来源：环球网 【环球网综合报道】8月11日，中国金茂控股集团有限公司发布了2025年7月未经审核销售数据。 公告显示，中国金茂7月份签约销售金额为84.6亿元，签约销售建筑面积为37.66万平方米。1-7月，中国 金茂累计签约销售金额为618.07亿元，累计签约销售建筑面积为277.05万平方米。截至7月31日，中国金 茂已认购（未签约）物业销售金额为5.67亿元。 图源：中国金茂公告 ...

Investment Rating - The report maintains a "Recommended" rating for the industry, suggesting a potential increase of over 15% relative to the benchmark index within the next 12 months [9]. Core Insights - In July 2025, the land supply in 23 key cities in China saw a significant decrease in planned construction area, with a month-on-month decline of 62.9%, totaling 343.9 million square meters [1]. - The total land transaction amount reached 888.88 billion yuan, reflecting a 41% decrease compared to the previous month [1]. - The land transaction premium rate in July 2025 rose to 12.41%, indicating a notable recovery since the beginning of the year [3]. - China Resources Land led the land acquisition with 15 plots, totaling 906.69 billion yuan [3]. Summary by Sections Land Supply and Transactions - In July 2025, 106 residential land plots were launched, with 113 plots successfully transacted, amounting to a total planned construction area of 653.68 million square meters [1]. - The land transaction premium rate has shown a significant increase, indicating a recovery in market confidence [3]. Company Land Acquisition - The report highlights the land acquisition activities of major companies, with China Resources Land acquiring the most plots, followed by Greentown China and China Merchants Shekou [4]. - The average land price per square meter for China Resources Land was 20,422 yuan, while Greentown China had an average of 25,031 yuan per square meter [4]. Investment Recommendations - The report suggests focusing on China Jinmao, which has shown significant land acquisition activity and improvements in corporate governance [4].

8月11日，合生创展披露7月未经审核经营简报。简报显示，7月合生创展连同其附属公司及其合营公司 及联营公司的总合约销售金额约为11.19亿元。其中，物业合约销售约8.94亿元；装修合约销售约2.25亿 元。 【4】旭辉控股7月合同销售额10.4亿元 8月11日，旭辉控股披露7月未经审核经营简报。简报显示，7月旭辉控股合同销售金额约为10.4亿元， 合同销售面积约为9.13万平方米，合同销售均价约为1.28万元/平方米。公司股东权益应占合同销售金额 约为6亿元。 【5】新城控股7月销售额16.61亿元 据悉，征集房源需满足所属项目资产负债和法律关系清晰；征集房源所属项目已取得竣工验收备案证 明，权属清晰可交易，可以办理不动产权证书；征集房源用作保障性租赁住房的，户型建筑面积不超过 70平方米。征集房源用作配售型保障性住房的，户型建筑面积不超过90平方米。收购价格以同地段保障 性住房重置价格为参考上限。 【2】中国金茂7月销售额84.6亿元 8月11日，中国金茂披露7月销售简报。简报显示，7月中国金茂及其附属公司签约销售金额为84.6亿 元，签约销售建筑面积约37.66万平方米。 【3】合生创展7月合约销售额11 ...

Major Events - Tianyue Advanced (02631) plans to globally offer 47.7457 million H-shares from August 11 to August 14 [1] - Hengrui Medicine (01276) has its injection drugs listed in the proposed breakthrough treatment varieties public notice [1] - Shoucheng Holdings (00697) invests in Southern Universal Data Center REIT and Southern Runze Technology Data Center REIT [1] - Boyaa Interactive (00434) is included in the MSCI Global Small Cap Index [1] Financial Performance - Yum China (09987) reports a net profit of $507 million, an increase of 1.6% year-on-year [1] - Master Kong Holdings (00322) announces a profit attributable to shareholders of 2.271 billion yuan, up 20.5% year-on-year [1] - Q Tech (01478) reports a profit of 308 million yuan, a significant increase of 167.59% year-on-year [1] - Hang Wan Technology (01523) announces a net profit of approximately $21.665 million, up about 13.4% year-on-year, with a dividend of 12.34 HK cents per share [1] - Ruipu Lanjun (00666) reports a gross profit of approximately 829 million yuan, a year-on-year growth of 177.8% [1] - Kingdee International (00268) sees a revenue increase of 11.24% to 3.192 billion yuan, with strong growth in cloud business [1] - Yuyuan Group (00551) reports a profit attributable to shareholders of $171 million, a decrease of 7.2% year-on-year [1] - Boyaa Interactive (00434) reports a profit attributable to shareholders of 226 million HKD, down 27.8% year-on-year [1] - Chongqing Machinery and Electric (02722) expects a net profit attributable to shareholders to increase by about 50% year-on-year [1] - Anton Oilfield Services (03337) anticipates a significant profit increase of 41.6% to 60.5% year-on-year [1] - Sany International (00631) expects a net profit of approximately 1.234 billion to 1.332 billion yuan, an increase of 25% to 35% year-on-year [1] - Datang Renewable (01798) reports a cumulative power generation of approximately 21.3563 million MWh in the first seven months, an increase of 11.75% year-on-year [1] - China Jinmao (00817) reports a cumulative contracted sales amount of 61.807 billion yuan in the first seven months, up 23.12% year-on-year [1] - New Town Development (01030) reports a cumulative contract sales amount of approximately 11.99 billion yuan in the first seven months, down 55.66% year-on-year [1] - Dongfeng Motor Group (00489) reports automobile sales of approximately 978,500 units in the first seven months, a decrease of about 8.9% year-on-year [1] - Hopson Development Holdings (00754) reports a total contracted sales amount of approximately 9.047 billion yuan in the first seven months, down 12.49% year-on-year [1] - Yuyuan Group (00551) reports a net operating income of approximately $667.5 million in July, a year-on-year decrease of 1.9% [1]

北京商报讯（记者 王寅浩 李晗）8月11日，中国金茂披露7月销售简报。简报显示，7月中国金茂及其附 属公司签约销售金额为84.6亿元，签约销售建筑面积约37.66万平方米。 ...

