该行认为，在目前阶段，行业风险评价降低是推动地产股修复的主要原因，政策出台或政策预期的提升 可能阶段性抬高斜率。前几年地产股价明显下行，是因为分子端的影响超过了分母端；目前房地产进入 了新的筑底阶段，行业风险评价逐步降低，分母端的影响超过了分子端，从而将带来未来股价的回升， 政策出台或政策预期的提升可能阶段性抬高斜率。 消息面上，东方证券指出，今年Q2以来新房市场量价走弱的趋势下全年止跌回稳压力加剧，8月起京沪 深相继"因城施策"，短期对于市场成交量具有拉动作用，也进一步强化了对行业中长期修复通道的信 心，后续仍有较大政策空间，包括以城市更新为抓手优化城中村和危旧房改造政策、存量房收储政策 等，此外，美联储降息预期提升也为我国打开货币宽松空间。 内房股多数走高，截至发稿，远洋集团(03377)涨12.5%，报0.153港元；龙光集团(03380)涨11.58%，报 1.06港元；世茂集团(00813)涨8.97%，报0.425港元；融创中国(01918)涨4.22%，报1.73港元。 ...

远洋集团(03377)涨超5%，截至发稿，涨6.35%，报0.134港元，成交额1833.61万港元。 此外，根据远洋集团公布的2025年中期业绩，公司上半年营业额为人民币62.03亿元，同比下降53%。 公司拥有人应占溢利为人民币102.02亿元，同比扭亏为盈;每股基本盈利1.171元。 消息面上，近日，美标卫浴与远洋集团达成战略合作，通过整合美标的绿色智能卫浴产品与远洋集团在 住宅开发及社区运营方面的优势资源，双方将推动全国项目实现全流程绿色升级，为中国家庭打造安 全、健康、舒适、智慧的理想居住环境，同时为行业树立绿色发展的新典范。 ...

消息面上，近日，美标卫浴与远洋集团达成战略合作，通过整合美标的绿色智能卫浴产品与远洋集团在 住宅开发及社区运营方面的优势资源，双方将推动全国项目实现全流程绿色升级，为中国家庭打造安 全、健康、舒适、智慧的理想居住环境，同时为行业树立绿色发展的新典范。 此外，根据远洋集团公布的2025年中期业绩，公司上半年营业额为人民币62.03亿元，同比下降53%。 公司拥有人应占溢利为人民币102.02亿元，同比扭亏为盈;每股基本盈利1.171元。 智通财经APP获悉，远洋集团(03377)涨超5%，截至发稿，涨6.35%，报0.134港元，成交额1833.61万港 元。 ...

Group 1 - The core viewpoint of the news is that Hong Kong property stocks, particularly Country Garden, saw significant gains following the inclusion in the Hong Kong Stock Connect, with Country Garden rising over 14% [1] - Other property stocks also experienced notable increases, including CIFI Holdings and China Overseas Land & Investment, which rose over 5%, and several others like Vanke and Longfor Group, which rose over 3% [1] - The surge in property stocks is attributed to a new housing policy introduced in Shenzhen on September 5, which relaxed housing purchase restrictions and adjusted housing credit policies [1] Group 2 - The new housing policy in Shenzhen allows for significant relaxation of purchase restrictions in non-core areas, which is more substantial compared to the new policies introduced in Beijing and Shanghai in August [1] - The policy change includes the removal of differentiated mortgage rates for first and second homes, which is expected to stimulate the housing market [1] - The report from CITIC Securities highlights that the new measures are likely to have a positive impact on the property market in Shenzhen [1]

