2025年1月–7月，集团实现累计合约销售金额为人民币32.08亿元；累计销售面积为23.888万平方米；平 均销售价格为每平方米人民币13,428元。 格隆汇8月6日丨弘阳地产(01996.HK)发布公告，集团2025年7月份的合约销售金额为人民币3.37亿元； 销售面积为2.528万平方米；平均销售价格为每平方米人民币13,340元。 ...

弘阳地产在港交所公告，7月份的合约销售金额为人民币3.37亿元；销售面积为25,280平方米；平均销售 价格为每平方米人民币13,340元。2025年1月–7月，集团实现累计合约销售金额为人民币32.08亿元；累 计销售面积为238,880平方米；平均销售价格为每平方米人民币13,428元。 ...

Core Insights - Hongyang Real Estate (01996) reported a significant decline in contract sales for July 2025, amounting to RMB 337 million, representing a year-on-year decrease of 50.4% [1] - For the period from January to July 2025, the company achieved cumulative contract sales of RMB 3.208 billion, down 41.6% year-on-year [1] Sales Performance - The sales area for July 2025 was 25,300 square meters, with an average selling price of RMB 13,340 per square meter [1] - Cumulative sales area from January to July 2025 reached 239,000 square meters, with an average selling price of RMB 13,428 per square meter [1]

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。 Redsun Properties Group Limited 弘陽地產集團有限公司 2025年1月–7月，本集團實現累計合約銷售金額為人民幣32.08億元；累計銷售面 積 為238,880平方米；平均銷售價格為每平方米人民幣13,428元。 上述已披露初步數據或會變更並可能與本集團按年度或半年度刊發的經審核或 未 經 審 核 綜 合 財 務 報 表 所 呈 現 的 數 字 存 在 差 異。據 此，有 關 資 料 僅 供 參 閱 而 不 作 其 他 目 的。投 資 者 在 買 賣 本 公 司 證 券 時 務 須 小 心 謹 慎，不 可 依 賴 前 述 已 披 露 信息。投資者如有任何疑問應向專業顧問徵求意見。 代表董事會 弘陽地產集團有限公司 曾煥沙 （於開曼群島註冊成立的有限公司） （股份代號：1996） 截 至2025年7月31日未經審核營運數據 弘 陽 地 產 集 團 有 限 公 司（「本公司」）董 ...

Core Viewpoint - The recent statements from the National Development and Reform Commission (NDRC) indicate a strong commitment to stabilizing the real estate market in China, leading to a significant rebound in real estate stocks [1][5]. Group 1: Policy Signals - The NDRC has announced measures allowing cities with population inflows to utilize ultra-long-term special bonds and local government special bonds to enhance the recovery of idle land and stock housing, thereby increasing the supply of affordable housing for migrant populations [1][6]. - The NDRC aims to achieve new urbanization goals by 2035, focusing on high-quality urbanization through major projects that support agricultural migration and urban development [6]. Group 2: Market Reactions - Following the NDRC's announcement, A-shares in the real estate sector experienced a strong rebound, with several stocks hitting the daily limit up, and Hong Kong-listed property stocks saw even more significant gains, with some increasing by 30% [1]. - HSBC's report indicates that the recent rebound in the real estate sector is driven by a rapid reconstruction of market expectations regarding government policies, despite disappointing sales data [3]. Group 3: Investment Insights - HSBC suggests that investors are beginning to position themselves ahead of the upcoming Politburo meeting, viewing it as a critical policy window [3]. - Morgan Stanley highlights that the central government's entry into real estate relief through special bonds will benefit real estate stocks in the short term, although the fundamental impact will depend on the execution of these policies [5].

Core Viewpoint - The real estate sector is experiencing a significant rally in both A-shares and Hong Kong stocks, driven by positive policy signals and market dynamics [1][2][3]. Group 1: Market Performance - On July 10, A-share real estate stocks saw a collective surge, with notable gains including a 10.22% increase for Huaxia Happiness and multiple stocks hitting the daily limit [1]. - In the Hong Kong market, Longguang Group's stock rose over 80% at one point, with other companies like Yuanyang Group and Hongyang Real Estate also showing substantial gains [1]. Group 2: Policy Developments - The Ministry of Housing and Urban-Rural Development emphasized the importance of promoting stable and healthy development in the real estate market, urging local governments to implement tailored policies [2]. - Various cities are actively adjusting policies to stabilize the housing market, including easing purchase restrictions and increasing housing subsidies [2]. Group 3: Company Dynamics - Longguang Group announced that its domestic debt restructuring plan was approved, covering 21 existing exchange bonds with a total principal balance of 21.96 billion [2]. - Over 14 real estate companies, including Sunac and R&F, have received approval for debt restructuring or reorganization [2]. Group 4: Market Outlook - Industry analysts suggest that the real estate market is stabilizing, with a potential turning point expected in the second half of the year [3]. - The central government's focus on stabilizing both the real estate and stock markets is seen as crucial for boosting social expectations and facilitating domestic demand [3].

