每经记者 陈利 每经编辑 魏文艺 NO.3 融创中国公布95.5亿美元境外债重组方案 | 2025年4月21日 星期一 | NO.1 一季度全国存量商品房转移登记量同比增长34.7% 4月18日，自然资源部宣传教育中心主任夏俊在4月例行发布会上宣布，一季度全国存量商品房转移登记 量同比增长34.7%，达到164.6万件。全国共办理不动产登记业务2014.1万件，颁发不动产权证书1177.5 万本、证明574.7万本。其中，新建商品房转移登记238.7万件，同比减少12.1%。此外，全国8500多个 新建项目实施了"交地、交房即交证"改革，惠及170多万企业群众。各地积极推进不动产"带押过户"改 革，新办理带押过户业务7.1万件，涉及带押金额716.9亿元。 点评：这反映了政策宽松环境下二手房市场活跃度显著提升。交易量扩张直接利好头部房产中介平台及 周边服务商，其业务规模与现金流稳定性或同步改善。同时，房屋置换链条激活有望带动装修、家居等 后周期消费需求。 NO.2 一季度国有土地使用权出让金额同比下降15.9% 4月18日，财政部发布的2025年一季度财政收支情况显示，一季度全国政府性基金预算收入9247亿元 ...

智通财经4月17日电，融创中国公告称，已与若干有代表性的债权人就境外债务重组方案达成一致。融 创中国知悉持有债务本金额超过10亿美元的债权人原则性支持。 ...

【1】2025北京商品住房展销会在京开幕 近日，由北京房地产业协会主办的"好房惠京城·春日焕新家"2025北京商品住房展销会，在首钢国际会 展中心2号馆开幕。据主办方介绍，房展会线下活动为期两天，即29日至30日，同步举行线上房展会， 市民可在北京房协官网，以及抖音、贝壳、京东、工行等"1+N"互联网平台线上逛展，线上活动持续至 5月5日。 北京商报记者了解到，本次展会共70多家机构参展，覆盖房地产、中介、金融、装饰装修、家居家电等 领域。其中，中海、华润、保利、中建智地、招商、建发、越秀、北京城建、首开等50余家在京主要开 发企业参加，覆盖全市16区及经开区的170多个在售、拿地未入市商品住房项目。 【2】长春发布"好房子"标准 近日，新城控股发布2024年年度业绩报告显示，新城控股2024年营业收入为889.99亿元，同比下降 25.32%；归母净利润为7.52亿元，同比上升2.07%；扣非归母净利润为8.7亿元，同比上升183.07%。 北京商报记者 王寅浩 李晗 【3】融创中国2024年实现收入740.2亿元 近日，融创中国发布2024年度业绩报告。报告显示，2024年融创中国实现收入740.2亿元， ...

3月28日晚间，融创中国发布2024年度业绩报告。报告期内，公司实现营业收入740.2亿元，同比减少52%，其中"物管+文旅"两大板块收入超120亿元，占比 同比提升8.2个百分点；公司拥有人应占亏损约257亿元，2023年亏损约为79.7亿元；毛利为28.9亿元，而2023年毛亏约25亿元。 《每日经济新闻》记者注意到，在累计计提减值总额超920亿元后，融创中国仍保有551.5亿元净资产和405.2亿元归属于母公司净资产。与此同时，2024年有 息负债同比减少181.6亿元，降至2596.7亿元。 "展望未来，集团将继续坚定长期信心。"融创中国主席孙宏斌在报告中表示，2025年将全力以赴在各方支持下完成交付任务和境内公开市场债务风险的化 解，争取境外债务风险化解取得实质性关键进展。同时，以每一个项目权益净资产的提升为日常管理基本目标，稳步推进项目债务风险化解和资产盘活，为 集团未来逐步回到健康发展的轨道上奠定基础。 每经记者 陈利 每经编辑 魏文艺 在债务重组方面取得重大进展的融创中国（HK01918，股价1.600港元，市值157.69亿港元），2024年业绩表现如何？ 来源：融创中国2024年报 亏损持 ...

