智通财经APP讯，碧桂园(02007)发布公告，2026年4月1日，自2025年6月30日起计78个月到期的零息强 制性可转换债券(强制性可转换债券(A))获转换而发行234.17万股。 ...

FF305 確認 FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 碧桂園控股有限公司 (於開曼群島註冊成立之有限公司) 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02007 | 說明 | 普通股 | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有 ...

Group 1 - The company, Country Garden (02007.HK), announced a special project team fee arrangement allowing for a maximum of $9 million (approximately HKD 70.2 million) to be settled through the issuance of up to 140 million new shares [1] - As of the announcement date, the project team fee shares represent approximately 0.514% of the total shares issued [1] - The issuance price of HKD 0.32 per share is at a premium of approximately 1.587% compared to the closing price of HKD 0.315 on the announcement date [1] Group 2 - The total par value of the project team fee shares is HKD 21,937,500 [1] - Following the completion of the share issuance, the project team fee shares will represent approximately 0.512% of the expanded total shares issued, assuming no other changes in the number of shares from the announcement date until completion [1] - The issuance price is at a discount of approximately 1.538% compared to the average closing price of HKD 0.325 over the five trading days preceding the announcement [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。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約，亦不構成在任何司法權區徵求任何 投票或批准。 本公告或其任何副本不得直接或間接在美國或任何其他可能違法進行該等發佈或分發的司法權區發佈或分 發。 本公告並非亦不構成在美國或在根據其證券法進行登記或取得資格前要約購買或出售任何證券或招攬購買 或出售任何證券的要約或銷售任何證券即屬違法的任何其他司法權區進行該等要約或招攬的任何部份。本公 告所述的證券並未亦不會根據1933年美國證券法登記，在未經登記或獲豁免登記的情況下不得在美國境內 發售、出售或以其他方式轉讓。在美國公開發售的任何證券均將透過售股章程進行，售股章程可從本公司獲 得，其中包含有關本公司及管理層的詳細資料以及財務報表。本公司無意在美國登記本公告所述任何發售的 任何部份。 誠如通函所披露，根據與專案小組的工作費用安排，最多9,000,000美元（相當於 70,200,000港元）的專 ...

Core Viewpoint - The real estate market in China has shown significant recovery in March 2026, with new home sales and second-hand home sales experiencing substantial month-on-month increases of 89% and 117% respectively, indicating a positive trend in market activity [15][28]. Sales Performance - In March 2026, typical real estate companies achieved a sales revenue of 206.5 billion yuan, representing a month-on-month growth of 127.1% and a cumulative sales revenue of 426.1 billion yuan for the first three months of the year [16][21]. - Seven companies reported year-on-year sales growth exceeding 100%, with notable performances from private firms such as Junyi Holdings and Maoyuan Holdings, which saw increases of 329.4% and 216.2% respectively [20][22]. Market Dynamics - The market is experiencing structural differentiation, with luxury properties in core urban areas and high-value affordable housing in suburban areas performing well. For instance, projects like Shenzhen Bay and Shanghai Bund have achieved remarkable sales figures [23]. - Conversely, properties in the outskirts are facing challenges due to inadequate infrastructure and high commuting costs, leading to slower sales [23]. Policy Environment - The government has prioritized stabilizing the real estate market as part of the "14th Five-Year Plan," which aims to boost consumer confidence and stabilize market expectations [25][26]. - The Ministry of Natural Resources has issued guidelines linking new land supply to the revitalization of existing land, which is expected to influence the supply side of the real estate market [26]. Market Transactions - In March 2026, the transaction area for new residential properties in 50 key cities reached approximately 11.33 million square meters, marking a significant month-on-month increase of 89% [27]. - The second-hand housing market also showed robust activity, with a transaction area of about 17.97 million square meters in March, reflecting a month-on-month increase of 117% and a year-on-year growth of 6% [28]. - The land market has seen a cyclical rebound, with transaction volumes and values increasing significantly in March 2026, indicating a recovery in land sales [29].

