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。 ( 於開曼群島註冊成立之有限公司 ) (股份代號 : 1109) 根據上市規則第 13.18 條作出的公告 本公告乃根據上市規則第 13.18 條，就本公司與貸款人訂立的該融資協議而作出。該 融資協議訂明（其中包括）對華潤集團設有特定履約責任。 本公告乃由華潤置地有限公司(「本公司」)根據香港聯合交易所有限公司證券上市規則 ( 「上市規則」)第13.18條而作出。 定期貸款融資協議 於二零二五年三月二十六日，本公司作為借款人，與一家銀行作為貸款人(「貸款人｣）， 就壹億整美元的定期貸款融資(「該貸款融資」)，訂立一份貸款融資協議(「該融資協議｣ ）。該貸款融資期限為自該貸款融資被提取款項或擬被提取款項之日起計三年。 華潤(集團)有限公司(「華潤集團」)的特定履約責任 根據該融資協議，如：(i)華潤集團不再為於本公司已發行股本中實益擁有及控制(直接或 間接)合共不少於 35%的單一最大股東，或(ii)華潤 ...

该项目合同显示，项目全称为"华润置地-西安万象里项目西地块一批次总承包工程"，发包人为华润置地众鑫（西安）房地产有限公司（以下简称 华润置地），承包人为福建六建集团有限公司（以下简称福建六建），合同签订日期为2018年12月。 华润置地一项目被指不退还施工方质保金，回应称"统一斟酌" 日前，福建六建集团有限公司相关项目负责人向澎湃新闻（www.thepaper.cn）反映称，该公司承建的"华润置地-西安万象里项目"工程于2022年11 月30日通过竣工验收，质保期也已满二年。但华润置地却迟迟不给退还质保金，导致他们也不能给下游供应商、劳务队支付款项。 关于质保期，双方在合同中约定为24个月，自工程竣工验收合格之日起计算。质保期满二年后，发包人退还全部质保金。竣工验收资料显示，上 述项目于2022年11月30日通过竣工验收，结论为工程质量合格。 后经双方协商，除去已使用的质保金、保留金等款项外，福建六建于2025年2月25日向华润置地递交付款申请书，申请后者返还保证金9345056.98 元。付款申请书还注明了六个收款账户，其中包括一个农民工工资专户和五个法院执行款专户。 2月25日，华润置地方相关负责人已同意 ...

Group 1 - The core viewpoint of the news is that China Resources Land (01109) reported a decrease in net profit while showing growth in revenue and operational efficiency [1] - For the fiscal year ending December 31, 2024, the company achieved a revenue of 278.799 billion yuan, an increase of 11.01% year-on-year [1] - The net profit attributable to shareholders was 25.577 billion yuan, a decrease of 18.45% compared to the previous year [1] - The company proposed a final dividend of 1.119 yuan per share [1] - The regular business revenue grew by 6.6% year-on-year, contributing to 14.9% of total revenue, indicating a stronger second growth curve [1] - The contribution of regular business profit increased by 6.3 percentage points to 40.7%, enhancing the company's sustainable profitability [1] Group 2 - In 2024, the company achieved a contracted sales amount of 261.1 billion yuan, accounting for 2.7% of the national total for commodity housing sales, ranking third in the industry [1] - The company acquired 29 projects with an equity investment of 52.6 billion yuan, maintaining a strong investment intensity within the industry [1] - The operational quality of the property management business improved steadily, with asset management becoming a major contributor to the company's performance and long-term stable cash flow [1] Group 3 - The shopping centers achieved a retail sales figure of 195.3 billion yuan, representing approximately 0.4% of the national total for social consumer goods retail sales, with an overall operating profit margin of 61%, a historical high [2] - By the end of 2024, the company operated 92 shopping centers, opening 16 new ones, the highest in history, with an average opening rate exceeding 95% [2] - The company successfully launched the Xi'an MixC, a landmark project that significantly advanced commercial progress and industry development [2] - The office leasing business maintained an average occupancy rate of 75%, continuing to lead the industry despite market pressures and increased competition [2] - The company achieved historical highs in both new and renewed leasing areas, showcasing the effectiveness of high-quality tenants [2]

| 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 | | | --- | --- | | 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。 | | | | 股票發行人現金股息（可選擇貨幣）公告 | | 發行人名稱 | 華潤置地有限公司 | | 股份代號 | 01109 | | 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的末期股息 | | 公告日期 | 2025年3月25日 | | 公告狀態 | 新公告 | | 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 1.119 RMB | | 股東批准日期 | 2025年6月6日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | | 匯率 | 有待公佈 | | 第一 ...

