Core Viewpoint - Shimao Group's subsidiary, Shanghai Shimao Co., Ltd., reported a revenue of 3.591 billion yuan for the six months ending June 30, 2025, reflecting a year-on-year increase of 34.55% [1] Financial Performance - The revenue achieved by Shanghai Shimao for the specified period is 3.591 billion yuan [1] - This represents a significant growth of 34.55% compared to the same period last year [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。 （於開曼群島註冊成立之有限公司） （股份代號：813） 海外監管公告 世茂集團控股有限公司的附屬公司 上海世茂股份有限公司 截至 2025 年 6 月 30 日止六個月之未經審核財務業績公告 上海世茂股份有限公司（「上海世茂」）乃一間於中華人民共和國成立的公 司，並為世茂集團控股有限公司（「本公司」）的附屬公司，本公司於上海 世茂的應佔權益約為66.18%。上海世茂董事會已通過其截至2025年6月30日 止六個月之未經審核的綜合財務業績。上海世茂截至2025年6月30日止六個 月之綜合利潤表及於2025年6月30日結算之綜合資產負債表載列如下： - 1 - 上海世茂股份有限公司 截至2025年6月3 0日止六個月之綜合利潤表 | | | | 2025年 | 2024年 | | --- | --- | --- | --- | --- | | | | | 人民幣 | 人民幣 | | 1. | 營業收入 | ...

Core Insights - Shimao Group reported a significant loss reduction in the first half of 2025 compared to the same period in 2024, with a loss of approximately RMB 89.34 billion, down about 60.6% from RMB 226.68 billion in 2024 [1] Financial Performance - The group's contracted sales amounted to RMB 13.523 billion, with a contracted sales area of 1.109 million square meters [1] - Revenue for the period was approximately RMB 14.827 billion [1] - Income from hotel operations, commercial operations, property management, and other sources was RMB 5.922 billion, showing a decline of about 1.6% compared to RMB 6.021 billion in the first half of 2024 [1] Profitability - The group experienced a gross loss of approximately RMB 909 million, contrasting with a gross profit of RMB 15 million in the first half of 2024 [1] Land Reserves - As of June 30, 2025, the group's land reserves were approximately 40.02 million square meters (before equity) [1]

Group 1: Financial Performance - The company reported a revenue of 14.827 billion RMB for the six months ending June 30, 2025, with property sales revenue accounting for 8.905 billion RMB, representing 60.1% of total revenue [1] - The total contracted sales amounted to 13.523 billion RMB, with a contracted sales area of 1.109 million square meters during the same period [1] - The company maintained a prudent operational strategy in response to market conditions, focusing on detailed management of existing projects and optimizing development pace [1] Group 2: Market Strategy and Product Development - The company is leveraging new production capabilities to redefine real estate development, emphasizing product quality and customer needs [2] - New projects are being developed with differentiated selling points through unit type iterations, landscape upgrades, and smart community systems [2] - As of June 30, 2025, the company has approximately 13.21 million square meters under construction and completed around 1.5 million square meters during the period [2] Group 3: Commercial Operations - The company's commercial operations remained stable, with a 5% year-on-year increase in foot traffic for managed projects, although total sales saw a slight decline of 1% compared to the previous year [3] - The overall occupancy rate for managed commercial projects approached 90%, while the occupancy rate for office buildings was 70% [3] - The company employed flexible leasing strategies and strengthened tenant relationships to maintain stable occupancy rates [3]

Group 1: Financial Performance - The company reported a revenue of 14.827 billion RMB for the six months ending June 30, 2025, with property sales revenue accounting for 8.905 billion RMB, representing 60.1% of total revenue [1] - The total contracted sales amount reached 13.523 billion RMB, with a contracted sales area of 1.109 million square meters during the same period [1] - The company maintained a prudent operational strategy in response to market downturns, focusing on detailed management of existing projects and optimizing development pace [1] Group 2: Market Strategy and Product Development - The company is leveraging new productive forces in real estate development, emphasizing product quality and customer needs to create competitive offerings [2] - New projects are being developed with iterative unit designs, landscape upgrades, and smart community systems to enhance market appeal [2] - As of June 30, 2025, the company has approximately 13.21 million square meters under construction and completed around 1.5 million square meters during the period [2] Group 3: Commercial Operations - The company's commercial operations remained stable, with a 5% year-on-year increase in foot traffic for managed projects, although total sales saw a slight decline of 1% compared to the previous year [3] - The overall occupancy rate for managed commercial projects approached 90%, while the occupancy rate for office buildings was around 70% [3] - The company employed flexible leasing strategies and strengthened tenant relationships to maintain stable occupancy rates [3]

