Core Viewpoint - Country Garden (02007.HK) continues to face significant financial pressure, with projected losses for the first half of 2025 estimated between 18.5 billion to 21.5 billion RMB [1][2] Financial Performance - The company's losses have widened compared to a loss of 15.1 billion RMB in the same period of 2024 [2] - For 2023, Country Garden reported a net loss of 178.4 billion RMB, which decreased to a loss of 32.8 billion RMB in 2024, totaling approximately 211.2 billion RMB in losses over the two years [3] Debt Restructuring - Country Garden has made significant progress in its offshore debt restructuring, with key terms agreed upon with the coordinating committee as of August 19, 2025 [3] - The coordinating committee represents 49% of the total principal amount of existing syndicated loans, with over 77% of the second category of debt holders signing the restructuring support agreement [3][4] - The company aims to complete the debt restructuring by the end of 2025, which is crucial for the overall health of the real estate sector [4] Operational Strategy - Despite financial challenges, Country Garden is focused on maintaining operational stability, implementing strict cost management strategies, and enhancing resource utilization [4] - The company delivered approximately 74,000 housing units in the reporting period [4] - For the first half of the year, Country Garden achieved equity sales of 16.75 billion RMB, a decline of 35.45% compared to 25.95 billion RMB in the same period last year [4]

Core Viewpoint - Country Garden announced a significant loss of approximately RMB 15.1 billion for the half-year ending June 30, 2024, with projected losses ranging from RMB 18.5 billion to RMB 21.5 billion for the half-year ending June 30, 2025, primarily due to a decline in real estate project settlement scale, low gross margins, and increased asset impairment in property projects [2]. Group 1 - The company reported a total delivery of approximately 74,000 housing units, including those from joint ventures and associates, during the reporting period [4]. - Country Garden is actively managing debt risks by communicating with stakeholders to promote overall restructuring of overseas debt, reasonable extension of debt maturities, and moderate reduction of financing costs [4]. - The company is committed to improving operations through orderly adjustments in organizational structure and resource allocation, aiming to achieve strategic goals and adapt to new real estate models [4].

0:00 8月22日，碧桂园公告，预计截至2025年6月30日止半年度的期内损失介乎约人民币185亿元至人民币215 亿元，对比截至2024年6月30日止半年度的期内亏损约人民币151亿元。预计期内损失主要是由于房地产 开发项目结算规模下降，毛利率仍处低位，以及物业项目的资产减值增加所致。 ...

人民财讯8月22日电，碧桂园8月22日在港交所公告，预计截至2025年6月30日止半年度的期内损失介乎 约185亿元至215亿元。预计期内损失主要是由于：1.房地产开发项目结算规模下降，毛利率仍处低位； 2.结合行业、市场和经营环境变化，物业项目的资产减值增加。 ...

Core Viewpoint - Country Garden (碧桂园) reported a loss of approximately RMB 15.1 billion for the half-year period ending June 30, 2024, and anticipates a loss of between RMB 18.5 billion to RMB 21.5 billion for the half-year period ending June 30, 2025, primarily due to a decline in the scale of real estate project settlements and low gross margins [1] Financial Performance - The company expects significant losses in the upcoming periods, with the projected loss range indicating a worsening financial outlook compared to the previous half-year [1] - The anticipated losses are attributed to increased asset impairments in property projects, influenced by changes in the industry, market, and operational environment [1] Operational Strategy - The company maintains stable operations by implementing a strict income and expenditure strategy, optimizing resource utilization, and establishing a diversified dynamic mechanism [1] - During the reporting period, the company and its joint ventures delivered approximately 74,000 housing units [1] Debt Management - The company emphasizes debt risk mitigation through proactive communication with stakeholders, aiming for overall restructuring of overseas debts, reasonable extension of debt maturities, and moderate reduction of financing costs [1] - The focus is on gradually building a long-term and sustainable healthy capital structure [1] Future Outlook - The company is committed to improving operations by orderly adjusting organizational structure and resource allocation to ensure the achievement of strategic goals [1] - There is a focus on accelerating the development of core capabilities that adapt to the new real estate model, aiming for a return to a positive development cycle [1]

