Group 1 - The company reported total contract sales amounting to approximately RMB 13.3 billion for the month ending July 31, 2025, with a total contract sales area of about 461,000 square meters [1] - Cumulative contract sales for the first seven months of 2025 reached approximately RMB 123.6 billion, covering a total contract sales area of around 4.581 million square meters [1] - The company's recurring revenue for July 2025 was approximately RMB 4.17 billion, representing a year-on-year growth of 7.0%, with rental income from property operations amounting to about RMB 2.68 billion, up 12.2% year-on-year [1] Group 2 - Cumulative recurring revenue for the first seven months of 2025 was approximately RMB 28.78 billion, reflecting a year-on-year increase of 7.9%, with rental income from property operations totaling around RMB 18.56 billion, also up 12.2% year-on-year [1]

截至2025年7月31日止一個月未經審核營運數據 華潤置地有限公司(「本公司」)董事會(「董事會」)謹此公佈，截至2025年7月31日止一個月，本公 司及其附屬公司(「本集團」)實現總合同銷售金額約人民幣133.0億元，總合同銷售建築面積約46.1 万平方米，分別按年减少14.2%及36.7%。2025年前7月累計合同銷售金額約人民幣1,236.0億元， 總合同銷售建築面積約458.1万平方米，分別按年减少11.8%及22.9%。 2025年7月，本集團經常性收入約人民幣41.7億元，按年增長7.0%，其中，經營性不動產業務租金 收入約人民幣26.8億元，按年增長12.2%。2025年前7月累計經常性收入約人民幣287.8億元，按年 增長7.9%，其中，經營性不動產業務租金收入約人民幣185.6億元，按年增長12.2%。 上述已披露初步數據取自本集團內部管理記錄，或會變更並可能與本集團按年度或半年度刊發的 經審核或未經審核綜合財務報表所呈現的數字存在差異。這些數據不應被視為本集團過往或將來 的經營或財務表現的指標或測量依據。據此，有關數據僅供參閱而不作其他目的。投資者在買賣 本公司證券時務須小心謹慎，不可依賴 ...

Core Insights - The launch of "Wangyun" by China Resources Land has ignited the high-end improvement market in Jinan, with sales reaching 800 million yuan shortly after opening, making it the top-selling project in the city [3][22][25] Group 1: Product Highlights - **Location Advantage**: Wangyun is situated in a prime area surrounded by three mountains and a reservoir, providing excellent scenery and natural beauty [3][5] - **Architectural Design**: The development follows the natural terrain, with buildings arranged at a 14-degree angle to maximize mountain views from large windows [5][19] - **Community Features**: The project incorporates a unique landscape design inspired by Jinan's "mountain spring" characteristics, creating a seamless connection between the community and surrounding nature [7] Group 2: Innovative Design - **Space Utilization**: The project features a "space magic" concept with staggered floor plans and sky gardens, allowing for high ceilings and flexible living spaces [9][12] - **High Ceiling Heights**: The units have ceiling heights ranging from 3.1 to 3.3 meters, enhancing natural light and spaciousness [12] - **Functional Layout**: The "Four Generations Cloud Villa" units range from 245 to 286 square meters, featuring multiple exclusive sky gardens and a well-designed entryway [12][25] Group 3: Market Positioning - **Understanding Buyer Needs**: China Resources Land has been operating in Jinan for 16 years, gaining insights into the preferences of high-end buyers [22] - **Market Trends**: Data indicates a growing demand for larger units, with 22.38% of transactions in 2024 expected to be for homes over 144 square meters [22] - **Value Proposition**: Wangyun addresses the demand for flexible living spaces, proximity to nature, and a trusted brand, setting a new standard for high-quality housing in Jinan [25][27]

