Core Viewpoint - R&F Properties announced a total sales revenue of approximately RMB 1.2 billion for October 2025, with a sales area of about 117,700 square meters [1] - Cumulatively, by the end of October 2025, the total sales revenue is expected to reach approximately RMB 11.7 billion, with a total sales area of around 1,149,100 square meters [1] Summary by Category - **Sales Revenue** - Total sales revenue for October 2025 is projected to be approximately RMB 1.2 billion [1] - Cumulative total sales revenue by the end of October 2025 is expected to be around RMB 11.7 billion [1] - **Sales Area** - The sales area for October 2025 is estimated at about 117,700 square meters [1] - The cumulative sales area by the end of October 2025 is projected to be approximately 1,149,100 square meters [1]

Core Insights - R&F Properties (02777) reported total sales revenue of approximately RMB 1.2 billion in October 2025, representing a year-on-year decrease of 4.76% [1] - The total sales area for the month reached approximately 117,700 square meters [1] - Cumulatively, as of the end of October 2025, total sales revenue amounted to approximately RMB 11.7 billion, reflecting a year-on-year increase of 21.31% [1] - The cumulative sales area reached approximately 1,149,100 square meters [1]

累计至2025年10月底，总销售收入约人民币117亿元，同比增长21.31%，销售面积达约114.91万平方 米。 智通财经APP讯，富力地产(02777)发布公告，集团于2025年10月的月内总销售收入共约人民币12亿元， 同比减少4.76%，销售面积达约11.77万平方米。 ...

格隆汇11月14日丨富力地产(02777.HK)宣布，集团于2025年10月的月内总销售收入共约人民币12亿元， 销售面积达约117,700平方米。累计至2025年10月底，总销售收入约人民币117亿元，销售面积达约 1,149,100平方米。 ...

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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2777） 二零二五年十月的未經審核營運數據 廣州富力地產股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會 （「董事會」）欣然宣佈，本集團於二零二五年十月的月內總銷售收入共約人民幣 12 億 元，銷售面積達約 117,700 平方米。 李啓明 香港，二零二五年十一月十四日 於本公告日期，本公司的執行董事為李思廉博士、張輝先生，相立軍先生及趙渢先生；非執行董事為張 琳女士及李海倫女士；及獨立非執行董事為鄭爾城先生、吳又華先生及王振邦先生。 * 僅供識別 上述銷售數據未經審核，乃根據本集團初步內部資料編製，鑒於收集該等銷售資料過程 中存在各種不確定因素，該等銷售數據與本公司按年度或半年度刊發的經審核或未經審 核綜合財務報表中披露的數字可能存在差異，因此上述數據僅供投資者參考。投資者買 賣本公司證券時務須謹慎行事，避免不恰當地依賴該等資料。 ...

Group 1: Real Estate Market Trends - In October, Shenzhen recorded 5,547 second-hand homes, marking a 4.5% month-on-month decline and a 32.9% year-on-year decline, but has maintained over 5,000 units for eight consecutive months, indicating a stabilization phase in the market [1] - Wuhan's land auction saw 8 out of 9 plots sold at the base price, generating over 1.118 billion yuan, reflecting a "low-temperature normalization" in the land market, with private enterprises cautiously acquiring land in suburban areas [2] Group 2: Corporate Actions and Financial Developments - Fantasia Holdings opposed the auction of 29.9% of its subsidiary, Color Life Services Group, asserting that debts owed to TFISF were not secured by Color Life shares, and is seeking legal advice to protect its rights [3] - R&F Properties announced that a restructuring plan for a domestic bond with a principal balance of approximately 1.68 billion yuan was approved, which will extend debt maturity and alleviate short-term repayment pressure [4] - Zhihong Home's controlling shareholders plan to reduce their holdings of convertible bonds by 13.51%, with a total of 905,000 bonds to be sold, which may impact the company's equity structure and market confidence in the long term [5]

Core Viewpoint - Hong Kong property stocks continue to rise, indicating a positive trend in the real estate sector [1] Group 1: Company Performance - Shimao Group (00813.HK) increased by 13.21%, reaching HKD 0.3 [1] - R&F Properties (02777.HK) rose by 5.36%, reaching HKD 0.59 [1] - China Resources Land (01109.HK) saw a gain of 4.45%, reaching HKD 30.96 [1] - Oceanwide Holdings (03377.HK) increased by 3.81%, reaching HKD 0.109 [1]

Core Viewpoint - The Chinese property stocks are experiencing a rise, driven by the implementation of new housing policies in various regions, particularly the promotion of "existing home sales" in Pingjiang County, Hunan Province, which is expected to stabilize the market in the long term [1] Group 1: Market Performance - Shimao Group (00813) increased by 13.21%, trading at 0.3 HKD - R&F Properties (02777) rose by 5.36%, trading at 0.59 HKD - China Resources Land (01109) saw a 4.45% increase, trading at 30.96 HKD - Oceanwide Holdings (03377) grew by 3.81%, trading at 0.109 HKD [1] Group 2: Policy Developments - On November 3, Pingjiang County in Hunan Province fully implemented existing home sales, marking it as the fourth region in China to do so after Xinyang, Jingmen, and Conghua District [1] - Zhongtai Securities reported that existing home sales can mitigate delivery risks and help stabilize the market, although it may not directly boost new home sales in the short term [1] Group 3: Future Outlook - GF Securities noted that there is currently a policy vacuum period, with no new statements from central or local governments ahead of year-end meetings [1] - Huang Qifan's proposals regarding the establishment of a reverse mortgage system for the elderly and other housing consumption models have garnered significant attention [1] - The exploration of new real estate models continues, with expectations for statements from the Political Bureau and the Central Economic Work Conference by year-end [1]

Group 1: Housing and Construction - Beijing's Housing and Urban-Rural Development Committee announced the completion of the 2025 affordable housing construction tasks, including 17 new projects with 19,800 units, 7 collection projects with 2,400 units, and 7 completed projects with 8,100 units [1] - The plan includes public rental housing, guaranteed rental housing, and various types of resettlement housing, with a total of 50,000 rental housing units planned for construction by 2025 [1] Group 2: Financial Updates - Shenzhen Metro Group provided a loan of up to 1.666 billion yuan to Vanke A for repaying bond principal and interest, with a loan term of no more than 3 years and an interest rate of 2.34% [2] - CIFI Holdings reported a contract sales amount of approximately 1.1 billion yuan in October, with a sales area of about 113,300 square meters and an average contract sales price of 10,100 yuan per square meter [3] - New City Holdings achieved a contract sales amount of approximately 1.419 billion yuan in October, a year-on-year decrease of 4.38%, with a sales area of about 191,500 square meters, down 9.37% year-on-year [4] - R&F Properties announced the restructuring of a domestic bond with a principal balance of approximately 1.68 billion yuan, which was approved in a bondholder meeting [5]

Core Viewpoint - R&F Properties (02777) announced a preliminary restructuring plan for its domestic bonds, with a specific focus on a bond with an outstanding principal balance of approximately RMB 1.68 billion, which has been approved in a bondholders' meeting [1] Group 1 - The company is progressing with the restructuring of its domestic bonds, indicating a proactive approach to manage its debt obligations [1] - A bondholders' meeting was held to discuss the restructuring plan, demonstrating engagement with stakeholders [1] - The restructuring plan aims to address the remaining domestic bonds, suggesting ongoing efforts to stabilize the company's financial position [1]