Core Insights - In 2025, Greentown Management ranked first in the China real estate construction management companies list with a new signed area of 35.35 million square meters [1] - CIFI Construction Management and RunDi Management ranked second and third with new signed areas of 16.29 million square meters and 15.95 million square meters, respectively [1] - Greentown Management also topped the construction sales ranking with a contract sales amount of 98.5 billion yuan [1]

Core Viewpoint - The article highlights the significant growth in the contract signing area of top construction management companies in China, indicating a strong recovery in the real estate market and an increased willingness among leading firms to expand their operations in 2025, with a total new signed area of 21,926 million square meters, representing a year-on-year increase of 16% [9][10]. Group 1: New Contract Signing Rankings - The top 20 companies in terms of new signed construction area are led by Greentown Management with 3,535 million square meters, followed by Xuhui Construction Management with 1,629 million square meters, and Runze Management with 1,595 million square meters [1][2]. - A total of 10 companies have signed contracts exceeding 10 million square meters, an increase of 5 companies compared to the previous year [10]. Group 2: Market Concentration and Competition - The concentration of the top 10 companies in new signed areas reached 78%, an increase of 7 percentage points from 2024, indicating a trend where leading firms are capturing a larger share of the market [14][15]. - The competition among top firms is intensifying, with significant year-on-year growth observed in companies like Jindi Management and Longfor Longzhizao, which saw increases exceeding 50% [15][17]. Group 3: Challenges for Smaller Firms - There is a notable disparity in new project signing scales among companies, with significant gaps indicating that smaller firms are facing increasing challenges in the market, leading to ongoing restructuring [17][18]. - The threshold difference between the 10th and 20th ranked companies is nearly five times, underscoring the difficulties faced by lower-tier firms in expanding their operations [18]. Group 4: Brand Development and Market Positioning - Brand credibility is becoming a crucial factor for companies to secure projects, shifting the focus from merely showcasing scale to demonstrating value and professional capabilities [21]. - Leading firms are engaging in immersive communication strategies with capital markets to build trust, exemplified by Greentown Management's reverse roadshow in Wuhan [21]. - Companies are leveraging landmark projects to visualize their service capabilities and align their brand with national strategies and urban development needs [22].

Group 1 - The core viewpoint of the article indicates that Greentown Management Holdings (09979) has announced a decrease in the total contracted construction area for new projects, amounting to 35.35 million square meters, which represents a decline of approximately 3.1% compared to the same period last year [1] - The estimated construction fee for new projects is projected to be RMB 9.35 billion, reflecting a growth of about 0.4% year-on-year [1]

格隆汇1月6日丨绿城管理控股(09979.HK)公布，截至2025年12月31日止年度，集团新拓代建项目的合约 总建筑面积达3,535万平方米，较去年同期下降约3.1%；新拓代建项目代建费预估为人民币93.5亿元， 较去年同期增长约0.4%。 ...

智通財經APP訊，綠城管理控股(09979)發佈公告，截至2025年12月31日止年度，集團新拓代建項目的合 約總建築面積達3535萬平方米，較去年同期下降約3.1%;新拓代建項目代建費預估爲人民幣93.5億元， 較去年同期增長約0.4%。 ...

GREENTOWN MANAGEMENT HOLDINGS COMPANY LIMITED 綠 城 管 理 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：09979） 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分內容 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。 自願性公告 業務更新 本公告乃由綠城管理控股有限公司（「本公司」，連同其附屬公司、合營及聯營公司統稱 「本集團」）按自願基準作出。 本公司董事（「董事」）會（「董事會」）謹此向本公司股東及有意投資者提供本集團業務發展 的最新情況。 截至2025年12月31日止年度，本集團新拓代建項目的合約總建築面積達3,535萬平方米， 較去年同期下降約3.1%；新拓代建項目代建費預估為人民幣93.5億元，較去年同期增長 約0.4%。 上述數據未經審核，乃根據本集團初步內部資料編製，鑑於收集該等銷售資料過程中存 在各種不確定因素，該等數據與本公司按年度或半年度將予刊發的經審核或未經審核綜 合財務報表中 ...

