格隆汇9月12日丨根据联交所最新权益披露资料显示，2025年9月11日，美联集团(01200.HK)遭股东林源庆在场内以每股均价2.20港元减持70万股，涉资约 154万港元。 减持后，林源庆最新持股数目为3530万股，持股比例由5.02%下降至4.92%。 | 表格序號 | 大股東/董事/最高行政人員名 作出披露的 買入 / 費出或涉及的 每股的平均價 | | | 持有權益的股份數目 佔已發行的 有關事件的日期 相 | | | --- | --- | --- | --- | --- | --- | | | 股份數目 | | | (請參閱上述*註 | 有投票權股(日/月/年) 材 | | | | | | | 份自分比 | | IS20250911E00042 | 林源慶 1201(L) | 700.000(L) | HKD 2.2000 | 35,300,000(L) | 4.92(L) 11/09/2025 | | 股份代號: | 01200 | | --- | --- | | 上市法國名稱: | 美聯集國有限公司 | | 日期 (日 / 月 / 年): | 12/08/2025 - 12/09/2025 ...

香港联交所最新资料显示，9月11日，林源庆减持美联集团(01200)70万股，每股均价2.2港元，总金额为 154万港元。减持后最新持股数目为3530万股，最新持股比例为4.92%。 ...

智通财经APP获悉，香港联交所最新资料显示，9月11日，林源庆减持美联集团(01200)70万股，每股均 价2.2港元，总金额为154万港元。减持后最新持股数目为3530万股，最新持股比例为4.92%。 ...

美联物业分析师岑颂谦指出，鉴于签署买卖合约至递交到土地注册处注册登记需时，8月注册个案一般主要反映7月市况。至于8月份市况方面，虽然近期拆 息回升，H按按息再次触及封顶位，但市场预期9月美国减息，香港银行亦有机会下调按揭息率，8月份整体物业交投依然向好，估计企稳逾6,000宗水平，并 于9月注册量反映。 智通财经APP获悉，据美联物业研究中心综合土地注册处资料显示，香港8月整体物业(包括一手私楼、二手住宅、一手公营房屋、工商铺、纯车位及其他等) 注册量合共录6,459宗，环比减约1成;然而，8月注册宗数比起今年首7个月平均约6,294宗高近3%，反映物业交投依然不俗。 港岛区方面，区内8个屋苑上周录得16宗成交，按周减少约11.1%。当中南丰新邨及海怡半岛分别减少3宗及2宗，置富花园与鲤景湾齐减1宗;纵使太古城及康 怡花园分别增加3宗及2宗，但港岛区上周交投依然减少。 至于新界区17个屋苑上周录得32宗成交，按周亦减少约11.1%，跌幅与港岛区相若。其中嘉湖山庄减少4宗，灏景湾与花都广场分别减3宗及2宗，荃湾中 心、新港城、新屯门中心、新元朗中心齐减1宗;虽然愉景新城、绿杨新邨与盈翠半岛齐増2宗，丽城花园、浪 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 本月底法定/註冊股本總額： HKD 100,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 美聯集團有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01200 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | ...

Group 1 - The latest "Centaline Property Confidence Index" in Hong Kong is reported at 76.2 points, showing a slight weekly increase of 0.1% [1] - Recent increases in interbank rates have led to HIBOR rates reaching their ceiling; however, market expectations for a rate cut in the US in September have increased [1] - The proportion of discounted properties in Hong Kong remains largely unchanged, with a slight rise in the confidence index [1] Group 2 - The latest "Centaline Property Price Index" is reported at 128.87 points, reflecting a weekly decrease of 0.17%, but a slight increase of 0.07% compared to four weeks ago, and a year-to-date increase of 0.58% [1] - Property prices across three regions in Hong Kong have shown a general decline on a weekly basis, with the Island index at 132.63 points (down 0.26%), Kowloon index at 134.19 points (down 0.1%), and New Territories index at 118.29 points (down 0.2%) [1] - Year-to-date price changes vary by region, with Kowloon and New Territories showing increases of 2.41% and 0.09% respectively, while the Island region has decreased by 2.42% [1]

