Group 1 - Hong Kong property stocks experienced a significant rise, with Shimao Group, Ronshine China, and Vanke Enterprises increasing by over 5%, while Sunac China rose by 4.5% [1] - Other notable increases included Greentown China, Agile Group, Jinhui Holdings, and Country Garden, all rising by over 3%, and CIFI Holdings, China Jinmao, Longfor Group, and New City Development increasing by over 2% [1] Group 2 - The Central Economic Work Conference held from December 10 to 11 in Beijing emphasized the need to stabilize the real estate market, implementing city-specific policies to control supply, reduce inventory, and improve supply [1] - The conference also highlighted the importance of reforming the housing provident fund system and promoting the construction of quality housing [1] - Measures to actively and orderly resolve local government debt risks were discussed, including urging local governments to proactively manage debt and preventing the illegal addition of hidden debts [1]

Core Viewpoint - CIFI Holdings Group reported its unaudited operational data for November 2025, indicating a significant performance in contract sales and sales area [1] Group 1: November 2025 Performance - In November 2025, CIFI Holdings recorded contract sales amounting to approximately RMB 930 million, with a sales area of about 82,700 square meters and an average contract sales price of approximately RMB 11,500 per square meter [1] Group 2: Year-to-Date Performance - From January to November 2025, CIFI Holdings achieved cumulative contract sales of approximately RMB 15.1 billion, covering a sales area of about 1.4437 million square meters, with an average contract sales price of approximately RMB 10,900 per square meter [1]

Group 1 - The Hong Kong stock market saw a collective surge in property stocks, with Vanke Enterprises rising by 17% [1] - Sunac China and Jin Hui Holdings both increased by over 11% [1] - Other notable gains included Agile Group, Shimao Group, and China Jinmao, which all rose by over 9%, while Country Garden increased by over 7% [1] - Oceanwide Holdings, R&F Properties, and CIFI Holdings all saw increases of over 6% [1]

Market Performance - The Hong Kong stock market continued to show weakness, with the Hang Seng Index down 0.43% to 25,324.75 points, the Hang Seng Tech Index down 0.68%, and the National Enterprises Index down 0.51% [1] - Major technology stocks exhibited mixed performance, with NetEase and Bilibili down over 1%, Tencent down 1%, while Meituan rose over 1% [1] - Precious metals performed strongly, with silver reaching a historical high and gold-related stocks rising, including Lingbao Gold which increased nearly 10% [1] - Shipping stocks declined, with Pacific Basin Shipping down 9.5% and Orient Overseas International down 5% [1] - The photovoltaic sector also fell, with China Metallurgical Group down 4.3% and other companies like Xinyi Solar and Flat Glass down over 3% [1] Company News - Datang New Energy reported a cumulative power generation of approximately 31.6521 million MWh in the first 11 months, an increase of 10.58% year-on-year [2] - Jiangshan Holdings reported a total solar power generation of approximately 279.78 thousand MWh in the first 11 months, a decrease of 5.61% year-on-year [3] - New City Development reported a cumulative contract sales amount of approximately 17.917 billion yuan in the first 11 months, a decrease of 51.53% year-on-year [4] - Longfor Group achieved a total contract sales amount of 59.39 billion yuan in the first 11 months [5] - CIFI Holdings reported a cumulative contract sales amount of approximately 15.1 billion yuan in the first 11 months [6] Institutional Insights - Dongwu Securities indicated that the Hong Kong stock market is still in a left-side phase, with a rebound needing to wait, but mid-term positioning appears attractive [12] - Huaxia Fund noted that the previous irrational panic in the tech sector has eased, and the future outlook for AI development is pragmatic with clear commercialization paths [12] - China International Capital Corporation highlighted that the recent weakness in the Hong Kong market is due to multiple factors including a declining credit cycle and liquidity pressure [13] - Everbright Securities mentioned that after a rebound in 2025, the current Hang Seng Index P/E ratio is above the past five-year average, indicating overall valuation repair but still within a reasonable range [13]

