FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 旭輝控股(集團)有限公司 (於開曼群島註冊成立的有限公司) 呈交日期： 2026年1月28日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | | 證券代號 (如上市) 00884 | 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | ...

Group 1: Domestic News - The UK Prime Minister Starmer will visit China from January 28 to 31, marking the first visit by a UK Prime Minister in eight years, with discussions on trade and investment cooperation expected [2] - The Ministry of Human Resources and Social Security plans to expand the scale of entrusted investment of the basic pension insurance fund, with the total income of three social insurance funds reaching 9.1 trillion yuan and total expenditure at 8.1 trillion yuan by the end of 2025 [2] - By the end of 2025, the loan acquisition rate for technology-based small and medium-sized enterprises reached 50.2%, an increase of 2 percentage points from the previous year [3] Group 2: Economic Indicators - The profits of industrial enterprises above designated size in China increased by 0.6% year-on-year in 2025, reversing a three-year decline, with significant contributions from equipment manufacturing and high-tech industries [3] - Jilin Province has successfully exited the list of key local debt provinces, achieving the standards set in its 14th Five-Year Plan [4] Group 3: International News - The Federal Reserve is expected to pause interest rate cuts for the first time since September, maintaining the benchmark rate between 3.5% and 3.75% [5] - India and the EU have finalized a historic free trade agreement, with India agreeing to eliminate tariffs on over 90% of EU goods, marking a significant shift in trade relations [6] Group 4: Market Dynamics - The bond market showed fluctuations with the stock market's performance, as the yield on the 10-year government bond rose by 0.70 basis points to 1.8320% [11] - The convertible bond market saw a collective increase in major indices, although most individual convertible bonds experienced declines, with 162 bonds rising and 207 falling [14] Group 5: Commodity Prices - International crude oil prices increased, with WTI crude rising by 2.90% to $62.39 per barrel, while natural gas prices saw a slight decline [7] Group 6: Financial Operations - The central bank conducted a reverse repurchase operation of 402 billion yuan at a fixed rate, resulting in a net injection of 78 billion yuan into the market [8] - The money market showed improvement with the DR001 rate decreasing by 5.00 basis points to 1.367% [9]

当前房地产行业正经历深刻的结构性调整，债务重组已成为检验出险房企生存能力与经营韧性的关键指 标。2025年底，旭辉控股(00884)宣布完成境内外债务重组，预计削减约430亿元债务，并将存量债务结 构由"短期高息"转向"长期低息"，标志着公司正稳步走出流动性危机的严峻阶段。 在重组方案逐步落地过程中，前期化债过程中形成的强制可转债(MCB)陆续进入转股与流通阶段，带来 阶段性股份供给增加。近期市场成交明显放量，股价出现阶段性波动。然而从债务重组的内在逻辑看， 这一过程属于市场化化债中的常见阶段性现象，并未动摇旭辉长期向好的发展根基。 转股抛压带来短期波动，实为债务重组落地的必经阶段 从资产价值角度评估，即便考虑转股带来的股本扩张，在债务重组带来的净资产大幅增厚效应下，每股 净资产仍有望维持在接近1港元的水平，这为公司内在价值和估值提供了扎实的安全边际。相比之下， 当前旭辉股价不足0.1港元，对应预期市净率不到0.1倍，不仅明显低于内房行业平均水平，也大幅偏离 公司自身历史估值区间，已进入罕见的低估状态，由于"短期超卖"带来的长期投资价值已然凸显。 随着MCB转股带来的阶段性抛压逐步消化，以及重组后业务修复与经 ...

