此 乃 要 件 請 即 處 理 閣 下 如 對 本 通 函 任 何 部 份 或 應 採 取 之 行 動 有 任 何 疑 問，應 諮 詢 閣 下 之 股 票 經 紀 或 其 他 註 冊 證 券 商、銀 行 經 理、律 師、專 業 會 計 師 或 其 他 專 業 顧 問。 閣 下 如 已 將 名 下 之 華 潤 置 地 有 限 公 司 股 份 全 部 售 出，應 立 即 將 本 通 函 連 同 隨 附 本 通 函 之 代 表 委 任 表 格 送 交 買 主 或 經 手 買 賣 之 銀 行、股 票 經 紀 或 其 他 代 理，以 便 轉 交 買 主。 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 通 函 之 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 對 因 本 通 函 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （股份代號：1109） 建 議 購 回 股 份 及 發 行 股 份 之 一 般 授 權 及 重 選 退 任 董 ...

Financial Performance - In 2024, the company's revenue reached RMB 278.8 billion, representing an 11.0% year-over-year increase[11]. - The core net profit for 2024 was RMB 25.4 billion, reflecting an 8.5% decrease compared to the previous year[11]. - The recurring business revenue in 2024 was RMB 41.6 billion, which is a 6.6% increase year-over-year[11]. - The full-year dividend per share for 2024 was RMB 1.319, down 8.5% year-over-year[11]. - Revenue for 2024 reached RMB 278,799 million, reflecting an 11.0% increase from RMB 251,137 million in 2023[84]. - Gross profit for 2024 was RMB 60,334 million, down 4.5% from RMB 63,162 million in the previous year[84]. - Net profit attributable to owners of the Company for 2024 was RMB 25,577 million, a decline of 18.5% from RMB 31,365 million in 2023[84]. - Core net profit attributable to owners of the Company decreased by 8.5% to RMB 25,418 million from RMB 27,774 million[84]. - The gross profit reached RMB60.33 billion, with a comprehensive gross profit margin of 21.6%, down 3.6 percentage points year-on-year[130]. - The gross profit margin for the investment property business increased by 0.4 percentage points year-on-year to 70.0%[130]. Sales and Market Position - The contracted sales for 2024 amounted to RMB 261.1 billion, ranking third in the industry[13]. - Contracted sales for 2024 amounted to RMB 261,100 million, a decrease of 15.0% compared to RMB 307,033 million in 2023[84]. - The Group's contracted sales amounted to RMB261.1 billion, accounting for approximately 2.7% of total commercial housing sales in the PRC, with an industry ranking increase to 3rd place[92]. - Recognised revenue from development properties for 2024 was RMB237.15 billion, representing an increase of 11.8% YoY, while booked GFA decreased by 10.0% YoY to 10.65 million square meters[141]. Asset Management and Investments - By the end of 2024, the asset management scale reached RMB 462.1 billion, an 8.1% increase year-over-year[13]. - The Group acquired 29 projects with an equity investment of RMB52.6 billion, maintaining a focus of 94% on tier-one and tier-two cities[93]. - The Group achieved total comprehensive revenue of RMB278.8 billion in 2024, representing a year-on-year increase of 11.0%[126]. - The investment property business included significant projects such as Changsha MIXc with a total GFA of 255,000 square meters, fully attributable to the group[166]. - The Group acquired 29 high-quality land parcels in 2024, with a total land premium of RMB77.58 billion, adding 3.93 million square meters to its land bank[176][177]. Operational Metrics - The number of operational shopping malls by the end of 2024 was 92, with retail sales of RMB 195.3 billion, up 19.2% year-over-year[13]. - The average occupancy rate for newly opened malls in 2024 was 95.9%[59]. - Retail sales from shopping malls reached RMB195.3 billion, representing approximately 0.4% of national retail sales, with an operating profit margin of 61%[98]. - The total GFA of shopping malls increased by 19.0% YoY to 11.46 million square meters[150]. - The total carrying value of shopping malls after revaluation was RMB212.99 billion, accounting for 18.9% of the Group's total assets[150]. Financial Position and Debt Management - Total assets at year-end 2024 were RMB 1,128,394 million, down 5.3% from RMB 1,191,177 million in 2023[84]. - The total debt at year-end 2024 was RMB 259,782 million, an increase of 8.5% from RMB 239,529 million in 2023[84]. - Cash reserves at the end of 2024 increased by 16.5% year-on-year to RMB133.21 billion, maintaining low total interest-bearing gearing and net gearing ratios[120]. - The net interest-bearing debt-to-equity ratio was 31.9% as of December 31, 2024, down from 32.6% at the end of 2023, indicating a strong financial position[187]. - The Group maintained a low weighted average financing cost of approximately 3.11% as of December 31, 2024, a decrease of 45 basis points from 3.56% at the end of 2023[188]. Employee and Corporate Governance - The total number of employees in mainland China and Hong Kong was 65,785 as of December 31, 2024[200]. - The company offers performance bonuses and other employee benefits, including provident funds and insurance[200]. - The company maintains credit ratings of BBB+, Baa1, and BBB+ from S&P, Moody's, and Fitch respectively[193]. Sustainability and Community Impact - The Group's carbon emission intensity was reduced by 27.16% through energy-saving technologies, achieving zero carbon electricity usage upon opening for Xi'an MIXc[119]. - The Group constructed 19.15 million square meters of affordable housing, contributing to community welfare and rural revitalization[119].