华夏时报（www.chinatimes.net.cn）记者 李贝贝 上海报道 2024年，融创中国控股有限公司（下称"融创"，01918.HK）成为首家完成境内债务重组的房企，也是 唯一一家实现配股融资的房企。《华夏时报》记者看到，随着化债积极影响的不断累积，融创在多个经 营层面也呈现出加速回稳、质效向好的态势，为经营恢复注入动力。 3月28日晚间，融创披露2024年业绩报告。报告期内，公司实现营收740.2亿元，实现毛利28.9亿元；有 息负债降至2596.7亿元，较2023年底减少181.6亿元。而在累计计提减值总额超920亿元后，公司仍保有 551.5亿元净资产、405.2亿元归母净资产。 融创方面向《华夏时报》记者表示，在妥善化解境内债务风险的同时，已委任华利安诺基、盛德分别作 为财务顾问及法律顾问，进一步寻求更全面的境外债务综合解决方案，力争在下一阶段彻底化解境外债 务风险。 "融创始终走在房企债务风险化解的最前列，其解题思路不仅为行业提供了优秀示范，也令公司在资本 市场的信用修复早于预期。"上述机构分析师认为，融创去年10月成功配股融资12.05亿港元，已成为行 业信心提振的标志性事件。 随着公司 ...

公告表示，目前融创持续专注于物业项目的竣工交付及销售业绩的提升，并且积极开展风险化解工作， 保证集团的业务稳定及可持续运营。2024年，集团继续向保交付困难项目的属地政府申请保交楼专项借 款，同时积极申请银行配套融资及"白名单项目"融资以满足项目开发建设所需资金。截至目前，融创获 得各地政府批准的保交楼专项借款审批金额约218亿元，获得银行配套融资审批金额约104亿元，以 及"白名单项目"融资审批金额23亿元。此外，集团2024年通过引入资产管理公司合作开发项目获得资金 审批金额约61亿元。融创未来将继续通过物业销售回款，及申请保交楼专项借款、银行配套融资、"白 名单项目"融资及与金融机构合作等方式获得营运资金。 公告指出，2024年，融创积极化解债务风险，并取得显著进展。截至目前，境内公开市场债务重组方案 已全部经相关债券持有人会议审议通过，2025年将全力完成方案落地和执行。针对境外债务，集团已委 任财务顾问及法律顾问，在顾问的协助下进一步寻求更加全面的境外债务综合解决方案，争取在下一个 阶段彻底化解境外债务风险。对于项目层面融资，部分由于市场下滑造成还款有困难的，集团持续与金 融机构积极沟通推进展期方案 ...

对于2024年度经营表现，融创中国介绍称，公司积极采取多项应对策略，持续专注于物业项目的竣工交 付以落实保交付主体责任，积极开展相关债务风险化解工作和资产盘活工作，优化管控体系、缩减行政 开支等，同时关注政策变化提升产品竞争力以适应当下销售市场，保证公司业务稳定及长期可持续运 营。 保交楼作为首要任务，2024年，融创在全国84个城市共交付约17万套房屋，位列行业前三，2022—2024 年融创累计交付约66.8万套房屋。 融创中国表示，报告期内公司积极通过申请保交楼专项借款、配套融资、申报"白名单"等融资资源支持 物业项目的开发建设及顺利竣工交付。截至目前，公司获得保交楼专项借款审批金额218亿元、银行配 套融资审批金额104亿元，以及"白名单"项目融资审批金额23亿元，共计约345亿元。 此外，2024年，融创中国完成了总规模154亿元的境内债重组，也是行业首家完成境内公司债整体重组 的房企，公司预计可削降约70%的境内公司债务，且5年内不再有兑付压力。同时，通过与AMC合作， 融创中国将"减负"延伸到项目层面。 2025年保交楼将进入收尾阶段 3月28日，融创中国(01918.HK)发布2024年业绩公 ...