智通财经APP获悉，当前房地产行业正经历深刻的结构性调整，债务重组已成为检验出险房企生存能力 与经营韧性的关键指标。2025年底，旭辉控股(00884)宣布完成境内外债务重组，预计削减约430亿元债 务，并将存量债务结构由"短期高息"转向"长期低息"，标志着公司正稳步走出流动性危机的严峻阶段。 在重组方案逐步落地过程中，前期化债过程中形成的强制可转债(MCB)陆续进入转股与流通阶段，带来 阶段性股份供给增加。近期市场成交明显放量，股价出现阶段性波动。然而从债务重组的内在逻辑看， 这一过程属于市场化化债中的常见阶段性现象，并未动摇旭辉长期向好的发展根基。 转股抛压带来短期波动，实为债务重组落地的必经阶段 从交易层面分析，旭辉股价波动的直接原因来自于MCB转股后的阶段性供给增加，短期内股本扩张速 度超过市场消化能力，对股价形成压力。但这并非旭辉特有情况，而是行业通过市场化手段实现实质性 债务重组的普遍路径。观察同类案例可见，房企借助债转股等工具压降债务规模，往往伴随阶段性股本 稀释及部分机构因流动性等因素的抛售行为。尽管短期内对股价造成扰动，但这一"短期阵痛"换来的却 是资产负债表的系统性修复，是企业实现"轻装上 ...

1. Report Industry Investment Rating - No information provided about the industry investment rating in the given content 2. Core View of the Report - The bond market has recovered, and credit has followed the decline in interest rates. The credit spreads in the 3 - 7Y period have all converged. The yields of various - term credit bonds have also significantly declined, and the credit spreads of different - term and - grade bonds have shown different changes [3][10] - The spreads of urban investment bonds have generally decreased by 2BP, with spreads of different - rated and - level platforms showing varying degrees of decline [4][15][19] - The spreads of real - estate bonds have generally continued to widen, but the spread of Vanke has been significantly compressed. The spreads of other industrial bonds have slightly declined [4][25] - The yields of secondary - tier and perpetual bonds have continued to decline, with the largest decline in spreads in the 3Y period [5][33] - The excess spreads of industrial perpetual bonds have widened, while the excess spreads of urban investment perpetual bonds have shown differentiation [5][36] 3. Summary According to Relevant Catalogs 3.1 Bond Market and Credit Spreads Convergence - This week, the bond market recovered, and the interest - rate curve steeply declined. The yields of 1Y, 3Y, 5Y, 7Y, and 10Y CDB bonds decreased by 2BP, 1BP, 2BP, 3BP, and 4BP respectively. The yields of various - term credit bonds also dropped significantly. From the perspective of credit spreads, the 3 - 7Y credit spreads all narrowed [3][10] 3.2 Urban Investment Bond Spreads - The spreads of urban investment bonds decreased by 2BP overall. The credit spreads of external - rated AAA, AA +, and AA platforms all decreased by 2BP compared to last week. By administrative level, the credit spreads of provincial, municipal, and district - county platforms decreased by 2BP compared to last week [4][15][19] 3.3 Real - Estate and Other Industrial Bond Spreads - The spreads of real - estate bonds continued to widen overall, but the spread of Vanke was greatly compressed. The spreads of other industrial bonds slightly declined. The spreads of central - state - owned real - estate bonds widened by 4BP, state - owned real - estate bonds by 1BP, private real - estate bonds by 17BP, and mixed - ownership real - estate bonds converged by 103BP [4][25] 3.4 Secondary - Tier and Perpetual Bond Yields and Spreads - This week, the yields of secondary - tier and perpetual bonds continued to decline, with the largest decline in spreads in the 3Y period. The yields of different - grade 1Y secondary - tier capital bonds decreased by 1 - 2BP, and perpetual bonds by 2BP; 3Y secondary - tier capital bonds by 3BP, and perpetual bonds by 4BP; 5Y secondary - tier capital bonds by 2 - 4BP, and perpetual bonds by 1 - 2BP; 10Y secondary - tier capital bonds by 5BP, and perpetual bonds by 4BP [5][33] 3.5 Excess Spreads of Industrial and Urban Investment Perpetual Bonds - This week, the excess spread of 3Y industrial AAA - grade perpetual bonds widened by 0.26BP to 14.67BP, and the 5Y by 0.01BP to 13.21BP. The 3Y urban - investment AAA - grade perpetual - bond excess spread decreased by 0.48BP to 4.03BP, and the 5Y increased by 3.21BP to 13.34BP [5][36] 3.6 Credit Spread Database Compilation Instructions - The overall market credit spreads, commercial - bank secondary - tier spreads, and urban - investment/industrial perpetual - bond credit spreads are based on ChinaBond medium - and short - term note and ChinaBond perpetual - bond data. The historical quantiles are since the beginning of 2015. The credit spreads related to urban - investment and industrial bonds are compiled and statistically analyzed by the Huafu Securities Research Institute, and the historical quantiles are also since the beginning of 2015 [38][40]

