Group 1 - Hong Kong property stocks have risen, with Country Garden increasing by over 15% [1] - Other companies such as Sunac China, Longfor Group, Vanke Enterprises, Oceanwide Holdings, and Greentown China also experienced gains [1] - Investors can buy Hong Kong stocks through A-share accounts without the need for the Hong Kong Stock Connect, allowing for T+0 trading [1]

万科企业股份有限公司关于行使"20 万科 04"公司债券 发行人赎回选择权的第二次提示性公告 证券代码：000002、299903、149124 证券简称：万科 A、万科 H 代、20 万科 04 公告编号：〈万〉2025-049 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、 误导性陈述或者重大遗漏负连带责任。 重要提示： 1．债券代码：149124。 2．债券简称：20万科04。 3．赎回登记日：2025年5月16日。 4．赎回资金到账日：2025年5月19日。 5．赎回价格：人民币103.45元/张（含当期利息，且当期利息含 税）。 6．债券赎回比例：100%。 7．摘牌日: 2025年5月19日。 一、"20万科04"公司债券的基本情况 1．发行主体：万科企业股份有限公司。 8．还本付息方式：本期债券采用单利按年计息，不计复利。每 年付息一次，到期一次还本，最后一期利息随本金的兑付一起支付。 本期债券于每年的付息日向投资者支付的利息金额为投资者截至付 息债权登记日收市时所持有的本期债券票面总额与对应的票面利率 的乘积；于兑付日向投资者支付的本息金额为投资者截至兑付债权登 记日 ...

2025年3月长沙新房市场呈现显著复苏态势，头部房企与新兴势力协同发力，印证市场在政策调控与企业战略转型中逐步企稳向好。头部企业持续聚焦核 心地段和产品力升级，本土房企突围路径明晰，凭借精准定位与产品创新，优良地段与差异化产品策略巩固标杆项目，实现改善、教育等细分市场份额抢 占。 榜单维度 房企榜 长沙九区县房企全口径、权益以及操盘榜 项目榜 长沙九区县商品住宅榜、各区域商品住宅榜 长沙九区县别墅榜、公寓榜 企业榜 | | 招商蛇口 | 8.76 | | --- | --- | --- | | 3 | 中建信和 | 6.53 | | 4 | 龙湖集团 | 6.42 | | 5 | 润和城 | 5.73 | | 6 | 中海地产 | 5.35 | | | 鑫远集团 | 4.75 | | 8 | 绿城中国 | 4.54 | | 9 | 建发房产 | 4.47 | | 10 | 城发恒伟 | 4.46 | | 11 | 雄天集团 | 4.02 | | 12 | 长房集团 | 3.88 | | 13 | 保利发展控股集团 | 3.77 | | 14 | 浏阳浩华实业 | 3.37 | | 15 | 梦想置业 | 3. ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - In the bonds with discounted transactions, "22 Zunqiao 05" had a relatively large deviation in bond valuation price. Among the bonds with rising net prices, "20 Vanke 08" had a relatively high deviation in valuation price. Among the Tier 2 and perpetual bonds with rising net prices, "23 Huaxing Bank Tier 2 Capital Bond 01" had a relatively large deviation in valuation price. Among the commercial financial bonds with rising net prices, "24 Zhuhai Rural Commercial Bank Bond" had a relatively high deviation in valuation price. Among the bonds with a transaction yield higher than 10%, real estate bonds ranked high [2]. - The changes in credit bond valuation yields were mainly distributed in the (0,5] range. The transaction term of non - financial credit bonds was mainly within 0.5 years, and the 3 - 4 - year variety had the highest proportion of discounted transactions. The transaction term of Tier 2 and perpetual bonds was mainly between 4 - 5 years, and the variety within 1.5 years had the highest proportion of discounted transactions. By industry, the bonds in the automotive industry had the largest average deviation in valuation price [2]. 3. Summary by Relevant Catalogs 3.1 Discounted Transaction Tracking - Bonds such as "22 Zunqiao 05", "25 Zhangjiu 02", etc. had discounted transactions. The remaining terms, valuation price deviations, valuation yields, and other indicators varied. For example, "22 Zunqiao 05" had a remaining term of 2.00 years, a valuation price deviation of - 0.30%, a valuation yield of 4.66%, and a transaction scale of 8.04 million yuan [4]. 3.2 Tracking of Bonds with Rising Net Prices - Bonds like "20 Vanke 08", "22 Vanke 07" had rising net prices. "20 Vanke 08" had a remaining term of 0.58 years, a valuation price deviation of 0.50%, a valuation yield of 14.31%, and a transaction scale of 14.53 million yuan [5]. 3.3 Tracking of Tier 2 and Perpetual Bond Transactions - "23 Huaxing Bank Tier 2 Capital Bond 01" had a relatively large deviation in valuation price among Tier 2 and perpetual bonds. The valuation yield deviation was - 3.60bp, the remaining term was 0.11 years, and the transaction scale was 41.5 million yuan [6]. 3.4 Tracking of Commercial Financial Bond Transactions - "24 Zhuhai Rural Commercial Bank Bond" had a relatively high deviation in valuation price among commercial financial bonds. The valuation yield deviation was - 2.15bp, the remaining term was 2.19 years, and the transaction scale was 60.32 million yuan [7]. 3.5 Tracking of Bonds with a Transaction Yield Higher than 10% - Real estate bonds such as "20 Vanke 08", "22 Vanke 07" had a transaction yield higher than 10%. For example, "20 Vanke 08" had a valuation yield of 14.31% and a transaction scale of 14.53 million yuan [8]. 3.6 Distribution of Credit Bond Valuation Yield Changes - The changes in credit bond valuation yields were mainly distributed in the (0,5] range [2]. 3.7 Distribution of Non - Financial Credit Bond Transaction Terms - The transaction term of non - financial credit bonds was mainly within 0.5 years, and the 3 - 4 - year variety had the highest proportion of discounted transactions [2]. 3.8 Distribution of Tier 2 and Perpetual Bond Transaction Terms - The transaction term of Tier 2 and perpetual bonds was mainly between 4 - 5 years, and the variety within 1.5 years had the highest proportion of discounted transactions [2]. 3.9 Proportion and Transaction Scale of Discounted Transactions of Non - Financial Credit Bonds by Industry - The bonds in the automotive industry had the largest average deviation in valuation price [2].

