1-11月累计实现合同销售金额约338.9亿元，累计合同销售面积约118.1万平方米。 12月4日，融创中国在港交所公告称，11月实现合同销售金额约11.2亿元，合同销售面积约9.2万平方 米。 累计合同销售面积约118.1万平方米。 ...

智通财经APP讯，融创中国(01918)发布公告，2025年11月，本集团实现合同销售金额约人民币11.2亿 元，同比减少30.43%，合同销售面积约9.2万平方米，合同销售均价约人民币12,170元/平方米。 截至2025年11月底，本集团累计实现合同销售金额约人民币338.9亿元，同比减少25.34%，累计合同销 售面积约118.1万平方米，合同销售均价约人民币28,700元/平方米。 ...

截至2025年11月底，集团累计实现合同销售金额约人民币338.9亿元，累计合同销售面积约118.1万平方 米，合同销售均价约人民币28,700元/平方米。 格隆汇12月4日丨融创中国(01918.HK)公布，2025年11月，集团实现合同销售金额约人民币11.2亿元， 合同销售面积约9.2万平方米，合同销售均价约人民币12,170元/平方米。 ...

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） 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（「本公司」）董事會（「董事會」）宣佈本公司、附屬公司連同合 營公司及聯營公司（「本集團」）2025年11月若干未經審核營運數據如下： 2025年11月，本集團實現合同銷售金額約人民幣11.2億元，合同銷售面積約9.2萬平 方米，合同銷售均價約人民幣12,170元/平方米。 截至2025年11月底，本集團累計實現合同銷售金額約人民幣338.9億元，累計合同銷 售面積約118.1萬平方米，合同銷售均價約人民幣28,700元/平方米。 上述銷售數據未經審核， 乃根據本集團初步內部資料編製， 鑒於收集該等銷售數據 過程中存在各種不確定性因素， 該等銷售數據與本公司按年度或半年度刊發的經審 核或未經審核綜合財務報表中披露的數字可能存在差異， 因此上述數據 ...

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 融創中國控股有限公司（「本公司」） 呈交日期: 2025年12月4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) | 01918 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | HKD | | 0.1 HKD | | 3,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 30,000,000,000 | HKD | | 0.1 HKD | | 3,000,000,000 | 本月底法定/註冊股本總額： ...

"目前双方在协商，如果有实质性进展，会及时披露。"12月2日，华发股份方面回应了深圳商报记 者关于深圳前海冰雪世界项目股权回购进展的提问。 两年前，融创因陷入严重的流动性危机，不得已将项目公司51%的股权及债权以35.8亿元的对价转 让给华发，以回笼资金。 有市场人士猜测，如今融创敢于"回头"的关键底气，首先来源于自身困境的缓解。11月5日，融创 中国总额约96亿美元的境外债务重组方案获得香港高等法院正式批准，其债务压力得到显著改善。这为 融创重新审视并盘活优质资产提供了财务上的可能性。 更直接的动力则来自于项目本身从"资产包袱"到"现金奶牛"的惊人蜕变。今年9月29日，深圳前海 冰雪世界开业试运营，首月累计接待游客突破40万人次，单日最高客流达4万人次，其中港澳游客占比 显著。国金证券研报预测，项目进入成熟期后，每年可贡献约6.5亿元营收和1.3亿元净利润，"全球最大 室内冰雪世界"的影响力可见一斑。 与此同时，项目的资产包已发生重大变化。今年7月，华发股份将项目内7块商业用地以44.05亿元 的对价由深圳土储中心收储，虽然产生账面亏损，但实现了大额现金回流。此外，项目内的人才房板块 已通过销售回款超70亿 ...

Core Insights - Major landmark projects that were previously stalled are now showing signs of revival, with specific examples including the Chongqing Bay project and the Shenzhen-Hong Kong International Center [3][5] - The revival of these projects is attributed to a combination of policy support, market conditions, and financial backing from various institutions [6][5] Group 1: Project Revitalization - The Chongqing Bay project is set to restart with an investment of up to 2.476 billion yuan for debt restructuring and new financing, with plans for construction to begin soon [3][4] - The Shenzhen-Hong Kong International Center is transitioning from a primarily commercial focus to a mixed-use development that includes residential components, following a recent zoning adjustment [4][5] - The "World's First Water Bureau Building" in Guizhou has been transformed into a luxury hotel, indicating a successful pivot from a previously stalled project [5] Group 2: Challenges in Revitalization - Despite some projects moving forward, others like the Guangzhou Round Building are still struggling to find buyers, highlighting the complexities involved in reviving stalled developments [7] - Key challenges for project revitalization include funding gaps, legal disputes among creditors, and the need to rebuild market trust and brand value [9][10] - Financial institutions are increasingly playing a crucial role in project recovery by providing structured financing and facilitating debt restructuring [11]

