Core Viewpoint - Zhengrong Real Estate (06158.HK) reported a cumulative contract sales amount of approximately RMB 4.52 billion and a contract sales area of about 32,180 square meters for the period ending October 31, 2025, with an average contract selling price of RMB 14,000 per square meter [1] Group 1 - For the ten months ending October 31, 2025, the cumulative contract sales amount reached approximately RMB 37.40 billion, with a total sales area of 233,131 square meters and an average selling price of RMB 16,000 per square meter [1]

Core Viewpoint - Zhengrong Real Estate (06158) reported a significant decline in contract sales for October 2025 and the first ten months of the year, indicating challenges in the real estate market [1] Group 1: October 2025 Performance - The cumulative contract sales amount for the group, including joint ventures and associates, was approximately RMB 4.52 billion, representing a year-on-year decrease of 19% [1] - The total contract sales area was about 32,180 square meters, with an average contract selling price of approximately RMB 14,000 per square meter [1] Group 2: January to October 2025 Performance - The cumulative contract sales amount for the group, including joint ventures and associates, was approximately RMB 37.40 billion, reflecting a year-on-year decrease of 31.39% [1] - The total contract sales area was approximately 233,131 square meters, with an average contract selling price of approximately RMB 16,000 per square meter [1]

Group 1 - The core viewpoint of the article indicates that Zhengrong Real Estate (06158) reported a significant decline in contract sales for October 2025, with a total contract sales amount of approximately RMB 4.52 billion, representing a year-on-year decrease of 19% [1] - The total contract sales area for October 2025 was approximately 32,180 square meters, with an average contract selling price of about RMB 14,000 per square meter [1] - For the period from January to October, the cumulative contract sales amount was approximately RMB 37.40 billion, reflecting a year-on-year decrease of 31.39% [1] Group 2 - The cumulative contract sales area from January to October was 233,131 square meters, with an average contract selling price of RMB 16,000 per square meter [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之內容概不負責，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所產生或因依賴該等內容而引致之任何損 失承擔任何責任。 Zhenro Properties Group Limited 正 榮 地 產 集 團 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：6158） 正榮地產集團有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會（「董事會」）謹 此宣佈，截至二零二五年十月三十一日止月份，本集團連同合營公司及聯營公司的累計合 約銷售金額約為人民幣4.52億元，合約銷售建築面積約為32,180平方米，截至二零二五年十 月三十一日止月份的合約平均售價約為每平方米人民幣14,000元。 截至二零二五年十月三十一日止十個月，本集團連同合營公司及聯營公司的累計合約銷售 金額約為人民幣37.40億元，合約銷售建築面積約為233,131平方米及合約平均售價約為每平 方米人民幣16,000元。 上述數據乃未經審核及依據本集團的初步內部資料編製，或會因為在收集有關資料的過程 中的多項不確定因素，而與本公司按年度或半 ...

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10月31日 狀態: 新提交 I. 法定/註冊股本變動 | 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) | 06158 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | 0 | | 本月底結存 | | | 5,000,000,000 | USD | | 0.00001 | USD | | 50,000 | 本月底法定/註冊股本總額： USD 50,000 FF301 第 1 頁 共 10 頁 v 1.1.1 致：香 ...

