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融创中国盘初续挫 股价过去五个交易日累计跌近25%
财联社· 2025-01-09 02:21
该公司2028年9月到期的美元债每1美元面值买价报11.2美分,走低约0.3美分。 财联社1月9日电,融创中国周四在香港早盘续跌,其在过去五个交易日股价累计跌幅近25%。 截至发稿,融创中国跌1.14%,报1.73港元。 ...
融创中国境外债寻求二次重组 最快3月份拿出初步方案
财联社· 2025-01-07 05:25
财联社1月7日电,记者获悉,融创中国将进行二次境外债重组,最快3月份可以有初步重组方案。 有债权人告诉记者,融创中国方面告知或将无法按时兑付2025年9月到期的美元债,公司正在研究可替 代的方案,但目前还未形成方案。 (澎湃新闻) ...
融创中国:2024年累计实现合同销售金额约471.4亿元
财联社· 2025-01-06 09:40
2024年,集团累计实现合同销售金额约471.4亿元,累计合同销售面积约226.1万平方米,合同销售均价 约20850元/平方米。 财联社1月6日电,融创中国在港交所公告,2024年12月,集团实现合同销售金额约17.5亿元,合同销售 面积约13.8万平方米,合同销售均价约12680元/平方米。 ...
内房港股跌幅扩大 融创中国跌14%
财联社· 2025-01-06 05:57
截至发稿,融创中国(01918.HK)跌14%,融信中国(03301.HK)跌11%,远洋集团(03377.HK)跌9%,合景 泰富集团(01813.HK)跌7%。 财联社1月6日电,内地房地产港股午后继续走低。 ...
融创中国(01918) - 2024 - 中期财报
2024-09-27 09:00
SUNAC 融創中國 INTERIM REPORT 2024 中期報告 融 創 中 國 控 股 有 限 公 司 SUNAC CHINA HOLDINGS LIMITED STOCK CODE 股份代號: 01918.HK Sunac China Holdings Limited (the "Company" and, together with its subsidiaries, the "Group") is a company incorporated in the Cayman Islands with limited liability, whose shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") from 2010. With the brand philosophy of "passion for perfection", the Group is committed to providing wonderful living environm ...
融创中国(01918) - 2024 - 中期业绩
2024-08-29 12:38
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。 SUNAC CHINA HOLDINGS LIMITED 融創中國控股有限公司 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司) (股份代號:01918) 截 至 2024年 6月 30日止六個月之中期業績公告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------| | | | | | 業績摘要 | | 截至 | 2024 年 6 月 30 日止六個月: | | • | 本集團連同其合營公司及聯營公司的合同銷售金額約為人民幣 262.8 億元; | | • | 於 2024 年 6 月 30 日,本集團連同其合營公司及聯營公司的權益土地儲備約 ...
融创中国(01918) - 2023 - 年度财报
2024-04-26 10:08
Financial Performance - Revenue for 2023 was RMB 154.23 billion, a significant increase from RMB 96.75 billion in 2022[11] - The company reported a gross loss of RMB 2.5 billion in 2023, compared to a gross loss of RMB 0.82 billion in 2022[11] - Net loss attributable to the company's owners was RMB 10.41 billion in 2023, an improvement from RMB 29.89 billion in 2022[11] - Revenue in 2023 reached approximately RMB 154.23 billion, a year-on-year increase of 59.4%[14] - Gross loss in 2023 was approximately RMB 2.5 billion, a year-on-year increase of 204.9%[14] - The company's attributable loss in 2023 was approximately RMB 7.97 billion, a year-on-year decrease of 71.2%[14] - Total revenue for the year was RMB 154.23 billion, with property sales accounting for 91.1% (RMB 140.47 billion)[17] - Gross loss increased by RMB 1.68 billion to RMB 2.5 billion, with a gross margin of -1.6%, down from -0.8% in the previous year[20] - Operating loss decreased by RMB 20.1 billion to RMB 1.93 billion, mainly due to increased other income and reduced sales and administrative costs[24] - The company's attributable loss decreased by RMB 19.7 billion to RMB 7.97 billion[27] - Annual loss attributable to the company's owners was RMB 7.97 billion, compared to RMB 27.67 billion in the previous year[28] - Revenue increased to RMB 154.23 billion in 2023 from RMB 96.75 billion in 2022, an increase of 59.4%[183] - Gross loss widened to RMB 2.50 billion in 2023 from RMB 819.18 million in 2022, an increase of 205.5%[183] - Operating loss narrowed to RMB 1.93 billion in 2023 from RMB 22.03 billion in 2022, a decrease of 91.2%[183] - Net loss narrowed to RMB 10.41 billion in 2023 from RMB 29.89 billion in 2022, a decrease of 65.2%[183] - Basic loss per share decreased to RMB 1.43 in 2023 from RMB 5.16 in 2022, a decrease of 72.3%[183] - Total comprehensive loss for 2023 was RMB 10,411,490 thousand, with the company's owners' share of retained earnings decreasing by RMB 7,968,963 thousand[185] - Net loss for the year ended December 31, 2023, was approximately RMB 10.41 billion, with net current liabilities of approximately RMB 20.74 billion as of December 31, 2023[191] Cash Flow and Liquidity - Cash and cash equivalents (including restricted cash) decreased to RMB 24.62 billion in 2023 from RMB 37.54 billion in 2022[11] - The company's