1-7月，累计协议销售额约为人民币147.4亿元;累计协议销售楼面面积约为95.64万平方米;累计协议销售 均价为每平方米约人民币1.54万元。 智通财经APP讯，远洋集团(03377)公布，公司连同其附属公司、合营公司及联营公司就2025年7月的协 议销售额约为人民币13.7亿元;协议销售楼面面积约为10.74万平方米;协议销售均价为每平方米约人民币 1.28万元。 ...

2025年1月1日到7月31日的累计协议销售额约为人民币147.4亿元；累计协议销售楼面面积约为956,400平 方米；累计协议销售均价为每平方米约人民币15,400元。 格隆汇8月14日丨远洋集团(03377.HK)公布，公司连同其附属公司、合营公司及联营公司就2025年7月的 协议销售额约为人民币13.7亿元；协议销售楼面面积约为107,400平方米；协议销售均价为每平方米约人 民币12,800元。 ...

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 會 就因 本公 告 全部 或任 何 部分 內 容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 遠洋集團控股有限公司 公司秘書 沈培英 未經審核營運數據 遠 洋 集 團 控 股 有 限 公 司（「本 公 司」）董 事 局（「董 事 局」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司 （「本集團」）就二零二五年七月及截至二零二五年七月三十一日止七個月的若干未經審核 營運數據如下： 協議銷售額 本公司連同其附屬公司、合 營公司及聯營公司就二零二五年七月的協 議銷售額約為人民 幣 13.7 億 元；協 議 銷 售 樓 面 面 積 約 為 107,400 平 方 米；協 議 銷 售 均 價 為 每 平 方 米 約 人 民 幣12,800元。 二 零 二 五 年 一 月 一 日 到 七 月 三 十 一 日 的 累 計 協 議 銷 售 額 約 為 人 民 幣 147.4 億 元；累 計 協 議 銷 售 樓 面 面 積 約 為 956,400 平 方 米；累 ...

停牌期間，遠洋控股將按照有關法律法規、《關於為上市期間特定債券提供轉讓結算服務 有關事項的通知》等規定履行信息披露義務，待有關事項確定後，遠洋控股將及時公告並 申請公司債券復牌。 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 會 就因 本公 告 全部 或任 何 部分 內 容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 內幕消息 一家附屬公司之債券之信息 本公告乃由遠洋集團控股有限公司（「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(2)(a) 條 以 及 證 券 及 期 貨 條 例（香港法例第571章）第XIVA部項下內幕消息條文（定義見上市規則）作出。 茲提述本公司日期分別為2025年5月9日、2025年5月3 0日、2025年6月1 2日、2025年6 月 1 9 日、2025 年 7 月 1 0 日、2025 年 7 月 1 8 日、2025 年 7 月 2 8 日 及 2025 年 8 ...

Core Viewpoint - The company aims to complete its debt restructuring and ensure the delivery of properties within the year, with the domestic debt restructuring being the final challenge before it can pursue a new strategic direction [1][2]. Debt Restructuring - In early August, the company announced a framework for domestic debt restructuring, which includes options such as cash buyback, stock economic rights, asset debt settlement, and long-term debt retention [2][4]. - The formal restructuring plan is expected to be announced around August 15, with a bondholder meeting scheduled for September to vote on the proposal, aiming for completion by the end of the year [2][6]. - The company has faced liquidity issues since the second half of 2022, leading to a cautious approach in formulating the domestic debt restructuring plan, balancing its repayment capabilities with investor acceptance [6][14]. Business Strategy - The company has adopted a "light and heavy combination" strategy, focusing on heavy asset development while also shifting part of its focus to light asset businesses such as construction and operation [8][10]. - By 2025, the light asset business is expected to become one of the company's main operations, aiming to rank among the top 10 in the construction industry [10]. Asset Disposal - Since late 2022, the company has engaged in significant asset disposal to raise funds and avoid defaults, selling stakes in various properties for over 10 billion yuan [13][14]. - As of the end of 2024, the company had interest-bearing liabilities of 96 billion yuan, with two-thirds being short-term debt, indicating a critical need for debt reduction [14]. Future Outlook - If the domestic debt restructuring proceeds smoothly, the company anticipates completing its debt resolution by 2026, positioning itself as one of the first real estate firms to recover [14]. - The company sees potential for growth in the light asset sector, leveraging its diverse operations and support from major insurance companies for funding and asset management [14][15].

