Core Viewpoint - New City Holdings successfully issued its third phase of medium-term notes for 2025, raising 1.75 billion yuan with a 4% interest rate, reflecting the improving financing environment for private real estate companies in China [1] Group 1: Financing and Ratings - The issuance of 1.75 billion yuan in medium-term notes is a significant financing breakthrough for New City Holdings, following previous issuances in August and September [1] - The company received a dual AAA rating from China Chengxin International for both the issuer and the bond, along with full guarantee from China Bond [1] - The positive financing environment is attributed to both policy support and the company's efforts, indicating a gradual return of private real estate firms to the capital market [1] Group 2: Financial Performance - For the first three quarters of 2025, New City Holdings reported a revenue of 34.371 billion yuan and a net profit of approximately 974 million yuan, maintaining a positive profit trend [1] - The company's operating cash flow was 1.026 billion yuan, showing consistent positive inflow [1] - The commercial operations generated approximately 10.511 billion yuan in revenue, a year-on-year increase of 10.82%, with a high rental occupancy rate of 97.7% across 176 leased properties [2] Group 3: Market Recognition and Future Outlook - Morgan Stanley upgraded New City Holdings to "overweight" and raised the target price by 25% to 19.7 yuan, citing expected rental growth and positive market share expansion [2] - Guotai Junan Securities forecasted the company's EPS for 2025, 2026, and 2027 to be 0.37, 0.51, and 0.61 yuan respectively, with a target price of 18.34 yuan based on a 0.65 PB valuation [3]

Group 1 - The company achieved a total commercial operating revenue of approximately 1.155 billion yuan in November 2025, representing a year-on-year growth of 8.96%. For the period from January to November, the cumulative commercial operating revenue reached approximately 12.852 billion yuan, an increase of 10.36% compared to the same period last year [1][2]. - In November 2025, the company recorded a contract sales amount of approximately 1.448 billion yuan, with a sales area of about 200,900 square meters. The cumulative contract sales amount from January to November was approximately 17.917 billion yuan, with a total sales area of about 2,351,600 square meters [1][2]. - The company provided counter-guarantees for the issuance of its 2025 third phase medium-term notes based on resolutions from its subsidiaries, indicating ongoing financial activities and commitments [2]. Group 2 - The rental income includes rent, management fees, parking fees, and other miscellaneous management fee income, highlighting the diverse revenue streams from the company's properties [1]. - The announcement emphasizes that all operating data is unaudited and may differ from periodic report data, serving as a reference for investors regarding the company's current operational status [1]. - The company’s board of directors assures the accuracy and completeness of the announcement, indicating a commitment to transparency [3][4].

（文章来源：证券日报） 证券日报网讯 12月9日晚间，新城控股发布公告称，11月份公司实现商业运营总收入约11.55亿元，比上 年同期增长8.96%；1-11月公司累计实现商业运营总收入约128.52亿元，比上年同期增长10.36%。 ...

Group 1 - New City Holdings completed the issuance of the third phase of medium-term notes for 2025, with a scale of 1.75 billion yuan and a term of 5 years at a coupon rate of 4% [1] - The company has issued a total of 3.65 billion yuan in medium-term notes this year, all receiving full guarantee from China Bond and a dual AAA rating, maintaining relatively low interest rates [1] - In the overseas market, New City Development issued $300 million in senior unsecured bonds in June, marking the first private real estate company to restart overseas capital market financing in three years [1] Group 2 - New City Holdings innovatively financed through high-quality commercial assets, issuing a real estate asset-backed special plan with a scale of 616 million yuan, setting records in the industry [2] - The company established a mechanism for expansion and reserved a channel for public REITs, laying a solid foundation for the long-term value release of held commercial assets [2] - The financing breakthroughs of New City Holdings reflect the continuous improvement of the financing environment for private real estate companies, driven by policy support and corporate efforts [2]

北京商报讯（记者 王寅浩 李晗）12月9日，新城控股披露11月经营简报。简报显示，11月新城控股实现 合同销售金额约14.48亿元；销售面积约20.09万平方米。 ...

（记者 曾健辉） 每经AI快讯，新城控股（SH 601155，收盘价：13.84元）12月9日晚间发布公告称，11月份公司实现合 同销售金额约14.48亿元，销售面积约20.09万平方米。1-11月公司累计实现合同销售金额约179.17亿 元，累计合同销售面积约235.16万平方米。 截至发稿，新城控股市值为312亿元。 每经头条（nbdtoutiao）——处方药变"瘾品"：国内首次报告普瑞巴林滥用致成瘾病例，网络平台暴 露"无病历可购药"漏洞，列管与否尚需科学考量 2025年1至6月份，新城控股的营业收入构成为：房地产开发销售占比68.63%，物业出租占比29.06%， 其他业务占比2.31%。 ...

新城控股（601155）(601155.SH)发布公告，11月份公司实现商业运营总收入约11.55亿元，比上年同期 增长8.96%;1-11月公司累计实现商业运营总收入约128.52亿元，比上年同期增长10.36%。 ...

智通财经APP讯，新城控股(601155.SH)发布公告，11月份公司实现商业运营总收入约11.55亿元，比上 年同期增长8.96%;1-11月公司累计实现商业运营总收入约128.52亿元，比上年同期增长10.36%。 ...

新城控股集团股份有限公司 2025 年 11 月份经营简报 证券代码：601155 证券简称：新城控股 编号：2025-054 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 本公司董事会提醒，披露信息所有经营数据未经审计，月度经营数据与定期报 告数据可能存在差异，仅供投资者了解公司现时经营状况作参考。 一、公司2025年11月份房地产出租情况 11月份公司实现商业运营总收入约11.55亿元，比上年同期增长8.96%；1-11月 公司累计实现商业运营总收入约128.52亿元，比上年同期增长10.36%。 3、2025年11月公司商业运营总收入为11.55亿元（即含税租金收入），包含：商铺、办公 楼及购物中心的租金、管理费、停车场、多种经营及其他零星管理费收入。 二、公司 2025 年 11 月份销售情况 | 11月份公司物业及租金收入分区域情况如下： | | --- | | 省份 | 物业数量 | 总建筑面积 11 | 月份租金收 | 当年累计租金收入 | | --- | --- | --- | --- | --- | | | ...

11月份公司实现合同销售金额约14.48亿元，销售面积约20.09万平方米。1-11月公司累计实现合同销售 金额约179.17亿元，累计合同销售面积约235.16万平方米。 格隆汇12月9日丨新城控股(601155.SH)公布，11月份公司实现商业运营总收入约11.55亿元，比上年同期 增长8.96%；1-11月公司累计实现商业运营总收入约128.52亿元，比上年同期增长10.36%。 ...