cash balance (including restricted cash) decreased from RMB 37.54 billion in 2022 to RMB 24.62 billion in 2023, with unrestricted cash dropping from RMB 11.6 billion to RMB 7.06 billion[29] - Total cash balance (including cash and cash equivalents and restricted cash) was approximately RMB 24.62 billion as of December 31, 2023[192] - Cash and cash equivalents decreased by RMB 4.57 billion in 2023, with year-end cash and cash equivalents at RMB 7.06 billion[187] - The company repaid borrowings of RMB 10.59 billion in 2023, compared to RMB 55.22 billion in 2022[187] - The company received RMB 2.71 billion in loan guarantees in 2023, down from RMB 12.39 billion in 2022[187] - Operating cash flow for 2023 was negative RMB 15,785,722 thousand, a significant decline from the positive RMB 20,737,947 thousand in 2022[186] - Investment activities generated a net cash inflow of RMB 2,738,227 thousand in 2023, down from RMB 5,565,448 thousand in 2022[186] - The company issued new shares worth RMB 7,863,880 thousand through the conversion of convertible bonds and mandatory convertible bonds[185] - The company received RMB 3,086,826 thousand from the redemption of financial assets at fair value through profit or loss in 2023[186] Debt and Liabilities - Total liabilities decreased to RMB 894.06 billion in 2023 from RMB 1,003.77 billion in 2022[12] - Total borrowings decreased by RMB 20.59 billion, from RMB 298.42 billion in 2022 to RMB 277.83 billion in 2023[30] - The capital-to-debt ratio remained stable at 75.2% in both 2022 and 2023[31] - Total liabilities decreased to RMB 894.07 billion in 2023 from RMB 1,003.76 billion in 2022, a decline of 10.9%[181] - Non-current liabilities increased to RMB 114.82 billion in 2023 from RMB 68.49 billion in 2022, an increase of 67.7%[181] - Outstanding borrowings due as of December 31, 2023, were approximately RMB 109.06 billion, with RMB 41.64 billion potentially subject to early repayment[192] - The company successfully completed its offshore debt restructuring plan, approved by 98.3% of the creditors, effective from November 20, 2023[192] - The company has extended loans totaling approximately RMB 37.28 billion as of the approval date of the financial statements[193] - The company faces significant uncertainty in raising sufficient funds to repay domestic and foreign public debts, and in negotiating extensions or deferrals with lenders[194] - The company's ability to continue as a going concern depends on the successful execution of sales strategies to stabilize asset values and improve future sales stability[194] - The company has prepared cash flow forecasts covering at least 18 months from December 31, 2023, and believes it will have sufficient funds to meet financial obligations during this period[194] Land Reserves and Property Development - Total land reserves at the end of 2023 were approximately 154 million square meters, with an estimated value of RMB 1.7 trillion[14] - The company completed the delivery of approximately 310,000 housing units in 101 cities in 2023 and aims to deliver over 200,000 units in 2024[13] - Total land reserves (including joint ventures and associates) stood at 154 million square meters, with equity land reserves of 102 million square meters[37] - The Yangtze River Delta region accounts for 1.608 million square meters of equity land reserves and 2.597 million square meters of total land reserves[38] - Total land reserves in the Bohai Rim region amount to 3,200.64 million square meters, with equity land reserves at 2,538.17 million square meters[39] - In the South China region, the total land reserves are 1,427.81 million square meters, with equity land reserves at 1,054.25 million square meters[40] - The Western region has the largest land reserves at 5,914.85 million square meters, with equity land reserves at 3,618.95 million square meters[41] - The Central region's total land reserves are 2,270.88 million square meters, with equity land reserves at 1,378.31 million square meters[41] - The company's total land reserves across all regions