Group 1 - The core viewpoint of the article highlights a significant rise in Hong Kong's real estate stocks, driven by positive industry policies and market sentiment [1] - Midea Real Estate led the gains with an increase of over 13%, while other companies like Greentown China and Sunac China also saw notable rises [1][1] - Recent supportive policies include housing provident fund support for down payments in cities like Tianjin, and new regulations in Changsha and Fuzhou aimed at easing pressure on developers [1][1] Group 2 - The article notes that in the context of a deep adjustment in the real estate industry, some small to medium-sized listed real estate companies are turning their focus to the technology sector through mergers and acquisitions [1] - Industry insiders believe that cross-industry mergers and acquisitions could provide a second growth curve for these companies during the industry adjustment period, enhancing their cyclical resilience [1][1]

Core Viewpoint - After facing a liquidity crisis, the company is actively seeking survival through its construction management business, which is seen as a key development direction to capitalize on the growing demand for asset disposal in the real estate sector [2][3]. Group 1: Company Financial Performance - The company has reported significant losses over the past few years, with a net loss of 159.3 billion yuan in 2022, marking its first loss since going public [6]. - In 2023, the losses expanded to 210.97 billion yuan, and in 2024, the loss attributable to shareholders reached 186.24 billion yuan, totaling over 550 billion yuan in cumulative losses over three years [6]. - As of December 31, 2024, the company's total debt amounted to 960.14 billion yuan, with 66% of this debt due within one year [7]. Group 2: Business Strategy and Market Position - The company has shifted its focus to construction management, with 33 new projects signed in the first half of 2025, covering an area of 5.62 million square meters, ranking eighth in the new contract scale among construction management firms [3]. - Approximately 70% of the company's construction management projects are residential, many of which are commissioned by financial institutions to revitalize distressed projects [3]. - The company is actively pursuing distressed asset projects in cities like Kunming, Chengdu, and Xi'an, viewing the distressed asset sector as a promising area for growth in the next two to three years [3]. Group 3: Industry Competition and Challenges - The construction management sector is becoming increasingly competitive, with a decline in the concentration of new contracts among leading firms as more companies enter the market [3]. - The management fee rates for construction projects have decreased, with 81.7% of projects having management fees between 1% and 3%, and 50.5% of projects falling between 1% and 2%, indicating a tightening profit margin for construction management firms [4]. - The leading construction management firm, Greentown Management, reported a decline in gross profit margin to 49.6% in 2024, down 2.6% from 2023, reflecting the industry's challenges [4]. Group 4: Debt Restructuring Efforts - The company has initiated a debt restructuring plan involving 7 company bonds and 3 interbank debts, totaling 18.05 billion yuan, with options including cash buybacks and asset swaps [8]. - The restructuring plan aims to cover over 60% of total debt through cash buybacks and asset swaps, with specific proposals for residential and commercial project revenues [8]. - The company has also reached an agreement on its offshore debt restructuring, converting approximately 6.315 billion USD of debt into new debt and convertible securities [9].

Core Viewpoint - Ocean Group is undergoing a domestic debt restructuring process, aiming to complete it by the end of 2023, following the successful restructuring of its overseas debt in March 2025 [1][4][9] Debt Restructuring Framework - The proposed domestic debt restructuring includes four options: cash buyback, stock economic rights, asset debt settlement, and long-term debt retention [1][2][3] - Cash buyback involves a maximum of 800 million yuan to repurchase up to 4 billion yuan of outstanding bonds at 20% of their face value [2] - Stock economic rights allow bondholders to receive 208 shares of Ocean stock for every 100 yuan of remaining bond face value, with a planned issuance of up to 2.8 billion HKD [2] - Asset debt settlement includes residential and commercial project options, with varying repayment terms and amounts [2][3] - Long-term debt retention extends the maturity of bonds for 10 years at a 1% interest rate, with semi-annual cash repayments starting in 2031 [3] Financial Challenges and Strategies - Ocean Group faced liquidity issues starting in the second half of 2022, leading to a strategic shift towards a "light and heavy" development approach [1][4][5] - The company aims to complete its delivery obligations and debt restructuring to emerge with a more streamlined operational focus [1][10] - As of the end of 2024, Ocean's interest-bearing liabilities were 96 billion yuan, with two-thirds being short-term debt, necessitating significant debt reduction [8][9] Business Transformation - The company is transitioning towards light asset operations, with a focus on construction and operation services, aiming to rank among the top 10 in the industry by 2025 [5][6] - The transformation involves a cultural shift from heavy asset management to a service-oriented approach, enhancing operational efficiency [6][7] - Ocean Group is employing a differentiated strategy across various cities, adapting its focus based on local market conditions [7] Future Outlook - If the domestic debt restructuring is successful, Ocean Group anticipates completing its debt clearance by 2026, positioning itself as one of the first companies to recover in the sector [10] - The company sees potential for growth in the light asset sector, leveraging its diverse capabilities and backing from major insurance firms for financial support [10]