Group 1: Real Estate Developments - Beijing Haidian District has launched pre-application for two residential land plots in Baoshan Village, covering a total area of 52,600 square meters and a total construction area of 110,500 square meters, with a starting transaction price of 6.045 billion yuan [1] - In Sichuan, the provincial government has unified the standards for ordinary and non-ordinary residential properties, and introduced a policy for exemption from land value-added tax under specific conditions [3] Group 2: Housing Loan Policies - In Shaoguan, Guangdong Province, the maximum loan amount for purchasing the first home using housing provident fund has been increased from 700,000 yuan to 800,000 yuan, effective from April 27, 2025 [2] Group 3: Corporate Financial Performance - Xinda Real Estate reported a net loss attributable to shareholders of 209 million yuan in Q1 2025, with operating revenue of 518 million yuan, a year-on-year decline of 34.22% [5] - The company also reported a non-recurring net profit of -206 million yuan, a decrease of 1.09% year-on-year, with basic earnings per share at -0.07 yuan [5] Group 4: Corporate Financing Activities - China Resources Land issued 2.5 billion yuan of medium-term notes with a term of 5 years and an interest rate of 2.19%, with an issuance amount reaching 2.5 billion yuan against a maximum of 4 billion yuan [4]

Core Viewpoint - The Hang Seng High Dividend Yield Index (HSSCHKY) has shown positive performance, with significant increases in constituent stocks, indicating a potential recovery in the Hong Kong real estate market and overall economic stability [2]. Group 1: Market Performance - As of April 25, 2025, the HSSCHKY index rose by 0.85%, with notable increases in stocks such as China Resources Land (4.64%) and China Overseas Development (3.76%) [2]. - The Bosera Hang Seng High Dividend ETF (513690) increased by 1.20%, with a latest price of 0.93 yuan and a trading volume of 16.6197 million yuan [2]. - Over the past year, the Bosera Hang Seng High Dividend ETF has seen an average daily trading volume of 78.9566 million yuan [2]. Group 2: Economic Measures - A recent State Council meeting focused on stabilizing employment and the economy, emphasizing the need to maintain a stable stock market and promote healthy development in the real estate sector [2]. - Despite a slight decline in new home sales and falling second-hand home prices, historical trends suggest that the real estate sector often rebounds before the fundamentals stabilize, supported by strong expectations for new policies [2]. Group 3: ETF Performance Metrics - The Bosera Hang Seng High Dividend ETF has a current size of 3.731 billion yuan, with net inflows remaining balanced recently [3]. - The ETF's net value increased by 22.27% over the past year, with a maximum monthly return of 24.18% since inception [3]. - The ETF's Sharpe ratio for the past year is 1.48, indicating a favorable risk-adjusted return [3]. Group 4: Index Composition - As of April 24, 2025, the top ten weighted stocks in the HSSCHKY index account for 28.32% of the index, with Yanzhou Coal Mining (4.39%) and Hang Lung Properties (3.38%) being the most significant [4][6].

（於開曼群島註冊成立的有限公司） (股份代號: 01109.HK) 截至2025年3月31日止一個月未經審核營運數據 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，概不對因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。 2025年3月，本集團經常性收入約人民幣40.0億元，按年增長8.5%，其中，經營性不動產業務租金 收入約人民幣25.7億元，按年增長12.3%。2025年前3月累計經常性收入約人民幣123.9億元，按年 增長10.6%，其中，經營性不動產業務租金收入約人民幣80.3億元，按年增長12.6%。 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，不可依賴前述已披露信息。投資者如有任何疑問應向專業顧問徵求 意見。 承董事會命 華潤置地有限公司 主席 李欣 中國， ...