amount to 15,411.36 million square meters, with equity land reserves at 10,197.97 million square meters[41] Corporate Governance and Leadership - Sun Hongbin, the founder and chairman, has over 30 years of experience in the Chinese real estate industry and holds a master's degree in engineering from Tsinghua University[42] - Wang Mengde, the CEO, has over 20 years of experience in the real estate industry and has been with the company since 2006, previously serving as CFO and vice president[42] - Jing Hong, the executive president and Beijing regional chairman, joined the company in 2007 and has extensive experience in real estate development[42] - Tian Qiang, the executive president and Shanghai regional president, has been with the company since 2007 and previously held various roles in sales and management[43] - Huang Shuping, the executive president and South China regional president, joined the company in 2007 and has held various financial and executive roles[44] - Non-executive Director Mr. Lam Wai Hon, aged 70, has over 40 years of experience in professional accounting, merchant banking, investment banking, and financial services. He is currently an executive director of Wah Fu International Finance Limited (Stock Code: 952) and an independent non-executive director of several listed companies including Pacific Online Limited (Stock Code: 543) and Far East Consortium International Limited (Stock Code: 035)[45] - Independent Non-executive Director Mr. Poon Chiu Kwok, aged 61, has extensive experience in financial management and governance of listed companies. He serves as an executive director and vice president of Huabao International Holdings Limited (Stock Code: 336) and holds independent non-executive director positions in multiple listed companies including Aokesi International Holdings Limited (Stock Code: 2080) and China National Nuclear Power Co., Ltd. (Stock Code: 1763)[46] - Independent Non-executive Director Mr. Zhu Jia, aged 61, is a partner at Bain Capital Private Equity (Asia) LLC and has extensive experience in cross-border mergers and acquisitions and international financing transactions involving Chinese companies. He currently serves as a director of Nasdaq-listed Chindata Group[47] - Independent Non-executive Director Mr. Ma Lishan, aged 72, has held senior positions in several large Sino-foreign joint ventures under COFCO Group, including Chairman and General Manager of Great Wall Wine and Fortune Cooking Oil. He has served as an independent non-executive director of multiple listed companies including SCE Group Limited (Stock Code: 1207) and Huarong International Financial Holdings Limited (Stock Code: 993)[48] - Mr. Yuan Zhigang, an independent non-executive director, holds a Ph.D. in Economics from EHESS and has extensive experience in macroeconomic research and financial system reform[49] - Ms. Ma Zhixia, Chief Operating Officer and Executive President, joined the group in 2003 and has been managing the group's real estate operations since 2005[51] - Mr. Wang Peng, Executive President and Southeast Regional President, has been with the group since 2004 and has held various leadership roles, including Vice President and Executive President[51] - Mr. Gao Xi, Chief Financial Officer and Vice President, joined the group in 2007 and has been responsible for financing, compliance, and investor relations since 2011[52] - Mr. Wang Yingjia, Executive President and Central China Regional President, has been with the group since 2004 and has extensive experience in the real estate industry[53] - Mr. Zhang Qiang, Vice President and Chengdu-Chongqing Regional President, joined the group in 2003 and has a strong background in team and marketing management[53] - Mr. Lu Peng, Executive President and General Manager of Hot Snow Miracle Company, has been with the group since 2003 and has extensive experience in project management and investment[53] - Mr. Zhu Zuxing, Vice President and Northwest Regional President, joined the group in 2003 and has a strong background in product design and