Core Insights - The top three real estate companies in Shenzhen for the first seven months of 2025 are Hongrongyuan, China Merchants Shekou, and Shenye Group, with sales of 14.26 billion, 8.92 billion, and 5.90 billion yuan respectively [5][6] - The sales thresholds for the top 5, top 10, and top 20 companies are 5.81 billion, 4.31 billion, and 2.77 billion yuan respectively, indicating a competitive market [5][6] Market Performance - New home transactions have decreased, with approximately 2,660 new residential units sold in July 2025, down 18% from the previous month and 22% year-on-year [6][8] - The second-hand housing market has shown signs of recovery, with 4,656 transactions in July, remaining stable compared to the previous month [6][8] Inventory and Sales Cycle - As of the end of July, the inventory of new residential units in Shenzhen was 27,902, an increase of 2,241 units from June, resulting in an average sales cycle of approximately 8.4 months [8][10] Project Performance - There is significant differentiation among projects, with high-quality and competitively priced developments continuing to sell well. Notable projects include Zhongjian Pengchen Yunzhu, Jiayu Jiuxi, and Zhongzhou Yingxi [10][12] Land Market Activity - The land market is highly competitive, with a new record for land price set by China Merchants Shekou at 2.155 billion yuan for a residential plot in the Qianhai area, reflecting strong confidence in Shenzhen's core real estate market [12][13]

Core Insights - The construction agency business is becoming a crucial direction for real estate companies as they transition in a challenging market environment [1][2] - The competitive landscape in the construction agency sector is evolving, with a notable increase in new signed contracts and a shift towards professional capabilities over capital expansion [1][3] Group 1: Industry Trends - According to recent data from CRIC, the top 20 construction agency firms signed contracts for a total of 10,983 million square meters in the first half of 2025, representing a year-on-year increase of 28% [1] - The decline of land dividends and the failure of high-leverage models are prompting real estate firms to focus on "professional capability monetization" as a means to restructure their value chains [1] Group 2: Company Strategies - Ocean Group's construction agency brand, Ocean Construction Management, has emerged as a new player, expanding its area by 562 million square meters in the first half of this year, ranking eighth in the industry [1] - Ocean Group adopts a fully integrated development model for its construction agency business, emphasizing the importance of both heavy asset development and rapid expansion of agency services [2] Group 3: Competitive Landscape - The competitive landscape is characterized by a decrease in the concentration of new signed contracts among leading firms, with mid-tier and smaller firms accelerating project expansion [3] - Over 50% of construction agency projects have management fees ranging from 1% to 2%, with some reaching up to 3%, compared to previous highs of 5% [3] Group 4: Differentiation Strategies - Ocean Group is pursuing a differentiated competition strategy by diversifying its business and revitalizing non-performing assets, with urban renewal projects being a key focus [3][4] - The company has established deep cooperation with asset management companies (AMCs) to acquire distressed assets at discounted prices, enhancing value through professional management [4] Group 5: Future Development Paths - Ocean Group has identified three main paths for sustainable growth: establishing "bases" in selected cities, conducting "guerrilla warfare" to fill market gaps, and focusing on targeted project management [5][6] - The company aims to maintain steady growth in its construction agency business without setting unrealistic targets, emphasizing the importance of executing each project effectively [7]