Core Viewpoint - Country Garden (碧桂园) reported a significant loss of approximately RMB 15.1 billion for the half-year period ending June 30, 2024, and anticipates a further loss of between RMB 18.5 billion to RMB 21.5 billion for the half-year period ending June 30, 2025, primarily due to a decline in the scale of real estate project settlements and low gross margins [1] Group 1 - The expected losses are attributed to increased asset impairments in property projects, influenced by changes in the industry, market, and operational environment [1] - The company has maintained stable operations by implementing a strict income and expenditure strategy, efficiently utilizing resources, and establishing a diversified dynamic mechanism to enhance operational management [1] - During the reporting period, the company and its joint ventures delivered approximately 74,000 housing units [1] Group 2 - The company is actively addressing debt risk by engaging with stakeholders to promote overall restructuring of offshore debt, reasonable extension of debt maturities, and moderate reduction of financing costs [1] - The company aims to gradually build a long-term and sustainable healthy capital structure through various proactive debt management measures [1] - The company will continue to focus on operational improvements by orderly adjusting organizational structure and resource allocation to ensure the achievement of strategic goals and accelerate the development of core capabilities suited to the new real estate model [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。 COUNTRY GARDEN HOLDINGS COMPANY LIMITED 本集團保持生產經營穩定，通過執行極限收支的策略，高效利用資源，並建立多樣 化的動態機制，強化計劃運營管理體系。在報告期內，本集團連同其合資企業和聯 營公司累計完成交付房屋約7.4萬套。同時，本集團高度重視債務風險化解，通過積 極主動與各利益相關方溝通，推動包括境外債務的整體重組、債務期限的合理延長 以及融資成本的適度降低等多種主動債務管理舉措，致力於逐步搭建長期及可持續 的健康的資本結構。 本集團將繼續全力以赴推動經營改善，通過組織架構和資源配置有序調整，保障階 段性戰略與目標實現，加快構建適應房地產新模式的核心能力，推動公司早日回歸 良性的發展循環。 碧桂園控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2007） 盈利警告 內幕消息公告 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為「本集團」 ...

Group 1 - The Hang Seng Index Company announced the results of the quarterly review for the Hang Seng Index series as of June 30, 2025, with Country Garden (02007) being included in the Hang Seng Composite Index, effective after market close on September 5 and starting on September 8 [1] - According to Huatai Securities research, Country Garden is likely to be included in the Stock Connect program due to meeting various criteria including market capitalization, liquidity, and listing duration [1] - Country Garden has announced that it has reached an agreement on the main terms of its offshore debt restructuring proposal with the bank coordination committee, which represents 49% of the total principal amount of existing syndicated loans [1] Group 2 - The company has received strong support from creditors holding a significant amount of existing debt and is working closely with the project team and coordination committee to finalize the formal documents, aiming to complete the proposed restructuring by the end of 2025 [1] - The announcement revealed that over 77% of existing dollar noteholders and current lenders under Ever Credit bilateral loans have signed the restructuring support agreement [1]

Group 1 - The Hang Seng Index Company announced the results of the quarterly review for the Hang Seng Index series as of June 30, 2025, with Country Garden (02007) being included in the Hang Seng Composite Index, effective after market close on September 5 and starting on September 8 [1] - According to Huatai Securities research, Country Garden is likely to be included in the Hong Kong Stock Connect due to meeting various criteria including market capitalization, liquidity, and listing time [1] - Country Garden has reached an agreement on the main terms of its offshore debt restructuring proposal with the bank coordination committee, which represents 49% of the total principal amount of existing syndicated loans [1] Group 2 - The company has received strong support from creditors holding a significant amount of existing debt and is working closely with the project team and coordination committee to finalize formal documents, aiming to complete the proposed restructuring by the end of 2025 [1] - Over 77% of existing US dollar noteholders and current lenders under Ever Credit bilateral loans have signed the restructuring support agreement [1]

本文源自：金融界AI电报 碧桂园发布公告，公司就境外债务重组建议已与银行协调委员会协定主要条款，协调委员会占现有银团 贷款本金总额的49%，其成员已加入重组支持协议，或正履行内部程序以取得加入批准。碧桂园同时表 示，已获得持有大量现有债务的债权人大力支持，公司正与项目小组及协调委员会就正式文件紧密合 作，力争在2025年年底前完成建议重组。 ...