美联集团(01200)主席黄建业表示，今年至今香港住宅物业交投维持高水平，楼价已经走出谷底，重拾 升轨，相信利好因素将继续为物业交投带来支持，预计楼价有力回升约3至5%；而全年整体住宅物业成 交料按年涨约13%，创4年新高。 黄指出，上半年楼市出现三大新格局，包括细价楼主导大市、整体住宅物业呈"量升额跌"情况，以及港 人购买力抬头。今年首7个月本地个人买家占一手私宅注册量额比率达约66.8%，自2022年后首次回 升，并重越50%的水平；反映港人对后市的信心正在迅速恢复，"砖头文化"的价值复现，趁楼价处于低 位积极入市。 他又称，虽然现时息口有所回升，但是下半年美国很大机会减息，令低息环境有望持续，有助提振港人 入市意欲，为后市带来支持；同时上调二手住宅成交量的预测至4.5万宗，按年升逾9%，创四年新高； 一手私楼成交量则料录约1.9万宗，按年升逾22%，创自2013年4月一手住宅新例生效后的新高;金额则录 约1,800亿港元，按年跌约4%。 全年整体住宅物业成交合共录6.4万宗，涉额则约4,750亿元，按年升约5%。至于，整体物业成交量则达 7.6万宗，按年升约11%，成交金额5,700亿港元，较去年升约6 ...

Group 1 - The chairman of Meilun Group, Huang Jianye, stated that the Hong Kong residential property market has maintained a high level of transactions this year, with property prices recovering from the bottom and expected to rise by approximately 3% to 5% [1] - The overall residential property transaction volume is projected to increase by about 13% year-on-year, reaching a four-year high [1] - Three new trends in the housing market were identified in the first half of the year: lower-priced properties leading the market, an overall situation of "increased volume but decreased value," and a resurgence in local buyers' purchasing power [1] Group 2 - Local individual buyers accounted for approximately 66.8% of the registered volume of primary private residential properties in the first seven months of this year, marking a recovery since 2022 and surpassing the 50% level [1] - The forecast for secondary residential transactions has been raised to 45,000 units, representing a year-on-year increase of over 9%, also a four-year high [1] - The expected transaction volume for primary residential properties is about 19,000 units, with a year-on-year increase of over 22%, the highest since the new regulations for primary residential properties took effect in April 2013 [1] Group 3 - The total residential property transactions for the year are expected to reach 64,000 units, with a transaction value of approximately 475 billion HKD, reflecting a year-on-year increase of about 5% [2] - The overall property transaction volume is projected to reach 76,000 units, with a transaction value of 570 billion HKD, also showing a year-on-year increase of about 6% [2] - Factors supporting the optimistic outlook for the property market include the government's withdrawal of cooling measures, relaxed mortgage policies, and reduced stamp duty for properties valued at 4 million HKD or below [2] Group 4 - Despite the positive trends, potential negative factors such as rising unemployment and short-term housing supply pressures may limit significant price increases [2] - The chairman emphasized that the main driver for the property market's rise is economic development, and local retail, dining, and tourism sectors still face challenges that require policy and tax support [2] - Meilun Group reported a revenue of 2.518 billion HKD for the six months ending June 30, 2025, a year-on-year decrease of 24.1%, with a net profit of 151 million HKD, down 13% [2]