Core Viewpoint - Country Garden has successfully turned a profit in 2025 after a significant debt restructuring, marking a recovery from previous losses and becoming one of the first private real estate companies to achieve this milestone in a challenging industry environment [1][3]. Financial Performance - In 2025, Country Garden reported a revenue of 154.89 billion yuan and a net profit attributable to shareholders of 3.26 billion yuan, making it the best-performing year in the last four years [1]. - The company experienced substantial losses in previous years, with net losses of 6.05 billion yuan in 2022, 178.4 billion yuan in 2023, and 32.83 billion yuan in 2024 [1]. - The total liabilities of Country Garden decreased significantly to 767.9 billion yuan by the end of 2025, down 216.7 billion yuan from 984.6 billion yuan at the end of 2024 [3]. Debt Restructuring - The core reason for the turnaround in performance is attributed to the non-cash gains from the completion of debt restructuring, which included a successful plan for approximately 17.7 billion USD of offshore debt approved by the Hong Kong High Court [3]. - The restructuring involved issuing up to 13 billion USD in mandatory convertible bonds and up to 15.5 billion shares to replace existing debt, leading to a significant reduction in interest-bearing debt, which fell by 1.055 billion yuan (42%) to 148 billion yuan by the end of 2025 [3][2]. Project Delivery and Sales - Country Garden delivered approximately 170,000 housing units in 2025, with a total delivery area of about 19.82 million square meters, maintaining its position as the industry leader in project delivery [5]. - The company achieved a contract sales amount of approximately 33.01 billion yuan in 2025, with a sales area of about 4.02 million square meters [5]. Market Position and Future Outlook - Despite the overall pressure on the real estate industry, Country Garden remains influential in its primary market of Guangdong, leading in sales in local markets such as Shaoguan [5]. - The company is preparing for a critical transition in 2026, focusing on normalizing operations and enhancing business recovery, as indicated by the chairman's emphasis on a "second entrepreneurship" following the debt restructuring [9][10]. Light Asset Business Growth - Country Garden's light asset businesses, including property management and commercial management, have shown significant recovery, with over 200 projects managed and nearly 20 million square meters under management as of the end of 2025 [7]. - The commercial management sector has also expanded, with the long-term rental apartment brand "Biji Apartment" adding over 2,400 new units, indicating a focus on profitability and operational efficiency [8].

Group 1 - The company will continue to focus on improving sales performance and actively revitalizing assets [1]

Core Viewpoint - Country Garden aims to ensure stable and sustainable operations by improving operational efficiency and strengthening cash flow management [1] Group 1 - The company is focusing on enhancing its operational efficiency to maintain business stability [1] - Strengthening cash flow management is a key strategy for the company to support its ongoing operations [1]

Core Viewpoint - Country Garden has reported a significant decline in revenue for 2025, but has achieved a turnaround in profitability due to debt restructuring efforts [1][2][4]. Group 1: Financial Performance - Total revenue for Country Garden in 2025 was approximately 154.89 billion yuan, a year-on-year decrease of about 38.7%, marking four consecutive years of decline [1]. - The company's net profit for 2025 was approximately 3.26 billion yuan, a significant recovery from previous years of losses [2][3]. - The gross loss for 2025 was approximately 43.12 billion yuan, primarily due to impairment provisions for properties under construction and completed properties [5]. Group 2: Debt Restructuring - The successful debt restructuring was a core reason for the company's return to profitability, with a total of approximately 177 billion USD in offshore debt restructured [4]. - The restructuring included a cash payment of approximately 398 million USD to creditors shortly after the plan took effect [4]. - Total liabilities decreased to approximately 767.86 billion yuan by the end of 2025, down 216.73 billion yuan from the previous year [5]. Group 3: Real Estate Development - Revenue from real estate development, which constitutes 97.2% of total income, fell to approximately 150.49 billion yuan in 2025, a decline of about 38.8% [1][7]. - The average sales price of delivered properties was approximately 6,908 yuan per square meter [7]. - Country Garden completed the delivery of approximately 170,000 housing units in 2025, maintaining its position as the industry leader in delivery volume [7]. Group 4: Future Plans - The company has prioritized property delivery as its main task, aiming to complete most delivery tasks by mid-2026 [8]. - Future strategic focus will include enhancing core competitiveness and advancing the development of fourth-generation residential designs [9]. - Country Garden is also shifting resources towards other business segments, including construction and property services, to support its long-term growth strategy [9].

COUNTRY GARDEN HOLDINGS COMPANY LIMITED 碧桂園控股有限公司 （於開曼群島註冊成立之有限公司） 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。 （股份代號：2007） 與本公司處理無法表示意見所採取的 行動有關的定期最新資料 本公告乃由碧桂園控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香 港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及香港法例第571章證 券及期貨條例第XIVA部之內幕消息條文（定義見上市規則）而作出。 茲提述本公司於2025年4月28日刊發的截至2024年12月31日止財政年度的年度報告 （「年報」）及本公司於2026年3月30日刊發的截至2025年12月31日止年度全年業績 （「該公告」），其中本公司的獨立核數師中匯安達會計師事務所有限公司（「核數師」） 由於與編製本集團截至2024年12月31日（「2024年綜合財務報表」）及2025年12月31 日（「20 ...