期内，集团毛亏约为人民币9.08亿元（2024年上半年：毛利为人民币1500万元）。 归属于本公司权益持有人之期间亏损约为人民币89.34 亿元（2024年上半年：人民币226.68 亿元），与 2024年上半年相比，亏损大幅收窄约60.6%。 于2025年6月30日，本集团的土地储备约为4002万平方米 （权益前）。 公告显示，2025年上半年，集团合约销售额为人民币135.23亿元，合约销售面积为110.9万平方米。营业 额约为人民币148.27亿元。 酒店经营、商业运营、物业管理及其他收入为人民币59.22亿元（2024年上半年：人民币60.21亿元）， 较2024年上半年下降约1.6%。 8月27日，世茂集团发布2025年中期业绩公告。 ...

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]

世茂集团发布公告，于2025年8月20日，根据于2025年7月21日所发行的2026年到期零息强制可换股债券 的转换而配发及发行9.81亿股新股份。 智通财经APP获悉，香港联交所最新资料显示，8月21日，世茂集团(00813)股东将股票存入香港上海汇 丰银行，存仓市值1.86亿港元，占比5.64%。 ...

Group 1 - The core viewpoint of the article highlights a significant acceleration in the debt restructuring process of real estate companies in the second half of the year, with 16 out of 60 distressed companies completing some form of restructuring by early August 2023 [1][2] - The restructuring trend has shifted from "extension" to "debt reduction," with companies utilizing asset swaps and cash buybacks to alleviate long-term debt pressure [1][3] - As of early August, 42 out of 60 distressed companies have disclosed their debt restructuring progress, indicating a more proactive approach compared to previous years [1][2] Group 2 - Among the 16 companies that completed debt restructuring, 8 had their plans approved this year, showcasing a notable increase in the pace of restructuring [2] - The current market conditions have led creditors to adjust their expectations for debt recovery, favoring restructuring over bankruptcy to improve debt repayment rates [2][4] - The debt reduction strategies employed by companies, such as debt-to-equity swaps, have resulted in some firms reducing their debt levels by over 50% [3][4] Group 3 - Several companies have shown signs of operational improvement and sales recovery, indicating a new phase of risk clearance in the real estate sector [5][6] - For instance, Sunac China reported a continuous increase in sales for three consecutive months, with sales figures showing significant year-on-year growth [6] - The Chinese government has implemented various measures to stabilize the real estate market, which is expected to facilitate a quicker return to normal operations for companies post-restructuring [6]