Core Viewpoint - Country Garden (碧桂园) is expected to report a net loss for the first half of 2023 due to declining sales in the real estate sector, decreased gross profit margins, increased impairment of property projects, and significant foreign exchange losses [1][2]. Group 1: Financial Performance - For the first half of 2023, Country Garden anticipates an unaudited net loss, contrasting with a net profit of approximately 1.91 billion yuan in the same period of 2022 [1]. - In 2022, Country Garden reported a net loss attributable to shareholders of 6.05 billion yuan, with a core net profit of about 2.612 billion yuan after excluding fair value changes and foreign exchange losses [2]. - The company's sales performance in the first half of 2023 was ranked fifth nationally, with sales amounting to 167.88 billion yuan [2]. Group 2: Reasons for Loss - The anticipated net loss is attributed to three main factors: prolonged market downturn affecting low-margin projects, significant impairment provisions for inventory, and substantial foreign exchange losses due to the appreciation of the US dollar [1][2]. - The company has indicated that the current market downturn has exceeded expectations, leading to adjustments in project pricing and sales strategies to ensure cash flow safety [1]. Group 3: Strategic Responses - To ensure cash flow safety, the company plans to implement various strategies, including reducing operational expenses, accelerating payment collections, and exploring financing channels [2]. - Country Garden aims to deliver 700,000 housing units this year, having already completed the delivery of 278,000 units in the first half, maintaining a leading position in the industry [2]. Group 4: Industry Context - The real estate sector is facing significant challenges, with 31 out of 52 listed real estate companies in the A-share market expected to report losses for the first half of 2023 [3]. - The low gross profit margins and flexible sales strategies mentioned by Country Garden are common issues contributing to losses across the industry [3].

Core Viewpoint - Country Garden is seeking to extend the maturity of its bond "16 Bi Yuan 05" due to debt pressure, marking its first attempt to extend a bond under current financial strain [1][2]. Group 1: Bond Extension Details - The bond "16 Bi Yuan 05" has a current balance of 3.904 billion yuan and is set to mature on September 2, 2023 [1]. - The proposed extension plan involves a three-year maturity extension with seven repayment installments, starting with 6% of the principal in the first three months post-maturity [1]. - The repayment schedule includes 10% in September 2024, 15% in September 2025, 25% in March 2026, and 44% in September 2026 [1]. Group 2: Risk Mitigation and Investor Confidence - Unlike other real estate companies that have deferred interest payments, Country Garden plans to fully transfer accrued unpaid interest from September 2, 2022, to September 1, 2023, on September 1, 2023 [2]. - The company will also pledge equity rights from several project companies as collateral to enhance creditworthiness [2]. - Analysts note that the extension plan is characterized by a cautious approach, reducing the risk of further extensions and aligning with the company's sustainable development strategy [2][3]. Group 3: Operational Context and Future Outlook - Country Garden has delivered nearly 700,000 homes in 2022 and the first half of 2023, with an estimated 400,000 homes to be delivered in the second half of 2023 [3]. - The company’s regulatory account balance and receivables from sold properties are expected to cover future delivery obligations, although cash flow is tightly managed [3]. - The company must prioritize project delivery to unlock funds from regulatory accounts, which will then be available for debt repayment [4].

9月5日，有消息称碧桂园完成两笔合计2250万美元的境外债票息支付，《证券日报》记者从碧桂园处确 认了此事。据了解，这两笔境外债票息本应于8月7日支付，但当时碧桂园方面并未如期支付，这也令公 司陷入不小的偿债风波，目前该笔票息已在30日支付宽限期内支付。 "在宽限期内完成两笔合计2250万美元的境外债票息支付，意味着碧桂园没有出现实质性违约。"中指研 究院企业研究总监刘水向《证券日报》记者表示，此举意味着碧桂园在积极自救，全力以赴化解阶段性 流动压力，对公司恢复正常经营存有决心和信心。 流动性危机暂时解除 易居研究院研究总监严跃进向《证券日报》记者表示，股价上涨说明市场前景的变化，也说明企业的基 本面在持续改善，且低估的价值被认可。 "近期房企在债务重组、恢复经营等方面取得明显成效，如融创北京项目壹号院开盘当日销售额达52亿 元，企业的销售等经营活动在快速恢复。"刘水表示，这也给了投资者更大信心。 上述两笔债券均在新加坡交易所上市，发行规模均为5亿美元，其中一笔为票息4.2%、期限5.5年的可赎 回债，将于2026年2月6日到期；另一笔为票息4.8%、期限10年的可赎回债，将于2030年8月6日到期。 股价几 ...

继9笔境内债全部实现展期后，碧桂园（02007.HK）在公开债务管理方面又传来新消息。10月10日早 间，碧桂园发布公告称，将积极推进境外债务管理措施，公平公正地制定整体解决方案来实现长期、可 持续的资本结构。 公告显示，碧桂园已聘请中国国际金融香港证券有限公司和华利安诺基（中国）有限公司担任财务顾问 及盛德律师事务所担任法律顾问，协助评估公司的资本结构及流动性状况，并制定整体的解决方案。 碧桂园称，截至公告日，公司尚未支付某债务项下本金金额为4.7亿港元的到期款项，公司也预期无法 如期或在相关宽限期内履行其所有境外债务款项的偿付义务，包括但不限于本公司发行的美元债券项下 的偿付义务，该等未付款项可能导致相关债权人要求相关债务的义务加速履行或采取强制行动。 其中，保交付仍被碧桂园视为至关重要的核心工作。截至2023年9月30日，碧桂园及其合资企业和联营 公司年内累计交付房屋共约42万套，累计交付面积约5112万平方米，交付项目涉及31个省份、235个城 市，部分项目实现提前交付。 "在行业暂未走出困境且情况不明的条件下，修修补补式的短期方案无法解决问题，也很难保障境外债 权人和利益相关方的整体利益。制定境外债 ...

Group 1 - Country Garden announced that the hearing for its liquidation petition has been postponed to January 5, 2026 [1]

COUNTRY GARDEN HOLDINGS COMPANY LIMITED 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。 碧桂園控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2007） 有關清盤呈請的信息更新 有關清盤呈請的信息更新 茲提述碧桂園控股有限公司（「本公司」）日期為2024年2月28日、2024年3月4日、 2024年5月17日、2024年6月6日、2024年7月29日、2025年1月9日、2025年1月20 日、2025年4月11日及2025年5月26日的公告（合稱「該等公告」）。除另有所指外，本 公告所用詞彙與該等公告所界定者具有相同涵義。 本公司宣佈，高等法院於2025年8月7日批准了本公司、呈請人、協調委員會及專案 小組就原定於2025年8月11日舉行的呈請聆訊提出的聯合延期申請。呈請聆訊現被 延期至2026年1月5日。 – 1 – 本公司將就有關呈請的任何重大發展知會其股東及投資者，並適時另行刊發公告。 本公 ...

FF301 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 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: 碧桂園控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年8月6日 I. 法定/註冊股本變動 | 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) | 02007 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | HKD | | 0.1 HKD | | 10,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 100,000,000,000 | HKD | | 0.1 HKD | | 10,00 ...

Group 1 - The core viewpoint of the article highlights the performance of the China Securities Hong Kong Property Management and Services Theme Index, which has shown a monthly increase of 1.63%, a three-month increase of 1.58%, and a year-to-date increase of 13.57% [1][2] - The index consists of 30 listed companies involved in property management services, community value-added services, and non-owner value-added services, reflecting the overall performance of the Hong Kong market in this sector [1][2] - The index is based on a reference date of December 31, 2019, with a base point of 1000.0 [1] Group 2 - The top ten weighted companies in the index include Poly Property (10.97%), Greentown Service (10.69%), Wanwo Cloud (10.21%), Yongsheng Service (9.87%), Evergrande Property (9.86%), Country Garden Services (9.84%), Sunac Services (9.79%), Yasheng Life Service (9.75%), China Overseas Property (9.66%), and China Resources Mixc Life (9.36%) [1] - The index is exclusively composed of companies listed on the Hong Kong Stock Exchange, with a 100% representation in the real estate management sector [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day following the second Friday of June and December each year [2]

碧桂园(02007)发布公告，本公司及其附属公司(本集团)，连同其合营公司和联营公司于2025年7月单月 共实现归属本公司股东权益的合同销售金额约人民币27.7亿元，归属本公司股东权益的合同销售建筑面 积约32万平方米。 ...

智通财经APP讯，碧桂园(02007)发布公告，本公司及其附属公司(本集团)，连同其合营公司和联营公司 于2025年7月单月共实现归属本公司股东权益的合同销售金额约人民币 27.7亿元，归属本公司股东权益 的合同销售建筑面积约 32万平方米。 ...