碧桂园(02007)现涨超4%，截至发稿，涨2.74%，报0.375港元，成交额6987.65万港元。 消息面上，1月9日，碧桂园宣布旗下4只境内债券自开市起复牌。据悉，基于债务重组的需要，这批债 券自2025年9月19日起停牌。碧桂园方面披露的信息显示，该公司已于2025年12月26日完成这4只债券的 现金提前偿付。此次复牌，意味着其境内债务重组正在有序落地。 中指研究院企业研究总监刘水认为，碧桂园的债务重组方案对其他正处于化债进程的企业具有借鉴价 值。就碧桂园自身而言，债务重组成功则意味着企业经营真正进入新阶段。 ...

Sales Performance - In December 2025, 30 key listed real estate companies achieved a total sales amount of 232.86 billion yuan, with 22 companies showing month-on-month sales growth [5][11] - Among these, Sunac China had the highest month-on-month growth rate [5] - For the entire year, the cumulative sales amount reached 2,214.2 billion yuan, with China Jinmao and Greenland Holdings showing growth [5] Land Acquisition - In December, half of the monitored companies added land reserves, with a cautious approach towards year-end investments [7][12] - The total investment amount for the 30 monitored companies was approximately 30.1 billion yuan, reflecting a month-on-month increase of 29% [11] - The average land floor price in December was 10,968 yuan per square meter, down 39% from November [11] Financing Activities - In December 2025, the total financing amount for 65 typical real estate companies was 24.078 billion yuan, a decrease from the previous month [13] - The cumulative financing for the year was 414.314 billion yuan, indicating a low level of financing activity [13] - The average financing cost for newly issued bonds was 2.89%, a slight decrease compared to 2024 [15] Organizational Dynamics - Significant personnel changes occurred in major companies, including the appointment of Cheng Guangyu as the new president of Country Garden [16][18] - Greenland China initiated a comprehensive organizational adjustment, focusing on strategic leadership and risk control [19] - The trend in the industry shows a shift towards organizational efficiency and management optimization in response to market pressures [17][18]

Core Viewpoint - Country Garden (碧桂园) has resumed trading of four domestic bonds, indicating progress in its debt restructuring process, which is expected to positively impact its operational phase moving forward [1] Group 1: Company Developments - As of January 9, Country Garden's stock price increased by over 4%, with a current price of 0.375 HKD and a trading volume of 69.8765 million HKD [1] - The four domestic bonds were suspended from trading starting September 19, 2025, due to the need for debt restructuring [1] - The company completed cash early repayment of these four bonds on December 26, 2025, signaling an orderly execution of its debt restructuring [1] Group 2: Industry Implications - Liu Shui, Director of Enterprise Research at the China Index Academy, believes that Country Garden's debt restructuring plan serves as a reference for other companies undergoing debt resolution processes [1] - Successful debt restructuring for Country Garden signifies a new operational phase for the company [1]

Core Viewpoint - The real estate industry is gradually bottoming out and undergoing value reconstruction, adhering to the core concept of "long-termism" [1] Group 1: Sales Performance - In 2025, 10 real estate companies achieved sales exceeding 100 billion yuan, with 4 companies surpassing 200 billion yuan [1] - The top 10 companies by sales in 2025 were: Poly Developments (253 billion), Greentown China (251.9 billion), China Overseas Land & Investment (251.2 billion), China Resources Land (233.6 billion), China Merchants Shekou (186 billion), Vanke (178 billion), Jianfa Real Estate (156 billion), China Jinmao (135 billion), Yuexiu Property (128 billion), and Binjiang Group (105 billion) [2] Group 2: Investment Trends - The investment amount in 2025 reflects the industry's situation, with state-owned enterprises dominating the top ten in investment [2] - China Overseas Land & Investment, China Resources Land, Poly Developments, and China Merchants Shekou accounted for over 30% of the total investment among the top ten companies [2] - Private enterprises showed signs of recovering investment confidence, with total land acquisition exceeding 100 billion yuan in 2025, marking an 8% year-on-year increase [3] Group 3: Market Outlook - The year 2026 is expected to be a pivotal year for the industry, with ongoing debt restructuring among real estate companies and a focus on completing housing delivery tasks [3] - The market is anticipated to seek a new supply-demand balance while maintaining a stable adjustment, with potential structural recovery in residential market transactions [3] - The average annual sales area of new residential buildings in the next five years is projected to remain between 700 million and 800 million square meters [4] Group 4: Company Visions for 2026 - Poly Developments aims to enhance its core value through refined operations and digital marketing while expanding into property services and light-asset construction [5] - Greentown China focuses on product innovation and community service, emphasizing high quality and sustainability [6] - China Overseas Land & Investment plans to deepen its core business and enhance its competitive edge through technology and investment [7] - China Resources Land intends to accelerate its strategic layout and ensure high-quality project execution [8] - China Jinmao aims to become a leader in product innovation and sustainable development through a three-step strategic plan [9] - Yuexiu Property emphasizes high-quality growth through enhanced service offerings and community engagement [10] - Country Garden is shifting its focus from housing delivery to optimizing its debt structure and restoring normal operations [11] - China Communications Construction Company is committed to urban deep cultivation and digital transformation [12]

今年以来该股累计进行5次回购，合计回购353.50万股，累计回购金额2188.89万港元。（数据宝） 证券时报·数据宝统计，碧桂园服务在港交所公告显示，1月12日以每股6.230港元至6.280港元的价格回 购170.00万股，回购金额达1061.50万港元。该股当日收盘价6.250港元，下跌0.48%，全天成交额 4851.80万港元。 自1月7日以来公司已连续4日进行回购，合计回购271.90万股，累计回购金额1694.78万港元。 其间该股 累计下跌0.64%。 碧桂园服务回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2026.01.12 | 170.00 | 6.280 | 6.230 | 1061.50 | | 2026.01.09 | 21.90 | 6.250 | 6.250 | 136.88 | | 2026.01.08 | 40.00 | 6.250 | 6.170 | 248.40 | | 2026.01.07 | 40.00 | 6.200 | 6. ...

证券时报 数据宝统计，碧桂园服务在港交所公告显示，1月12日以每股6.230港元至6.280港元的价格回 购170.00万股，回购金额达1061.50万港元。该股当日收盘价6.250港元，下跌0.48%，全天成交额 4851.80万港元。 碧桂园服务回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2026.01.12 | 170.00 | 6.280 | 6.230 | 1061.50 | | 2026.01.09 | 21.90 | 6.250 | 6.250 | 136.88 | | 2026.01.08 | 40.00 | 6.250 | 6.170 | 248.40 | | 2026.01.07 | 40.00 | 6.200 | 6.200 | 248.00 | | 2026.01.02 | 81.60 | 6.080 | 6.020 | 494.11 | 今年以来该股累计进行5次回购，合计回购353.50万股，累计回购金额2188.89万港元。（数据宝） 自1月 ...

智通财经APP讯，碧桂园(02007)发布公告，于2026年1月12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))而发行4.77亿股股份。 ...

碧桂园(02007)发布公告，于2026年1月12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))而发行4.77亿股股份。 ...

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) 呈交日期： 2026年1月12日 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 | | | ...

格隆汇1月12日丨碧桂园服务(06098.HK)公告，1月12日耗资1061.5万港元回购170万股。 ...