Core Viewpoint - China Resources Land (华润置地) has made a significant investment in Shanghai by acquiring a combination of land parcels in the Pudong New Area and Huangpu District for a total price of 24.47 billion yuan, setting a new record for land prices in 2025 [2][5]. Investment Details - The acquisition involves a joint venture with Shanghai Nan Fang Group, where China Resources Land's subsidiary, Shanghai Hongzhe, holds a 90% stake, indicating an investment of over 22 billion yuan from the company [2][3]. - The land parcels include the Houtan and Yuqingli areas, which will create a "super luxury asset package" in Shanghai's core area, enhancing the company's strategic footprint in the city [5][6]. Market Positioning - In 2024, China Resources Land's total sales in Shanghai were 31.166 billion yuan, trailing behind major competitors like China Overseas Land and Investment and Poly Developments [5][6]. - The luxury property market is seen as a crucial avenue for increasing market share and competitiveness, with high-value projects attracting significant attention [5][7]. Market Dynamics - The luxury real estate market in Shanghai has shown resilience, with a notable increase in transactions for properties priced at 30 million yuan and above, reflecting a 214% growth compared to the average from 2017 to 2023 [7][8]. - The demand for luxury properties has led to a surge in land prices, with recent auctions achieving record high prices per square meter, indicating strong competition among developers for prime locations [8][9]. Future Outlook - The strategic acquisition is expected to bolster China Resources Land's market presence and brand in Shanghai, aligning with the company's long-term development and investment strategy [5][6]. - The ongoing demand for luxury properties and the favorable market conditions are likely to enhance the company's investment returns and commercial influence in the region [5][9].

Group 1 - The core theme of the "Song Aesthetic Exhibition" is to showcase the beauty of Song Dynasty porcelain, particularly the Ru kiln celadon, through the collaboration with intangible cultural heritage master Li Keming [5][9] - The exhibition aims to reflect the lifestyle inspired by Song aesthetics and is part of a broader initiative by China Resources Land to integrate traditional culture into modern living spaces in Ningbo [9][20] - The exhibition is positioned as a prelude to future high-end cultural presentations that will continue to celebrate the elegance of Song culture [9] Group 2 - The project "SENSE VILLA" is designed to embody modern interpretations of Song aesthetics, emphasizing the timeless nature of style and cultural roots [13][14] - The Ningbo Song Aesthetic Center emphasizes the importance of traditional culture as a foundation for architectural design, which can withstand the test of time [18][20] - The project aims to create a luxurious living environment that combines the essence of Song culture with contemporary living, featuring low-density villa designs in a prime location [30][36] Group 3 - The development of "SENSE VILLA" is characterized by a commitment to high-quality, customized living spaces that reflect the cultural heritage of Ningbo [25][53] - The project is designed to foster a sense of community among residents through exclusive cultural events and personalized services, enhancing the living experience [36][60] - The architectural design incorporates elements from Song Dynasty aesthetics, such as traditional roof styles and landscape integration, to create a harmonious living environment [42][48]

Core Viewpoint - The incident highlights a violation by the developer, Ningbo Tongyi Real Estate, a subsidiary of China Resources Land, regarding the unauthorized modification of a parking space originally designated as a micro parking spot to a standard parking space, causing inconvenience to the owner [1] Group 1: Developer Actions - The developer altered the originally planned micro parking space (305) into a standard parking space, which obstructs the normal use of adjacent parking spaces for larger vehicles [1] - The developer has not responded to inquiries regarding the situation, and the owner has expressed frustration over the developer's dismissive attitude during communications [1] Group 2: Regulatory and Compliance Issues - The local traffic police confirmed that the developer violated regulations by extending the parking lines after the completion acceptance, and they have mandated the restoration of the original configuration [1] - The original construction acceptance documents indicated that the micro parking space was supposed to measure 4.3 meters in length and 2.2 meters in width, which was not adhered to in the developer's modifications [1]

8月4日，21世纪经济报道记者在后滩华润置地所拿两宗地块现场所见，华润置地拿下的两宗地已经开 工，进入了桩基施工阶段。这两宗宅地相邻，中间仅隔一条德州路，是该区域体量最大的纯宅地，将提 供2060套房源，限高分别为80米和100米。 目前，地块旁边仅有上海地产集团旗下的"城方"正在运营的保租房项目，租金水平在5800元/月-15888 元/月。 21世纪经济报道记者唐韶葵 8月1日，华润置地公告，联合上海南房，通过股权转让方式，以244.7亿元竞得浦东新区后滩板块和黄 浦区余庆里组合地块。华润置地和上海南房分别按90%及10%比例共同支付，并持有对应比例的股权及 债券。 0:00 ...

