CHINA JINMAO(FRSHY)
Search documents
大摩:升中国金茂目标价至1.32港元 上调销售及毛利率预测
Zhi Tong Cai Jing· 2025-10-06 05:50
Core Viewpoint - Morgan Stanley has raised the target price for China Jinmao (00817) from HKD 1.20 to HKD 1.32, maintaining a "Market Perform" rating due to strong property sales growth in the first nine months of the year [1] Group 1: Financial Performance - The company's property sales for the first nine months increased by 27% year-on-year [1] - Morgan Stanley has adjusted its full-year revenue forecast upward by 11% to RMB 118 billion, indicating a year-on-year growth of 20% [1] Group 2: Future Projections - Revenue forecasts for 2025 to 2027 have been increased by 6%, 10%, and 11% respectively [1] - The gross profit margin predictions for the development business for 2025 to 2027 have been raised by 2.2, 2.9, and 3.9 percentage points to 11.5%, 13%, and 12.6% respectively, compared to 11% in 2024 [1] - The better-than-expected average selling price performance of new projects in recent years has contributed to these adjustments [1]
大摩:升中国金茂(00817)目标价至1.32港元 上调销售及毛利率预测
智通财经网· 2025-10-06 05:46
Core Viewpoint - Morgan Stanley has raised the target price for China Jinmao (00817) from HKD 1.2 to HKD 1.32 while maintaining a "Market Perform" rating due to a 27% year-on-year increase in property sales for the first nine months of the year [1] Financial Performance - The full-year revenue forecast has been increased by 11% to RMB 118 billion, indicating a year-on-year growth of 20% [1] - Revenue forecasts for 2025 to 2027 have been adjusted upwards by 6%, 10%, and 11% respectively [1] Profitability Metrics - The gross profit margin predictions for the development business for 2025 to 2027 have been raised by 2.2, 2.9, and 3.9 percentage points to 11.5%, 13%, and 12.6% respectively [1] - The gross profit margin for 2024 is projected to be 11% [1] Market Performance - The increase in target price and revenue forecasts is attributed to better-than-expected average selling prices of newly added projects in recent years [1]
大摩升中国金茂目标价至1.32港元 上调销售及毛利率预测
Ge Long Hui· 2025-10-06 03:01
Core Viewpoint - Morgan Stanley has raised the target price for China Jinmao (0817.HK) from HKD 1.20 to HKD 1.32, maintaining a "Market Perform" rating due to a 27% year-on-year increase in property sales for the first nine months of the year [1] Financial Performance - The full-year revenue forecast has been increased by 11% to RMB 118 billion, indicating a year-on-year growth of 20% [1] - Revenue forecasts for 2025 to 2027 have been adjusted upwards by 6%, 10%, and 11% respectively [1] Profitability Metrics - The gross profit margin forecasts for the development business for 2025 to 2027 have been raised by 2.2, 2.9, and 3.9 percentage points to 11.5%, 13%, and 12.6% respectively, compared to 11% in 2024 [1] - The increase in average selling prices of new projects has outperformed expectations [1] Earnings Adjustments - The earnings per share forecast for 2025 has been reduced by 1% due to increased tax expenses, while forecasts for 2026 and 2027 have been raised by 12% and 14% respectively [1]
中国金茂(00817) - 公告持续关连交易保理服务框架协议

2025-09-30 12:27
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,概不對任何就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責任。 China Jinmao Holdings Group Limited 中國中化為本公司的最終控股股東,間接持有本公司已發行股份總數約 38.38%,為本公司的關連人士,中化保理由中國中化間接持有92.7845%股權。 因此,中化保理為本公司的關連人士。根據上市規則第14A章,2025年框架協 議及其項下之交易構成本公司的持續關連交易。 由於融資性保理服務的每日最高餘額(包括應收賬款金額及應計利息)以及非融 資性保理服務的年度費用上限金額的一個或多個適用百分比率超過0.1%但均低 於5%,因此2025年框架協議、其項下的交易及有關上限須遵守上市規則第14A 章下的申報、公告及年度審閱的規定,但獲豁免遵守獨立股東批准的規定。 1 背景 中國金茂控股集團有限公 司 (於香港註冊成立的有限公司) (股票代號:00817) 公告 持續關連交易 保理服務框架協議 茲提述本公司日期為2018年3月28日及2022 ...
中国金茂(00817) - 截至2025年6月30日止六个月之中期股息