Performance Summary - China Petroleum & Chemical Corporation (00386.HK) reported a revenue of 1,409.05 billion yuan, a decrease of 10.6% year-on-year, and a net profit of 21.483 billion yuan, down 39.8% year-on-year [2] - Kuaishou Technology (01024.HK) achieved a revenue of 67.654 billion yuan, an increase of 12.04% year-on-year, with a net profit of 8.9 billion yuan, up 9.9% year-on-year [2] - China National Pharmaceutical Group (01099.HK) recorded a revenue of 36.363 billion yuan, a decrease of 1.48% year-on-year, and a net profit of 295 million yuan, an increase of 1.02% year-on-year [2] - Miniso Group (09896.HK) reported a revenue of 9.393 billion yuan, a growth of 21.1% year-on-year, but a net profit of 906 million yuan, down 22.6% year-on-year [2] - Tuhu (09690.HK) had a revenue of 7.9 billion yuan, an increase of 10.5% year-on-year, with an adjusted net profit of 410 million yuan, up 14.6% year-on-year, and the number of stores increased to 7,205 [2] - Bilibili Inc. (09626.HK) reported a second-quarter revenue of 7.338 billion yuan, an increase of 19.76% year-on-year, and a net profit of 219 million yuan, turning from a loss of 609 million yuan in the same period last year [2] - Zaitong (00062.HK) achieved a revenue of 4.226 billion HKD, an increase of 3.98% year-on-year, and a net profit of 190 million HKD, up 57.94% year-on-year [2] - Xincheng Power (01148.HK) reported a revenue of 2.804 billion yuan, an increase of 7.06% year-on-year, but a net profit of 16.49 million yuan, down 25.49% year-on-year [2] - Fourth Paradigm (06682.HK) achieved a revenue of 2.626 billion yuan, an increase of 40.71% year-on-year, with an adjusted net loss of 44 million yuan, narrowing by approximately 71.2% from a loss of 152 million yuan in the same period last year [2] - Meilian Group (01200.HK) reported a revenue of 2.518 billion HKD, a decrease of 24.1% year-on-year, and a net profit of 151 million HKD, down 13% year-on-year [2] - Baisheng Group (03368.HK) achieved a revenue of 1.963 billion yuan, an increase of 0.93% year-on-year, and a net profit of 22.468 million yuan, turning from a loss of 18.641 million yuan in the same period last year [2] - Yuexiu Services (06626.HK) reported a revenue of approximately 1.962 billion yuan, a slight increase of 0.09% year-on-year, with a net profit of approximately 240 million yuan [2] - Yika (09923.HK) achieved a revenue of 1.64 billion yuan, an increase of 4% year-on-year, and a net profit of 43.075 million yuan, up 36.2% year-on-year [2] - Gaoweidianzi (01415.HK) reported a revenue of 1.36 billion USD, an increase of 132.2% year-on-year, with a net profit of 67.398 million USD, up approximately 320% year-on-year [2] - BOC Aviation (02588.HK) achieved a revenue of 1.242 billion USD, an increase of 6% year-on-year, but a net profit of 342 million USD, down 26% year-on-year [2] - Jiuxing Holdings (01836.HK) reported a revenue of 775 million USD, an increase of 0.7% year-on-year, but a net profit of 78.633 million USD, down 14.5% year-on-year [2] - Sinopec Kantons Holdings (00934.HK) reported a revenue of approximately 307 million HKD, a decrease of 7.2% year-on-year, and a net profit of approximately 563 million HKD, down 17.8% year-on-year [2] - Great Wall Holdings (00583.HK) issued a profit warning, expecting a mid-term net loss of 266 million to 294 million HKD, a significant shift from profit to loss [2] Company News - Shengye (06069.HK) has initiated a global strategic layout to build an AI + international supply chain technology platform [2] - Yuan Zheng Technology (02488.HK) plans to develop a strategic layout for equipment assetization and related RWA applications [2] - Oconview Biosciences (01477.HK) announced that the second Phase III clinical trial of OT-301 has reached its primary endpoint [2] Buyback Activities - Tencent Holdings (00700.HK) repurchased 928,000 shares at a cost of 551 million HKD, with a buyback price ranging from 590 to 597 HKD [2] - HSBC Holdings (00005.HK) repurchased approximately 1.33 million shares at a cost of about 132 million HKD, with a buyback price ranging from 98.6 to 99.55 HKD [2] - Techtronic Industries (00669.HK) repurchased approximately 25,000 shares at a cost of about 25.085 million HKD, with a buyback price ranging from 99.5 to 101.6 HKD [2] - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of 22.4935 million HKD, with a buyback price ranging from 111.8 to 112.8 HKD [2]

Core Insights - The company reported a revenue of HKD 2.518 billion for the six months ending June 30, 2025, representing a year-on-year decline of 24.1% [1] - Net profit for the same period was HKD 151 million, down 13% year-on-year [1] - Basic earnings per share were HKD 0.2112 [1] Performance Analysis - Despite the absence of significant changes in real estate policies during the reporting period, the company's mid-term performance remained stable [1] - The stability is attributed to the company's proactive restructuring, resilient and flexible business model, and its ability to adapt to new trends in the Hong Kong real estate market [1]