Core Viewpoint - The commercial project Binjiang Baolong City in Hangzhou is up for sale, with a total price exceeding 4 billion RMB, while Baolong Real Estate faces significant operational pressures [1] Financial Performance - Baolong Real Estate reported a contract sales amount of approximately 3.723 billion RMB for the first half of 2025, only half of last year's figure [1] - Total revenue for Baolong Real Estate was about 13.251 billion RMB, a decrease of approximately 15.3% compared to the same period in 2024 [1] - The company recorded a loss attributable to shareholders of approximately 2.652 billion RMB [1] Profitability and Operations - The gross profit for Baolong Real Estate slightly increased to about 2.025 billion RMB, up by approximately 0.4% year-on-year [2] - The gross profit margin improved to 15.3%, an increase of 2.4 percentage points from the previous year [2] - The company currently holds approximately 8.5727 million square meters of investment properties, a 3.1% increase from the end of 2024 [2] Asset Management and Development - Baolong Real Estate manages a total of 63 shopping centers and 9 light-asset shopping centers [3] - The company is also looking to sell the Binjiang Baolong City, which includes 151,100 square meters of commercial complex and 78,000 square meters of office space [3] - The company has completed the opening of a new shopping center, Wuyishan Baolong Plaza, which is part of its expansion in Fujian [2] Land Reserves - As of June 30, 2025, Baolong Real Estate has a total land reserve of approximately 13.87 million square meters, with 11.63 million square meters under development [5] - 57% of the land reserves are located in the Yangtze River Delta region, with 65.4% of the land value also concentrated in this area [5] Debt Situation - Baolong Real Estate's total liabilities reached approximately 142.618 billion RMB by the end of 2024, with 26.18 billion RMB due within one year [6] - The company is preparing for a second round of offshore debt restructuring, having appointed China International Capital Corporation as its exclusive financial advisor [6] - As of June 30, 2025, Baolong Real Estate's total borrowings amounted to approximately 56.111 billion RMB, with about 27.598 billion RMB classified as current liabilities [7]

Core Viewpoint - The company reported a significant decline in revenue and an increase in shareholder losses for the six months ending June 30, 2025, indicating ongoing financial challenges [1] Financial Performance - Revenue for the period was 13.251 billion RMB, representing a year-on-year decrease of 15.33% [1] - The loss attributable to shareholders was 2.652 billion RMB, which is an increase of 1.12% compared to the previous year [1] - Basic loss per share was reported at 0.641 RMB [1]

Core Viewpoint - The company reported a significant decline in revenue and an increase in shareholder losses for the interim period ending June 30, 2025 [1] Financial Performance - Revenue for the six months was 13.251 billion RMB, representing a year-on-year decrease of 15.33% [1] - The loss attributable to shareholders was 2.652 billion RMB, which is an increase of 1.12% compared to the previous year [1] - Basic loss per share was 0.641 RMB [1]

香港交易及結算所有限公司和香港聯合交易所有限公司對本公佈的內容概不 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 就 因 本 公 佈 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。 POWERLONG REAL ESTATE HOLDINGS LIMITED 寶龍地產控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 責 任 公 司） （股 份 代 號：1238） 截 至2025年6月30日止六個月中期業績公佈 業績摘要 截 至2025年6月30日止六個月 – 1 – • 合約銷售額約為人民幣3,723百 萬 元，合 約 銷 售 面 積 約 為316,718平 方 米； • 收入約為人民幣13,251百 萬 元，較2024年同期下降約15.3%； • 租金收入及提供商業運營服務及住宅物業管理服務收入約為人民幣2,144 百 萬 元，較2024年同期下降約1.4%； • 毛利率上升約2.4個百分點至約15.3%。 寶龍地產控股有限公司（「本公司」或「寶 龍」）董 事（「董 事」）會（「董事會」）欣然公佈 本公司及其附 ...