project management[54] - Mr. Shi Yu, Senior Vice President and President of Yungui Region, joined the company in 2016 and has extensive experience in digital technology, product development, and customer relationship management[55] - Mr. Zhang Xiaohui, Vice President and President of North China Region, joined the company in 2007 and has rich experience in real estate investment and team management[55] - Mr. Zhu Jia was promoted to partner at Bain Capital in January 2023[56] - Mr. Yuan Zhigang resigned as an independent director of Shanghai Pudong Development Bank Co., Ltd. in January 2023[56] - Mr. Chi Xun and Mr. Shang Yu resigned as executive directors of the company in April 2023[56] - Mr. Pan Zhaoguo was appointed as an independent non-executive director of China Isotope & Radiation Corporation in June 2023[56] - Mr. Yuan Zhigang resigned as an external supervisor of Bank of Shanghai Co., Ltd. in July 2023[57] - Mr. Pan Zhaoguo resigned as an independent non-executive director of Yuanda China Holdings Limited in September 2023[57] - The company has adopted the Corporate Governance Code and complied with all applicable code provisions as of December 31, 2023[59] - The company has established a mechanism to ensure the board of directors can obtain independent views and opinions, and will review the implementation and effectiveness of this mechanism annually[59] - The board of directors consists of six executive directors, one non-executive director, and four independent non-executive directors, responsible for overseeing the company's strategic development and financial performance[62] - The company has established multiple board committees, including the Audit Committee, Nomination Committee, Remuneration Committee, and ESG Committee, each with clearly defined responsibilities[62] - The company has complied with the Listing Rules regarding the appointment of at least three independent non-executive directors, with one having appropriate accounting or financial management expertise[63] - The roles of the Chairman and CEO are clearly separated, with Sun Hongbin as Chairman responsible for strategic direction and Wang Mengde as CEO responsible for implementing the board's strategies[64] - The board held four meetings in 2023 to discuss corporate strategy, business planning, performance progress, and overseas debt restructuring[65] - The Audit Committee, chaired by independent non-executive director Pan Zhaoguo, held five meetings in 2023 to review internal controls, risk management, and financial statements[68][69] - The company held an annual general meeting for the 2022 financial statements and a special general meeting for the proposed overseas debt restructuring transactions[65] - The company's audit committee reviewed the cash flow for 2023 and monitored the overall financial condition of the group[70] - The company's nomination committee held two meetings in 2023, focusing on board structure, independence of non-executive directors, and diversity policy implementation[71][72] - The company's board currently consists entirely of male members, with a proposal to appoint a female board member at the upcoming annual general meeting[76] - As of December 31, 2023, the company's workforce comprised 23,341 male employees (59.5%) and 15,887 female employees (40.5%)[78] - The company has implemented recruitment and selection measures to promote gender diversity and established talent management and training programs[78] - The nomination committee evaluates candidates based on integrity, industry experience, commitment, and ability to contribute to the company's strategy[74] - The company's nomination policy includes a thorough due diligence process for appointing or reappointing board members[75] - The company adheres to fair employment practices, without restrictions based on gender, ethnicity, nationality, or region[77] - The audit committee reviewed the company's risk management and internal control systems, providing recommendations for improvement[70] - The company's nomination committee ensures board