Major Events - HASHKEY HLDGS (03887) plans to conduct an IPO from December 9 to December 12, aiming to globally offer 241 million shares and has secured cornerstone investors including UBS AM Singapore [1] - Tuda Tong (02665) is set to list on December 10 with a share price of HKD 10 [1] - Federated Pharmaceuticals (03933) has received approval from the National Medical Products Administration for its moxifloxacin hydrochloride eye drops [1] - Shou Cheng Holdings (00697) has attracted investments from Beijing Robotics Fund and Shou Bao Fund for its subsidiary Yun Shen Chu Technology [1] - Botai Vehicle Link (02889) has been selected by a leading OEM in the new energy vehicle sector as a supplier for the next-generation smart car cockpit project [1] - Guangdong-Hong Kong-Macau Holdings (01396) subsidiary Tiandun Data has signed a strategic cooperation agreement with Huagong Technology (000988.SZ) [1] Operating Performance - China Life Insurance (02628) reported total premiums exceeding CNY 700 billion by the end of November [1] - Datang Renewable (01798) achieved a cumulative power generation of approximately 31.6521 million MWh in the first 11 months, representing a year-on-year increase of 10.58% [1] - Longfor Group (00960) recorded total contract sales of CNY 59.39 billion in the first 11 months [1] - China Jinmao (00817) reported a cumulative contracted sales amount of CNY 100.679 billion in the first 11 months, reflecting a year-on-year growth of 21.3% [1] - New Town Development (01030) reported a cumulative contract sales amount of approximately CNY 17.917 billion in the first 11 months, a year-on-year decrease of 51.53% [1] - CIFI Holdings Group (00884) achieved a cumulative contract sales amount of approximately CNY 15.1 billion in the first 11 months [1]

Core Viewpoint - CIFI Holdings reported its November unaudited operating summary, indicating a total contract sales amount of approximately 930 million yuan, with a contract sales area of about 82,700 square meters and an average contract sales price of approximately 11,500 yuan per square meter [1] Summary by Relevant Categories Sales Performance - The total contract sales amount for November was approximately 930 million yuan [1] - The contract sales area reached about 82,700 square meters [1] - The average contract sales price was approximately 11,500 yuan per square meter [1] Shareholder Equity - The shareholder equity attributable to the contract sales amount was approximately 560 million yuan [1]

Core Viewpoint - CIFI Holdings Group (00884) reported a contract sales amount of approximately RMB 930 million for November 2025, with a contract sales area of about 82,700 square meters and an average contract sales price of approximately RMB 11,500 per square meter [1] Summary by Relevant Categories Contract Sales Performance - For November 2025, the company achieved a contract sales amount of approximately RMB 930 million, with a total sales area of about 82,700 square meters [1] - The average contract sales price for November 2025 was approximately RMB 11,500 per square meter [1] Cumulative Contract Sales - From January to November 2025, the company recorded cumulative contract sales amounting to approximately RMB 15.1 billion, with a total sales area of about 1,443,700 square meters [1] - The average contract sales price for the cumulative period was approximately RMB 10,900 per square meter [1] - The company's attributable contract sales amount to shareholders was approximately RMB 7.8 billion for the cumulative period [1]

旭辉控股集团(00884)发布公告，于2025年11月，本集团取得合同销售(连合营企业及联营公司的合同销 售)金额约人民币9.3亿元及合同销售面积约82,700平方米，合同销售均价约人民币11,500元/平方米，及 本公司股东权益应占合同销售金额约人民币5.6亿元。 于2025年1月至11月，本集团取得累计合同销售(连合营企业及联营公司的合同销售)金额约人民币151.0 亿元及合同销售面积约1,443,700平方米，合同销售均价约人民币10,900元/平方米，及本公司股东权益 应占合同销售金额约人民币78.0亿元。 ...

Core Viewpoint - CIFI Holdings (00884.HK) reported significant contract sales figures for November 2025, indicating a stable performance in the real estate market [1] Group 1: November 2025 Performance - The company recorded contract sales amounting to approximately RMB 930 million and a sales area of about 82,700 square meters [1] - The average contract sales price was approximately RMB 11,500 per square meter [1] - The equity attributable to shareholders from contract sales was approximately RMB 560 million [1] Group 2: Cumulative Performance from January to November 2025 - The total contract sales for the period reached approximately RMB 15.1 billion, with a total sales area of about 1,443,700 square meters [1] - The average contract sales price for this period was approximately RMB 10,900 per square meter [1] - The equity attributable to shareholders from cumulative contract sales was approximately RMB 7.8 billion [1]

（於開曼群島註冊成立的有限公司） （股份代號：00884） （債務股份代號：05261、40464、40519、40681、40682） 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。 CIFI Holdings (Group) Co. Ltd. 旭 輝 控 股（ 集 團 ）有 限 公 司 主席 林中 旭輝控股（ 集團 ）有限公司（「本公司」）董事會（「董事會」）公佈本公司及其附屬公司 （「本集團」）就二零二五年十一月的若干未經審核營運數據如下： 香港，二零二五年十二月九日 於 本 公 告 日 期 ， 董 事 會 成 員 包 括 執 行 董 事 林 中 先 生 、 林 偉 先 生 、 汝 海 林 先 生 、 楊 欣 先 生 及 葛 明 先 生 ； 以 及 獨 立 非 執 行 董 事 張 永 岳 先 生 、 陳 偉 成 先 生 及 林 采 宜 女士。 二零二五年十一月的未經審核營運數據 ...