当前，自然资源资产领域虽处于发展初期，但也蕴含着广阔的发展机遇。未来双方将强化沟通协作，在 政策研究、能力建设、项目落地等方面深化交流与合作，共同探索社会资本参与生态产品价值实现的新 模式。远洋集团总裁事务中心、投资发展中心、通禄公司相关负责人参与了会谈。 责任编辑：郭栩彤 北京自然资源资产协会，是在北京市规划和自然资源委员会指导下为推动自然资源科学管理而成立的专 业协会，旨在全力协助政府对各类自然资源资产要素配置机制开展系统性优化。王兵会长介绍了协会的 基本情况、业务范围及自然资源"资产包"的市场化运作，并阐述了其对推动绿色金融、促进经济增长的 重要作用。茹小斌副会长、种法良副秘书长等领导则通过实际案例，详细解读了该业务实施落地的政策 背景、交易机制及确权模式。 王洪辉执行总裁表示，远洋集团拥有一支专业的核心团队，全业态、全产业链优势显著。面对行业变 革，正通过布局养老、代建、存量资产盘活、城市更新、定制住宅等新赛道，构建可持续发展的新模 式。公司愿与北京自然资源资产协会积极探讨合作机会，为生态产业高质量发展贡献力量。 9 月 4 日，远洋集团执行董事、执行总裁王洪辉与北京自然资源资产协会王兵会长一行举行座 ...

中金指出，本次深圳楼市政策的跟进调整符合此前预期，3个超高能级城市在本轮调整中均侧重于激发 外围地区的多套购房需求，深圳在限购条件设置上较北京、上海更为宽泛。往前看，整体地产销售表现 的持续好转，仍待存量房收储和城中村改造等对供需面有持续改善效果的政策切实落地，从而与头部城 市限购政策调整带来的情绪提振形成协同效应，建议持续关注政策进展。 内房股早集体走高，截至发稿，碧桂园(02007)涨10.42%，报0.53港元；旭辉控股(00884)涨4.05%，报 0.231港元；万科企业(02202)涨3.07%，报5.38港元；远洋集团(03377)涨2.52%，报0.122港元。 消息面上，继北京和上海之后，深圳在9月5日深夜发布了重磅楼市新政。中信建投（601066）表示，本 次楼市新政，对非核心区域(除福田区、南山区、宝安区新安街道外的所有区域)限购进行了大力度放 松，同时商贷利率不再区分首套房与二套房。从限购放松的力度对比，深圳此次新政力度大于8月出台 新政的北京和上海。 ...

消息面上，继北京和上海之后，深圳在9月5日深夜发布了重磅楼市新政。中信建投表示，本次楼市新 政，对非核心区域(除福田区、南山区、宝安区新安街道外的所有区域)限购进行了大力度放松，同时商 贷利率不再区分首套房与二套房。从限购放松的力度对比，深圳此次新政力度大于8月出台新政的北京 和上海。 智通财经APP获悉，内房股早集体走高，截至发稿，碧桂园(02007)涨10.42%，报0.53港元；旭辉控股 (00884)涨4.05%，报0.231港元；万科企业(02202)涨3.07%，报5.38港元；远洋集团(03377)涨2.52%，报 0.122港元。 中金指出，本次深圳楼市政策的跟进调整符合此前预期，3个超高能级城市在本轮调整中均侧重于激发 外围地区的多套购房需求，深圳在限购条件设置上较北京、上海更为宽泛。往前看，整体地产销售表现 的持续好转，仍待存量房收储和城中村改造等对供需面有持续改善效果的政策切实落地，从而与头部城 市限购政策调整带来的情绪提振形成协同效应，建议持续关注政策进展。 ...

