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 FF301 II. 已發行股份及/或庫存股份變動 | 截至月份: | 2025年7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: | 中國海外發展有限公司 | | | 呈交日期: | 2025年8月1日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 | 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) | 00688 | 說明 | | | | | | | | | 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 | | | 上月底結存 | | | 10,944,883,535 | | 0 | | 10,944,883,535 | | 增加 / 減少 (-) | | | 0 ...

Group 1 - The stock price of XD Shanghai Petrochemical (600688) closed at 2.96 yuan, up 0.68% with a turnover rate of 0.72% and a trading volume of 525,000 hands, amounting to 155 million yuan [1] - The latest financial report shows that for Q1 2025, the company reported total revenue of 19.521 billion yuan, a year-on-year decrease of 8.28%, and a net profit attributable to shareholders of 89.839 million yuan, a year-on-year decrease of 206.87% [1] - The company has a current ratio of 1.299, a quick ratio of 0.924, and a debt-to-asset ratio of 39.31% [1] Group 2 - China Petrochemical Shanghai Petrochemical Co., Ltd. has made investments in 22 enterprises and participated in 5,000 bidding projects [2] - The company holds 51 trademark registrations and 1,292 patents, along with 12,807 administrative licenses [2]

Group 1: Real Estate Regulations - Guangdong Province has issued guidelines prohibiting the registration of "small property rights houses" and illegal land use, ensuring that the rights of citizens are protected [1] - The guidelines emphasize that any illegal construction or land use cannot be legitimized through registration, maintaining strict adherence to land use regulations [1] Group 2: Housing Fund Adjustments - Zhengzhou has announced an increase in the monthly housing fund contribution limits for 2025, with a maximum contribution base of 27,520 yuan and a maximum monthly contribution of 6,604 yuan [2] - The minimum contribution base is set at 2,100 yuan, with a minimum monthly contribution of 210 yuan [2] - Similarly, Henan Province has aligned its housing fund contribution limits with Zhengzhou, establishing the same maximum and minimum contribution bases and amounts for 2025 [3] Group 3: Real Estate Sales Performance - China Overseas Development reported a contract property sales amount of approximately 29.713 billion yuan in June, reflecting a year-on-year decline of 36.3%, with a sales area of about 1.3718 million square meters, down 6.7% year-on-year [4] - Country Garden disclosed a contract sales amount of approximately 2.81 billion yuan in June, with a sales area of about 350,000 square meters [5]

Group 1 - China Overseas Development has submitted application materials for public fund registration and listing to the China Securities Regulatory Commission and Shenzhen Stock Exchange on June 25, 2025 [1] - The related asset for the infrastructure REIT is a shopping center located in Nanhai District, Foshan, China, owned by a wholly-owned subsidiary of the company [1] - The company has applied for a waiver from strict compliance with the application guidance regarding guarantee quota requirements, which has been granted by the Stock Exchange [1] Group 2 - Huaxia Fund will establish a closed-end publicly listed infrastructure securities investment fund and will be responsible for its daily operations, with an expected fundraising of RMB 1.355 billion [2] - Upon completion of the proposed listing, the public fund will use the proceeds to subscribe to all equity of the asset-backed special plan, which will then acquire all equity of the project company and repay its debts [2] - After the acquisition is completed, the project company will be 100% owned by the infrastructure REIT and will no longer be a subsidiary of the company [2]

中国海外发展5月合约销售额238.5亿元，同比增长21.1％。 ...

智通财经5月9日电，中国海外发展4月合约销售额201.6亿元人民币，同比减少7.5%。 ...

