Core Viewpoint - The operating conditions of listed real estate companies remain challenging, with Country Garden expecting a significant increase in losses for the first half of 2025 compared to the same period in 2024 [1][2][3]. Group 1: Financial Performance - Country Garden anticipates a loss between 18.5 billion to 21.5 billion yuan for the first half of 2025, an increase from a loss of 15.1 billion yuan in the same period of 2024 [1][3]. - The losses are attributed to a decline in the scale of real estate project settlements, persistently low gross margins, and increased asset impairments in property projects [2][4]. - Over 60% of listed real estate companies in Shanghai and Shenzhen reported losses in the first half of 2025, marking a 1.1 percentage point increase from the previous year [4]. Group 2: Debt Management - Despite the losses, Country Garden is actively working to mitigate debt risks through proactive communication with stakeholders and restructuring efforts [5]. - The company has made progress in restructuring approximately 14.1 billion USD of offshore debt, with significant support from creditors [6][7]. - Country Garden aims to complete the proposed restructuring by the end of 2025, focusing on improving operational efficiency and adapting to new market conditions [7].

恒生指数公司8月22日晚宣布截至2025年6月30日的恒生指数系列季度检讨结果，其中，碧桂园 (2007.HK)获纳入恒生综合指数，变动将于9月5日(星期五)收市后实施，并于9月8日(星期一)起生效。 本文源自：金融界AI电报 ...

Core Viewpoint - Country Garden issued a profit warning, expecting a loss between 18.5 billion yuan and 21.5 billion yuan for the first half of 2025, primarily due to a decline in the scale of real estate project settlements, low gross margins, and increased asset impairment in property projects [1] Group 1 - The company completed the delivery of approximately 74,000 housing units in the first half of the year, including those from joint ventures and associates [1] - The company is actively managing debt risks by communicating with stakeholders to promote overall restructuring of overseas debt, reasonable extension of debt maturities, and moderate reduction of financing costs [1] - The company aims to gradually build a long-term and sustainable healthy capital structure [1]

8月22日晚，碧桂园公告称，对比截至2024年6月30日止半年度的期内亏损约人民币151亿元，预计截至2025年6月30日止半年度的期内损失介乎约人民币 185亿元至215亿元。预计期内损失主要是由于房地产开发项目结算规模下降，毛利率仍处低位，以及物业项目的资产减值增加所致。 同时，集团高度重视债务风险化解，通过积极主动与各利益相关方沟通，推动包括境外债务的整体重组、债务期限的合理延长以及融资成本的适度降低等 多种主动债务管理举措，致力于逐步搭建长期及可持续的健康的资本结构。 碧桂园称，将继续全力以赴推动经营改善，通过组织架构和资源配置有序调整，保障阶段性战略与目标实现，加快构建适应房地产新模式的核心能力，推 动公司早日回归良性的发展循环。 碧桂园在公告中表示，集团保持生产经营稳定，通过执行极限收支的策略，高效利用资源，并建立多样化的动态机制，强化计划运营管理体系。在报告期 内，集团连同其合资企业和联营公司累计完成交付房屋约7.4万套。 来源：上海证券报 编辑：菡木 ...

近日，碧桂园发布公告，公司就境外债务重组建议已与银行协调委员会协定主要条款，协调委员会占现 有银团贷款本金总额的49%，其成员已加入重组支持协议，或正履行内部程序以取得加入批准。碧桂园 同时表示，已获得持有大量现有债务的债权人大力支持，公司正与项目小组及协调委员会就正式文件紧 密合作，力争在2025年年底前完成建议重组。 进入下半年，多家房企的债务重组取得积极进展。据中指研究院的统计，截至2025年8月，完成境内及 境外债重组的企业有融创、富力、奥园、远洋、时代中国、龙光等房企。境外债重组获批的企业有旭 辉、佳兆业、禹洲地产、世茂、碧桂园等。截至2025年8月，共有20家出险房企债务重组或重整计划获 批准，化债总规模突破1.2万亿元。 8月22日，碧桂园在港交所公告，预计截至2025年6月30日止半年度的期内亏损介乎约185亿元至215亿 元，预计期内亏损主要是由于房地产开发项目结算规模下降，毛利率仍处低位以及物业项目的资产减值 增加所致。 据悉，集团保持生产经营稳定，通过执行极限收支的策略，高效利用资源，并建立多样化的动态机制， 强化计划运营管理体系。在报告期内，本集团连同其合资企业和联营公司累计完成交付房 ...

Core Viewpoint - Country Garden (02007.HK) continues to face significant financial pressure, with projected losses for the first half of 2025 estimated between 18.5 billion to 21.5 billion RMB [1][2] Financial Performance - The company's losses have widened compared to a loss of 15.1 billion RMB in the same period of 2024 [2] - For 2023, Country Garden reported a net loss of 178.4 billion RMB, which decreased to a loss of 32.8 billion RMB in 2024, totaling approximately 211.2 billion RMB in losses over the two years [3] Debt Restructuring - Country Garden has made significant progress in its offshore debt restructuring, with key terms agreed upon with the coordinating committee as of August 19, 2025 [3] - The coordinating committee represents 49% of the total principal amount of existing syndicated loans, with over 77% of the second category of debt holders signing the restructuring support agreement [3][4] - The company aims to complete the debt restructuring by the end of 2025, which is crucial for the overall health of the real estate sector [4] Operational Strategy - Despite financial challenges, Country Garden is focused on maintaining operational stability, implementing strict cost management strategies, and enhancing resource utilization [4] - The company delivered approximately 74,000 housing units in the reporting period [4] - For the first half of the year, Country Garden achieved equity sales of 16.75 billion RMB, a decline of 35.45% compared to 25.95 billion RMB in the same period last year [4]

0:00 8月22日，碧桂园公告，预计截至2025年6月30日止半年度的期内损失介乎约人民币185亿元至人民币215 亿元，对比截至2024年6月30日止半年度的期内亏损约人民币151亿元。预计期内损失主要是由于房地产 开发项目结算规模下降，毛利率仍处低位，以及物业项目的资产减值增加所致。 ...

人民财讯8月22日电，碧桂园8月22日在港交所公告，预计截至2025年6月30日止半年度的期内损失介乎 约185亿元至215亿元。预计期内损失主要是由于：1.房地产开发项目结算规模下降，毛利率仍处低位； 2.结合行业、市场和经营环境变化，物业项目的资产减值增加。 ...

本集团保持生产经营稳定，通过执行极限收支的策略，高效利用资源，并建立多样化的动态机制，强化 计划运营管理体系。在报告期内，本集团连同其合资企业和联营公司累计完成交付房屋约7.4万套。同 时，本集团高度重视债务风险化解，通过积极主动与各利益相关方沟通，推动包括境外债务的整体重 组、债务期限的合理延长以及融资成本的适度降低等多种主动债务管理举措，致力于逐步搭建长期及可 持续的健康的资本结构。 碧桂园(02007)发布公告，对比截至2024年6月30日止半年度的期内损失约人民币151亿元，本集团预期 截至2025年6月30日止半年度的期内损失约人民币185亿元至人民币215亿元。预计期内损失主要是由于 房地产开发项目结算规模下降，毛利率仍处低位;结合行业、市场和经营环境变化，物业项目的资产减 值增加所致。 本集团将继续全力以赴推动经营改善，通过组织架构和资源配置有序调整，保障阶段性战略与目标实 现，加快构建适应房地产新模式的核心能力，推动公司早日回归良性的发展循环。 ...

Core Viewpoint - Country Garden (碧桂园) reported a significant loss of approximately RMB 15.1 billion for the half-year period ending June 30, 2024, and anticipates a further loss of between RMB 18.5 billion to RMB 21.5 billion for the half-year period ending June 30, 2025, primarily due to a decline in the scale of real estate project settlements and low gross margins [1] Group 1 - The expected losses are attributed to increased asset impairments in property projects, influenced by changes in the industry, market, and operational environment [1] - The company has maintained stable operations by implementing a strict income and expenditure strategy, efficiently utilizing resources, and establishing a diversified dynamic mechanism to enhance operational management [1] - During the reporting period, the company and its joint ventures delivered approximately 74,000 housing units [1] Group 2 - The company is actively addressing debt risk by engaging with stakeholders to promote overall restructuring of offshore debt, reasonable extension of debt maturities, and moderate reduction of financing costs [1] - The company aims to gradually build a long-term and sustainable healthy capital structure through various proactive debt management measures [1] - The company will continue to focus on operational improvements by orderly adjusting organizational structure and resource allocation to ensure the achievement of strategic goals and accelerate the development of core capabilities suited to the new real estate model [1]