2．债券简称：22万科05。 3．赎回登记日：2025年7月7日。 4．赎回资金到账日：2025年7月8日。 5．赎回价格：人民币103.21元/张（含当期利息，且当期利息含 税）。 万科企业股份有限公司关于行使"22 万科 05"公司债券 赎回选择权的第一次提示性公告 证券代码：000002、299903、149975 证券简称：万科 A、万科 H 代、22 万科 05 公告编号：〈万〉2025-088 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、 误导性陈述或者重大遗漏负连带责任。 重要提示： 1．债券代码：149975。 6．债券赎回比例：100%。 7．摘牌日: 2025年7月8日。 一、"22万科05"公司债券的基本情况 1．发行主体：万科企业股份有限公司。 2．债券名称：万科企业股份有限公司 2022 年面向专业投资者公 开发行公司债券（第三期）（品种一）。 3．债券简称：22 万科 05。 1 4．债券代码：149975。 5．债券余额：29 亿元。 6．债券期限：本期债券期限为 5 年期，附第 3 年末发行人赎回 选择权、调整票面利率选择权、投资者回售选择权。 7． ...

Core Viewpoint - Vanke Enterprise Co., Ltd. has disclosed changes in its issued shares and treasury shares in accordance with the Hong Kong Stock Exchange listing rules, indicating a recent increase in the total number of issued shares and a decrease in treasury shares [1]. Group A: Changes in Issued and Treasury Shares - As of May 31, 2025, the total number of issued shares (excluding treasury shares) was 9,651,240,541, with treasury shares amounting to 72,955,992, leading to a total of 9,724,196,533 shares [1]. - By June 10, 2025, the total number of issued shares increased to 9,673,240,541, while treasury shares decreased to 50,955,992, maintaining the total at 9,724,196,533 shares [1]. Group B: Treasury Share Transactions - On June 10, 2025, Vanke sold a total of 22,000,000 treasury shares on the Shenzhen Stock Exchange, generating total proceeds of RMB 145,848,226.8 [2].

万科企业股份有限公司 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份（2025 年 修订）》（以下简称"《回购股份指引》"）的规定，上市公司采用集中竞价交 易方式减持回购股份期间，应当在首次减持回购股份事实发生的次日披露减持回 购股份情况。现将公司 A 股库存股首次出售情况公告如下： 公司于 2025 年 6 月 10 日通过集中竞价交易方式首次出售了 A 股库存股， 本次出售的股份数量为 22,000,000 股，占公司总股本的比例为 0.18%，减持所得 资金总额为 145,848,226.80 元（未扣除交易费用），成交最高价为 6.72 元/股， 成交最低价为 6.56 元/股，成交均价为 6.63 元/股。目前公司可用于出售的 A 股 库存股股份余额为 50,955,992 股。 本次出售符合公司既定方案，符合《回购股份指引》等相关规定。本次出售 A 股库存股有利于补充公司的流动资金。根据企业会计准则的相关规定，本次减 持股份价格与回购股份价格的差额部分将计入或者冲减公司资本公积，不影响公 司当期利润，不会对公司的经营、财务和未来发展产生重大影响。 因《回购股份指引》对出售期间有明确 ...

万科企业股份有限公司 关于按照《香港上市规则》公布翌日披露报表的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2025-086 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性陈述或者重大 遗漏。 根据《香港联合交易所有限公司证券上市规则》（简称"《香港上市规则》"）13.25A 条关 于已发行股本变动的披露要求、10.06B 条关于库存股出售的披露要求，万科企业股份有限公 司在香港联合交易所有限公司披露易网站（www.hkexnews.hk）披露了《翌日披露报表》。 根据《深圳证券交易所股票上市规则》11.2.1 条关于上市公司境内外同步披露的要求，特 将有关公告同步披露如下，供参阅。 特此公告。 万科企业股份有限公司 董事会 二〇二五年六月十日 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) 公司名稱： 萬科企業股份有限公司 呈交日期： 2025年6月10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 ...

根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份（2025 年 修订）》（以下简称"《回购股份指引》"）的规定，上市公司采用集中竞价交 易方式减持回购股份期间，应当在首次减持回购股份事实发生的次日披露减持回 购股份情况。现将公司 A 股库存股首次出售情况公告如下： 公司于 2025 年 6 月 10 日通过集中竞价交易方式首次出售了 A 股库存股， 本次出售的股份数量为 22,000,000 股，占公司总股本的比例为 0.18%，减持所得 资金总额为 145,848,226.80 元（未扣除交易费用），成交最高价为 6.72 元/股， 成交最低价为 6.56 元/股，成交均价为 6.63 元/股。目前公司可用于出售的 A 股 库存股股份余额为 50,955,992 股。 本次出售符合公司既定方案，符合《回购股份指引》等相关规定。本次出售 A 股库存股有利于补充公司的流动资金。根据企业会计准则的相关规定，本次减 持股份价格与回购股份价格的差额部分将计入或者冲减公司资本公积，不影响公 司当期利润，不会对公司的经营、财务和未来发展产生重大影响。 关于 A 股库存股首次出售及相关进展的公告 证券代码：0 ...

万科A：首次出售A股库存股2200万股 成交金额1.46亿元 智通财经6月10日电，万科A(000002.SZ)公告称，公司于2025年6月10日通过集中竞价交易方式首次出售 了A股库存股2200万股，占公司总股本的0.18%，减持所得资金总额为1.46亿元。本次出售符合公司既 定方案，有利于补充公司流动资金，不会对公司当期利润产生影响。 ...