Group 1 - Henan Port and Shipping Group Co., Ltd. was established on October 21, focusing on unified construction, operation, management, service, and external relations in the port and shipping sector [1] - The group has formed 16 subsidiaries, concentrating on six key tasks: high-grade waterway construction, major port expansion, safety capability enhancement, smart port and shipping development, modern shipping, and new energy vessel development [1] - The aim is to create a significant influence in the inland shipping brand and build a first-class domestic port and shipping enterprise [1] Group 2 - The People's Bank of China conducted a 7-day reverse repurchase operation of 159.5 billion yuan, with a net injection of 68.5 billion yuan [3] - The operation interest rate remained stable at 1.40%, with 91 billion yuan of reverse repos maturing on the same day [3] Group 3 - Henan Province plans to issue a total of 37.797 billion yuan in local bonds, including general and special bonds for 2025 [4] - The issuance includes 1.027 billion yuan in refinancing special bonds aimed at replacing existing hidden debts [4] Group 4 - Hunan Province has implemented strict regulations prohibiting village-level organizations from lending collective funds to government platform companies or other entities [6] - The new management measures require comprehensive verification of debts and the establishment of work ledgers to manage and mitigate existing debts [6] Group 5 - Guangzhou's government is advancing the use of special loans to purchase existing residential properties for relocation purposes, with plans to invest 100 billion yuan in urban village and old community renovations by 2025 [8] - The city aims to initiate over 150 new old community renovation projects [8] Group 6 - China Pingmei Shenma Group plans to issue 500 million yuan in short-term financing bonds, with the entire proceeds intended for repaying existing debts [9] - The bond subscription period is from October 22 to October 23, with an interest rate range of 1.8% to 2.2% [9] Group 7 - Zhengzhou Urban Development Group has selected underwriters for its second phase of corporate bonds, with the top underwriter being Huatai United Securities [10] - The underwriting fee rate is set at 0.0566% per year [10] Group 8 - Xuchang Investment Group successfully issued 170 million yuan in medium-term notes at an interest rate of 3% [11] - The funds raised will be used to repay existing debt instruments [11] Group 9 - Puyang State-owned Capital Operation Group completed the issuance of 1 billion yuan in corporate bonds with an interest rate of 2.65% [11] - The funds will be used to repay the principal of previously redeemed corporate bonds [11] Group 10 - The first medium-to-long-term technology innovation corporate bonds on the Beijing Stock Exchange were issued, totaling 500 million yuan with a rate of 2.29% [12] - The issuance set a new low for similar bonds since September [12] Group 11 - The Shanghai Municipal Government approved the establishment of Shanghai Guomao Holdings Co., Ltd. [17] - The registration and compliance procedures will be handled by the municipal state-owned assets supervision and administration commission [17]

Core Insights - The real estate market in September showed signs of stabilization and recovery, driven primarily by the demand for improved housing options [1][9] - A total of 24 real estate companies reported sales data, with 15 companies, accounting for 62.5%, experiencing a month-on-month increase in sales [1] - Differentiated pricing strategies have played a crucial role, with smaller units attracting buyers through competitive pricing, while improved housing options achieved premium pricing [1][9] Sales Performance - Among the 24 companies, Poly Developments and China Overseas Development led with sales exceeding 200 billion yuan in September, at 205.31 billion yuan and 201.73 billion yuan respectively [3] - Other notable companies include China Resources Land and China Merchants Shekou, with sales of 176 billion yuan and 166.98 billion yuan [3] - The sales growth for Poly Developments and China Overseas has been consistent, with both companies reporting month-on-month increases for three consecutive months [3] Market Dynamics - Different tiers of companies are experiencing varied recovery rates, with top-tier firms benefiting from scale advantages and mid-tier firms leveraging popular projects to boost sales [3][4] - Companies like R&F Properties saw a significant month-on-month increase of 132.31% in September due to a low sales base in August [4] - The overall market recovery is supported by strong land acquisition strategies focused on first- and second-tier cities, with a reported 13% year-on-year increase in land sales revenue across 300 cities [5] Land Acquisition Trends - Real estate companies are increasingly concentrating their land acquisitions in core cities, with top 20 cities accounting for 61% of the total land sales revenue [5] - China Resources Land acquired 18 new projects in the first half of 2025, with a total investment of 32.28 billion yuan, primarily in first- and second-tier cities [5] - The supply of quality land has increased, providing more options for developers, as seen in Beijing's recent addition of 22 new real estate projects [6] Product Quality and Market Appeal - The introduction of high-quality housing standards has enhanced market attractiveness, with improved housing options meeting the needs of buyers [7] - Recent policy adjustments in major cities have further stimulated demand, allowing for greater flexibility in purchasing [7] - The sales of improved housing options have surged, with a notable increase in the proportion of larger units sold in major cities [8][9]

