智通财经APP讯，富力地产(02777)发布公告，集团于2025年8月的月内总销售收入共约人民币10.8亿 元，销售面积达约10.5万平方米。 累计至2025年8月底，总销售收入约人民币94亿元，同比增加32.21%。销售面积达约94.33万平方米。 ...

Group 1 - The company reported total sales revenue of approximately RMB 1.08 billion in August 2025, with a sales area of about 105,000 square meters [1] - Cumulatively, by the end of August 2025, total sales revenue reached approximately RMB 9.4 billion, representing a year-on-year increase of 32.21% [1] - The total sales area reached approximately 943,300 square meters by the end of August 2025 [1]

格隆汇9月12日丨富力地产(02777.HK)宣布，集团于2025年8月的月内总销售收入共约人民币10.8亿元， 销售面积达约105,000平方米。累计至2025年8月底，总销售收入约人民币94亿元，销售面积达约943,300 平方米。 ...

上述銷售數據未經審核，乃根據本集團初步內部資料編製，鑒於收集該等銷售資料過程 中存在各種不確定因素，該等銷售數據與本公司按年度或半年度刊發的經審核或未經審 核綜合財務報表中披露的數字可能存在差異，因此上述數據僅供投資者參考。投資者買 賣本公司證券時務須謹慎行事，避免不恰當地依賴該等資料。如有任何疑問，投資者應 尋求專業人士或財務顧問的專業意見。 承董事會命 廣州富力地產股份有限公司 公司秘書 李啓明 香港，二零二五年九月十二日 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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：2777） 二零二五年八月的未經審核營運數據 廣州富力地產股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會 （「董事會」）欣然宣佈，本集團於二零二五年八月的月內總銷售收入共約人民幣 10.8 億元，銷售面積達約 105,000 平方米。 累計至二零二五年八月底，總銷售收入約人民幣 94 億元，銷售面積達約 94 ...

Core Viewpoint - R&F Properties has announced a comprehensive restructuring plan for its domestic bonds, involving cash buybacks, asset swaps, and accounts receivable trust shares, addressing over 12.2 billion yuan in outstanding principal [2][3]. Group 1: Restructuring Plan Details - The restructuring plan offers six options for bondholders, including cash buybacks, asset swaps, and accounts receivable trust shares [3][4]. - Cash buyback will occur in three phases, with a total amount not exceeding 600 million yuan, where each bond will be bought back at 20% of its remaining face value [3]. - The asset swap option allows bondholders to register physical assets valued at 30 yuan for every 100 yuan of remaining bond face value, with a total of up to 6.6 billion yuan in outstanding bonds eligible [3][4]. Group 2: Financial Performance - In the first half of the year, R&F Properties reported a loss of approximately 4.08 billion yuan, a significant increase of about 75.12% compared to the same period in 2024 [6]. - The total assets of R&F Properties stand at 289.15 billion yuan, with total liabilities rising to 264.38 billion yuan, an increase of approximately 2.24 billion yuan from the end of the previous year [6]. - As of mid-2025, the company had only 688 million yuan in cash and cash equivalents, indicating severe liquidity issues [6]. Group 3: Industry Context - The restructuring approach reflects a shift in the real estate industry from a one-size-fits-all extension to a more menu-based strategy, with cash thresholds raised and asset discounting increased [5]. - The restructuring plan is seen as a potential template for smaller real estate firms, incorporating mainstream terms currently prevalent in the industry [5].

智通财经APP获悉，富力地产(02777)跌超4%，截至发稿，跌4.05%，报0.71港元，成交额621.97万港 元。 消息面上，9月10日晚，富力地产公告称，鉴于当前公司的整体经营现状，拟初步为境内公司债券持有 人提供整体境内债券重组方案，包括现金购回、以物抵债、应收账款信托份额抵债、资产信托份额抵 债、股票经济收益权兑付和全额留债长展期等6种选择。据悉，富力此次境内债重组涉及6只债券，未偿 还剩余本金余额逾122亿元。 今年上半年，富力地产实现营业额57.65亿元人民币，同比减少59.43%；公司所有者应占亏损40.46亿 元，同比扩大73.6%。此外，上交所、深交所近日发布的公告显示，富力地产被调出港股通标的名单， 并自9月8日起生效。 ...