2025-09-30 12:22
| 股息派發日 | 2025年10月31日 | | --- | --- | | 股份過戶登記處及其地址 | 香港中央證券登記有限公司 | | 皇后大道東183號 | | | 合和中心 | | | 17樓1712-1716號舖 | | | 灣仔 | | | 香港 | | | 代扣所得稅信息 | | | 股息所涉及的代扣所得稅 | 不適用 | | 發行人所發行上市權證/可轉換債券的相關信息 | | | 發行人所發行上市權證/可轉換債券 | 不適用 | | 其他信息 | | | 其他信息 | 不適用 | | 發行人董事 | | | 本公司董事為執行董事陶天海先生(主席)、張輝先生及喬曉潔女士;非執行董事崔焱先生、劉文先生、陳一江先生及王葳女士; | | | 以及獨立非執行董事劉峰先生、孫文德先生、高世斌先生及鍾偉先生。 | | 第 2 頁 共 2 頁 v 1.1.1 EF003 免責聲明 | 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。 | | --- ...
中国金茂(00817) - 致非登记持有人申请表格

2025-09-30 12:18
Non-registered holder's information (English Name and Address) 非登記持有人資料(英文姓名及地址) CCS3414 FSPH_NRH Request Form 申請表格 To: China Jinmao Holdings Group Limited (the ''Company'') 致: 中國金茂控股集團有限公司(「本公司」) (Stock Code: 00817) (股票代號:00817) c/o Computershare Hong Kong Investor Services Limited 經香港中央證券登記有限公司 17M Floor, Hopewell Centre 香港灣仔皇后大道東 183 號合和中心 17M 樓 I/We would like to receive the Current Corporate Communication of the Company in the manner as indicated below: 本人╱我們希望以下列方式收取 貴公司之本次公司通訊文件: (Please mark ONLY ON ...
中国金茂(00817) - 致股东变更申请表格

2025-09-30 12:15
Change Request Form 變更申請表格 To: China Jinmao Holdings Group Limited (the ''Company'') 致: 中國金茂控股集團有限公司(「本公司」) (Stock Code: 00817) (股票代號:00817) c/o Computershare Hong Kong Investor Services Limited 經香港中央證券登記有限公司 17M Floor, Hopewell Centre 香港灣仔皇后大道東 183 號合和中心 17M 樓 183 Queen's Road East, Wanchai, Hong Kong Part A — I/We would like to receive printed version(s) of the Current Corporate Communication of the Company in the manner as indicated below: 甲 部 本人╱我們現在希望以下列方式收取 貴公司本次公司通訊文件: (Please mark ONLY ONE(X)of the ...
中国金茂(00817) - 致非登记持有人通知信函

2025-09-30 12:12
China Jinmao Holdings Group Limited Should you have any queries relating to any of the above matters, please call the Company's telephone hotline at (852) 2862 8688 during business hours from 9:00 a.m. to 6:00 p.m. Monday to Friday, excluding Hong Kong public holidays. 中 國 金 茂 控 股 集 團 有 限 公 司 (incorporated in Hong Kong with limited liability) (於香港註冊成立的有限公司) (Stock Code 股票代號 : 00817) NOTIFICATION LETTER 通知信函 Dear non-registered holder(1) , 2 October 2025 China Jinmao Holdings Group Limited (the ''Company'') ...
中国金茂(00817) - 致股东通知信函

2025-09-30 12:09
China Jinmao Holdings Group Limited Further, notwithstanding any choice to the contrary previously conveyed to us, if you would at any time like to change your choice of language or means of receipt of future Corporate Communication of the Company, or would like to receive email notification of the publication of future Corporate Communication, please complete Part B of the enclosed Change Request Form and send it to the Company c/o the Hong Kong Share Registrar by the abovementioned means. Should you have ...
中国金茂(00817) - 2025年中期股息以股代息安排 - 选择表格

2025-09-30 12:05
If you sign this Election Form without completing Box C, or if you elect to receive Scrip Shares in respect of a greater number of shares than your registered holding on the Record Date, 19 September 2025, you will be deemed to have elected to receive only Scrip Shares in respect of ALL the shares registered in your name on the Record Date, 19 September 2025. THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION 此乃要件,請即處理 NAME(S) AND ADDRESS OF REGISTERED SHAREHOLDER(S) 登記股東之姓名及地址 BOX A 甲欄 HONG K ...