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 截 至 2024 年 12 月 31 日止年度之經審核業績公告 業績摘要 截至2024年12月31日止年度： 1 • 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471.4億元； • 於2024年12月31日，本集團連同其合營公司及聯營公司的權益土地儲備約 8,756.5萬平方米，其中未售權益土地儲備約6,301萬平方米； • 本集團收入約為人民幣740.2億元，較去年減少約52%； • 本集團毛利約為人民幣28.9億元，去年毛虧約為人民幣25.0億元； • 本公司擁有人應佔虧損約為人民幣257.0億元， 去年本公司擁有人應佔虧損 約為人民幣79.7億元；本年度本公司擁有人應佔虧損較去年大幅增加主要是 因為去年錄得境外債務重組收益，若本年度及去年均剔除債務重組收益的影 響，本年度本公司擁有人應佔虧損較去年有所減少； • 於2024年12 ...

智通财经APP获悉，融创中国(01918)午前跌超5%，截至发稿，跌5.46%，报1.73港元，成交4.08亿港 元。 消息面上，3月17日，融创中国发布公告，预期截至2024年12月31日止年度本公司拥有人应占亏损约人 民币255亿元至人民币260亿元(截至2023年12月31日止年度：本公司拥有人应占亏损约为人民币79.7亿 元)，该金额已包含本年度实现的部分境内债务重组收益。本年度取得亏损主要由于受市场下行的影 响，本公司结转收入大幅减少且同时计提资产减值拨备及或有负债拨备所致。本年度本公司拥有人应占 亏损较去年大幅增加主要是因为去年取得境外债务重组收益，如本年度及去年均剔除债务重组收益的影 响，本年度本公司拥有人应占亏损预计较去年有所减少。 港股异动 | 融创中国(01918)午前跌超5% 公司近日 发盈警 预期年度股东应占亏损约255亿元至260亿元 ...

Company Overview and Business Segments - Sunac China Holdings Limited is a leading enterprise in China's real estate industry, with nationwide leading capabilities in comprehensive urban development and integrated industrial operation[2][3] - The Group's real estate development business is mainly located in the Yangtze River Delta, Bohai Rim, South China, Central regions, and Western regions, divided into 9 major regions for management[4][5] - The Group has a high-quality land bank with an advantageous layout and leading product development capabilities[4][5] - Sunac China Holdings Limited is also a leading ice & snow industry operator and a leading cultural tourism industry operator and property owner in China[2][3] - The Group's shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited since 2010[2][3] - The company's operating segments include property development, cultural tourism city construction and operation, property management, and other segments[111] - Other segments primarily include film and cultural investments and office building leasing, with their performance included in the "All Other Segments" column[111] Financial Performance and Key Metrics - The company completed the delivery of approximately 58,000 housing units in 52 cities in the first half of 2024, aiming to deliver over 170,000 units for the full year[16] - The company's revenue for the first half of 2024 was approximately RMB 34.28 billion, a decrease of 41.4% year-over-year, with a gross loss of RMB 1.81 billion, a reduction of 41.2% compared to the same period last year[16] - The company's net loss attributable to shareholders was approximately RMB 14.96 billion, a decrease of 2.7% year-over-year, with net assets attributable to shareholders standing at RMB 47.96 billion as of June 30, 2024[16] - The company's total land reserves, including joint ventures and associates, were approximately 145 million square meters, with unsold land reserves of about 100 million square meters[17] - The property management segment, Sunac Services, achieved revenue of approximately RMB 3.48 billion and a gross profit of RMB 890 million in the first half of 2024, with a managed area of 282 million square meters and over 1.6 million managed households[17] - The company's cultural tourism segment, including theme parks, commercial properties, hotels, and snow parks, generated revenue of approximately RMB 2.48 billion, with the snow park segment growing 13% year-over-year to RMB 420 million[17] - The company's total revenue, including joint ventures and associates, was approximately RMB 79.09 billion in the first half of 2024, a decrease of 46.5% year-over-year, with attributable revenue of RMB 44.28 billion, down 52.3%[18] - Property sales accounted for 81.9% of total revenue at RMB 28.08 billion, while cultural tourism construction and operations contributed 7.2% at RMB 2.48 billion, and property management contributed 9.9% at RMB 3.39 billion[19] - The total delivered construction area in the first half of 2024 was 2.785 million square meters, a decrease of 42.2% compared to the same period last year[19] - The company's sales cost decreased by 41.4% year-over-year to RMB 36.09 billion, primarily due to a reduction in property delivery area[20] - Gross loss decreased by RMB 1.27 billion to RMB 1.81 billion in the six months ended June 30, 2024, compared to RMB 3.08 billion in the same period in 2023[21] - Gross margin remained at -5.3% for the six months ended June 30, 2024, consistent with the same period in 2023[21] - Sales and marketing expenses decreased by 51.5% to RMB 1.11 billion in the six months ended June 30, 2024, from RMB 2.29 billion in the same period in 2023[22] - Administrative expenses decreased by RMB 770 million to RMB 1.78 billion in the six months ended June 30, 2024, from RMB 2.55 billion in the same period in 2023[22] - Other income and gains increased by RMB 640 million to RMB 2.53 billion in the six months ended June 30, 2024, primarily due to gains from the sale of subsidiaries, joint ventures, and associates[23] - Other expenses and losses amounted to RMB 6.40 billion in the six months ended June 30, 2024, including provisions for litigation and other contingent liabilities of RMB 3.25 billion[24] - Expected credit loss impairment increased by RMB 640 million to RMB 1.11 billion in the six months ended June 30, 2024, compared to RMB 470 million in the same period in 2023[25] - Operating loss decreased by RMB 3.24 billion to RMB 9.68 billion in the six months ended June 30, 2024, from RMB 12.92 billion in the same period in 2023[26] - Cash balance (including restricted cash) increased to RMB 25.68 billion as of June 30, 2024, from RMB 24.62 billion as of December 31, 2023[31] - Total borrowings decreased by RMB 400 million to RMB 277.43 billion as of June 30, 2024, from RMB 277.83 billion as of December 31, 2023[32] - The company's capital-debt ratio increased to 79.2% as of June 30, 2024, up from 75.2% at the end of 2023, primarily due to reduced revenue and provisions for contingent liabilities[33] - The company recorded a foreign exchange loss of approximately RMB 310 million during the six months ended June 30, 2024, due to market exchange rate fluctuations[36] - The company provided guarantees for mortgage loans amounting to approximately RMB 79.92 billion as of June 30, 2024, slightly down from RMB 79.98 billion at the end of 2023[37] - The company is involved in 368 lawsuits with claims exceeding RMB 50 million each, totaling approximately RMB 139.94 billion, mainly related to unpaid loans and construction costs[38] - The company's total land reserves, including joint ventures and associates, amounted to approximately 1.45 billion square meters as of June 30, 2024, with equity land reserves of approximately 973.83 million square meters[39] - The Yangtze River Delta region accounts for 1.51 billion square meters of the company's equity land reserves and 2.38 billion square meters of total land reserves[40] - The Bohai Rim region accounts for 2.39 billion square meters of the company's equity land reserves and 3.00 billion square meters of total land reserves[41] - The Western region accounts for 3.52 billion square meters of the company's equity land reserves and 5.69 billion square meters of total land reserves[42] - The Central region accounts for 1.31 billion square meters of the company's equity land reserves and 2.07 billion square meters of total land reserves[42] Corporate Governance and Shareholder Information - The company has adopted the Corporate Governance Code and complied with all applicable code provisions during the six months ended June 30, 2024[43] - A total of 51.08 million share options were granted under the Pre-IPO Share Option Plan, representing approximately 1.67% of the total issued shares post-global offering[44] - Under the 2011 Share Option Plan, 99.9 million share options were granted, representing approximately 3.33% of the total issued shares at the adoption date[44] - Under the 2014 Share Option Plan, 166.37 million share options were granted, representing approximately 5% of the total issued shares at the adoption date[45] - The Share Incentive Plan allows the trustee to purchase up to 220,113,960 shares, representing 5% of the total issued shares at the adoption date[46] - The trustee purchased 94.653 million shares under the Share Incentive Plan for a total consideration of approximately HKD 2.57 billion by June 30, 2019[46] - As of June 30, 2024, the trustee can purchase an additional 125,460,960 shares under the Share Incentive Plan, representing approximately 1.45% of the total issued shares[46] - A cumulative total of 57.505 million incentive shares were initially granted to selected employees under the Share Incentive Plan from the adoption date to June 30, 2024[47] - As of June 30, 2024, 