Financial Performance - The consolidated revenue for the fiscal year 2024 reached RMB 278.8 billion, representing an 11.0% year-on-year growth[2]. - The revenue from development and sales business amounted to RMB 237.15 billion, with an 11.8% increase compared to the previous year[2]. - The net profit attributable to shareholders was RMB 25.58 billion, while the core net profit reached RMB 25.42 billion, with a contribution from regular business core net profit of RMB 10.34 billion, increasing by 6.3 percentage points to 40.7%[2]. - The company reported a total revenue of RMB 278,799,425 thousand for the year ending December 31, 2024, an increase from RMB 251,137,103 thousand in 2023, representing a growth of approximately 11%[4]. - The total comprehensive income for the year was RMB 33,869,044 thousand, compared to RMB 37,596,247 thousand in the previous year, a decrease of approximately 10%[5]. - The company reported a net profit attributable to the company's equity holders was RMB 25,577,359 thousand for 2024, down from RMB 31,365,372 thousand in 2023, reflecting a decline of approximately 18%[4]. - The company’s basic earnings per share decreased to RMB 3.59 from RMB 4.40 year-over-year, a decline of about 18%[4]. - The company’s finance costs increased to RMB 3,181,775 thousand from RMB 1,743,918 thousand, representing an increase of approximately 82%[4]. - The company’s income tax expense for the year was RMB 24,549,743 thousand, compared to RMB 29,134,131 thousand in the previous year, a decrease of about 16%[4]. Dividends - The company proposed a final dividend of RMB 1.119 per share, leading to a total annual dividend of RMB 1.319 per share for fiscal year 2024[3]. - The interim dividend for 2024 is proposed at RMB 0.200 per share, slightly up from RMB 0.198 per share in 2023[28]. - The final dividend for 2024 is proposed at RMB 1.119 per share, down from RMB 1.243 per share in 2023[28]. - The final dividend for the year ending December 31, 2023, is RMB 1.243 per share, amounting to approximately RMB 8,874,504,000, which was approved at the annual general meeting on June 7, 2024[29]. Assets and Liabilities - As of the end of fiscal year 2024, total borrowings amounted to RMB 259.78 billion, with cash and bank balances of RMB 133.21 billion, resulting in a net debt-to-equity ratio of 31.9%[3]. - The company’s total assets increased to RMB 1,200 billion, up from RMB 1,100 billion in the previous year, indicating a growth of approximately 9%[5]. - The company’s total liabilities increased from RMB 584,205,857 thousand in 2022 to RMB 625,030,559 thousand in 2023, reflecting a growth of about 7.0%[7]. - The company’s total liabilities to equity ratio increased from 2.15 in 2022 to 2.34 in 2023, indicating a higher leverage position[7]. - The group’s total debt amounted to RMB 259.78 billion, with a net debt to equity ratio of 31.9%, down 0.7 percentage points from 32.6% at the end of 2023[81]. Revenue Streams - The total revenue from customer contracts recognized at a specific point in time was RMB 237,470,531 thousand, while revenue recognized over a period was RMB 31,742,318 thousand[16]. - The revenue from rental income was RMB 16,673,237 thousand for the fiscal year ending December 31, 2024[16]. - The group achieved a development property revenue of RMB 237.15 billion, an increase of 11.8% year-on-year, with a settlement area of 10.65 million square meters, a decrease of 10.0% year-on-year[63][64]. - The group reported a total estimated asset value of RMB 212.99 billion for shopping centers, accounting for 18.9% of the group's total assets[67]. Operational Highlights - The total contracted sales amount for the year was RMB 261.1 billion, ranking third in the industry, with a contracted area of 11.34 million square meters[3]. - The company signed contracts worth RMB 261.1 billion, accounting for approximately 2.7% of the national commercial housing sales total, ranking third in the industry[40]. - The retail revenue from shopping centers reached RMB 195.3 billion, representing about 0.4% of the national total retail sales of consumer goods, with an operating profit margin of 61%[42]. - The company’s hotel management business generated operating revenue of RMB 2.07 billion, with a continued solid competitive advantage in the region[43]. - The company’s shopping centers opened 16 new locations, achieving the highest number in history, with an average opening rate exceeding 95%[42]. Investment and Growth - The company acquired 29 projects with equity investments totaling RMB 52.6 billion, maintaining a strong investment intensity in the industry[40]. - The group increased its land reserves by acquiring 29 quality land parcels at a total cost of RMB 77.58 billion, adding a total construction area of 3.93 million square meters[75]. - The group plans to maintain a prudent investment strategy focusing on key cities to ensure financial stability and effective investment growth[80]. Sustainability and Corporate Governance - The company was ranked 7th in the "Central Enterprise ESG Pioneer 100" list and 10th in the "China ESG Listed Company Pioneer 100" list, reflecting its commitment to sustainable development[50]. - The company has implemented dynamic monitoring of foreign exchange risk and will adjust strategies based on market conditions[87]. - The company has adhered to corporate governance codes and clarified the division of responsibilities between the chairman and the CEO as of December 23, 2024[90]. Employee and Credit Ratings - The total number of employees in mainland China and Hong Kong was 65,785 as of December 31, 2024[89]. - The company maintained credit ratings of BBB+, Baa1, and BBB+ from S&P, Moody's, and Fitch respectively in 2024[85].

