Core Insights - The company, Hopson Development Holdings, reported its unaudited operational data for the eight months ending August 31, 2025, indicating a total contract sales amount of approximately RMB 9.902 billion [1] - The property contract sales accounted for about RMB 8.854 billion, while renovation contract sales were around RMB 1.048 billion [1] Sales Performance - For the month of August 2025, the total contract sales amounted to approximately RMB 855 million, with property contract sales at about RMB 735 million and renovation contract sales at around RMB 120 million [1] - The total area sold under property contracts for the first eight months of 2025 was approximately 370,100 square meters, with an average selling price of about RMB 23,920 per square meter [1] Project Management - The total contract sales area for non-self-invested properties managed under the Hopson brand was approximately 47,600 square meters, with a contract sales amount of about RMB 4.236 billion [1]

Major Events - Alibaba-W (09988) announced the pricing of $3.2 billion zero-coupon convertible preferred notes, with an initial conversion price of $193.15 per American depositary share [1] - Peijia Medical-B (09996) reported the first human clinical trial implantation of the Sutra Hemi-valve transcatheter mitral valve repair system [1] - Corning Jereh Pharmaceutical-B (09966) received acceptance from the National Medical Products Administration for the new drug application of KN026 (Anni monoclonal antibody injection) [1] - Nissin Foods (01475) invested 30.68 million yuan to acquire two plots of land in Zhuhai for the construction of new production facilities [1] - Nocoda Technology (00519) signed a cooperation agreement for low-altitude economic intelligent drones [1] Financial Data - Country Garden Holdings (00754) reported total contract sales of approximately 9.902 billion yuan for the first eight months, a year-on-year decrease of 15.56% [1] - China General Nuclear Power Corporation (01811) completed a power generation of 1,543.7 GWh in August, a year-on-year decrease of 5.7% [1] - Xinte Energy (00956) achieved a cumulative power generation of 9.8787 million MWh in the first eight months, a year-on-year increase of 10.55% [1] - Oceanwide Holdings (03377) reported a cumulative contracted sales amount of approximately 16.44 billion yuan for the first eight months, a year-on-year decrease of 25.88% [1]

Company News - New天绿色能源 (00956.HK) reported a power generation of 9.8787 million MWh in the first eight months, an increase of 10.55% year-on-year; August's power generation was 784.8 thousand MWh, up 23.53% year-on-year [2] -远洋集团 (03377.HK) recorded a contract sales amount of 16.44 billion yuan in the first eight months, a decrease of 25.9% year-on-year; August's contract sales were approximately 1.7 billion yuan, down 17.5% year-on-year [2] - 合生创展集团 (00754.HK) reported a contract sales amount of approximately 9.902 billion yuan in the first eight months, a decrease of 15.6% year-on-year; August's contract sales were about 334 million yuan, down 38.4% year-on-year [2] - 越秀交通基建 (01052.HK) reported a cumulative toll revenue of approximately 603 million yuan for the Guangzhou North Second Ring Expressway in the first seven months, a decrease of 0.7% year-on-year [2] - 华油能源 (01251.HK) entered into a financing lease agreement with Zhongguancun Science and Technology Leasing [2] - 日清食品 (01475.HK) plans to invest 30.68 million yuan to acquire land in Zhuhai for new production facilities [2] - 鲁大师 (03601.HK) subscribed to a structured deposit product from China Merchants Bank, involving 50 million yuan [2] - 越秀地产 (00123.HK) plans to obtain a term loan financing of 200 million HKD [2] - 康宁杰瑞制药-B (09966.HK) had its new drug application for KN026 (Anituzumab injection) accepted by the National Medical Products Administration [2] Buyback Activities - 腾讯控股 (00700.HK) repurchased 874,000 shares at a cost of 550 million HKD, with repurchase prices ranging from 624 to 633 HKD [2] - 汇丰控股 (00005.HK) spent approximately 108 million HKD to repurchase about 1.041 million shares, with repurchase prices between 102.8 and 104.3 HKD [2] - 恒生银行 (00011.HK) repurchased 210,000 shares at a cost of approximately 24.882 million HKD, with repurchase prices from 117.9 to 119.2 HKD [2] - 百胜中国 (09987.HK) repurchased about 57,900 shares at a cost of approximately 20.2 million HKD, with repurchase prices between 347 and 351.8 HKD [2] - 石四药集团 (02005.HK) repurchased 6 million shares at a cost of approximately 18.143 million HKD, with repurchase prices ranging from 2.98 to 3.04 HKD [2] - 美高梅中国 (02282.HK) repurchased 1 million shares at a cost of 16.2463 million HKD, with repurchase prices between 16.04 and 16.45 HKD [3] Power Generation Data - 中广核新能源 (01811.HK) reported a power generation of approximately 12,850.5 GWh in the first eight months, a decrease of 1.6% year-on-year; August's power generation was 1,543.7 GWh, down 5.7% year-on-year [4]

Core Viewpoint - The company reported a total contract sales amount of approximately RMB 99.02 billion for the eight months ending August 31, 2025, indicating a strong performance in both property and renovation contracts [1] Group 1: Total Contract Sales - The total contract sales amount for the month of August 2025 was approximately RMB 8.55 billion, with property contract sales contributing around RMB 7.35 billion and renovation contract sales about RMB 1.20 billion [1] - For the eight months ending August 31, 2025, the average selling price of property contracts was approximately RMB 23,920 per square meter, with a total sales area of about 370,149 square meters [1] Group 2: Non-Self-Invested Properties - The total contract sales area for non-self-invested properties managed under the "He Sheng" brand was approximately 47,591 square meters, with a contract sales amount of about RMB 42.36 billion for the eight months ending August 31, 2025 [1] - In August 2025, the contract sales area for properties managed under the "He Sheng" brand was approximately 4,193 square meters, with a contract sales amount of around RMB 3.34 billion [1]