根据《香港联合交易所有限公司证券上市规则》13.43 条关于董事会审议定期 报告应预先披露董事会召开日期的要求，以及《深圳证券交易所股票上市规则》 11.2.1 条关于信息披露需境内外同步披露的要求，万科企业股份有限公司（以下 简称"本公司"）谨此公布： 本公司将于 2025 年 4 月 29 日召开董事会会议，审议本公司 2025 年第一季 度报告、财务报表等相关事项。 特此公告。 万科企业股份有限公司 关于董事会会议召开日期的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2025-048 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 万科企业股份有限公司 董事会 二〇二五年四月十五日 ...

Group 1 - The core point of the article highlights a significant trend of salary reductions among executives in the real estate industry, with many companies adjusting their compensation structures in response to financial pressures [1][5][7] - Major companies like China Merchants Shekou have initiated salary cuts, with CEO Jiang Tiefeng's salary dropping from 4.9169 million yuan in 2023 to 2.4177 million yuan in 2024, a reduction of approximately 51% [2][4] - Other notable companies such as Vanke and Country Garden have also seen their executives' salaries decrease significantly, with some executives now earning as little as 10,000 yuan per month [1][3] Group 2 - The performance of China Merchants Shekou in 2024 shows a revenue of 178.948 billion yuan, a year-on-year increase of 2.25%, but a net profit attributable to shareholders of 4.039 billion yuan, a decrease of 36.09% [2] - Vanke's executive vice president, Yu Liang, voluntarily reduced his salary to a pre-tax amount of 120,000 yuan, down from previous years where he earned over 1 million yuan [2][4] - The article notes that the real estate sector is facing challenges such as shrinking scale, declining profits, and high debt levels, making it increasingly difficult for executives to manage their companies effectively [5][6] Group 3 - The salary adjustments reflect a broader trend in the industry where high salaries are becoming less sustainable, with many companies experiencing significant drops in profits and revenues [7] - For instance, China Jinmao's chairman saw a salary decrease from 1.536 million yuan to 1.301 million yuan, while Huafa's chairman's salary dropped from 6.834 million yuan to 2.8905 million yuan [6] - Despite the overall decline in executive compensation, some companies like Greentown Group still report relatively high average salaries, indicating a disparity within the industry [7]