165,013,460 incentive shares were available for granting under the Share Incentive Plan, representing approximately 1.91% of the total issued shares[47] - Total employee incentive shares granted from 2019 to 2021 amounted to 57,505,000, with 36,772,000 shares granted as of June 30, 2024[48] - Sun Hongbin holds approximately 29.28% of the company's equity, with 2,523,668,639 shares held through controlled entities[51] - The company has suspended the vesting of incentive shares granted to directors and employees from 2019 to 2021 due to industry and operational conditions[48] - Sunac International holds $117,431,726 in mandatory convertible bonds, which can be converted into 228,991,865 shares at a minimum conversion price of HK$4.00 per share[54] - The total number of shares issued as of June 30, 2024, is 8,620,471,579[52] - Sunac International holds 65,721,489 shares of Sunac Services, representing approximately 2.20% of the total issued shares[56] - The company's directors and senior management hold a combined total of 29,098,000 incentive shares as of June 30, 2024[48] - Sun Hongbin holds 67,288,606 shares of Sunac Services through controlled entities, representing approximately 2.20% of the total issued shares[55] - The company's board of directors has decided to suspend the vesting of incentive shares granted from 2019 to 2021[48] - The total number of shares issued by Sunac Services as of June 30, 2024, is 3,056,844,000[56] - Sunac International holds 2,474,962,639 shares, representing 28.71% of the company's total issued shares[58] - Sunac International holds 228,991,865 shares, representing 2.66% of the company's total issued shares[60] - The principal amount of unconverted mandatory convertible bonds held by Sunac International is $117,431,726, which can be converted into 228,991,865 shares at a minimum conversion price of HK$4.00 per share[61] Debt Restructuring and Financial Obligations - The company completed a restructuring cooperation with Guotou Zhongdian, transferring 70% equity and creditor rights of the target company for a total consideration of approximately RMB 3.974 billion[62] - The company sold 80% equity of the Shijiazhuang Central Business Zone project for a total consideration of approximately RMB 814 million[63] - The company sold 51% equity and related creditor rights of the Chongqing University Town project for a total consideration of RMB 540 million[64] - The company issued $1 billion in convertible bonds as part of its offshore debt restructuring, with an initial conversion price of HK$20.00 per share[67] - As of June 30, 2024, the principal amount of unconverted convertible bonds is $754,949,370, which can be converted into 294,430,254 shares at a conversion price of HK$20.00 per share[67] - The company issued mandatory convertible bonds with a total principal amount of $2,749,997,804 as part of its offshore debt restructuring on November 20, 2023[68] - During the first conversion period, $1,903,933,926 (69.23% of the initial issuance) of the mandatory convertible bonds were converted into 2,475,113,989 shares at a conversion price of HK$6.00 per share[68] - As of June 30, 2024, $717,637,751 of the mandatory convertible bonds remained unconverted, which could be converted into 1,399,393,614 shares at a minimum conversion price of HK$4.00 per share[69] - The company issued shareholder mandatory convertible bonds with a total principal amount of $450,000,000 to Sunac International on November 20, 2023[70] - As of June 30, 2024, $117,431,726 of the shareholder mandatory convertible bonds remained unconverted, which could be converted into 228,991,865 shares at a minimum conversion price of HK$4.00 per share[70] - If all outstanding convertible bonds, mandatory convertible bonds, and shareholder mandatory convertible bonds were converted, it would result in the issuance of approximately 1,922,815,733 shares, representing 22.31% of the total issued shares as of June 30, 2024[71] - The company reported a net loss attributable to owners of approximately RMB 14.96 billion for the six months ended June 30, 2024, with basic and diluted loss per share of RMB 1.79[74] - As of June 30, 2024, the company had net assets of approximately RMB 66.26 billion and net current liabilities of approximately RMB 49.23 billion[74] - The company expects to fulfill its redemption