華 潤 置 地 有 限 公 司 （「公 司」或「本 公 司」） 執 行 委 員 會 （根 據 董 事 會 於2017年4月18日 通 過 之 決 議 案 成 立） 之 職 權 範 圍 書 （經 董 事 會 於2017年4月18日 採 納 並 於2025年3月25日 修 訂） 釋 義 成 立 成 員 秘 書 公 司 的 公 司 秘 書 應 擔 任 委 員 會 秘 書（「秘 書」）。董 事 會 可 不 時 委 任 任 何 其 他 具 備 適 當 資 格 及 經 驗 的 人 士 擔 任 秘 書。 – 1 – 權 力 – 2 – 1. 會 議 通 告 應 提 前 發 出，並 應 由 主 席 召 開 及 主 持 會 議。 2. 秘 書 或 其 代 表 負 責 準 備 會 議 議 程。 3. 主 席 應 確 保 所 有 成 員 均 具 有 充 足 及 時 的 資 訊 以 便 在 會 議 中 進 行 有 效 的 討 論。 4. 秘 書 須 在 每 次 會 議 結 束 後 的 一 段 合 理 時 間 內，將 會 議 形 成 紀 要，包 含 議 題 描 述、會 議 決 定 等 內 容，發 給 所 有 成 員 傳 閱，以 供 成 ...

Core Viewpoint - China Resources Land reported a revenue increase but a significant decline in net profit, highlighting the challenges faced by leading companies in the real estate sector during a period of deep adjustment [2][3]. Financial Performance - In 2024, the company's total revenue reached 278.8 billion yuan, a year-on-year increase of 11%, marking a five-year high [2]. - However, net profit attributable to shareholders decreased by 18.45% to 25.6 billion yuan, the lowest level in five years [2]. Profitability and Margin Analysis - The overall gross margin has dropped from 30.9% in 2020 to 21.6% in 2024, with a significant decline in the gross margin of development sales from 29.1% to 16.8% over the same period [3]. - Despite strong performance in operational real estate, with a gross margin of 70%, the scale of this segment is insufficient to offset the profit gap from development sales [3]. Sales Strategy and Market Response - The decline in development sales margins is attributed to a "price for volume" strategy, with price reductions implemented across various projects to stimulate sales [3]. - For instance, the average transaction price for a project in Beijing was reduced by 5,000 yuan per square meter, resulting in a direct loss of 219 million yuan [3]. Operational Real Estate Performance - The operational real estate segment showed strong results, with retail sales reaching 195.3 billion yuan and an operating profit margin of 61% [4]. - The rental rate for office buildings remained at 75%, maintaining a leading position in the industry [4]. Strategic Focus and Future Outlook - The company emphasizes a focus on first- and second-tier cities, with 94% of investments concentrated in these areas, and 72% in core cities like Beijing, Shanghai, and Hangzhou [5]. - Looking ahead to 2025, the company aims to optimize its development sales and operational real estate strategies while enhancing asset value and solidifying its position in the market [5].

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，概不對因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。 ( 於開曼群島註冊成立之有限公司 ) (股份代號 : 1109) 根據上市規則第 13.18 條作出的公告 本公告乃根據上市規則第 13.18 條，就本公司與貸款人訂立的該融資協議而作出。該 融資協議訂明（其中包括）對華潤集團設有特定履約責任。 本公告乃由華潤置地有限公司(「本公司」)根據香港聯合交易所有限公司證券上市規則 ( 「上市規則」)第13.18條而作出。 定期貸款融資協議 於二零二五年三月二十六日，本公司作為借款人，與一家銀行作為貸款人(「貸款人｣）， 就壹億整美元的定期貸款融資(「該貸款融資」)，訂立一份貸款融資協議(「該融資協議｣ ）。該貸款融資期限為自該貸款融資被提取款項或擬被提取款項之日起計三年。 華潤(集團)有限公司(「華潤集團」)的特定履約責任 根據該融資協議，如：(i)華潤集團不再為於本公司已發行股本中實益擁有及控制(直接或 間接)合共不少於 35%的單一最大股東，或(ii)華潤 ...

| 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，概不對因 | | | --- | --- | | 公告全部或任何部份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。 | | | | 股票發行人現金股息（可選擇貨幣）公告 | | 發行人名稱 | 華潤置地有限公司 | | 股份代號 | 01109 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二四年十二月三十一日止年度的末期股息 | | 公告日期 | 2025年3月25日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2024年12月31日 | | 宣派股息的報告期末 | 2024年12月31日 | | 宣派股息 | 每 股 1.119 RMB | | 股東批准日期 | 2025年6月6日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | HKD， 金額有待公佈 | | 匯率 | 有待公佈 | | 第一 ...