Company News - China Carbon Neutrality (01372.HK) signed a strategic cooperation agreement with Beijing Zhonghong Lanhai to collaborate in carbon peak, carbon neutrality, and new energy sectors, with a total investment of approximately 10 billion RMB [2] - Conant Optical (02276.HK) expects a net profit increase of no less than 30% year-on-year for the first half of the year, driven by strong sales of high refractive index and functional products, leading to an increase in average selling prices [2] - Shandong Molong (00568.HK) anticipates a net profit of 10 million to 13 million RMB attributable to shareholders for the first half of 2025, representing a year-on-year decline of 92.36% to 94.12% [2] - China General Nuclear Power (01816.HK) reported a total on-grid electricity of approximately 113.36 billion kWh for the first six months, an increase of 6.93% year-on-year [2] - Dongfeng Motor Group (00489.HK) recorded cumulative vehicle sales of 824,000 units in the first half of the year, a year-on-year decrease of approximately 14.7% [2] Real Estate Sales - Agile Group (03383.HK) reported a total contract sales amount of approximately 5.17 billion RMB for the first half of the year, with June sales amounting to approximately 930 million RMB [4] - Hongyang Real Estate (01996.HK) achieved a cumulative contract sales amount of 2.87 billion RMB for the first half of the year [4] - Times China Holdings (01233.HK) reported a cumulative contract sales amount of approximately 2.87 billion RMB for the first half of the year [5] - Ronshine China (03301.HK) recorded a cumulative contract sales amount of approximately 2.1 billion RMB for the first half of the year [6] - Aoyuan Healthy Life (01813.HK) reported June contract sales of 653 million RMB, a year-on-year decrease of 34% [6] Share Buybacks and Acquisitions - Tencent Holdings (00700.HK) repurchased shares worth 501 million HKD, acquiring 1.002 million shares at prices ranging from 494.4 to 502 HKD [6] - AIA Group (01299.HK) repurchased shares worth 377 million HKD, acquiring 5.5 million shares at prices ranging from 68.05 to 69.15 HKD [6] - HSBC Holdings (00005.HK) repurchased shares for approximately 31.59 million HKD, acquiring 333,600 shares at prices ranging from 94.5 to 94.85 HKD [6] - Bosideng (03998.HK) canceled 5 million shares that had been repurchased [6] Other Financial Activities - Fudan Zhangjiang (01349.HK) subscribed to a structured deposit product from China Merchants Bank, involving an investment of 90 million RMB [7] - Sensong International (02155.HK) received a capital increase of 330 million RMB for its subsidiary Shanghai Sensong Pharmaceutical, along with a put option [7]

Core Insights - Hongyang Real Estate Group announced a contract sales amount of RMB 400 million for June 2025, with a sales area of 25,796 square meters and an average selling price of RMB 15,518 per square meter [1] - For the first half of 2025 (January to June), the group achieved a cumulative contract sales amount of RMB 2.87 billion, with a cumulative sales area of 213,600 square meters and an average selling price of RMB 13,438 per square meter [1] Summary by Category - **Sales Performance** - Contract sales for June 2025 reached RMB 400 million [1] - Cumulative contract sales for January to June 2025 totaled RMB 2.87 billion [1] - **Sales Area** - Sales area for June 2025 was 25,796 square meters [1] - Cumulative sales area for the first half of 2025 was 213,600 square meters [1] - **Average Selling Price** - Average selling price in June 2025 was RMB 15,518 per square meter [1] - Average selling price for the first half of 2025 was RMB 13,438 per square meter [1]

Group 1 - The U.S. non-farm employment report for June is a key focus for the market, with attention on job vacancies, wage data, and manufacturing and service activity [2] - Market optimism is growing regarding a potential interest rate cut by the Federal Reserve, with the probability of a cut at the end of July rising to 18.6% from 14.5% the previous week, and a significant increase to 93% for a cut by the end of September [2] - Federal Reserve Chairman Jerome Powell remains cautious about rate cuts, stating that the Fed is in a favorable position to wait and is not in a hurry to adjust rates [2] Group 2 - CIFI Holdings Group announced that its offshore debt restructuring plan was approved by the court, effective June 27, 2025 [7] - Hongyang Real Estate extended the deadline for its restructuring support agreement fees to July 11 and July 25, 2025, due to creditors needing more time [7] - Kaisa Group announced that the final deadline for its restructuring support agreement has been extended to September 30, 2025, with other terms remaining unchanged [7] - Shimao Group expects its offshore debt restructuring plan, approved by the Hong Kong High Court, to be completed by August 29, 2025, relieving approximately $11.5 billion in existing offshore debt [7] - New World Development successfully refinanced part of its existing offshore unsecured financial debt, covering approximately HKD 88.2 billion [7] Group 3 - In June, China's manufacturing PMI was at 49.7%, non-manufacturing PMI at 50.5%, and the composite PMI output index at 50.7%, indicating a general expansion in economic activity [13] - The People's Bank of China conducted a 7-day reverse repo operation of CNY 331.5 billion at a rate of 1.40%, with a net injection of CNY 111 billion for the day [13]

Group 1: Real Estate Policies - Wuhan extended the deadline for certain real estate policies to December 31, 2025, allowing new housing projects in specific districts to apply for pre-sale permits under certain conditions [1] Group 2: Company Financials and Strategies - Hongyang Real Estate announced the completion of approximately 3 billion yuan in loan extensions and new financing of about 90 million yuan in the first half of 2025 to address operational uncertainties [2] - Longguang Group is actively working on its overall debt restructuring plan, including preparing necessary legal documents and updating creditors on project and asset information [3] Group 3: Executive Changes - Zhongyuan Jianye announced the resignation of Executive Director Chen Aiguo due to family reasons, effective July 1, 2025 [4] Group 4: Industry Performance - The top 100 real estate companies in China reported a total sales revenue of 183.64 billion yuan in the first half of 2025, reflecting a year-on-year decline of 11.8%, with four companies exceeding 100 billion yuan in sales [5]