| | | | 委員會 | | | | --- | --- | --- | --- | --- | --- | | 審核 董事 | 薪酬 | 提名 | 企業管治 | 執行 | 可持續發展 | | 委員會 | 委員會 | 委員會 | 委員會 | 委員會 | 委員會 | | 李欣 | | C | M | C | C | | 徐榮 | | | | M | M | | 張大為 | | | | M | | | 郭世清 | | | | M | | | 陳偉 | | | | M | | | M 黃挺 | | | | | | | 魏成林 | | | | | M | | 鐘偉 M | M | M | | | M | | 孫哲 M | M | | | | M | | 陳帆 M | C | M | M | | | | 梁國權 C | M | M | M | | | | 秦虹 M | M | | C | | | 李欣 （主席） 徐榮 （總裁） 張大為 （副主席） 郭世清 陳偉 非執行董事 黃挺 魏成林 獨立非執行董事 鐘偉 孫哲 陳帆 梁國權 秦虹 董事會設立六個委員會。下表提供各董事會成員在該等委員會中所擔任的職位資 料： （ 於 ...

華 潤 置 地 有 限 公 司 （「公 司」或「本 公 司」） 執 行 委 員 會 （根 據 董 事 會 於2017年4月18日 通 過 之 決 議 案 成 立） 之 職 權 範 圍 書 （經 董 事 會 於2017年4月18日 採 納 並 於2025年3月25日 修 訂） 成 立 成 員 秘 書 公 司 的 公 司 秘 書 應 擔 任 委 員 會 秘 書（「秘 書」）。董 事 會 可 不 時 委 任 任 何 其 他 具 備 適 當 資 格 及 經 驗 的 人 士 擔 任 秘 書。 – 1 – 「交 易」 指 具 有 上 市 規 則 賦 予 的 涵 義。 「附 屬 公 司」 指 具 有 上 市 規 則 賦 予 的 涵 義。 「上 市 規 則」 指 聯 交 所 證 券 上 市 規 則（經 不 時 修 訂）。 「聯 交 所」 指 香 港 聯 合 交 易 所 有 限 公 司。 1. 為 有 效 及 時 管 理 公 司 的 日 常 運 作，公 司 董 事 會（「董 事 會」）已 議 決 成 立 一 個 名 為 執 行 委 員 會（「委 員 會」）的 委 員 會。 2. 委 員 會 應 根 據 其 職 權 範 圍 履 ...