Financial Performance - Revenue decreased by 8.6% to RMB 1,851.5 million from RMB 2,025.2 million year-on-year[27] - Profit attributable to shareholders dropped by 38.9% to RMB 156.4 million, down from RMB 256.1 million[27] - Core profit attributable to shareholders decreased by 33.5% to RMB 157.2 million from RMB 236.5 million[27] - Basic earnings per share decreased by 38.9% to RMB 1.43 from RMB 2.34[27] - Total revenue for the fiscal year 2023 was RMB 202.5 billion, a 12.2% increase from RMB 180.3 billion in 2022[39] - Operating profit for 2023 was RMB 40.5 billion, up from RMB 34.9 billion in 2022, reflecting a 16.3% increase[39] - Net profit attributable to shareholders for 2023 was RMB 25.6 billion, compared to RMB 23.3 billion in 2022, marking a 9.8% increase[39] - The company's revenue for the audited year ending December 31, 2024, was RMB 185.15 billion, with a net profit attributable to shareholders of RMB 15.64 billion[78] Sales and Contracts - Contracted property sales amounted to RMB 3,106.9 million, a slight increase of 0.3% compared to RMB 3,098.1 million in the previous year[27] - The company achieved a contract property sales amount of RMB 310.69 billion, with a year-on-year growth of 0.3%, making it the only top ten real estate company in China to realize sales growth[73] - The average contracted sales price per square meter was RMB 27,047, representing a year-on-year increase of 16.6%[93] - The cumulative contract property sales amount for the Shenzhen Deep Bay project reached RMB 156.2 billion, with sales expected to commence in June 2024 and completion anticipated in 2026[120] - The cumulative contract property sales amount for the Shenzhen Time Horizon project reached RMB 45.8 billion, with sales starting in September 2023 and expected completion in 2024[122] - The company’s Shanghai project set a national record with a sales amount of RMB 196.5 billion on its opening day, totaling RMB 387.3 billion in cumulative contract property sales by December 2024, with completion expected in 2025[131] Land Acquisition and Reserves - Total land reserves decreased by 21.2% to 4,255,000 square meters from 5,403,000 square meters[27] - New land reserves added were 416,000 square meters, down 45.5% from 764,000 square meters[27] - The company has acquired 22 land parcels in 12 cities with a total purchase amount of RMB 80.61 billion, leading the industry in land acquisition[81] - The company acquired land in key cities with a total investment amount of RMB 636.2 billion, accounting for 91.4% of the total land acquisition, with RMB 511.6 billion in first-tier cities alone, representing 73.5% of the equity land price[100] - The total land reserve of the company's subsidiaries (excluding China Overseas Hong Kong) is 28.77 million square meters, with an equity construction area of 25.43 million square meters as of December 31, 2024[104] Financial Ratios and Debt Management - The interest coverage ratio fell to 2.8 times from 3.9 times, a decline of 1.12 times[27] - Net gearing ratio improved to 29.2% from 38.7%, a reduction of 9.53 percentage points[27] - The net debt ratio improved to 38.7% in 2023 from 42.9% in 2022, indicating better financial health[41] - The company maintained a debt-to-asset ratio of 55.8% and a net gearing ratio of 29.2%, reflecting a strong financial position[81] - The group’s total borrowings amounted to RMB 241.56 billion, with 11.8% due within one year[196] Dividends - The interim dividend was reduced by 14.3% to HKD 0.30 from HKD 0.35, and the final dividend decreased by 33.3% to HKD 0.30 from HKD 0.45[27] Market Position and Recognition - The company was rated A- by S&P Global, reflecting strong financial performance and governance[54] - The company was recognized as the top real estate developer in China for delivery capability in 2023 by CRIC[44] - The company’s market share in first-tier cities reached the top three, with sales in Shanghai amounting to RMB 70.45 billion, contributing to 60.6% of total sales from its series of companies[79] Commercial Property Development - The company’s commercial property revenue increased by 12.1% year-on-year, reaching RMB 7.13 billion, with a total operational area increase of 300,000 square meters[79] - The company is actively expanding its commercial property operations, with a focus on diverse product offerings and strategic urban positioning[170] - The company reported a total of 123 operational commercial projects, with a combined area of 758,000 square meters[174] - The shopping center business achieved a rental income growth of 34.6% year-on-year, reaching RMB 2.26 billion, with overall occupancy at a high level of 95%[177] Strategic Initiatives and Future Plans - The company aims to launch a series of "Good Houses" in major cities like Beijing and Shanghai by 2025, capitalizing on the opportunity for greater value creation[86] - The company plans to enhance its market presence in first and second-tier cities in mainland China through strategic property development[118] - The company is focusing on developing mixed-use projects in key urban areas, enhancing its market presence and product offerings[133] - The company is focusing on integrating supply chain resources to enhance service capabilities and reduce costs, aiming for a win-win ecosystem in the building materials industry[190]

智通财经4月25日电，中国海外发展称第一季收入为367.3亿元人民币，经营溢利为56.7亿元。 ...

Sales Performance - In Q1 2025, the group achieved contract property sales of RMB 46.42 billion, with a corresponding sales area of 2.19 million square meters[4] - The group's revenue for the three months ended March 31, 2025, was RMB 36.73 billion, and operating profit was RMB 5.67 billion[5] Land Acquisition - The group acquired nine new land parcels in seven cities in mainland China, with a total land reserve of 1.28 million square meters and a total land cost of RMB 27.55 billion[4] Financial Health - The net gearing ratio and financing cost remain at the industry's lowest range, indicating strong financial health[5] - The group is confident in maintaining sustainable high-quality development due to its leading investment, product, sales, and cost advantages[3]

