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。 1. 本公司建議的境外債務重組計劃已於 2025 年 7 月 21 日正式生效，減輕了 本集團的整體債務規模及債務壓力，從而改善整體財務狀況。 (i) 重組計劃項下本金金額約 115 億美元的境外債務連同約 10 億美元的相 關應計利息已獲解除，轉換為約 80 億美元期限為 6 年至 8.5 年的新債 務工具，及約 45 億美元 1 年期的強制可換股債券。 (ii) 本集團應付本公司控股股東總金額約 78 億港元的款項和股息於重組生 效日期轉換為 6 億美元期限為 9.5 年的長期票據，及約 4 億美元 1 年期 的強制可換股債券。 (iii) 截至本公告日期，45 億美元的強制可換股債券中約 32 億美元已轉換 為本公司的新股份。由於尚未轉換的強制可換股債券須於重組生效日 期起計 1 年內轉換，據此，強制可換股債券的悉數轉換將直接減少本 公司的債務約 45 億美元。 （於開曼群島註冊成立之有限公司） ...

INTERIM REPORT 中期報告 2025 (Incorporated in the Cayman Islands with limited liability) Stock Code ֵ֭༪: 813 (ᄕફืྊًॻԛվરᄱؽ۬( 目錄 2 公司資料 3 主席報告 6 管理層討論與分析 14 企業管治及其他資料 24 中期簡明綜合損益及其他全面收入報表 26 中期簡明綜合財務狀況表 28 中期簡明綜合權益變動表 30 中期簡明綜合現金流量表 31 中期簡明綜合財務報表附註 世茂集團控股有限公司 2025年中期報告 公司 資料 董事會 執行董事 許世壇 （主席及總裁） 謝琨 趙軍 非執行董事 許薇薇 邵亮 獨立非執行董事 呂紅兵 林清錦 馮子華 審核委員會 馮子華 （委員會主席） 呂紅兵 林清錦 薪酬委員會 呂紅兵 （委員會主席） 林清錦 馮子華 提名委員會 林清錦 （委員會主席） 呂紅兵 馮子華 許薇薇 公司秘書 林綺薇 核數師 中匯安達會計師事務所有限公司 香港主要營業地點 香港 金鐘道89號 力寶中心 第一座38樓 電話： (852) 2511 9968 傳真： (852) 2511 0287 網 ...

Core Viewpoint - The Hong Kong property stocks experienced a general rise on September 24, with notable increases in share prices for several major companies in the sector [1] Company Summaries - Longfor Group (03380.HK) saw a share price increase of 3.74%, reaching HKD 1.11 [1] - Country Garden (02007.HK) rose by 3.45%, with shares priced at HKD 0.6 [1] - China Overseas Macro Group (00081.HK) experienced a 2.85% increase, with shares at HKD 2.53 [1] - Shimao Group (00813.HK) increased by 2.56%, with shares priced at HKD 0.4 [1]

Group 1 - The core viewpoint of the article highlights a collective rise in Hong Kong's property stocks, driven by government reforms aimed at stabilizing the real estate market and addressing sector challenges [1] - The Ministry of Housing and Urban-Rural Development of China has announced plans to deepen reforms and promote breakthroughs in housing, real estate, urban construction, and the construction industry [1] - Several property companies are undergoing domestic debt restructuring, including Country Garden, Sunac China, Longfor Group, and CIFI Holdings [1] Group 2 - Notably, the luxury housing market in Shanghai has seen a surge, with a recent launch of 120 units in the Kerry Jinling Huating Phase II selling out completely, generating a sales revenue of 9.843 billion yuan in a single day [1] - Specific property stocks such as Longfor Group and Jianfa International have seen increases of nearly 4%, while Shimao Group and China Overseas Grand Oceans have risen by nearly 3% [1] - The article provides a detailed list of stock performance for various property companies, indicating positive market sentiment [1]

Group 1 - The core viewpoint of the article highlights the upward movement of Chinese property stocks, driven by recent policy adjustments in major cities [1] - Longfor Group (03380) increased by 3.74% to HKD 1.11, Country Garden (02007) rose by 3.45% to HKD 0.6, China Overseas Macro Group (00081) gained 2.85% to HKD 2.53, and Shimao Group (00813) went up by 2.56% to HKD 0.4 [1] - Since August, first-tier cities like Beijing and Shanghai have implemented optimized purchase restrictions, with Shanghai's finance bureau announcing adjustments to property tax policies on September 19 [1] Group 2 - Guojin Securities noted that the recent policy changes in first-tier cities, combined with the seasonal demand peak, are expected to help stabilize the real estate market [1] - August real estate data indicates a continued need for more policies to support the market's recovery, with expectations for further policy enhancements [1] - The current valuation of the real estate sector is considered low, suggesting a buying opportunity for investors [1]