obligations under the convertible bonds if it successfully implements the plans and measures outlined in the interim condensed consolidated financial statements[74] - For holders of the mandatory convertible bonds and shareholder mandatory convertible bonds, converting the bonds into shares or redeeming them would yield equally favorable economic returns when the company's stock price approaches the conversion price[74] - The company successfully completed its offshore debt restructuring plan, effective from November 20, 2023, with creditors fully releasing and discharging existing debts in exchange for new notes, convertible bonds, and shares of Sunac Services Holdings Limited[94] - The company has reached loan extensions totaling approximately RMB 36.05 billion as of the approval date of the interim financial statements[94] - The company is actively seeking new financing or additional funding through various channels, including asset management companies, financial institutions, and asset disposals[94] - The company adjusted bond repayment arrangements, deferring principal and interest payments originally due in June and September 2024 to December 2024[94] - The company expects to secure sufficient funds for normal business operations and meet financial obligations over the next 18 months starting from June 30, 2024[95] - The company has completed settlements with certain creditors and continues to work on resolving pending litigation[95] - The company has streamlined its organizational structure, reducing management layers and personnel to improve efficiency and control costs[95] - The company is actively responding to government policies to stabilize the real estate market and complete housing delivery tasks[95] Asset and Liability Management - The company's total assets decreased from RMB 977.85 billion as of December 31, 2023, to RMB 961.97 billion as of June 30, 2024[83] - Non-current assets decreased from RMB 219.35 billion as of December 31, 2023, to RMB 214.53 billion as of June 30, 2024[83] - Current assets decreased from RMB 758.50 billion as of December 31, 2023, to RMB 747.44 billion as of June 30, 2024[83] - Total liabilities decreased slightly from RMB 894.07 billion as of December 31, 2023, to RMB 895.71 billion as of June 30, 2024[84] - Non-current liabilities decreased from RMB 114.82 billion as of December 31, 2023, to RMB 99.04 billion as of June 30, 2024[84] - Current liabilities increased from RMB 779.25 billion as of December 31, 2023, to RMB 796.67 billion as of June 30, 2024[84] - The company's equity decreased from RMB 83.79 billion as of December 31, 2023, to RMB 66.26 billion as of June 30, 2024[83] - The company faces significant uncertainties regarding its ability to continue as a going concern, primarily due to challenges in raising sufficient funds to repay domestic and foreign public debts[82] - The company's property, plant, and equipment decreased from RMB 65.61 billion as of December 31, 2023, to RMB 22.57 billion as of June 30, 2024[83] - The company's investment properties decreased from RMB 22.10 billion as of December 31, 2023, to RMB 12.99 billion as of June 30, 2024[83] - Revenue for the six months ended June 30, 2024, was RMB 34,279.6 million, a decrease of 41.4% compared to RMB 58,472.8 million in the same period in 2023[86] - Gross loss for the six months ended June 30, 2024, was RMB 1,808.7 million, compared to a gross loss of RMB 3,078.8 million in the same period in 2023[86] - Operating loss for the six months ended June 30, 2024, was RMB 9,681.2 million, a decrease of 25.1% compared to RMB 12,917.6 million in the same period in 2023[86] - Net loss attributable to the company's owners for the six months ended June 30, 2024, was RMB 14,957.2 million, compared to RMB 15,366.8 million in the same period in 2023[86] - Total equity as of June 30, 2024, was RMB 66,258.2 million, a decrease of 23.3% compared to RMB 86,402.8 million as of January 1, 2023[87][88] - Non-controlling interests' equity as of June 30, 2024, was RMB 18,295.3 million, a decrease of 34.5% compared to RMB 27,934.4 million as of January 1, 2023[87][88] - The company issued shares worth RMB 514.1 million after the conversion of convertible bonds and mandatory convertible bonds[87] - The company recorded a net loss of RMB 16,665.0 million for the six months ended June 30, 202