公司更新数据显示，2025年总合约销售额录得2,500亿元，同比下降20%;而权益土地收购金额则加速至 924亿元，同比增长33%，为2026年的强劲销售增长提供支持。 瑞银发布研报称，中国海外发展(00688)管理层预计2025年盈利将同比跌高双位数，收入则大致持平。 全年确认毛利率将较2025上半年进一步下跌，且公司预期2025年存货减值将与2024年的16亿元人民币 (下同)相若。公司指引派息比率将维持30%不变。该行现予目标价15港元及"中性"评级。 ...

公司更新数据显示，2025年总合约销售额录得2,500亿元，同比下降20%; 而权益土地收购金额则加速至 924亿元，同比增长33%，为2026年的强劲销售增长提供支持。 智通财经APP获悉，瑞银发布研报称，中国海外发展(00688)管理层预计2025年盈利将同比跌高双位数， 收入则大致持平。全年确认毛利率将较2025上半年进一步下跌，且公司预期2025年存货减值将与2024年 的16亿元人民币(下同)相若。公司指引派息比率将维持30%不变。该行现予目标价15港元及"中性"评 级。 ...

Group 1 - The core point of the article is that China Overseas Development (00688) announced the issuance of corporate bonds by China Overseas Enterprise Development Group Co., Ltd., with a total issuance scale not exceeding 2.5 billion yuan [1] - The bonds are divided into two types: Type One (bond code: 524623; bond abbreviation: 26 Zhonghai 01) is a 3-year fixed-rate bond, and Type Two (bond code: 524624; bond abbreviation: 26 Zhonghai 02) is a 5-year fixed-rate bond [1] - The final coupon rates for the bonds were determined after consultation between the issuer and the book manager, with Type One set at 1.80% and Type Two at 2.10% [1]

Group 1 - The core announcement is that China Overseas Development (00688) has issued a notice regarding the public issuance of corporate bonds by China Overseas Enterprise Development Group Co., Ltd. aimed at professional investors, with a total issuance scale not exceeding 2.5 billion yuan [1] - The bonds are divided into two varieties: the first type (bond code: 524623; bond abbreviation: 26 Zhonghai 01) is a 3-year fixed-rate bond, while the second type (bond code: 524624; bond abbreviation: 26 Zhonghai 02) is a 5-year fixed-rate bond [1] - The final coupon rates for the bonds have been determined through consultation between the issuer and the book manager, with the first type having a coupon rate of 1.80% and the second type having a coupon rate of 2.10% [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，並明確表示概不會就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。 （於香港註冊成立之有限公司） （股份代號：688） 海外監管公告 本海外監管公告乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市 規則」）第13.10B條刊發。 中國海外發展有限公司（「本公司」）於二零二六年一月九日刊發了關於中海企業發展 集團有限公司（本公司全資附屬公司）2026年面向專業投資者公開發行公司債券（第一 期）的公告。 根據有關規定，中海企業發展集團有限公司已經於深圳證券交易所網站 （http://www.szse.cn）上載了《關於延長中海企業發展集團有限公司2026年面向專業投 資者公開發行公司債券（第一期）簿記建檔時間的公告》及《中海企業發展集團有限公 司2026年面向專業投資者公開發行公司債券（第一期）票面利率公告》。 為遵守上市規則第13.10B條，該等上載資料亦刊登於聯交所「披露易」中文版網站 （https://www.hkexnews.hk）。 承董事局命 中國海 ...