Core Viewpoint - The article discusses the recent progress in revitalizing previously stalled landmark projects in various cities, highlighting the potential for these "zombie projects" to be brought back to life through coordinated efforts from government, financial institutions, and private investors [3][4]. Group 1: Revitalization of Landmark Projects - Multiple previously stagnant landmark projects are showing signs of potential revitalization, including the Chongqing Bay project and the Shenzhen-Hong Kong International Center [5][6]. - The Chongqing Bay project, acquired by Sunac from Sunshine 100, is set to receive up to 2.476 billion yuan for debt restructuring and new financing, with plans for construction to commence soon [6][7]. - The Shenzhen-Hong Kong International Center, originally acquired by Shimao Group for approximately 23.9 billion yuan, is undergoing a zoning change to allow for mixed residential and commercial use, paving the way for future development [8]. Group 2: Factors Driving Revitalization - The revival of these projects is driven by a combination of policy support, market conditions, and financial backing from institutions, with local governments playing a crucial role in resource coordination [9]. - The 2025 government work report emphasizes the importance of revitalizing existing land and commercial properties, providing a policy basis for the resumption of stalled projects [9]. Group 3: Challenges to Overcome - Despite some projects making progress, others, like the Guangzhou Round Building, continue to face challenges, including failed auctions and complex debt situations [11][12]. - Key challenges for large project revitalization include funding gaps, legal disputes among creditors, and the need to rebuild market trust and brand value [13][14]. - Financial institutions are increasingly important in this process, providing expertise and resources for restructuring and risk management [14].

Core Insights - The property "Sen Yu Hai" in Hangzhou, once highly anticipated, is now facing significant price declines, with recent auction results showing a drastic drop in value compared to initial prices [1][4][8] Group 1: Property Overview - "Sen Yu Hai" spans 5000 acres and was developed by the leading real estate company, Sunac, initially positioned as a major project comparable to Liangzhu Cultural Village [1] - The project was launched in 2019 with an average price of 14,000 yuan per square meter, but the current auction price for a unit has fallen to approximately 8,300 yuan per square meter, representing a 56% decrease from the original price [1][4] Group 2: Market Trends - The property has seen a continuous decline in prices since last year, with reports indicating that units can now be purchased for as low as 5,600 yuan per square meter [7][8] - Recent data shows that in September and October, the average transaction prices for second-hand homes in "Sen Yu Hai" were 7,300 yuan and 7,800 yuan per square meter, respectively [11] Group 3: Auction Results - A recent auction for a 138.8 square meter unit concluded at 1.15 million yuan after 38 rounds of bidding, indicating increased interest compared to a previous failed auction [1][7] - The initial auction price was set at 1.03 million yuan, which did not attract any bidders, highlighting the challenges in the current real estate market [7][8] Group 4: Location and Development Challenges - "Sen Yu Hai" is located over 35 kilometers from downtown Hangzhou, which has contributed to its declining appeal due to poor transportation and limited amenities [8] - The project was previously known as Yun Du Mei Nong and faced bankruptcy issues before being acquired by Sunac in 2019, which has since invested significantly in its development [8]

Core Viewpoint - The project "Shenzhen Qianhai Ice and Snow World," claimed to be the world's largest indoor ski resort, is facing significant changes due to a conditional buyback notice from Sunac Cultural Tourism to Huafa Group, which may lead to a shift in ownership and operational dynamics [2][4][7]. Group 1: Project Background - In late 2019, Sunac signed a cooperation agreement with the Shenzhen Bao'an District government to invest 36.7 billion yuan in the project, aiming to create the world's largest indoor ice and snow world [4]. - The project was initially a joint venture between Sunac (51% ownership) and Huafa (49% ownership), with a total planned investment of 18.29 billion yuan, including various facilities such as the indoor ski resort and commercial complexes [4][6]. - The project broke ground in March 2021 but faced delays due to the real estate liquidity crisis that began in the second half of 2021, leading to a shift from partnership to a creditor-debtor relationship [6]. Group 2: Recent Developments - In January 2023, Huafa acquired Sunac's 51% stake in the project for 3.57 billion yuan, gaining full ownership but leaving a buyback option for Sunac until November 2025, with unclear terms regarding the buyback price [7][12]. - In July 2023, Huafa sold seven commercial land parcels in Shenzhen for 4.405 billion yuan to mitigate financial pressure, incurring a 24.59% discount on the book value of 5.841 billion yuan [8][12]. - The project began trial operations on September 29, 2023, featuring five ski trails and attracting over 400,000 visitors in its first month, with a significant portion of visitors coming from Hong Kong and Macau [9][11]. Group 3: Financial Performance - Huafa's financial situation has been under pressure, with a reported revenue of 59.992 billion yuan and a net profit of 0.951 billion yuan for 2024, alongside a 16.3% decline in sales [12][13]. - In the first three quarters of 2023, Huafa achieved a revenue of 51.75 billion yuan, a 64% increase year-on-year, but the net profit plummeted by 92.3% to 0.102 billion yuan [13]. - Analysts predict that once the project matures, it could generate annual revenues of 650 million yuan and net profits of approximately 130 million yuan [12].