Company News - Sunny Optical Technology (02382.HK) plans to transfer Shanghai Aolai for approximately 1.903 billion yuan and invest in GoerTek to jointly develop AI/AR optical business [2] - Orient Overseas International (00316.HK) reported a 8.3% decrease in shipping revenue for the first nine months, totaling approximately 6.696 billion USD, with an overall load factor down 1.5% and average revenue per standard container down 12.4% compared to the same period last year [2] - Xiehe New Energy (00182.HK) reported a 0.31% decrease in equity power generation for the first nine months, totaling 6,464.54 GWh, while solar equity power generation increased by 30.69% year-on-year [2] - Fast Retailing (06288.HK) announced annual results for the year ending August 31, 2025, with revenue of 3.400539 trillion yen, a year-on-year increase of 9.6%, and net profit of 433.009 billion yen, up 16.4% [3] - Dongfeng Motor Group (00489.HK) reported cumulative vehicle sales of 1.3168 million units for the first nine months, a year-on-year decline of approximately 3.6% [4] - Gemdale Property (00535.HK) reported a cumulative contract sales amount of approximately 8.533 billion yuan for the first nine months, a year-on-year decrease of 39.81% [4] - Baolong Real Estate (01238.HK) reported a contract sales total of approximately 5.431 billion yuan for the first nine months, down 43.64% year-on-year [4] - Zhengrong Real Estate (06158.HK) reported a cumulative contract sales amount of approximately 3.288 billion yuan for the first nine months, a year-on-year decrease of 32.8% [4] - JINGRUI Holdings (01862.HK) reported a contract sales amount of 740 million yuan for the first nine months, a year-on-year decrease of 49.52% [5] - China Wisdom Energy (01004) withdrew its liquidation petition [5] Shareholding Changes - Flat Glass Group (06865.HK) saw some shareholders and directors reduce their holdings by a total of 29.9803 million shares [6] - CNOOC Services (02883.HK) reported that its controlling shareholder, China National Offshore Oil Corporation, increased its holdings by 16.008 million H-shares over the past six months [6] - China National Offshore Oil Corporation (00883.HK) reported that its actual controller increased its holdings by 22.098 million shares in the past six months [6] - Tencent Holdings (00700.HK) repurchased 816,000 shares at a cost of 551 million HKD, with repurchase prices ranging from 666 to 680.5 HKD [6]

Core Viewpoint - Zhengrong Real Estate disclosed its unaudited operational brief for September, indicating a total contract sales amount of approximately 297 million yuan and an average contract selling price of about 17,600 yuan per square meter [1] Group 1: Sales Performance - In September, the cumulative contract sales amount for Zhengrong Real Estate, including its subsidiaries, joint ventures, and associates, was approximately 297 million yuan [1] - The total contracted sales area was about 16,900 square meters [1] - The average contract selling price was approximately 17,600 yuan per square meter [1]

Core Viewpoint - Zhengrong Real Estate (06158) reported a significant decline in contract sales, indicating challenges in the current market environment [1] Group 1: Sales Performance - As of September 30, 2025, the cumulative contract sales amount for the group, including joint ventures and associates, was approximately RMB 2.97 billion, representing a year-on-year decrease of 47.89% [1] - The total contract sales area was approximately 16,900 square meters, with an average contract selling price of about RMB 17,600 per square meter as of September 30, 2025 [1] - For the nine months ending September 30, 2025, the cumulative contract sales amount was approximately RMB 32.88 billion, down 32.8% year-on-year [1] Group 2: Sales Area and Pricing - The total contract sales area for the nine months was approximately 201,000 square meters, with an average contract selling price of RMB 16,400 per square meter [1]