Financial Performance - The consolidated revenue for the fiscal year 2024 reached RMB 278.8 billion, representing an 11.0% year-on-year growth[2]. - The revenue from development and sales business amounted to RMB 237.15 billion, with an 11.8% increase compared to the previous year[2]. - The net profit attributable to shareholders was RMB 25.58 billion, while the core net profit reached RMB 25.42 billion, with a contribution from regular business core net profit of RMB 10.34 billion, increasing by 6.3 percentage points to 40.7%[2]. - The company reported a total revenue of RMB 278,799,425 thousand for the year ending December 31, 2024, an increase from RMB 251,137,103 thousand in 2023, representing a growth of approximately 11%[4]. - The total comprehensive income for the year was RMB 33,869,044 thousand, compared to RMB 37,596,247 thousand in the previous year, a decrease of approximately 10%[5]. - The company reported a net profit attributable to the company's equity holders was RMB 25,577,359 thousand for 2024, down from RMB 31,365,372 thousand in 2023, reflecting a decline of approximately 18%[4]. - The company’s basic earnings per share decreased to RMB 3.59 from RMB 4.40 year-over-year, a decline of about 18%[4]. - The company’s finance costs increased to RMB 3,181,775 thousand from RMB 1,743,918 thousand, representing an increase of approximately 82%[4]. - The company’s income tax expense for the year was RMB 24,549,743 thousand, compared to RMB 29,134,131 thousand in the previous year, a decrease of about 16%[4]. Dividends - The company proposed a final dividend of RMB 1.119 per share, leading to a total annual dividend of RMB 1.319 per share for fiscal year 2024[3]. - The interim dividend for 2024 is proposed at RMB 0.200 per share, slightly up from RMB 0.198 per share in 2023[28]. - The final dividend for 2024 is proposed at RMB 1.119 per share, down from RMB 1.243 per share in 2023[28]. - The final dividend for the year ending December 31, 2023, is RMB 1.243 per share, amounting to approximately RMB 8,874,504,000, which was approved at the annual general meeting on June 7, 2024[29]. Assets and Liabilities - As of the end of fiscal year 2024, total borrowings amounted to RMB 259.78 billion, with cash and bank balances of RMB 133.21 billion, resulting in a net debt-to-equity ratio of 31.9%[3]. - The company’s total assets increased to RMB 1,200 billion, up from RMB 1,100 billion in the previous year, indicating a growth of approximately 9%[5]. - The company’s total liabilities increased from RMB 584,205,857 thousand in 2022 to RMB 625,030,559 thousand in 2023, reflecting a growth of about 7.0%[7]. - The company’s total liabilities to equity ratio increased from 2.15 in 2022 to 2.34 in 2023, indicating a higher leverage position[7]. - The group’s total debt amounted to RMB 259.78 billion, with a net debt to equity ratio of 31.9%, down 0.7 percentage points from 32.6% at the end of 2023[81]. Revenue Streams - The total revenue from customer contracts recognized at a specific point in time was RMB 237,470,531 thousand, while revenue recognized over a period was RMB 31,742,318 thousand[16]. - The revenue from rental income was RMB 16,673,237 thousand for the fiscal year ending December 31, 2024[16]. - The group achieved a development property revenue of RMB 237.15 billion, an increase of 11.8% year-on-year, with a settlement area of 10.65 million square meters, a decrease of 10.0% year-on-year[63][64]. - The group reported a total estimated asset value of RMB 212.99 billion for shopping centers, accounting for 18.9% of the group's total assets[67]. Operational Highlights - The total contracted sales amount for the year was RMB 261.1 billion, ranking third in the industry, with a contracted area of 11.34 million square meters[3]. - The company signed contracts worth RMB 261.1 billion, accounting for approximately 2.7% of the national commercial housing sales total, ranking third in the industry[40]. - The retail revenue from shopping centers reached RMB 195.3 billion, representing about 0.4% of the national total retail sales of consumer goods, with an operating profit margin of 61%[42]. - The company’s hotel management business generated operating revenue of RMB 2.07 billion, with a continued solid competitive advantage in the region[43]. - The company’s shopping centers opened 16 new locations, achieving the highest number in history, with an average opening rate exceeding 95%[42]. Investment and Growth - The company acquired 29 projects with equity investments totaling RMB 52.6 billion, maintaining a strong investment intensity in the industry[40]. - The group increased its land reserves by acquiring 29 quality land parcels at a total cost of RMB 77.58 billion, adding a total construction area of 3.93 million square meters[75]. - The group plans to maintain a prudent investment strategy focusing on key cities to ensure financial stability and effective investment growth[80]. Sustainability and Corporate Governance - The company was ranked 7th in the "Central Enterprise ESG Pioneer 100" list and 10th in the "China ESG Listed Company Pioneer 100" list, reflecting its commitment to sustainable development[50]. - The company has implemented dynamic monitoring of foreign exchange risk and will adjust strategies based on market conditions[87]. - The company has adhered to corporate governance codes and clarified the division of responsibilities between the chairman and the CEO as of December 23, 2024[90]. Employee and Credit Ratings - The total number of employees in mainland China and Hong Kong was 65,785 as of December 31, 2024[89]. - The company maintained credit ratings of BBB+, Baa1, and BBB+ from S&P, Moody's, and Fitch respectively in 2024[85].