華 潤 置 地 有 限 公 司 可 持 續 發 展 委 員 會 職 責 範 圍 書 成 立 華 潤 置 地 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）已 成 立 一 個 名 為 可 持 續 發 展 委 員 會（「委 員 會」）的 委 員 會。 目 的 委 員 會 成 立 的 目 的 是 協 助 董 事 會 指 導 及 監 察 公 司 及 其 附 屬 公 司（「本 集 團」） 發 展 及 落 實 企 業 可 持 續 發 展 工 作，包 括： 權 力 – 2 – 1. 委 員 會 可 以 將 其 部 分 職 責 授 權 予 由 其 一 名 或 以 上 成 員 組 成 的 小 組 委 員 會，並 向 小 組 委 員 會 授 予 履 行 相 關 職 務 所 需 的 權 力。 2. 委 員 會 可 以 向 主 席 授 權，使 其 可 就 會 議 之 間 需 要 處 理 的 事 宜 作 出 決 定， 待 委 員 會 下 一 次 舉 行 會 議 時 報 告 或 追 認 有 關 決 定。 3. 委 員 會 可 以 應 董 事 會 的 要 求，檢 討 或 審 議 本 文 所 載 職 權 範 圍 以 外 的 事 ...

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。 （於開曼群島註冊成立的有限公司） 華潤置地有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，於二零二五 年三月二十五日，董事會議決將「企業社會責任委員會」更名為「可持續發展委員 會（」「委員會」）。董事會亦議決相應修訂委員會的職權範圍（「職權範圍」），以納入 與可持續發展相關的職責。委員會名稱的變更及經修訂的職權範圍將於二零二五 年三月二十五日生效。 董事會謹此宣佈，為彰顯本公司將可持續發展確立為一項核心戰略目標的決心， 促進本公司內外形成可持續發展的共識與合力，董事會已作出決議，將企業社會 責任委員會更名為可持續發展委員會，並相應調整該委員會的職權範圍。 委員會的組成保持不變，包括兩名執行董事，即李欣先生（ 委員會主席 ）及徐榮先 生；一名非執行董事，即魏成林先生；以及兩名獨立非執行董事，即鐘偉先生及 孫哲先生。 職權範圍 ...

Investment Rating - The report assigns a "Buy" rating for the company, with a target price based on projected earnings and valuation multiples [10][11]. Core Viewpoints - The company is recognized as a leading player in the real estate sector, combining business models, capabilities, resources, and financial advantages to drive growth. It has a strong sales ranking despite market challenges, supported by ample and quality land reserves [4][10]. - The company has released significant impairment pressure, with new land acquisitions expected to yield substantial profits, indicating a high degree of performance solidity and realization probability [4][10]. - As a leader in commercial real estate, the company excels in various dimensions including layout, leasing, operations, scale, rental income, efficiency, and luxury offerings, which not only provide stable cash flow but also enhance dividend and valuation potential [4][10]. Summary by Sections Company Overview - The company is a rare diversified real estate developer in China, under the umbrella of China Resources Group, with a strategic focus on urban investment and development operations. It has established a "3+1" integrated business model and achieved a core net profit of 27.8 billion in 2023, with operational business contributing 34.4% [7][42]. Real Estate Development - The company has a strong reputation for quality and efficiency, with a projected sales revenue of 261.1 billion for 2024, ranking it among the top three in the industry. The land reserves are robust, with over 70% located in first and second-tier cities, ensuring future sales stability [8][20]. - The company has recognized a cumulative inventory impairment of 21 billion from 2020 to 2024, indicating a high level of impairment pressure release compared to peers, which bodes well for future profitability [8][20]. Operating Real Estate - The company is a pioneer in shopping center development in mainland China, with a strong positioning in high-end markets. It has maintained double-digit growth in same-store rental income since 2016, demonstrating robust operational capabilities [9][24]. - The company plans to achieve steady growth in rental income, with a projected EBITDA margin of 55% and potential for a dividend yield of approximately 2.7% based on its operational real estate performance [9][27]. Financial Performance - The company has a solid financial structure, with a net debt ratio of 33.6%, indicating prudent debt management. The projected earnings for 2024-2026 are 26.6 billion, 27.3 billion, and 28.7 billion respectively, with corresponding PE ratios of 6.5, 6.3, and 6.0 [10][36].