Summary of Key Points Core Viewpoint - The company reported a significant decline in total contract sales for the period ending August 31, 2025, indicating challenges in the market and potential impacts on future performance [1]. Group 1: Financial Performance - Total contract sales amount for the company and its joint ventures and associates was approximately RMB 9.902 billion, a year-on-year decrease of 15.56% [1]. - For the month of August 2025, total contract sales were about RMB 855 million, reflecting a substantial year-on-year decline of 38.44% [1]. - Property contract sales accounted for approximately RMB 8.854 billion, while renovation contract sales were around RMB 1.048 billion for the eight-month period [1]. Group 2: Sales Metrics - The total area of property contract sales was approximately 370,149 square meters, with an average selling price of about RMB 23,920 per square meter [1]. - For the month of August 2025, the area of property contract sales was around 4,193 square meters, with sales amounting to approximately RMB 334 million [1]. Group 3: Brand Performance - The company managed non-self-invested properties under the "He Sheng" brand, achieving total contract sales area of approximately 47,591 square meters and contract sales amounting to about RMB 4.236 billion [1]. - In August 2025, the contract sales area for properties managed under the "He Sheng" brand was approximately 4,193 square meters, with a sales amount of around RMB 334 million [1].

Core Viewpoint - The company reported a significant decline in total contract sales for the eight months ending August 31, 2025, with a year-on-year decrease of 15.56% to approximately RMB 9.902 billion [1] Group 1: Total Contract Sales - For the eight months ending August 31, 2025, the total contract sales amount was approximately RMB 9.902 billion, with property contract sales around RMB 8.854 billion and renovation contract sales about RMB 1.048 billion [1] - In August 2025 alone, the total contract sales were approximately RMB 855 million, reflecting a year-on-year decrease of 38.44% [1] Group 2: Property Sales Performance - The total property contract sales area for the eight months ending August 31, 2025, was approximately 370,149 square meters, with an average selling price of about RMB 23,920 per square meter [1] - For August 2025, the property contract sales amounted to approximately RMB 735 million [1] Group 3: Managed Properties - The total contract sales area for non-self-invested properties managed under the "He Sheng" brand for the eight months ending August 31, 2025, was approximately 47,591 square meters, with a contract sales amount of about RMB 4.236 billion [1] - In August 2025, the contract sales area for properties managed by He Sheng was approximately 4,193 square meters, with a sales amount of around RMB 334 million [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。 （ 在百慕達註冊成立的有限公司） 承董事會命 合生創展集團有限公司 主席 （股份代號：754） 網址︰http://www.irasia.com/listco/ hk/ hopson 截至2025年8月31日止8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8月31日止8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99.02 億元；其中物業合約銷售約 人民幣88.54億元；裝 修合約銷售約人民幣10.48 億元。 就2025年8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8.55 億元，其中物業合約銷售約人民幣7.35億元；及裝修合約銷售約人民幣1.20億元。截至2025 年8月31日止8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370,149平方 米，物業合約銷售平均售價為 ...

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8月31日 狀態: 新提交 呈交日期: 2025年9月1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 | 本月底法定/註冊股本總額： HKD 600,000,000 FF301 第 1 頁 ...

Core Viewpoint - The company achieved a core profit of approximately 790 million HKD by focusing on high-end markets in core cities, optimizing its debt structure, and accelerating the transformation of its light asset business [1] Financial Performance - As of mid-2025, the company's total assets were approximately 256.7 billion HKD, with current assets totaling about 148.4 billion HKD, and a debt-to-asset ratio of 57% after excluding contract liabilities, indicating a reasonable level [2] - The company has reduced its total debt by approximately 44.9 billion HKD over the past three and a half years, achieving a cumulative reduction of about 39% [2] - The average financial cost decreased to 5.41% in the first half of 2025, down 0.58 percentage points from 2024, with expectations for further declines in 2025 [2] Debt Management - The company has eliminated its offshore public market debt, with only one remaining domestic public market debt backed by commercial property assets, significantly lower than its peers [3] - The management emphasized a prudent financial policy to enhance financial risk control and ensure stable operations [3] Business Strategy - The company is increasingly relying on operational drivers and internal growth to enhance performance quality, with a focus on developing its light asset business [4] - As of mid-2025, the company managed a total of 1.89 million square meters in its commercial sector, with plans for further expansion in cities like Shanghai and Jinan [4] - The company’s light asset strategy has led to significant sales contributions, with notable projects achieving high sales figures and price increases [4] Competitive Advantage - The company's light asset development model combines high-end product lines with light asset strategies, creating a differentiated competitive barrier [5] - This shift from traditional scale expansion to improving profitability and internal growth is seen as a crucial insight for real estate companies navigating market cycles [5]

公告显示，2025年上半年，合生创展毛利为25.52亿港元，毛利率为39%。合生创展表示，这主要是因 为高毛利率的商业地产投资业务收益占集团总收益的比例上升。 新京报贝壳财经讯8月28日，合生创展集团有限公司(简称"合生创展")发布截至2025年6月30日6个月中 期业绩。公告显示，今年上半年，合生创展营业额为64.71亿港元；股权持有人应占亏损为17.32亿港 元；每股基本及摊薄亏损为每股0.46港元。 ...