Group 1: Real Estate Industry Overview - In the first seven months of the year, the funding for real estate development enterprises in Henan province increased by 0.3% year-on-year, with domestic loans decreasing by 15.2% and self-raised funds increasing by 1.7% [1] - The total overdue debt of nine subsidiaries of CIFI Group amounts to approximately 1.05 billion yuan, primarily involving bank project loans [2] Group 2: Company Financial Performance - Zhengrong Real Estate expects a loss attributable to shareholders of 6.4 billion to 6.6 billion yuan for the first half of 2025, compared to a loss of approximately 2.343 billion yuan in the same period last year, indicating an expanded loss [3] - Baolong Real Estate anticipates a loss of approximately 2.6 billion to 2.9 billion yuan for the first half of the year, compared to a loss of 2.047 billion yuan in the same period last year, with core losses attributable to shareholders expected to be around 1.6 billion to 1.9 billion yuan [4] Group 3: Debt Issuance - Midea Real Estate issued a total of 500 million yuan in medium-term notes, with a planned issuance range of 200 million to 1 billion yuan, and an issuance interest rate of 3.15% [5]

Group 1: Real Estate Industry Overview - In the first seven months of the year, the funding for real estate development enterprises in Henan province increased by 0.3% year-on-year, with domestic loans decreasing by 15.2% and self-raised funds increasing by 1.7% [1] - The total overdue debt of nine subsidiaries of CIFI Group amounts to approximately 1.05 billion yuan, primarily related to bank project loans [2] Group 2: Company Financial Performance - Zhengrong Real Estate expects a loss attributable to shareholders of 6.4 billion to 6.6 billion yuan for the first half of 2025, a significant increase from a loss of approximately 2.343 billion yuan in the same period last year [3] - Baolong Real Estate anticipates a loss of approximately 2.6 billion to 2.9 billion yuan for the first half of the year, compared to a loss of 2.047 billion yuan in the same period last year [4] Group 3: Debt Issuance - Midea Real Estate issued a total of 500 million yuan in medium-term notes, with a term of 2 years and an interest rate of 3.15% [5]

本文源自：金融界AI电报 宝龙地产(01238.HK)发布公告，预期集团于截至2025年6月30日止六个月的期间亏损约人民币26亿元至 人民币29亿元(上年同期亏损：约人民币20.47亿元)，公司拥有人应占核心亏损约人民币16亿元至人民币 19亿元(上年同期的公司拥有人应占核心亏损：约人民币19.37亿元)。 ...

与上年同期相比，预期截至2025年6月30日止六个月的亏损主要归因于受房地产行业经营环境严峻的持 续影响导致(i)基于谨慎性原则对物业项目计提减值;及(ii)投资物业公允价值减值。 宝龙地产(01238)发布公告，预期集团于截至2025年6月30日止六个月的期间亏损约人民币26亿元至人民 币29亿元(上年同期亏损：约人民币20.47亿元)，公司拥有人应占核心亏损约人民币16亿元至人民币19亿 元(上年同期的公司拥有人应占核心亏损：约人民币19.37亿元)。 ...

智通财经APP讯，宝龙地产(01238)发布公告，预期集团于截至2025年6月30日止六个月的期间亏损约人 民币26亿元至人民币29亿元(上年同期亏损：约人民币20.47亿元)，公司拥有人应占核心亏损约人民币16 亿元至人民币19亿元(上年同期的公司拥有人应占核心亏损：约人民币19.37亿元)。 与上年同期相比，预期截至2025年6月30日止六个月的亏损主要归因于受房地产行业经营环境严峻的持 续影响导致(i)基于谨慎性原则对物业项目计提减值;及(ii)投资物业公允价值减值。 ...

格隆汇8月19日丨宝龙地产(01238.HK)宣布，董事会会议将于2025年8月29日（星期五）于上海市闵行区 新镇路1399号宝龙大厦7楼701会议室举行，藉以（其中包括）(i)考虑并批准本公司及其附属公司于截至 2025年6月30日止六个月的中期业绩及其发布；及(ii)考虑任何其他交易及事项（如有）。 ...