于2026年1月21日，由公司发行的强制性可换股债券所附转换权获行使而配发及发行6.29亿股股份。 旭辉控股集团(00884)发布公告，于2026年1月20日，由公司发行的强制性可换股债券所附转换权获行使 而配发及发行9106.68万股股份。 于2026年1月22日，由公司发行的强制性可换股债券所附转换权获行使而配发及发行1.01亿股股份。 ...

于2026年1月21日，由公司发行的强制性可换股债券所附转换权获行使而配发及发行6.29亿股股份。 智通财经APP讯，旭辉控股集团(00884)发布公告，于2026年1月20日，由公司发行的强制性可换股债券 所附转换权获行使而配发及发行9106.68万股股份。 于2026年1月22日，由公司发行的强制性可换股债券所附转换权获行使而配发及发行1.01亿股股份。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 旭輝控股(集團)有限公司 (於開曼群島註冊成立的有限公司) 呈交日期： 2026年1月23日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | | 是 | | | | 證券代號 (如上市) | 00884 | 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | ...

52周新高排行 | 股票名称 | 收盘价 | 最高价 | 创高率 | | --- | --- | --- | --- | | 十方控股(01831) | 0.610 | 0.900 | 57.89% | | 法拉帝(09638) | 40.000 | 40.000 | 17.65% | | 亨得利(03389) | 0.166 | 0.170 | 12.58% | | 天数智芯(09903) | 215.000 | 220.000 | 12.47% | | 德祥地产(00199) | 1.420 | 1.760 | 11.39% | | 中生北控生物科技 | 4.000 | 7.000 | 11.11% | | (08247) | | | | | 迪诺斯环保(01452) | 0.173 | 0.183 | 10.91% | | 鼎亿集团投资(00508) | 0.530 | 0.550 | 10.00% | | 智汇矿业(02546) | 12.900 | 12.950 | 9.75% | | 建滔积层板(01888) | 14.820 | 15.680 | 8.51% | | 域高国际控股(01621) ...

在最近有统计数据的5个交易日内，钧达股份（02865）、中庆股份（01855）、康龙化成（03759）港股 通持股占比增加值最大，分别增加13.48%、6.42%、4.45%；华夏恆生科技（03088）、南京熊猫电子股 份（00553）、旭辉控股集团（00884）港股通持股占比减少值最大，分别减 少-14.18%、-4.58%、-4.31%。 具体数据如下（交易所数据根据T+2日结算）： 智通财经APP获悉，根据2026年1月21日披露数据，三花智控（02050）、狮腾控股（02562）、中远海 能（01138）港股通持股占比增加值最大，分别增加2.19%、1.89%、1.47%；优必选（09880）、迈富时 （02556）、微盟集团（02013）港股通持股占比减少值最大，分别减少-0.85%、-0.70%、-0.68%。 4、港股通5日占减持榜（前10名） | 公司名称 | 占比值变动 | 最新持股比例 | | --- | --- | --- | | 华夏恆生科技(03088) | -14.18% | 6.09% | | 南京熊猫电子股份(00553) | -4.58% | 45.48% | | 旭辉控股集 ...