记者丨唐韶葵 编辑丨张伟贤 今年7月举行的上海六批次土拍中，一共出让8宗地，光刷新板块地价的就有6宗。各家房企轮番厮杀， 华润置地（01109.HK）克制地报名了3宗地块，且仅有一宗地块是独立参与的，最终颗粒无收。但没过 几天，华润置地还是通过股权交易亮剑了上海土地投资。 8月1日，华润置地公告称，与上海南房联合体，通过股权转让方式，以244.7亿元竞得浦东新区后滩板 块和黄浦区余庆里组合地块。华润置地和上海南房分别按90%及10%比例共同支付，并持有对应比例的 股权及债券。 值得关注的是，若除去此前上海协议出让的地块不算，这是2025年以来，上海乃至全国单次成交总价最 高的地块资产包。该资产包包含上海浦东新区后滩板块耀华路项目及黄浦区余庆里项目。其中，耀华路 项目包含两宗相邻纯住宅用地，中间仅隔一条德州路，两宗地规划为住宅及自持商业区，距离上海世博 文化公园、东方体育中心等公共休闲配套均不到1公里。 目前，地块旁边仅有上海地产集团旗下的"城方"正在运营的保租房项目，租金水平在5800元/月-15888 元/月。 8月4日，21世纪经济报道记者在后滩华润置地所拿两宗地块现场所见，华润置地拿下的两宗地已经开 工 ...

Core Insights - China Resources Land has made a significant investment in Shanghai by acquiring two prime residential land parcels in the Pudong New Area and Huangpu District for a total of 24.47 billion yuan, marking the highest single transaction value for land in Shanghai since 2025 [2][3] - The acquired land will provide 2,060 residential units, with height limits of 80 meters and 100 meters, and is strategically located near key public amenities [3][4] - The company's rapid development pace reflects a shift in its investment strategy, focusing on core urban areas to enhance its market positioning and sales performance [6][8] Company Strategy - China Resources Land's recent land acquisition strategy indicates a pivot towards central urban areas, aiming to leverage its strong product and financial capabilities to capture market share [4][5] - The company has previously established projects in adjacent areas, which may enhance its competitive edge and pricing power in the newly acquired locations [4][6] - The firm is responding to market pressures, as evidenced by a decline in sales and profits, prompting a need for accelerated development to boost revenue [8][9] Market Trends - The trend of state-owned enterprises dominating land acquisitions in Shanghai is evident, with 70% of the land deals in the first half of the year involving state-owned or central enterprises [9] - The shift towards high-end product lines by state-owned enterprises aligns with the growing demand for improved housing in core urban areas, indicating a robust market for premium developments [9]

Core Viewpoint - The article highlights the strategic move by China Resources Land to acquire a significant land package in Shanghai, demonstrating a calculated approach amidst a competitive land auction environment, ultimately positioning the company for future growth and influence in the real estate market [1][5][27]. Group 1: Land Acquisition Details - China Resources Land, in partnership with South Housing Group, secured a land package in Shanghai valued at approximately 244.7 billion, marking it as the highest single transaction in Shanghai and nationwide since 2025 [1][4][3]. - The total expenditure for the eight land parcels auctioned in Shanghai was 289.57 billion, with China Resources Land's acquisition being a substantial portion of this total [2][3]. - The acquired land includes two residential plots in the prime area of Pudong's Houtan, expected to yield 2,060 housing units, and a significant plot in Huangpu, enhancing the company's portfolio in high-demand locations [12][21]. Group 2: Market Context and Strategy - The article notes a shift in Shanghai's land sales strategy, moving towards a model resembling luxury brand allocation, where prime land is selectively distributed to major developers rather than through open bidding [5][6]. - China Resources Land's approach reflects its status as a leading state-owned enterprise, focusing on long-term value and market leadership rather than immediate profit maximization [28][34]. - The company has a strong financial position, having surpassed competitors in profitability, which enables it to undertake large-scale investments without immediate concerns about cash flow [34][36]. Group 3: Future Implications - The acquisition is seen as a pivotal moment for the development of the Houtan area, potentially revitalizing the region and setting a precedent for future projects [12][19]. - The strategic partnership with South Housing Group is expected to enhance operational efficiency and project execution, leveraging both companies' strengths in the competitive Shanghai market [30][27]. - The anticipated development of the acquired plots is projected to significantly increase China Resources Land's market presence and influence in Shanghai, aligning with its broader corporate strategy [29][33].