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12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: 綠城管理控股有限公司 呈交日期: 2026年1月5日 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) | 09979 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 100,000,000,000 | HKD | | 0.01 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 100,000,000,000 | HKD | | 0.01 | HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： ...

Core Insights - The report emphasizes the importance of stabilizing expectations in the real estate market, highlighting the need for proactive measures to shorten adjustment periods and smooth market fluctuations [5][14][17] - The article from "Qiushi" magazine outlines the critical role of real estate in the national economy and stresses the necessity of maintaining policy strength to align with market expectations [5][14][16] Section Summaries 1. Policy Environment During New Year - The article in "Qiushi" magazine discusses the current phase of the real estate market, indicating a shift from housing shortages to a balance in supply, with a focus on quality over quantity in housing demand [13][15] - It highlights the financial asset nature of real estate, emphasizing its significance in stabilizing the economy and the need for effective expectation management [14][15] 2. Transaction Performance: New and Second-Hand Housing - New housing transactions during the New Year period saw a significant decline, with a daily average of 15.66 million square meters sold across 32 cities, down 44.8% year-on-year [19][21] - In contrast, second-hand housing transactions showed relative stability, with an average of 2,676 units sold daily across 80 cities, a slight decrease of 1.1% year-on-year [26][28] 3. Market Trends and Insights - The real estate sector's performance was weak, with the SW real estate index down 0.7%, underperforming the CSI 300 index by 0.1 percentage points [5][19] - The report notes that the PB valuation for major developers is at 0.45x, indicating low market expectations for price recovery [5][19] 4. Company Valuation and Financial Analysis - The report provides a detailed valuation analysis of key companies in the real estate sector, indicating a "Buy" rating for several firms based on their projected earnings and valuation metrics [6][19] - Companies like Vanke A and China Overseas Development are highlighted for their potential upside based on current market conditions and valuations [6][19] 5. Future Outlook - The report suggests that despite current challenges, there remains significant potential for growth in housing services, second-hand transactions, and real estate asset management, with estimates indicating a need for 10 to 14.9 million new homes annually [16][18] - It emphasizes the importance of maintaining policy strength and aligning it with market expectations to foster recovery in the real estate sector [16][18]

格隆汇12月24日｜格隆汇12月22日线上举办"科技赋能·资本破局"分享会。备受瞩目的卓越公司评选榜 单隆重揭晓。其中，格隆汇"金格奖"年度卓越公司评选中，绿城管理控股(9979.HK)荣获"年度社会责任 奖"奖项。 "年度社会责任奖"奖项是对公司多年来积极履行社会责任的认可和肯定，是对公司管理水平和人员素质 的嘉奖。具备社会责任感是企业可持续发展的必要条件，作为经济主体，只有认识并积极承担社会责任 才能使自己更具竞争力。 ...

Core Viewpoint - The "Golden Award" annual excellence company selection by Gelonghui recognizes companies for their social responsibility and management quality, highlighting the importance of corporate social responsibility for sustainable development [1][2]. Group 1: Award Winners - Ten companies received the "Annual Social Responsibility Award," including: - Damai Entertainment (01060.HK) - Urban Beauty (02298.HK) - Greentown Management Holdings (09979.HK) - Qifu Technology-S (03660.HK) - Qingniao Fire Protection (002960.SZ) - Tencent Holdings (00700.HK) - Xiaocai Garden (00999.HK) - iFlytek Medical Technology (02506.HK) - Yuehai Investment (00270.HK) - ZhongAn Online (06060.HK) The ranking is in alphabetical order and does not indicate priority [1]. Group 2: Evaluation Process - The selection process for the awards involved quantitative data analysis and an expert review panel to determine the final results [1]. - The aim of the "Golden Award" is to create a valuable reference for investors regarding listed companies and unicorns across various stock exchanges, including the Hong Kong Stock Exchange, Shanghai Stock Exchange, Shenzhen Stock Exchange, New York Stock Exchange, and NASDAQ [2].