Core Viewpoint - R&F Properties (02777) is facing significant financial challenges, leading to a proposed restructuring of its domestic bonds due to a substantial loss and declining revenue [1] Financial Performance - In the first half of the year, R&F Properties reported a revenue of 5.765 billion RMB, a year-on-year decrease of 59.43% [1] - The company recorded a loss attributable to shareholders of 4.046 billion RMB, which represents a year-on-year increase of 73.6% [1] Bond Restructuring Proposal - R&F Properties announced a preliminary plan to provide a comprehensive restructuring scheme for domestic bondholders, which includes six options: cash buyback, debt-for-asset swaps, receivables trust shares, asset trust shares, equity economic rights payment, and full debt extension [1] - The restructuring involves six bonds with an outstanding principal balance exceeding 12.2 billion RMB [1] Market Reaction - Following the announcement, R&F Properties' stock price dropped over 4%, trading at 0.71 HKD with a transaction volume of 6.2197 million HKD [1] - The company has been removed from the Hong Kong Stock Connect list, effective from September 8 [1]

9月10日，广州富力地产(02777.HK)发布公告，鉴于公司整体经营现状，公司拟初步为公司境内公司债 券持有人提供整体境内债券重组方案，包括现金购回、以物抵债、应收账款信托份额抵债、资产信托份 额抵债、股票经济收益权兑付和全额留债长展期，具体如下： (一)现金购回：公司拟对债券分三次进行折价(每张债券剩余面值的20%)购回，预计购回总金额不超过 人民币6亿元。 (二)以物抵债：公司拟以实物资产偿付债券，每人民币100元剩余面值的债券可申报登记可抵债价值为 人民币30元的实物资产，本次拟进行以物抵债的未偿还债券本金余额合计不超过人民币66亿元。 (三)应收账款信托份额抵债：公司拟以人民币3亿元应收回购款作为基础资产，设立应收账款信托，每 人民币100元剩余面值的债券可申报登记价值为人民币30元的信托份额。本次拟进行应收账款信托份额 抵债的未偿还债券本金余额合计不超过人民币10亿元。 (四)资产信托份额抵债：公司拟以实物资产收益权作为资产信托的基础资产，设立服务型信托，每人民 币100元剩余面值的债券可申报登记价值为人民币35元的资产信托份额。本次拟进行资产信托份额抵债 的未偿还债券本金余额合计不超过人民币57 ...

第六个选项为全额留债长展期，若本次境内债券重组经全部持有人会议通过得以顺利推进落地，上述选 项完成后的剩余境内公司债券本金将全部展期至2035年9月16日。自2031年3月16日起每张债券每半年以 现金支付1元本金，于最后一期到期日支付全部剩余本金及利息。过往及长展期期间内的利息部分统一 降低至1%，单利计息、不计复利。 富力此次境内债重组也转向削债。 早在2022年底就完成境内外债券全部展期的富力地产（02777.HK），历经过去两年的动荡后，决定重 新推动境内债务的全面重组。 9月10日晚，富力地产公告称，鉴于当前公司的整体经营现状，拟初步为境内公司债券持有人提供整体 境内债券重组方案，包括现金购回、以物抵债、应收账款信托份额抵债、资产信托份额抵债、股票经济 收益权兑付和全额留债长展期等6种选择。据悉，富力此次境内债重组涉及6只债券，未偿还剩余本金余 额逾122亿元。 具体来看，第一个选项为现金购回，富力拟对债券分三次进行折价（每张债券剩余面值的 20%）购 回，预计购回总金额不超过6亿元。 第二个选项为以物抵债，富力拟以实物资产偿付债券，每100元剩余面值的债券可申报登记可抵债价值 为30元的实物资产， ...

Core Viewpoint - The company, R&F Properties (02777), is proposing a comprehensive restructuring plan for its domestic bondholders due to its overall operational status, which includes various options such as cash buybacks, asset swaps, and extended repayment terms [1][2] Summary by Sections Cash Buyback - The company plans to repurchase bonds in three phases at a discount of 20% of the remaining face value, with a total repurchase amount not exceeding RMB 600 million [1] Asset Swaps - The company intends to use physical assets to repay bonds, allowing bondholders to register for a debt offset value of RMB 30 for every RMB 100 of remaining bond face value, with an outstanding bond principal balance of up to RMB 6.6 billion [1] Accounts Receivable Trust Shares - The company aims to establish a trust based on RMB 300 million in receivables, allowing bondholders to register for a trust share value of RMB 30 for every RMB 100 of remaining bond face value, with an outstanding bond principal balance of up to RMB 1 billion [1] Asset Trust Shares - The company plans to set up a service trust using the rights to physical asset income, allowing bondholders to register for a trust share value of RMB 35 for every RMB 100 of remaining bond face value, with an outstanding bond principal balance of up to RMB 5.7 billion [1] Stock Economic Benefit Rights - The company proposes to issue up to 200 million shares in Hong Kong for stock economic benefit rights repayment, with the net proceeds from the stock disposal to be used for repaying bondholders [2] Full Debt Extension - If the restructuring plan is approved by all bondholders, the remaining bond principal will be extended to September 16, 2035, with semi-annual cash payments of RMB 1 starting March 16, 2031, and a reduction of interest to 1% during the extension period [2] Overall Impact - Successful implementation of the restructuring plan is expected to alleviate the company's short-term debt repayment pressure, reduce its debt ratio, optimize its debt structure, and improve its financial condition, allowing the company to focus more on its core business and enhance operational capabilities [2]