5月，河南房地产市场整体表现较为平淡，部分城市核心区域高得房率的优质新项目开盘基本可以实现较好去化，但存量老项目及较低能级城市项目仍面 临销售压力。在此背景下，河南房企在2025年1-5月的销售业绩究竟如何？一起看一下数据表现： 2025年5月全省土地市场解读 2025年1-5月，河南省共推出各类用地1014宗，规划建筑面积4840.9万平米；成交规划建筑面积2959.0万平米。其中，全省共推出住宅用地216宗，规划建 筑面积合计为1192.0万平米，成交规划建筑面积890.7万平米。 分城市来看，4月共14个城市有住宅用地成交，成交规模（按规划建筑面积计算）前三城市中，驻马店市共成交4宗住宅用地，规划建筑面积合计24.99万 平米，成交规模位居全省第一；其次是新乡市，成交7宗住宅用地，规划建筑面积合计24.70万平米；郑州市位列第三，成交2宗住宅用地，规划建筑面积 合计23.21万平米。成交楼面均价方面，洛阳市以5389元/㎡的价格位居全省首位；郑州市以3323元/㎡位居第二；新乡市以2319元/㎡位居第三。 | 12 | 常绿集团 | 7.83 Je 12 | | 中建七局地产集团 | 6.96 | | ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木Alpha Asia Pacific Equity Research 04 June 2025 Property Data Monitor Mainland China: data is softening; HK: mixed sell- through rates Mainland China Hong Kong SAR See page 16 for analyst certification and important disclosures, including non-US analyst disclosures. J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this re ...

Major Events - JiuTai Rural Commercial Bank (06122) plans to sell 78.51% stake in HuanShan HuiMin Village Bank for 40.4 million yuan [1] - Vanke Enterprises (02202) intends to receive a loan of up to 3 billion yuan from its major shareholder, Shenzhen Metro Group [1] - China Gas Holdings (08246) signed a memorandum of understanding with the Lao Ministry of Industry and Commerce to explore cooperation in developing fuel and natural gas supply networks in Laos [1] - Miniso Group (09896) is conducting a preliminary assessment on the potential spin-off listing of its trendy toy business operated under the "TOP TOY" brand [1] - Baiyunshan Pharmaceutical (00874) subsidiary received approval from the National Medical Products Administration for the drug registration certificate of Tadalafil tablets (2.5mg, 5mg) [1] - Huaxing Capital Holdings (01911) portfolio company Circle successfully listed on the New York Stock Exchange, marking the first IPO milestone in the global stablecoin sector [1] - China National Nuclear Corporation (01763) plans to initiate its first irradiation station cooperation project in Peru [1] Operating Performance - Yuexiu Property (00123) reported a cumulative contract sales amount of approximately 50.7 billion yuan in the first five months, an increase of about 26.5% year-on-year [1] - China Overseas Land & Investment (00688) recorded a cumulative property sales amount of approximately 90.4 billion yuan in the first five months, a decrease of 11.1% year-on-year [1] - Shimao Group (00813) reported a cumulative contract sales total of 11.2 billion yuan in the first five months, a decrease of 18.71% year-on-year [1] - Zhongliang Holdings (02772) achieved a cumulative contract sales amount of approximately 5.37 billion yuan in the first five months, a decrease of 33.38% year-on-year [1] - GAC Group (02238) experienced a year-on-year decline in May's automobile production by 8.16% and a sales drop of 24.80% [1] - Poly Property Group (00119) achieved a contract sales amount of approximately 21.8 billion yuan in the first five months, an increase of 3.81% year-on-year [1] - New天绿色能源 (00956) completed a power generation volume of approximately 7.29 million megawatt-hours in the first five months, an increase of 10.86% year-on-year [1]

Core Viewpoint - Vanke's largest shareholder, Shenzhen Metro Group, plans to provide a loan of up to 3 billion yuan to help Vanke repay its bond principal and interest, marking the fifth time this year that the group has supported Vanke financially [1][2]. Financial Support - Shenzhen Metro Group has provided a total of nearly 15 billion yuan in loans to Vanke this year, including amounts of 2.8 billion yuan, 4.2 billion yuan, 3.3 billion yuan, and 1.55 billion yuan on different dates [3]. - The total financial support from Shenzhen Metro Group exceeds 15 billion yuan, which has been crucial in alleviating Vanke's cash flow crisis and stabilizing its credit in the capital market [3][4]. Debt Situation - As of the end of Q1 2024, Vanke's interest-bearing debt reached 361.28 billion yuan, a 12.9% increase from the beginning of the year, with short-term debt accounting for 43.8% of the total [4]. - Vanke successfully repaid 9.89 billion yuan of public debt in Q1 and redeemed several bonds ahead of schedule [4]. Financial Metrics - By the end of Q1, Vanke held cash and cash equivalents of 75.5 billion yuan, with total interest-bearing debt amounting to 365.87 billion yuan and a debt-to-asset ratio of 73.5% [5]. Sales Performance - Although Vanke has not released sales data for the first five months, it recorded sales of 57.04 billion yuan from January to May, ranking sixth among real estate companies [6]. Long-term Viability - Experts suggest that while the financial support from the major shareholder provides temporary relief, Vanke must rely on its own project development profits to address historical operational risks in the long term [7]. - Despite supporting Vanke, Shenzhen Metro Group is also facing financial difficulties, with a projected consolidated loss of 33.46 billion yuan in 2024, representing 10.46% of its net assets at the end of 2023 [8].