Group 1 - The core point of the article is that China Jinmao (00817) reported a significant increase in signed sales amount and area for July 2025, indicating strong performance in the real estate market [1] - In July 2025, the group achieved a signed sales amount of RMB 8.46 billion, representing a year-on-year growth of 49.47%, with a signed sales area of approximately 376,600 square meters [1] - For the first seven months ending July 31, 2025, the cumulative signed sales amount reached RMB 61.807 billion, showing a year-on-year increase of 23.12%, with a cumulative signed sales area of approximately 2.7705 million square meters [1] Group 2 - As of July 31, 2025, the group has also obtained a subscribed (not yet signed) property sales amount totaling RMB 567 million [1]

此外，于2025年7月31日，集团已取得已认购(未签约)物业销售金额共计人民币5.67亿元。 截至2025年7月31日止7个月，集团累计取得签约销售金额共计人民币618.07亿元(其中包含(如有)长沙梅 溪湖国际新城项目、南京青龙山国际生态新城项目、宁波生命科学城项目、嘉兴上海之窗智慧科学城项 目、郑州二七区马寨新城项目、温州鰲江国际新城项目、金华金茂未来科学城项目及上海横沔城市运营 项目的成交销售金额)，同比增长23.12%，以及累计签约销售建筑面积约277.05万平方米。 智通财经APP讯，中国金茂(00817)发布公告，2025年7月份，该集团取得签约销售金额人民币84.6亿 元，同比增长49.47%，签约销售建筑面积约37.66万平方米。 ...

此外，于2025年7月31日，集团已录得已认购（未签约）物业销售金额共计人民币567百万元。 格隆汇8月11日丨中国金茂(00817.HK)公告，2025年7月份，公司及其附属公司取得签约销售金额人民币 8,460百万元，签约销售建筑面积376,634.63平方米。截至2025年7月31日止7个月，集团累计取得签约销 售金额共计人民币61,807百万元（其中包含（如有）长沙梅溪湖国际新城项目、南京青龙山国际生态新 城项目、宁波生命科学城项目、嘉兴上海之窗智慧科学城项目、郑州二七区马寨新城项目、温州鳌江国 际新城项目、金华金茂未来科学城项目及上海横沔城市运营项目的成交销售金额），以及累计签约销售 建筑面积2,770,492.15平方米。 ...

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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 免責聲明 中國金茂控股集團有限公 司 （於香港註冊成立的有限公司） （股票代號：00817） 公告 2025年7月未經審核銷售數據 中國金茂控股集團有限公司（「本公司」）董事會（「董事會」）謹此公佈，2025年7月 份，本公司及其附屬公司（「本集團」）取得簽約銷售金額人民幣8,460百萬元，簽 約銷售建築面積376,634.63平方米。截至2025年7月31日止7個月，本集團累計取 得簽約銷售金額共計人民幣61,807百萬元（其中包含（如有）長沙梅溪湖國際新城 項目、南京青龍山國際生態新城項目、寧波生命科學城項目、嘉興上海之窗智慧 科學城項目、鄭州二七區馬寨新城項目、溫州鰲江國際新城項目、金華金茂未來 科學城項目及上海橫沔城市運營項目的成交銷售金額），以及累計簽約銷售建築面 積2,770,492.15平方米。 此外，於2025年7月31日，本集團已錄得已認購（未簽約）物業銷售金額共計人民 幣567百萬元 ...

Investment Rating - The investment rating for the real estate industry is "Outperform the Market" (maintained) [2][3]. Core Insights - The new policy in Beijing is seen as a limited measure but may signal the beginning of a new round of easing in the real estate market [4][12]. - The background for the new policy is the failure of Beijing's housing prices to stabilize, with prices declining since March [5][12]. - The marginal release of purchasing power from the new policy is expected to be limited, but it could initiate a new round of easing in first-tier cities [4][12]. - Investment opportunities exist despite the ongoing price decline, with specific stock recommendations including China Jinmao, Greentown China, Beike-W, and I Love My Home [14]. Summary by Sections Policy Changes - On August 8, 2025, Beijing's housing authority announced adjustments to housing purchase policies, allowing families meeting certain criteria to buy unlimited properties outside the Fifth Ring Road [4][16]. - The policy also allows single adults to follow the same purchasing limits as families [17]. Market Conditions - Since March, Beijing's housing prices have resumed their downward trend, with a month-on-month decline of -1.1% over the past two months, returning to levels seen before the "924" policy in 2024 [5][12]. - The price index for Beijing has not shown any advantage compared to other major cities since 2019, with a decline of approximately 20% from the early 2023 peak in key districts [5][12]. Future Expectations - The report anticipates that if the price decline continues for three more months, more substantial "stabilization" policies may be expected [12]. - The overall sentiment among residents regarding future price increases remains pessimistic, with only 8.9% expecting price rises in the second quarter of 2025, marking a historical low [9][10].