025年9月30日止9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9月30日止9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112.64億元；其中物業合約銷售約人民幣100.70億元；裝修合約銷售約人民幣11.94億元。 就 2025 年 9 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 13.62億元，其中物業合約銷售約人民幣12.16億元；及裝修合約銷售約人民幣1.46億元。截 至 2025 年 9 月 30 日 止 9 個 月 ...

致：香港交易及結算所有限公司 公司名稱: 合生創展集團有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 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 | 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 截至月份: 2025年9月30日 狀態: 新提交 本月底法定/註冊股 ...