Market Overview - In August, multiple new residential projects in Tianjin are actively preparing for the "Golden September and Silver October" sales period, with over 20 new projects expected to enter the market in the six urban districts and four surrounding districts from September to October [1] - The Hexi District is highlighted as a supply hotspot, featuring high-quality projects such as Tianjin Iron Green City North Tide Ming, Poly Tianmen Tianjun, Jindi Meijiang Yin, and Greentown Yubaihe, indicating increased market competition in this area [1] - The Tianjin real estate market is gradually transitioning to a phase dominated by new products, while the market presence of older projects continues to diminish [1] Sales Performance - From January to August 2025, the top 10 real estate companies in Tianjin achieved a total sales revenue of 40.38 billion yuan, with a threshold of 1.77 billion yuan for the top 10 list [2] - The leading company, Taida Construction, recorded sales of 6.93 billion yuan, followed by China Overseas Property with 5.95 billion yuan, and Tianjin Urban Investment Group with 5.33 billion yuan [2] Project Sales Rankings - The top 10 residential projects in Tianjin generated a total sales amount of 11.943 billion yuan from January to August 2025, with a minimum threshold of 920 million yuan for inclusion in the ranking [3] - The project "Shangdong Jinmao Xiaotang/Jintang" topped the list with sales of 1.483 billion yuan, followed by "Jinmao Panhu Manting" at 1.296 billion yuan, and "Tibei Jinmao Mansion" at 1.295 billion yuan [3] Policy Environment - On August 13, Tianjin's housing provident fund center announced a new measure allowing homebuyers to withdraw funds from their provident fund accounts to pay the down payment for purchasing existing homes, aimed at reducing the threshold for home purchases and invigorating the existing housing market [5] - On August 28, the Central Committee of the Communist Party of China and the State Council released an opinion on promoting high-quality urban development, providing important guidance for local governments to address current industry challenges [5] Land Market Analysis - In August 2025, Tianjin launched 20 plots of land for sale, with a planned construction area of 1.4254 million square meters, including one residential plot, one commercial/office plot, and 16 industrial plots [5] - Three residential land parcels were sold in August, all at the base price, located in Wuqing District, Beichen District, and Hongqiao District, with the Hongqiao District plot designated for urban renewal [7]

Core Insights - The real estate industry is experiencing a differentiated landscape in the first half of 2025 due to policy adjustments and changes in market demand, with some companies achieving stable growth through precise strategies and strong product capabilities [2] Group 1: Market Focus - Market demand is concentrating in high-quality areas, with leading real estate companies directing resources towards core cities, particularly first-tier and key second-tier cities, establishing a foundation based on core urban centers [3] - First-tier cities have significantly increased their contribution to sales for real estate companies, with over 50% of sales from companies like China Merchants Shekou, Yuexiu Property, and China Jinmao coming from cities like Beijing, Shanghai, Guangzhou, and Shenzhen [3] - Second-tier cities are becoming the main battleground for expansion, with companies like Longfor and Yuanhang focusing nearly 90% of new project areas in first and second-tier cities, balancing profit and scale [3] Group 2: Company Dynamics - The market is characterized by a leading role of state-owned enterprises (SOEs) and a gradual recovery of private enterprises, enhancing industry stability through collaborative efforts in sales and land acquisition [4] - In sales, SOEs like Poly Developments and China Overseas Land & Investment dominate due to their financial advantages and brand trust, while private companies like Binjiang Group and Jianfa Real Estate are achieving positive sales growth through differentiated strategies [4] - In land acquisition, the top 100 real estate companies saw a 33.3% year-on-year increase in total land acquisition, with SOEs occupying 8 out of the top 10 positions, showcasing their role as a stabilizing force in the land market [4] Group 3: Industry Concentration and Innovation - Among the top 10 real estate companies, four, including Jianfa Real Estate and Yuexiu Property, reported positive year-on-year sales, while the overall performance of companies ranked 11-30 and 51-100 declined, indicating increased industry concentration [5] - Leading companies are enhancing product strength and optimizing investment strategies to adapt to market trends, focusing on standardization and cultural integration in product development [5] - Investment strategies are becoming more flexible and diversified, with companies like Poly Developments and China Overseas Land & Investment prioritizing quality land in core cities and participating in urban renewal projects [5] Group 4: Future Outlook - Overall, high-quality real estate companies are focusing on three main directions to build competitive advantages, indicating a shift from "scale expansion" to "quality enhancement" in the industry [6]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年8月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 遠洋集團控股有限公司 | | | | 呈交日期: | 2025年9月3日 | | | | I. 法定/註冊股本變動 不適用 | | | | | 備註： | | | | | 遠洋集團控股有限公司(「本公司」)並無法定股本, 及其股本並無股份面值。 | | | | FF301 第 1 頁 共 11 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03377 | 說明 | 股份 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | ...