Group 1 - Longfor Group Holdings Limited announced a final dividend of RMB 0.1 per share for the year ending December 31, 2024 [1] - The default option for the dividend is cash, with shareholders having the choice to convert the cash dividend into shares at a conversion price of HKD 10.394 per share [1] - Key dates include the approval date for shareholders on June 18, 2025, the ex-dividend date on August 14, 2025, the record date on August 20, 2025, and the dividend payment date on September 26, 2025 [1]

Group 1 - The company, Longfor Group (00960), announced a final dividend of HKD 0.1094 per share to be distributed on September 26, 2025 [1]

Core Viewpoint - Longfor Group (00960) announced a final dividend of HKD 0.1094 per share to be distributed on September 26, 2025 [1] Group 1 - The final dividend per share is set at HKD 0.1094 [1]

EF003 免責聲明 | 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。 | 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 | | --- | --- | | | 股票發行人現金股息（可選擇以股份代替）公告 | | 發行人名稱 | 龍湖集團控股有限公司 | | 股份代號 | 00960 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二四年十二月三十一日止年度之末期股息 | | 公告日期 | 2025年9月8日 | | 公告狀態 | 更新公告 | | 更新/撤回理由 | 更新現金股息轉換為代息股份的價格 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年12月31日 | | 宣派股息 | 每 股 0.1 RMB | | 股東批准日期 | 2025年6月18日 | | 預設選項 | 現金 | | 代息股份信息 | | | ...

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之內容概不負責，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 而產生或因依賴該等內容而引致之任何損失承擔任何責任。 LONGFOR GROUP HOLDINGS LIMITED 龍湖集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：960） | 將收取之新股股份數目 | | 於記錄日期持有 | | 0.1094港元（每股二零二四年 | | --- | --- | --- | --- | --- | | （向下調整至最接近 | = | 且選擇收取新股之 | X | 度末期 股息折算至港元） | | 之整數） | | 現有股份數目 | | 10.3940港元 | –1– 概無任何股東根據以股代息計劃獲發行零碎股份，向每名合資格股東配發及發行之新股 數目將向下調整至最接近之整數。新股之零碎配額將不予配發。根據以股代息計劃可予 發行之新股將在各方面與現有已發行股份享有同等權益，惟該等新股將不會享有二零二 四年度末期股息。 所有居於香港以外地區之股東應諮詢彼等之專業顧問，關於彼等是否必須獲得任何政府 或其他方面之 ...

Group 1 - The core viewpoint of the news is that Hong Kong property stocks, particularly Country Garden, saw significant gains following the inclusion in the Hong Kong Stock Connect, with Country Garden rising over 14% [1] - Other property stocks also experienced notable increases, including CIFI Holdings and China Overseas Land & Investment, which rose over 5%, and several others like Vanke and Longfor Group, which rose over 3% [1] - The surge in property stocks is attributed to a new housing policy introduced in Shenzhen on September 5, which relaxed housing purchase restrictions and adjusted housing credit policies [1] Group 2 - The new housing policy in Shenzhen allows for significant relaxation of purchase restrictions in non-core areas, which is more substantial compared to the new policies introduced in Beijing and Shanghai in August [1] - The policy change includes the removal of differentiated mortgage rates for first and second homes, which is expected to stimulate the housing market [1] - The report from CITIC Securities highlights that the new measures are likely to have a positive impact on the property market in Shenzhen [1]

Core Viewpoint - The "Li Jia Yu Lake District Waterfront Street" project aims to create a world-class urban sample within a 1KM² area, integrating international vision with local culture, set to open in 2027 [1][3][8] Group 1: Project Overview - The project is inspired by global best practices, such as Japan's Hibiya Park and New York's High Line, aiming to create a symbiotic relationship between nature and commerce [3][5] - It will feature a "beautiful external street" concept, characterized by open architectural forms and deep integration with green landscapes, creating a multifunctional third space [5][7] - The overall plan includes a main scenic axis and four high-end scenes, connecting three distinctive pathways: park road, commercial street, and tree-lined road [5][8] Group 2: Design and Features - The commercial area will reflect the cultural heritage of Sichuan and Chongqing, incorporating local cultural elements into the design [7][13] - The park road will serve as an artistic showcase, blending nature with art installations, while the commercial street will utilize modern materials and structures [7][8] - The project aims to provide a seamless experience for residents, integrating various leisure activities such as running, camping, and family events [9][12] Group 3: Future Developments - The first phase of construction is set to be completed by Q4 2026, with the official opening planned for Q4 2027, ensuring that residents can enjoy the amenities upon moving in [8][12] - The project will also introduce new residential offerings, emphasizing high-quality living standards and luxury services [12][13] - The integration of nature, commerce, and culture is expected to fill a gap in the high-end waterfront market in Chongqing, providing a comprehensive urban upgrade solution [13]

Core Viewpoint - The real estate industry in China is transitioning from a high-debt, high-leverage model to a new phase focused on "survival quality" and "new model exploration," indicating a shift from mere scale expansion to quality and service enhancement [1] Group 1: Market Consensus and Divergence - There is a consensus that the market has largely bottomed out, with limited room for further decline due to supportive policies like "guaranteeing delivery" and reduced down payments [2] - Divergence is evident among cities, with first-tier and strong second-tier cities showing resilient demand, while third and fourth-tier cities face high inventory and weak demand [2] - Financially stable state-owned and quality private enterprises are gaining market share, while heavily indebted firms struggle for survival, leading to increased industry consolidation [2] Group 2: Challenges and Solutions - The execution of supportive policies faces delays, with local fiscal pressures hindering timely implementation of incentives, and buyer confidence remains low, complicating inventory reduction efforts [3] - Inventory clearance is a significant challenge, especially in third and fourth-tier cities where the clearance cycle exceeds 24 months, necessitating innovative approaches from local governments [3] Group 3: Strategic Transformation - Real estate companies are restructuring strategies around reducing debt, ensuring cash flow, improving efficiency, and enhancing product quality, transitioning from developers to operators and service providers [4] - Companies like Longfor and China Jinmao are focusing on financial stability and optimizing land reserves in core cities to mitigate market risks [4] - Enhancing operational efficiency through asset divestment, light asset operations, and digital optimization is a priority for firms aiming to improve overall effectiveness [4] Group 4: Product Quality as a Competitive Focus - The industry is entering a phase where product quality becomes the ultimate competitive focus, with various companies establishing robust product systems to enhance living quality and sustainability [5] - The collaboration between policy and market dynamics is expected to strengthen, leading to a healthier and more sustainable real estate model that prioritizes quality over rapid growth [5]

Core Viewpoint - The "Li Jia Yu Lake District Waterfront Street" project is set to open in 2027, aiming to create a world-class urban sample within a 1KM² area, integrating international vision with local culture [1][8] Group 1: Project Overview - The project is designed as Chongqing's first waterfront core area, inspired by global best practices and developed by the original design team of Taikoo Li [3][6] - It aims to achieve a synergistic effect by integrating waterfronts, parks, new commercial spaces, and high-end residential areas within a 1KM² zone [3][6] Group 2: Design and Features - The design emphasizes an open, park-integrated street layout, creating a multifunctional space that is "walkable, enjoyable, and inviting" [6][7] - The overall plan includes a scenic main axis and four high-end scenarios, connecting three distinct pathways: park paths, commercial streets, and tree-lined avenues [6] Group 3: Market Performance - Since its market launch in 2025, the project has achieved significant sales success, with a total of 1.8 billion yuan in sales over four months, making it a preferred choice for high-net-worth individuals [7] - The upcoming launch of new residential units (2 and 5) will focus on high-quality international living, featuring unique design elements and luxury services [7][8] Group 4: Future Development - The project will enhance the integration of nature, commerce, and culture, filling a gap in Chongqing's high-end waterfront market and providing a model for urban commercial upgrades [8]

Core Viewpoint - The real estate industry is under pressure but is transitioning towards a new growth model, focusing on product quality and operational resilience to navigate upcoming debt peaks [1][8]. Financial Performance - In the first half of the year, 286 listed real estate companies reported a total revenue of 1.85 trillion yuan and a net profit of 851.77 billion yuan, with 89 companies incurring losses totaling 191.2 billion yuan [2]. - Key reasons for performance pressure include a significant decrease in project settlement scale and low gross margins, alongside asset impairment provisions to accelerate inventory turnover [2][3]. Strategic Focus on Quality - The "good house" strategy is seen as both a policy direction and a future development goal for real estate companies, with many firms experiencing sales growth by enhancing product quality [3][4]. - Companies like Longfor Group and Yuexiu Property have successfully implemented strategies that emphasize product quality, resulting in increased sales prices and volumes [3][4]. Diversification into Operational Business - Many real estate firms are developing operational businesses as a second growth curve, with companies like China Resources Land achieving significant revenue from these sectors [5][6]. - Longfor Group reported record revenues from its operational services, while other firms are also expanding into commercial and property management sectors [6][7]. Debt Management and Financial Resilience - The industry faces a debt peak in the second half of 2025, with total debt due expected to reach 530.1 billion yuan, necessitating proactive debt management strategies [8][9]. - Companies are optimizing their debt structures and exploring diverse financing channels, such as operating property loans and public REITs, to enhance financial safety [9][10]. Future Outlook - The financing environment for quality real estate firms is improving, with a focus on stabilizing cash flows and reducing debt levels to navigate the upcoming challenges [10].