Core Viewpoint - China Overseas Development (00688) has announced the issuance of corporate bonds not exceeding 15 billion yuan, with a total issuance scale of up to 2.5 billion yuan for the first phase [1] Group 1: Bond Issuance Details - The issuer, China Overseas Enterprise Development Group Co., Ltd., has received approval from the China Securities Regulatory Commission for the public issuance of bonds [1] - The bonds will be issued in two varieties: "26 Zhonghai 01" with a code of 524623 and "26 Zhonghai 02" with a code of 524624 [1] - The first variety has a term of 3 years, while the second variety has a term of 5 years, both with inter-variety transfer options [1] Group 2: Financial Terms - The total issuance scale for this phase is capped at 25 billion yuan, with each bond having a face value of 100 yuan and a maximum issuance of 25 million bonds [1] - The coupon rate inquiry range for the first variety is set between 1.60% and 2.60%, while the second variety's inquiry range is between 1.80% and 2.80% [1] - The issuer and the lead underwriter will conduct a rate inquiry on January 12, 2026, to determine the final coupon rates based on investor interest [1]

Core Viewpoint - China Overseas Development (00688) has announced the issuance of corporate bonds with a total face value of up to 15 billion RMB, approved by the China Securities Regulatory Commission [1] Group 1: Bond Issuance Details - The issuer, China Overseas Enterprise Development Group Co., Ltd., will issue bonds in two varieties: "26 Zhonghai 01" and "26 Zhonghai 02" [1] - The total issuance scale is capped at 25 billion RMB, with each bond having a face value of 100 RMB and a maximum issuance of 25 million bonds [1] - The first variety has a maturity of 3 years, while the second variety has a maturity of 5 years, both with inter-variety reallocation options [1] Group 2: Interest Rate Information - The interest rate inquiry range for the first variety is set between 1.60% and 2.60%, while the second variety's range is between 1.80% and 2.80% [1] - The issuer and the lead underwriter will conduct a rate inquiry on January 12, 2026, to determine the final interest rates based on investor feedback [1]

Group 1 - The core viewpoint of the article is that Bank of America Securities is optimistic about the real estate market due to recent discussions in the "Qiushi" magazine, anticipating more proactive real estate policies, particularly mortgage subsidies, to be introduced in March and April [1] - Bank of America Securities favors companies with strong execution capabilities, such as China Resources Land, China Overseas Development, and Jianfa International Group [1] - China Resources Mixc Life is expected to benefit from any consumer stimulus measures [1] Group 2 - The rating for Wanwu Cloud has been upgraded to "Neutral" as the worst-case scenario seems to be reflected in the stock price [1] - The potential transfer of control to Shenzhen Metro is seen as a positive event-driven opportunity for Wanwu Cloud [1]

来源：环球网 【环球网综合报道】1 月 7 日，中国海外发展有限公司发布公告，披露其2025年12月及全年物业销售和 新增土地数据。 公告显示，于2025年12月，中国海外系列公司的合约物业销售金额约398.32亿元（人民币，下同），按 年下跌1.0%；相应的销售面积约为133.24万平方米，按年上升2.4%。 2025年1月—12月，中国海外系列公司累计合约物业销售金额约2512.31亿元，相应的累计销售面积约 1056.08 万平方米，分别按年下跌19.1%及8.1%。 此外，截至2025年12月31日，中国海外系列公司录得已认购物业销售约28.28亿元，预期将于往后数月 内转化为合约物业销售。 公告还披露，2025年12月，中国海外发展新增土地涵盖长沙、深圳及北京三幅地块，权益建筑面积约 21.29万平方米，权益地价约44.06亿元。2025年1月-12月，新增土地累计权益建筑面积约444.55万平方 米，累计权益地价约924.23亿元。 此外，2025年12月，中国海外宏洋集团新增土地涵盖宁夏回族自治区银川市、安徽省合肥市、山东省济 宁市、福建省泉州市及甘肃省兰州市五幅地块，权益建筑面积约75.82万 ...

Group 1 - The core point of the article is that China Overseas Development reported a slight decline in contract property sales for December 2025 compared to the previous year, despite an increase in sales area [1] Group 2 - In December 2025, the total contract property sales amount to approximately 39.832 billion yuan, representing a year-on-year decrease of 1% [1] - The corresponding sales area for the same period is approximately 1.3324 million square meters, showing a year-on-year increase of 2.4% [1]