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。 物業開發 1) 入賬銷售收入 世茂集團控股有限公司（「世 茂 集 團」、「世 茂」或「本 公 司」）及其附屬公司（統 稱「本 集 團」）收 入 主 要 包 括 物 業 銷 售、物 業 管 理、酒 店 經 營 及 商 業 運 營 業 務。截 至2025年6月30日 止 六 個 月，本 集 團 收 入 達 人 民 幣148.27億 元。期 內 物 業銷售收入為人民幣89.05億 元，佔 收 入 總 額 的60.1%，入 賬 銷 售 面 積 為76.7 萬 平 方 米。 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：813） 截 至2025年6月30日止六個月 中期業績公告 業績摘要 – 1 – 1. 2025年上半年合約銷售額為人民幣135.23億 元。合 約 銷 售 面 積 為110.9萬 平 方 米。 2. 本集團營 ...

Core Viewpoint - The Hong Kong property stocks experienced a collective decline after a brief rise, indicating market skepticism about the sustainability of recent policy changes aimed at boosting the real estate sector [1] Group 1: Market Performance - Major property stocks such as Shimao Group, New World Development, and Greentown China saw significant declines, with Shimao Group dropping by 6.4% and New World Development by 4.55% [1] - Other companies like China Jinmao, Midea Real Estate, and Country Garden also faced losses, with declines exceeding 2% [1] Group 2: Policy Impact - The recent policy adjustment in Shanghai, known as "Six Measures," allows unlimited purchases for eligible buyers outside the outer ring and treats single buyers as families, which initially boosted market confidence [1] - Despite the short-term positive impact, there are ongoing doubts about the long-term effectiveness of these policies and the actual improvement in the market fundamentals [1] Group 3: Future Outlook - The market requires continuous support beyond initial policy changes, with a focus on whether more cities will follow suit and how existing policies will be implemented, particularly regarding credit support [1]

Core Viewpoint - Shimao Group's stock price has declined significantly, reaching a new low, indicating potential challenges in the market [1] Group 1: Stock Performance - As of August 25, Shimao Group's stock closed at HKD 0.390, down 6.02% from the previous trading day [1] - The intraday low was HKD 0.385, marking the lowest price in nearly a year [1] - The net outflow of funds on that day was HKD 14.31 million [1] Group 2: Company Overview - Shimao Group was listed on the Hong Kong Stock Exchange on July 5, 2006 [1] - The company focuses on developing large-scale and high-quality real estate projects in economically developed or high-potential cities in mainland China [1] - Shimao Group has pioneered the "Riverside Model" in real estate, integrating landscape, water features, gardens, and architecture into daily living [1] - The company aims to promote urbanization and fulfill its vision of being a "city operator" [1]

Group 1 - The core point of the article highlights the significant decline in Shimao Group's stock price, which dropped by 6.02% to 0.39 yuan per share, with a trading volume of 41.26 million yuan as of 15:38 on August 25 [1] - Shimao Group's main business involves developing large-scale and high-quality real estate projects in economically developed or potentially developing cities in mainland China, including residential, hotel, retail, and commercial properties [1] - The company is committed to promoting urbanization and practices the concept of "urban operator" with an innovative and forward-thinking approach to real estate development, aiming to "achieve urban dreams" [1] Group 2 - As of the 2024 annual report, Shimao Group reported total revenue of 59.975 billion yuan and a net profit of -35.905 billion yuan [2] - Shimao Group is scheduled to disclose its mid-year report for the fiscal year 2025 on August 27 [2]

Group 1 - The core point of the article highlights that Shimao Group (00813) has seen its shareholders deposit stocks into HSBC Hong Kong, with a market value of HKD 186 million, representing 5.64% of the total [1] - Shimao Group announced the issuance of 981 million new shares, which will be allocated and issued on August 20, 2025, as a result of the conversion of zero-coupon mandatory convertible bonds maturing in 2026, issued on July 21, 2025 [1]