diversity by considering factors such as gender, age, cultural background, and professional qualifications[76] - The Compensation Committee held 2 meetings in 2023, with attendance records showing 2/2 for Chairman Zhu Jia, Sun Hongbin, and Pan Zhaoguo, and 1/2 for Ma Lishan[80] - No share options or incentives were granted under any share option or incentive plans in 2023[80] - The ESG Committee held 1 meeting in 2023, with attendance records showing 1/1 for Chairman Wang Mengde, Pan Zhaoguo, Zhu Jia, and Yuan Zhigang, and 0/1 for Ma Lishan[83] - In 2023, 5 senior management members received annual remuneration between RMB 500,000-1,000,000, and 4 received between RMB 1,000,001-2,100,000[84] - Audit fees paid to the auditor in 2023 were RMB 17.84 million for audit services and RMB 160,000 for non-audit services[85] - Executive directors' total annual salary: RMB 11.161 million for the eight executive directors in 2023[145] - Non-executive directors' annual fee: HKD 400,000 per non-executive director[146] - Independent non-executive directors' total annual fee: HKD 1.7 million for four directors[146] - Top five highest-paid individuals (non-directors): Total compensation of RMB 18.572 million, including salary, bonuses, stock incentives, and benefits[147] - Compensation range for top five highest-paid individuals: Two individuals in the RMB 2,000,001–2,500,000 range, one in RMB 2,500,001–3,000,000, one in RMB 3,500,001–4,000,000, and one in RMB 7,000,001–7,500,000[148] Debt Restructuring and Financial Measures - The company successfully completed the restructuring of its offshore debt, reducing future debt repayment pressure by over USD 4.5 billion[13] - The company completed the restructuring of approximately $10.2 billion in existing debt through the issuance of new notes, convertible bonds, mandatory convertible bonds, and the transfer of certain existing shares of Sunac Services[141] - The company successfully completed its offshore debt restructuring in 2023, reducing debt by over $4.5 billion and alleviating repayment pressure for the next 2 years[88] - The company completed the extension of onshore public market debt in December 2022, with approximately RMB 630 million in principal and interest payments made in 2023[88] - The company successfully extended domestic loan principal from approximately RMB 18.17 billion (as of March 2023) to approximately RMB 37.28 billion (as of March 2024), representing a significant increase in loan extensions[89] - The company secured approximately RMB 13.5 billion in funding for high-quality projects, including Shanghai Dongjiadu, Shanghai Yalong, and Wuhan Taohuayuan, through cooperation with asset management companies[90] - Government-approved special loans for property delivery increased from RMB 11 billion (as of March 2023) to RMB 20.6 billion (as
融创中国(01918) - 2023 - 年度业绩
2024-03-27 23:36
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 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。 SUNAC CHINA HOLDINGS LIMITED 融創中國控股有限公司 (於開曼群島註冊成立的有限公司) (股份代號:01918) 截 至2023年12月31日止年度之經審核業績公告 | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 業績摘要 | | 截 至 | 2023 年 12 月 31 日止年度: | | • | 本集團連同其合營公司及聯營公司的合同銷售金額約為人民幣 847.7 億元; | | ...
融创中国(01918) - 2023 - 中期财报
2023-09-21 09:02
(cid:9562)(cid:21179)(cid:13734)(cid:12084)(cid:1) I N T E R I M R E P O R T (cid:37132) (cid:11330) (cid:9562) (cid:13268) (cid:19581) (cid:33383) (cid:21140) (cid:43962) (cid:10923) (cid:11958) SUNAC CHINA HOLDINGS LIMITED STOCK CODE (cid:33383)(cid:9868)(cid:9827)(cid:36622): 01918.HK ...
融创中国(01918) - 2023 - 中期业绩
2023-08-30 13:21
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。 SUNAC CHINA HOLDINGS LIMITED 融創中國控股有限公司 (於 開 曼 群 島 註 冊 成 立 的 有 限 公 司) (股份代號:01918) 截至二零二三年六月三十日止六個月之中期業績公告 | --- | --- | |-------|------------------------------------------------------------------------------------------------------| | | | | | 業績摘要 | | | 截至二零二三年六月三十日止六個月: | | • | 本集團連同其合營公司及聯營公司的合同銷售金額約為人民幣 521.4 億元; | | • | 於二零二三年六月三十日,本集團連同其合營公司及聯營公司的權益土地儲 | | | 備約 1.22 億平方米,權益土地儲備貨值預計約為人民幣 1.39 萬億元; | ...