Group 1 - Country Garden's stock fell over 10% [1] - Shimao Group's stock declined by 8% [1] - CIFI Holdings and Agile Group both dropped by 7% [1] - R&F Properties and Sunac China also experienced declines [1]

Group 1 - Hong Kong property stocks experienced a significant decline on September 18, with Country Garden (02007.HK) dropping over 10% [2] - Other notable declines included Shimao Group (00813.HK) down 8%, and CIFI Holdings (00884.HK) and Agile Group (03383.HK) both falling 7% [2] - Further declines were observed in R&F Properties (02777.HK), Vanke Enterprises (02202.HK), and Sunac China (01918.HK), each decreasing by over 6% [2]

| 代码 | 名称 | 涨跌幅 ^ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | | 09993 | 金辉控股 | 0 -8.97% | 2.840 | 114.88亿 | | 02007 | 碧桂元 | -8.70% | 0.630 | 176.33 Z | | 00813 | 世茂集团 | -8.24% | 0.390 | 31.32亿 | | 03383 | 雅居乐集团 | -7.41% | 0.500 | 25.23 乙 | | 00884 | 旭辉控股集团 | -7.17% | 0.246 | 25.85 乙 | | 02772 | 中梁控股 | -6.90% | 0.081 | 3.54Z | | 02777 | 富力地产 | -6.76% | 0.690 | 25.89亿 | | 03377 | 远洋集团 | -6.32% | 0.163 | 18.97亿 | | 01918 | 融创中国 | -6.21% | 1.660 | 190.4 Z | | 02202 | 万科企业 | -6.13% | 5.510 | 657.38 Z | | 03301 ...

Group 1 - The Hong Kong real estate stocks continue to decline, with Country Garden down 8.7%, Jin Hui Holdings down 8%, and Zhongliang Holdings down 7% [1] - The National Bureau of Statistics reported that from January to August, national real estate development investment reached 60,309 billion yuan, a year-on-year decrease of 12.9%, with residential investment at 46,382 billion yuan, down 11.9% [1] - The funding for real estate development enterprises decreased by 8% year-on-year, with personal mortgage loans dropping by 10.5% [1] Group 2 - Analysts indicate that the current real estate data shows a comprehensive weakening, with both development investment and personal mortgage loans declining, confirming that the market is still in a deep adjustment period [1] - Recently, several key cities have introduced favorable policies to promote the stable and healthy development of the real estate market, particularly in terms of easing purchase restrictions, with notable adjustments in Beijing, Shanghai, and Shenzhen [1]

消息面上，近日，多家房企债务重组取得新进展。9月15日下午，旭辉集团披露，公司7笔境内债整体重 组方案获债券持有人会议表决通过，涉及金额合计约100.6亿元。此外，佳兆业集团9月2日宣布，其境 外债务重组取得关键性进展。通过债务展期、债转股、资产处置等方式，佳兆业对原有债务结构进行系 统性优化，重组方案预计于9月底正式落地生效。而在此之前，龙光境内债以及世茂、禹洲等房企境外 债重组，先后获通过。 另外，北京时间9月18日凌晨，市场将迎来美联储9月议息会议结果。市场观点普遍认为，9月美联储降 息"板上钉钉"。国金证券表示，考虑到美联储降息预期提升刺激流动性，当前地产板块估值偏低，建议 逢低配置地产股。国信证券认为，8月地产基本面进一步走弱，考虑到当前地产基本面尤其是房价走 势，地产股很难有趋势性行情，但8月以来，北京、上海、深圳陆续出台放松限购限贷的地产新政，9月 依然是地产股政策博弈窗口期。 内房股尾盘拉升，截至发稿，碧桂园(02007)涨12.9%，报0.7港元；世茂集团(00813)涨8.86%，报0.43港 元；富力地产(02777)涨7.25%，报0.74港元；远洋集团(03377)涨6.13%，报0 ...