Financial Performance - The group's total revenue was RMB 185.15 billion, compared to RMB 202.52 billion in the previous year, reflecting a decrease[4]. - The profit attributable to shareholders was RMB 15.64 billion, with a core profit of RMB 15.72 billion after excluding the impact of property revaluation and foreign exchange[4]. - Basic earnings per share were RMB 1.43, down from RMB 2.34 in the previous year[4]. - The company reported a year-on-year decrease in total revenue of approximately 9.5% from 2023 to 2024[14]. - Basic and diluted earnings attributable to shareholders for 2024 were RMB 15,635,658, a decline of 38.9% from RMB 25,609,837 in 2023[21]. - The group's audited revenue for the year ended December 31, 2024, was RMB 185.15 billion, with a net profit attributable to shareholders of RMB 15.64 billion[29]. - The group's revenue for the year was RMB 185.15 billion, with an operating profit of RMB 26.69 billion and a gross profit margin of 17.7%[37]. Property Sales and Development - The group's property sales amounted to RMB 310.69 billion, a 0.3% increase, with a corresponding sales area of 11.49 million square meters, down 14% year-on-year[3]. - In 2024, the group achieved contract property sales of RMB 310.69 billion, a year-on-year increase of 0.3%, making it the only top ten Chinese real estate company to report sales growth[28]. - The average contracted sales price per square meter was RMB 27,047, representing a year-on-year increase of 16.6%[38]. - The total construction area completed in 30 cities in mainland China and Hong Kong reached 10.59 million square meters[41]. - The group launched high-end products targeting improvement housing demand, with notable sales including RMB 38.73 billion from the Shanghai Jianguo East Road project, setting a national record for single project annual sales[30]. Land Acquisition - The group acquired 22 new land parcels in 12 cities in mainland China, with a total land reserve area of 4.16 million square meters and a total land cost of RMB 80.61 billion[3]. - The group has consistently ranked first in land acquisition value for two consecutive years, with a focus on high-quality assets in first-tier cities[33]. - The group acquired 22 land parcels in 12 cities in mainland China, with a total land acquisition cost of RMB 80.61 billion, ranking first in the industry for new land purchases[31]. Commercial Property - The group's commercial property revenue increased by 12.1% to RMB 7.13 billion[3]. - The revenue from external customers in the commercial property segment was RMB 6,361,835 thousand for the year ended December 31, 2023[14]. - The group's commercial property revenue increased by 12.1% year-on-year to RMB 7.13 billion, with office rental income of RMB 3.57 billion and shopping center rental income of RMB 2.26 billion[47]. - Nine new commercial properties were put into operation, increasing the total construction area by approximately 300,000 square meters[47]. Financial Position - As of December 31, 2024, total borrowings were RMB 241.56 billion, with a net gearing ratio of 29.2% and an average financing cost of 3.1%[3]. - The group's total assets less current liabilities stood at RMB 643.40 billion, compared to RMB 637.90 billion in the previous year[7]. - The group's total equity attributable to shareholders was RMB 380.61 billion, an increase from RMB 373.02 billion in the previous year[7]. - As of December 31, 2024, the group's net current assets amounted to RMB 373.95 billion, with a current ratio of 2.4 times and a net debt ratio of 29.2%[49]. - The total interest expense for the year decreased by RMB 0.93 billion, with an average financing cost of 3.1%, placing it in the lowest range within the industry[49]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 0.30 per share, totaling HKD 0.60 for the year[3]. - The proposed final dividend for the year ending December 31, 2024, is HKD 0.30 per share, totaling approximately RMB 3,053,623,000, pending shareholder approval[22]. Accounting and Compliance - The company has not adopted any new accounting standards that are expected to have a significant impact on its financial statements[11]. - The company has maintained the classification of its liabilities as current or non-current without any changes due to the recent accounting standard revisions[10]. - The company has begun evaluating the impact of newly issued accounting standards, but significant effects on the consolidated financial statements are not anticipated[11]. - The audit and risk management committee reviewed the accounting policies and audited financial statements for the year ending December 31, 2024[66]. - Ernst & Young confirmed that the financial figures in the performance announcement align with the audited financial statements for the year ending December 31, 2024[67]. Operational Highlights - The group delivered over 72,000 residential units on time, achieving a delivery rate of 100%[56]. - The group has accumulated 673 projects certified under various green building standards, covering a total area of over 11 million square meters[56]. - The group has expanded its light asset management scale, acquiring 18 external light asset management projects in major cities[47]. Credit Rating and Financing - The group received an upgrade in its credit rating from S&P Global from BBB+/Stable to A-/Stable, making it the only real estate company in China with an A- credit rating[49]. - The company issued RMB 3,000 million bonds with a coupon rate of 2.68% on April 23, 2024, maturing on April 24, 2029, to repay existing debts[61]. - The company redeemed RMB 999.2 million of bonds with a coupon rate of 3.85% issued on March 23, 2021, with no remaining value[62]. - The company redeemed RMB 2,000.2 million of bonds with a coupon rate of 3.60% issued on June 23, 2021, with no remaining value[62].