万科企业股份有限公司 关于担保进展情况的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2025-046 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 为满足经营需要，万科企业股份有限公司（以下简称"公司"或"万科"） 之控股子公司向金融机构融资，公司之控股子公司通过信用保证、股权质押方式 为相应的融资提供担保。 公司之控股子公司西安君邦置业有限公司（以下简称"西安君邦"）向招商 银行股份有限公司深圳分行（以下简称"招商银行"）申请银行贷款 8.5 亿元并 完成提款，期限为 15 年，公司之控股子公司印力集团控股有限公司（以下简称 "印力集团"）为前述贷款提供连带责保证担保、深圳印力管理有限公司（以下 简称"深圳印力"）以其持有的西安君邦 100%股权为前述贷款提供质押担保。 近期，西安君邦向招商银行申请并获同意，贷款金额增加至 9.5 亿元，期限和前 述担保要求不变。 1 （一）担保事项概述 （二）担保协议的主要内容 印力集团、深圳印力将与招商银行签署连带责任保证担保合同、质押合同， 分别为西安君邦本次贷款提供连带 ...

万科企业股份有限公司 关于控股子公司因仲裁被动承担连带保证责任的公告 证券代码：000002、299903 证券简称：万科 A、万科 H 代 公告编号：〈万〉2025-047 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 一、本次仲裁的基本情况 本公司控股子公司成都市南阳帝景置业有限公司（以下简称"南阳帝景公 司"），于 2025 年 4 月 10 日收到北京仲裁委员会出具的（2025）京仲裁字第 0027 号裁决书。 2016 年 12 月至 2018 年 6 月期间，深圳尚河惠众商业保理有限公司（以下 简称"尚河保理公司"）向成都市尉洪建设有限公司（以下简称"尉洪建设"） 支付多笔保理融资款。2016 年 12 月至 2017 年 12 月期间，南阳帝景公司以及其 他七位被申请人与尚河保理公司分别签订了《保证合同》。根据裁决书，就尉洪 建设应付尚河保理公司借款本金 6.05 亿元及其借款融资成本和逾期违约金债务 事项，其他七位被申请人需为前述借款承担完全的连带保证责任，南阳帝景公司 作为被申请人之一需按前述债务的 75%承担连带保证责任。尉洪建设、尚河保理 ...

金十数据4月14日讯，万科A发布公告称，截至2025年3月31日，公司担保余额人民币781.16亿元，占公 司2024年末经审计归属于上市公司股东净资产的比重为38.54%。其中，公司及控股子公司为其他控股 子公司提供担保余额人民币762.95亿元，公司及控股子公司对联营公司及合营公司提供担保余额人民币 18.21亿元。公司亦无逾期担保和涉及诉讼的担保。 万科A：截至2025年3月31日，公司担保余额人民币781.16亿元 订阅A股市场资讯 +订阅 ...

点评： 开发业务表现大幅滑坡，业绩修复情况仍待观察：销售与拿地方面，2024 年， 公司实现销售额 2460 亿元，同比下降 34.6%；新获取 13 个项目，其中存量盘 活项目达 11 个，权益地价 55.6 亿元。结算方面，2024 年，公司实现营业收入 3432 亿元，同比下降 26.3%，其中房地产开发及相关资产经营业务收入 3010 亿元，同比下降 30.0%；综合毛利率为 10.2%，同比下降 5.1pct，其中开发业 务毛利率为 9.5%，同比下降 6.2pct；归母净利润亏损 495 亿元，同比下降 506.8%，业绩亏损的主要原因包括：1）开发业务结算规模及结算毛利率同比显 著下降；2）因房地产市场下行，资产减值损失和信用减值损失分别同比多计提 37 亿元、260 亿元；3）部分非主业财务投资出现亏损及大宗资产交易产生亏损 等影响，投资收益同比下降 206.4%至-29 亿元；4）或因全年开复工规模下降导 致利息资本化比例下降，财务费用同比增长 59.9%等。 2025 年 4 月 13 日 公司研究 坚守信用底线，大股东提供重要支持 ——万科（000002.SZ、2202.HK）动态跟踪 ...